The Africa Energy Forum (AEF) is the global investment meeting for Africa’s power, energy, infrastructure and industrial sectors.
Exxon Mobil recently held talks on the sale of a suite of oil and gas fields in Nigeria as the company focuses on new developments in U.S. shale and Guyana, industry and banking sources told Reuters.
Nigeria’s economy is recovering. Real GDP increased by 1.9 percent in 2018, up from 0.8 percent in 2017, on the back of improvements in manufacturing and services, supported by spillovers from higher oil prices, ongoing convergence in exchange rates and strides to improve the business environment.
Tanzania plans to negotiate terms for developing a $30 billion liquefied natural gas project with companies between April and September, the Energy Ministry said.
Government of Ethiopia to launch the 2nd National Electrification Program during East Africa conferences this March
The co-located ‘Africa Energy Forum: Off the Grid’ and ‘Regional Energy Co-operation Summit’ meetings taking place in Addis Ababa from 27 – 29th March welcome the launch of the updated version of Ethiopia’s National Electrification Program (NEP 2.0), presented by the Government of the Federal Democratic Republic of Ethiopia.
Annual meeting for decision-makers in Africa’s energy community launches new brand identity to better represent core values of innovation, integrity and stakeholder collaboration
The 5th Powering Africa: Summit (PAS) will take place for the first time in Miami from the 25-27th February 2019.
REUTERS - Nigeria has ordered foreign oil and gas companies to pay nearly $20 billion in taxes it says are owed to local states, industry and government sources said, in a move that could deter investment in Africa’s largest economy.
ISSUES - Yet the United States still has an opportunity to help interested African nations overcome the obstacles to realizing their energy ambitions. Whereas Russia and China have large government investments in a few advanced nuclear technologies, the United States has a robust and thriving private sector for advanced nuclear development, drawing on both decades of public research and development and a high-tech investment ecosystem. From large national laboratories to small venture-backed start-ups, the United States has over 50 firms working on a diverse portfolio of advanced nuclear designs, many targeting smaller or niche markets.
U.S. EIA - Energy consumption in Asia, the Middle East, and Africa continues to grow rapidly, with about 20% growth in each region between 2010 and 2016, according to newly available data in EIA’s International Energy Statistics database. In particular, energy consumption has been increasing in the Middle East and Africa, driven by economic growth, increased access to energy markets, and quickly growing populations. Energy consumption in Asia grew even as energy consumption in China declined between 2015 and 2016.
ROSATOM - Aleksey Likhachev emphasized: “We are happy to share our more than 70 years’ expertise in the field of peaceful use of nuclear technologies with our Rwandan partners. We hope that our cooperation in that area will contribute to the economic growth and improve the quality of life of the Rwandan population”.
IMF - Rwanda’s real GDP growth has been recovering over the past four quarters and averaged 8.6 percent in the first half of 2018.
THE LOCAL FRANCE - Angola and French oil giant Total formally launched a major new offshore oil project Saturday to aid the country's economy that plunged into crisis following oil price dips in 2014.
REUTERS - The Mozambican government said on Monday it had signed oil exploration agreements with U.S. energy firm Exxon Mobil and Russia’s Rosneft.
OPEC - Total oil demand for 2018 is now estimated at 98.82 mb/d. In 2019, world oil demand growth is forecast to rise by 1.41 mb/d. Total world oil demand in 2019 is now projected to surpass 100 mb/d for the first time and reach 100.23 mb/d.