Tag: Oil/Gas discoveries

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

To Finance its Energy Transition and Industrialization, Africa needs to Think Local

Download logoAs global markets think of the post-Covid-19 world and how the pandemic will reshape business models worldwide, African countries are coming to terms with a bitter reality: the continent has still not entered the Fourth Industrial Revolution and is heading towards its first recession in 25 years. While the impact of the pandemic on African economies is expected to be lesser than in Europe or North America, it still puts to the forefront the continent’s overdependence on key

New Gas Master Plan to boost Africa’s First Offshore Gas Mega Hub in the Gulf of Guinea

Equatorial Guinea continues to lead the development of natural gas production and monetization in the Gulf of Guinea, with the award of a new contract for a new Gas Master Plan to support the ongoing development of its offshore Gas Mega Hub. In collaboration with Marathon Oil Corp and EG LNG, the Ministry of Mines and Hydrocarbons (MMH) awarded a contract for the development of a Gas Master Plan to British company Gas Strategies on Tuesday. The work is part of the development of Equatorial Gu

Equatorial Guinea awards Contract to American Company Nexant for Methanol-to-Derivatives Plant

The Ministry of Mines and Hydrocarbons (MMH) of Equatorial Guinea, in collaboration with the Atlantic Methanol Production Company (AMPCO), awarded American company Nexant the feasibility study for the construction of a new formaldehyde production plant in Punta Europa. The project is part of the Year of Investment and was previously agreed during a meeting last January between H.E. President Teodoro Obiang Nguema Mbasogo, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons, Mar

Centurion Legal Group adds Weight to Equal by 30 Campaign to strengthen role of Women in Energy

Centurion Law Group (https://CenturionLG.com) has become a signatory to the Equal by 30 Campaign, which calls for private and public sector commitments to further equal pay, equal leadership and equal opportunities for women in the clean energy sector by 2030. 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 Interna

Rosgeo, Russia’s leading geological company, signed first contracts to start exploration and increase the potential of mineral and hydrocarbon resources in Equatorial Guinea

Download logoJSC Zarubezhgeologia and JSC Yuzhmorgeologia, internationally operating subsidiaries of the Russia’s state-owned joint stock company Rosgeo and the Ministry of Mines and Hydrocarbons (MMH) of Equatorial Guinea have signed two services contracts for the initial phase of seismic acquisition in transit zone and state geological mapping in the Rio Muni area, Equatorial Guinea. These contracts follow the signing of a Memorandum of understanding between both entities during the Russ

Investment Report examines Angola Oil and Gas Projects

Africa Oil & Power launched its Africa Energy Series Special Report: Angola 2020 on Thursday; the available-for-download report provides the status of several investment projects in development in Angola, including its 2020 licensing round, construction of gas processing facilities in Soyo, and more; the publication follows the announcement of the new dates for the Angola Oil & Gas 2020 Conference & Exhibition, which will now take place in Talatona from October 14-15. In line with A
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