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Energy Capital & Power

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    • Left to right: H.E. Ali Al-Rida, Minister of Labour and Rehabilitation, Libya; Aref Boualwan, Chief Initiatives and Startup Officer, Consolidated Contractors Company; Ibraheim Mejerissi, Managing Director, Wazen Oil Services; Mohamed Mahjoub, GM of HR, Ministry of Oil and Gas; Adel Omrani, Services CEO for GE Gas Power MENA; Jamal Al-Lamoushi, Chairman, Privatization and Investment Board; and Rebecca Murray, Journalist, Al Jazeera
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Source: Energy Capital & Power |

Libya’s Energy Sector: A Catalyst for Job Creation and Capacity Building

Libya has the potential to redirect investment towards renewables, while facilitating a platform through which a new generation of locally trained workers may be better positioned to benefit from Libya’s energy industry

A panel featuring representatives from the National Oil Corporation of Libya and the Libyan Petroleum Institute, as well as representatives from Libyan petroleum operating and service companies, gathered in Tripoli during day two of the Libya Energy & Economic Summit 2021 to discuss important issues facing Libya’s energy sector and…

Energy Capital & Power
Source: Energy Capital & Power |

Positioning Women as the ‘Engine of Growth’ in the Oil and Gas Industry

The ‘Women in Energy’ webinar hosted by Africa Oil & Power (AOP) and the African Energy Chamber on Thursday united Africa’s female energy leaders

The ‘Women in Energy’ webinar, which was co-hosted by Africa Oil & Power (www.AfricaOilAndPower.com) and the African Energy Chamber on Thursday identified education, gender bias and access to capital as key inhibitors to proportionate female representation within the oil and gas industry; a recent McKinsey study places female industry participation at…

Energy Capital & Power
Source: Energy Capital & Power |

Angola Committed to Meeting Energy Objectives Amid COVID-19

Until 2025, power demand in Angola is expected to grow at a substantial rate, with the overall system load reaching 7,200 MW

Africa Oil & Power (http://www.AfricaOilandPower.com), 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…

Energy Capital & Power
Source: Energy Capital & Power |

Diversified Energy Mix for A Clean Energy Transition

The African Energy Chamber and Africa Oil & Power hosted a webinar focusing on renewable energy development in the short and long term

COVID-19 has intensified the debate on the global renewable energy transition; the African Energy Chamber and Africa Oil & Power (www.AfricaOilAndPower.com) hosted a webinar focusing on renewable energy development in the short and long term; seventy-two percent of the world’s installed capacity in 2019 originated from renewable resources. The world’s…

Energy Capital & Power
Source: Energy Capital & Power |

Senegal: A West African Leader on the Rise (By Thomas Hedley, Field Editor)

Senegal has demonstrated strong ambition for economic development and rapid progress towards becoming an attractive investment destination

By Thomas Hedley, Field Editor Although they are located 1,800Km from each other, Côte d'Ivoire and Senegal vie for the place of economic leader in West Africa, with a slight advantage for the former which, thanks to its leading economic capital Abidjan, was able to attract many investors, particularly French speaking.…

Energy Capital & Power
Source: Energy Capital & Power |

Investment Report examines Angola Oil and Gas Projects

The available-for-download report provides the status of several investment projects in development in Angola

Africa Oil & Power launched its Africa Energy Series Special Report: Angola 2020 on Thursday; the available-for-download report provides the status of several investment projects in development in Angola, including its 2020 licensing round, construction of gas processing facilities in Soyo, and more; the publication follows the announcement of the new dates…

Energy Capital & Power
Source: Energy Capital & Power |

Equatorial Guinea takes bold action to aid explorers

Major U.S. upstream firms to benefit include Kosmos Energy, VAALCO Energy and more

The Ministry of Mines and Hydrocarbons will grant two-year block extensions and ease capex requirements for E&P companies amid industry downturn; major U.S. upstream firms to benefit include Kosmos Energy, VAALCO Energy and more; the measure reflects broader efforts to drive global investment into Equatorial Guinea in line with its…

Energy Capital & Power
Source: Energy Capital & Power |

Equatorial Guinea’s Oil and Gas Sector tackles COVID-19 Strategy (By Grace Goodrich, Field Editor at Africa Oil & Power)

The country is projected to be one of the hardest hit African economies by the global pandemic

By Grace Goodrich, Field Editor at Africa Oil & Power Equatorial Guinea’s leading energy players united in a webinar on Thursday to address the impact of COVID-19 on the country’s oil and gas sector and delineate mitigation measures to sustain its pace of engagement with global investors. With a sharp…

Energy Capital & Power
Source: Energy Capital & Power |

OPEC+ slashes production, saves Oil Industry from collapse

Up to 20 million barrels of oil per day could come off the market in combined efforts

In a watershed moment for the oil and gas industry, OPEC and its allies in the OPEC+ group finalized a deal on Easter Sunday that, in conjunction with efforts from the G20 and International Energy Agency, could see up to 20 million barrels of oil per day removed from a…

Energy Capital & Power
Source: Energy Capital & Power |

CORRECTION: OPEC+ at Brink of Ending Oil Price War, awaits G20 Meeting for OPEC++ Deal

From July to December, overall production cuts will lower to 8 million barrels per day, followed by 6 million barrels per day from January 2021 to April 2022

In a move to save the oil industry — facing the biggest crisis in its history — OPEC and Russia have agreed on new production cuts, with the OPEC+ group agreeing to eliminate 10 million barrels of crude per day for an initial two-month period to save a glutted oil…