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

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

Case study: Using satellite for remote drilling in Algeria

The challenge Like many organisations across the oil and gas industry, Berkine’s operations are characterised by far-flung drilling sites, adverse environments and demanding operating conditions, in order to respond to … Read More

Algeria hosts the 22nd Ministerial Meeting of the Gas Exporting Countries Forum

The 22 nd Ministerial Meeting of the Gas Exporting Countries Forum (GECF) was held on the 12 November 2020, under the Chairmanship of HE Abdelmadjid Attar, Minister of Energy of … Read More

ALGERIA: Sonatrach & Wintershall Dea Sign MoU to Enhance Cooperation

Wintershall Dea has signed a Memorandum of Understanding with Sonatrach, aimed at strengthening cooperation in Algeria. The MOU agrees to explore cooperation possibilities and has a term of two years, … Read More

Middle East & Africa Oil and Gas Pipeline Sector Still Reeling From Impacts of Weak Demand and COVID-19

The Middle East and African (MENA) oil and gas pipelines sector has been impacted due to low oil prices and weak demand as a result of COVID-19. The pandemic has … Read More

ALGERIA: SONATRACH, PTTEP, PVEP & MAIRE Tecnimont Sign Contract For The Creation of a 2nd Oil Treatment Train at Bir Sebaa

The Bir Sebaa Group, made up of SONATRACH and its two partners PTTEP and PVEP, on the one hand, and the Italian company specialized in Engineering Mayor Tecnimont, on the … Read More

Equatorial Guinea Presents Offer to Join OPEC in 2017

Gabriel Mbaga Obiang, Minister of Mines and Hydrocarbons, travelled to Vienna on January 20 to meet with OPEC officials and present the Government of Equatorial Guinea’s offer to become the … Read More

Opportune Time for Africa Oil & Gas Industry to consider Change: PwC Oil & Gas Review

The decline in the global oil price has led to a reduced level of activity across the African continent and had an impact on countries that traditionally depend on oil … Read More