Source: African Energy Chamber |

African Energy Chamber endorses the Nigeria International Petroleum Summit 2019

The attending investor groups among the chamber’s members represent billions of dollar worth of inbound investments to the Nigerian oil & gas sector

The African Energy Chamber (www.EnergyChamber.org) proudly endorses the Nigeria International Petroleum Summit (NIPS) (www.NigeriaPetroleumSummit.com), to be held in Abuja’s International Conference Centre on January 27-30, 2019. Our members, which include the majority of the international oil companies (IOCs), services companies and many African players will be in Nigeria to participate in…

Ministry of Mines and Hydrocarbons, Equatorial Guinea
Source: Ministry of Mines and Hydrocarbons, Equatorial Guinea |

Equatorial Guinea Primed for Huge Growth as Host of 2019 ‘Year of Energy’

11 new oil and gas wells to be drilled in 2019, with $2.4 billion investment

2019 to be bumper year for Equatorial Guinea’s oil and gas sector, with Year of Energy (https://YearOfEnergy2019.com/) initiative providing impetus for intra-African cooperation; 11 new oil and gas wells to be drilled in 2019, with $2.4 billion investment; Emphasis placed on economic diversification, underscored by energy sector growth After a year of…

Source: United Nations Support Mission in Libya (UNSMIL) |

UNSMIL Statement on the Deteriorating Situation in Southern Libya, the Shutting Down of Sharara Oil field

The Mission calls for the immediate and unconditional withdrawal of the armed elements from the area

The United Nations Support Mission in Libya (UNSMIL) expresses its strong condemnation of Sunday’s consecutive, but unrelated, attacks against civilians and facilities in the South of Libya and calls on the Libyan authorities to take prompt and effective action against the lawlessness engulfing the region. The murder of six hostages…

Source: Ministry of Mines and Hydrocarbons, Equatorial Guinea |

Equatorial Guinea: Oil Producers should ‘Stand Together’

Collaboration of Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers in committing and adhering to oil production cuts resulted in the historic Declaration of Cooperation in 2017

The Ministry of Mines and Hydrocarbons, representing the Government of Equatorial Guinea, calls for unity amongst oil producing ahead of this week’s 175th Ordinary Meeting of the Organization of Petroleum Exporting Countries in Vienna. The meeting will be a critical juncture for the organization as it grapples with declining oil…

Vantage Capital Group
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    • Vantage Capital provides a €19 million mezzanine facility to Pétro Ivoire in the first-ever leveraged management buyout in Francophone West Africa (1)
    • Vantage Capital provides a €19 million mezzanine facility to Pétro Ivoire in the first-ever leveraged management buyout in Francophone West Africa (2)
    • Vantage Capital provides a €19 million mezzanine facility to Pétro Ivoire in the first-ever leveraged management buyout in Francophone West Africa (3)
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Source: Vantage Capital Group |

Vantage Capital provides a €19 million mezzanine facility to Pétro Ivoire in the first-ever leveraged management buyout in Francophone West Africa

Vantage’s funding has enabled the founding family to regain a controlling equity stake in the company by facilitating the buy-back of equity from two exiting private equity investors, Amethis and the West Africa Emerging Markets Growth Fund

Vantage Capital (www.VantageCapital.co.za), Africa’s largest mezzanine fund manager, announced today that it has provided €19 million of mezzanine funding to Pétro Ivoire, a leading distributor of oil & gas products in Côte d’Ivoire. The company operates a network of 72 petrol stations across the country (3rd placed after Total and…

African Energy Chamber
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    • African Oil Producers must support Organization of the Petroleum Exporting Countries (OPEC) efforts to Restore Stability to the Oil Markets with Continued Production Cuts (1)
    • African Oil Producers must support Organization of the Petroleum Exporting Countries (OPEC) efforts to Restore Stability to the Oil Markets with Continued Production Cuts (2)
    • African Oil Producers must support Organization of the Petroleum Exporting Countries (OPEC) efforts to Restore Stability to the Oil Markets with Continued Production Cuts (3)
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Source: African Energy Chamber |

African Oil Producers must support Organization of the Petroleum Exporting Countries (OPEC) efforts to Restore Stability to the Oil Markets with Continued Production Cuts

The Chamber urges African producing nations, both those that are Organization of the Petroleum Exporting Countries (OPEC) members and Non-OPEC members to speak up with one voice in support of OPEC’s policy on stabilizing the market

The African Energy Chamber (https://EnergyChamber.org) urges the Organization of the Petroleum Exporting Countries and other key global oil producers, including Russia, to continue with the historic production cuts at the December 6, 2018 OPEC meeting to stabilize the oil price. Oil prices have dropped by about 20 percent in November,…

Source: Republic of South Africa: The Parliament |

Energy Committee adopts Draft Integrated Resource Plan 2018

The Department of Energy briefed the committee on the draft Integrated Resource Plan (IRP) in September

The Portfolio Committee on Energy adopted its report on the draft Integrated Resource Plan (2018). The Department of Energy briefed the committee on the draft IRP in September. The Portfolio Committee on Energy resolved during the meeting to make the following recommendations, following its public hearings which were conducted in…

The Department of Trade and Industry, South Africa
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    • The South African High Commissioner to Mozambique Mr Mandisi Mpahlwa with the Provincial Permanent Secretary of Mozambique’s Cabo Delgado Province, Mr Antonio Domingos Mapure
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Source: The Department of Trade and Industry, South Africa |

Huge potential for South African companies in Mozambique’s Cabo Delgado province

Mapure thanked the businesses for joining the province in writing the new story of oil and gas and showed confidence in the growth of the economy post the trade and investment mission

The Provincial Permanent Secretary of Mozambique’s Cabo Delgado Province, Mr Antonio Domingos Mapure has extended an invite to the South African businesspeople to invest and do business in the province. Mapure was delivering an address at a Trade and Investment Seminar. The seminar was the first leg of the week-long Outward…

Source: EnergyNet Ltd. |

Cape Town meeting to discuss next steps and opportunities for South Africa’s Black Industrialists Programme

This meeting takes place alongside the International Gas Cooperation Summit and the Southern Africa Renewable Energy Summit at the Westin Cape Town Hotel

The second Black Industrialists Energy Summit (www.BIES-SA.com) will be hosted in Cape Town from 11-12 December as part of ‘EnergyWeek South Africa.’  This meeting takes place alongside the International Gas Cooperation Summit (www.IGCS-SA.com) and the Southern Africa Renewable Energy Summit (www.SARES-SA.com) at the Westin Cape Town Hotel. Localisation policies have…

Source: Ministry of Mines and Hydrocarbons, Equatorial Guinea |

Equatorial Guinea congratulates international oil services companies TechnipFMC and Schlumberger for their proactive steps towards local content compliance in Equatorial Guinea

The announcement follows the decision, earlier this week, to cancel all contracts awarded to international oil services firm Subsea 7 for failure to comply with local content rules in Equatorial Guinea

The Minister of Mines and Hydrocarbons has commended international oil services companies Schlumberger and TechnipFMC on their proactive measures taken to comply with Equatorial Guinea’s local content regulations. “Both Schlumberger and TechnipFMC have a long history of working in our country, and their recent engagement with local companies, commitment to…