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Tag Archives: gas

Gas is fast becoming the new oil

With oil and gas production declines presenting newfound challenges for Africa, stakeholders are pushing for enhanced exploration to help mitigate this trend. Despite global calls to transition to renewable energy sources, Africa still needs its oil and gas reserves if it is to meet its development goals and make energy …

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Why we need African energy banks now

No more begging for foreign financing that only would be awarded if we abandon fossil fuels COMMENT | NJ AYUK | For more than a year, the African Energy Chamber has been pushing back against steadily building pressure to halt new foreign investments in Africa’s oil and gas industry. To …

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How SMEs can tap into oil and gas as first oil nears

Local firms need to enhance their capital base and strengthen corporate governance to benefit from the nascent sector Kampala, Uganda | JULIUS BUSINGE | Small and medium-sized enterprises need to enhance their capital base, embrace partnerships and adhere to high corporate governance standards to reap from the upcoming oil and …

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CNOOC grants FID for Uganda’s oil development

Kampala, Uganda | THE INDEPENDENT | China National Offshore Oil Corporation (CNOOC) has finally closed the long-awaited Final Investment Decision (FID) for the development of Uganda’s oil and gas projects in the Albertine. Energy and Mineral Development Minister, Ruth Nankabirwa stated that the Chinese confirmed that they have authorized an FID …

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Trouble over Mozambique’s gas

The discovery offered major promise for a very poor county but has instead led to escalation of armed conflict | THEO NEETHLING | Recent events in Palma, a town in the volatile Cabo Delgado province in the north of Mozambique, have taken bloodshed in the region to new levels. Dozens …

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Impact of AfCFTA on oil and gas industry

Improved efficiency and competition in the Africa markets will be significantly felt and boost development | SHANTEL MUFANDAIDZA | Created by the African Continental Free Trade Agreement in 2018, the African Continental Free Trade Area (AfCFTA) came into effect on January 01, 2021. Since the World Trade Organisation creation, the …

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Tough times for Africa’s upstream oil and gas

How is the Covid-19 pandemic impacting investment in large-scale oil and gas developments in sub-Saharan Africa? Ian Lewis sees tough times ahead Getting upstream oil and gas projects off the ground in sub-Saharan Africa was challenging before the Covid-19 pandemic. Now the operating environment is even tougher, as the industry contends with …

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