The Africa Energy Forum (AEF) is the global investment meeting for Africa’s power, energy, infrastructure and industrial sectors.
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.
Libya’s biggest oil field resumed production, adding another complication to OPEC’s effort to trim a global supply glut.
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.
CNBC - Asked how much BP could spend in Egypt in 2019, Dudley said the amount would be significant. "There will be a third phase we're spending on, we're exploring today with other companies ... (So we'll be spending) $1.8 billion give or take. That's a lot," he said.
PLATTS - Libya's state National Oil Corp. is targeting a $60 billion overhaul of its oil and gas sector as it strives to reach a pre-civil war output level of around 1.6 million b/d by the end of this year.
PLATTS - The companies plan to invest around $1.4 billion for the project with Sonatrach and and Total sharing 51% and 49%, respectively.
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.
REUTERS - Libya’s oil revenue rose to $24.4 billion in 2018, up 78 pct from 2017, Libya’s National Oil Corporation (NOC) said in statement on Sunday.
ENI - Eni sells to Mubadala Petroleum a 20% stake in the Nour North Sinai Offshore concession in Egypt
IMF - Egypt's GDP growth accelerated from 4.2 percent in 2016/17 to 5.3 percent in 2017/18 while unemployment declined to below 10 percent.
BP - Libya’s National Oil Corporation, BP and Eni today signed an agreement expected to lead to Eni and BP working together to resume exploration activities on a major exploration and production contract in Libya.
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.