Hope For Quick Resolution Of Disagreements Over Fuel Shortages In Tanzania

The African Energy Chamber expresses its concerns over the alleged arrest and detention of three energy executives in Tanzania last week. Total Tanzania’s Managing Director Jean-Francois Schoepp, Puma Supply Manager Adam Eliewinga and Oryx’s representative August Dominick were arrested for questioning and taken into custody while attending a consultative meeting between oil marketers and the Energy and Water Regulatory Authority (Ewura) in Dar es Salaam. The African Energy Chamber is calling for the respect of the rule of law, and asking that they be afforded all due processes as required by Tanzanian law. Given how critical these times are the ongoing economic crisis across the continent because of the Covid-19 pandemic, the Chamber is hoping for a quick and amicable resolution to such disagreements that are detrimental to Tanzanian citizens.“We hope that any ongoing disagreement between oil marketers and the Tanzanian government will be quickly resolved so everyone can get…

Atlas Petroleum Resumes Development Of OML109 In Nigeria

Over the weekend, Atlas Petroleum International has resumed work over activities and well interventions on OML 109 in Nigeria in order to enhance production from the Ejulebe marginal field. Awarded to Atlas Petroleum International in 1991, the block entered into production through the development of the Ejubele discovery in September 1998.OML 109 comprises 14 identified and mapped prospects and leads, and an un-risked resource potential in excess of 500 million barrels of oil equivalent. Its low cost operating environment in shallow water and proximity to existing oil and gas infrastructure such as the Escravos Terminal make it one of the most attractive assets in the Niger Delta, with significant untapped and under-explored hydrocarbons potential. “The renewed development of OML109 will bring a boost to local content development in Nigeria, and support the industry’s recovery following the Covid-19 crisis. As Nigeria multiplies efforts to build domestic capacity and develop the Nigerian…

European Travel Bans Hurting Oil & Gas Ability To Support Africa's Economic Recovery

The continuation of travel restrictions and suspension of visas and travel between Africa and Europe is heavily restraining the oil & gas industry's recovery efforts. Because of its international nature, the oil & gas sector relies on global value-chains and successful cooperation and movement of people, goods and services between foreign and local contractors. The ongoing travel bans and restrictions of visa issuance are de facto preventing a lot of projects to move forward and to successfully contribute to the recovery of the continent.Major international oil companies such as Total, BP, Shell, Eni, ExxonMobil, Chevron or Equinor and independents such as Kosmos Energy, BW Energy, Maurel & Prom or Tullow Oil that operate a major share of Africa's daily oil and gas production are currently unable to operate fully and safely because of such travel restrictions. Similarly, they directly impact the operations of the major international services and EPC companies…

Angola Committed To Meeting Energy Objectives Amid COVID-19

Africa Oil & Power, the African Energy Chamber and the U.S.-Angola Chamber of Commerce united to present, ‘Powering Forward: The Pathway to Grid Stability, Increased Capacity and a Diversified Angolan Economy,” on Thursday. The webinar addressed how Angola can continue to prioritize its development of national transmission and distribution capacities in the long-term, with a view toward increasing electrification, job creation and economic growth. The panelists included Maria da Cruz, President & CEO of the U.S.-Angola Chamber of Commerce; Paul Ghiotto, Deputy Political-Economic Chief/Energy Officer, Political-Economic Section, U.S. Embassy Luanda and Frederico Martins Correia, Energy, Resources & Industrials Partner, Deloitte.‘Powering Forward: The Pathway to Grid Stability, Increased Capacity and a Diversified Angolan Economy’ explored the long-term and strategic outlook for the Angolan power sector on Thursday through a public webinar hosted by Africa Oil &Power (AOP), the African Energy Chamber and the U.S.-Angola Chamber of Commerce.Until 2025, power demand in…

Uganda's 2nd Licensing Round Application Deadline Set For September

Among the few ongoing licensing rounds on the continent this year is Uganda's Second Licensing Round, announced by the Ministry of Energy and Mineral Resources last year. The deadline for submitting the application for qualification on the five blocks on offer in the Albertine Graben is September 30th, 2020.The acreages on offer have become even more attractive since Tullow Oil announced the sale of its entire stake in the Lake Albert Development Project earlier this year to Total. The agreement puts an end to a long-standing capital gains tax dispute with Ugandan authorities, and opens up the way for the upstream development of up to 200,000 bopd by Total and CNOOC, along with an oil refinery and an oil export pipeline to through Tanzania.As Total and CNOOC develop billions of barrels of proven oil reserves near Lake Albert, the government is committed to attracting more investment into the development of…

Equatorial Guinea Adopts New Petroleum Regulation

The Ministry of Mines and Hydrocarbons (MMH) of the Republic of Equatorial Guinea has announced the adoption of the new Regulation of Petroleum Operations, Regulation No. 2/2020 of June 15th, 2020.The new Regulation modernizes Equatorial Guinea's existing regulatory framework and is intended to maintain the country's attractiveness for foreign investors. It notably covers key matters such as the extension of the productive life of mature fields though mechanisms allowing operators to generate greater value from these assets; the exploration of marginal and onshore fields along with investments in deep and ultra deep water acreages; the monetization of gas and the development of the petrochemicals industry, along with further integration of the national workforce and local companies across the value-chain."This new Regulation gives an opportunity to the Republic of Equatorial Guinea to continue being a world reference in the hydrocarbons sector. To maintain our position, we must be prepared, with updated…

What It Takes To Get A Marginal Oil And Gas Field In Nigeria

By Zion Adeoye Following its marginal fields licensing rounds in 2001 and 2013, the Nigerian Department of Petroleum Resources (DPR) recently released guidelines on the 2020 licensing round. Under the 2020 licencing round, a total of 57 fields located onshore, swamp, and shallow offshore terrains are on offer; while the ongoing Nigerian Marginal Fields Bidding Round is a purely domestic process, the development of these marginal acreages and discoveries will open up various avenues for partnerships with international capital and technology providers.Nigeria's marginal fields licensing rounds have been the cornerstone of Nigeria's upstream local content development strategy since the early 2000s and previous rounds gave birth to what are now strong local and regional African E&P companies. The move has been so successful that it is now being followed by other key African oil producing countries such as Angola and Gabon.In Nigeria, previous rounds have given the opportunity for local…

MENA Region To Get $792bn APICORP Planned Five Year Investments

The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, estimates that planned and committed investments in the MENA region will exceed USD792bn over the next five years (2020–2024). As per APICORP's MENA Energy Investment Outlook 2020-2024, which it launched today, the amount marks a USD173mn decline from the USD965bn in last year's five-year outlook.The overall decline in the investment outlook - mostly in planned investments - is largely attributed to the 2020 triple crisis: the COVID-19-related health crisis, oil crisis and a looming financial crisis.Despite these difficult circumstances however, the GCC region's committed investments increased by 2.3% compared to a 6% overall decrease in the MENA region as a whole, indicating a higher project execution rate in the GCC.The fallout from the 2020 triple crisisAt the end of the first quarter of 2020, most countries around the world were facing the same dilemma in how to deal with…

Compliance With Production Cuts Ahead Of Next OPEC Meetings Emphasized

As OPEC prepares to host the 179th Meeting of the OPEC Conference and 11th OPEC and non-OPEC Ministerial Meeting via videoconference next week, the African Energy Chamber is calling on African producers to extend production cuts and remain compliant with their obligations.The historic deal reached by OPEC and OPEC+ last April, which took effect a month ago, is slowly starting to take effect. Along with gradual reopening of global economies, production cuts are pushing prices back to $40/barrel much quicker than initially thought. This is a clear indication that the OPEC strategy and its global deal are working, and the same kind of industry cooperation spirit that supported the April 2019 deal needs to remain in place.“Now is not the time to relax or rejoice too soon, and we need to maintain a strong compliance with the previously agreed deal of April 2019 and extend production cuts,” declared Nj Ayuk,…

Energy Leaders Give Insight On The Future of Kenya's Oil & Gas Transition

Under the theme ‘Moving Kenya Forward: Oil Production and New Exploration Under COVID-19,’ Africa Oil & Power and the African Energy Chamber provided energy industry leaders a platform to share strategies and thoughts on how Kenya’s oil and gas sector can deal with the implications caused by COVID-19.The Kenya webinar featured Hon. Dr. Elly Karuhanga, Chairman of the Uganda Chamber of Mines & Petroleum & Chairman, Private Sector Foundation Uganda; Doris Mwirigi, Chief Operating Officer of Energy Solutions Africa; Toks Azeez, Sales and Commercial Director for Sub Saharan Africa, Baker Hughes; Mwendia Nyaga, Chief Finance Officer of Oilfield Movers and Brian Muriuki, Managing Director & Country Chair of Royal Dutch Shell Ghana.Kenya’s oil and gas industry is in a state of transition, as its major oil and gas development — Blocks 10BB and 13T in Turkana — has been put on hold, with Tullow Oil submitting a notice of force…
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