Tag: oil and gas

EIU forecasts 30% decline in FDI flows into SSA in 2020

The Economist Intelligence Unit has reported that foreign direct investment flows into Sub-Saharan Africa will fall by 30 per cent this year, with oil and gas producers facing the biggest knock. Pat Thacker, Editorial Director of India, Middle East & Africa at the Economist Intelligence Unit joins CNBC Africa for more.

COVID-19 headwinds weigh on Nigerian oil companies

Capital imported to Nigeria’s oil and gas sector in the first quarter of the year was about 10.1 million dollars according to data by the National Burea of Statistics. The bureau also says the oil and gas sector grew by 5.06 per cent, recording an average oil daily production of 2.07 million barrels per day in the same quarter. Oyeyemi Oke, Oil and Gas Lawyer and a Partner at A02 Law joins CNBC Africa for more.

DMWA Resources endorses Equal by 30 Campaign, encouraging more women to become Players in the Energy Sector

DMWA Resources (www.DMWAResources.com), a pan-African energy marketing & investment holding, endorses the gender equity campaign, Equal by 30, which aims to encourage women in the clean energy sector to access equal pay, equal leadership and equal opportunities. Alongside 6 partner organisations, DMWA increases the total of signatories to 144, including 118 organisations, 13 partners and 13 governments. By having a limited workforce, companies are not drawing upon the full range of talent at

Angola Exploration License Extensions Could Spur Oil Sector Recovery (By Grace Goodrich, Field Editor)

By Grace Goodrich, Field Editor Prior to the onset of COVID-19 and OPEC-led production cuts effective May 1, Angola was set to see a rise in production. In February, the country recorded a production level of 1.39 million barrels per day (bpd), up 15,000 bpd from January. Since the middle of 2019, several majors also extended existing block production licenses, reflecting an initial push to ramp up production. Aligned with the effort to yield new discoveries, Maersk Drilling was awarded contr

Senegal: A West African Leader on the Rise (By Thomas Hedley, Field Editor)

By Thomas Hedley, Field Editor Although they are located 1,800Km from each other, Côte d'Ivoire and Senegal vie for the place of economic leader in West Africa, with a slight advantage for the former which, thanks to its leading economic capital Abidjan, was able to attract many investors, particularly French speaking. The population of Senegal reached 15.85 million people in 2018 compared to 25 million in Côte d'Ivoire. The same difference can be observed when loo

Apex Industries joins Equal by 30 Campaign and Commits to Equal Pay, Leadership and Opportunities for Women in the Energy Sector

The Equal by 30 Campaign aims to advance gender equality and ensure women have the same opportunities as men in the energy industry. The Equal by 30 campaign is a joint initiative of the Clean Energy, Education and Empowerment Initiative (C3E), which works to advance the participation of women in the clean energy transition and close the gender gap, and the International Energy Agency (IEA). The Equal by 30 campaign aims to have public and private sector commitments to work towards equal

Industry Downturn in Angola Presents Opportunities for Local Content and Marginal Players

With an economic recession expected at -1.4% by the International Monetary Fund (IMF) this year, Angola is expected to be less hit than its immediate neighbours or than the rest of African oil-producing countries. However, the crisis arrives at a time when sub-Saharan Africa’s second biggest oil producer was renewing with economic growth and betting on robust oil revenues to fund economic diversification efforts. To boost investment in oil & gas, the administration of President Jo&ati

Opportunity for Local Content in Angola’s Energy Sector

Africa Oil & Power (www.AfricaOilandPower.com), together with the African Energy Chamber, hosted a public webinar where industry leaders unpacked strategies to set Angola on its 2021 growth trajectory; The webinar was comprised of a brief presentation and 70-minute moderated panel discussion featuring upstream-, downstream- and service-related topics, followed by a Q&A session with members of the audience and press; As Africa’s second largest producer of oil, standing at 1,4 million barrel
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