Gas

Accelerating Africa’s liquefied natural gas (LNG) ambitions will depend on mobilizing risk-tolerant investment, building strong technical and commercial partnerships, and committing to local capacity-building, according to panellists at the Invest in African Energy (IAE) Forum in Paris. Speaking during a discussion on monetizing African gas sponsored by Perenco, UTM Offshore …

Despite boasting a rich and diverse mineral resource base, Uganda has lagged behind its regional peers in harnessing this economic potential. However, a series of ambitious initiatives are now underway to transform the sector and unlock the country’s vast wealth. The government’s National Development Plan IV (NDP IV) has prioritized …

With recent geopolitical events highlighting the vulnerabilities of global energy supply chains, Africa is attracting increasing attention as a reliable and promising source of oil and gas. As the world seeks to diversify its energy portfolios and ensure security of supply, investors are recognising the immense potential of Africa’s underexplored …

The launch at COP28 of the landmark Oil and Gas Decarbonization Charter (OGDC), a global industry Charter dedicated to speeding up climate action and achieving high-scale impact across the oil and gas sectors, firmly put the spotlight on the millions of tons of methane (CH4) pumped into the atmosphere during …

Issued by: Wood Mackenzie Africa is yet to see anything close to a full return on its massive oil and gas resources. With one-third of the continent – almost 500 million people – still having no access to electricity, ending energy poverty across Africa is among the planet’s most urgent …

Russia’s attack on Ukraine has given investments in Africa’s liquefied natural gas projects fresh impetus as Europe seeks to find new energy sources to starve Russia of funds to fuel the war. In  Mozambique, which has huge deposits of hydrocarbons, the government is receiving interest from companies in its latest …

The oil and gas industry faced a tough year in 2021. According to The State of African Energy this was a result of a drop in global demand, which resulted in a fall in oil prices. This led to companies cutting budgets and delaying future projects. The sharp slowdown in …

ASX-listed Woodside CEO, Meg O’Neill, has revealed that the company is looking forward to developing Pluto Train 2 in close collaboration with GIP as they bring vast global capabilities.  Woodside Energy has completed the sale of a 49% non-operating participating interest in the Pluto Train 2 joint venture (JV) to …

The past 18 months have torn through industry and sector globally, leaving behind complex layers of economic instability and financial growth uncertainty. For the oil and gas sector, these months have hit the bottom line like a hammer – as the African Energy Chamber (AEC) Africa Energy Outlook 2021 report …

Some officials believe that Uganda’s signing up to the Extractive Industries Transparency Initiative (EITI) will help the country combat the flow of illicit funds. Uganda became a member of EITI on August 12, thereby committing to making public some of the payments from its extractive industry. While addressing a multi-stakeholder …