Weekly news round-up 22/08

Oil and gas industry leads Forbes profit growth list for 2019, Buhari appoints new Petroleum Minister and more of this week’s top stories

The oil and gas industry leads the Forbes profit growth list for 2019, Buhari appoints new Petroleum Minister and more of this week’s top stories

Mr Simbi Wabote, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), says that the number of expatriates working in the Nigerian oil and gas sector has been reduced by 80%. Read more
Mr Wabote will be speaking in the African Local Content Forum at AOW 2019.

Oil and gas edged past technology and communication to emerge as the top sector in the Forbes 2019 list of world’s largest public companies with a 16.2% year on year growth in revenue generation, according to GlobalData. Read more
Eni’s Zohr gas production reaches 2.7 bcfd 5 months ahead of the Plan of Development, paving the way for the potential field production rate to rise to 3.2 bcfd by the year-end. The Zohr field is the largest gas discovery ever made in Egypt and in the Mediterranean Sea. Read more

Eni's Guido Brusco, EVP Sub-Saharan Africa, will be speaking on the Plenary Stage at AOW 2019.
Equatorial Guinea is set to construct West Africa’s First LNG Storage and regas plant located at the Port of Akonikien. Read more 
Gabriel Mbaga Obiang Lima will be participating in a live CNBC debate at Africa Oil Week 2019.

Nigeria’s President Muhammadu Buhari swore members of his cabinet into office on Wednesday, assigning a new minister of state for petroleum. As in his first term, Buhari kept the petroleum portfolio for himself and appointed Timipre Silva as the junior minister, who is widely expected to manage the portfolio on a day-to-day basis. Read more
Total SA is committed to developing the Mozambique natural gas project that it will take over from Anadarko as part of its expansion in Africa, according to CEO Patrick Pouyanné. The project, to cost as much as $23 billion to develop, will be Africa’s biggest single investment, and Mozambique is counting on it to transform the economy. Read more

To learn more about the speakers mentioned in this article, view the Africa Oil Week 2019 Event Programme
View the Event Programme