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  •   The African Energy Chamber AEC the voice of the African energy sector is proud to announce that African Energy Week AEW https AECWeek com Africa s premier event for oil and gas sector will return in 2023 from October 16 20 to drive Africa s energy sector growth and make energy poverty history across the continent by 2030 Following a successful 2022 edition AEW 2023 the official place where Africa s entire hydrocarbon ecosystem will be discussed and optimized will build on the discussions held deals signed partnerships formed and relationships cemented in 2022 to maximize energy investments across the continent s entire energy base whilst paving way for free markets and increased private sector participation in energy sector expansion By uniting African Presidents Ministers public and private sector representatives energy companies and investors as well as global partners AEW 2023 is the official meeting place for the continent s energy market players to meet inspire each other and continue to create an enabling environment to maximize energy investments for a secure energy future We will sign more deals this year Investments in fossil fuels including in oil and gas by developed countries including G20 members have increased by 16 to 693 billion in 2021 penetration in Africa has been and continues to be restrained by energy transition related policies implemented by some of these countries yet the continent is heavily suffering chronic energy shortages and high fuel prices In this regard AEW 2023 will promote Africa as a global energy investment destination and address the consistent under investment and difficult financial conditions across the African market AEW 2023 aims to ensure Africa reduces its over reliance on external funding and energy imports while meeting its growing energy needs leveraging local resources AEW 2023 will make a strong case on the role Africa s hydrocarbon resources play in boosting energy access and driving socioeconomic developments across the continent Through high level panel discussions networking forums technical workshops one one meetings projects technology and partnership launches and more AEW 2023 will explore business deals and policy necessities for Africa maximize the exploitation development and monetization of its oil and gas resources for energy mix diversification employment creation industrialization and energy security The Chamber is proud to host AEW 2023 in partnership with industry players and government representatives as part of our efforts to continue to fight for Africa s energy independence and security With the number of people living in energy poverty in Africa continuing to increase we believe Africa has and needs to exploit its entire energy base including oil gas hydropower and renewables to drift itself away from poverty and under development states NJ Ayuk Executive Chairman of the AEC AEW 2023 is the AEC s annual conference exhibition and networking event AEW 2023 unites African energy stakeholders with investors and international partners to drive industry growth and development and promote Africa as the destination for energy investments
    African Energy Week Announces 2023 Dates – Road to Cape Town
      The African Energy Chamber AEC the voice of the African energy sector is proud to announce that African Energy Week AEW https AECWeek com Africa s premier event for oil and gas sector will return in 2023 from October 16 20 to drive Africa s energy sector growth and make energy poverty history across the continent by 2030 Following a successful 2022 edition AEW 2023 the official place where Africa s entire hydrocarbon ecosystem will be discussed and optimized will build on the discussions held deals signed partnerships formed and relationships cemented in 2022 to maximize energy investments across the continent s entire energy base whilst paving way for free markets and increased private sector participation in energy sector expansion By uniting African Presidents Ministers public and private sector representatives energy companies and investors as well as global partners AEW 2023 is the official meeting place for the continent s energy market players to meet inspire each other and continue to create an enabling environment to maximize energy investments for a secure energy future We will sign more deals this year Investments in fossil fuels including in oil and gas by developed countries including G20 members have increased by 16 to 693 billion in 2021 penetration in Africa has been and continues to be restrained by energy transition related policies implemented by some of these countries yet the continent is heavily suffering chronic energy shortages and high fuel prices In this regard AEW 2023 will promote Africa as a global energy investment destination and address the consistent under investment and difficult financial conditions across the African market AEW 2023 aims to ensure Africa reduces its over reliance on external funding and energy imports while meeting its growing energy needs leveraging local resources AEW 2023 will make a strong case on the role Africa s hydrocarbon resources play in boosting energy access and driving socioeconomic developments across the continent Through high level panel discussions networking forums technical workshops one one meetings projects technology and partnership launches and more AEW 2023 will explore business deals and policy necessities for Africa maximize the exploitation development and monetization of its oil and gas resources for energy mix diversification employment creation industrialization and energy security The Chamber is proud to host AEW 2023 in partnership with industry players and government representatives as part of our efforts to continue to fight for Africa s energy independence and security With the number of people living in energy poverty in Africa continuing to increase we believe Africa has and needs to exploit its entire energy base including oil gas hydropower and renewables to drift itself away from poverty and under development states NJ Ayuk Executive Chairman of the AEC AEW 2023 is the AEC s annual conference exhibition and networking event AEW 2023 unites African energy stakeholders with investors and international partners to drive industry growth and development and promote Africa as the destination for energy investments
    African Energy Week Announces 2023 Dates – Road to Cape Town
    Africa3 weeks ago

    African Energy Week Announces 2023 Dates – Road to Cape Town

    The African Energy Chamber (AEC) – the voice of the African energy sector – is proud to announce that African Energy Week (AEW) (https://AECWeek.com/) – Africa’s premier event for oil and gas sector – will return in 2023 from October 16 – 20 to drive Africa’s energy sector growth and make energy poverty history across the continent by 2030.

    Following a successful 2022 edition, AEW 2023 – the official place where Africa’s entire hydrocarbon ecosystem will be discussed and optimized - will build on the discussions held, deals signed, partnerships formed, and relationships cemented in 2022 to maximize energy investments across the continent’s entire energy base whilst paving way for free markets and increased private sector participation in energy sector expansion.

    By uniting African Presidents, Ministers, public and private sector representatives, energy companies and investors as well as global partners, AEW 2023 is the official meeting place for the continent’s energy market players to meet, inspire each other and continue to create an enabling environment to maximize energy investments for a secure energy future.

    We will sign more deals this year.

    Investments in fossil fuels including in oil and gas by developed countries including G20 members have increased by 16% to $693 billion in 2021, penetration in Africa has been and continues to be restrained by energy transition-related policies implemented by some of these countries, yet the continent is heavily suffering chronic energy shortages and high fuel prices.

    In this regard, AEW 2023 will promote Africa as a global energy investment destination and address the consistent under-investment and difficult financial conditions across the African market.

    AEW 2023 aims to ensure Africa reduces its over-reliance on external funding and energy imports while meeting its growing energy needs leveraging local resources.

    AEW 2023 will make a strong case on the role Africa’s hydrocarbon resources play in boosting energy access and driving socioeconomic developments across the continent.

    Through high-level panel discussions, networking forums, technical workshops, one-one meetings, projects, technology and partnership launches, and more, AEW 2023 will explore business, deals and policy necessities for Africa maximize the exploitation, development and monetization of its oil and gas resources for energy mix diversification, employment creation, industrialization and energy security.

    “The Chamber is proud to host AEW 2023 in partnership with industry players and government representatives as part of our efforts to continue to fight for Africa’s energy independence and security.

    With the number of people living in energy poverty in Africa continuing to increase, we believe Africa has and needs to exploit its entire energy base including oil, gas, hydropower and renewables to drift itself away from poverty and under development,” states NJ Ayuk, Executive Chairman of the AEC.

    AEW 2023 is the AEC’s annual conference, exhibition and networking event.

    AEW 2023 unites African energy stakeholders with investors and international partners to drive industry growth and development and promote Africa as the destination for energy investments.

  •   Ousmane Ndiaye Permanent Secretary of COS PETROGAZ has been named as one of the winners of the Mohammed S Barkindo Lifetime Achievement Award at the 2022 edition of the African Energy Awards held during the African Energy Week AEW https www AECWeek com conference and exhibition Africa s premier event for the oil and gas sector which took place from 18 21 October in Cape Town Ndiaye s selection as the 2022 recipient of the Mohammed S Barkindo Lifetime Achievement Award by a panel of judges including representatives from Rystad Energy a leading global energy market research firm and the Advisory Council of the African Chamber of Energy AEC is a testament to the executive s outstanding performance and commitment to maximizing the management production exploitation and monetization of Senegal s vast hydrocarbon resources to ensure energy security and drive socioeconomic development With more than 40 years of experience in the energy sector Ndiaye has held a number of high profile executive and commercial positions in which he drove significant progress including the renewal of Senegal s oil and gas policies and fiscal terms as well as local content development terms to ensure skills and the transfer of knowledge so that the local population and businesses benefit as the country maximizes the exploitation of its energy resources He having served as General Director of the national oil company PETROSEN between 1989 and 2000 Minister Counselor for Energy of HE Macky Sall President of the Republic of Senegal from 2012 to 2016 and as Permanent Secretary at the head of COS PETROGAZ since 2016 Ndiaye has worked tirelessly to improve Senegal s oil and gas regime As a result the West African country has seen a surge in upstream investment has become an exploration hub for large global companies and international independents including bp Africa Fortesa Corporation and Technip Energies and has seen massive discoveries that they include Sangomar Field Development Tortue Ahmeyim s Greater Find Teranga and Yakaar and BirAllah prospects Ndiaye s work not only has a positive impact on the local energy market but also shapes regional socio economic development and a fair and just energy transition while ensuring global energy security as Senegal is expected to start its first gas production for export in 2023 With Senegal seeking to accelerate exploration activities and exploitation of its more than one billion barrels of oil and 120 trillion cubic feet of natural gas reserves we believe that effective management of these resources and the modernization of existing fiscal policies and terms is essential and executives like Ousmane Ndiaye represent very important players who are well positioned to drive the expansion of the country s market As such Ousmane Ndiaye represents one of the ideal stakeholders for the winner of the Mohammed S Barkindo Lifetime Achievement Award during AEW 2022 said NJ Ayuk Executive Chairman of the African Chamber of Energy
    Ousmane Ndiaye, Former COS-PETROGAZ Permanent Secretary Honored with Lifetime Achievement Award at African Energy Week (AEW) 2022
      Ousmane Ndiaye Permanent Secretary of COS PETROGAZ has been named as one of the winners of the Mohammed S Barkindo Lifetime Achievement Award at the 2022 edition of the African Energy Awards held during the African Energy Week AEW https www AECWeek com conference and exhibition Africa s premier event for the oil and gas sector which took place from 18 21 October in Cape Town Ndiaye s selection as the 2022 recipient of the Mohammed S Barkindo Lifetime Achievement Award by a panel of judges including representatives from Rystad Energy a leading global energy market research firm and the Advisory Council of the African Chamber of Energy AEC is a testament to the executive s outstanding performance and commitment to maximizing the management production exploitation and monetization of Senegal s vast hydrocarbon resources to ensure energy security and drive socioeconomic development With more than 40 years of experience in the energy sector Ndiaye has held a number of high profile executive and commercial positions in which he drove significant progress including the renewal of Senegal s oil and gas policies and fiscal terms as well as local content development terms to ensure skills and the transfer of knowledge so that the local population and businesses benefit as the country maximizes the exploitation of its energy resources He having served as General Director of the national oil company PETROSEN between 1989 and 2000 Minister Counselor for Energy of HE Macky Sall President of the Republic of Senegal from 2012 to 2016 and as Permanent Secretary at the head of COS PETROGAZ since 2016 Ndiaye has worked tirelessly to improve Senegal s oil and gas regime As a result the West African country has seen a surge in upstream investment has become an exploration hub for large global companies and international independents including bp Africa Fortesa Corporation and Technip Energies and has seen massive discoveries that they include Sangomar Field Development Tortue Ahmeyim s Greater Find Teranga and Yakaar and BirAllah prospects Ndiaye s work not only has a positive impact on the local energy market but also shapes regional socio economic development and a fair and just energy transition while ensuring global energy security as Senegal is expected to start its first gas production for export in 2023 With Senegal seeking to accelerate exploration activities and exploitation of its more than one billion barrels of oil and 120 trillion cubic feet of natural gas reserves we believe that effective management of these resources and the modernization of existing fiscal policies and terms is essential and executives like Ousmane Ndiaye represent very important players who are well positioned to drive the expansion of the country s market As such Ousmane Ndiaye represents one of the ideal stakeholders for the winner of the Mohammed S Barkindo Lifetime Achievement Award during AEW 2022 said NJ Ayuk Executive Chairman of the African Chamber of Energy
    Ousmane Ndiaye, Former COS-PETROGAZ Permanent Secretary Honored with Lifetime Achievement Award at African Energy Week (AEW) 2022
    Africa1 month ago

    Ousmane Ndiaye, Former COS-PETROGAZ Permanent Secretary Honored with Lifetime Achievement Award at African Energy Week (AEW) 2022

    Ousmane Ndiaye, Permanent Secretary of COS-PETROGAZ, has been named as one of the winners of the Mohammed S.

    Barkindo Lifetime Achievement Award at the 2022 edition of the African Energy Awards held during the African Energy Week (AEW) (https:// www.AECWeek.com/) conference and exhibition: Africa's premier event for the oil and gas sector which took place from 18-21 October in Cape Town. Ndiaye's selection as the 2022 recipient of the Mohammed S.

    Barkindo Lifetime Achievement Award by a panel of judges, including representatives from Rystad Energy, a leading global energy market research firm, and the Advisory Council of the African Chamber of Energy (AEC), is a testament to the executive's outstanding performance and commitment to maximizing the management, production, exploitation and monetization of Senegal's vast hydrocarbon resources to ensure energy security and drive socioeconomic development.

    With more than 40 years of experience in the energy sector, Ndiaye has held a number of high-profile executive and commercial positions in which he drove significant progress, including the renewal of Senegal's oil and gas policies and fiscal terms, as well as local content development terms to ensure skills.

    and the transfer of knowledge, so that the local population and businesses benefit as the country maximizes the exploitation of its energy resources.

    He having served as General Director of the national oil company, PETROSEN, between 1989 and 2000; Minister Counselor for Energy of HE Macky Sall, President of the Republic of Senegal, from 2012 to 2016; and as Permanent Secretary at the head of COS-PETROGAZ since 2016, Ndiaye has worked tirelessly to improve Senegal's oil and gas regime.

    As a result, the West African country has seen a surge in upstream investment, has become an exploration hub for large global companies and international independents, including bp, Africa Fortesa Corporation and Technip Energies, and has seen massive discoveries that they include Sangomar Field Development, Tortue Ahmeyim's Greater Find, Teranga and Yakaar and BirAllah prospects.

    Ndiaye's work not only has a positive impact on the local energy market, but also shapes regional socio-economic development and a fair and just energy transition, while ensuring global energy security, as Senegal is expected to start its first gas production for export in 2023.

    “With Senegal seeking to accelerate exploration activities and exploitation of its more than one billion barrels of oil and 120 trillion cubic feet of natural gas reserves, we believe that effective management of these resources and the modernization of existing fiscal policies and terms is essential and executives like Ousmane Ndiaye represent very important players who are well positioned to drive the expansion of the country's market.

    As such, Ousmane Ndiaye represents one of the ideal stakeholders for the winner of the Mohammed S.

    Barkindo Lifetime Achievement Award during AEW 2022,” said NJ Ayuk, Executive Chairman of the African Chamber of Energy.

  •   Belarmino Chittargueleca Executive Director of Angola s national concessionaire and upstream regulator the National Agency for Oil Gas and Biofuels ANPG announced a series of changes and innovations including drastic cuts in approval times at the African Oil Gas and Biofuels Week Energy AEW www AECWeek com Conference and Exhibition 2022 in Cape Town These changes show a better business environment for oil and gas in Angola Under the theme A new concessionaire offers a new way of doing business Chittargueleca gave a presentation on the current state of the Angolan oil and gas industry stating that the regulator managed to reduce bureaucracy and streamline approval processes for the industry During his presentation it was noted that negotiations for exploration licenses are expected to begin and conclude in less than 12 months We have mature assets with great potential a stable political environment and many companies with experience that are still there Chittargueleca said during a panel discussion at AEW 2022 adding that The Government has established new regulations and policies to make our country is competitive and we are carrying out a study on how to stay competitive in order to increase exploration partners and investments At the regional level we will be sharing information with our brothers on how to boost exploration We are ready to negotiate also with interested investors to maximize investments throughout the industry and make Angola the final destination for energy capital Previously it took 18 months to close a deal but now with the reforms enacted it will take less than a year to sign new E P deals https bit ly 3W4xM8B Offering a new governance model for Angola s oil and gas sector the ANPG introduced legal and fiscal reforms including Presidential Legislative Decree 5 18 for further exploration of development areas and production Presidential Legislative Decree 6 18 for the development of marginal fields Presidential Legislative Decree 7 18 which establishes the legal and tax framework applicable to natural gas Presidential Decree 51 19 for the general bidding strategy for oil and gas concessions between 2019 and 2025 and Presidential Decree 249 21 which establishes the rules and procedures for the granting of oil concessions under permanent offer Fully committed to the development of sustainable hydrocarbon resources that support the energy transition the ANPG approved a strategy to assign more than 50 blocks in the next six years to promote the exploration and production of the existing oil and gas fields in the country Angola currently has 16 concessions in the production phase 11 concessions in the exploration phase four deepwater concessions in the development phase and 20 concessions 15 onshore and 5 in deepwater under negotiation Additionally the southern African country has 15 blocks on continuous bidding with the goal of awarding an additional 12 onshore blocks during the 2023 bidding cycle
    National Agency for Oil, Gas and Biofuels (ANPG) announces innovations to improve the business environment for oil and gas in Angola
      Belarmino Chittargueleca Executive Director of Angola s national concessionaire and upstream regulator the National Agency for Oil Gas and Biofuels ANPG announced a series of changes and innovations including drastic cuts in approval times at the African Oil Gas and Biofuels Week Energy AEW www AECWeek com Conference and Exhibition 2022 in Cape Town These changes show a better business environment for oil and gas in Angola Under the theme A new concessionaire offers a new way of doing business Chittargueleca gave a presentation on the current state of the Angolan oil and gas industry stating that the regulator managed to reduce bureaucracy and streamline approval processes for the industry During his presentation it was noted that negotiations for exploration licenses are expected to begin and conclude in less than 12 months We have mature assets with great potential a stable political environment and many companies with experience that are still there Chittargueleca said during a panel discussion at AEW 2022 adding that The Government has established new regulations and policies to make our country is competitive and we are carrying out a study on how to stay competitive in order to increase exploration partners and investments At the regional level we will be sharing information with our brothers on how to boost exploration We are ready to negotiate also with interested investors to maximize investments throughout the industry and make Angola the final destination for energy capital Previously it took 18 months to close a deal but now with the reforms enacted it will take less than a year to sign new E P deals https bit ly 3W4xM8B Offering a new governance model for Angola s oil and gas sector the ANPG introduced legal and fiscal reforms including Presidential Legislative Decree 5 18 for further exploration of development areas and production Presidential Legislative Decree 6 18 for the development of marginal fields Presidential Legislative Decree 7 18 which establishes the legal and tax framework applicable to natural gas Presidential Decree 51 19 for the general bidding strategy for oil and gas concessions between 2019 and 2025 and Presidential Decree 249 21 which establishes the rules and procedures for the granting of oil concessions under permanent offer Fully committed to the development of sustainable hydrocarbon resources that support the energy transition the ANPG approved a strategy to assign more than 50 blocks in the next six years to promote the exploration and production of the existing oil and gas fields in the country Angola currently has 16 concessions in the production phase 11 concessions in the exploration phase four deepwater concessions in the development phase and 20 concessions 15 onshore and 5 in deepwater under negotiation Additionally the southern African country has 15 blocks on continuous bidding with the goal of awarding an additional 12 onshore blocks during the 2023 bidding cycle
    National Agency for Oil, Gas and Biofuels (ANPG) announces innovations to improve the business environment for oil and gas in Angola
    Africa1 month ago

    National Agency for Oil, Gas and Biofuels (ANPG) announces innovations to improve the business environment for oil and gas in Angola

    Belarmino Chittargueleca, Executive Director of Angola's national concessionaire and upstream regulator, the National Agency for Oil, Gas and Biofuels (ANPG), announced a series of changes and innovations, including drastic cuts in approval times, at the African Oil, Gas and Biofuels Week. Energy (AEW) (www.AECWeek.com) Conference and Exhibition 2022 in Cape Town. These changes show a better business environment for oil and gas in Angola.

    Under the theme 'A new concessionaire offers a new way of doing business', Chittargueleca gave a presentation on the current state of the Angolan oil and gas industry, stating that the regulator managed to reduce bureaucracy and streamline approval processes for the industry.

    During his presentation it was noted that negotiations for exploration licenses are expected to begin and conclude in less than 12 months.

    “We have mature assets with great potential, a stable political environment and many companies with experience that are still there,” Chittargueleca said during a panel discussion at AEW 2022, adding that “The Government has established new regulations and policies to make our country is competitive and we are carrying out a study on how to stay competitive in order to increase exploration partners and investments.

    At the regional level, we will be sharing information with our brothers on how to boost exploration.

    We are ready to negotiate also with interested investors to maximize investments throughout the industry and make Angola the final destination for energy capital.

    Previously, it took 18 months to close a deal, but now with the reforms enacted, it will take less than a year to sign new E&P deals.” https://bit.ly/3W4xM8B Offering a new governance model for Angola's oil and gas sector, the ANPG introduced legal and fiscal reforms, including Presidential Legislative Decree 5/18 for further exploration of development areas and production; Presidential Legislative Decree 6/18 for the development of marginal fields; Presidential Legislative Decree 7/18, which establishes the legal and tax framework applicable to natural gas; Presidential Decree 51/19 for the general bidding strategy for oil and gas concessions between 2019 and 2025; and Presidential Decree 249/21, which establishes the rules and procedures for the granting of oil concessions under permanent offer.

    Fully committed to the development of sustainable hydrocarbon resources that support the energy transition, the ANPG approved a strategy to assign more than 50 blocks in the next six years to promote the exploration and production of the existing oil and gas fields in the country.

    Angola currently has 16 concessions in the production phase, 11 concessions in the exploration phase, four deepwater concessions in the development phase and 20 concessions, 15 onshore and 5 in deepwater, under negotiation.

    Additionally, the southern African country has 15 blocks on continuous bidding with the goal of awarding an additional 12 onshore blocks during the 2023 bidding cycle.

  •   Rogers Beall founder and CEO of Africa Fortesa Corporation represents one of the five winners of the Mohammed S Barkindo Lifetime Achievement Award presented during the 2022 edition of the African Energy Awards which took place during the African Energy Week AEW https AECWeek com 2022 in Cape Town Beall s selection as the winner of the esteemed award is a testament to his dedication and commitment to driving investment and development in Africa s rapidly expanding energy sector With over 46 years of experience in the global oil and gas industry Beall has been a key player in driving exploration and production globally having founded Africa Fortesa Corporation in 2005 to focus on exploration for the MSGBC basin in Africa Since its establishment the company has made significant progress in unlocking the true potential of the basin and much of Africa Fortesa Corporation s success is due to Beall s leadership The company currently holds two onshore licenses in Senegal an exploration permit in line with the recently discovered Sangomar reserves and a long term exploitation license for the Gadiaga license and is pursuing an ambitious gas conversion agenda in energy throughout the country Before making moves in Senegal s hydrocarbons sector Beall drove the growth of the upstream market from the Caspian Sea to West Africa and South America positioning himself and his company at the forefront of the global energy sector As such Beall truly represents one of the movers and shakers in the oil and gas industry making him the ideal recipient of the Mohammed S Barkindo Lifetime Achievement Award at Africa s largest event for the oil and gas industry oil and gas Rogers Beall has not only had a significant impact on the global oil and gas sector but has also driven exploration and production in one of Africa s most promising hydrocarbon markets the MSGBC Basin His distinguished career has seen him found Africa Fortesa Corporation unlocking significant hydrocarbon reserves around the world while supporting a range of corporate social responsibility initiatives thereby ensuring that energy developments translate into tangible opportunities for the local communities in which they operate your business operates As such Beall s decades long career justifies his achievement of the Mohammed S Barkindo Lifetime Achievement Award states NJ Ayuk CEO of the African Energy Chamber AEC Beall represents one of five industry leaders to win the Mohammed S Barkindo Lifetime Achievement Award at the 2022 African Energy Awards Selected by an esteemed panel of judges from global energy intelligence firm Rystad Energy and the Council An advisor to AEC Beall s success in the global oil and gas market has positioned him as an ideal winner of this high profile award
    Africa Fortesa Corporation CEO Rogers Beall Wins Lifetime Achievement Award at African Energy Week (AEW) 2022
      Rogers Beall founder and CEO of Africa Fortesa Corporation represents one of the five winners of the Mohammed S Barkindo Lifetime Achievement Award presented during the 2022 edition of the African Energy Awards which took place during the African Energy Week AEW https AECWeek com 2022 in Cape Town Beall s selection as the winner of the esteemed award is a testament to his dedication and commitment to driving investment and development in Africa s rapidly expanding energy sector With over 46 years of experience in the global oil and gas industry Beall has been a key player in driving exploration and production globally having founded Africa Fortesa Corporation in 2005 to focus on exploration for the MSGBC basin in Africa Since its establishment the company has made significant progress in unlocking the true potential of the basin and much of Africa Fortesa Corporation s success is due to Beall s leadership The company currently holds two onshore licenses in Senegal an exploration permit in line with the recently discovered Sangomar reserves and a long term exploitation license for the Gadiaga license and is pursuing an ambitious gas conversion agenda in energy throughout the country Before making moves in Senegal s hydrocarbons sector Beall drove the growth of the upstream market from the Caspian Sea to West Africa and South America positioning himself and his company at the forefront of the global energy sector As such Beall truly represents one of the movers and shakers in the oil and gas industry making him the ideal recipient of the Mohammed S Barkindo Lifetime Achievement Award at Africa s largest event for the oil and gas industry oil and gas Rogers Beall has not only had a significant impact on the global oil and gas sector but has also driven exploration and production in one of Africa s most promising hydrocarbon markets the MSGBC Basin His distinguished career has seen him found Africa Fortesa Corporation unlocking significant hydrocarbon reserves around the world while supporting a range of corporate social responsibility initiatives thereby ensuring that energy developments translate into tangible opportunities for the local communities in which they operate your business operates As such Beall s decades long career justifies his achievement of the Mohammed S Barkindo Lifetime Achievement Award states NJ Ayuk CEO of the African Energy Chamber AEC Beall represents one of five industry leaders to win the Mohammed S Barkindo Lifetime Achievement Award at the 2022 African Energy Awards Selected by an esteemed panel of judges from global energy intelligence firm Rystad Energy and the Council An advisor to AEC Beall s success in the global oil and gas market has positioned him as an ideal winner of this high profile award
    Africa Fortesa Corporation CEO Rogers Beall Wins Lifetime Achievement Award at African Energy Week (AEW) 2022
    Africa1 month ago

    Africa Fortesa Corporation CEO Rogers Beall Wins Lifetime Achievement Award at African Energy Week (AEW) 2022

    Rogers Beall, founder and CEO of Africa Fortesa Corporation, represents one of the five winners of the Mohammed S.

    Barkindo Lifetime Achievement Award, presented during the 2022 edition of the African Energy Awards, which took place during the African Energy Week ( AEW) (https://AECWeek.com/) 2022 in Cape Town. Beall's selection as the winner of the esteemed award is a testament to his dedication and commitment to driving investment and development in Africa's rapidly expanding energy sector.

    With over 46 years of experience in the global oil and gas industry, Beall has been a key player in driving exploration and production globally, having founded Africa Fortesa Corporation in 2005 to focus on exploration for the MSGBC basin in Africa.

    Since its establishment, the company has made significant progress in unlocking the true potential of the basin, and much of Africa Fortesa Corporation's success is due to Beall's leadership.

    The company currently holds two onshore licenses in Senegal, an exploration permit in line with the recently discovered Sangomar reserves and a long-term exploitation license for the Gadiaga license, and is pursuing an ambitious gas conversion agenda in energy throughout the country.

    Before making moves in Senegal's hydrocarbons sector, Beall drove the growth of the upstream market from the Caspian Sea to West Africa and South America, positioning himself and his company at the forefront of the global energy sector.

    As such, Beall truly represents one of the movers and shakers in the oil and gas industry, making him the ideal recipient of the Mohammed S.

    Barkindo Lifetime Achievement Award at Africa's largest event for the oil and gas industry.

    oil and gas.

    “Rogers Beall has not only had a significant impact on the global oil and gas sector, but has also driven exploration and production in one of Africa's most promising hydrocarbon markets – the MSGBC Basin.

    His distinguished career has seen him found Africa Fortesa Corporation, unlocking significant hydrocarbon reserves around the world, while supporting a range of corporate social responsibility initiatives, thereby ensuring that energy developments translate into tangible opportunities for the local communities in which they operate.

    your business operates.

    As such, Beall's decades-long career justifies his achievement of the Mohammed S.

    Barkindo Lifetime Achievement Award,” states NJ Ayuk, CEO of the African Energy Chamber (AEC).

    Beall represents one of five industry leaders to win the Mohammed S.

    Barkindo Lifetime Achievement Award at the 2022 African Energy Awards.

    Selected by an esteemed panel of judges from global energy intelligence firm, Rystad Energy, and the Council An advisor to AEC, Beall's success in the global oil and gas market has positioned him as an ideal winner of this high-profile award.

  •   Energy major bp has been named the winner of the Environmental Social and Governance ESG Leader of the Year Award at the 2022 edition of the African Energy Awards held during the African Energy Week AEW https AECWeek com conference and exhibition Africa s premier event for the energy sector which took place from 18 to 21 October 2022 in Cape Town Shortlisted by a panel of judges that includes representatives from energy market intelligence firm Rystad Energy and the African Energy Chamber AEC Advisory Council bp s selection as ESG Leader of the Year is based on bp s continued commitment to the company to protect and promote both the environment and the local communities where the company operates while ensuring fair and safe energy operations At a time when climate change continues to have unprecedented impacts on African economies and livelihoods and the African continent is experiencing rapid growth in energy demand as the population expands and industrialization accelerates bp continues to play an important role in expanding energy security and access through its renewed climate friendly approach to resource maximization and monetization To remain competitive and help Africa achieve its development goals bp has prioritized both environmental sustainability and optimal development and exploitation of the region s 620 trillion cubic foot gas reserves by leading a series of liquefied natural gas LNG throughout the continent Through its large scale LNG investments such as BirAllah in Mauritania Yakaar Teranga in Senegal and the development of Greater Tortue Ahmeyim off the coast of Senegal and Mauritania bp continues to drive sustainable development in Africa thanks to LNG The largest has not only demonstrated its ESG commitments in Africa through accelerating clean energy projects such as LNG in the renewable energy industry the largest has emerged as one of Africa s leading market drivers through a series of investment and project development associations in Angola Senegal Mozambique South Africa Algeria Egypt and Mauritania Focused on diversifying its energy portfolio through the expansion of renewable energies bp has committed itself to the energy transition as well as its environmental footprint Meanwhile despite the number of energy projects currently underway by the big energy company bp has also prioritized local content and skills development investing heavily in the empowerment of women and youth as well as in various corporate and social projects thus ensuring that the communities in which the company operates benefit from energy developments As such the major has become a leader in the corporate social responsibility space The company s achievements across the ESG spectrum have not only positioned bp at the forefront of Africa s energy future a future in which environmental and social protection form the backbone of energy expansion and development but also have set a benchmark for other operators throughout the oil industry and gas landscape in Africa Therefore the energy company has been selected as the ESG leader of the year at the largest energy conference on the African continent bp s selection as ESG Leader of the Year is a testament to the company s continued commitment to Africa s energy and economic future By placing ESG at the heart of all its operations bp has become a pioneer in the African oil and gas sector demonstrating the role and value that ESG policy placement has and continues to play in energy developments both in Africa as worldwide In the age of climate change and energy poverty ESG will play an increasingly important role and companies like bp will set an example for other operators in the oil and gas sector said NJ Ayuk CEO of the African Chamber of Commerce Energy
    bp Wins Environmental, Social and Governance (ESG) Leader of the Year Award at African Energy Week (AEW) 2022
      Energy major bp has been named the winner of the Environmental Social and Governance ESG Leader of the Year Award at the 2022 edition of the African Energy Awards held during the African Energy Week AEW https AECWeek com conference and exhibition Africa s premier event for the energy sector which took place from 18 to 21 October 2022 in Cape Town Shortlisted by a panel of judges that includes representatives from energy market intelligence firm Rystad Energy and the African Energy Chamber AEC Advisory Council bp s selection as ESG Leader of the Year is based on bp s continued commitment to the company to protect and promote both the environment and the local communities where the company operates while ensuring fair and safe energy operations At a time when climate change continues to have unprecedented impacts on African economies and livelihoods and the African continent is experiencing rapid growth in energy demand as the population expands and industrialization accelerates bp continues to play an important role in expanding energy security and access through its renewed climate friendly approach to resource maximization and monetization To remain competitive and help Africa achieve its development goals bp has prioritized both environmental sustainability and optimal development and exploitation of the region s 620 trillion cubic foot gas reserves by leading a series of liquefied natural gas LNG throughout the continent Through its large scale LNG investments such as BirAllah in Mauritania Yakaar Teranga in Senegal and the development of Greater Tortue Ahmeyim off the coast of Senegal and Mauritania bp continues to drive sustainable development in Africa thanks to LNG The largest has not only demonstrated its ESG commitments in Africa through accelerating clean energy projects such as LNG in the renewable energy industry the largest has emerged as one of Africa s leading market drivers through a series of investment and project development associations in Angola Senegal Mozambique South Africa Algeria Egypt and Mauritania Focused on diversifying its energy portfolio through the expansion of renewable energies bp has committed itself to the energy transition as well as its environmental footprint Meanwhile despite the number of energy projects currently underway by the big energy company bp has also prioritized local content and skills development investing heavily in the empowerment of women and youth as well as in various corporate and social projects thus ensuring that the communities in which the company operates benefit from energy developments As such the major has become a leader in the corporate social responsibility space The company s achievements across the ESG spectrum have not only positioned bp at the forefront of Africa s energy future a future in which environmental and social protection form the backbone of energy expansion and development but also have set a benchmark for other operators throughout the oil industry and gas landscape in Africa Therefore the energy company has been selected as the ESG leader of the year at the largest energy conference on the African continent bp s selection as ESG Leader of the Year is a testament to the company s continued commitment to Africa s energy and economic future By placing ESG at the heart of all its operations bp has become a pioneer in the African oil and gas sector demonstrating the role and value that ESG policy placement has and continues to play in energy developments both in Africa as worldwide In the age of climate change and energy poverty ESG will play an increasingly important role and companies like bp will set an example for other operators in the oil and gas sector said NJ Ayuk CEO of the African Chamber of Commerce Energy
    bp Wins Environmental, Social and Governance (ESG) Leader of the Year Award at African Energy Week (AEW) 2022
    Africa1 month ago

    bp Wins Environmental, Social and Governance (ESG) Leader of the Year Award at African Energy Week (AEW) 2022

    Energy major, bp, has been named the winner of the Environmental, Social and Governance (ESG) Leader of the Year Award at the 2022 edition of the African Energy Awards held during the African Energy Week (AEW) (https://AECWeek .com/) conference and exhibition: Africa's premier event for the energy sector which took place from 18 to 21 October 2022 in Cape Town. Shortlisted by a panel of judges that includes representatives from energy market intelligence firm Rystad Energy and the African Energy Chamber (AEC) Advisory Council, bp's selection as ESG Leader of the Year is based on bp's continued commitment to the company to protect and promote both the environment and the local communities where the company operates, while ensuring fair and safe energy operations.

    At a time when climate change continues to have unprecedented impacts on African economies and livelihoods, and the African continent is experiencing rapid growth in energy demand as the population expands and industrialization accelerates, bp continues to play an important role in expanding energy security and access through its renewed climate-friendly approach to resource maximization and monetization.

    To remain competitive and help Africa achieve its development goals, bp has prioritized both environmental sustainability and optimal development and exploitation of the region's 620 trillion cubic foot gas reserves by leading a series of liquefied natural gas (LNG) throughout the continent.

    .

    Through its large-scale LNG investments, such as BirAllah in Mauritania; Yakaar-Teranga in Senegal; and the development of Greater Tortue Ahmeyim off the coast of Senegal and Mauritania, bp continues to drive sustainable development in Africa thanks to LNG.

    The largest has not only demonstrated its ESG commitments in Africa through accelerating clean energy projects such as LNG, in the renewable energy industry, the largest has emerged as one of Africa's leading market drivers through a series of investment and project development associations in Angola, Senegal, Mozambique, South Africa, Algeria, Egypt and Mauritania.

    Focused on diversifying its energy portfolio through the expansion of renewable energies, bp has committed itself to the energy transition, as well as its environmental footprint.

    Meanwhile, despite the number of energy projects currently underway by the big energy company, bp has also prioritized local content and skills development, investing heavily in the empowerment of women and youth, as well as in various corporate and social projects, thus ensuring that the communities in which the company operates benefit from energy developments.

    As such, the major has become a leader in the corporate social responsibility space.

    The company's achievements across the ESG spectrum have not only positioned bp at the forefront of Africa's energy future - a future in which environmental and social protection form the backbone of energy expansion and development - but also have set a benchmark for other operators throughout the oil industry.

    and gas landscape in Africa.

    Therefore, the energy company has been selected as the ESG leader of the year at the largest energy conference on the African continent.

    “bp's selection as ESG Leader of the Year is a testament to the company's continued commitment to Africa's energy and economic future.

    By placing ESG at the heart of all its operations, bp has become a pioneer in the African oil and gas sector, demonstrating the role and value that ESG policy placement has and continues to play in energy developments both in Africa as worldwide.

    In the age of climate change and energy poverty, ESG will play an increasingly important role and companies like bp will set an example for other operators in the oil and gas sector,” said NJ Ayuk, CEO of the African Chamber of Commerce.

    Energy.

  •   Bruno Jean Richard Itoua Minister of Hydrocarbons of the Republic of the Congo and President of the Organization of Petroleum Exporting Countries OPEC for 2022 was one of the five recipients of the Mohammad S Barkindo Lifetime Achievement Award at the 2022 edition of the African Energy Awards which took place during the African Energy Week AEW https www AECWeek com from October 18 to 21 in Cape Town The Mohammad S Barkindo Lifetime Achievement Award recognizes the companies organizations projects and individuals that shape the success of Africa s energy market and the selection of Bruno Jean Richard Itoua by a panel of judges including representatives from Rystad Energy a leading global energy market research company and the African Energy Chamber AEC Advisory Council as one of the 2022 winners is a strong testament to the Minister s dedication and exceptional achievements in driving the growth of Congo s energy market ensuring global energy security and economic expansion throughout the African continent in support of optimal development and exploitation of oil and gas resources As Minister of Hydrocarbons of the Republic of the Congo HE Bruno Jean Richard Itoua has pushed for the maximization of the industry through the enactment of a series of political reforms and upstream midstream and downstream expansion campaigns such as the Gas Master Plan as well as local content and capacity development programs aimed at promoting the entire hydrocarbon sector of the Central African country for the growth of gross domestic product and energy security As a result the Congo is poised to be one of the next countries to join the list of African liquefied natural gas LNG producers through massive LNG developments such as the Litchendjili Gas Project currently underway and in development transition of the country not only towards a clean region energy power but in a global gas center Prior to his current role as Minister of Hydrocarbons Bruno Jean Richard Itou served as General Director of the National Petroleum Company of the Congo Soci t Nationale des P troles du Congo and Hydrocarbons Mines Energy and Hydraulics Advisor to President Denis Sassou Nguesso where he led significant achievements in promoting the exploration production and monetization of hydrocarbons in the Congo As President of OPEC the Minister continues to demonstrate his commitment to ensuring global energy security oil and gas market stability and that energy poverty is history across the African continent by 2030 Under the leadership of Bruno Jean Richard Itoua the oil producing countries and OPEC members have maximized in 2022 the resilience of the market in the face of industry challenges including the energy transition the war between Russia and Ukraine and the negative impacts of the COVID 19 pandemic 19 in the global economy The Minister is campaigning strongly for a pan African energy transition and unity among African policymakers energy companies investors and market players to accelerate the development and adoption of local policies and solutions to address the local challenges if Africa wants to get ahead with 600 million inhabitants out of energy poverty while providing 900 million with access to clean cooking The Chamber fully agrees with and supports the selection of Bruno Jean Richard Itoua as one of the recipients of the Mohammed S Barkindo Lifetime Achievement Award at AEW 2022 Due to his dedication the Congolese oil and gas industry and Africa is what it is This day With the continent looking to maximize the exploitation of its vast hydrocarbon resources leaders such as Bruno Jean Richard Itous will be crucial in driving next generation market expansion said NJ Ayuk CEO of AEC
    Bruno Jean-Richard Itoua, Minister of Hydrocarbons, Republic of Congo Honored with Mohammed S. Barkindo Lifetime Achievement Award at African Energy Week (AEW) 2022
      Bruno Jean Richard Itoua Minister of Hydrocarbons of the Republic of the Congo and President of the Organization of Petroleum Exporting Countries OPEC for 2022 was one of the five recipients of the Mohammad S Barkindo Lifetime Achievement Award at the 2022 edition of the African Energy Awards which took place during the African Energy Week AEW https www AECWeek com from October 18 to 21 in Cape Town The Mohammad S Barkindo Lifetime Achievement Award recognizes the companies organizations projects and individuals that shape the success of Africa s energy market and the selection of Bruno Jean Richard Itoua by a panel of judges including representatives from Rystad Energy a leading global energy market research company and the African Energy Chamber AEC Advisory Council as one of the 2022 winners is a strong testament to the Minister s dedication and exceptional achievements in driving the growth of Congo s energy market ensuring global energy security and economic expansion throughout the African continent in support of optimal development and exploitation of oil and gas resources As Minister of Hydrocarbons of the Republic of the Congo HE Bruno Jean Richard Itoua has pushed for the maximization of the industry through the enactment of a series of political reforms and upstream midstream and downstream expansion campaigns such as the Gas Master Plan as well as local content and capacity development programs aimed at promoting the entire hydrocarbon sector of the Central African country for the growth of gross domestic product and energy security As a result the Congo is poised to be one of the next countries to join the list of African liquefied natural gas LNG producers through massive LNG developments such as the Litchendjili Gas Project currently underway and in development transition of the country not only towards a clean region energy power but in a global gas center Prior to his current role as Minister of Hydrocarbons Bruno Jean Richard Itou served as General Director of the National Petroleum Company of the Congo Soci t Nationale des P troles du Congo and Hydrocarbons Mines Energy and Hydraulics Advisor to President Denis Sassou Nguesso where he led significant achievements in promoting the exploration production and monetization of hydrocarbons in the Congo As President of OPEC the Minister continues to demonstrate his commitment to ensuring global energy security oil and gas market stability and that energy poverty is history across the African continent by 2030 Under the leadership of Bruno Jean Richard Itoua the oil producing countries and OPEC members have maximized in 2022 the resilience of the market in the face of industry challenges including the energy transition the war between Russia and Ukraine and the negative impacts of the COVID 19 pandemic 19 in the global economy The Minister is campaigning strongly for a pan African energy transition and unity among African policymakers energy companies investors and market players to accelerate the development and adoption of local policies and solutions to address the local challenges if Africa wants to get ahead with 600 million inhabitants out of energy poverty while providing 900 million with access to clean cooking The Chamber fully agrees with and supports the selection of Bruno Jean Richard Itoua as one of the recipients of the Mohammed S Barkindo Lifetime Achievement Award at AEW 2022 Due to his dedication the Congolese oil and gas industry and Africa is what it is This day With the continent looking to maximize the exploitation of its vast hydrocarbon resources leaders such as Bruno Jean Richard Itous will be crucial in driving next generation market expansion said NJ Ayuk CEO of AEC
    Bruno Jean-Richard Itoua, Minister of Hydrocarbons, Republic of Congo Honored with Mohammed S. Barkindo Lifetime Achievement Award at African Energy Week (AEW) 2022
    Africa1 month ago

    Bruno Jean-Richard Itoua, Minister of Hydrocarbons, Republic of Congo Honored with Mohammed S. Barkindo Lifetime Achievement Award at African Energy Week (AEW) 2022

    Bruno Jean Richard Itoua, Minister of Hydrocarbons of the Republic of the Congo and President of the Organization of Petroleum Exporting Countries (OPEC) for 2022, was one of the five recipients of the Mohammad S.

    Barkindo Lifetime Achievement Award at the 2022 edition of the African Energy Awards.

    , which took place during the African Energy Week (AEW) (https://www.AECWeek.com/) from October 18 to 21 in Cape Town. The Mohammad S.

    Barkindo Lifetime Achievement Award recognizes the companies, organizations, projects and individuals that shape the success of Africa's energy market and the selection of Bruno Jean-Richard Itoua by a panel of judges, including representatives from Rystad Energy, a leading global energy market research company.

    and the African Energy Chamber (AEC) Advisory Council, as one of the 2022 winners, is a strong testament to the Minister's dedication and exceptional achievements in driving the growth of Congo's energy market, ensuring global energy security and economic expansion throughout the African continent in support of optimal development and exploitation of oil and gas resources.

    As Minister of Hydrocarbons of the Republic of the Congo, HE Bruno Jean-Richard Itoua has pushed for the maximization of the industry through the enactment of a series of political reforms and upstream, midstream and downstream expansion campaigns, such as the Gas Master Plan , as well as local content.

    and capacity development programs aimed at promoting the entire hydrocarbon sector of the Central African country for the growth of gross domestic product and energy security.

    As a result, the Congo is poised to be one of the next countries to join the list of African liquefied natural gas (LNG) producers through massive LNG developments, such as the Litchendjili Gas Project, currently underway and in development.

    transition of the country not only towards a clean region.

    energy power but in a global gas center.

    Prior to his current role as Minister of Hydrocarbons, Bruno Jean Richard Itou served as General Director of the National Petroleum Company of the Congo, Société Nationale des Pétroles du Congo and Hydrocarbons, Mines, Energy and Hydraulics Advisor to President Denis Sassou Nguesso, where he led significant achievements in promoting the exploration, production and monetization of hydrocarbons in the Congo.

    As President of OPEC, the Minister continues to demonstrate his commitment to ensuring global energy security, oil and gas market stability and that energy poverty is history across the African continent by 2030.

    Under the leadership of Bruno Jean- Richard Itoua, the oil-producing countries and OPEC members have maximized in 2022 the resilience of the market in the face of industry challenges, including the energy transition, the war between Russia and Ukraine and the negative impacts of the COVID-19 pandemic.

    19 in the global economy.

    The Minister is campaigning strongly for a pan-African energy transition and unity among African policymakers, energy companies, investors and market players to accelerate the development and adoption of local policies and solutions to address the local challenges if Africa wants to get ahead with 600 million inhabitants.

    out of energy poverty while providing 900 million with access to clean cooking.

    “The Chamber fully agrees with and supports the selection of Bruno Jean-Richard Itoua as one of the recipients of the Mohammed S.

    Barkindo Lifetime Achievement Award at AEW 2022.

    Due to his dedication, the Congolese oil and gas industry and Africa is what it is.

    This day.

    With the continent looking to maximize the exploitation of its vast hydrocarbon resources, leaders such as Bruno Jean-Richard Itous will be crucial in driving next-generation market expansion,” said NJ Ayuk, CEO of AEC.

  •   SOMOIL the largest and first privately owned 100 Angolan capital company operating in the oil and gas sector in Angola has an ambitious growth plan that will see the company improve its competitiveness while doubling investment and production Speaking at the premier energy event for the African oil and gas sector African Energy Week www AECWeek com 2022 SOMOIL CEO Edson dos Santos made clear the company s development agenda providing information about SOMOIL s growth plan in 2022 and beyond For its part SOMOIL has already made significant progress towards expanding Angola s oil and gas sector with the company representing the largest private oil company in Angola operating three blocks that have the capacity to produce up to 50 000 barrels per day bpd As a partner in blocks 3 05 3 05A 4 05 and 17 05 and with a workforce of 270 employees SOMOIL has been instrumental in opening up the sector to both international partners and local communities Now the company is focused on further expanding its presence with an ambitious growth plan and goals of improving environmental social and corporate responsibility increase production in all three blocks and drive profitable growth in the company s portfolio while increasing human resource development through training and skills transfer As such dos Santos emphasized that SOMOIL is committed not only to accelerating the company s production and profitability but also to ensuring that developments in the energy sector translate into tangible and viable opportunities for local communities Meanwhile despite the company s ambitious oil and gas targets SOMOIL is focused on increasing Reserve Replacement Rate RRR distribution as well as its renewable energy portfolio thus ensuring profitable growth that is aligns with climate change policies and emission reduction strategies On the RRR front SOMOIL is acquiring a 20 interest from TotalEnergies in Block 14 as well as an 8 25 and 10 interest in Block 18 and Block 31 respectively Meanwhile the company is working on creating between 25 and 40 gas stations as well as investing between 27 million and 44 million over the next five years in the retail space On the renewable energy front SOMOIL has prioritized rural electrification as well as off grid opportunities and social responsibility In order for the company to make these growth objectives a reality SOMOIL has launched a sustainable growth plan that includes a change of government for which the company has created a public affairs and compliance area and is improving internal processes and hiring align and receive greater support from the government through improvements in contractual terms and conditions and is offering strong financials that are expected to become even stronger in 2022 As such the foundations being laid for a path of growth and profitability are in place to bring the company to the capital markets By 2030 SOMOIL is committed to increasing production to 80 000 bpd consolidating itself as an international player in mature fields and deepwater operations and ensuring that the company becomes a driving force behind the energy transition in Angola For Africa s largest oil producer SOMOIL s growth agenda promises a new era of exploration and production as well as investments in clean energy while for SOMOIL the opportunity to become a global energy player
    SOMOIL announces an ambitious growth plan at the African Energy Week 2022
      SOMOIL the largest and first privately owned 100 Angolan capital company operating in the oil and gas sector in Angola has an ambitious growth plan that will see the company improve its competitiveness while doubling investment and production Speaking at the premier energy event for the African oil and gas sector African Energy Week www AECWeek com 2022 SOMOIL CEO Edson dos Santos made clear the company s development agenda providing information about SOMOIL s growth plan in 2022 and beyond For its part SOMOIL has already made significant progress towards expanding Angola s oil and gas sector with the company representing the largest private oil company in Angola operating three blocks that have the capacity to produce up to 50 000 barrels per day bpd As a partner in blocks 3 05 3 05A 4 05 and 17 05 and with a workforce of 270 employees SOMOIL has been instrumental in opening up the sector to both international partners and local communities Now the company is focused on further expanding its presence with an ambitious growth plan and goals of improving environmental social and corporate responsibility increase production in all three blocks and drive profitable growth in the company s portfolio while increasing human resource development through training and skills transfer As such dos Santos emphasized that SOMOIL is committed not only to accelerating the company s production and profitability but also to ensuring that developments in the energy sector translate into tangible and viable opportunities for local communities Meanwhile despite the company s ambitious oil and gas targets SOMOIL is focused on increasing Reserve Replacement Rate RRR distribution as well as its renewable energy portfolio thus ensuring profitable growth that is aligns with climate change policies and emission reduction strategies On the RRR front SOMOIL is acquiring a 20 interest from TotalEnergies in Block 14 as well as an 8 25 and 10 interest in Block 18 and Block 31 respectively Meanwhile the company is working on creating between 25 and 40 gas stations as well as investing between 27 million and 44 million over the next five years in the retail space On the renewable energy front SOMOIL has prioritized rural electrification as well as off grid opportunities and social responsibility In order for the company to make these growth objectives a reality SOMOIL has launched a sustainable growth plan that includes a change of government for which the company has created a public affairs and compliance area and is improving internal processes and hiring align and receive greater support from the government through improvements in contractual terms and conditions and is offering strong financials that are expected to become even stronger in 2022 As such the foundations being laid for a path of growth and profitability are in place to bring the company to the capital markets By 2030 SOMOIL is committed to increasing production to 80 000 bpd consolidating itself as an international player in mature fields and deepwater operations and ensuring that the company becomes a driving force behind the energy transition in Angola For Africa s largest oil producer SOMOIL s growth agenda promises a new era of exploration and production as well as investments in clean energy while for SOMOIL the opportunity to become a global energy player
    SOMOIL announces an ambitious growth plan at the African Energy Week 2022
    Africa1 month ago

    SOMOIL announces an ambitious growth plan at the African Energy Week 2022

    SOMOIL, the largest and first privately owned 100% Angolan capital company operating in the oil and gas sector in Angola, has an ambitious growth plan that will see the company improve its competitiveness while doubling investment and production.

    Speaking at the premier energy event for the African oil and gas sector, African Energy Week (www.AECWeek.com) 2022, SOMOIL CEO Edson dos Santos made clear the company's development agenda, providing information about SOMOIL's growth plan in 2022 and beyond.

    .

    For its part, SOMOIL has already made significant progress towards expanding Angola's oil and gas sector, with the company representing the largest private oil company in Angola, operating three blocks that have the capacity to produce up to 50,000 barrels per day.

    (bpd).

    As a partner in blocks 3.05, 3.05A, 4.05 and 17.05, and with a workforce of 270 employees, SOMOIL has been instrumental in opening up the sector to both international partners and local communities.

    Now, the company is focused on further expanding its presence with an ambitious growth plan and goals of improving environmental, social and corporate responsibility; increase production in all three blocks and drive profitable growth in the company's portfolio; while increasing human resource development through training and skills transfer.

    As such, dos Santos emphasized that SOMOIL is committed not only to accelerating the company's production and profitability, but also to ensuring that developments in the energy sector translate into tangible and viable opportunities for local communities.

    Meanwhile, despite the company's ambitious oil and gas targets, SOMOIL is focused on increasing Reserve Replacement Rate (RRR) distribution, as well as its renewable energy portfolio, thus ensuring profitable growth that is aligns with climate change policies and emission reduction strategies.

    On the RRR front, SOMOIL is acquiring a 20% interest from TotalEnergies in Block 14, as well as an 8.25% and 10% interest in Block 18 and Block 31, respectively.

    Meanwhile, the company is working on creating between 25 and 40 gas stations, as well as investing between $27 million and $44 million over the next five years in the retail space.

    On the renewable energy front, SOMOIL has prioritized rural electrification, as well as off-grid opportunities and social responsibility.

    In order for the company to make these growth objectives a reality, SOMOIL has launched a sustainable growth plan that includes a change of government, for which the company has created a public affairs and compliance area and is improving internal processes and hiring; align and receive greater support from the government through improvements in contractual terms and conditions; and is offering strong financials that are expected to become even stronger in 2022.

    As such, the foundations being laid for a path of growth and profitability are in place to bring the company to the capital markets.

    By 2030, SOMOIL is committed to increasing production to 80,000 bpd, consolidating itself as an international player in mature fields and deepwater operations; and ensuring that the company becomes a driving force behind the energy transition in Angola.

    For Africa's largest oil producer, SOMOIL's growth agenda promises a new era of exploration and production, as well as investments in clean energy, while for SOMOIL, the opportunity to become a global energy player.

  •   With the next COP27 scheduled to be held in Africa and under a different scenario from previous editions oil gas and nuclear energy have returned to the scene as crucial for global energy security and to ensure stable economic growth a ministerial panel discussion during the African Energy Week AEW www AECWeek com 2022 emphasized the need for a unified message regarding the energy transition one that will be carried from AEW in Cape Town to COP27 in Egypt Moderated by Mohamed Fouad Founder and CEO Egypt Oil Gas high level speakers included HE Gabriel Mbaga Obiang Lima Minister of Mines and Hydrocarbons Equatorial Guinea HE Sophie Gladima Minister of Oil and Energy Senegal HE Mahamane Sani Mahamadou Minister Niger Ministry of Petroleum NJ Ayuk Executive Chairman African Chamber of Energy and Bro Matthew Opoku Prempeh Minister Ministry of Energy Resources Ghana To kick off the session HE Tarek El Molla Minister of Petroleum and Mineral Resources of Egypt made a keynote presentation stating that this year COP27 represents an opportunity to articulate Africa s priorities to reduce emissions access to adequate financing and address climate impacts We cannot deny that oil and gas represent an essential resource globally and will continue to be part of the energy mix in the long term Our goal is to provide these resources more responsibly I am optimistic about Egyptian and African efforts to collaborate on a just energy transition in Africa From then on the panel discussion got off to an electric start with speakers emphasizing the need to face COP27 with common positions on what the energy transition should look like for the continent in the near future in order to improve cooperation and investment intracontinental with the aim of eliminating energy poverty During the discussion an idea was given of whether a just African energy transition can be compatible with a global energy transition and whether or not the continent will be able to speak with one voice at COP27 All oil and gas ministers in Africa finally speak with the same voice It will be very important if we have a united voice We have worked with the APPO and the AU and the parties that go to Egypt In Egypt they will hear loud and clear our position on the energy transition and regarding energy security those are our priorities affirmed HE Minister Lima adding that We should be talking about energy security Once we achieve this then we should start talking about the energy transition Expanding on what HE Minister Lima shared HE Minister Gladima affirmed that I think that during this week we have extensively discussed the future of Africa The main issue on which we all agree is financing Funding has been cut and although we have a gas to electricity strategy funding continues to be cut This planet has given us natural resources and we have to exploit them But we need to exploit them responsibly and make sure we don t make the same mistakes that others have made in the past Let s use our oil and gas and have the opportunity to grow The energy ministers must go and convince the environment ministers We need to decide together and find a way that is for the good of Africa Meanwhile panelists discussed what priorities need to be set for the continent and what a victory in Egypt would look like for Africa I don t want to talk in terms of victory but in terms of responsibility and rights I will be an irresponsible leader if I sell my country on the altar of energy transition without talking about the importance of energy security or energy access or without talking about energy affordability The energy ministers have been meeting building and developing consensus We must not allow ourselves to be divided between environment and development said HE Minister Prempeh adding that we are going to the COP to tell everyone of our responsibility as leaders First to the people who elected us and whom we have accepted to govern If we talk about the energy transition we will talk about using what God has given us to use We will continue to exploit our reserves for the socioeconomic development of the country From then on the conversation turned to the role and position of international oil companies IOCs with HE Minister Mahamadou stating When it comes to IOCs in the same way that African countries and ministers have to remain united and speak with one voice the COIs have to unite us to that single narrative that we share When it comes to Niger we have three active IOCs so we are working closely with them to ensure that the full potential of oil and gas is exploited adding that When it comes to the environment in Niger 80 of the population lives in rural areas They depend on biomass and have to do damage to the environment The way we proceed is that we give them access to a clean kitchen and we avoid harming the environment Finally the need for a consolidated message was further emphasized with Ayuk stating that Drill baby drill that should be Africa s message to the world If you want to solve energy poverty gas baby gas Europe wants to call gas green it has always been green If it is green gas for Europe why is it not for Africa We can do better by toning down the rhetoric that power producers are evil or bad people We need to go to COP27 supporting our energy producers We should not apologize for our energy sector That is the message we must carry
    African Energy Week 2022 drives discussion on energy transition from Cape to Cairo
      With the next COP27 scheduled to be held in Africa and under a different scenario from previous editions oil gas and nuclear energy have returned to the scene as crucial for global energy security and to ensure stable economic growth a ministerial panel discussion during the African Energy Week AEW www AECWeek com 2022 emphasized the need for a unified message regarding the energy transition one that will be carried from AEW in Cape Town to COP27 in Egypt Moderated by Mohamed Fouad Founder and CEO Egypt Oil Gas high level speakers included HE Gabriel Mbaga Obiang Lima Minister of Mines and Hydrocarbons Equatorial Guinea HE Sophie Gladima Minister of Oil and Energy Senegal HE Mahamane Sani Mahamadou Minister Niger Ministry of Petroleum NJ Ayuk Executive Chairman African Chamber of Energy and Bro Matthew Opoku Prempeh Minister Ministry of Energy Resources Ghana To kick off the session HE Tarek El Molla Minister of Petroleum and Mineral Resources of Egypt made a keynote presentation stating that this year COP27 represents an opportunity to articulate Africa s priorities to reduce emissions access to adequate financing and address climate impacts We cannot deny that oil and gas represent an essential resource globally and will continue to be part of the energy mix in the long term Our goal is to provide these resources more responsibly I am optimistic about Egyptian and African efforts to collaborate on a just energy transition in Africa From then on the panel discussion got off to an electric start with speakers emphasizing the need to face COP27 with common positions on what the energy transition should look like for the continent in the near future in order to improve cooperation and investment intracontinental with the aim of eliminating energy poverty During the discussion an idea was given of whether a just African energy transition can be compatible with a global energy transition and whether or not the continent will be able to speak with one voice at COP27 All oil and gas ministers in Africa finally speak with the same voice It will be very important if we have a united voice We have worked with the APPO and the AU and the parties that go to Egypt In Egypt they will hear loud and clear our position on the energy transition and regarding energy security those are our priorities affirmed HE Minister Lima adding that We should be talking about energy security Once we achieve this then we should start talking about the energy transition Expanding on what HE Minister Lima shared HE Minister Gladima affirmed that I think that during this week we have extensively discussed the future of Africa The main issue on which we all agree is financing Funding has been cut and although we have a gas to electricity strategy funding continues to be cut This planet has given us natural resources and we have to exploit them But we need to exploit them responsibly and make sure we don t make the same mistakes that others have made in the past Let s use our oil and gas and have the opportunity to grow The energy ministers must go and convince the environment ministers We need to decide together and find a way that is for the good of Africa Meanwhile panelists discussed what priorities need to be set for the continent and what a victory in Egypt would look like for Africa I don t want to talk in terms of victory but in terms of responsibility and rights I will be an irresponsible leader if I sell my country on the altar of energy transition without talking about the importance of energy security or energy access or without talking about energy affordability The energy ministers have been meeting building and developing consensus We must not allow ourselves to be divided between environment and development said HE Minister Prempeh adding that we are going to the COP to tell everyone of our responsibility as leaders First to the people who elected us and whom we have accepted to govern If we talk about the energy transition we will talk about using what God has given us to use We will continue to exploit our reserves for the socioeconomic development of the country From then on the conversation turned to the role and position of international oil companies IOCs with HE Minister Mahamadou stating When it comes to IOCs in the same way that African countries and ministers have to remain united and speak with one voice the COIs have to unite us to that single narrative that we share When it comes to Niger we have three active IOCs so we are working closely with them to ensure that the full potential of oil and gas is exploited adding that When it comes to the environment in Niger 80 of the population lives in rural areas They depend on biomass and have to do damage to the environment The way we proceed is that we give them access to a clean kitchen and we avoid harming the environment Finally the need for a consolidated message was further emphasized with Ayuk stating that Drill baby drill that should be Africa s message to the world If you want to solve energy poverty gas baby gas Europe wants to call gas green it has always been green If it is green gas for Europe why is it not for Africa We can do better by toning down the rhetoric that power producers are evil or bad people We need to go to COP27 supporting our energy producers We should not apologize for our energy sector That is the message we must carry
    African Energy Week 2022 drives discussion on energy transition from Cape to Cairo
    Africa2 months ago

    African Energy Week 2022 drives discussion on energy transition from Cape to Cairo

    With the next COP27 scheduled to be held in Africa and under a different scenario from previous editions: oil, gas and nuclear energy have returned to the scene as crucial for global energy security and to ensure stable economic growth: a ministerial panel discussion during the African Energy Week (AEW) (www.AECWeek.com) 2022 emphasized the need for a unified message regarding the energy transition, one that will be carried from AEW in Cape Town to COP27 in Egypt.

    Moderated by Mohamed Fouad, Founder and CEO, Egypt Oil & Gas, high-level speakers included HE Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons, Equatorial Guinea; HE Sophie Gladima, Minister of Oil and Energy, Senegal; HE Mahamane Sani Mahamadou, Minister, Niger Ministry of Petroleum; NJ Ayuk, Executive Chairman, African Chamber of Energy; and Bro. Matthew Opoku Prempeh, Minister, Ministry of Energy Resources, Ghana.

    To kick off the session, HE Tarek El-Molla, Minister of Petroleum and Mineral Resources of Egypt, made a keynote presentation, stating that “this year, COP27 represents an opportunity to articulate Africa's priorities to reduce emissions, access to adequate financing and address climate impacts.

    .

    We cannot deny that oil and gas represent an essential resource globally and will continue to be part of the energy mix in the long term.

    Our goal is to provide these resources more responsibly.

    I am optimistic about Egyptian and African efforts to collaborate on a just energy transition in Africa.” From then on, the panel discussion got off to an electric start, with speakers emphasizing the need to face COP27 with common positions on what the energy transition should look like for the continent in the near future in order to improve cooperation and investment.

    intracontinental with the aim of eliminating energy poverty.

    During the discussion, an idea was given of whether a just African energy transition can be compatible with a global energy transition and whether or not the continent will be able to speak with one voice at COP27.

    “All oil and gas ministers in Africa finally speak with the same voice.

    It will be very important if we have a united voice.

    We have worked with the APPO and the AU and the parties that go to Egypt.

    In Egypt, they will hear loud and clear our position on the energy transition and regarding energy security, those are our priorities”, affirmed HE Minister Lima, adding that “We should be talking about energy security.

    Once we achieve this, then we should start talking about the energy transition."

    Expanding on what HE Minister Lima shared, HE Minister Gladima affirmed that, “I think that during this week we have extensively discussed the future of Africa.

    The main issue on which we all agree is financing.

    Funding has been cut and although we have a gas-to-electricity strategy, funding continues to be cut.

    This planet has given us natural resources and we have to exploit them.

    But we need to exploit them responsibly and make sure we don't make the same mistakes that others have made in the past.

    Let's use our oil and gas and have the opportunity to grow.

    The energy ministers must go and convince the environment ministers.

    We need to decide together and find a way that is for the good of Africa.” Meanwhile, panelists discussed what priorities need to be set for the continent and what a victory in Egypt would look like for Africa.

    “I don't want to talk in terms of victory, but in terms of responsibility and rights.

    I will be an irresponsible leader if I sell my country on the altar of energy transition without talking about the importance of energy security or energy access or without talking about energy affordability.

    The energy ministers have been meeting, building and developing consensus.

    We must not allow ourselves to be divided between environment and development”, said HE Minister Prempeh, adding that “we are going to the COP to tell everyone of our responsibility as leaders.

    First, to the people who elected us and whom we have accepted to govern.

    If we talk about the energy transition, we will talk about using what God has given us to use.

    We will continue to exploit our reserves for the socioeconomic development of the country."

    From then on, the conversation turned to the role and position of international oil companies (IOCs), with HE Minister Mahamadou stating: “When it comes to IOCs, in the same way that African countries and ministers have to remain united and speak with one voice, the COIs have to unite us to that single narrative that we share.

    When it comes to Niger, we have three active IOCs, so we are working closely with them to ensure that the full potential of oil and gas is exploited,” adding that, “When it comes to the environment, in Niger, 80% of the population lives in rural areas.

    They depend on biomass and have to do damage to the environment.

    The way we proceed is that we give them access to a clean kitchen and we avoid harming the environment.” Finally, the need for a consolidated message was further emphasized, with Ayuk stating that, “Drill baby drill – that should be Africa's message to the world.

    If you want to solve energy poverty, gas baby gas.

    Europe wants to call gas green: it has always been green.

    If it is green gas for Europe, why is it not for Africa?

    We can do better by toning down the rhetoric that power producers are evil or bad people.

    We need to go to COP27, supporting our energy producers.

    We should not apologize for our energy sector.

    That is the message we must carry.”

  •   With National Oil Companies NOCs ramping up asset acquisitions as International Oil Companies IOCs divest from African oil and gas an African Energy Week AEW 2022 panel discussion https www AECWeek com on A Return to African Hands Pragmatic local content Africa content and assets transfer explored the readiness of NOCs to develop such assets Moderated by Kwame Baah Nuakoh General Manager Ghana National Petroleum Corporation speakers included Yemi Adetunji Downstream Group Executive Director Nigerian National Petroleum Corporation Ltd Robin Sutherland President and CEO of Baobab Energy Africa Ejike Egbuagu CEO Founder Coin Invest Africa Tony Paul Advisor to the African Development Bank Dr James Edet President of the Nigerian Association of Petroleum Explorers NAPE Jacinto Owono Director Local Content Ministry of Mines and Hydrocarbons Equatorial Guinea and Ing Fuad Mosa General Supervisor of Local Content Risk and Crisis Management Ministry of Energy of Saudi Arabia As long term concessions come to an end in some of Africa s most established hydrocarbon producers and large companies begin to divest these assets speakers explored whether or not African companies and technical staff are ready to capitalize on the opportunities still present in these assets and the role local content plays in upskilling the workforce Kicking off the discussions Sutherland stated that We can see big companies starting to talk about their energy transition and now focusing on carbon emissions and leaving behind the expected fruit where local African companies can make a significant living This is a natural move and we are helping starting as the operator in charge of getting the financing and then gradually helping him acquire the remaining skills he needed to take over the operation with us as a strong partner Expanding on this natural evolution Dr Edet stated that a lot of experience is leaving the industry So who takes charge NAPE participates in all kinds of discussions about training and business raising many young people We need to change the way we educate our students and youth Training and education are key According to Ing Mosa The issue of local content and ensuring energy is key To secure energy sustainably you need to think about local content You must first understand your value position Our leaders thought long term about leveraging our value position Based on this we have established the right incentives to create demand Local content starts by creating demand Focusing on Nigeria Adetunji emphasized that the country s downstream sector is 100 Nigerian We have had the benefit of a long period of development Development has moved through the COIs and we have gained a lot of experience in this time Even when the big ones were in the country Nigeria had 60 of these operations so it was easy for us to take them on Now with IOCs leaving the shallows to focus on deep offshore basins the Nigerians are ready to take charge of this Meanwhile Paul stated that he has admired what Nigeria has done adding that the level of projects allows you to invest in capacity First you have the ability to oversee it the regulator and then you have the projects and capacity building Ghana has done something similar and is going ahead with setting up a regulator but it has a small population with many projects The level of implementation is significantly based on the market base Regulatory frameworks provide clarity and consistency but you need someone to oversee and enforce them Turning to Equatorial Guinea Owono said When we started exploring we didn t want to invent the wheel We sit down and plan the trip with people who have done it before In this way we were able to implement our local content framework Now we foster partnerships and create joint ventures with companies that have experience We feel that sooner or later we will take our destiny into our own hands With international oil companies moving forward with divestment strategies prioritizing renewable projects over oil and gas African NOCs and independents are rising to the challenge with speakers providing insights on financing and the organization pushing local content in Africa According to Egbuagu We are facing the possibility of running out of funding but we still need to develop So we need to think about how to channel African funds to African projects In order to scale and fulfill the interests that we have together we need to recognize Africa as a bloc and be able to gather demand and then consider funding as a bloc We have coined the term African content and we want African countries to embrace it We want to see Nigerian companies operating in Namibia creating skills and transfer programs We created Moneda to be a bridge between banking and execution
    Exploring pragmatic local content and asset transfer in Africa at African Energy Week (AEW) 2022
      With National Oil Companies NOCs ramping up asset acquisitions as International Oil Companies IOCs divest from African oil and gas an African Energy Week AEW 2022 panel discussion https www AECWeek com on A Return to African Hands Pragmatic local content Africa content and assets transfer explored the readiness of NOCs to develop such assets Moderated by Kwame Baah Nuakoh General Manager Ghana National Petroleum Corporation speakers included Yemi Adetunji Downstream Group Executive Director Nigerian National Petroleum Corporation Ltd Robin Sutherland President and CEO of Baobab Energy Africa Ejike Egbuagu CEO Founder Coin Invest Africa Tony Paul Advisor to the African Development Bank Dr James Edet President of the Nigerian Association of Petroleum Explorers NAPE Jacinto Owono Director Local Content Ministry of Mines and Hydrocarbons Equatorial Guinea and Ing Fuad Mosa General Supervisor of Local Content Risk and Crisis Management Ministry of Energy of Saudi Arabia As long term concessions come to an end in some of Africa s most established hydrocarbon producers and large companies begin to divest these assets speakers explored whether or not African companies and technical staff are ready to capitalize on the opportunities still present in these assets and the role local content plays in upskilling the workforce Kicking off the discussions Sutherland stated that We can see big companies starting to talk about their energy transition and now focusing on carbon emissions and leaving behind the expected fruit where local African companies can make a significant living This is a natural move and we are helping starting as the operator in charge of getting the financing and then gradually helping him acquire the remaining skills he needed to take over the operation with us as a strong partner Expanding on this natural evolution Dr Edet stated that a lot of experience is leaving the industry So who takes charge NAPE participates in all kinds of discussions about training and business raising many young people We need to change the way we educate our students and youth Training and education are key According to Ing Mosa The issue of local content and ensuring energy is key To secure energy sustainably you need to think about local content You must first understand your value position Our leaders thought long term about leveraging our value position Based on this we have established the right incentives to create demand Local content starts by creating demand Focusing on Nigeria Adetunji emphasized that the country s downstream sector is 100 Nigerian We have had the benefit of a long period of development Development has moved through the COIs and we have gained a lot of experience in this time Even when the big ones were in the country Nigeria had 60 of these operations so it was easy for us to take them on Now with IOCs leaving the shallows to focus on deep offshore basins the Nigerians are ready to take charge of this Meanwhile Paul stated that he has admired what Nigeria has done adding that the level of projects allows you to invest in capacity First you have the ability to oversee it the regulator and then you have the projects and capacity building Ghana has done something similar and is going ahead with setting up a regulator but it has a small population with many projects The level of implementation is significantly based on the market base Regulatory frameworks provide clarity and consistency but you need someone to oversee and enforce them Turning to Equatorial Guinea Owono said When we started exploring we didn t want to invent the wheel We sit down and plan the trip with people who have done it before In this way we were able to implement our local content framework Now we foster partnerships and create joint ventures with companies that have experience We feel that sooner or later we will take our destiny into our own hands With international oil companies moving forward with divestment strategies prioritizing renewable projects over oil and gas African NOCs and independents are rising to the challenge with speakers providing insights on financing and the organization pushing local content in Africa According to Egbuagu We are facing the possibility of running out of funding but we still need to develop So we need to think about how to channel African funds to African projects In order to scale and fulfill the interests that we have together we need to recognize Africa as a bloc and be able to gather demand and then consider funding as a bloc We have coined the term African content and we want African countries to embrace it We want to see Nigerian companies operating in Namibia creating skills and transfer programs We created Moneda to be a bridge between banking and execution
    Exploring pragmatic local content and asset transfer in Africa at African Energy Week (AEW) 2022
    Africa2 months ago

    Exploring pragmatic local content and asset transfer in Africa at African Energy Week (AEW) 2022

    With National Oil Companies (NOCs) ramping up asset acquisitions as International Oil Companies (IOCs) divest from African oil and gas, an African Energy Week (AEW) 2022 panel discussion (https://www.

    .AECWeek.com/) on 'A Return to African Hands: Pragmatic local content, Africa content and assets transfer' explored the readiness of NOCs to develop such assets.

    Moderated by Kwame Baah-Nuakoh, General Manager, Ghana National Petroleum Corporation, speakers included Yemi Adetunji, Downstream Group Executive Director, Nigerian National Petroleum Corporation Ltd; Robin Sutherland, President and CEO of Baobab Energy Africa; Ejike Egbuagu, CEO/Founder, Coin Invest Africa; Tony Paul, Advisor to the African Development Bank; Dr. James Edet, President of the Nigerian Association of Petroleum Explorers (NAPE); Jacinto Owono, Director - Local Content, Ministry of Mines and Hydrocarbons, Equatorial Guinea; and Ing. Fuad Mosa, General Supervisor of Local Content, Risk and Crisis Management, Ministry of Energy of Saudi Arabia.

    As long-term concessions come to an end in some of Africa's most established hydrocarbon producers, and large companies begin to divest these assets, speakers explored whether or not African companies and technical staff are ready to capitalize on the opportunities still present in these assets, and the role local content plays in upskilling the workforce.

    Kicking off the discussions, Sutherland stated that, “We can see big companies starting to talk about their energy transition, and now focusing on carbon emissions and leaving behind the expected fruit where local African companies can make a significant living.” .

    This is a natural move and we are helping, starting as the operator in charge of getting the financing and then gradually helping him acquire the remaining skills he needed to take over the operation with us as a strong partner.” Expanding on this natural evolution, Dr. Edet stated that “a lot of experience is leaving the industry.

    So who takes charge?

    NAPE participates in all kinds of discussions about training and business, raising many young people.

    We need to change the way we educate our students and youth.

    Training and education are key.

    According to Ing. Mosa, “The issue of local content and ensuring energy is key.

    To secure energy sustainably, you need to think about local content.

    You must first understand your value position.

    Our leaders thought long term about leveraging our value position.

    Based on this, we have established the right incentives to create demand.

    Local content starts by creating demand.” Focusing on Nigeria, Adetunji emphasized that “the country's downstream sector is 100% Nigerian.

    We have had the benefit of a long period of development.

    Development has moved through the COIs and we have gained a lot of experience in this time.

    Even when the big ones were in the country, Nigeria had 60% of these operations, so it was easy for us to take them on.

    Now, with IOCs leaving the shallows to focus on deep offshore basins, the Nigerians are ready to take charge of this.” Meanwhile, Paul stated that he has “admired what Nigeria has done”, adding that “the level of projects allows you to invest in capacity.

    First, you have the ability to oversee it: the regulator, and then you have the projects and capacity building.

    Ghana has done something similar and is going ahead with setting up a regulator, but it has a small population with many projects.

    The level of implementation is significantly based on the market base.

    Regulatory frameworks provide clarity and consistency, but you need someone to oversee and enforce them.” Turning to Equatorial Guinea, Owono said: “When we started exploring, we didn't want to invent the wheel.

    We sit down and plan the trip with people who have done it before.

    In this way, we were able to implement our local content framework.

    Now, we foster partnerships and create joint ventures with companies that have experience.

    We feel that sooner or later we will take our destiny into our own hands.” With international oil companies moving forward with divestment strategies, prioritizing renewable projects over oil and gas, African NOCs and independents are rising to the challenge, with speakers providing insights on financing and the organization pushing local content in Africa.

    According to Egbuagu, “We are facing the possibility of running out of funding, but we still need to develop.

    So we need to think about how to channel African funds to African projects.

    In order to scale and fulfill the interests that we have together, we need to recognize Africa as a bloc and be able to gather demand and then consider funding as a bloc.

    We have coined the term 'African content' and we want African countries to embrace it.

    We want to see Nigerian companies operating in Namibia, creating skills and transfer programs.

    We created Moneda to be a bridge between banking and execution”.

  •   During a panel discussion held at the African Energy Week AEW 2022 conference https AECWeek com energy industry executives have insisted that environmental social and governance ESG issues do not imply the decarbonization and the use of renewable energies just energy but it is essential for the sustainable development and exploitation of Africa s vast hydrocarbon resources to address energy security socio economic development goals and environmental sustainability Entitled How ESG has become the driving force in the energy sector the panel discussion was moderated by James Carter Partner DLA Piper UK and included Jorian Hamster Senior Associate DLA Piper Festus Kapembe ESG Manager ReconAfrica Michiel Coenraads Partner DLA Piper UK Julien Perez VP Strategy and Policy OGCI and Liesl Esau HSE EC Lead bp Southern Africa as speakers According to Hamster ESG is not just decarbonization it s not just renewables By focusing only on decarbonization we are missing the meaning importance and benefits of ESG to maximize energy developments ensure energy security and transfer the benefits associated with resource exploitation to local communities and economies Today we are seeing global investors simply signing deals when they see renewables and backing down when it comes to hydrocarbons yet even in massive renewables developments ESG is not being prioritized Speaking about how ESG is shaping energy market trends Coenraads stated What we are seeing is a huge shift of capital from fossil fuels to renewables The focus on ESG projects is approximately 600 billion and on non ESG projects at 400 billion Banks are moving away from carbon chain investments and many internationals have committed to net zero which means it s hard for the majors to fund infrastructure to get oil out of the ground because they need to decarbonize so they are now diversifying assets Shell for example has been told to cut emissions by 45 by 2030 Commenting on the increasing exits of large companies in some of Africa s hydrocarbon rich basins by prioritizing ESG goals set in home countries Hamster added that the risks don t mean you have to diversify you have to work together with all stakeholders including governments and develop mechanisms to work around maximizing both ESG and energy developments P rez added that with companies prioritizing ESG there will be a continued increase in investments in renewable energy and in electrification but if gas investments and new baseload power capacity additions stop it will cause a major crisis in the energy system He said We should continue to invest in fossil fuels while also using new technologies like drones analytics of data and satellites to track the environmental impacts of these projects We need to develop and employ Read innovative decarbonization mechanisms and strategies in our oil and gas projects Global gamers need to be guided on what ESG means The panel also explored what Africa as a continent needs to gain from the upcoming COP 27 summit in Egypt Hamster said There is something circular about these COP summits especially around climate finance and commitments remain unfulfilled There must be practical solutions and implementation not just promises The African voice on ESG energy transition and environmental issues must be heard and included in global frameworks According to Kapembe In addition to maximizing commitment and budgets on environmental and social spending African business and leaders must raise questions about what is affecting the African population at COP 27 To the extent that we can explore the energies renewables we must make use of the resources available in large quantities on the continent The African team needs to have a united African voice and commitments that can help us sustain developments that address environmental and socio economic development goals Africa has a lot to contribute to address the global energy transition but it needs to be heard P rez added that It seems that Europe and the West speak to each other and do not listen to the whole world If we don t solve ESG climate change and energy poverty together we are all going to lose In terms of ESG Africa has much to gain from accelerating investments and developments in renewable energy as well as the implementation of smart technologies For climate activists the fossil fuel industry is not a threat and for the fossil fuel sector ESG is not a challenge but a business opportunity Esau highlighted the need to implement campaigns aimed at increasing ESG awareness throughout the energy value chain by policymakers energy producers retailers carriers and consumers
    Industry executives insist environmental, social and governance (ESG) issues are not just decarbonization or renewables during African Energy Week (AEW) 2022 discussion
      During a panel discussion held at the African Energy Week AEW 2022 conference https AECWeek com energy industry executives have insisted that environmental social and governance ESG issues do not imply the decarbonization and the use of renewable energies just energy but it is essential for the sustainable development and exploitation of Africa s vast hydrocarbon resources to address energy security socio economic development goals and environmental sustainability Entitled How ESG has become the driving force in the energy sector the panel discussion was moderated by James Carter Partner DLA Piper UK and included Jorian Hamster Senior Associate DLA Piper Festus Kapembe ESG Manager ReconAfrica Michiel Coenraads Partner DLA Piper UK Julien Perez VP Strategy and Policy OGCI and Liesl Esau HSE EC Lead bp Southern Africa as speakers According to Hamster ESG is not just decarbonization it s not just renewables By focusing only on decarbonization we are missing the meaning importance and benefits of ESG to maximize energy developments ensure energy security and transfer the benefits associated with resource exploitation to local communities and economies Today we are seeing global investors simply signing deals when they see renewables and backing down when it comes to hydrocarbons yet even in massive renewables developments ESG is not being prioritized Speaking about how ESG is shaping energy market trends Coenraads stated What we are seeing is a huge shift of capital from fossil fuels to renewables The focus on ESG projects is approximately 600 billion and on non ESG projects at 400 billion Banks are moving away from carbon chain investments and many internationals have committed to net zero which means it s hard for the majors to fund infrastructure to get oil out of the ground because they need to decarbonize so they are now diversifying assets Shell for example has been told to cut emissions by 45 by 2030 Commenting on the increasing exits of large companies in some of Africa s hydrocarbon rich basins by prioritizing ESG goals set in home countries Hamster added that the risks don t mean you have to diversify you have to work together with all stakeholders including governments and develop mechanisms to work around maximizing both ESG and energy developments P rez added that with companies prioritizing ESG there will be a continued increase in investments in renewable energy and in electrification but if gas investments and new baseload power capacity additions stop it will cause a major crisis in the energy system He said We should continue to invest in fossil fuels while also using new technologies like drones analytics of data and satellites to track the environmental impacts of these projects We need to develop and employ Read innovative decarbonization mechanisms and strategies in our oil and gas projects Global gamers need to be guided on what ESG means The panel also explored what Africa as a continent needs to gain from the upcoming COP 27 summit in Egypt Hamster said There is something circular about these COP summits especially around climate finance and commitments remain unfulfilled There must be practical solutions and implementation not just promises The African voice on ESG energy transition and environmental issues must be heard and included in global frameworks According to Kapembe In addition to maximizing commitment and budgets on environmental and social spending African business and leaders must raise questions about what is affecting the African population at COP 27 To the extent that we can explore the energies renewables we must make use of the resources available in large quantities on the continent The African team needs to have a united African voice and commitments that can help us sustain developments that address environmental and socio economic development goals Africa has a lot to contribute to address the global energy transition but it needs to be heard P rez added that It seems that Europe and the West speak to each other and do not listen to the whole world If we don t solve ESG climate change and energy poverty together we are all going to lose In terms of ESG Africa has much to gain from accelerating investments and developments in renewable energy as well as the implementation of smart technologies For climate activists the fossil fuel industry is not a threat and for the fossil fuel sector ESG is not a challenge but a business opportunity Esau highlighted the need to implement campaigns aimed at increasing ESG awareness throughout the energy value chain by policymakers energy producers retailers carriers and consumers
    Industry executives insist environmental, social and governance (ESG) issues are not just decarbonization or renewables during African Energy Week (AEW) 2022 discussion
    Africa2 months ago

    Industry executives insist environmental, social and governance (ESG) issues are not just decarbonization or renewables during African Energy Week (AEW) 2022 discussion

    During a panel discussion held at the African Energy Week (AEW) 2022 conference (https://AECWeek.com/), energy industry executives have insisted that environmental, social and governance (ESG) issues do not imply the decarbonization and the use of renewable energies.

    just energy, but it is essential for the sustainable development and exploitation of Africa's vast hydrocarbon resources to address energy security, socio-economic development goals and environmental sustainability.

    Entitled; 'How ESG has become the driving force in the energy sector', the panel discussion was moderated by James Carter, Partner, DLA Piper, UK and included Jorian Hamster, Senior Associate, DLA Piper; Festus Kapembe, ESG Manager, ReconAfrica; Michiel Coenraads, Partner, DLA Piper UK; Julien Perez, VP Strategy and Policy, OGCI and Liesl Esau, HSE & EC Lead, bp Southern Africa, as speakers.

    According to Hamster, “ESG is not just decarbonization, it's not just renewables.

    By focusing only on decarbonization, we are missing the meaning, importance, and benefits of ESG to maximize energy developments, ensure energy security, and transfer the benefits associated with resource exploitation to local communities and economies.

    Today, we are seeing global investors simply signing deals when they see renewables and backing down when it comes to hydrocarbons, yet even in massive renewables developments ESG is not being prioritized.” Speaking about how ESG is shaping energy market trends, Coenraads stated: “What we are seeing is a huge shift of capital from fossil fuels to renewables.

    The focus on ESG projects is approximately $600 billion and on non-ESG projects at $400 billion.

    Banks are moving away from carbon chain investments and many internationals have committed to net zero which means it's hard for the majors to fund infrastructure to get oil out of the ground because they need to decarbonize so they are now diversifying assets .

    Shell, for example, has been told to cut emissions by 45% by 2030.” Commenting on the increasing exits of large companies in some of Africa's hydrocarbon-rich basins by prioritizing ESG goals set in home countries, Hamster added that "the risks don't mean you have to diversify, you have to work together with all stakeholders, including governments, and develop mechanisms to work around maximizing both ESG and energy developments.” Pérez added that with companies prioritizing ESG, there will be a continued increase in investments in renewable energy and in electrification.

    , but if gas investments and new baseload power capacity additions stop, it will cause a major crisis in the energy system He said: “We should continue to invest in fossil fuels while also using new technologies like drones, analytics of data and satellites to track the environmental impacts of these projects.

    We need to develop and employ Read innovative decarbonization mechanisms and strategies in our oil and gas projects.

    Global gamers need to be guided on what ESG means.” The panel also explored what Africa, as a continent, needs to gain from the upcoming COP 27 summit in Egypt.

    Hamster said: “There is something circular about these COP summits, especially around climate finance and commitments remain unfulfilled.

    There must be practical solutions and implementation, not just promises.

    The African voice on ESG, energy transition and environmental issues must be heard and included in global frameworks.” According to Kapembe, “In addition to maximizing commitment and budgets on environmental and social spending, African business and leaders must raise questions about what is affecting the African population at COP 27.

    To the extent that we can explore the energies renewables, we must make use of the resources available in large quantities on the continent.

    The African team needs to have a united African voice and commitments that can help us sustain developments that address environmental and socio-economic development goals.

    Africa has a lot to contribute to address the global energy transition, but it needs to be heard.” Pérez added that “It seems that Europe and the West speak to each other and do not listen to the whole world.

    If we don't solve ESG, climate change and energy poverty together, we are all going to lose.

    In terms of ESG, Africa has much to gain from accelerating investments and developments in renewable energy, as well as the implementation of smart technologies.

    For climate activists, the fossil fuel industry is not a threat and for the fossil fuel sector, ESG is not a challenge but a business opportunity.” Esau highlighted the need to implement campaigns aimed at increasing ESG awareness throughout the energy value chain by policymakers, energy producers, retailers, carriers and consumers.

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