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Increasing exploration activities in 2022 and onwards is a top priority for African hydrocarbon producers as they seek to expand production and establish the continent as an energy hub. According to the African Energy Chamber (AEC) Q1 2022 Outlook, “The State of African Energy,” supply from legacy oil and gas fields across Africa is diminishing, resulting in a decline in production by African hydrocarbon producing countries, and creating a dire need for the increase in exploration activities. Enhancing exploration will be critical for Africa to address energy poverty and establish itself as a global energy hub. The report highlights that…
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While international oil companies gradually divest from African hydrocarbon assets, and capital expenditure is redirected towards alternative energy sources, Africa is seeing production declines across key assets. In an exclusive interview with the African Energy Chamber (AEC), Oscar Garcia Berniko, Director General for State Petroleum Companies and Petroleum Assets, Ministry of Mineral Resources and Hydrocarbons of Equatorial Guinea, discussed international oil company (IOC) divestment, gas as the ideal resource for the energy transition, and the need for a model gas/Liquefied Natural Gas (LNG) production sharing agreement. What will this production underperformance in Nigeria, Libya, Angola, Congo, Equatorial Guinea and African…
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Oil & Gas veteran Robert Onyejekwe has joined the African Energy Chamber’s Advisory Board. Robert will be working with other board members and the Johannesburg based team of the African Energy Chamber to reposition Africa in its quest to access affordable and reliable power for millions of people on the continent, the Chamber says in a statement.“Our continent, just like other regions globally is experiencing rapid change in the way energy is produced and consumed. Services companies like Schlumberger are at the core of such change and are decisive in the development of Africa’s important oil and gas sector. Robert…
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