Africa Oil Corp has signed two production sharing contracts (‘PSCs’) with the Republic of Equatorial Guinea for offshore Blocks EG-18 and EG-31.
The United Nations Development Programme (UNDP) and the Federal Government of Somalia have launched the Africa Minigrids Program (AMP) in the country.
With over 125 billion barrels of crude oil reserves and 620 trillion cubic feet of natural gas – estimates that are expected to further increase as multi-year exploration campaigns yield new discoveries – Africa is well-positioned to usher in long-term and sustainable economic growth on the back of hydrocarbon development.
Cementing Africa’s upstream revival, 2023 will see the launch of several multi-well drilling campaigns across the southern and western parts of the continent.
Tullow Ghana has concluded a 10-month long Supplier Finance Readiness Programme designed to provide selected suppliers impacted by the Covid-19 pandemic
Russia is energy self-sufficient. It does not need to import energy from Africa, it can only act as a fortified gatekeeper
The East African Crude Oil Pipeline (EACOP) represents a critical solution to making energy poverty history in Africa by 2030
The corporate is now hoping to broaden in Africa, with new bulletins anticipated by the tip of the 12 months.
As global demand for gas continues to rise and importing countries suffer supply headaches, the production outlook for the region is promising.