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African Energy Chamber

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    • African Energy Week (AEW) 2024: Petrosen Targets Final Investment Decision (FID) for Yakaar-Teranga in 2025, Seeks Third-Party Partner
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Source: African Energy Chamber |

African Energy Week (AEW) 2024: Petrosen Targets Final Investment Decision (FID) for Yakaar-Teranga in 2025, Seeks Third-Party Partner

Speaking at an ‘Invest in MSGBC Energies’ session at AEW: Invest in African Energies 2024, Petrosen’s Thierno Ly announced plans to take FID for the Yakaar-Teranga project in 2025

The Yakaar-Teranga project – situated offshore Senegal – is expected to make a Final Investment Decision (FID) in 2025, with production starting between 2028 and 2029, said Petrosen Director General Thierno Ly.   Speaking at a Technip Energies-sponsored Invest in MSGBC Energies panel discussion at African Energy Week: Invest in African…

African Energy Chamber

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    • The Gambia’s Minister of Petroleum and Energy Nani Juwara
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Source: African Energy Chamber |

The Gambia’s Minister of Petroleum and Energy Joins African Energy Week (AEW) 2024 Amid Exploration Drive

The Gambia’s Minister of Petroleum and Energy Nani Juwara will participate as a speaker at African Energy Week: Invest in African Energy in Cape Town this November

On the back of major investments from multilateral finance institution the African Development Bank, The Gambia is poised to increase its electrification rate to 70% – 50% in rural areas – by the end of the year. In the wake of the country’s burgeoning energy sector, The Gambia’s Minister of…

African Energy Chamber

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    • The Gambia Inks Hydrogen Exploration Agreement during African Energy Week (AEW) 2023
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Source: African Energy Chamber |

The Gambia Inks Hydrogen Exploration Agreement during African Energy Week (AEW) 2023

#AEW2023 served as a platform for The Gambia's Ministry of Petroleum and Energy to collaborate with H2 Gambia Limited, aiming to tap into the country's onshore hydrogen potential

The Gambia’s Ministry of Petroleum and Energy, and H2 Gambia Limited – a subsidiary of HydroGenesis – have inked an agreement on hydrogen exploration in the MSGBC country. The deal was signed during the first day of the African Energy Week (AEW) at the CTICC in Cape Town. Signed by…

African Energy Chamber

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    • #AEW2023 Explores the Scale and Commercial Viability of Africa’s Oil & Gas Hotspots
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Source: African Energy Chamber |

#AEW2023 Explores the Scale and Commercial Viability of Africa’s Oil & Gas Hotspots

As the continent witnesses a rebound in high-impact drilling success rates, a panel discussion during the African Energy Week 2023 conference explored the resource potential of recent finds

A number of exploration hotspots have emerged across the continent, with major finds made across both on- and offshore basins. The rebound in high-impact drilling success rates have not only demonstrated the sizeable potential of untapped acreage but made a strong case for upstream investment in Africa. On the back…

African Energy Chamber

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    • Guinea-Conakry’s Minister of Energy, Hydropower and Hydrocarbons to Discuss Offshore Prospects, Untapped Acreage at African Energy Week (AEW) 2023
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Source: African Energy Chamber |

Guinea-Conakry’s Minister of Energy, Hydropower and Hydrocarbons to Discuss Offshore Prospects, Untapped Acreage at African Energy Week (AEW) 2023

At African Energy Week 2023, Hon. Aly Seydouba Soumah, the Minister of Energy, Hydropower and Hydrocarbons of Guinea-Conakry, will showcase the potential of the country's oil and gas sector as well as its hydropower resources

Hoping to mirror regional exploratory success, Guinea-Conakry offers unique opportunities across its offshore basins for investors and project developers alike. In 2023, the country has put forward a strong upstream drive and is inviting E&P players to seize the opportunities the frontier market presents. During the upcoming African Energy Week…

African Energy Chamber
Source: African Energy Chamber |

Africa’s Commonsense Energy Recovery: How Africa’s Oil & Gas Industry can bounce back from the COVID-19 and the Oil Price War

The impacts of the current crisis are wide and affecting both Africa’s most promising exploration prospects, but also its multi-billion-dollar landmark projects

The double crisis of the COVID-19 pandemic and the collapse in oil prices is taking a toll on African economies and the African energy industry. An unstable and precarious oil prices environment has resulted in substantial cuts in state budgets and public spending, in losses of contracts and hundreds of…

African Energy Chamber
Source: African Energy Chamber |

African Energy Chamber urges Organization of the Petroleum Exporting Countries (OPEC) to reach a deal on ending Oil Prices War

The situation in Africa’s oil economies is dire and the continent needs a deal to ensure the continuity and survival of its industry

OPEC and OPEC+ are set to meet in Vienna on Thursday, April 9th, to try to reach a deal on ending the current oil prices war. Since OPEC failed to reach a deal on maintaining production cuts last March, major oil producers have been ramping up production to maintain and…

African Energy Chamber
Source: African Energy Chamber |

When Covid-19 and OPEC Price War strikes Africa’s Oil & Gas Sector

The immediate effect of Covid-19 for the sector has been on the demand for crude oil, and on its prices

African governments set to see decline in revenues; Exploration projects put on hold; Thousands of local jobs at risk if nothing is done. While the short-term effects of Covid-19 on world economies are already being felt and put millions in a situation of economic distress, their long-term ones are yet…