The President of the Association of Companies Providing Services to the Angolan Oil Industry (AECIPA) argued in favor of commercial banks providing financing to oil sector operating companies as a way to help them gain consistency and strength in order to better serve the national economy. In statements to Angop, Bráulio de Brito made this consideration when discussing the Legal Regime on Local Content, in which he deemed the non-existent financial capacity of national companies
The independent hydrocarbon producer, Perenco, has announced the commencement of production at the Boatou field located off the coast of the Republic of the Congo. This achievement comes after the commissioning of four wells between March and May of this year, finally enabling the company to initiate production at the field, which was discovered 39 years ago. With the capacity to produce up to 4,500 barrels per day, the start of production follows a final
Moustapha Bechir, the Director General of Hydrocarbons at the Ministry of Petroleum, Energy and Mines in Mauritania, recently participated in the Mauritanian ministerial panel at MSGBC Oil, Gas, & Power 2023. During the event, he shared insights into Mauritania’s energy hub in Nouakchott, plans for local content development, and infrastructure revamp strategies. Mauritania possesses several strategic assets that contribute to its energy sector. These include its favorable geographical location in proximity to Europe, a vast
Angolan President, H.E. João Lourenço, signed a series of new bilateral cooperation agreements with Portugal’s Prime Minister, António Costa, during a two-day state visit by the Premier to Angola’s capital city of Luanda. H.E. President Lourenço received Prime Minister Costa on 5 June at the Presidential Palace in Luanda. During the two-day visit, talks between delegations of the two countries resulted in the signing of 13 agreements, including a Strategic Cooperation Program 2023-2027 and the
The South Sudan Oil & Power (SSOP) 2023 conference and exhibition, which will take place from 14-16 June in South Sudan’s capital city of Juba, is set to feature a series of keynote presentations and ministerial addresses by a distinguished lineup of international and national ministers from Africa’s energy sector. The opening ceremony, hosted by the Government of South Sudan, will include International Ministerial Addresses. Among the international ministers participating in the event are Hon.
Witness the transformative force of Africa’s burgeoning energy sector at African Energy Week 2023 (AEW), a highly anticipated event hosted by the African Energy Chamber (AEC). From October 16-20, 2023, this prestigious gathering will redefine Africa’s energy landscape, attracting influential experts, industry leaders, government officials, and stakeholders from Africa and around the world. Under the theme, ‘The African Energy Renaissance: Prioritizing Energy Poverty, People, the Planet, Industrialization, and Free Markets,’ AEW aims to chart a
The Invest in African Energy Forum in Paris, organized by the African Energy Chamber in partnership with Rystad Energy and Afreximbank, centered on strengthening Africa-Europe relations while advancing investment in untapped energy opportunities across the continent. During the forum, the Republic of the Congo’s Hydrocarbons Minister, H.E. Bruno Jean-Richard Itoua, provided insight into the country’s gas and marginal field opportunities, laying the foundation for discussions during the African Energy Week conference, scheduled for 16-20 October in Cape Town. Representing one
Since early discoveries of oil and gas in Africa, European investors and project developers have been instrumental in driving project developments, providing capital, technology and expertise and working closely with governments to monetize resources. Now, shifts in dynamics are seeing global stakeholders playing a much larger role in Africa, transitioning from energy players to partners as local content becomes a top priority continent-wide. At the Invest in African Energy Forum in Paris this week – representing a
Energy Capital & Power (ECP) is proud to announce the participation of H.E. Dr. Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers Organization (APPO), as a speaker at the upcoming MSGBC Oil, Gas and Power 2023 Conference and Exhibition – West Africa’s leading event for the energy industry. Dr. Omar Farouk Ibrahim is a Nigerian scholar and public servant with over two decades of experience in government. He is a recipient of numerous academic and
Congo’s Ministry of Hydrocarbons signed a cooperation agreement with French energy services provider Technip Energies during the Invest in African Energy Forum in Paris. Signed by Minister H.E. Bruno Jean-Richard Itoua and Technip Energies COO Marco Villa, the deal will see the parties expand cooperation on capacity building in the fields of onshore and offshore energy developments at a time when the Central African country is looking at expanding its energy market. As per the
