Latest news with #InvestinAfricanEnergies2025
See - Sada Elbalad
4 days ago
- Business
- See - Sada Elbalad
Egypt to Highlight New Licensing Opportunities at AEW 2025
Nada Mustafa Karim Badawi, Egypt's Minister of Petroleum and Mineral Resources, has joined the African Energy Week (AEW): Invest in African Energies 2025 conference, taking place September 29 to October 3 in Cape Town – as a speaker. His participation comes as the country advances its latest licensing round, seeking to increase production through fresh investment in offshore and onshore blocks. With the round set to close in the second half of 2025, Egypt is gearing up for accelerated growth across its upstream industry. Egypt's latest licensing round was launched in March 2025, featuring 13 offshore and onshore blocks across key hydrocarbon regions. Available acreage includes seven undeveloped fields in the Mediterranean Sea, three offshore exploration blocks in the Gulf of Suez and three onshore exploration areas in the Western Desert. The bid round forms part of a broader strategy by the Ministry of Petroleum and Mineral Resources to attract new investment across the upstream sector and follows a previous 12-block round which closed in February 2025. During AEW: Invest in African Energies 2025, Badawi is expected to share insights into the impact these licensing rounds will have on the market. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. Egypt's bold licensing strategy comes as the country strives to mitigate production decline and support the development of high-potential blocks. Under the leadership of the Ministry of Petroleum and Mineral Resources, the country has set a target of drilling 586 oil and gas wells by 2030 and is strengthening collaboration with international partners to realize this goal. Recent deals and exploration milestones align with this strategy, indicating a positive growth trajectory for the country's upstream oil and gas sector. Egypt approved two transactions by Russian energy firm Lukoil in May 2025, covering exploration and production rights for acreage in the South Wadi El-Sahl region of the Eastern Desert and the Wadi El-Sahl area. Energy major ExxonMobil signed an MoU for a new operational framework in the Cairo and Masry offshore concession areas of the Mediterranean Sea while energy major Eni is spearheading a $26 billion investment strategy across three North African countries – including Egypt. In terms of drilling, Eni is preparing to drill two development wells at the Zohr gas field in 2025. ExxonMobil plans to drill a new offshore gas exploration well in the North Marakia Offshore Concession. The Egyptian Natural Gas Holding Company also plans to drill 17 exploratory and evaluation wells in 2025/2026, targeting acreage in the Delta and Mediterranean Sea. The company is investing $434 million in drilling activities. Beyond exploration, Egypt is working toward scaling-up its production and export capacity to support growing demand in both regional and international markets. As one of Africa's top gas producers, Egypt already plays an instrumental part in global supply chains, but upcoming projects stand to further consolidate its position as a global exporter. Turkey is deploying a floating storage and regasification unit (FSRU) to Egypt, which will provide LNG storage and regasification services to the country during peak demand periods in 2025. Another agreement was signed with energy infrastructure firm Höegh Evi for the supply of a FSRU, which will be situated at the Port of Sumed in Q4, 2026. The FSRU enhance the country's regasification and export capacity. Meanwhile, energy major Chevron announced plans to conduct a seabed survey in the eastern Mediterranean, aiming to develop a pipeline that will transport gas from Cyprus' Aphrodite field to processing facilities in Egypt. This will not only support regional gas monetization but cements Egypt's role as a regional petroleum hub. Badawi's insights at AEW: Invest in African Energies 2025 are expected to support both upcoming projects and efforts to integrate regional markets. 'Egypt is not only assessing short-term production strategies but implementing initiatives that ensure long-term growth across the upstream oil and gas industry. Spearheaded by Minister Badawi, the country is advancing its bold licensing strategy, offering blocks that have the potential to transform the exploration and production space. This approach signals a strong commitment by the government to establish a globally-competitive and resilient energy sector in North Africa,' states Tomás Gerbasio, VP Commercial and Strategic Engagement, African Energy Chamber. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
Arabian Post
12-06-2025
- Business
- Arabian Post
AI Drives Revamp of Ageing Oilfields in Africa
Africa's ageing oilfields are undergoing a transformation as artificial intelligence technologies unlock new opportunities for enhanced oil recovery. Operators across the continent are leveraging data-driven systems, machine‑learning and regional policy incentives to revive mature reservoirs, boost output and improve efficiency. Major energy firms have spearheaded this push. SLB opened a 3,200 sq ft Africa Performance Centre in Luanda, Angola on 28 January 2025, designed to offer a collaborative platform for digital tools, AI, new‑energy technology and capacity development for local talent. The centre marks a strategic investment as Angola aims to maintain production above one million barrels per day through to 2030. Meanwhile, global oilfield service providers—including Baker Hughes and Halliburton—have established bases across Africa. Repsol, operating in Libya, Algeria and Morocco, is also integrating AI methods to support EOR efforts. ADVERTISEMENT AI implementation in EOR extends well beyond digital monitoring. It enables predictive modelling, reservoir characterisation and operational optimisation. By analysing geological and production data, AI tools generate more accurate forecasts for reservoir performance and help engineers deploy targeted interventions. Machine‑learning algorithms detect patterns across extensive datasets, revealing insights that traditional models might miss. Policy frameworks have emerged as critical enablers. Angola's 2024 Incremental Production Initiative introduced tax incentives for reinvestment in legacy fields. The initiative already yielded new discovery results, including ExxonMobil's Likembe‑01 well in Block 15. It underscores how fiscal measures can stimulate investment and catalyse technological adoption in older asset bases. At a continental level, the African Union Commission, in May 2025, identified AI as a strategic development priority. This decision is anticipated to open pathways for technology providers and oil operators to strengthen digital infrastructure and EOR capabilities. High‑level platforms such as African Energy Week: Invest in African Energies 2025, scheduled for 29 September to 3 October in Cape Town, underscore this trajectory. Sessions will specifically explore digital transformation, EOR and AI's role in exploration and production. ExxonMobil will enhance the debate through representation by Katrina Fisher, its Angola managing director. Her participation highlights offshore discoveries like Likembe‑01 and Bavuca Sul‑1, exploration activities on Blocks 17/06 and 32/21 alongside TotalEnergies and Angola's national oil agency, and the impact of fiscal frameworks on production. The renewed focus on EOR comes amid changing production profiles. Africa's mature assets supply more than 60 percent of global output, a share projected to grow to nearly 80 percent by 2030. As drilling declines or remains flat, enhanced recovery from existing fields becomes vital to sustaining supply. SLB's Luanda centre is emblematic of that shift. It joins earlier local capacity‑building efforts such as Angola's Integrated Performance Excellence centre, launched in late 2024, devoted to optimising life‑cycle field performance with digital workflows and AI intelligence. SLB is also leveraging its Delfi™ cloud platform and Ora™ deep‑testing solutions to support autonomous drilling and digital reservoir evaluation. Such technology is already delivering results. Rystad Energy reports that 10 percent year‑on‑year decline rates in mature fields can be mitigated through proactive AI‑driven interventions, while real‑time analytics shorten decision cycles and cut operating expenses. Geopolitical contexts further support this transition. Angola's licensing round in early 2024 opened 12 blocks and announced nine offshore and four onshore prospects for 2025—steps that complement policy efforts to inject capital and technology into ageing assets. Challenges remain. Balancing emissions and ageing infrastructure demands that AI deployment aligns with sustainability goals and just energy transition imperatives. African policymakers are under pressure to ensure that AI‑enabled production does not compromise climate targets or deepen energy inequities. At African Energy Week, debate is expected to centre on reconciling EOR with carbon management, capacity development and economic inclusion. Industry leaders aim to forge integrated strategies that couple technological modernisation with environmental stewardship and local benefits.
Zawya
05-05-2025
- Business
- Zawya
African Energy Week (AEW) 2025: Mauritania Energy Minister to Showcase Investment-Ready Projects
Mauritania's Minister of Petroleum and Energy, Mohamed Ould Khaled, will attend African Energy Week (AEW): Invest in African Energies 2025 — taking place from September 29 to October 3 in Cape Town — where he will promote the country's expanding portfolio of energy projects and underscore significant opportunities available to global investors. Following the commencement of production at the Greater Tortue Ahmeyim (GTA) LNG project earlier this year, Mauritania is entering a new phase of energy-driven economic transformation. At AEW 2025, Minister Khaled is expected to spotlight the country's strategic ambitions across both natural gas and green hydrogen sectors, while emphasizing Mauritania's investor-friendly regulatory environment and international partnership potential. Developed by bp and Kosmos Energy in collaboration with national oil companies SMH (Mauritania) and Petrosen (Senegal), the GTA development represents one of Africa's most promising LNG ventures. Phase one is set to produce 2.3 million tons per annum (mtpa) of LNG, with a planned second phase to increase capacity to over 5 mtpa. Backed by over 425 billion cubic meters of gas reserves, GTA will serve as a long-term supply source for international markets, particularly Europe, while delivering substantial revenue, job creation and infrastructure benefits for Mauritania. Building on this momentum, Mauritania is advancing plans to develop the nearby BirAllah gas field, which holds an estimated 80 trillion cubic feet of reserves and could produce up to 10 million tons of LNG annually. The project includes a proposed midstream gas-to-power facility under an Independent Power Producer agreement, with production targeted by 2030 and a total development cost of $17 billion. Beyond BirAllah, Mauritania's natural gas potential is further supported by smaller prospects such as Banda and Pelican, which hold a combined reserve of approximately 1.2 trillion cubic feet. Minister Khaled's participation at AEW 2025 underscores Mauritania's commitment to securing global capital and technology partnerships, as the country positions itself as a competitive and forward-looking destination for energy investment. Beyond hydrocarbons, Mauritania is fast-tracking its clean energy agenda, aiming to produce 12.5 million tons of green hydrogen annually by 2035. The government is proactively advancing policy frameworks – becoming the first country in the world to pass a 'hydrogen code' law – to attract private sector investment and support project development. Key green hydrogen projects include the 30 GW Aman initiative by CWP Global and the 10 GW Project Nour led by Chariot, both of which leverage Mauritania's exceptional solar and wind resources. These projects are poised to position the country as a regional leader in low-carbon energy exports and industrialization. 'Minister Khaled's participation at AEW 2025 is a powerful statement of Mauritania's dedication to leveraging its energy resources for long-term economic transformation. As the country advances both LNG production and green hydrogen development, his engagement with global industry leaders and investors will be key to attracting the capital, technology and partnerships needed to turn Mauritania into a regional energy hub,' states NJ Ayuk, Executive Chairman of the African Energy Chamber. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. Distributed by APO Group on behalf of African Energy Chamber.
Zawya
11-04-2025
- Business
- Zawya
$40B Africa Energy Fund Targets Universal Access – What it Means for Clean Cooking
A new $40 billion Africa Energy Fund, launched at the Mission 300 Africa Energy Summit in Dar es Salaam, aims to provide 300 million people with access to cleaner, more reliable energy by 2030. The initiative aligns with Africa's broader push for sustainable energy solutions, including clean cooking technologies, which remain one of the most critical yet underfunded sectors in the energy transition. As African Energy Week (AEW): Invest in African Energies 2025 approaches, discussions on scaling investment in clean cooking solutions will be high on the agenda, particularly in light of the commitments made by African nations to advance energy access. Access to clean cooking solutions remains one of Africa's most pressing energy challenges. Over 900 million people on the continent still rely on traditional biomass, such as wood and charcoal, for cooking. The health, environmental and economic consequences are severe – household air pollution from these fuels contributes to over 600,000 premature deaths annually, while deforestation and carbon emissions continue to rise. While electrification projects are a major focus of Africa's energy transition, clean cooking remains an urgent issue that requires targeted investment and policy support. The Fund is a step in the right direction and demonstrates global commitment to accelerating energy access and supporting Africa's transition to cleaner, more sustainable energy solutions. The World Bank has pledged $22 billion to support the initiative, while the African Development Bank has committed $18.2 billion. Additional contributions include $2.65 billion from the Islamic Development Bank and $1 billion from the OPEC Fund, highlighting strong financial backing from major international institutions. Several African countries have demonstrated strong commitments to expanding clean cooking access through national policies, targeted financing mechanisms and public-private partnerships. Kenya, seeking universal access by 2028, is advancing LPG expansion, electric cooking and bioethanol alternatives with support from private sector investment and international partnerships. By subsidizing LPG and investing in infrastructure, the country has significantly increased adoption rates. Neighboring Tanzania is integrating clean cooking solutions into its national electrification plan and broader energy transition strategy, supported by a dedicated National Clean Cooking Strategy. Meanwhile, Ghana has adopted a multi-pronged approach, enhancing the affordability of LPG and promoting efficient biomass stoves. The country is also raising public awareness of the health benefits of clean cooking, while encouraging local manufacturing of stoves and fuel alternatives. The newly-launched energy fund not only works to expand electricity access, but also to catalyze economic opportunities by powering industries, businesses and households. Reliable energy is a fundamental enabler of economic growth, and investments in clean cooking align with broader energy access goals by reducing health costs, increasing productivity and improving gender equality. AEW: Invest in African Energies 2025 – the leading energy event for deal-making, policy discussions and industry networking – provides a crucial platform for stakeholders to explore investment opportunities in clean cooking and broader energy access initiatives. Discussions will focus on mobilizing financing for clean cooking projects, including public-private partnerships and carbon credit mechanisms; strategies for integrating clean cooking into national electrification plans; and best practices from leading African countries and how their policies can be replicated across the continent. Discussions will also focus on scaling up investment in clean energy infrastructure, including off-grid electrification and innovative financing mechanisms for clean cooking technologies. With the launch of the Africa Energy Fund and growing momentum around clean cooking investments, Africa stands at a pivotal moment in its energy transition. Achieving universal energy access requires a multi-faceted approach that includes large-scale electrification projects, off-grid solutions and immediate interventions in clean cooking. AEW 2025 provides an opportunity for governments, businesses and investors to align their strategies and secure funding to drive impact. The commitment to connecting 300 million Africans to cleaner energy is ambitious, but with the right policies and investments, it is within reach – and clean cooking solutions must be a central part of the conversation. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. Distributed by APO Group on behalf of African Energy Chamber.
Zawya
03-04-2025
- Business
- Zawya
Ghana Oil Company (GOIL) Chief Executive Officer (CEO) to Speak at Accra Investor Briefing as Ghana Targets Enhanced Fuel Security
Targeting enhanced fuel security, Ghana is driving the development of its downstream oil and gas industry, with advancements in liquefied petroleum gas (LPG), distributed fuel products and aviation fuels. The country's state-owned oil and gas marketing company Ghana Oil Company (GOIL) plays an instrumental part in strengthening the downstream sector. Edward Abambire Bawa, Group CEO and Managing Director of GOIL, is speaking at the Invest in African Energies: Accra Investor Briefing on April 14 at the Kempinsky Hotel. The event is a prelude to the African Energy Week (AEW): Invest in African Energies 2025 conference – taking place in Cape Town from September 29 to October 3 – and will showcase Ghana's extensive oil and gas opportunities, from upstream exploration to midstream infrastructure to downstream distribution and investment opportunities. With ambitions to increase oil production through the expansion of upstream fields, Ghana also strives to enhance its downstream industry, with aims to reduce petroleum imports by scaling-up domestic infrastructure and distribution. At the helm of this ambition is GOIL, which is already renowned for its diverse product offerings and extensive distribution network. This includes a vast network of fuel stations across the country; strong partnerships with global and local stakeholders in the energy sector; and ongoing investment in infrastructure, innovation and sustainable solutions. The company is also one of the leading suppliers of jet fuel at Ghana's Kotoka International Airport, Takoradi Airforce Base and Kumasi Airport. In collaboration with partners, the company also offers jet fuel for export worldwide. Recent developments underscore GOIL's commitment to expanding its distribution infrastructure. In February 2025, the company opened its third service station in Berekum in the Upper Middle Belt Zone; in August 2024, it reintroduced super XP onto the market; and in February 2024, it opened Autogas stations in five regions nationwide. Additionally, in partnership with Ivory Coast's Societé Multinationale de Bitumes, GOIL inaugurated a bitumen terminal and production plant in Tema in September 2024. The $40 million facility has a production capacity of 7,500 metric tons and will produce polymer modified bitumen and bitumen emulsions. The facility also features a laboratory for testing the quality of products as well as storage options. The facility is expected to meet the demand of the country's road construction sector, reducing the import of bitumen products in Ghana. These developments highlight the company's commitment to expanding infrastructure to support the growing demand for petroleum products in Ghana. Stepping into this picture, the Invest in African Energies: Accra Investor Briefing offers an opportunity for the country's state-owned enterprises such as GOIL to share updates on major projects, upcoming investment opportunities and strategic areas of collaboration. During the event, Bawa will share insights on GOIL's strategic initiatives to enhance the nation's oil and gas infrastructure, underscoring the critical need for increased investments across the entire energy value chain to bolster Ghana's economic growth and energy security. 'GOIL continues to make significant strides toward strengthening the entire oil and gas value chain in Ghana. With a commitment to enhancing domestic fuel security and reducing imports, the company is looking at working more closely with international partners to modernize energy infrastructure, boost petroleum product distribution and scale-up capacity building across the downstream sector. GOIL's projects and forward-looking development strategy exemplify the proactive steps needed across the country to attract investment and enhance the value chain,' stated NJ Ayuk, Executive Chairman, African Energy Chamber. Distributed by APO Group on behalf of African Energy Chamber.
