ExxonMobil Archives - AfricaBusiness.com

30Jun

By Duggan FlanakinNo Comments

Cape Town And Dubai Battle Over Africa’s Energy Future

Op-Ed by Duggan Flanakin, director of policy research for the Committee For A Constructive Tomorrow. It was quite a shock to Africa Energy Chamber Executive Director NJ Ayuk – and an even bigger shock to the Chamber – that the London-based Hyve group decided to move the annual Africa Oil Week from Cape Town, South Africa to Dubai. It was such a shock that the AEC shortly afterward announced it was sponsoring Africa Energy Week on the same weekend (November 8-12) as the (Out of) Africa Oil Week. Mr. Ayuk works hard to ensure the interests of African companies and citizens in African energy ventures are widely recognized. He calls the dueling conferences a major confrontation between “Cancel Fossil Fuels” (Dubai) and “Protect our Oil and Gas Industry” (Cape Town). The Cancel Fossil Fue...

What Angola can learn from Nigeria as it creates remarkable opportunities for marginal oil production

The Nigerian experience with marginal oil field development had measurable success, with 24 licenses awarded to 31 companies, some as sole operators and others as joint-ventures With production declining and investment scarce, the Angolan leadership has put in place a number of new policies to reboot its oil industry and propel economic development. However, those changes take time and renewed deep-water oil and gas exploration for fresh reserves will take years to yield the desired results and stop the daily production crunch. In the meantime, the government is targeting what it already knows exists, the country’s multiple deposits of what has been dubbed marginal oil fields, which will go on sale this year during the Angolan Marginal Field Bid Round. Marginal fields are defined by ...

Rex Tillerson, ExxonMobil and Africa: What to expect

Otavio Veras, Research Associate of the NTU-SBF Centre for African Studies Synopsis In the wake of controversial picks for Trump’s cabinet, the spotlight turns to his appointed choice for Secretary of State, the highest diplomatic rank in the United States government. After a brief interlude with Mitt Romney, which would certainly be a favourite pick among Republicans, Donald Trump showed that he would continue with his anti-establishment agenda and decided instead to recommend Rex Tillerson for the role. Rex Tillerson is an experienced executive of the Oil and Gas industry. Having worked at ExxonMobil for 41 years, Tillerson rose from a production engineer role, when he joined the company in 1975, to vice-president of ExxonMobil by 1999, and finally to chairman and CEO by 2006. Tillers...