Weekly News Round-Up

In a week of mixed tidings for the African oil, gas and energy sectors – including the Mauritius oil spill and the capture of the Mocimboa da Praia port by insurgents in Mozambique – we’re bringing you positive industry stories from across the continent.

This week, Upstream reported that five companies are set to throw their hats in the ring to win a $2 billion contract to build the production facilities for Total's Tilenga project in Uganda – a project which has suffered numerous delays over the past decade. Read more here.

Also reported by Upstream, a new DNV GL report has found that renewable energy sources have demonstrated their reliability and cost-efficiency as lockdown measures have cut demand for fossil fuels worldwide. The report says that this should serve as an incentive to accelerate green investments. Read more here.

In Ghana, the Petroleum Commission has launched a committee to draft a local content policy for the upstream sector. Petroleum Commission CEO Egbert Faibille Jr said the committee will look into a “straight-forward approach” when issuing of work permits for expatriate workers. Read more from Energy Voice.

In South Africa, Odfjell Drilling's Deepsea Stavanger arrived in Cape Town on its way to Brulpadda. Total is expected to start drilling at its Luiperd well – part of the mammoth offshore gas discovery – by the end of August. Read more from Offshore Engineer.

Not technically breaking news, but this interview with Mark-Anthony Johnson, CEO of JIC Holdings, discusses the potential benefits of the African Continental Free Trade Area (AfCFTA )for businesses across the continent. Read more from AOW partner FurtherAfrica.

Finally, if you haven’t already, why not download AOW’s latest complimentary reports, produced in collaboration with Wood Mackenzie? Asking the question “what’s next?”, the reports explore what’s changed in the global and African upstream following the most recent oil price collapse. Read side by side, they offer a unique opportunity to assess Africa’s position in the global hydrocarbons landscape both now, and in the future. Download the global report here and the African report here.

If you have an interesting piece of news or analysis that you think our #oilgas and #energy communities would benefit from reading, send it to info.africa@hyve.group.

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