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  •  No Better Time African Oil and Gas CAPEX Spending Reflects Demand Creates Opportunity By NJ Ayuk
    No Better Time: African Oil and Gas CAPEX Spending Reflects Demand, Creates Opportunity (By NJ Ayuk)
     No Better Time African Oil and Gas CAPEX Spending Reflects Demand Creates Opportunity By NJ Ayuk
    No Better Time: African Oil and Gas CAPEX Spending Reflects Demand, Creates Opportunity (By NJ Ayuk)
    Africa1 month ago

    No Better Time: African Oil and Gas CAPEX Spending Reflects Demand, Creates Opportunity (By NJ Ayuk)

    By NJ Ayuk, Executive Chairman, African Chamber of Energy (https://EnergyChamber.org/)

    In a context of continuing global economic chaos, any information that suggests stability is welcome. That is why the details on African oil and gas capex contained in the African Energy Chamber's upcoming Q2 2022 Oil and Gas Outlook Q2 report is such welcome news.

    In the short term, says the report, CAPEX will remain stable. Considering that spending across the sector has been trending upwards since hitting its lowest point in 2020, going from a low of $22.5 billion to a projected $30 billion in the first quarter of 2022, simply maintaining the status quo is an achievement.

    But, as the report suggests, the prospect of even better results looms. And not in the distant future, but in the next few years.

    From 2023 to 2025, CAPEX growth is expected to pick up sharply, eventually reaching approximately $52.7 billion. Although the terminal year figure is slightly lower than previous forecasts, it's hard to find fault when spending rises so significantly in the space of three years.

    As for what is driving the increase, the prevailing force is global demand for liquefied natural gas (LNG). LNG is rapidly replacing the energy sources that produce the most greenhouse gas (GHG) emissions, and it is worth the European Union recognizing natural gas as a "clean energy" for sustainability and investment purposes. Experts believe global demand for LNG will reach 700 million metric tons per year (mpta) by 2040, nearly double the 2022 figure and a 90% increase from 2020.

    The fact that the dramatic increase in demand coincides with the great discoveries of new gas offshore Africa points to an opportunity like never before. The moment, as they say, is in the money.

    Sub-Saharan spending drives Africa's CAPEX

    It's no surprise, then, that spending on new installations is on the rise and is likely to exceed estimates that were made a few months ago. According to the second quarter report, most of the approved projects are in the sub-Saharan region, where Mozambique and Uganda lead in terms of investment. (Neither country has been stagnant so far, of course. For example, Mozambique is currently in the final stages of Africa's first deepwater LNG project, the Coral South floating liquefied natural gas (FLNG) facility in the Basin. of Rovuma).

    Additionally, several other nations including Congo, Senegal and Mauritania have also increased their greenfield outlays as they prepare to flex their muscles in the LNG market. Two major projects will already be launched in 2022-2023: Greater Tortue Ahmeyim FLNG Phase 1, on the maritime border of Senegal and Mauritania, and the large-scale Marine XII Fast LNG facility in Congo.

    While the current market growth is uniquely timely for new producers, we cannot overlook countries that have been involved in the global natural gas/LNG trade for decades, including OPEC members Egypt, Algeria and Nigeria. . They top the list of the 10 largest producers in Africa, a group that, in the coming years, will export 50% of its gas flows internationally as LNG. Egypt, Algeria and Nigeria together are expected to account for 80% of African gas production from 2022 to 2025. (Libya, also a top 10 gas producer, will not export LNG.)

    It is also important to note that Europe has been looking at supplies from Africa as a substitute for Russian gas in the wake of that country's war against Ukraine. To facilitate transportation, plans are underway for a Nigeria-Morocco pipeline project that will supply Nigerian gas to 15 West African countries, meeting much-needed domestic demand, and then reach Spain via Morocco. The project is still in the initial engineering stage. In addition, the $13 billion Trans-Saharan Gas Pipeline, a stalled decades-old project intended to bring African gas to Europe, appears to be moving forward again. During a two-day meeting in June, Algeria, Niger and Nigeria established a working group for the project and created an entity to update the feasibility study for the pipeline. When completed, the 4,128 km pipeline will start in Nigeria and end in Algeria, where it will connect to existing pipelines reaching Europe.

    enabling environments

    There is no doubt that the world needs more investment in low-carbon solutions to reach its net-zero emissions goals. Renewables may eventually provide much of the solution, but we're not quite there yet. In the absence of a mature industry to completely replace fossil fuels, natural gas and LNG, and specifically African natural gas and LNG, are increasingly seen as a bridge to an accelerated energy transition.

    However, to play a major role in reorganizing gas supply sources, Africa also requires more investment. Participation in upstream projects is needed to exploit new finds while reducing stranded gas and infrastructure gaps throughout the value chain. The time is right for international oil companies (IOCs) to pay attention to this new competitive opportunity. And that is true even in the face of climate activists seeking to undermine African oil and gas investments.

    To improve the stakes, African nations are working to create enabling environments for IOCs based on best practices from other producing countries. Look no further than Senegal, which has reformed its regulatory framework and is facilitating international investment in its recent natural gas discoveries, for a good example.

    The government created the Committee D'Orientation Stratégique (COS PETROGAZ) to regulate the activities of the sector and guarantee both transparency and good governance. The entity operates directly under the auspices of the President of Senegal, Macky Sall. Senegal also developed a training center called the Institut National du Pétrole et du Gaz (INPG), or National Petroleum Institute. INPG's purpose is to recruit and prepare thousands of local workers, from engineers and geologists to technicians, to play a significant role in the industry. Not only is this expected to reduce reliance on expensive foreign staff, but Senegal also hopes it will spawn indigenous companies that can eventually take the lead in Senegal's energy transition.

    In addition, the country has prioritized the equitable distribution of income from its energy sector. Senegal's agenda allows the COIs to benefit from its participation, while the government earmarks a fair share of the proceeds for its own uses, including supporting current education and health care needs and investing a percentage for future generations. .

    These initiatives have already attracted additional interest from IOCs and have boosted foreign direct investment (FDI). In fact, between 2019 and 2020, the year work began on offshore oil and gas fields, FDI grew 39% to $1.5 billion.

    brighter futures

    The reality is that although we are in a strategic period where we can leverage our resources for export, we will continue to need increasing amounts of natural gas and LNG for ourselves. Despite efforts to improve Africans' access to electricity, for example, the number of our citizens living without it is growing, not shrinking, and the continent's demand for energy is only increasing. In fact, it is estimated that by 2040, Africa will need 30% more energy than today.

    We are fortunate that Africa has been endowed with vast gas resources. According to the International Energy Agency (IEA), the continent has more than 5,000 bcm of natural gas reserves that have not yet been approved for development. The IEA says those resources could provide an additional 90 bcm of gas a year by 2030. That's a lot of energy for electricity, feedstock for fertilizers and manufacturing, including domestic consumption, which currently accounts for two-thirds of the continent's output. With this, we can make energy poverty go down in history and create opportunities for women and youth.

    But that will also require investments in pipelines and gas-fired generation and processing facilities. Fortunately, today's capital spending on African oil and gas can generate revenue streams that will provide the funds to build those pipelines, processing facilities, and power plants. In essence, they are setting the stage for a brighter future, in every way.

  •  MSGBC Oil Gas amp Power Welcomes Institut National du P trole et du Gaz INPG Director General Aguibou Ba as Speaker
    MSGBC Oil, Gas & Power Welcomes Institut National du Pétrole et du Gaz (INPG) Director General Aguibou Ba as Speaker
     MSGBC Oil Gas amp Power Welcomes Institut National du P trole et du Gaz INPG Director General Aguibou Ba as Speaker
    MSGBC Oil, Gas & Power Welcomes Institut National du Pétrole et du Gaz (INPG) Director General Aguibou Ba as Speaker
    Africa1 month ago

    MSGBC Oil, Gas & Power Welcomes Institut National du Pétrole et du Gaz (INPG) Director General Aguibou Ba as Speaker

    Energy Capital & Power (ECP) (https://EnergyCapitalPower.com/) is proud to announce that Aguibou Ba, Director General of the Institut National du Pétrole et du Gaz (INPG), will attend the MSGBC Oil, Gas & Power conference ( https://bit.ly/3RtuAkL) from September 1-2, 2022, to drive the conversation around local content and capacity building while continuing to champion the role of the local workforce in the future of gas in Africa. With the MSGBC Basin seeing an influx in investor interest as large-scale energy developments take off, Ba, as an advocate for developing national expertise across the energy sector, will help redefine the future of energy in the MSGBC region, a future powered by a highly competitive local workforce.

    The INPG was established in 2017 by the Senegalese State with the mandate to develop national expertise and promote the employment of Senegalese men and women in the oil and gas sector. Following the discovery of significant oil and gas reserves in 2014 and 2016, the government moved to establish an organization to train, develop and upskill the local workforce, thus positioning Senegalese men and women at the forefront of growth. of the industry.

    INPG's mission covers two general fields: capacity building and information provision. First of all, INPG provides a world-class institution that specializes in training engineers, technicians and operators in the oil and gas professions, as well as in developing the capacities of administrations, industry and researchers on academic knowledge and industrial technique related to oil and gas. . Discoveries at Sangomar and Greater Tortue Ahmeyim (GTA), and subsequent project developments, including the transnational 15 trillion cubic foot GTA project and the 100,000 barrel per day Sangomar development project, have created significant opportunities for the force local labor force, and INPG is tasked with ensuring that Senegalese workers have the necessary skills and experience to lead these projects.

    However, INPG goes one step further, serving as the primary institution for stakeholders to obtain oil and gas-related information, while also serving as a facilitator for local content alignment. Specifically, the institution offers support for academic and technological research in the fields of oil and gas, while promoting international cooperation and partnership in the sector. As Senegal's energy sector began to expand and more international players arrived in the country, with a mandate to promote the participation of the local workforce, the government updated the local content legislation, including specific amendments that classified the types of operation and local content deliverables under Decree 2021-2049. . In particular, the reforms emphasize that goods and services that could be adequately provided by local businesses should be provided and, in case the local workforce lacks the technical and financial capacity, partnerships should be formed between the local workforce and their international counterparts. In this sense, the INPG serves to promote this type of alliances, providing information and technical training and certifications to local companies to strengthen cooperation.

    While more can be done to strengthen the local workforce, INPG has made and continues to make significant strides toward developing a capable and competitive Senegalese market. With over 16 years of engineering, training and management experience in the oil and gas industry, Ba is tasked with developing the premier training platform for the oil and gas industry and has been instrumental in his own part. to enhance human capital development globally. in a localized manner, serving as Director General of the INPG and strengthening local content and capacity building throughout Senegal. Coming to MSGBC Oil, Gas & Power 2022, the official meeting place for regional and international energy leaders and players, Ba will amplify local content discussions, promoting the role institutions like INPG play in strengthening Africa's domestic markets. .

    “Senegal aims to achieve a 50% local content ratio by 2030 and institutions like the INPG will be instrumental in making this goal a reality. By training the local workforce according to international industry standards while also enabling partnerships that prioritize the participation of local companies and players, INPG has placed local content at the center of industry growth. During the region's official energy conference, Aguibou Ba will help drive the discussion around capacity building and skills transfer, presenting a strong case for local content in MSGBC's energy future,” said Sandra Sheikh, Conference Director international ECPs.

  •  Energy Capital amp Power ECP Calls for Submissions for the Upcoming MSGBC Oil Gas amp Power Industry Awards 2022
    Energy Capital & Power (ECP) Calls for Submissions for the Upcoming MSGBC Oil, Gas & Power Industry Awards 2022
     Energy Capital amp Power ECP Calls for Submissions for the Upcoming MSGBC Oil Gas amp Power Industry Awards 2022
    Energy Capital & Power (ECP) Calls for Submissions for the Upcoming MSGBC Oil, Gas & Power Industry Awards 2022
    Africa2 months ago

    Energy Capital & Power (ECP) Calls for Submissions for the Upcoming MSGBC Oil, Gas & Power Industry Awards 2022

    Celebrating industry pioneers accelerating the growth of Africa's energy sector, Energy Capital & Power (https://EnergyCapitalPower.com), as organizer of MSGBC Oil, Gas & Power 2022 (https://bit.ly /3OC9eQk) (September 1)-2), calls on industry stakeholders to submit their entries for the distinguished MSGBC Industry Awards. The award ceremony, which will take place on the first night of the two-day conference, serves to celebrate the extraordinary achievements of the industry's leading professionals, companies and institutions in West Africa and the rest of the continent.

    The MSGBC region boasts some of the largest oil, gas and renewable resources in Africa, with a number of large-scale project developments taking off in recent years. Despite development success, the MSGBC's energy advances have served as a catalyst for further economic growth, with the expansion of the energy sector driving progress in multiple industries throughout the region.

    The first annual MSGBC Oil, Gas and Energy Industry Awards, held during last year's conference in Dakar, Senegal, celebrated the achievements made by individuals and energy companies in the energy space of the MSGBC region, with specific attention given to project success, local content and industry excellence. Presented by the Executive Chairman of the African Energy Chamber (https://EnergyChamber.org), NJ Ayuk, the awards sought to highlight the success of the region, with Mauritania commended with the Excellence and Reliability of the Energy Sector and Customer Service award. Outstanding; Guinea Bissau in the Oil & Gas Project Milestones Achieved category; and Senegal for extraordinary achievements in achieving the use of local content.

    The deadline to submit proposals for nominations is July 14, 2022. The proposal criteria include a proposal of a maximum of 800 words that motivates the person or company nominated. The MSGBC Oil, Gas & Power Industry Awards 2022 will review the latest updates, success stories and leading industry professionals and organizations driving Africa's oil, gas and power industries to formidable levels. Prize categories will include:

    The MSGBC Visibility Award The MSGBC Visibility Award honors individuals and companies that have made extraordinary efforts to highlight the immense energy potential of the region.

    The MSGBC Oil and Gas Project of the Year Award The MSGBC Oil and Gas Project of the Year Award celebrates companies that have made significant progress in developing oil and gas projects in the MSGBC region to improve socioeconomic standards of its citizens, accelerate electrification and combat energy poverty.

    MSGBC Renewable Energy Project of the Year Award This award is given to institutions or companies that have completed outstanding and innovative renewable projects in the MSGBC region.

    MSGBC Energy Start-Up Company of the Year Award This award celebrates the most dynamic start-up in the MSGBC region that has worked to deliver bold and innovative solutions to the industry's most pressing challenges.

    MSGBC Innovation Award With sustainability and the energy transition becoming the center of the conversation, this award highlights the best innovations preparing the energy industry for the future.

    Outstanding Young Professional of the Year Award: Presented by the INPG This award is given to the most promising graduate of the year from the Institut National de Pétrole et de Gaz.

    International Peer Recognition Award This award is given to individuals or institutions that have shown exceptional dedication to improving best practices throughout the energy value chain.

    Lifetime Achievement Award This award recognizes energy champions who have made outstanding efforts during their professional careers to improve the operational, ethical and managerial standards of the energy industry while ensuring the socio-economic development of African citizens.

    Please send proposals to yolisa@energycapitalpower.com.

  •  AU Chair and President of Senegal H E Macky Sall to Open MSGBC Oil Gas amp Power Conference in September 2022
    AU Chair and President of Senegal H.E. Macky Sall to Open MSGBC Oil, Gas & Power Conference in September 2022
     AU Chair and President of Senegal H E Macky Sall to Open MSGBC Oil Gas amp Power Conference in September 2022
    AU Chair and President of Senegal H.E. Macky Sall to Open MSGBC Oil, Gas & Power Conference in September 2022
    Africa3 months ago

    AU Chair and President of Senegal H.E. Macky Sall to Open MSGBC Oil, Gas & Power Conference in September 2022

    HE Macky Sall, President of the Republic of Senegal and President of the African Union (AU), will deliver the welcoming speech at the opening ceremony at the MSGBC Oil, Gas & Power Conference, organized by Energy Capital & Power (ECP) ( https:/ /EnergyCapitalPower.com), September 1-2, 2022. Representing Africa's official energy event and host to the regional community, both Senegal and their MSGBC counterparts formally invite the international community to be there while the conference analyzes investments in the region and the position of Africa. on oil, gas and renewable energies before COP 27.

    Held at the Center international de Conférences Abdou Diouf in Dakar, the conference will take place under the patronage of the Ministry of Petroleum and Energy and in partnership with the African Chamber of Energy (www.EnergyChamber.org), COS-Petrogaz, Petrosen and INPG. Hosted in Senegal, the destination for large-scale oil and gas developments, the conference focuses on the region's portfolio of major hydrocarbon and renewable projects, emphasizing the role these developments will play in meeting domestic demand and addressing global energy needs.

    With gas high on the region's agenda, this year's edition covers the theme “The Future of Natural Gas: Growth Through Strategic Investment and Policymaking”, a topic on which HE Macky Sall has been very Frank during his tenure. In his inaugural address as AU President, HE President Macky Sall called for a just energy transition that opens up the exploitation of clean hydrocarbons such as gas for industrialization, along with better access to development finance for the continent. Supported by developments such as the 15 trillion cubic foot (tcf) Greater Tortue Ahmeyim (GTA) project (https://bit.ly/3PJ3yVE) due to come online in 2023, the 20 tcf Yakaar-Teranga field development, With a final investment decision expected to be reached in 2023, as well as the introduction of numerous licensing rounds expected to boost exploration and production, the MSGBC region's domestic gas play is strong and highly attractive.

    As abundant new reserves of natural resources are discovered across the region, there has never been a more prescient time to bring leaders, industry professionals and executives together in discussions on investment and policy, decarbonization and technology. Senegal itself has a dozen offshore blocks open for lease, Mauritania has 19, Gambia has two onshore and four offshore blocks under exploration, Guinea-Bissau has recently licensed 11 offshore blocks of its own, while that Guinea-Conakry is only now entering the extractive sector. energy field with unknown reserves. In this sense, the entire MSGBC region is ready and open for business, with regional leaders inviting international companies and governments to partner, invest and sign agreements to reshape the MSGBC landscape thanks to gas.

    The MSGBC Oil, Gas & Power Conference 2022 enters this landscape in response to increased interest from international stakeholders to invest, develop and succeed in Africa, with a focus on enhancing regional partnerships and stimulating investment. There has already been some success in this area with Chancellor Olaf Scholz of Germany meeting with President Macky Sall this week, discussing a possible gas deal between the two nations. As this deal takes off, other MSGBC countries are calling for more European nations to follow suit, and MSGBC Oil, Gas & Power 2022 represents the best platform to cement such partnerships.

    Bringing together top policymakers and Senegalese Energy Minister HE Aissatou Sophie Gladima, the event will be one of the first big opportunities to re-engage and connect with investors after COP26 and ahead of COP27, where the African continent and its energy industry will be in the spotlight. The conference represents the official meeting place for stakeholders from the oil, gas and renewable energy sectors, making it the most suitable platform to discuss Africa's energy narrative ahead of COP27.

    In preparing for the COP27 conference, the region must show solidarity in its energy narrative, advocating the need to balance the transition to renewables with the volume of power generation capacity powered by oil and gas. SE Macky Sall's Emerging Senegal Plan seeks to achieve universal access to electricity by 2030, five years ahead of the SDG7 target, which requires an agile and resilient mix of renewables and gas. Accordingly, the region is inviting African companies, energy leaders and policymakers, as well as international delegations, investors and large energy companies, to attend MSGBC Oil, Gas & Power 2022, the premier platform for discussion on gas pipelines and gas sets of the MSGBC project. Gas agreements between Europe and Africa and the African energy narrative before COP27.

  •  MSGBC Oil Gas Power The Future of Gas and Investments
    MSGBC Oil Gas & Power: The Future of Gas and Investments
     MSGBC Oil Gas Power The Future of Gas and Investments
    MSGBC Oil Gas & Power: The Future of Gas and Investments
    Africa4 months ago

    MSGBC Oil Gas & Power: The Future of Gas and Investments

    The second edition of the MSGBC Oil, Gas and Power 2022 Conference and Exhibition is scheduled for September 2022 at the Center International de Conférence Abdou Diouf (CICAD). Organized by Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) and under the auspices of the Ministry of Petroleum and Energy, the meeting is sponsored by the Hon. Mr. Macky Sall, President of the Republic of Senegal, with Cos-Petrogaz, Petrosen, INPG and the African Energy Chamber (AEC) as partners. This year's edition will be held under the theme 'The future of natural gas: growth through strategic investments and policy formulation'.

    As a reminder, the MSGBC Oil, Gas & Power conference, as its abbreviation indicates, brings together the countries of the sub-region, including Mauritania, Senegal, Gambia, Guinea-Bissau and Guinea-Conakry. Major foreign investors are expected to attend this year's event, with delegations from the United States, Australia, Europe, Asia and the Middle East, as well as representatives from other African countries such as Morocco and the Ivory Coast.

    The conference comes at a time when oil and gas projects in the sub-region, including Greater Tortue Ahmeyim (GTA) and Sangomar, are experiencing very encouraging developments in a historical context where gas is seen as the energy resource of transition. The event is organized in response to the growing interest of international stakeholders in investing, developing and succeeding in Africa. Furthermore, the event also aims to strengthen regional partnerships and stimulate investment, bringing together regional and global stakeholders, introducing them to African opportunities and serving as a growth platform for the African energy sector.

    "This second edition of the MSGBC Oil, Gas & Power Summit, at a time when HE Mr. Macky Sall is at the head of the African Union, is a good opportunity for us to discuss in depth the issues of a fair and sustainable energy transition. ., adapted to the needs of Africa, for its development.We are lucky that it will be held before the COP27 summit scheduled for November 2022 in Cairo, which allows us to harmonize our positions and speak with one voice for Africa in crucial meeting," says HE Mrs. Aïssatou Sophie Gladima, Minister of Petroleum and Energy of Senegal.

    The MSGBC Oil, Gas & Power 2022 conference and exhibition will bring together the entire energy value chain in one place, making it one of the largest energy gatherings on the continent.

    "It will champion the energy future of the MSGBC countries in particular and Africa in general and will focus on investment, access to technology and regional partnerships, driving a gas-based energy transition to ensure affordable supply for all" , says NJ Ayuk, CEO of the ACS.

    With the official support of the Ministry of Petroleum and Energy, under the general theme of the future of gas and energy, the event will bring together leaders, professionals from the industry and will be a point of reference for networking and debate on related topics. with energy throughout the continent. specifically in oil, gas, renewable energy, energy transition and technology.

    The event will be one of the first great opportunities to reconnect with investors after COP26 and before COP27, where the African continent and its energy industry will be in the spotlight.

    Senegal, which hosts this annual meeting, pursues a coherent and balanced energy strategy, based on an optimized energy mix, with one of the highest renewable energy ratios in Africa (32%), backed by an ambitious strategy to convert gas into electricity and based on its own hydrocarbon resources. The region as a whole holds great promise for short- and medium-term projects throughout the energy value chain, with world-class solar and wind potential in addition to the 46 offshore blocks being promoted for gas exploration throughout the region. The first edition of the conference, held in December 2021, was attended by more than 800 delegates, more than 60 speakers and 54 media representatives, as well as emissaries from 24 countries.

    For more information: https://bit.ly/374v1Q7

  •  Shipping and Logistics Represent Valuable Opportunities for African Companies Entrepreneurs in the Energy Sector in 2022 By NJ Ayuk
    Shipping and Logistics Represent Valuable Opportunities for African Companies, Entrepreneurs in the Energy Sector in 2022 (By NJ Ayuk)
     Shipping and Logistics Represent Valuable Opportunities for African Companies Entrepreneurs in the Energy Sector in 2022 By NJ Ayuk
    Shipping and Logistics Represent Valuable Opportunities for African Companies, Entrepreneurs in the Energy Sector in 2022 (By NJ Ayuk)
    Africa8 months ago

    Shipping and Logistics Represent Valuable Opportunities for African Companies, Entrepreneurs in the Energy Sector in 2022 (By NJ Ayuk)

    The African Chamber of Energy believes that there are numerous opportunities available to African companies and entrepreneurs who are ready to explore the shipping and logistics sector.

    JOHANNESBURG, South Africa, December 24, 2021 / APO Group / -

    By NJ Ayuk, President of the African Energy Chamber (www.EnergyChamber.org)

    Like many other national oil companies (NOCs) in Africa, Ghana National Petroleum Corp. (GNPC) has served primarily as a minority partner in upstream projects. That is, it has represented the interests of the Ghanaian government in contracts with foreign investors and has raised a portion of the money obtained from those contracts, but has not led the way in exploration and development activities.

    Accra officials hope to change that. In late October, GNPC CEO Dr. Kofi Karduah Sarpong explained that his company was working to expand its stakes in two major offshore blocks because it wanted to gain the ability to develop oil and gas reserves on its own.

    "We have to develop the capacity of GNPC to become an operator," he recently told reporters. "If we do that, 15 years from now, we should grow up and be alone."

    This is an ambitious goal, and we at the African Chamber of Energy salute GNPC for its ambition. We wish Dr. Sarpong success and look forward to the day when GNPC and other African upstream operators are reaping most of the revenue generated by upstream oil and gas operations.

    But we also agree with Dr. Sarpong that this is a goal that cannot be achieved quickly. It's a long-term prospect and a steep climb that will require a lot of internal investment and capacity building.

    Nor is it a goal that all African states should try to achieve. Some countries lack the resource base to justify the establishment of an NOC with the capabilities that GNPC hopes to develop. Some countries may choose to follow a different model for the management of hydrocarbon reserves, something more similar to the strategy used by Guyana, the South American state that has chosen to allow international oil companies (IOC) to bear all exploration costs. and development rather than taking an equity stake in its offshore blocks.

    However, there are still opportunities for virtually every state in Africa to support the oil and gas business in one way or another. The African Chamber of Energy has strived to convey the message that oilfield service providers (OSPs) have an important role to play. Oilfield services are not limited to specialized, technology-intensive services such as drilling or seismic studies performed under direct contracts, but also include non-specialized, labor-intensive services such as catering and cleaning performed under subcontracts. That is why we dedicate an entire section of our Africa Energy Outlook 2022 to the demand and outlook for OSPs in the short term and during the energy transition. We want African countries, and African companies, to explore these opportunities!

    Opportunities in transportation and logistics

    One particular area in which African companies can excel is in shipping and logistics.

    On the one hand, the demand for these services is tremendous and unavoidable. Transportation and logistics operators serve as crucial links in the oil and gas supply chain, as they are responsible for moving goods, parts, equipment and workers from where they can be picked up to where they are needed.

    Some of these operators have found that oil and gas development can serve as the foundation for a successful business. Universal Africa Lines Alliance (UAL Alliance), for example, began delivering cargo to West Africa in 1973 and has now established itself as a stable provider of professional cargo handling services, focusing on project and breaker loads for the petroleum industry. and gas. The UAL Alliance moves cargo between the US Gulf of Mexico and Europe to West Africa and vice versa and also offers intra-African service on the west coast of Africa.

    UAL Alliance is an international firm, but it is also firmly rooted in Africa, serving ports in Ghana, Nigeria, Gabon, Equatorial Guinea, and Angola. In addition, it has also built the K5 Freeport & Oil Center, its own logistics and supply base in the port of Malabo in Equatorial Guinea, and in doing so has helped create additional jobs for the contractors and subcontractors who helped build the base, as well as companies that now use the base. It has also helped sustain African companies that have acted as its freight forwarders, such as Akon-Donluis in Equatorial Guinea, Action Rapide Transit (ART) in Gabon, and Logistics Support Services (Pty) Ltd in Namibia.

    Oil and gas exploration and development off the west coast of Africa has already kept the UAL Alliance busy for nearly 40 years, and the company looks to grow in the years to come. He has said he hopes to finally settle in East Africa, presumably so that he can start offering the same kinds of services and support to emerging hydrocarbon producers like Mozambique, Tanzania and Uganda.

    By doing so, you will not only explore new opportunities in the region. It will also create new opportunities: new opportunities for local freight forwarders, new opportunities for local service providers who will build, repair and maintain their delivery offices and facilities, etc.

    And the UAL Alliance is far from the only local transport and logistics company in Africa that is successful in the oil and gas sector. Many others were strongly represented at the African Energy Week in Cape Town and some signed agreements with international oil companies. Some additional examples include OML Africa Logistics, based in Nairobi, and Luba Freeport, which provides handling and transportation of oilfield equipment in East Africa; Seabird Ghana, oil and gas and maritime logistics service provider for West Africa; and Petromarine Nigeria Limited, a provider of maritime logistics services to the Nigerian oil and gas industry.

    Building the right foundation

    We are also seeing African states taking proactive steps to support successful maritime oil and gas logistics operations. Take Senegal, which is building a high-tech and operationally efficient “superport” near Ndayane, 50 kilometers southeast of Dakar. The project, called "Port of the Future", is part of the expansion of the country's energy sector, launched after the discovery of approximately 450 billion cubic meters of natural gas. In addition, Senegal is taking steps to ensure that ordinary people benefit from its growing maritime infrastructure by building local capacity. Macky Sall's Senegal Emergent Plan is specifically designed to, among other things, create opportunities for local service companies. Senegal is also fostering capacity development in maritime logistics through its National Petroleum Institute and the Dakar Business School. Aguibou Ba is the Executive Director of the Institut National du Pétrole et du Gaz (INPG), he has also implemented related programs to accelerate capacity in this area through the state institute.

    Another positive example is Mozambique, which is developing a national strategy for a blue economy that addresses, in addition to fisheries and aquaculture, the country's extractive and hydrocarbon sectors. The plan will also include a regional maritime security plan. With a plan in place, hopefully followed by policies that support local entrepreneurs and capacity building, Mozambique's OSPs will be in a strong position for success in maritime logistics.

    The African Chamber of Energy believes that there are numerous opportunities available to African companies and entrepreneurs who are willing to explore the shipping and logistics sector. Now is the time to get hold of them.

  •  MSGBC2021 Innovative Strategies for Socioeconomic Growth in the MSGBC Region
    MSGBC2021: Innovative Strategies for Socioeconomic Growth in the MSGBC Region
     MSGBC2021 Innovative Strategies for Socioeconomic Growth in the MSGBC Region
    MSGBC2021: Innovative Strategies for Socioeconomic Growth in the MSGBC Region
    Africa8 months ago

    MSGBC2021: Innovative Strategies for Socioeconomic Growth in the MSGBC Region

    Even with a nascent industry, we have already seen significant developments in the sector in Senegal, where high levels of capabilities are already available.

    DAKAR, Senegal, December 18, 2021 / APO Group / -

    Under the theme 'Innovative strategies for socio-economic growth', the second day of the MSGBC Oil, Gas & Power 2021 Conference and Exhibition, held in Dakar, Senegal, on December 17, featured a round table with speakers that included Aguibou Ba, Director General of the Institut National du Pétrole et du Gas (INPG); Mor Ndiaye Mbaye, Technical Secretariat of the National Committee for Local Content (CNSCL); Jean-Noël B. Makaya, General Director of Structures at Acier y Servicios (SAS) Senegal; and Alisdair Duncan, Country Manager in Senegal for global integrated materials and logistics management company, ASCO, and was moderated by Energy Capital & Power Field editor Miguel Artacho.

    With innovative strategies standing out as imperatives to ensure the longevity of the West African energy sector, nations within the MSGBC region have begun implementing policies to promote local content development and regional capacity building, strengthening the future of the industry.

    “Even with a nascent industry, we have already seen significant developments in the sector in Senegal, where high levels of capabilities are already available. We see this by the fact that we have two platforms operating in the country operated entirely by Senegalese, working with Fortesa. This is a great sign of growth in local capacity, ”said Serigne Mboup, president of CEL Senegal SAS.

    With the prospect of significant gas revenues promoting the implementation of regional gas-to-energy frameworks aimed at fueling the region's growing energy demand, it was highlighted as a prerequisite for countries seeking to offer the most sustainable products. to identify and avoid inefficient local content strategies. and effective ways for the industry to advance and drive socioeconomic growth. As the MSGBC region transitions into a new era of industry expansion, empowering local content development and enhancing the national natural gas market has been noted as imperative to drive investment and support energy growth.

    “Today we have developed the logistical capacity that will be able to serve the IOC in the country. Since the great discoveries of 2014, the local market has followed and grown with the needs of international companies to respond locally to world-class needs. That is what allows us today to have such a strong participation in projects like GTA and Sangomar, particularly in logistics ”, added Amadou Sakhir Gaye, CEO of Sentrak Logistics.

    During the discussion, it was noted that closing the gap between local capacity and expectations of a thriving energy industry will serve to boost the regional industry's competitiveness while providing greater opportunities for local consumers.

    “The oil and gas industry is its own world and it sets its own standards and it is the application of those standards that is particularly challenging. There has been a great focus here on promoting and creating companies that can meet those standards, both through education plans and through regulation that has helped create jobs at the many levels of specialization demanded by the industry. industry ”, highlighted Alisdair Duncan, Country Manager. , ASCO Senegal *

    In closing the session, the panel provided information on how local content policies can serve to facilitate a broader integration of women into the workforce, while also contributing to their empowerment, supporting a more inclusive era within the industry.

    “It is essential to design local content structures around a solid legal framework, based on capable and well-informed political will. We managed to develop that in the Congo, but it has become very evident that regulation alone is not enough and that regulators must make a very dedicated and empowered effort to impose those rules on private companies, promoting them to find premises. solutions where they did not exist before ”, concluded Jean-Noël B. Makaya, General Manager, SAS Senegal.

  •  Senegal calls for a fair and equitable energy transition based on natural gas
    Senegal calls for a fair and equitable energy transition based on natural gas
     Senegal calls for a fair and equitable energy transition based on natural gas
    Senegal calls for a fair and equitable energy transition based on natural gas
    Africa9 months ago

    Senegal calls for a fair and equitable energy transition based on natural gas

    Senegal is a stable country that can be seen as a hub and as an example of what can be done across Africa

    CAPE TOWN, South Africa, November 11, 2021 / APO Group / -

    Since the discovery of large amounts of oil and gas in the offshore waters of Senegal and Mauritania between 2014 and 2017, the country and the MSGBC basin as a whole are considered to be one of the major oil and gas fields. ongoing in West Africa.

    Africa's premier energy event, African Energy Week, organized a spotlight on Senegal sponsored by Technip under the theme “Positioning the MSGBC Basin at the Vanguard of Global Energy Growth”. It reflects the important role that the world-class Grande Tortue Ahmeyim (GTA) gas project, located between Senegal and Mauritania, and the Sangomar field, play in the overhaul of the oil and gas sector in sub-Saharan Africa and in the support for growth.

    These major projects should see the light of day during the period 2023-2024 and position Dakar as a strategic hub for West Africa for the oil and gas sector, and Senegal as the gateway to the MSGBC basin.

    HE the Minister of Petroleum and Energy Sophie Gladima declared: “in 2012, the Emerging Senegal Plan was launched by HE President Macky Sall, and aimed at universal access to electricity. Today, 32% of our energy production is provided by solar and wind energy. We have adopted mini-grid solutions, especially in the most remote and less populated areas, and we are working hard to achieve universal access as soon as possible and hopefully by 2025. We also want be able to export electricity to neighboring countries, and want to do the same for natural gas.

    Today, Senegal is taking a proactive approach to ensure that the huge hydrocarbon reserves discovered and the booming oil and gas sector will become a solid vehicle for the country to exponentially accelerate its ambitious development agenda. long-term socio-economic, as highlighted by HE President Macky. Sall in his Plan Senegal Emergent (PSE).

    Petrosen Exploration and Production Director Joseph Medou highlighted the close collaboration between stakeholders such as NOC and the National Institute of Oil and Gas (INPG) as one of the factors in the success of Senegal.

    “Petrosen and INPG collaborate and this is the key factor to our success and we plan to further increase this collaboration. We are also working to create a kind of innovation center that could help us in the development of renewable energies, ”he said.

    INPG Executive Director Agibou Ba stressed the continued importance of regional cooperation. “I think having this cross-border approach is the right one and we've been leading the MSGBC basin and it's something that allows for the pooling of resources and technology. Senegal is a stable country that can be seen as a hub and as an example of what can be done across Africa.

    Concluding the session, HE Sophie Gladima said that: “the development of our natural gas industry is one of our main priorities and it is important for Africa to work together and develop as others do. country. But our industrialization will not be achieved only by using renewable energies. We must ensure a fair and equitable energy transition and it is our right to develop these natural resources in Senegal.

  •  The Director General of the National Institute of Petroleum and Gas INPG is confirmed as a speaker at the 2021 MSGBC Oil Gas Power conference and exhibition
    The Director General of the National Institute of Petroleum and Gas (INPG) is confirmed as a speaker at the 2021 MSGBC Oil, Gas & Power conference and exhibition
     The Director General of the National Institute of Petroleum and Gas INPG is confirmed as a speaker at the 2021 MSGBC Oil Gas Power conference and exhibition
    The Director General of the National Institute of Petroleum and Gas (INPG) is confirmed as a speaker at the 2021 MSGBC Oil, Gas & Power conference and exhibition
    Africa9 months ago

    The Director General of the National Institute of Petroleum and Gas (INPG) is confirmed as a speaker at the 2021 MSGBC Oil, Gas & Power conference and exhibition

    We look forward to hearing his views on the oil and gas industry and the vital role the INPG plays in empowering today's youth in Senegal and abroad.

    DAKAR, Senegal, November 8, 2021 / APO Group / -

    INPG Managing Director Aghibou Ba will provide important information on the company's role in Senegal's booming energy industry; The MSGBC Oil, Gas & Power 2021 conference and exhibition will be the first of its kind in Senegal following the Covid-19 pandemic; Organized by Energy Capital & Power (EnergyCapitalPower.com) under the Patronage of HE Macky Sall, President of the Republic of Senegal and in partnership with the Ministry of Petroleum and Energy, MSGBC Oil, Gas & Power Conference and Exhibition is committed to accelerate the energy progress of the MSGBC basin.

    The Director General of the National Institute of Petroleum and Gas (INPG), Aghibou Ba has been confirmed as a speaker at the MSGBC Oil, Gas & Power 2021 conference and exhibition to be held from December 13 to 14 at the Center International de Conférence Abdou Diouf (CICAD) in Diamniadio.

    Aghibou Ba previously worked as a drilling and measurement expert in the North Sea and as head of global training centers in Dubai for the multinational Schlumberger - totaling over 10 years of experience in the company. He obtained a technical degree in electrical engineering from the École Supérieure Polytechnique de Dakar before moving to Canada where he obtained a bachelor's degree in electrical engineering and a master's degree in microelectronics from Polytechnique Montreal.

    “We are honored to welcome Aghibou Ba as a speaker at MSGBC Oil, Gas & Power. We look forward to hearing his views on the oil and gas industry and the vital role the INPG plays in empowering today's youth in Senegal and abroad by providing them with the necessary knowledge. to thrive in the region's burgeoning energy industry, ”said Sandra Jeque, ECP. Director of International Conferences.

    In response to the growing demand for renewable energy and the growing interest of international stakeholders to invest, develop and succeed in Africa, Energy Capital & Power will own the MSGBC Oil, Gas, & Power (https://bit.ly / 3CUMqFz) 2021 conference and exhibition on December 13 and 14. Focused on strengthening regional partnerships, stimulating investment and development in the oil, gas and power sectors, the conference will bring together regional international actors with African opportunities, serving as a growth oriented platform. for Africa's energy sector.

  •  Senegalese Minister of Petroleum and Energy commits to support MSGBC Oil Gas Power 2021
    Senegalese Minister of Petroleum and Energy commits to support MSGBC Oil, Gas & Power 2021
     Senegalese Minister of Petroleum and Energy commits to support MSGBC Oil Gas Power 2021
    Senegalese Minister of Petroleum and Energy commits to support MSGBC Oil, Gas & Power 2021
    Africa10 months ago

    Senegalese Minister of Petroleum and Energy commits to support MSGBC Oil, Gas & Power 2021

    Senegal will show solidarity in any effort to combat the negative impact of climate change and we support these international efforts.

    DAKAR, Senegal, October 29, 2021 / APO Group / -

    Senegal's Minister of Petroleum and Energy, HE Sophie Gladima announced her support for the next 2021 MSGBC Oil, Gas & Power, organized by Energy Capital & Power (www.EnergyCapitalPower.com), during a press conference that took place on October 26 in Dakar, Senegal.

    HE Minister Sophie Gladima noted that the stakes of the conference were particularly high because it is the first high-level conference on the energy sector to be held in Senegal since the start of the COVID-19 pandemic . Minister Gladima stressed that the event would be an economic boost for all participants and that a large number of delegations from countries in the sub-region, the IOC and NOCs would all come to Dakar to attend the conference.

    Another important aspect highlighted by HE Sophie Gladima during the press conference was that Senegal must continue to support the successful training and capacity building initiatives carried out by Senegalese institutions, in particular the INPG and the National Institute of oil and gas, as well as other programs put in place by the Ministry of Employment to better facilitate the integration of young Senegalese in the oil and gas industry, with an emphasis on local content.

    “We currently have a number of Senegalese workers who we would like to be able to participate more in the development of oil and gas exploration and production in Senegal. But often, these Senegalese nationals do not have great expertise in the oil and gas sector. At this point, it is important that Senegal builds on the experience of the many experts coming to MSGBC Oil, Gas & Power 2021, so that Senegal can learn from the experience of others. We need to make this knowledge available to our country, ”she said.

    Asked about the expected number of participants, Minister Sophie Gladima said that Senegal expects a significant number of people and companies, not only from countries in sub-Saharan Africa but also from the United States, Europe, Asia. and the Middle East, and that several hundred invitation letters had already been sent. “Remember that people love to come to Senegal and we will mobilize all our cultural assets to encourage them and can assure you that all those who wish to come to our country will receive a very warm welcome.

    Climate change

    One of the topics discussed at length during the Q&A with local media was the many challenges posed by the global fight against climate change and how to achieve a balanced energy transition.

    HE Minister Gladima declared that: “Senegal will show solidarity in any effort to combat the negative impact of climate change and we support these international efforts. But it is important to note that Africa has contributed much less to global warming than many industrialized countries, but we have still suffered the full negative impact of global warming on our economies and sectors such as agriculture. .

    Senegal has adopted a policy of replacing coal-fired power plants with natural gas, a fuel much less polluting than coal. Minister Gladima said that "converted coal-fired power stations fueled by natural gas will not only be better for the environment and will also allow Senegal to generate more affordable electricity."

    Regarding the role of countries such as Senegal in the ongoing energy transition, Minister Gladima noted that some IOCs and NOCs around the world are already planning to gradually reduce their overall dependence on energy derived from fossil fuels. , from 80% to 60%.