Representing Africa's premier energy event, the 2022 edition of the African Energy Week (AEW) conference and exhibition (www.AECWeek.com) aims to position African oil and gas producing countries as attractive energy investment destinations.
globally by uniting African energy stakeholders and politicians.
with global energy companies and investors to discuss investment trends and the future of African energy.
From October 18-21 at the V&A Waterfront in Cape Town, under the theme "Exploring and investing in Africa's energy future while driving an enabling environment", AEW 2022 will host a side event Invest in the Republic of Congo, where the Center The enormous oil and gas hydrocarbon potential of the African country will be shown to local, regional and international investors.
The Invest in the Republic of Congo side event will be organized by the Ministry of Hydrocarbons of the Republic of Congo and the national oil company Société Nationale des Pétroles du Congo (SNPC), in partnership with the African Energy Chamber (AEC) – the voice of the African energy sector.
Sponsored by SNPC and leading pan-African business and legal advisory group, Centurion Law Group, the Invest in the Republic of Congo side event at AEW 2022 will feature high-level discussions and networking sessions highlighting the vast opportunities in the upstream of Congo oil and gas.
, midstream and downstream, as well as its entire energy landscape.
As one of the largest producers of crude oil in Africa and a member of the Organization of Petroleum Exporting Countries, of which HE Bruno Jean-Richard Itoua, Minister of Hydrocarbons of the Republic of Congo, holds the Presidency for 2022, the country has with significant hydrocarbon reserves and investor-friendly energy policies and fiscal conditions that have paved the way for a growing number of global energy companies, such as TotalEnergies, Chevron, Perenco, Eni, Qatar Petroleum and Lukoil, to launch massive activities of exploration and production.
Now, with the Republic of the Congo seeking to attract more investment to speed up and accelerate the production and exploitation of its 1.8 billion barrels of crude oil and 284 billion cubic meters of gas reserves to meet growing energy demand on a national and global scale While fueling economic growth, the Invest in Congo event at AEW 2022 presents an opportunity for the Central African country's top decision makers and energy market players to meet and network with potential investors, discussing, negotiating and signing deals.
investment that will change the industry.
“The Republic of the Congo has witnessed impressive growth in its hydrocarbon industry, and now, with the expansion in demand for oil and gas, an opportunity has arisen for the country to attract investment and maximize production, exploitation and monetization.
”, states NJ Ayuk, the Executive Chairman of the ACS.
During the Invest in Congo side event, energy stakeholders, policymakers and investors will have the opportunity to network, discuss current and future trends in the Congo oil and gas market and forge new investment partnerships in Energy.
Ahead of Africa Oil Week (AOW) 2022 (www.Africa-OilWeek.com), Gold Sponsor SNPC shares its thoughts on natural hydrogen exploration and development in the Congo Project Assessing Hydrogen Sequestration Potential CO2 in the Congolese coastal basin Context of the Project: Fight against greenhouse gases from hydrocarbon production / promotion and valorization of renewable energies PARTNER: PGS OBJECTIVES: Decarbonization of oil production activity in the Republic of Congo With exploiting the current oil exploration/production database, highlighting the potential for CO2 sequestration in the Republic of the Congo.
This project initially consists of enhancing the value of geological deposits capable of storing CO2 to reduce greenhouse gas emissions from hydrocarbon production and to support the establishment of the blue hydrogen sector in the Republic of Congo.
The current growth of the world population requires the intensification of research on energy resources, but this must be in perfect harmony with the related recommendations in terms of sustainable development.
The Société Nationale des Pétroles du Congo is carrying out an inventory of the databases of potential energy resources found in the Congolese subsoil in order to implement a national strategy that will allow the Republic to deal with the problem of energy transition with dignity.
Among the energy resources inventoried to date, hydrogen occupies a prominent place, which, depending on its energy potential, will play a very decisive role in the energy transition.
The benefits of this include: Energy independence (electricity production and mobility) Food self-sufficiency thanks to the local integration of an ammonia and methanol (H2->NH3->UREA) fertilization chain for the development of agriculture Chain attractiveness of value thanks to an energy cost ($0.5/kg); Valuation of carbon credits.
No environmental impact Development of jobs and specialized training in the field of natural hydrogen Fortunately, the joint studies carried out by the SNPC and its partners have revealed the existence of favorable geological conditions for the genesis of natural hydrogen in the inner basin of the Congolese Cuvette.
These studies were strongly supported by the new high-resolution airborne geophysical acquisition of gravimetry, gradiogravimetry and magnetometry in an organized Multiclient modality, financed by the SNPC carried out since 2020 by CGG/Xcalibur and reinforced by the presence of surface manifestations commonly called “circles of fairies” like those found in Brazil and Russia where we noticed the presence of active dihydrogen systems.
These exciting observations led to two important actions, namely: The establishment of natural hydrogen exploration permits in the Congolese Cuvette Interior Basin, for which a permit is being granted; The implementation of a vast program by the end of 2022 to install natural hydrogen vapor geochemical sampling and measurement sensors in the Mboloko, Koba and Mbesse permits.
The implementation of this preliminary study for the acquisition of field data, with an estimation of the hydrogen content in the soils of the identified areas, will confirm the existence of hydrogen systems and evaluate the natural hydrogen potential of CONGO.
This campaign to install sensors and geochemical samples aims to arouse more enthusiasm among companies to attract investment through the organization of a bidding round scheduled for the granting of licenses in 2023.
The creation of this new Hydrogen sector in the Republic of Congo will certainly support the efforts of the government and the SNPC in terms of sustainable development and job creation, because hydrogen is positioned as a safe, clean and affordable energy to decarbonize all sectors of the global economy.
The National Oil Company (NOC) of the Republic of Congo, SNPC, will come to Cape Town to attend and participate in this year's edition of the African Energy Week (AEW) (https://www.AECWeek. com/) conference and exhibition, Africa's premier event for the oil and gas sector, taking place October 18-22, as a sponsor of diamonds.
Representing one of Africa's largest crude oil producers and a member of the Organization of the Petroleum Exporting Countries, SNPC's presence at AEW 2022 will be instrumental in shaping serious discussions on the role of vast oil and gas reserves.
yet untapped continent in socioeconomic momentum.
developments and making energy poverty history across the continent by 2030.
Since its creation in 1998, SNPC has been active in driving the energy sector of the Congo through a series of collaborations with some of the largest hydrocarbon market players in the world, including TotalEnergies, Chevron, Perenco, Eni, Qatar Petroleum and Lukoil.
As the Congo seeks to accelerate the progress of electrification through optimal exploitation of local energy resources, more needs to be done in terms of accelerating upstream, midstream and downstream developments.
In this regard, SNPC's diamond sponsor participation in AEW 2022 will help drive NOC operations towards that goal and unlock the full development of the country's oil and gas resources for energy security.
"SNPC will shape serious conversations about the role African NOCs play in driving the exploitation of the continent's oil and gas resources by providing energy access to the more than 600 million Africans currently living without access," says NJ Ayuk, CEO of the African Chamber of Energy.
Furthermore, with the Congo looking to accelerate energy monetization to fuel its Gross Domestic Product Growth, at a time when demand for African oil and gas is rising rapidly, AEW 2022 presents the best platform for SNPC to promote the potential of the Central African country to contribute to global energy security.
With SNPC's commitment to increase partnerships with foreign investors and companies to expand oil and gas exploration, production and export, following the Congo's recently signed agreement with Eni and HE Luigi Di Maio, Italian Foreign Minister for the export of more than 3 million tons of liquefied natural gas.
gas: AEW 2022 is the ideal platform for the NOC to sign new deals that will drive market growth.
As a diamond sponsor of AEW 2022, SNPC will have access to exclusive networking forums where the NOC will promote investment opportunities across the entire Congolese oil and gas value chain for regional, continental and international energy companies and investors.
Under the theme "Exploring and Investing in Africa's Energy Future While Driving an Enabling Environment", AEW 2022 will host SNPC executives in high-level discussion panels and forums focused on the role of the 125.3 billion barrels of crude oil and 620 billion cubic feet of Africa.
of gas reserves to boost industrialization and energy reliability and affordability across Africa.
Africa Oil Week (AOW) (https://Africa-OilWeek.com) is proud to announce the official sponsors of Africa Oil Week. From supermajors to innovative companies, many of the biggest names in the industry will be represented at AOW, taking place in the heart of Cape Town. Organized by Hyve Group Plc., this unmissable event will bring together key energy stakeholders from 3-7 October in Cape Town under the theme: Sustainable Growth in a Low Carbon World.
“We are very pleased by all the support for Africa Oil Week 2022,” said Paul Sinclair, vice president for energy and director of government relations for Africa Oil Week. “We are honored to have them as our partners, helping to support the critical need to bring essential business opportunities to the region.
Their support will be critical in our mission to drive sustainable growth in Africa's upstream,” added Sinclair.
Africa Oil Week sponsors include: Titanium sponsors TotalEnergies, Chevron, South African Department of Trade and Industry (DTIC), Oando, Equinor and Sasol, Platinum sponsors Central Energy Fund (CEF), ND Western, NDEP ( Niger Delta Exploration & Production), and PGS Gold sponsors Accenture, Africa Oil Corp, Amni International Petroleum, ANPG, Baker Hughes, BW Energy, Deloitte, ExxonMobil, First E&P, Fugro, Halliburton, Maersk Drilling, Mazars, NAMCOR, National OilWell Varco (NOV), Platform Petroleum, Schlumberger, Seplat Energy, Shearwater, SNPC Congo, TGS Silver sponsors Apache Corp., CGG, Eni, Freeport Saldanha (SBIDZ), Herbert Smith Freehills, MTN Group, Petroleum Agency of SA (PASA), Perenco , Richards Bay Industrial Development Zone (RBIDZ), ReconAfrica, Sahara Group, Standard Bank, Tullow Oil Bronze sponsors Aggreko, Eco Atlantic, International Clay & Mineral Co. (ICMC), MODEC, Monjasa, National Office of Hydrocarbons and Mines (On hym) Morocco, SaH Analytics Strategic partner rs INVR, McKinsey, Welligence, Wood Mackenzie, Invest Africa, Hawilti, AFREC, South Africa Oil & Gas Alliance, Farmout Finance Forum, Energia Africa, EITI, Nventures, Lean In Equity and Sustainability and Kenya Airways.
Only at Africa Oil Week, home of African Upstream, can you take advantage of new business opportunities, witness hard-hitting discussions and connect with industry peers.
Register for the event that helps drive sustainable growth in Africa's upstream.
Secure your spot today (https://Africa-OilWeek.com).
Africa Oil Week (www.Africa-OilWeek.com) is proud to announce that the Honorable Deputy for Oyo, 2nd Electoral District, of the National Oil Company of the Congo (PDG), Raoul Maixent Ominga, will attend Africa Oil Week. The Congolese citizen will attend the main Oil and Gas event, held in the heart of Cape Town. Organized by Hyve Group Plc., Africa Oil Week is the home of the African upstream, and this unmissable event will bring together the main energy stakeholders from 3 to 7 October in Cape Town under the theme: Sustainable growth in a low carbon world.
“We are excited that Mr. Ominga is attending the African Oil Week. His support for the future of the oil and gas industry and his role in the Congolese hydrocarbon industry are invaluable,” said Paul Sinclair, vice president for energy and director of government relations for Africa Oil Week. The Republic of the Congo has become the third largest oil producer in sub-Saharan Africa.
It is in urgent need of better living conditions, clean water and better sanitation, education and economic growth.
Clean gas power generation needs to expand to help, but there is also an opportunity to develop clean, persistent and environmentally sustainable geothermal power.
There are numerous oil and gas wells in this area of land in Mayombe, Western Congo, some with high geothermal gradients.
According to experts, this is a good area for geothermal exploration.
Geothermal energy could be an affordable household source of electricity to help alleviate energy poverty.
In August, Raoul Maixent Ominga and the Congo National Oil Company (SNPC), through his foundation, carried out the first phase of the project to electrify the villages along the main road.
Through this project, towns with more than 11,600 inhabitants gained access to power poles, public lighting, and wiring.
The towns of the Republic of Congo have already seen an increase in employment due to the latest installation and implementation of electricity.
“We respect the commitment of the Congolese government to expand the diversification of the energy sector and, by extension, the socio-economic growth of the Congo.
This work is exactly the stimulus that is needed to shape the future of Africa,” added Sinclair.
Register your interest now to play your part in the sustainable development of our industry and of Africa through the African upstream.
Attend the conference together with high-level delegates and more than 50 ministers and government leaders: Africa Oil Week 2022 (Africa-OilWeek.com).
The new Gas Master Plan (GMP) is designed to promote the use of gas and attract foreign direct investmentBRAZZAVILLE, Congo (Republic of), January 25, 2022/APO Group/ --
In a bid to optimize the country's gas potential and revitalize its hydrocarbon sector, the Congo has drawn up and launched, by the end of 2021, a plan to tap into its estimated 10 trillion cubic feet of natural gas reserves. The new Gas Master Plan (GMP) is designed to promote gas utilization and attract foreign direct investment, while reducing its dependence on oil revenues and expanding the country's power grid.
Developed by the Ministry of Hydrocarbons and Wood Mackenzie, guided by the Société Nationale des Pétroles du Congo (SNPC), the GMP is a roadmap for the future of Congo's natural gas for both domestic consumption and exports.
For exports in particular, the government considers small-scale floating liquefied natural gas (FLNG) to be optimal, specifying Eni's Marine XII field as a primary target for this solution. However, FLNG, particularly on a small scale, is not cheap, and changes in the country's current fiscal terms will need to catch up to make these projects viable.
Anticipating such challenges, the plan opens the door to the renegotiation of existing contracts and even suggests the establishment of an entirely new Natural Gas Policy designed to facilitate the trading of stranded and flared natural gas, calling on operators such as Eni and TotalEnergies to sit down. to the table to discuss what terms will be optimal for the development of the sector.
However, on the home front, the Congo is far more advanced than most of its neighbors, and has one of the few large-scale gas-to-power projects in the region. The Central Électrique du Congo, powered by ENI's Marine XII offshore block, currently produces almost 70% of the country's electricity and is a great example of what its power generation future can look like.
However, adjustments in pricing systems and the development of transport infrastructure will undoubtedly be needed for that future to become a reality. Ensuring fairness and competitiveness in the domestic natural gas market still poses a major hurdle for both buyers and sellers, but the plan hopes that a new price aggregator system that ensures price stability can limit those challenges.
As natural gas takes its rightful place at the center of Congo's energy future, GMP and other strategies will be in the spotlight at the first Congo International Energy Summit (CIES), taking place in Brazzaville June 15 to 17. 2022. CIES will bring together regional and international government representatives and industry leaders to discuss the future role of natural gas as a regional and continental solution to address energy poverty, among many other topics.
For more information on speakers or sponsorship opportunities at the Congo International Energy Summit, visit Cie-summit.com or contact firstname.lastname@example.org.
The Republic of the Congo and the President have championed the energy sector for years and we are honored to work with this country.BRAZZAVILLE, Congo (Republic of), January 18, 2022/APO Group/ --
On June 15, 16 and 17, The Congo International Energy Summit and Exhibition 2022, organized by Energy Capital & Power (EnergyCapitalPower.com) under the patronage of HE Denis Sassou Nguesso and the Ministry of Hydrocarbons, will represent the first international conference on Energy. event of this type held in Congo-Brazzaville; Sub-Saharan Africa's third-largest producer seeks to bolster its oil, gas and energy industries through an influx of foreign direct investment and increased regional energy diplomacy; As global investors turn to green energy investments, the African continent is embarking on an ambitious drive to harness and monetize its vast natural gas reserves, with gas-rich countries like the Republic of Congo set to become a major regional gas player and exporter. .
Energy Capital & Power (ECP) is pleased to announce the launch of the first Congo International Energy Summit and Exhibition to take place in the Republic of Congo on June 15, 16 and 17, 2022, which will position the country as a key driver of the West and Central African energy narrative. The summit will present investors with the post-COVID-19 energy transition landscape of one of Africa's most mature markets, while also opening broader discussions on the role of regional and international players in facilitating investment and maximizing the games. of African gas.
The event will showcase partnership and investment opportunities in hydrocarbon exploration, gas monetization, green energy and downstream industries across the continent, with a focus on the Republic of Congo as a key energy investment destination in the oil, gas and and energy.
Representing the third largest oil producer in Africa, with reserves estimated at 2.9 billion barrels and production of 336,000 barrels per day (bpd), the Republic of the Congo has the active participation of some of the major oil and gas companies of the world. Notable operators in the country include TotalEnergies E&P, recognized as the largest producer in the country with an estimated production of 200,000 bpd. With interests in four marine fields, including Moho-Bilondo; Nkossa/Nsoko; Sendji; and Yanga: the company is a key contributor to the success of the country's hydrocarbons. In addition, the Italian multinational Eni has been active in the country since 1968 in the exploration and production, refining, marketing and chemical sectors. The company produces in more than ten oil fields, including Nené Marine and Litchendjili (140,000 bpd), Ikalou, Awa Paloukou, M'Boundi and Kouakouala, to name a few. For its part, Perenco, one of the newest operators to enter the market, operates the Yombo, Masseko, Likoula, Emeraude and PGNF Sur fields, with an average production of 75,000 bpd. Other international oil companies driving Congo's energy expansion include Chevron Overseas Congo Ltd, with operating interests in the Lianzi Unification Zone and the Nkossa, Nsoo and Moho-Bilondo offshore fields, which produce an average of 49,000 bpd.
The Congolese government has implemented several key reforms aimed at attracting upstream investment and cementing its status as the third largest oil producer in sub-Saharan Africa. The national oil company SNPC has been at the forefront in establishing new regulatory frameworks that mitigate organizational and performance deficiencies, investing heavily in infrastructure projects that improve E&P capabilities. Leading upstream activities in the Kundji and Tilapia fields, SNPC drilled five appraisal wells in 2021, with a view to increasing production by 30,000 bpd. Meanwhile, Italian multinational Eni will bring 12 new wells online in 2022 in Phase 2A of its Nené offshore field development, increasing production by 26,000 bpd, while also carrying out exploration activities involving the construction of an additional platform. and the drilling of seven new wells.
“The Republic of Congo and the President have championed the energy sector for years and we are honored to work with this country and all stakeholders to drive investment in Congo's energy sector,” said Kelly-Ann Mealia, President of ECP. . “This push for investment and negotiation comes at a critical time in the development of the country's energy sector. The event is the official platform to communicate the direction in which the country and its leading companies are headed, in particular, attracting investment to continue exploration and increase hydrocarbon production, advance the monetization of national and regional gas, and facilitate a energy transition across the continent. Mealia concluded.
In addition to upstream exploration, the African continent is embarking on an ambitious drive to monetize its vast natural gas resources, meeting domestic gas-to-power supplies to meet Africa's electrification goals while meeting global demands for electricity. decarbonization Harnessing natural gas from Africa and meeting the domestic gas-to-energy supply is important to support industrialization across the continent. Last November, the Republic of Congo launched its Integrated Natural Gas Master Plan (GMP) at the African Energy Week 2021 in Cape Town, establishing a framework to incentivize and promote the exploitation and development of natural gas reserves. 284 billion cubic feet of the country. The Congo has the potential to become a major regional gas player and exporter, gaining energy independence and security while exporting to gas-starved regions like Europe. Furthermore, the EU's latest decision to label designated natural gas projects "green" marks a critical turning point for African gas development, with gas-rich countries such as the Republic of Congo better positioned to attract project financing. while fostering an African Green Dialogue.
The Republic of Congo also serves as a leader in regional energy diplomacy, having joined the Organization of the Petroleum Exporting Countries (OPEC) in 2018 and serving as the headquarters of the African Petroleum Producers Organization (APPO). Last September, OPEC Secretary General Mohammad Barkindo applauded Congo's renewed efforts to promote its energy industry during an official visit to Congo-Brazzaville and reaffirmed his support for HE Bruno Jean-Richard Itoua, Minister of Hydrocarbons, as OPEC president by 2022. The OPEC delegation helped solidify the country's position among leading and established oil-producing partners. In the wake of volatility in oil prices, OPEC-led coordination and unity among oil producers has proven critical, particularly for African producers who rely on crude oil exports for most of their production. their GDP and their foreign exchange earnings.
For more information on speakers or sponsorship opportunities at the Congo International Energy Summit, visit Cie-summit.com or contact email@example.com.
Barkindo is right, and it is natural that in this meeting he highlights the fundamental role of the big and well-known companies over the supporting players.JOHANNESBURG, South Africa, December 2, 2021 / APO Group / -
By NJ Ayuk, President of the African Energy Chamber (https://EnergyChamber.org/)
Oil and gas in Africa, especially in the Central African region, is just beginning to accelerate, OPEC Secretary General HE Mohammed Barkindo said at a meeting of major oil companies a few months ago, and the future is especially bright in sub-Saharan Africa.
"Since a significant part of the African population still lacks access to electricity and clean cooking solutions, the role of IOCs and national oil companies has been emphasized," he said. "The time for oil and gas in Africa is just beginning, as hydrocarbons provide the best solution for Africa's development and energy transition." He concluded.
Barkindo is right, and it is natural that at this meeting he highlights the critical role of large and well-known companies over supporting players. But we must not overlook the contributions of another sector of the industry: oil service companies (OFS) that help keep oil and gas moving forward, and drive job creation and entrepreneurship in the process.
This message was emphasized over and over again during the CEMAC Business and Energy Forum in Congo Brazzaville, a member of OPEC and a major oil producer in Africa. I had the honor of being invited by HE Bruno Itoua, Minister of Petroleum of the Congo and HE Gabriel Mbaga Obiang Lima of Equatorial Guinea.
Hearing so many companies talk about their challenges and the good work they do serving the oil and gas industry reminded me of their importance to the industry and local economies. That is why a section of the Africa Energy Outlook 2022 of the African Energy Chamber is dedicated to the OFS market and opportunities in the short term and during the energy transition. Released this month, the report covers myriad topics of interest to stakeholders navigating the oil and gas environment in Africa, from discussions of free cash flow and the effects of COVID-19 to how conversion initiatives of Gas to power can provide economic opportunities while being the lynchpin. of an Afrocentric energy transition.
Oilfield services include activities such as engineering and procurement, well construction, drilling, seismic data, subsea vessels, and much more. In fact, because of all the products and services needed to support the oil and gas industry, OFS creates jobs around the world, including in Africa. As noted by GSDRC, an association of research institutes, think tanks, and consulting organizations, when oil companies purchase goods and services from suppliers and contractors in the country (often as a result of local content mandates), it triggers an effect multiplier. These companies employ people and purchase goods and services on their own account, which ultimately has a much greater impact than direct employment. Service activities tend to be labor intensive, which means that there are many jobs to fill and most of them require only basic skills. Some service companies are not technical at all - consider companies like Kussema Lda. The Mozambican company run by Dita Mpfumo Honwana supplies uniforms, cleaning and catering services for the natural resources sector. This is the same as Alfredo Jones's Aldulco, Pablo Memba's Equatorial Resources, Equatorial Guinea's Bay Matrix or Patrocle Petridis team at SCLOG or many of SNPC's subsidiaries serving the oil and gas industry. Let's not forget the big international service companies like Schlumberger, Baker Hughes, Halliburton, Oceaneering, Frank's International, and many others. They provide many jobs to the local economy and drive growth.
All in all, jobs like these provide a springboard for additional training and even more employment.
And, as we all know, without more jobs, Africa's future is in jeopardy. Currently, unemployment is not only increasing, it is also increasing at a record rate. The African Development Bank warned before the pandemic that at the current rate, 100 million young Africans will be unemployed by 2030. It's easy to imagine how much worse things are now, and it's no wonder they responded to a survey by Forbes Job. and Djembe. Communications said the jobs were more important than eradicating corruption, health and sanitation or political stability, among other issues.
Right now, the future is a bit hopeful. Oil has reached a new record high, the oil and gas industry is coming back to life, and energy projects in Africa, particularly those associated with the growing market for liquefied natural gas (LNG), are expected to boost employment. in OFS and in the industry in general. . I think it will be great if Cameroon, Gabon, Equatorial Guinea and Congo accelerate the implementation of their gas monetization plans. There has been too much talk and I think citizens were going to see the action through implementation. The job of the African Chamber of Energy is to support and be courageous enough to hold leaders accountable.
Despite how closely linked the OFS is to the oil and gas industry, it is no wonder that their fortunes are intertwined or that 2020 was not the best year in the history of the OFS. Revenues were about half what they were in 2014, when the OFS industry was valued at $ 80 billion.
Today, however, the forecast is optimistic, according to the 2022 Africa Energy Outlook, especially as the continent recovers from pandemic turmoil and countries like Mauritania / Senegal, Mozambique and Nigeria act on their LNG aspirations. . The world needs African LNG (global demand for LNG could rise 14% by 2025 from 2020, according to Bloomberg) and to reach its full potential, African LNG will need indigenous workers to fill jobs in all facets of OFS . Equatorial Guinea, Cameroon and Congo must act quickly and resist the temptation to feel comfortable or they will be left behind. We need to leave the Big Ego and move. Getting rid of BEAC forex regulations against job cuts and energy will be a start and send the right signals to utility companies.
There is hope, particularly promising is the EPCI segment, which includes engineering, procurement, construction and installation. The 2022 Africa Energy Outlook predicts that EPCI "will grow significantly thanks to LNG project construction awards." In fact, by 2025, annual revenue should reach $ 43 billion.
These include Coral South Floating LNG (FLNG) in Mozambique and NLNGSevenPlus in Nigeria.
Mozambique's first offshore project, Coral South FLNG, uses a floating LNG plant with a capacity of 3.4 million tonnes connected to six subsea wells. All of its production is already committed to BP. NLNGSevenPlus, Train 7 of the LNG project developed by Nigeria National Petroleum Corporation (NNPC) and joint venture partners Royal Dutch Shell, ENI and Total, will add considerable capacity to Nigeria's LNG production and make it even more competitive in the global market.
In addition to these and other LNG projects, including Mozambique LNG, which is temporarily on hold as a result of nearby insurrections, onshore oil projects in Uganda are also bolstering the EPCI segment. Maintenance services are also on the rise as onshore projects in Algeria and Libya come back online.
If there is a soft market for OFS in Africa, it is drilling. That's largely due to two factors: oil price volatility and the rise of gas projects, which are less drilling-intensive.
Overall, however, OFS is benefiting from the return to post-pandemic activity. As the market continues to recover and evolve, we are likely to see OFS restructuring for long-term growth, becoming more sustainable, and diversifying to find additional opportunities in alternative energy.
That means they will create jobs for Africans in the years to come.
At the CEMAC Entrepreneurial Energy Forum in November, we will promote the role of regional companies, international investment, and progressive regulation.JOHANNESBURG, South Africa, November 24, 2021 / APO Group / -
The oil and natural gas industry is proud to support the upcoming Central African Economic and Monetary Community (CEMAC) Business Energy Forum, which will take place on November 29-30, 2021 in Congo - Brazzaville, hosted by M & L Consulting. As a meeting platform dedicated to the CEMAC sub-region, and with the primary objective of hosting interactive discussions among regional stakeholders, the conference will be critical to the growth and enhancement of the regional energy sector.
The CEMAC region, comprising six states, including Gabon, Cameroon, Central African Republic, Chad, Republic of the Congo and Equatorial Guinea, represents one of the richest regions in Africa in terms of natural resources. Home to some of the most important project developments in Africa, the region is making an accelerated effort to develop its resources in a sustainable and mutually beneficial way, and the Forum will serve to enhance this trend.
The CEMAC region is leading African energy progress, particularly in the field of liquefied natural gas (LNG). The region's LNG potential is immense, with natural gas reserves estimated at 10 trillion cubic feet (tpc) in the Congo; 1.5 trillion cubic feet in Equatorial Guinea; and 4.7 tpc in Cameroon. Much of the potential of regional states remains largely untapped, especially in countries like Cameroon. We have already seen countries pursuing accelerated LNG developments with Equatorial Guinea's Mega Hub gas project, designed to harness untapped offshore domestic gas resources and those of the region; Africa's First Floating LNG Project in Cameroon; and the Congo Gas Master Plan, which aims to maximize resources through the development of LNG. Agreements like Yoyo Yolanda must go ahead with Chevron, Etinde's projects in Cameroon must be accelerated with the New Age consortium and Lukoil. Many energy companies have chosen CEMAC to invest in ExxonMobil, EGLNG, Marathon Oil, Chevron, Total, Eni, BW Offshore, Atlas Petroleum, Kosmos Energy, Noble Energy, Glencore, Perenco, Gunvor and Trident Energy, among others.
In addition, the CEMAC region remains committed to promoting oil development, recognizing the value of the resource to boost socioeconomic growth and alleviate energy poverty. Across the region, three states are members of the Organization of the Petroleum Exporting Countries, and the Congo is the headquarters of the African Organization of Petroleum Producers. As the region pursues the expansion of the oil sector, it will be necessary to increase capital flows and improve regional cooperation. Thus, the role of the CEMAC Business Energy Forum is brought to light.
“With the right investment and support, the CEMAC region can position itself as a globally competitive oil and gas market. There are significant reserves waiting to be exploited, and by strengthening the business environment throughout the region, the potential of the region can be harnessed. In addition to the potential of natural resources, the region has some of the main energy companies in Africa. National oil companies (NOCs) such as SNPC, SNH, SHT, GEPetrol and Gabon Oil Company, with the only woman at the helm of the continent, have become key drivers of energy growth in the region. By promoting the potential of the region, the role of national companies and the value of CEMAC's resources for both Africa and the world, the Forum will be essential to boost growth, ”said Leoncio Amada Nze, regional president of the CEMAC, AEC.
Meanwhile, the importance of the conference lies in the potential for collaboration on cross-border projects due to the significant resources found at the maritime borders between nations. By strengthening regional cooperation and improving the operating environment for national and global companies, the CEMAC region can drive the growth of the energy sector. Regional leaders such as HE Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea, continue to push strongly for regional collaboration, particularly in regards to trade and cross-border initiatives. Conferences like this one will only serve to enhance these opportunities and the Energy Chamber will fully support and even finance these initiatives.
Efforts by regional leaders to promote dialogue at the regional level have already been demonstrated. The Congolese Minister of Hydrocarbons, HE Bruno Richard-Jean Itoua, for example, was responsible for the development of the African Green Dialogue, which aims to promote discussions on green energy in Africa. Launched at African Energy Week 2021 in Cape Town, the initiative marks a significant step on the path to a green energy future. We will have an African Green Energy Summit in Cape Town during African Energy Week in 2022.
However, despite the progress made, the region continues to face significant challenges that not only hamper development, but also discourage international investment. Red tape and red tape, along with a relatively low ease of doing business in the region, act as major inhibitors of progress. In particular, the foreign currency regulation adopted by regional states represents a significant obstacle to the growth of the energy sector. The regulation forces the Central Bank to restrict payments in foreign currency, which not only presents a danger to cross-border transactions, but directly deters investors due to the difficulty and time-consuming approval processes. CEMAC's Forex regulation is bad and BEAC has to stop it. It damages the energy sector and kills jobs, drives investment to other regions and makes our energy sector less competitive.
If the CEMAC region is to achieve its goals in the energy sector, expand project development, and alleviate energy poverty, significant levels of investment are needed. Therefore, the relevance of the CEMAC Energy Business Forum cannot be overstated. The conference brings together regional actors for two days of dialogue, promoting exchanges and discussions to directly address the challenges to business development.
“The AEC is proud to support the CEMAC Business Energy Forum, recognizing the Forum as a platform where we can have an honest discussion on how to improve the business and operational environment for energy companies in the region. Make no mistake, I will personally be in Brazzaville and stand up for oil and gas. Unless significant steps are taken to improve the ease of doing business, the CEMAC region will continue to experience reduced investment and slow progress. Thus, the ACS urges stakeholders to directly address barriers to entry and operational challenges within the region, establishing market-driven regulation that aims to drive progress, not hinder it. The BEAC Forex regulation is a disaster. They ruined it. At the CEMAC Entrepreneurial Energy Forum in November, we will promote the role of regional companies, international investment and progressive regulation, ”said NJ Ayuk, CEO of AEC.
We believe the fundamentals of a major shift in the natural gas sector in Sub-Saharan Africa are underwayCAPE TOWN, South Africa, November 11, 2021 / APO Group / -
The second day of African Energy Week (AEW), the largest energy event in sub-Saharan Africa, saw a panel under the theme “The Golden Age of Natural Gas in Africa”, sponsored by GE Gas Power. The panel featured strong participation from key players in the natural gas industry, including: The Hon. Cheikh Niane, Permanent Secretary for Energy, Ministry of Petroleum and Energy of the Republic of Senegal; Vladimir Ilyanin, Deputy Managing Director of International Business Development and Strategy, Gazprom EP International BV; Nosizwe Dlengezele, Regional Sales Manager, GE Gas Power; Dr. Bi-Dia-Ayo Ibata, Head of Division, Joint Ventures and Government Relations Department, Société Nationale des Pétroles du Congo (SNPC); and Marinus Niemand, Head of Strategy and Energy Optimization, Sasol.
Sub-Saharan Africa is home to some of the world's major oil-producing countries, such as Nigeria, Angola, and Equatorial Guinea. Although petroleum remains a mainstay of the global economy, in recent years natural gas has offered some of the most exciting developments and commercial discoveries. These include the massive Grande Tortue Ahmeyim gas field located in the offshore waters between Senegal and Mauritania; the giant Zhor gas field in Egypt; the $ 30 billion Lindi LNG project in Tanzania set to resume in 2022; or Saipem's $ 20 billion LNG Mozambique project, which is expected to resume next year.
These large projects, combined with the need for sub-Saharan countries to increase access to energy in order to accelerate industrialization and economic growth, have led many natural gas experts to talk about the emerging global energy sector. in a new "golden age" for the development of natural gas in Africa. There is remarkable potential for countries to use natural gas as a catalyst for growth and help reduce production costs in a wide range of industries. Countries such as Senegal and the Republic of Congo are introducing gas master plans, which put in place long-term strategies to maximize the potential of their existing or newly discovered onshore and offshore natural gas resources.
“Our hope is that gas stops being a by-product. We believe the groundwork for a major shift in the natural gas sector in sub-Saharan Africa is underway. Intra-regional cooperation within the sub-Saharan Africa region is absolutely crucial for the gas reserves in Africa to be fully developed, and significant investments are also needed for the new pipeline infrastructure, ”Ilyanin said.
“Our countries must think about financing our recent gas discoveries as they are crucial for the development of our countries as a reliable and environmentally friendly source of energy,” said the Hon. Niane. “It is necessary to reduce the high price of our electricity and to industrialize our countries. Senegal is working on a Gas Master Plan, which will be very important. Revenues from natural gas will be crucial in helping us finance the energy transition and ensure sustainable development. We cannot develop our countries using only renewable energies. We have to use our gas resources.
At AEW 2021, panelists highlighted the role of natural gas as an ideal transitional fuel, as it burns significantly cleaner than traditional fossil fuels like coal and oil, while still being able to provide energy reliably and on a large scale. As a result, there are huge opportunities to replace coal-fired and oil-fired power plants with cleaner power generation infrastructure. A number of multinationals such as GE and Sasol are partnering with African gas producing countries to ensure efficient monetization of national gas resources.
“The bottom line for us has been to focus on decarbonization, exploring what gas can do to help countries industrialize and create a more sustainable energy mix,” said Dlengezele. “Gas is the only substitute for basic electricity, which, in combination with renewable energy sources, allows us to operate a stable electricity grid. We must create an industrial economy around gas that allows local industries to develop and become more efficient, ”he added.
“We are really trying to use natural gas as the main fuel for the energy transition, not only to embrace renewables, but rather for low carbon transport, because gas is a much cleaner fuel. Gas has a huge role to play in the energy transition and in achieving the sustainable development goals of the United Nations 2030 Agenda, ”said Dr Ibata. “We use natural gas locally and we are also moving towards exporting gas by 2022. The use of natural gas in Congo helps both to implement the energy transition and to align with OPEC's position that all sources of energy, including fossil fuels like oil and natural gas, have a critical role to play.
“Gas is a very important added value element for our organization. There are many synergies in the energy mix of upstream production assets in Mozambique and assets in South Africa, where we produce synthetic fuels, wax and ammoniacal methanol in the domestic market, ”added Niemand. “We are also looking at how gas can help us navigate the energy transition, so that gas plays the rightful transition in South Africa. "
In the countries of the continent, the availability of large quantities of natural gas will have a major impact on its ability to serve as a long-term catalyst for development. By using the resource to develop energy systems, while creating synergies among sub-Saharan natural gas producers, robust and profitable electricity and natural gas markets can be established and sustained across the African continent.