Angola To Promote New Petroleum Investment At Conference

The 2019 Angola Oil & Gas Conference and Exhibition, to be held in Luanda from June 3 to 7, 2019, is officially endorsed by the Ministry of Mineral Resources and Petroleum of Angola and organized by Africa Oil & Power.

Angola Oil & Gas 2019 supports the government's goal to bring greater investments to Angolan oil fields and highlight the recent reforms made by President João Lourenço that will significantly boost Angola's competitiveness.

The conference will be a platform for the government to disclose new opportunities for the oil industry in Angola, including the licensing of new petroleum blocks, new legislation for gas exploration and investment, exploration of marginal oil fields, onshore exploration and investments in all areas of the petroleum supply chain.

A resurgent Angola with a new political mandate and investment priorities will be the focal point of the Angola Oil & Gas 2019 Conference and Exhibition to be held from June 3-7, 2019 in Luanda.

Angola Oil & Gas 2019 will be the main event of the national oil industry for this revitalized sector, addressing the new investment climate under the leadership of President João Lourenço, the role of a new national oil and gas agency in the development of the sector, and the issuance of new licenses for exploration and production companies.

The Ministry of Mineral Resources and Petroleum is working in partnership with organizer Africa Oil & Power (www.AfricaOilandPower.com) to produce the country's largest investment conference in years. 

"Angola has been one of the world's leading producers of oil and gas, and under the new administration of President João Lourenço, we are focused on revitalizing and increasing our potential exponentially. We intend with this conference to maximize the value created for the Angolan economy by bringing investors who can increase the competitiveness in the oil market and use the Angolan oil industry as the main catalyst for boosting the economy in general," said the Minister of Mineral Resources and Petroleum of the country, Diamantino Pedro Azevedo.

"The sector has seen several changes, including a sustained drop in oil prices. Thanks to the reforms, Angola is stronger and better positioned in the current investment climate. We look forward to using Angola Oil & Gas 2019 as a platform to capitalize on new business and spark new interest in the industry as projects move forward."

Angola Oil & Gas 2019 will be the ultimate venue for the presentation of oil and gas projects, ongoing exploration activity, mergers and acquisitions and the presentation of companies operating in Africa's second largest oil producer, with 1.5 million barrels per day.

The conference will be the definitive platform for the government to disclose details about the 2019 oil and gas licensing round and to unveil new legislation for gas exploration and investment in marginal oil fields. Also a focal point of the program will be the creation of a new National Agency for Petroleum and Gas, which in 2019 will assume oil and gas licensing responsibilities.

The event will gather key governmental officials and C-level executives spanning the spectrum of the energy industry for a packed agenda of keynote presentations, moderated panel discussions, an exhibition, and networking gatherings. Angola Oil & Gas will put a premium on deal making and relationship brokering as Angola aims to attract investment in all segments of the petroleum industry. African ministers of petroleum will attend the event, as well as international investors and decision-makers.

"This is the time for global oil and gas investors, and Africa-focused companies, to take a fresh look at Angola," said Africa Oil & Power CEO Guillaume Doane. "The petroleum industry is set to benefit from the impetus provided by a new political administration and favorable oil prices, as well as the increasing influence of local companies. Angola Oil & Gas 2019 will be the catalyst for economic activity and investment in Angola, a platform to showcase the country's enormous potential, explain the projects and meet the key actors."

A comprehensive report on the Angolan energy sector entitled Africa Energy Series Angola 2019 will also be produced in tandem with the conference. The book will be an official investment tool for the Angolan oil and gas industry and will feature interviews and resources on Angola's most pressing energy issues and opportunities, including the acquisition of new licenses and new exploration of the offshore basins, strategies for reversing oil production declines, the potential for onshore oil and gas exploration, the emerging role of LNG, building a strong domestic sector and diversifying the economy through downstream efforts.

Angola's Move To Join The Gas Exporting Countries Forum Applauded

The GECF has been at the forefront of promoting the use of natural gas as an affordable and sustainable fuel of choice for sustainable development.

African countries rallying around the drive of Equatorial Guinea's Mines and Hydrocarbon Minister, Gabriel Mbaga Obiang Lima's drive to monetize gas and engage with OPEC (www.OPEC.org) and GECF is a step in the right direction.

"Angola has vast untapped gas reserves that have not yet been monetized." said AEC Executive Chairman NJ Ayuk. "joining the GECF is a step in the right direction and in line with H.E. President João Lourenço blueprint for transformation, growth and boosting economic diversification by the monetization gas."

Angola's focus on gas is being backed by new legislation promoting the monetization of the country's gas reserves. In May 2018, Angola passed Presidential Decree No. 7/18 (PD 7/18), indicating President Lourenço strong commitment to reform the country's hydrocarbons sector and provide a boost to the gas industry. Presidential Decree No. 7/18 is the first law aimed at specifically regulating the prospection, research, evaluation, development, production and sale of natural gas in Angola.

"The Chamber welcomes the reforms in Angola and its commitment towards diversification and a market driven local content. This requires that government provides the necessary infrastructure and incentives that will enhance the productivity of labor and capital in the economy." Ayuk continued.  "The private sector has a role to play and there must be a change in its mindset, from commerce to industry"

The Chamber (EnergyChamber.org) welcomes these developments and salutes Angola on its efforts towards reforming its gas industry and deepening its engagement with international gas markets through Gas Exporting Countries Forum.

The Chamber and its members look forward to joining Angola's leadership at the Angola Oil & Gas 2019 Conference & Exhibition to be held June 3-7, 2019 in Luanda under the patronage of H.E. President João Lourenço.

Lagos Chamber Of Commerce & Industry Happy With Dangote Refinery

The President, Lagos Chamber of Commerce and Industry (LCCI), Mr. Babatunde Paul Ruwase has described as magnificent and spectacular the impact the Dangote Oil Refinery project would have on the Nigeria's downstream petroleum sector.

Ruwase, who led members of the chamber on a tour of Dangote Jetty, Refinery and Fertilizer plants recently in Lagos, expressed excitement over the pace of work at the Refinery and Fertilizer plants, which he described as a game changer for the Nigeria oil sector.

He commended the President/Chief Executive of Dangote Group, Alhaji Aliko Dangote for the enormous investment in Africa, saying, "Dangote's patriotism remains unparalleled when it comes to investment and that his investments in many sectors have been a key factor behind Nigeria's improving economy. Dangote is doing so much to positively impact the lives of Nigerians through the production of household products."

He said the world is waiting for Dangote Oil Refinery project to bail Nigeria out from the clutches of importation of petroleum products. "This project is the first of its kind. There is no investor in Nigeria that has developed the courage to come up with such gigantic project.

From what we have seen today, we now have a better perception about the project. From what we have seen on ground, it shows that the project is a reality and it is possible for Nigeria to become exporter of petroleum product," he said.

He also commended the company for building a jetty to carter for the movement of heavy equipment to the refinery site. "This will greatly reduce the congestion at Apapa port and also help to cut down traffic on the Apapa road," he added.

Ruwase therefore appealed to other investors to thread the pact of Dangote by investing heavily in the Nigerian economy.

Speaking on the progress made so far, Head, Quality Assurance/Quality Control, Dangote Oil Refinery Company Limited, Rama Rao Putta, described the project as the largest single train petroleum refinery in the world with capacity to process 650,000 barrels per day of crude oil.

He said the refinery will lead to the protection of forex revenue of around $16 billion a year at current market prices and saving of $10 billion a year through domestic supplies of petroleum products.

Putta said that the refinery is going to create 100,000 indirect employments through retail outlets and ease availability of petroleum products in the country.

He noted that the company has completed the training of the first and second batches of Nigerian Engineers in India and that the employees were being acclimatized at site.

Speaking also at the event, General Manager of Dangote Fertilizer Limited, Anurag Jaiswal, described Dangote Fertiliser project as the largest granulated urea fertilizer complex coming up in the entire fertilizer industry history in the world.

 

He put the investment at $2 billion with capacity to handle three million tonnes yearly. Jaiswal, said the impact on the economy of Nigeria and the entire region cannot be over-emphasized.

"This is going to be one of the largest single capacity complex in the world producing in total 8,000 tonnes of urea daily. We'll be having two trains of ammonia and two trains of urea and each train will produce 4,000 tonnes. So in a year it will be 3 million tonnes.

"It is much expensive to import from abroad due to freight cost but it will certainly be cheaper if you are importing from Nigeria. It will have a huge impact on the Nigerian economy because we will be saving a lot of foreign exchange," he noted.

Africa Oil Week's Programme Expanded

Africa Oil Week, the leading international oil and gas event set to take place in Cape Town, South Africa on the 5 – 9 November 2018, will build on 25 years of success by adding a host of sessions and initiatives to their conference programme tailored towards driving transactions, deal-making and new partnerships.

Brand new for 2018 is the AOW Prospect Forum, held in partnership with AAPG and open to ICE delegates, where National Oil Companies, Independents and Geo-service Companies will take to the stage to showcase open acreage, broker farm-out opportunities and present data viewings.

Alongside the Prospect Forum, AOW's Seminar Theatre will also feature varied content across the week. Ministers and CEOs of state owned enterprises from countries including: Republic of the Congo, Ghana, Madagascar and Uganda will be hosting exclusive roadshows and bidding rounds highlighting licensing and investment opportunities to global operators and investors.

The African Local Content Forum, held in partnership with the Nigeria Content Development Monitoring Board (NCDMB) and sponsored by Shell, will host case studies and dedicated panel discussions on three key aspects of Local Content: Workforce Development, Policy and Private Sector on Wednesday 7 November.

This year's event will showcase the AOWomen Initiative, which is designed to mainstream women in energy, develop blueprints for capacity building and gender equality to ensure women have a presence and a voice in shaping energy policy across Africa.

The AOWomen Initiative will kick off with an exclusive breakfast briefing sponsored by Noble Energy on Thursday 8 November. Speakers will include Pam Darwin, Vice President – Africa of ExxonMobil and Mahawa Kaba-Wheeler, Director for Women, Gender & Development at the Africa Union.

AOW will also see the launch of the Student Programme and Future Leaders Initiative. New for 2018, the Future Leaders Initiative offers a half-price ticket to those getting started in the industry, providing a key opportunity for the leaders of tomorrow to network with peers and keep up to date with latest industry trends.

The Student programme will draw over 100 final-year students from leading pan-continental institutions including the University of Cape Town and the University of Namibia, with the aim to inspire a new wave of talent.

The programme grants students access to two days of content at AOW, including two dedicated sessions on capacity development led by Lindiwe Mekwe, CEO of Petroleum Agency South Africa, and Heads of Talent from leading industry organisations.

As Africa Oil Week shifts its focus towards becoming a deal brokering, finance and FID centred  platform, it becomes a must attend business development event like no other in the industry. The Summit will also host a live panel broadcast on CNBC Africa on the morning of Thursday 8 November surrounding future funding models in the African energy sector.

This session will cover topics such as global funding, M&A in the African upstream and funding strategies, presented by expert panellists including: Solomon Asamoah, CEO, Ghana Infrastructure Investment Fund, Paul McDade, CEO, Tullow Oil and Somit Varma, Managing Director, Warburg Pincus LLC.

Directly following the CNBC panel will be three dedicated breakout sessions focusing on the role of global finance in the African upstream and how to drive transactions. These sessions will be moderated by leading industry figures from Latham & Watkins and Deloitte.

 

With an expected audience of 1,300 attendees from over 70 countries, the 2018 Africa Oil Week has truly evolved into the only true go-to event for the African hydrocarbon sector.  

Germany, Ghana Investors Commits To G20 Compact With Africa

By Malise Otoo

According to www.compactwithafrica.org,"The G20 Compact with Africa (CwA) was initiated under the German G20 Presidency to promote private investment in Africa, including in infrastructure.

The CwA’s primary objective is to increase attractiveness of private investment through substantial improvements of the macro, business and financing frameworks.

It brings together reform-minded African countries, international organizations and bilateral partners from G20 and beyond to coordinate country-specific reform agendas, support respective policy measures and advertise investment opportunities to private investors. The initiative is demand-driven and open to all African countries. Since its launch in 2017, the CwA has sparked great interest". 

Following this move, a Germany Ghana Investors forum has been held simultaneously in Berlin and Accra with the aim of bringing together key investors and stakeholders in the realization of the compact.

Speaking during his keynote address on the Private Sector Business Environment in Ghana, Hans Peter Lankes, IFC Vice President, Economics & Private Sector expressed satisfaction about the Private Sector and SME Business climate in Ghana and the effort the Government of Ghana is making to promote an enabling environment for most businesses to thrive across the country.

He stated,'' IFC is active, long-term investor in Ghana, recognizes its potential and good track record. With over $4 billion in total investment commitments since 2008, Ghana is third largest portfolio in Africa''.

It must be said that the G20 compact will benefit Africa in many ways especially coming at the time of the Africa Continental Free Trade Area. It will not only strengthen the capacity of Small and Medium Enterprises (SMEs) on the continent, but also help open up the system for Intra-Africa Free Trade and the EU. 

The African Continental Free Trade Area is the result of the African Continental Free Trade Agreement among all 55 members of the African Union. If ratified, the agreement would result in the largest free-trade area in terms of participating countries since the formation of the World Trade Organization.On his part, H.E Nana Addo Dankwa Akuffo Addo has reaffirmed Ghana’s commitment to the compact, describing the country as, ‘‘a haven of peace, security, and Rule of Law’’.

gain, he assured investors of their investments saying that their investments are protected by facts and in law.

The President of Ghana also reiterated that the G20 Compact with Africa will help promote job creation.

Lastly, Ghana’s Minister of Finance, Ken Ofori-Atta expressed similar views describing Ghana haven made significant progress in the Macroeconomic environment. He made particular mention of the Fintech sector and says he sees a great opportunity for Ghana.  

Madagascar announces the opening of the Madagascar bidding round at Africa Oil Week

OMNIS, in partnership with Africa Oil Week, TGS and BGP, announce a licensing round in Madagascar, to be launched at Africa Oil Week, 5-9th November 2018.

The bidding round continues to highlight the importance of the Oil Week and the fact that it continues to drive new business opportunities for exploration companies in Africa. Paul Sinclair, Conference Director added "The Madagascar bidding round offers a level of excitement that we have never experienced before at the Oil Week.

On top of the 15 confirmed ministers who will lead delegations to Africa Oil Week, we now have a partnership with the Government of Madagascar, TGS and BGP to host what is clearly one of the most exciting round on the continent since the Cote d`Ivoire bidding round in 2017."

Exploration in Madagascar began in the early 20th century with the discovery of heavy oil-rich sedimentary basins in the west, however this frontier region remains relatively under-explored. The Island shares a maritime boundary with Mozambique, which is in the same oil province where large quantities of natural gas have been discovered.

Studies conducted in collaboration with TGS and BGP have resulted in new data that suggest there is significant potential for future discoveries both on and offshore.

"With the aim of intensifying offshore exploration activities, we are delighted to announce that OMNIS will be inviting investment from interested parties, during a licensing round to start in November 2018. We are working together with TGS and BGP to create an attractive environment for exploration in the offshore, and we are confident that this will signal the start of renewed investment for the upstream oil sector in Madagascar," Voahangy Nirina Radarson, General Manager of OMNIS, commented. 

The Madagascar Bidding round will ensure the 2018 Africa Oil Week will be the most exciting Oil Week to date. Alongside the Republic of Uganda Roadshow and the Republic of Congo Bidding Round, Africa Oil Week 2018 is set to be the biggest platform for new ventures in the African Oil and Gas sector.

 

ITE Group plc was founded in 1991 and is now one of the world's leading organisers of international exhibitions and conferences. ITE Group's strategic vision is to create the world's leading portfolio of content-driven, must-attend events delivering an outstanding experience and ROI for our customers.

The Group recently launched its Transformation & Growth (TAG) programme, which is designed to transform the Company from a geographic-led business to a product-led business that focuses on market-leading events, wherever they are in the world.

ITE strives to run the best shows and offer the best service to its customers throughout the world regardless of location. By putting exhibitors and visitors at the heart of everything we do, we plan to drive sustainable growth for our shareholders.

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.

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