Until 2025, power demand in Angola is expected to grow at a substantial rate, with the overall system load reaching 7,200 MW

Angola Committed To Meeting Energy Objectives Amid COVID-19

Africa Oil & Power, the African Energy Chamber and the U.S.-Angola Chamber of Commerce united to present, ‘Powering Forward: The Pathway to Grid Stability, Increased Capacity and a Diversified Angolan Economy,” on Thursday. The webinar addressed how Angola can continue to prioritize its development of national transmission and distribution capacities in the long-term, with a view toward increasing electrification, job creation and economic growth. The panelists included Maria da Cruz, President & CEO of the U.S.-Angola Chamber of Commerce; Paul Ghiotto, Deputy Political-Economic Chief/Energy Officer, Political-Economic Section, U.S. Embassy Luanda and Frederico Martins Correia, Energy, Resources & Industrials Partner, Deloitte.‘Powering Forward: The Pathway to Grid Stability, Increased Capacity and a Diversified Angolan Economy’ explored the long-term and strategic outlook for the Angolan power sector on Thursday through a public webinar hosted by Africa Oil &Power (AOP), the African Energy Chamber and the U.S.-Angola Chamber of Commerce.Until 2025, power demand in…
Proscovia Nabbanja, CEO, UNOC

Uganda's 2nd Licensing Round Application Deadline Set For September

Among the few ongoing licensing rounds on the continent this year is Uganda's Second Licensing Round, announced by the Ministry of Energy and Mineral Resources last year. The deadline for submitting the application for qualification on the five blocks on offer in the Albertine Graben is September 30th, 2020.The acreages on offer have become even more attractive since Tullow Oil announced the sale of its entire stake in the Lake Albert Development Project earlier this year to Total. The agreement puts an end to a long-standing capital gains tax dispute with Ugandan authorities, and opens up the way for the upstream development of up to 200,000 bopd by Total and CNOOC, along with an oil refinery and an oil export pipeline to through Tanzania.As Total and CNOOC develop billions of barrels of proven oil reserves near Lake Albert, the government is committed to attracting more investment into the development of…
The new Regulation modernizes Equatorial Guinea's existing regulatory framework and is intended to maintain the country's attractiveness for foreign investors

Equatorial Guinea Adopts New Petroleum Regulation

The Ministry of Mines and Hydrocarbons (MMH) of the Republic of Equatorial Guinea has announced the adoption of the new Regulation of Petroleum Operations, Regulation No. 2/2020 of June 15th, 2020.The new Regulation modernizes Equatorial Guinea's existing regulatory framework and is intended to maintain the country's attractiveness for foreign investors. It notably covers key matters such as the extension of the productive life of mature fields though mechanisms allowing operators to generate greater value from these assets; the exploration of marginal and onshore fields along with investments in deep and ultra deep water acreages; the monetization of gas and the development of the petrochemicals industry, along with further integration of the national workforce and local companies across the value-chain."This new Regulation gives an opportunity to the Republic of Equatorial Guinea to continue being a world reference in the hydrocarbons sector. To maintain our position, we must be prepared, with updated…
Zion Adeoye is Managing Director at Centurion Law Group

What It Takes To Get A Marginal Oil And Gas Field In Nigeria

By Zion Adeoye Following its marginal fields licensing rounds in 2001 and 2013, the Nigerian Department of Petroleum Resources (DPR) recently released guidelines on the 2020 licensing round. Under the 2020 licencing round, a total of 57 fields located onshore, swamp, and shallow offshore terrains are on offer; while the ongoing Nigerian Marginal Fields Bidding Round is a purely domestic process, the development of these marginal acreages and discoveries will open up various avenues for partnerships with international capital and technology providers.Nigeria's marginal fields licensing rounds have been the cornerstone of Nigeria's upstream local content development strategy since the early 2000s and previous rounds gave birth to what are now strong local and regional African E&P companies. The move has been so successful that it is now being followed by other key African oil producing countries such as Angola and Gabon.In Nigeria, previous rounds have given the opportunity for local…
Dr. Leila R Benali, Chief Economist, Head of Strategy, Energy Economics & Sustainability, APICORP

MENA Region To Get $792bn APICORP Planned Five Year Investments

The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, estimates that planned and committed investments in the MENA region will exceed USD792bn over the next five years (2020–2024). As per APICORP's MENA Energy Investment Outlook 2020-2024, which it launched today, the amount marks a USD173mn decline from the USD965bn in last year's five-year outlook.The overall decline in the investment outlook - mostly in planned investments - is largely attributed to the 2020 triple crisis: the COVID-19-related health crisis, oil crisis and a looming financial crisis.Despite these difficult circumstances however, the GCC region's committed investments increased by 2.3% compared to a 6% overall decrease in the MENA region as a whole, indicating a higher project execution rate in the GCC.The fallout from the 2020 triple crisisAt the end of the first quarter of 2020, most countries around the world were facing the same dilemma in how to deal with…
Along with gradual reopening of global economies, production cuts are pushing prices back to $40/barrel much quicker than initially thought

Compliance With Production Cuts Ahead Of Next OPEC Meetings Emphasized

As OPEC prepares to host the 179th Meeting of the OPEC Conference and 11th OPEC and non-OPEC Ministerial Meeting via videoconference next week, the African Energy Chamber is calling on African producers to extend production cuts and remain compliant with their obligations.The historic deal reached by OPEC and OPEC+ last April, which took effect a month ago, is slowly starting to take effect. Along with gradual reopening of global economies, production cuts are pushing prices back to $40/barrel much quicker than initially thought. This is a clear indication that the OPEC strategy and its global deal are working, and the same kind of industry cooperation spirit that supported the April 2019 deal needs to remain in place.“Now is not the time to relax or rejoice too soon, and we need to maintain a strong compliance with the previously agreed deal of April 2019 and extend production cuts,” declared Nj Ayuk,…
African governments are advised to consider the long-term effects of COVID-19 on oil and gas projects

Energy Leaders Give Insight On The Future of Kenya's Oil & Gas Transition

Under the theme ‘Moving Kenya Forward: Oil Production and New Exploration Under COVID-19,’ Africa Oil & Power and the African Energy Chamber provided energy industry leaders a platform to share strategies and thoughts on how Kenya’s oil and gas sector can deal with the implications caused by COVID-19.The Kenya webinar featured Hon. Dr. Elly Karuhanga, Chairman of the Uganda Chamber of Mines & Petroleum & Chairman, Private Sector Foundation Uganda; Doris Mwirigi, Chief Operating Officer of Energy Solutions Africa; Toks Azeez, Sales and Commercial Director for Sub Saharan Africa, Baker Hughes; Mwendia Nyaga, Chief Finance Officer of Oilfield Movers and Brian Muriuki, Managing Director & Country Chair of Royal Dutch Shell Ghana.Kenya’s oil and gas industry is in a state of transition, as its major oil and gas development — Blocks 10BB and 13T in Turkana — has been put on hold, with Tullow Oil submitting a notice of force…
The Chamber is calling for broader support for post-Covid-19 economic recovery to support peace, stability and economic revival in South Sudan

Covid-19: African Energy Chamber Supports South Sudan

The African Energy Chamber has provided financial and material support to the government of South Sudan to support its efforts to respond to the global Covid-19 pandemic. The number of reported cases in South Sudan is currently nearing 1,000, with 10 deaths already confirmed.The donation comprises a cash grant and sanitizing products, and represents the long-standing commitment of the Chamber towards the prosperity of South Sudan. It was received in Juba by H.E. Daniel Awow Chuang, Undersecretary at the Ministry of Petroleum, who will, in turn, coordinate the relief activities with the Ministry of Health."It is our wish at the Chamber that our contribution will support the laudable ongoing efforts of the government of South Sudan to respond to the pandemic," stated NJ Ayuk, Executive Chairman at the African Energy Chamber."This ongoing pandemic goes beyond the oil sector only and we are calling for a much broader support for South…
Dr. Jane Nambakire Mulemwa recieves the instrumenst of power from Dr. Kitutu Mary Gorreti as chairperson of the new PAU board of directors

Mulemwa Reinstalled As PAU Board Chair For Second Term

The Minister of Energy and Mineral Development, Dr. Kitutu Kimono Mary Goretti, has this week inaugurated the second Board of Directors for Petroleum Authority of Uganda (PAU) following the expiry of inaugural board team on 3rd October 2019. Dr. Jane N. Mulemwa, who led the inaugural board for the past four years, having taken over office on 4th October 2015, was reappointed by President Yoweri Museveni and approved by parliament and will now steer the Authority for the next four years and her final term. The appointment of the board and approval by parliament is provided for under the Petroleum Act, 2013. The Act provides that the PAU will have a Board of Seven (7) members and that, at least three (3) members of the Board shall be women. Dr. Mulemwa will now serve the Authority with other retained members Ms. Doreen Kabasindi Wandera and Mr. Kiryowa Kiwanuka. The new…
Tom Alweendo, Namibia’s Minister of Mines and Energy

Namibia's Ministry Of Mines And Energy Is Optimistic About The Future

With the recently introduced reforms in Namibia's renewable energy sector and the growing presence and entry of international oil companies entering the hydrocarbons sector, the Ministry of Mines and Energy is optimistic about the country's energy future."There are very positive and encouraging signs when we talk about the hydrocarbons sector. We have had a couple of investors that are keen on entering the market and potentially finding something," said Hon. Tom Alweendo, Namibia's Minister of Mines and Energy during a webinar hosted by the African Energy Chamber in partnership with Africa Oil & Power on Friday. "On the renewable energy sector, we have been able to introduce some reforms that have made it possible for independent power producers to come into the sector and produce clean energy, especially through solar and wind," he added.Minister Alweendo was joined by the Chamber's Executive Chairman, NJ Ayuk, who encouraged a practical and realistic…
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