AOP’s Top 5 Most Read from 2018

Africa Oil & Power produced a wide-range of articles, news and analysis on Africa’s oil and power sectors. Here were your favorites from the last year.

Somalia to implement oil mining framework

Mogadishu — The Ministry of Petroleum and Mineral Resources of the Federal Republic of Somalia has drafted regulations to manage the country’s petroleum and mineral resources sectors, especially in regard to ownership and revenue sharing.

The agreement was made by the federal government and the federal member states of the National Security Council and facilitated and assisted by the World Bank and the Council for Inter-State Cooperation.

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China makes inroads into African energy

For most African countries, Chinese investment cannot come quick enough. The continent’s power sector alone requires $450 billion through 2030, with about 600 million people in Sub-Saharan Africa lacking access to electricity today. The oil and gas industry is estimated to need over $2 trillion in investment between 2013 and 2035.China has stepped up to fill those gaps.

Africa, with its abundant natural resources, wealth of infrastructure opportunities and convenient location, is a perfect match for China’s global infrastructure plan, “One Belt, One Road,” which sets out to create new land and sea trade routes to ensure energy supplies, increase foreign trade and promote Chinese enterprise and products.

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South Sudan responds to US oil industry restrictions

On March 21, the U.S. Department of Commerce implemented new restrictions on the import of American petroleum technology to the Republic of South Sudan. The restrictions impact the Ministry of Petroleum, Ministry of Mining, national oil company Nilepet and 12 operators and service companies. The following is a statement issued on March 22 by the Ministry of Petroleum.

The Ministry of Petroleum of the Republic of South Sudan urges the United States government to work with the Republic of South Sudan to overcome the challenges faced by the oil and gas industry and the economy at large in the country.

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The Gambia to Begin Oil Exploration in 2018

The Government of the Republic of the Gambia will begin Oil and Gas exploration in 2018. The government issued a permit to FAR Ltd. (FAR), an Australian Securities Exchange listed Oil and Gas Company to drill Erin Energy’s offshore A2 and A5 blocks located offshore Gambia.

Going with the terms of the farm-out agreement approved by the Government of the Republic of The Gambia, FAR will fund Erin Energy through the first exploration well by making an upfront payment of USD 5.18 million and will carry USD 8.0 million of Erin Energy’s share of costs in a planned exploration well to be drilled late 2018.

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Equatorial Guinea to Construct a Gas Megahub

London – Equatorial Guinea’s government has announced its plans to construct a natural gas megahub project. This will consist of interlinked production, aggregation and processing facilities offshore and onshore, and will tie in to existing facilities. The project is led by the Ministry of Mines and Hydrocarbons (MMH) in collaboration with oil and gas companies.

The first phase of the project is to implement a new gas supply agreement signed between the MMH and Noble Energy, operator of the Aseng and Alen fields in Block I/O. Gas will be supplied to the Punta Europa gas complex, which includes the Malabo power station, AMPCO methanol plant and Equatorial Guinea LNG plant. The agreement, combined with new subsea pipelines linking the Aseng, Alen and Alba fields, will replace some of the gas production lost as the Alba field declines.

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Bonus: Energy Coalitions: Our theme for AOP 2018

The need to build energy coalitions is certainly not new. Indeed, industry experts and analysts have been clamoring for a united global front, intra-African cooperation and private sector efficiencies for years. But the sustained low oil price environment has forced a conversation on possible collaborations, and, throughout the industry, new and improved energy coalitions are forming. Perhaps for the first time in modern history, this new emphasis on coalition-building has the ability to transform the energy sector from the inside out.

The main theme for AOP 2018 is Energy Coalitions.

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