What happens to the African Energy Industry if Western Lenders cut off Loans for Fossil Fuel Projects?

By NJ Ayuk A little more than a year ago, in November 2019, the European Investment Bank (EIB) declared its intention to phase out funding for fossil fuels. Specifically, it said … Read More

What the U.S. Political Transition Might Mean for Africa Generally & Its Oil and Gas Sector in Particular

By Jude Kearney, Chairman of the US/Africa Committee of the Africa Energy Chamber  2021 could be the beginning of a much needed reset for US relations with Africa and its … Read More

Angola and Africa must support Minister Diamantino at OPEC for their oil sector to prosper

The election of Angola to the rotating presidency of the conference of ministers of OPEC has thrust Minister Diamantino Pedro Azevedo, Minister of Mineral Resources, Petroleum and Gas of Angola … Read More

Many of Africa’s Oil and Gas Companies in Distress or Battling with Liquidity Post-COVID-19

Global law firm Baker McKenzie’s recent Global Oil and Gas Survey: Response to the Oil Price Crisis, outlines how before the outbreak of the COVID-19 pandemic, the global oil and gas industry was … Read More

Nigeria to Spearhead Africa Refinery Capacity Additions by 2024

Nigeria is expected to drive the refinery capacity growth in Africa by 2024, contributing around 71% of the region’s total growth. Nigeria is likely to add 1.5 million barrels per … Read More

The UK’s Decision to Halt Funding for New Oil & Gas Projects Ill-founded and Counter productive

The United Kingdom has recently declared that it will stop support and funding to any new oil, gas and coal projects on the 5th anniversary of the Paris Agreement. While this … Read More

African Midstream Operators Withdraw Investment Plans Amid COVID-19 Turmoil

The COVID-19 pandemic and weak global economic outlook, coupled with fragile energy demand has resulted in a decline in oil and gas prices. The all-pervasive nature of these circumstances has also … Read More

African Countries must develop Strategic Fiscal Policies to Survive Oil and Gas Industry Changes on Horizon

The future of the global oil and gas industry has been a subject of great fascination and debate for decades. Since COVID-19 surfaced, there has been even more conjecture on … Read More

CrossBoundary Energy Raises $40M to Scale Financed Solar for Businesses in Africa

CrossBoundary Energy (CBE) has announced the exit of its first fund at a 15% net IRR to investors. ARCH Emerging Markets Partners’ Africa Renewable Power Fund (ARCH ARPF) is providing … Read More

The Rise of the Independents, the Energy Transition and Natural Gas Emerge as Key Themes as Industry Unites Once Again

AOW  Virtual, an online summit from the team behind Africa Oil Week, took place 7-8 October; Thirty speakers and hundreds of delegates dialled in from all over the world. Day … Read More