Africa Energy Bank Gains Momentum with Capital Contributions from Nigeria, Angola and Ghana
In a significant development for Africa’s energy sector, Nigeria, Angola and Ghana have fulfilled their capital commitments toward establishing the Africa Energy Bank (AEB). This milestone represents 44% of the minimum required funding from African Petroleum Producers Organization (APPO) members to initiate the bank’s operations. Dr. Omar Farouk Ibrahim, Secretary
EACOP , Tanzania Liquefied Natural Gas Set to Transform the Region
Representing a strategic oil and gas frontier, the East African region offers significant opportunities for investors. Large-scale infrastructure projects such as the East African Crude Oil Pipeline (EACOP) and Tanzania LNG project are not only expected to drive economic growth in the region, but also trigger an oil and gas
Uganda secures Shs 18.3 trillion funding for Oil pipeline
The company behind Uganda’s East African crude pipeline (EACOP) has secured its first tranche of external financing from a consortium of institutions, including commercial banks and Afreximbank, EACOP Ltd announced on Wednesday. EACOP is a key component of a broader $15 billion (Shs 18.3 trillion) energy initiative led by TotalEnergies,
AEW 2025 to Host National Oil Company (NOC)-International Oil Company (IOC) Forum in Cape Town
This year’s African Energy Week (AEW): Invest in African Energies conference will debut the first-ever National Oil Company (NOC) and International Oil Company (IOC) Forum, a dynamic platform that brings key public and private sector stakeholders into direct conversation to drive investment, secure new deals, foster local capacity building and
TotalEnergies signs lucrative hydrogen deal
French energy giant, TotalEnergies and Germany’s RWE have signed an agreement for the procurement of green hydrogen over a period of 15 years. Under the agreement, TotalEnergies, which also operates in Uganda, will purchase around 30,000 tonnes of green hydrogen per year from RWE for its refinery in Leuna, Germany
African National Oil Companies (NOC) Drive Exploration and Production Through IOC Collaboration
Africa’s national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. By strengthening their balance-sheets through partial privatization, transferring their regulatory roles to independent entities and acquiring more assets, NOCs are emerging as strong partners for foreign firms. Boosting Production Major oil producers
TotalEnergies’ Mike Sangster to Headline Invest in African Energy Forum
Mike Sangster, Senior Vice President for Africa at TotalEnergies, will deliver a keynote address at the Invest in African Energy (IAE) Forum in Paris this May. Sangster will also participate in an exclusive fireside chat, offering critical insights into the company’s vision for Africa’s energy future, its ongoing projects and
