Capex within Africa’s oil and gas sector to hit $30 billion in 2022

Despite global capital expenditure having been on a downward spiral between 2014 and 2020- owing largely to COVID-19 pandemic spending trends and energy transition-related divestment in Africa – the African … Read More

Kosmos Energy Announces Fourth Quarter and Full Year 2021 Results

FOURTH QUARTER 2021 HIGHLIGHTS Completed the acquisition of additional interests in the Jubilee and TEN fields in Ghana for ~$550 million (~$460 million after post-closing adjustments) Net Production(2)(3): ~70,000 barrels of oil equivalent per day … Read More

Gas Output from Sub-Saharan Africa set to Double by 2030, Driven by Deepwater Developments

Untapped natural gas supplies in Sub-Saharan Africa are set to be unleashed this decade, with output more than doubling from 1.3 million barrels of oil equivalent per day (boepd) in … Read More

SENEGAL: President Promotes a Participatory, Multi-institutional & Collaborative Approach on Oil and Gas Revenue Management

With the utmost ambition and desire for all Senegalese people to benefit and prosper from their country’s natural resources, President Macky Sall demonstrated his determination to implement reforms to fully … Read More

SENEGAL: Saipem Contracts Fugro’s Inclinocam® for Greater Tortue Ahmeyim field’s Precise Pile Positioning

Fugro has been awarded by Saipem a monitoring contract to support the construction of a liquid natural gas (LNG) jetty for BP’s Greater Tortue Ahmeyim field offshore Senegal/Mauritania. Beginning in … Read More

Senegal´s Petroleum Code: Promoting Local Content, State Ownership of Hydrocarbon Resources, and Environmental Sustainability

By Miguel Artacho Senegal adopted a new Petroleum Code on January 24, 2019, which aims to reinforce the preservation of national interests and local content. The new code goes significantly … Read More

GUINEA BISSAU: Independent E&P Companies, IOC´s Unlock Prospective Offshore MSGBC Acreage

By Miguel Artacho, Field Editor Oil and gas investors with an interest in Africa have made significant investments in some of the countries of the MSGBC Basin – which comprise Mauritania, Senegal, … Read More