Mozambique Stakeholders To Meet At Maputo Gas Summit

With LNG market dynamics set to change from fears of oversupply to buoyant demand coming from China and rest of Asia, investors have confidently been backing more LNG projects in countries which are emerging as new gas players – among them Mozambique.

The country has seen the only LNG FID reached in 2017 from the ENI's Coral floating LNG facility off the coast of Mozambique with shareholder ExxonMobil. Separately, Anadarko - Mozambique LNG onshore facility is not far behind with their FID expected for the first half of 2019.

The CWC Group in partnership with ENH, Mozambique's national hydrocarbons agency, have been driving forwards the gas and LNG industry by hosting the official gas and LNG summit in the country.

Now in its 5th edition, the Mozambique Gas Summit & Exhibition with the support of MIREME and INP will take place in Maputo, Mozambique, from 31 October – 2 November 2018. This edition aims to highlight the bright prospects and promote successful collaborations between international and local companies.

Presenting to the attendees, first hand, will be the very parties involved in the creation of the gas projects like H.E. Ernesto Max Tonela, Minister of Mineral Resources & Energy, Republic of Mozambique, H.E. Júlio Parruque, Governor of Province Cabo Delgado, Republic of Mozambique, Steve Wilson, Vice President & Country Manager, Anadarko, Carlos Zacarias, President and INP Omar Mithá, Chairman & CEO, ENH.

This year's programme has been built to address the requirements for the next stages of development post FID, including National Content regulations, Corporate Social Responsibility and technology efficiencies.

Others are positioning Mozambique as a Regional Gas Hub, Financing for the gas and LNG projects, Gas Monetisation, New gas markets for Mozambique and

Powering Mozambique's Industrialization

The event is organised with support from industry stakeholders Anadarko, Mozambique LNG, ExxonMobil, Subsea 7, Enmar, Baker Hughes a GE Company, TechnipFMC, Sasol, Poten & Partners, Wartsila and G4S.

In addition to the three days of discussions, questions and answers sessions and keynotes, the Summit will also feature the anticipated '2nd Outstanding Women's Forum' and the 2nd edition of the 'Mozambique Gas and LNG Awards'.

Senegal Tells Global Oil Investors To Invest In Local Capacity Building

Senegal is determined to become the new frontrunner of Africa's local content development. This is the conclusion of a local content forum held in Dakar on Thursday, organized by Les Conférences du Quotidien and hosted by the African Energy Chamber and Centurion.

Presided by Prime Minister Mahammed Boun Abdallah Dionne, the forum highlighted the potential for Senegal to redefine African standards for domestic capacity building and governance in the continent's hydrocarbons sector.

"Local content is a necessity," declared the Senegalese Prime Minister during the event. "Encouraging the development of local SMEs throughout the value chain is of prime importance, as is the formation and training of Senegalese to boost national capacity and employability."

The history of Senegal's hydrocarbons sector is that of a toddler stepping into a giant's shoe. The discovered gas reserves in the Turtle field alone are such that they could propel Senegal into a major LNG hub for Africa and the rest of the world.

But for a country which has so far produced only limited gas quantity from onshore fields, taking such a big leap is not without its fears and challenges.

As Senegal expands its oil and gas exploration and development efforts, putting in place the right regulatory and governance frameworks will ensure the sustainability and social responsibility of its nascent hydrocarbons industry. The time to forge these is now, and a local content development framework must be the priority.

The development of robust and transparent regulations, which put local capacity building at the heart of policy-making, would provide Senegal with a very efficient framework to attract investments and boost local socio-economic development.

"By being the latest entrant into Africa's hydrocarbons history, Senegal has the opportunity to learn from the successes and failures of its neighbors," explained NJ Ayuk, executive chairman of the African Energy Chamber and CEO of Centurion.  

"Local content is not corporate social responsibility. While the government must create an enabling environment, it is up to Senegalese people and companies to seize the opportunities offered by the country's nascent oil & gas industry."

As it embarks on this journey, Senegal has assets and qualities to build on. It has lessons to draw from its neighbors and African peers, and very strong institutions that can increase the chances of avoiding inefficiencies and corruption witnessed in other African jurisdictions.

It is also a very stable country, whose economy has posted robust growth rates for years, and currently led by a President who understands the industry and is a former head of the country's national oil company.

If its economy remains diversified and its oil wealth is used to further develop social infrastructure and support other growing industries, Senegal stands a great chance to be one of Africa's best oil and gas economies.

Fish Farmers In Cameroon Get €84m AfDB Loan

The African Development Bank Group has extended a loan of €84 million to Cameroon to support livestock and fish production in the central African country in line with the Bank's strategies to create jobs and raise household incomes.

The loan, approved by the Bank's Board on Wednesday, will support the modernization of beef, pork and fish production, with significant improvements to food and nutrition in the country.

Both the Bank and the Government of Cameroon are implementing strategic policies aimed at improving food and nutritional security, reducing poverty and improving production infrastructure in rural areas.

The Bank's signature High 5s strategy includes policies to feed Africa, industrialize the continent and improve the quality of life of its people. 

The project approved by the Board will specifically target raising standards and competitiveness in such key livestock value chains as genetics improvement, feeding, slaughter, processing, conservation and transportation. For fish production, the focus will be on rearing, conservation, storage, and processing. 

While the project has a national scope, the Cameroon government has identified three main target areas – the North-West for production, and Central and Coastal for consumption. The impact of the cross-cutting actions involved will, however, be felt in the other regions of the country as well.  

Key beneficiaries of the project will be stockbreeders and their cooperatives who constitute 45% of the pastoral sector labour force; fish farmers, input producers and sellers, traders, women wholesale fishmongers and processing operators. In addition, up to 350 higher education graduates will be trained and settled as business leaders. 

The project's total cost is estimated at €99.27million (CFAF 65.113 billion. The bank will provide a loan of € 84.00 million (CFAF 55.100 billion) (while the government will contribute €15.27 million (CFAF 10 billion) in counterpart funding.

 

Africa Oil Week Announces Partnership With SuperReturn Africa

Africa Oil Week (AOW) recently announced their partnership with SuperReturn. This new partnership offers delegates attending SuperReturn Africa, the continent's biggest investor conference, access to Africa Oil Week on Thursday 8 November 2018.

For operators across the continent, raising capital remains one of the biggest challenges; whether it is funding exploration and production, or financing key infrastructure projects that will secure asset monetization for the long term.

Africa Oil Week, in partnership with SuperReturn Africa, will now be able to offer an enhanced environment for operators to meet prospective financial partners, as well as ministers, senior government officials, national and independent oil company executives to exchange ideas and network.

In celebration of this exciting partnership, Africa Oil Week will be welcoming SuperReturn delegates to attend AOW on Thursday 8 November. The day will kick off with a live panel debate on 'Global Funding Strategies and M&A for the African Upstream' broadcast on CNBC Africa.

Speakers confirmed for this important panel include Samaila Zubairu, President & CEO of the Africa Finance Corporation (AFC), Solomon Asamoah, CEO of the Ghana Infrastructure Investment Fund and Paul McDade, CEO of Tullow Oil.

Following the live broadcast, AOW will host two breakout finance sessions addressing some of the key issues raised in the CNBC panel in greater detail, these include: the role of global finance in the African upstream and how to drive transactions in African infrastructure.

Through this partnership, AOW looks forward to welcoming the continent's most active energy investors who will gain unrivalled access to the opportunities spread across Africa's upstream oil and gas markets.

"We are really excited to announce this partnership with SuperReturn Africa. This partnership will allow us to continue to provide a business and intelligence transaction platform and meeting place for Africa's upstream oil and gas markets." – Paul Sinclair, Conference Director, Africa Oil Week.

Africa Welcomes First Ever Full-Stream Oil, Gas & Energy Transformation Dais

Speaking on Africa's hydrocarbon development, Niall Kramer, CEO, South African Oil and Gas Alliance (SAOGA) said, "Growing a gas economy in South Africa and regionally is imperative.

We need to do this to partner and to enable renewables but fundamentally to provide the catalyst for the sorely needed growth, business activity and jobs that give us the opportunities for inclusive growth.  

The wherewithal that oil and gas can bring is potentially large, but to know that we must explore for indigenous gas and import LNG. Policy attractiveness is certainty needed, as are regional partnerships.

The biggest opportunity I see is the massive proven gas resources in Mozambique alongside South Africa as the largest industrial economy in Africa. My vision is the region becomes like the North Sea. But with good weather." 

The global energy industry has been experiencing a radical transformation in recent years. Replacing large-scale nuclear and fossil fuel power stations, the energy supply of the future will be secured by millions of decentralized renewable energy plants in combination with intelligent storage, distribution and consumption solutions for existing oil & gas resources.  

A new beginning

Africa's newly launched meeting point, the Future Energy Africa Oil & Gas Exhibition & Conference 2018,  propositions a power packed 3-day exhibition and conference, dedicated to advancing future oil, gas and energy solutions for the continent.

With far reaching industry collaboration, under the esteemed patronage of the Department of Energy of the Republic of South Africa, the event will provide in-depth analysis and an honest reflection of Africa's set to revolutionize the future.

In addition, the event provides an intensive tour across Africa, revealing insights on the issues confronting Africa's future commercial, business and socio-economic trajectories.  

International industry support

The event is supported by numerous international industry associations including South African Oil & Gas Alliance (SAOGA), South African Chamber of Commerce & Industry (SACCI), European Association of Geoscientists and Engineers (EAGE), Association for the Development of Energy in Africa (ADEA), Power Africa (a USAID initiative), Oil & Gas Safety 

Council (OGSC), Petroleum club of Romania, Nigerian Gas Association and CEDIGAZ. 

Driving the conversation forward

As Sub-Saharan Africa charges towards a low carbon energy future, events such as the Future Energy Africa Oil & Gas Exhibition & Conference 2018 provide valuable forums for the international oil, gas and future energy industry to debate the issues directly with Africa's leaders.

Projected to attract over 1,500 trade visitors, 50+ exhibiting companies, 120+ conference and technical speakers and 300+ delegates, the three-day event promises to be a valuable platform for interactive networking and knowledge exchange.

Who will you meet?

  • Government Leaders
  • National Oil Companies
  • International Oil Companies
  • Independent Oil & Gas Operators
  • Financiers & Investors
  • Gas & LNG Companies
  • Integrated Energy Companies
  • Technology Providers
  • Power Generation
  • Transmission & Distribution
  • Legal & Industry Analysts  

4 Reasons to Visit

  • Visit the exhibition & technical seminar and network with resource owners looking for partners to help them get the most from their assets through operational excellence, cost effectiveness and profitability
  • Register & learn about new technologies and solutions that integrated energy companies are bringing to some of the most complex challenges facing the global oil and gas sector today
  • Attend to explore products and services from 50+ exhibiting companies including contractors, service companies and technology providers across the full value chain from more than 20 countries worldwide
  • Join hundreds of trade professionals to identify new business opportunities, market trends, and potential business partners. Learn from global experts and benefit from business conducted during the event 

Why Future Energy Africa?

  • Meet with Ministers from across Africa to address the industry on country strategies
  • Centre of Technical Excellence Seminar Learn about latest technologies boosting efficiency and lowering costs
  • Policy makers discuss confronting challenges of transformation
  • Country Market Focus with unrivalled insight from Eastern-Western-Southern Africa regions
  • Forge new operating models that will challenge conventional practices
  • FEA TV: A dedicated platform for on-stage interviews, "in conversation" dialogues, digitization megatrends, corporate commercials, knowledge sharing and industry insight.
  • Renewables in Africa: Tap into development initiatives and solutions supporting the advancement of renewable energy in Africa
  • Finance & Investment focus for equitable economic growth and enhanced bi-lateral trade
  • On-stage Interview with Africa's large upstream independent explorers led by CNBC Africa
  • Africa's Natural Gas  inspect how the continent will succeed in it's role to decrease the carbon footprint
  • Increasing & Strengthening Local Content address challenges and opportunities for capacity building
  • IOC-NOCs Panel Discussion reinventing strategies for a sustainable energy future
  • Prime networking opportunities to facilitate dialogue between senior level executives and decision makers
  • Global Exposure to international and domestic oil, gas & energy value chain
  • Power Generation meet with Utilities and IPPs, build strategic partnerships to meet Africa's growing energy demand

Gas Summit To Open Up Opportunities In Equatorial Guinea

Since the discovery of significant oil reserves in the 1990s, natural gas exploitation and export have become one of the most important assets and economy drivers in Equatorial Guinea.

As often expressed by the Government, the country has a vision to become the region's Gas Hub, which entails close cooperation with local and international energy companies.

On the wave of recent developments in the Equatoguinean gas market, and with the vast interest from international and local investors, SONAGAS G.E. and the CWC Group will host the Equatorial Guinea Gas Summit and Exhibition under the auspices of the Ministry of Mines & Hydrocarbons and GEPetrol.

This important regional meeting will take place at the Sipopo Congress Center, Malabo, on 4 and 5 October 2018 as part of the country's 50th Independence Anniversary celebrations.

'I am delighted to be delivering the opening keynote address and sharing the President and Government's vision and making important announcements that will help boost the oil and gas sector in country' expressed H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons who will deliver a keynote address following the opening remarks from the country's President, H.E. Teodoro Obiang Nguema Mbasogo.

The Equatorial Guinea Gas Summit will feature the participation of international delegations from Equatorial Guinea, Nigeria, Burkina Faso, Ghana, Tchad and others. Distinguished speakers include:

  • E. Teodoro Obiang Nguema Mbasogo, President of the Republic of Equatorial Guinea
  • E. Gabriel M Obiang Lima, Minister of Mines & Hydrocarbons, Equatorial Guinea
  • E. Lucas Abaga Nchama, Minister of Finance, Economy and Planning, Equatorial Guinea
  • Dr. Emmanuel Ibe Kachikwu, Minister of State for Petroleum Resources, Federal Republic of Nigeria
  • Juan Antonio Ndong Ondo, Director General, SONAGAS, G.E.
  • Antonio Oburu Ondo, Director General, GEPetrol
  • Hilaire Kabore, Director General, Sonabhy Burkina Faso
  • Tahir Hamid Nguilin, Societé des Hydrocarbures du Tchad, Republic of Tchad

The event is organised with support from industry stakeholders: Noble Energy, Marathon Oil, EG LNG, Atlantic Methanol Production Company, Kosmos Energy, Trident Energy, Ophir, Shell, Mitsui and Marubeni.

The two-day programme will include ample networking opportunities with government and stakeholders alongside the Summit sessions which will address the opportunities and challenges in the upstream, midstream and downstream.

 

 

 

 

National Oil Company Of Nigeria To Go Public

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has announced that the corporation will be listing over 40 percent of its shares on the Nigerian Stock Exchange (NSE). 

Making the announcement in his keynote speech at a conference held in Lagos, Nigeria on Friday, Dr. Baru said that the shares would be floated once the Petroleum Industry Governance Bill (PIGB) gets presidential assent. 

Following a 17-year delay, the Petroleum Industry Governance Bill was passed in January 2018. The Bill aims to introduce reform into the sector, restore transparency and facilitate a thriving petroleum industry that will be beneficial to the economy of Nigeria. In doing this, Dr. Baru said the sector has to be more commercially driven. 

Under the current law, the NNPC functions as both operator and regulator of the oil sector, under the governance of the Ministry of Petroleum Resources. This, among other issues, is believed to be a reason for decline in the performance of the sector.

Although it is Africa’s largest oil producer and a member of the Organization of Petroleum Exporting Countries (OPEC), Nigeria has seen a significant decline in oil production and exports in recent years, with the oil price drop exposing further issues in the management and operations of the country’s oil industry, particularly in the NNPC itself.

This year, Nigerian oil production and exports have continued to face structural and operational challenges, having experienced outages at its key pipelines which saw production dropping by more than 82,000 bpd in March of this year and later millions of barrels of crude oil going unsold. 

Despite this, the future of the industry still looks promising, with Total committing to increasing oil production by 200,000 bpd by the end of this year, Niger set to refine its crude exports in Nigeria and Shell anticipated to reach FID on the Bonga Southwest oilfield by 2019. This is expected to contribute a further 180,000 bpd to the sector. 

In working towards making the national oil company more profitable, the NNPC will be split into two entities: the Nigerian Petroleum Assets Management Company and the Nigerian Petroleum Company, which will be an integrated oil company taking all assets of the NNPC with the exception of production sharing contracts. 

“The initial shares shall be held by the Ministry of Petroleum Incorporated (40 percent), the Ministry of Finance Incorporated (40 percent) and the Bureau of Public Enterprises (20 percent). However, 10 percent and an additional 30 percent of the shares of the company shall be floated on the Nigerian Stock Exchange between five years and 10 years from incorporation respectively,” explained Dr. Baru. 

Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru will speak at the Africa Oil & Power conference in Cape Town on September 5-7.

Honeymoon Over For Oil Rich Angola’s Lourenço

Since gaining power one year ago, Angolan President João Lourenço has enjoyed the benefits of renewed market optimism and fresh investor interest in the important oil-producing African economy.

However, there are growing indications that the new government's 'honeymoon' period is over as investors are becoming concerned with entrenched state corruption and the persistently weak state of the economy.

Lourenço has launched a high profile crack-down on corruption and sought to end industry monopolies. However, so far the only graft cases pursued by his administration have been politically motivated, thus allowing the new president to remove critics and to stake out his new political territory. 

In fact, President Lourenco's touted anti-corruption stance is more indicative of concerted attempts to dismantle his predecessor's influences and consolidate total power over Angola's political institutions than any meaningful attempts at reform.

This remains evident in the oil sector, where his government has been reluctant to pursue much-needed reforms. Entrenched patronage and rent-seeking structures have been put in place at state oil company Sonangol, facilitating embezzlement at the highest level of the administration.

Lourenço has also appointed prominent individuals tainted by corruption and mismanagement allegations into important government positions.

Charges against former vice president Manuel Vicente, who now holds sway over Angola's central bank and Sonangol, could be reinstated as soon as a new government takes power in Portugal or political sentiment in the US swerves into a different direction. 

Meanwhile, recent contract cancellations of major infrastructure projects, officially touted as part of a transparency drive, are more likely motivated by a desire to seek fresh rents from foreign investors participating in those projects. 'White elephant' projects, like the new Angola airport, are undermining Lourenço's image as being reform-minded and transparent. 

While the economic outlook is tentatively brighter than a year ago, the new government is seeking billions more in financing from Chinese banks to fund infrastructure expansion and to keep distressed state finances afloat.

Just when concerns over Angola's debt sustainability were calming, the government is committing to another massive Chinese debt pile-up. This bodes ominously for the repayment of arrears to foreign contractors and even Angola's ability to service its latest Eurobonds. 

Rising food prices, frequent strike action, and public sector cuts are triggering protests and increasing the risk of riots in Angola's cities.

If Lourenço's government does not soon fully commit to broad oil sector reform and prudent fiscal management, as well as actively embrace transparency initiatives, the investment outlook for Angola is set to deteriorate sharply as investors lose faith in Lourenco's stewardship of the economy.

Ghana Summit To Address Electricity, Oil And Gas Potential In West Africa

EnergyNet will host the third Regional Energy Co-operation Summit (RECS): West in Ghana from 26-28 September 2018 - exploring business opportunities in the WAPP regional electricity market and the impact that anchor energy projects will have on regional energy development.

RECS: WESTis held with the official endorsement and participation of Honourable Boakye Agyarko, Minister for Energy of the Republic of Ghana. In alignment with the opportunities in the energy market in West Africa, the programme will follow Hon. Agyarko's portfolio: power, petroleum and financing infrastructures.

A strong emphasis will be given to the Government's plans to consolidate the gas sector and improve efficiency in the state energy utilities, particularly the ECG Private Sector Participation (ECG PSP) process.

The launch of the regional electricity market will impact West Africa's regional economy and create new business opportunities. Mr. Ki, Secretary General of West African Power Pool (WAPP) and Prof. Bogler, Chairman of ECOWAS Regional Regulatory Authority (ERERA) will present the first phase of the implementation and their priorities.

In addition to the above, speakers confirmed include:

Honourable Boakye Agyarko, Minister for Energy, Republic of Ghana

Honourable Dr. Mohammed Amin Adam, Deputy Minister for Petroleum, Ministry of Energy, Ghana

Honourable William Aidoo, Deputy Minister for Power, Ministry of Energy, Ghana

Honourable Aziz Rabbah, Minister of Energy, Mines and Sustainable Development, Morocco

William Amuna, Policy Advisor to the Hon. Minister, Ministry of Energy, Ghana

Alfred K. Ofosu Ahenkorah, Executive Secretary, Energy Commission of Ghana

Fred Oware, Chief Executive Officer, BUI Power Authority

Emmanuel Antwi-Darkwa, Chief Executive Officer, Volta River Authority (VRA), Ghana

Cüneyt Uygun, Chief Executive Officer, AKSA Power

Charles Darku, Former Managing Director, Tullow Oil

Matthias Adler, Head of Division, Infrastructure and  Financial Sector, West Africa, KFW 

Official endorsing partners of the Summit include WAPP and Anare alongside Summit Sponsor ASKA Power, Strategic Partners Fieldstone Africa, ENGIE, METKA and Wartsila and Associate Sponsor Power Africa.

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.

 

 

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