Total has announced a second significant gas condensate discovery in the Outeniqua Basin, located 175 kilometers off the southern coast of South Africa. The French oil giant’s announcement follows an adjacent discovery made in 2019, which provided huge hopes of petroleum riches for Africa’s most developed nation, South Africa produces 41,319 million cubic feet of…
U.S. president Donald Trump is known for making short outbursts that shock the world. But most people, even his critics, admit that such comments that often sound irrational, threatening, outside the realm of reality, and belonging to a drunk man who’s had seven rounds at the bar, are laced with some deep truths. Especially when…
Uganda’s Permanent Secretary in the Ministry of Energy Robert Kasande has confirmed that the second extension of bids for the country’s second oil licensing round expired in September without any new expressions of interest received from oil companies. Uganda had invited companies in March to explore five new blocks on offer in the Albertine Graben,…
Royal Dutch Shell Plc has announced that it will slash 9,000 jobs globally, as part of the firm’s cost-cutting measures to alleviate the effects of the crude oil crush and overhaul its business to embrace clean energy. The Anglo-Dutch oil giant employed 83,000 workers last year across five continents. The firm says that about $2.5…
Local content policies and localization strategies cannot be forgotten in the pursuit of investment and efficiency (By Verner Ayukegba) Africa is at an energy cross-road. On one hand, the most talented, better educated, most entrepreneurial and competitive generation the continent has ever had is rising and taking on leadership positions that will propel African companies…