Ghana Hosts Key African Transformation Forum

By Malise Otoo 

African leaders around the world have gathered in Accra, Ghana with the aim of finding solutions to Africa's economic transformational needs through dialogue.

Speaking under the theme, "Convene, Strategize, Transform ", K.Y. Amoako, founding President, ACET highlighted some key points in the Pan-African Coalition for Transformation  (PACT) which includes Resource Mobilization and Management, Agriculture, Skills Development and Youth Training, Extractive and Manufacturing to kick start the forum. 

He pointed out that, "Africa's transformation must push Africa forward with strong partnerships leading to strong governments". This he said is one of the many ways Africa's economic misfortunes can transform. 

Similarly, as Agriculture is a key contributer to the GDP of most African economies, K.Y Amoako says support from major world partners like the Bill and Melinda Gates Foundation, the World Bank and the Alliance for a Green Revolution in Africa  (AGRA) have been very crucial especially in the last year during the launch of the African Transformation Report 2017.

Key recommendations on Agriculture contained in the report put together by experts from ACET include Securing Land Tenure and Access to Land, Boosting Productivity on Farms, Commercializing African Agriculture, Feeding Africa, Adding Value and Spurring Agro-based Industrialization, Leveraging Agriculture for employment, Ensuring gender balance in Agricultural Transformation as well as Harmonizing Agricultural Intensification, environmental sustainability, and Climate Change.

Several other interventions according to Mr. Amoako have come in to enhance the economic fortunes of the continent including one on Job Creation through the support of the African Development Bank on a study that examines the future of work in Africa and another one with Mastercard Foundation on their recent flagship programs code named, "Young Africa Works Strategy", which is targeted at finding solutions to the youth employment challenge. 

The second day of the conference is expected to see a major conversation between Africa's Head of States and Private Sector CEOs during a plenary section.

 

 

Congo To Announce Licensing Round At Africa Oil Week

Africa Oil Week and the Ministry of Hydrocarbons of the Republic of Congo have announced the promotion of the Congo-Brazzaville Licence Round Phase 2 2018/19 at Africa Oil Week, 5th – 9th November 2018.

Congo Minister of Hydrocarbons, Jean-Marc Thystère Tchicaya stated, "With the support of PGS and AOW, we have scheduled the promotion of Phase 2 of the Congo Licence Round to take place at Africa Oil Week. The Ministry is currently finalizing the details and we expect to use what is the most important oil and gas summit in Africa to act as a springboard for the success of this bidding round."

"We are committed to welcoming the global upstream operators to Congo - we will have an exhibition stand, host a seminar and have private meetings with prospective partners throughout the event, so we encourage the global oil and gas community to join us at Africa Oil Week"

Hon Minister Thystère Tchicaya went on to say, "The Republic of Congo will focus on building on the momentum of the Licence Round Phase 1 in 2016, which saw 30 international companies register to participate. The timetable for the Licence Round Phase 2 will see the opening of the call for tender in September 2018, followed by a major promotion campaign in Cape Town at Africa Oil Week in November 2018. The closing date for receipt of tender offers in Brazzaville will be June 30th 2019."

The Congo Licence Round promotion highlights the importance of Africa Oil Week in driving new business opportunities for explorationists in Africa. Paul Sinclair, Conference Director for Africa Oil Week, added "The Congo bidding round offers a level of excitement that continues to position Africa Oil Week as the must-attend event in Africa."

"It is in this context that the Congo Licence Round Phase 2 will offer an exclusive opportunity for the international oil and gas industry, permitting them to take strategic positions in areas of the Republic of Congo with a significant proven potential for hydrocarbons."

Africa Oil Week Welcomes Nine African Ministers

Nine Energy and Petroleum Ministers have confirmed to attend Africa Oil Week 2018 which will take place in Cape Town, South Africa on the 5-9 November 2018.

With 88 upcoming oil and gas fields to receive more than US$180Bn by 2025, having such strong government representation of nine Ministers attending to deliver bidding rounds and investment opportunities reinforces the unique value of Africa Oil Week as the annual transaction platform for Africa.

Over the course of the week, leading nations will take meetings and present proprietary information regarding up-and-coming projects exclusively at Africa Oil Week.

From shallow water licencing in Congo Brazzaville, to billion-dollar tenders in critical infrastructure, there is a growing anticipation from the global petroleum companies that Africa Oil Week 2018 is the most compelling opportunity to originate and win licences, farm down partnerships and finance within the African Oil and Gas sector.

With over 26 per cent of the investment being given to Nigeria, it is noteworthy that Hon Minister Dr Emmanuel Ibe Kachikwu the Minister of State for Petroleum Resources from the Federal Republic of Nigeria is attending Africa Oil Week to showcase and promote the most significant transformation projects in Nigeria.

"Attracting inward investment for upstream activities and field development is critical if Africa is to realise its full energy potential." Added Paul Sinclair, Conference Director for Africa Oil Week. It is in this context that Africa Oil Week will deliver a transactional based event that will see multi-billion-dollar deals agreed to which will advance national objectives across the continent.

The following African Ministers will be present to advance the African Hydrocarbon sector, broker new partnerships and to raise capital for priority opportunities from Cape Town to Cairo:

  • Hon Minister Mr Jeff Radebe, Minister of Energy, Republic of South Africa
  • Hon Minister Dr Emmanuel Ibe Kachikwu, Minister of State for Petroleum Resources, Federal Republic of Nigeria
  • Hon Minister Boakye Agyarko, Minister of Energy, Republic of Ghana
  • Hon Minister Jean-Marc Thystère Tchicaya, Minister of Hydrocarbons, Republic of the Congo
  • Hon Minister Pr Tiémoko Sangaré, Minister of Mines & Petroleum, Republic of Mali
  • Hon Minister Foumakoye Gado, Minister of Petroleum, Republic of Niger
  • Hon Minister Irene Nafuna Muloni, Minister of Energy and Mineral Development, Republic of Uganda
  • Hon Minister Fafa Sanyang, Minister of Petroleum and Energy, Republic of The Gambia
  • Hon Minister Thierry Tanoh, Minister of Energy, Ivory Coast

"We are truly honoured by the attendance of so many Government Ministers. In my view, this demonstrates that Africa Oil Week is the premier meeting point for the African Oil and Gas sector.

It not only gathers the most senior community of Ministers and National Oil Companies, it remains the only true world class deal making event for the global private sector. The importance that global partnerships are now playing in developing Africa's energy resources only underlines the need for Africa Oil Week.

With 54 highly competitive countries looking to develop their vast resources we are delighted to be hosting 17 National Oil Companies who will also be undertaking their role to promote their petroleum sector within roadshows and bidding rounds.

The role of Africa Oil Week as a catalyst for deal making sets itself apart from talkshops, we are expecting unprecedented levels of investment and finance to be deployed into the African upstream as a result of the 2018 Africa Oil Week." said Paul Sinclair, Conference Director, Africa Oil Week.

The event provides a platform for African nations and those operators to present deals, farm in opportunities, data rooms and basin insights in some of the most compelling basins across the continent. Attendees value the opportunity to get face time with Ministers, CEOs, Banks and operators at what is still regarded as the must attend event for the Africa hydrocarbon sector.

Firm Calls For Sustainable Infrastructure To Waste Management In Africa

Visionscape Africa has called for better and sustainable infrastructure to waste management in Kenya and the rest of Africa. According to the waste management thinktank, plastic pollution has become a global challenge not only in Africa, but also across the world.

According to data from the Ministry of Environment and Natural Resources, there are 50 million plastic bottles used annually most of which go unrecycled.

Visionscape Group Director, Adeniyi Makanjuola noted that there are 8 million tonnes of plastic -bottles, packaging and other waste which enter the ocean annually killing marine life and entering the human food chain.

He added that waste management problem is compounded by a glaring lack of infrastructure for the effective management of waste and improper disposal habits cause most plastic waste to end up in our oceans.

"Providing adequate infrastructure to meet the waste management demand of the world's growing population is likely to remain one of the most significant challenges for emerging markets.

For instance, in Kenya, Nairobi, Kisumu, Thika, Nakuru, Mombasa and Eldoret towns generate an estimated 6,000 tonnes of waste daily. However, of these, only 3,962 tonnes are collected while over 2,000 tonnes remain uncollected." said Makanjuola.

According to research, acknowledging and addressing infrastructure gaps will tackle waste surplus and optimize efficiency levels to support recovery over landfill disposal.

Many of the ways that waste has been managed historically, like burying or burning, work just fine when you use biodegradable materials like ceramics or organic material, this is according to a paper by the University of Georgia.

However, plastics is more difficult to manage and there is not always knowledge, resources or opportunities to deal with it appropriately.

The ban on single-use plastics is gradually gaining momentum globally. Emerging economies like Kenya, Bahamas, and Papua New Guinea have set a ban on specific plastic products.

Makanjuola said that, "Successful delivery of the infrastructure will boost the economy and provide socio-economic benefits through expanded resource recovery opportunities to the market. Africa needs to look beyond landfills as the only means of waste disposal."

Congo And OPEC: A Marriage Of Mutual Need

By NJ Ayuk (CEO) Centurion Law Firm

The Republic of the Congo has suffered dearly during the oil collapse; and Congolese President Denis Nguesso has pledged that the country would no longer be sitting on the side lines — suffering the effects of global decision-making in the oil industry without a voice.

In an official communiqué announcing the bid for OPEC membership, he stated that he wished to "place our country in the rank of the world's leaders."

In January, officials from the Republic of Congo announced the country's application for membership of the Organization of Petroleum Exporting Countries (OPEC). This is no small move. After years of challenges with the collapse in the price of oil, the Republic of Congo is emerging from this period with a renewed agenda, focused on becoming an active voice in the global stage, rather than a silent victim of international oil price swings.

For Congo, OPEC membership means greater access to information, partnerships, contacts and a voice at the decision-making table. But, perhaps more than ever, it is OPEC that is to benefit from the rise in African political voices, particularly that of Congo.

At nearly 2 billion barrels of crude oil of proven reserves in a vastly underexplored territory, Congo represents a sleeping giant amidst African oil producers. An improved business climate has brought profound benefits to the country's oil industry. New developments by French oil company Total in Congolese territory are set to expand the country's oil output from 280,000 barrels per day to 350,000 in 2018.

An enhanced sector outlook coupled with new discoveries and strong leadership by younger and more capable leaders is rapidly attracting the interest of investors across the world. The election of Thérésa Goma to the position of director general of hydrocarbons in March is an example of a change in mentality, as is the ascendance of Jean Marc Tchicaya to the position of hydrocarbons minister — a younger and more dynamic figure than any of his predecessors.

Brazzaville is the host city of the headquarters of the African Petroleum Producers Organization, a club that has been gaining renewed relevance in recent years as African leaders search for intra-African cooperation on matters of energy. Further, Congo has also been expanding its bilateral relationships with the likes of Angola, Nigeria and Equatorial Guinea, moving towards a new policy of gas utilization.

The entrance of Congo as an active voice in OPEC can bring a much stronger foothold for the Vienna-based organization in the African oil circle, and reinforce its capability to coordinate production cuts and joint-strategies across the continent when necessary. For OPEC, this means greater representation, greater control over the world's output, and in the end, greater power.

For Congo, the country will sit side-by-side with key oil giants, like Saudi Arabia and Venezuela; as well as Gabon, Angola, Nigeria and Equatorial Guinea, further reinforcing the strength of African voices amongst the cartel. It will be able to learn and contribute to policy and decision-making, and it will be ever more prepared to deal with the volatility of crude prices.

Congo's bid for integration within the cartel also comes at a paramount moment for African foreign policy, as dependence in commodity prices and shifts in the international order have made ever more apparent the need for regional and intra-continental cooperation.

African leaders are finally waking up to the fact that their international stand will not depend on the bilateral agreements they can reach with the likes of the US or China, but on their ability to cooperate and seek continent-wide agendas that can benefit Africa as a whole.

Africa Oil Week: Prospect Forum To Create Platform For Opportunities

This year’s Africa Oil Week yet again provides the continent to deliberate on the possibilities of developing their natural resources. The annual meeting in south Africa has over the year’s provided a platform for governments and private sectors to forge a way for the development of oil and gas.

At the Africa Oil Week, happening later this year 5th - 9th November 2018, the Prospect Forum will bring together exploration and production companies and government under one roof in an attempt to develop new business partnerships.

This attempt is driven by stable and more predictable crude market averaging at $60 per barrel. While it is unknown what the global crude oil prices will be when the meeting gathers, the $60 mark is good news considering the markets had been battered to below $50 per barrel.

“The Prospect Forum at Africa Oil Week is designed to support both B2G and B2B transaction in exploration and production in the Oil and Gas Upstream sector.” Said a note in an email calling for members to register for the Cape Town industry gathering.

Apparently, the Prospect Forum, held in partnership with AAPG, welcomes 12 presentations over 3 days to highlight some of the most compelling new E&P activities in Africa.

Presenters from National Oil Companies, Independents and Geoscience companies will have the opportunity to present bidding rounds, farm-in prospects and basin data viewing respectively, the email further said.

This new content stage is a unique business platform that provides a catalyst for business development, new partnerships and collaboration, the promotional email explained.

It added: Within the Forum, stakeholders will have the opportunity to meet the Heads of New Ventures, VPs of Upstream, VPs of Business Development, Heads of Exploration and senior leaders who form the decision making process for exploration and production companies across the value chain.

“If you are looking to engage with stakeholders who control assets or acreage, then showcasing at the Prospect Forum offers you a fast track to new business development opportunity.

Africa Energy Exploration Rights Renewed In South Africa

Africa Energy Corp. has received notice from the Petroleum Agency of South Africa granting a two-year renewal of the Exploration Right for Block 2B offshore the Republic of South Africa.

Jan Maier, Africa Energy's V.P. of exploration, commented, "We are excited to receive notice about the renewal of the Exploration Right for Block 2B so that we can commence operations for the second exploration period.

We have recently identified additional prospectivity and potential drilling locations on Block 2B using the previously acquired 3D seismic. We expect progress on the hydrocarbons legislation in South Africa this year, and we are advancing in our farmout process with a view towards drilling a high-impact exploration well on Block 2B in 2019."

Block 2B covers 3,604 km2 off the west coast of South Africa with water depths ranging from 50 m to 200 m. The block contains a proven oil basin with an existing oil discovery from the A-J1 well drilled by former South African state company Soekor in 1988.

The A-J1 well discovered and tested light oil from a Lower Cretaceous sandstone section. The A-J graben is a typical rift basin related to the opening of the Atlantic in the Early Cretaceous and forms one basin within a greater trend of rift basins.

In addition to the A-J (southern) graben, Block 2B also includes significant prospectivity in the northern graben. This greater rift trend is similar to the East African Rift trend where major oil accumulations have recently been discovered in both the South Lokichar basin in Kenya and the Albert Rift in Uganda.

Africa Energy holds a combined 90% participating interest and operatorship of Block 2B. Crown Energy AB holds the remaining 10% through a subsidiary company.

Source: World Oil

Obasanjo Leads Team To Chair 2018 Africa Oil Week

Former President of the Federal Republic of Nigeria, His Excellency Olusegun Obasanjo, will lead a team of established personalities who will chair this year’s Africa Oil Week in November.  

Others are Rt Hon Mark Simmonds, Former Minister for Africa MP, United Kingdom, Foreign and Commonwealth Office and Mr. Carlos Lopes, Former Executive Secretary of United Nations Economic Commission for Africa

They’ll be working alongside the Africa Oil Week Industry Advisory Board, to bring you the very best, content-rich conference experience, uncovering the latest trends, topics, and deal-making opportunities Africa-wide.

Over 1,100 professionals from across the globe take part in Africa Oil Week every year - making the show the meeting place for the continent’s oil and gas industry. Africa Oil Week will take place on take place from 5 to 9 November 2018 in Cape Town, South Africa.

 

Government officials, NOCs, majors, independents, lawmakers, technical experts, and more meet in Cape Town every year to define the continent’s energy future – and to expand business cooperation.

This year the event will look at will not only reflect on the experiences and learnings from a quarter century of exploration and production, but will set the agenda for new projects, partnerships and business transactions that will determine the future of the continent’s hydrocarbon sector.

GE & Marinus Energy To Build Waste Gas To Power Plant In Ghana

As developing countries embrace innovation that will guarantee faster solutions to energy challenges, GE Power and Marinus Energy has announced a pilot project to capture Isopentane gas and use it as a fuel source for generating electricity.

The Atuabo Waste to Power Independent Power Project ("Atuabo") will be the first TM2500 power plant in Sub-Saharan Africa to use Isopentane gas as a fuel source and will run on GE's latest TM2500 gas turbines. This Isopentane gas would otherwise have been flared.

"Not only is the Atuabo waste to power plant enabling our company to lead in innovative energy solutions in Ghana, but by using a fuel source which would otherwise have been flared as waste, we are further reducing emissions and costs," said Mr. Fred Asamany, Strategic Advisor of Marinus Energy.

"This is good for our business, the climate and eliminates the potential environmental hazards facing the local community. GE is offering an innovative solution which gives us the confidence to move from pilot to commercial operations" he said.

In the first phase, Atuabo will convert the Isopentane fuel into up to 25 megawatts (MW) of power, generating enough electricity to supply power for more than 100,000 Ghanaian households. As additional gas is brought onshore, the plant is expected to add on additional gas generating units up to a capacity of 100 MW.

Additional Isopentane fuel will eventually be stripped off an offshore gas supply and processed at Atuabo by the Ghana National Gas Company. The gas turbine will start on lean gas and transfer to the Isopentane mix over time, and the power plant is intended to operate at base load throughout its life.

"The TM2500 unit will provide unrivalled speed to deployment and flexibility to support the immediate needs of our customer - Marinus Energy, and then seamlessly transition to deliver capacity over the long term as they expand their operations" said Leslie Nelson, CEO of GE's Gas Power Systems in Sub-Saharan Africa.

"The Atuabo project will add yet another TM2500 gas turbine to the existing fleet of ten units in the country earlier deployed in 2016" he said. 

With more than 200 units deployed and over 5 million operating hours of experience, GE's TM2500 has proven flexibility can help bridge the power gap for short- and long-term energy planning, stabilize the grid, or reach and power remote locations.

The TM2500 mobile power plant - a trailer-mounted gas turbine generator and containerized balance of plant - can be relocated to other power plants during operation, and maintenance outages, or to remote areas.

The TM2500 can also achieve full power approximately within 10 minutes making it ideal for providing a base-load bridge to permanent power installations or generating backup power for factories and industries.

In 2017, GE released several announcements reinforcing its commitments to strengthening the power sector in Ghana. The 400MW Bridge power project will be the first LPG fired power plant in Africa and the largest LPG fired power plant in the world, while the 200MW Amandi power plant will be one of the most efficient power plants in the country and will generate the equivalent power needed to supply more than one million Ghanaian homes.

In addition, GE will set up an M&D (Monitoring and Diagnostics) center in Ivory Coast which will provide the digital data and analytics service to improve the performance of GE equipment in the region.

GE works with the government, corporate customers and other stakeholders in Ghana to support economic growth through infrastructure development in the power, healthcare and transport sectors. In 2014, GE opened a 200-capacity permanent office in Accra, and now has over 100 employees - 95% of which are Ghanaians.

Dangote Refinery Engineers Promise To End Fuel Scarcity

Returnee indigenous India trained graduate engineers of the Dangote Refinery have promised to deploy the knowledge and skills acquired during the training to ensure Nigeria is saved the embarrassment of fuel scarcity when the refinery come on stream.

The engineers who described their experience as second to none in the history of Nigeria oil and gas sector said never again would Nigeria experience fuel scarcity as the Dangote refinery would be operated in the most efficient manner.

Dangote Oil Refinery Company had in preparation for takeoff sent in batches local Graduate engineers to Bharat Refinery in India, arguably the biggest in the world for training in refinery operation and production.

The nation is anxiously awaiting the Dangote refinery with a capacity to produce 650,000 bpd to commence operation as the country's four refinery have gone comatose.

Reliving their experience to the management of the copy on return one after another, at the Refinery premises at Lekki, Lagos the engineers said they had both theory and practical training in India and they are also having a very rare opportunity to witness a refinery of the Dangote's size being built from the scratch.

Opeyemi Oyedepo, Process engineer and Igwe John, petroleum and gas engineer told the management how they are made to be part of trouble shooting during their training, a development that has boosted their confidence that Dangote Refinery with most modern facilities will eradicate perennial fuel scarcity in Nigeria.

Speaking further on the benefits of the training to Dangote Refinery, the engineers stated that the company would henceforth enjoy increased value of human asset; improved ability to implement and realize specific goal within timeframe.

The Graduate engineers also listed as part of the benefits efficient refinery operations and adherence to quality and standard.

In his comment, Technical Adviser to Dangote Refinery, Engr. Babajide Soyode expressed satisfaction that the best of the graduate engineers were selected as attested to by the the trainer's in India.

He said the management was proud of the engineers as they have displayed a thorough understanding of what they learnt in India.

On the choice of India for the training, Engr Soyode said India has the biggest refinery in the world and are ready to train young engineers unlike the disposition in Europe and other part of the Western world.

The company's Director of Human Capital Management and Project Support, Mohan Kumar, while presenting the returnee engineers said the company is laying a solid foundation for take off with the training of the engineers.

He said the young engineers were trained at Bharat Petroleum Corporation Ltd. in India on how to manage the operations of the refinery. Kumar added that the engineers had gathered fundamental practical knowledge about refinery.

According to him, the engineers are recruited and trained to witness the building of the refinery from scratch. He said the engineers spent two months in classroom training and three months on the job training.

Kumar explained that the engineers were trained by experts who had over 45 years experience in refinery operations, stressing that the training became imperative due to the commitment of Dangote Group to promote local content by developing indigenous capacity.

He stated that "the engineers are expected to also transfer the skills acquired to other Nigerians when the refinery comes on stream".

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