OIL Archives - Page 2 of 6 - AfricaBusiness.com

6Apr

By Africa BusinessNo Comments

Energy

African Energy Thriller Becomes a Wall Street Journal Best-Seller List and tops US Market

Following the widely acclaimed release of NJ Ayuk, Managing Director of Centurion Law Group and Executive Chairman of the African Energy Chamber’s second book, Billions At Play: The Future of African Energy and Making Deals, the resourceful and bold book has become #1 Amazon Best Selling eBook overall, #2 Wall Street Journal Best Selling eBook, #4 USA Today Non-Fiction Business Best Selling eBook and #10 Wall Street Journal Non-Fiction Combined best seller. Billions At Play became number one on Amazon in several categories only a few days after its initial release in 2019, making it one of Africa’s energy best-sellers. This second edition, which opens once again on a foreword by H.E. Mohamed Sanusi Barkindo, Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC) and...

A Young Egyptian Researcher Attracts the Attention of British and European Oil Companies. Dr. Mohammad ElSayed Develops the First Multi-Sensing Robot System for Monitoring Offshore Oil and Gas Platforms in Britain

5Jan

By Africa BusinessNo Comments

Egypt News, Energy, Science, Tech

A Young Egyptian Researcher Attracts the Attention of British and European Oil Companies. Dr. Mohammad ElSayed Develops the First Multi-Sensing Robot System for Monitoring Offshore Oil and Gas Platforms in Britain

In an interview with Iris Media Agency, Dr. Mohammed ElSayed, a young Egyptian researcher at the University of Edinburgh, asserted that his success in developing a new multi-sensing robot has attracted the attention of both British and European oil and gas companies. Dr. Mohammad, who is currently spending his vacation in Abu Dhabi, mentioned that his novel invention will be be deployed in large collectives for monitoring offshore oil and gas platforms, as it designed to be low-cost and highly manufacturable. At the age of 25, Dr. Mohammed ElSayed has successfully received a PhD in Robotics from The University of Edinburgh on this research project under the supervision of Dr. Adam Stokes, becoming one of the youngest scientists in the universit...

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...

17Sep

By Giorgi MikhelidzeNo Comments

Forex, Nigeria News

Nigeria needs to start preparing for an oil-less economy

Nigeria is the second country in Africa with a big economy. Globally it is the 22nd country by the number of finances. With this flow of the growing economy, Nigeria can be in the top 10 countries in 2050. To achieve this kind of stability, this country needs to diversify its economy from its dependence on oil. Nigeria is a country that can really make a big difference in the world by using all the opportunities it has in different fields, so it goes without saying that Nigeria’s potential really lies beyond the oil. Based on recent trends, this country is starting to make a big difference in the trading field. To rely only on oil will be destructive for the country because the world is going far with new technologies and soon there will be renewable energy which can affect Nigeria’s econ...

Fueling the future of oil and gas infrastructure

9Jul

By Stephan BurgerNo Comments

Energy, Events, South Africa News

Fueling the future of oil and gas infrastructure

Stephan Burger, Vice President MOGS Oil & Gas Services In this Op-Ed piece MOGS Vice President Stephan Burger speaks to the theme of Africa Oil and Power - the continent's premier platform for energy investment. AOP’s theme #MakeEnergyWork will showcase the energy sector as a key driver of economic growth, jobs and opportunity for Africa’s people and private sectors. MOGS Oil & Gas Services (MOGS) is a Pan-African operator, investor and developer of oil and gas midstream infrastructure across the African continent. The company develops and operates fuel import terminals, storage and blending facilities. A subsidiary of African investment company Royal Bafokeng Holdings, MOGS is a majority partner in the South Africa-based energy infrastructure company, Sunrise Energy, which is r...

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...

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

15Jan

By NJ AyukNo Comments

African News, Angola News, Energy, Nigeria News

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 ...

22Apr

By Africa BusinessNo Comments

Africa Travel, African News, Nigeria News

Carlson Rezidor announces the Radisson Blu Hotel, Port Harcourt, Nigeria

The Carlson Rezidor Hotel Group – born in early 2012 – is one of the world’s largest and most dynamic hotel groups. The portfolio of the Carlson Rezidor Hotel Group includes more than 1,300 hotels, a global footprint spanning 80 countries, a powerful set of global brands (Radisson Blu, Radisson®, Country Inns & Suites by CarlsonSM, Park Inn by Radisson, Hotel Missoni and Park Plaza®). In most of the group’s hotels, guests can benefit from the loyalty program Club Carlson, one of the most rewarding loyalty programs in the world. The Carlson Rezidor Hotel Group and its brands employ more than 80,000 people. The Carlson Rezidor Hotel Group is headquartered in Minneapolis, USA, and Brussels, Belgium. http://www.carlsonrezidor.com; http://www.rezidor.com The Carlson Rezidor H...

26Dec

By Africa BusinessNo Comments

African News

A company that knows how to make things look easy

By Thandisizwe Mgudlwa Alcatel-Lucent has a success story to tell. Its stories, references and activities in Africa in 2012 is a lesson for many other organizations who what to make it big on the continent. In a recently published document Alcatel-Lucent shares references, successes, achievement and activities in Africa; as well as vision of African Market and broadband according to Daniel Jaeger, Vice-President of Alcatel-Lucent in Africa. News from Algiers, Algeria reveal that broadband for Africa, realize the potential of a connected world and tackle rural inclusion. I – Alcatel-Lucent presence, activities and foot print in Africa. II- Broadband in Africa, vision and view according to Daniel Jaeger Vice-President of Alcatel-Lucent Africa. III - Alcatel-Lucent’s pres...

13Dec

By Africa BusinessNo Comments

African News, Morocco News

“Circum Central Atlantic, Northwest Africa and Mediterranean: Your Net-based Source for E&P Opportunities”

Oil & Gas Marrakech Conference and Exhibition will be held in the Marrakech Congress Palace, Morocco. As one of the most important technical events in Morocco, it is an ideal opportunity to focus on the progress of the oil and gas industry across this region, an area known for its diversity, opportunity and capacity for growth. Northwest Africa in general and Morocco in particular are on the eve of a very ambitious exploration drilling programs tapping on both conventional and non-conventional hydrocarbon potential. This will provide exciting time for the forthcoming years to all actors of the Oil and Gas industry in the region. The petroleum industry in Morocco has reached a new maturity. New frontiers are being opened, a new modern database is being acquired and new play concepts h...