gas oil Archives - AfricaBusiness.com

22Oct

By Ogi Williams and Jacques Du PreezNo Comments

Energy

African Oil & Gas: Evolving the industry post Covid-19

By Ogi Williams and Jacques Du Preez The following paper provides excerpts from Johannesburg-based consulting firm In On Africa’s 2021 African Oil and Gas report. The post Covid-19 period has pushed Africa's oil and gas industry to adapt to a very different paradigm and one revolving around hydrocarbon divestment and increased renewable energy focus. As the pandemic and related financial fallout drove oil prices down and well beyond sustainable thresholds during 2020, projects across the continent were delayed or abandoned entirely. This has been compounded by the growing risks to financing posed by the global divestment movement, with some of the continent's largest financiers announcing a gradual draw down on hydrocarbon financing. One silver lining amid this uncertainty is the renewe...

1Oct

By Nirmala DsouzaNo Comments

Energy, Tech

Schlumberger and AVEVA Announce Agreement to Advance Digital Solutions for Oil & Gas Production Operations

Industry leaders to integrate AVEVA PI System with Agora edge technologies and cloud-based production solutions enabled by the DELFI environment from Schlumberger Schlumberger and AVEVA today announced an agreement to integrate edge, AI and cloud digital solutions to help operators optimize oil and gas production. The companies will work together to streamline how energy operators acquire, process and action field data for enhanced wellsite efficiency and performance. Initial focus of the collaboration includes linking edge systems to applications in the DELFI* cognitive E&P environment to better manage equipment health and optimize performance. “This partnership brings together our edge and cloud solutions with the AVEVA PI System™ to seamlessly liberate access to data acceler...

27Sep

By Africa BusinessNo Comments

Angola News, Energy, Events, Interview

What you need to know about Angola’s premier Oil, Gas and Tech Conference

The upcoming second Angola Oil and Gas Service and Technology Conference (AOTC), is set to run in Luanda from 23-25 November and it’s shaping up to be the event of the year. The event billed as the country’s premier oil, gas and technology conference has once again been endorsed by the Angolan Ministry of Mineral Resources and Petroleum. Given this high-ranking support, it's not surprising that a host of prominent, respected government and industry expert speakers from the oil and gas industry and other private sectors are on the programme. The AOTC was started last year by the Angolan Oil & Gas Service Companies Association (AECIPA) and is again hosted in partnership with the international events organiser GEP. Engineer Bráulio de Brito, the President of the AECIPA and Chairman o...

10Aug

By Africa BusinessNo Comments

Energy, Green Energy, Republic of the Congo, South Africa News

Promoting the Pan-African Energy Agenda: H.E. Minister Bruno Jean Richard Itoua of the Republic of the Congo Reiterates his Support Towards African Energy Week in Cape Town

With an ambitious Gas Master Plan, progressive petroleum regulation, and a united stakeholder approach, H.E. Bruno Itoua is focused on making deals, and will promote a pan-African energy transition at African Energy Week in Cape Town. H.E. Bruno Jean Richard Itoua, Minister of Hydrocarbons for the Republic of the Congo has reiterated both his support for and dedication towards driving a pan-African energy agenda at African Energy Week (AEW) 2021 in Cape Town on the 9th-12th of November. On the back of several other Ministerial VIP confirmations at AEW 2021, Hon. Bruno Itoua is focused on establishing a working commission to help make AEW 2021 a success. By promoting the Congo’s ambitious Gas Master Plan (GMP), as well as the prioritization of local content and capacity building, H.E. Bru...

25May

By NJ AyukNo Comments

Energy, Green Energy, South Africa News

Net Zero? Not for Africa. Not Yet. Africa Must Fight Energy Poverty with Oil and Gas Development

By NJ Ayuk, Executive Chairman, African Energy Chamber On May 18, 2021, the International Energy Agency (IEA) released “Net Zero by 2050: A Roadmap for the Global Energy Sector,” which outlines plans for the global energy sector to reach “net zero” greenhouse gas emissions by 2050. Achieving net zero emissions means the amount of greenhouse gases being emitted into the atmosphere would equal the amount being removed. Achieving this balance, the IEA maintains, would require more than aggressive carbon-capture measures: It would call for a swift and immediate shift from petroleum energy sources to energy provided through naturally replenished sources like wind, water, and solar power. From an environmental standpoint, this is a great concept. But we live in reality. And today, in real-world...

16Apr

By Africa BusinessNo Comments

Energy, Tech

PETRONAS Selects AVEVA ‘s Unified Cloud Solution to Drive Productivity and Redefine Processes

AVEVA And Petronas Strategically Partner to Deliver Digital Transformation London, UK, 16th April 2021 - Petroliam Nasional Berhad (PETRONAS), Malaysia’s fully integrated oil and gas multinational, has partnered with AVEVA, a global leader in industrial software, driving digital transformation and sustainability, to provide a modern enterprise solution that promotes integration across the entire value chain. PETRONAS selected AVEVATM Unified Supply Chain in the cloud to enable simplified business processes and deeper collaboration, while reducing value leaks and sustaining productivity. As the only industrial software company that offers unified design applications across all supply chain activities, AVEVA’s solution uses Enterprise Crude Knowledge Management, to drive Value Chain Optimi...

5Jan

By Jude KearneyNo Comments

Energy, Main

What the U.S. Political Transition Might Mean for Africa Generally and Its Oil and Gas Sector in Particular

2021 could be the beginning of a much needed reset for US relations with Africa and its various countries and regions. To date, most African governments have responded positively to the results of the recent U.S. presidential election, with many African leaders offering their congratulations to Joe Biden. That is no surprise: Donald Trump’s presidency has been, at best, a mixed bag for Africa and Africans. President Trump’s Africa Legacy Unfortunately for Donald Trump, his widely reported use of profane and vile language in a closed door meeting to describe African and other developing countries is now viewed by many, including most Africans, as clear evidence that he is uninterested in any meaningful or supportive relationship with Africa. While I accept it as fact that such derogation ...

African Countries Must Develop Strategic Fiscal Policies to Survive Oil and Gas Industry Changes on Horizon

21Nov

By NJ AyukNo Comments

Angola News, Cameroon News, Energy, Gabon News

African Countries Must Develop Strategic Fiscal Policies to Survive Oil and Gas Industry Changes on Horizon

The future of the global oil and gas industry has been a subject of great fascination and debate for decades. Since COVID-19 surfaced, there has been even more conjecture on this topic and, in particular, the most likely timing for “peak oil,” when crude production reaches its maximum rate before going into permanent decline. Predictions run the gamut: OPEC’s latest World Oil Outlook, for example, forecasts increasing oil demand for two more decades. But the International Energy Agency stated in its 2020 World Energy Outlook report that demand for oil probably will plateau after 2030. And the 2020 energy outlook from BP states that the world has already passed peak oil and predicts even greater drops in demand as countries comply with carbon dioxide abatement measures. While no one can p...

A look at Angola’s new oil-licensing strategy (2019 – 2025)

18Mar

By Adriano Rioja CiprianNo Comments

Angola News, Energy

A look at Angola’s new oil-licensing strategy (2019 – 2025)

By Adriano Rioja Ciprian, Associate Attorney, Centurion Law Group (http://CenturionLG.com) In yet another landmark reform for its hydrocarbons sector, Angola released in February 2019 a new Presidential Decree detailing the country’s oil licensing strategy for the next six years. Published in February 2019, Presidential Decree No. 52/19 is a continuation of the Lourenço administration’s efforts to incentivize investments into exploration and arrest declining output. Angola’s oil production has been decreasing since its peak of almost 1.9 million bopd in 2008 to reach 1.478 million bopd last year. With the objective of “increasing the production of oil and gas” and “ensuring the substitution of reserves to replace the evident decline in production in recent years,” the new decree hence defi...