Category: Energy

Africa’s Oil demand to hit 383 mboe/d,by 2050

……As Continent’s population hits 2.5billion,says OPEC From now until 2050, the Organization of the Petroleum Exporting Countries (OPEC) forecasts an increase in global primary energy demand from the current 312 million-barrels-of-oil-equivalent-per-day (mboe/d) to nearly 383 mboe/d in 2050 – an increase of around 23% over the 25-year period, with growth almost entirely coming from developing countries, including Africa. In its 20th edition of the World Oil Outlook, released in 2026, OPEC included a section dedicated to understanding Africa’s long-term energy role, demographic trajectory, and investment needs, due to the continent’s…

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Africa’s Energy Leaders Honored at the African Energy Awards 2026

The African Energy Chamber announced the winners of the African Energy Awards 2026 during the Gala Dinner and Awards ceremony at African Energy Week (AEW) 2026 in Cape Town on October 13. The awards recognized excellence across services, local content, exploration and production, downstream infrastructure, dealmaking, social investment, gas monetization, technology and power. This year’s winners spanned the full energy value chain. Eni’s discoveries in Angola and Ivory Coast, the Dangote Refinery’s production ramp-up and Congo LNG’s emergence as an exporter were all recognized, alongside the growing role of African…

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Accelerating African Industrialization and Investment

CERAWeek Leadership Circle Calls for affirmative action Africa will need at least $125 billion in refining investment through 2050 across current projects, future projects and maintenance, Abderrezak Benyoucef, Head of the Energy Studies Department at OPEC, said in a fireside chat with Eithne Treanor, Founder and CEO of ETreanor Media, at African Energy Week (AEW) 2026 in Cape Town. OPEC also distributed hard copies of a new study on Africa’s medium- and long-term energy outlook at the session, ahead of its online publication. Africa must accelerate industrialization and attract more…

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Russian Industrial & Energy Leaders Present Next-Generation Technologies

….As African Energy Week 2026 holds in South Africa Under the auspices of the Russian Export Center (REC) business mission, a delegation of leading Russian technology providers, engineering firms, and industrial manufacturers is showcasing advanced solutions at African Energy Week (AEW) 2026 in Cape Town. The joint initiative focuses on fostering cross-border partnerships, modernizing energy infrastructure, and delivering scalable industrial technology across Central and Southern Africa. The participating companies present a comprehensive range of solutions spanning upstream exploration, midstream infrastructure, digital transformations, environmental sustainability, and cross-border trade execution: Upstream &…

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Scaling AI Across African Energy, Mining Operations….Microsoft Leads the Charge

Microsoft is targeting wider artificial intelligence adoption across oil and gas, power and utilities, and mining, focusing on the integration of enterprise data and operational technology to improve industrial decision-making and asset performance. During a Microsoft-hosted session at African Energy Week 2026 on Monday, Gargi Mishra, Frontier Industry Advisor for Energy and Resources, Microsoft, explored how companies can move AI from individual productivity applications into operational workflows. “The opportunity for the energy sector is to connect the data companies already generate across their operations with AI capabilities that can help…

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Ghana’s Finance Minister assures continued Partnership

..As ICC’s Arbitral Tribunal rules in favour of Ghana  Story: Mohammed Abu Ghana’s Finance Minister, Dr. Cassil Ato Forson says, the arbitral tribunal of the Rules of the Arbitration of the International Chamber of Commerce rule yesterday in favour of the country in the Tullow Tax Arbitration case, notwithstanding, the company remains a vital partner and it is the country’s largest petroleum producer. Its operations in the Jubilee and Ten Fields,Dr.Forson notes, support Ghana’s energy security, domestic gas supply and thousands of Ghanaian livelihoods. It is in the national interest…

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Dangote  Refinery IPO: myth, reality or a test of Nigeria’s Industrial Future?

Author: Muhammad Adamu Muhammad, Contact: mjamaluddeen99@gmail.com +2348124172958  Examining Valuation, Crude Supply, Policy Stability and the Long-Term Sustainability of Nigeria’s Most Ambitious Industrial Investment. Introduction: Beyond the excitement Nigeria’s Dangote Petroleum Refinery and Petrochemicals FZE has entered a new and historic phase. The Refinery, one of Africa’s largest industrial projects, is now being opened to public ownership through an Initial Public Offering (IPO). The offer comprises 4.1 billion ordinary shares at ₦525 per share, potentially raising approximately ₦2.15 trillion, with the offer running from 14 September to 13 October 2026. The…

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Africa and the Green Energy Transition: An Analytical Survey

By: Mohammed A. Abu(Editor-in-Chief) Introduction Following Sidi Ould Tah’s taking of office on September 1,2025,as the African Development Bank(AfDB)’s fifth president, Secretary-General António Guterres, framed the challenge before him without the least ambiguity: steering investment in Africa’s renewable energy, which he described as “the economic opportunity of the century.” Africa’s population of 1.5 billion people over half of which is said to be under the age of 25 years, does not only make her the world’s most youth populated continent, but also, it makes her the world’s most dynamic workforce.…

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Eni’s Gambian, Guinea Entry Tests the Next Frontier in West African Exploration

Eni awarded 1,300 km2 across offshore Block A1 in The Gambia. Energy major also secures reconnaissance rights across 15 deepwater Guinea blocks. Dual deals signal rising confidence in the next phase of MSGBC frontier exploration.Italian energy major Eni has strengthened its position in the MSGBC frontier through a pair of major offshore agreements in Guinea and The Gambia, securing basin-scale acreage across two of West Africa’s least-explored hydrocarbon provinces. The company’s latest expansion places the supermajor at the forefront of the region’s next exploration wave, raising fresh questions about how the region’s improving investment climate and offshore potential…

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What is the climate impact of the Climate Investment Fund?

By:Karoline Teien Blystad and Bjornar Baugerud Climate and Impact Director                            Head of Climate Investment Fund The Climate Investment Fund,managed by Norfund,has received many headlines linked to large amounts of avoided emissions.But how do you calculate how much emissions the fund’s investments actually avoided? If the world is to succeed in limiting the climate crisis, we are running out of time to phase out fossil energy. The good news is that renewable energy is now competitive. The bad…

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