This meeting reflects the critical and lucrative role that American companies can play in African nation-building through their respective energy industries.JOHANNESBURG, South Africa, December 13, 2021 / APO Group / -
The African-American Committee of the African Energy Chamber (AEC) (https://EnergyChamber.org/) will host an energy breakfast on Thursday, December 16, 2021 at the Army And Navy Club 901 17th St NW, Washington DC, With the participation of Hon. Puot Kang Chol, Minister of Petroleum of the Republic of South Sudan.
The Minister will discuss opportunities for US investors in South Sudan's oil, gas and energy sectors. The discussion will be led by Jude Kearney, Managing Partner, Asafo US, Dean Foreman, Economic Director of the American Petroleum Institute, Dr. Sara Vakhshouri, Founder and President of SVB Energy International, and Derek Campbell, Executive Chairman of African Metals Group. .
With South Sudan's next licensing round expected to boost exploration and production, the role of US energy companies in ensuring the growth of the country's economy is key to the development of the sector. The interaction of oil companies between the different communities of the country, the contribution of oil and gas to the society and the economy of the country, the expansion and innovation of the industry brought about by US investment and the positive role of local participation and job creation will be key aspects. touched at the event.
The Power Breakfast will allow the Minister to discuss climate change and energy poverty in South Sudan and provide updates on licenses, services and oil field developments in the country. They will also provide insight into the country's experiences with US sanctions, including the impact such restrictions have on its effort to promote greater investment in the African nation. During breakfast, there will be important discussions on restrictions on trade and business between the US and South Sudan in the energy sector, and the Minister will call for an improvement of technology and innovation to optimize and modernize a sector of vital importance in the only region of East Africa. oil producer.
"This meeting reflects the critical and lucrative role that American companies can play in African nation-building through their respective energy industries," said Mr. Kearney. (Mr. Kearney is also the former United States Assistant Secretary of Commerce for Service Industries and Trade Finance, appointed by President Bill Clinton). He added that “there are opportunities in South Sudan and Africa to advance the sustainability agenda, opportunities that can serve to solidify the continent's long-term goals of using its natural resources as a vital source of transitional energy, while also repositioning "The US as South Sudan's primary partner for energy development and maintains Africa's commitment to the energy transition."
The Power Breakfast will take place on Thursday, December 16, 2021. For more information or to RSVP to the event, please contact Amina Williams at firstname.lastname@example.org.
When we talk about geopolitics, we have to understand where energy comes from and where it is goingCAPE TOWN, South Africa, November 10, 2021 / APO Group / -
As the continent's premier energy event - hosted by Energy Capital & Power (www.EnergyCapitalPower.com) - Africa Energy Week (AEW) 2021 in Cape Town offers global and African stakeholders the opportunity to engage , to network, to facilitate transactions and to lead the continent. in a new era of improved energy and economic growth. As a result, an energy dialogue session on the geopolitics of energy in Africa aimed to address the challenges and opportunities facing the African energy industry, by proposing an integrated and cooperative approach to the expansion of the energy sector of the continent. .
Moderated by Dr Sara Vakhshouri, Founder and President of SVB Energy International, panelists were Dr Lars Schernikau; Erik Prince, Founder, Frontier Service Group; and C. Derek Campbell, Executive Chairman, African Metals Group. With Africa's rich hydrocarbon resources being a prominent topic in the global energy dialogue, speakers highlighted the role that oil and gas will continue to play in Africa.
“One of the things my platform does is focus on the emerging frontier market and keep an eye on what's going on in Africa. One of the fundamental things that we are talking about and that Americans need to understand is that this is not a place to exploit resources; but a partner in building relationships to help raise the standard of living of a world population. We have energy poverty that affects Africans who engage with the continent. Africans are starting to take a leading role in how they not only create a narrative, but begin to develop both continental and regional national and regional policies on how to properly harness their resources, ”said Campbell. .
With a focus on improving energy security across Africa, the panel provided an overview of strategies to improve security, drawing attention to and addressing the challenges faced in resource-rich basins. across the African continent.
“Money and security are essential for Africa. The challenges we've had in terms of security in terms of infrastructure support is that they see security more as a cost than an investment. It would be nice if at the political level people started to orient their thinking process and see it as an investment. We have to think of security as an insurance policy. There is commercial money that wants to enter this market, but their needs have to be the right security in place, ”Campbell continued.[processandlookatitasaninvestmentWeneedtolookatsecurityasaninsurancepolicyThereiscommercialmoneyouttherethatwantstogetintothismarketbuttheirneedstobetherightsecurityinplace”continuedCampbell[processandlookatitasaninvestmentWeneedtolookatsecurityasaninsurancepolicyThereiscommercialmoneyouttherethatwantstogetintothismarketbuttheirneedstobetherightsecurityinplace”continuedCampbell
Specifically, participants highlighted the role of the private sector in Africa, promoting alternative strategies traditionally imposed by governments to ensure security.
“As you approach the issues of organizational theft and crime, remember that the private sector can help you put out the fire and keep it at bay. Whether it is the organizational crime / theft of oil in Nigeria to Boko Haram killing people in the north, to the problems with the fall of Gaddafi. The whole region continues to suffer and the private sector can help put out this blaze. In Mozambique, I am particularly sad to see what is happening there. I can't prove it, but if I were a gambler I would say it's an insurgency. Insurgencies like this in Africa do not explode overnight, ”Prince said.
Meanwhile, the panel discussed the role of renewables in Africa's energy future, stressing that solar and wind alone cannot tackle energy poverty or meet demand enough. With renewables comprising challenges of intermittency and high costs, an integrative energy mix may well be the best method to accelerate energy security.
“When we talk about geopolitics, we have to understand where energy comes from and where it is going. When we are told to stop funding fossil fuels, we are told to stop funding 80% of our energy. Renewable technologies depend on natural resources such as wind and the energy efficiency is relatively low. A solar panel takes ten years to recover the energy from what was used to build it. To support modern society, we need a minimum return on investment of between 8 and 10, of which renewables are not. Wind and solar are limited by the amount of energy you get, there is only as much energy as there is wind. Wind and solar are not the solution and cannot be because it will lead to a shortage of energy. Wind is not even a factor because it is not as available as other resources, ”said Schernikau.