Weekly News Round-Up

A round-up of the top positive developments in African oil and gas this week.

This week, Upstream reported that the US government has dispatched teams of trade advisors to various African countries to refocus efforts to promote private sector investment in technology, energy and critical infrastructure.

In Nigeria, the Department for Petroleum Resources announced that an unprecedented 600 companies have applied to be prequalified for the ongoing bidding rounds in the country’s 57 Marginal Fields. Read more from Nairametrics.  

In another Nigerian story, AOW sponsor Green Energy International Limited and LEKOIL have executed definitive agreements with Schlumberger for the next phase of development in the Otakikpo field offshore Nigeria. Read more.

According to recently released analysis from Westwood Global Energy Group, the floating production systems (FPS) market will rebound to $13 billion annually from 2021-24, with an average oil price of $60 per barrel. Read more from Energy Voice.

In this interview with S&P Global Platts, Katherine Roe, CEO of Wentworth Resources – a partner in Tanzania's onshore Mnazi Bay gas field – talks about electrification and anticipated growth in gas demand in Tanzania. Read more.

Not technically breaking news, but this piece from AOW partner FurtherAfrica considers Mozambique LNG and its long-term growth prospects – a favourite topic of ours here at AOW. Read it here.

Finally, our partners at African Energy would like to share their latest African Energy Atlas, a reference book for all energy professionals working in Africa, featuring maps, graphics and articles covering all aspects of the energy sector. You can download sample pages from the African Energy Atlas 2020/2021 here.

If you have an interesting content piece that you think our #oilgas community would benefit from reading as part of our #AOWLEARNANDSHARE initiative, send it to info.africa@hyve.group.