In this issue:

GNPC’s New CEO Outlines Growth Plans.

Ivory Coast Overtakes Ghana’s Oil, Gas.

Namibia Lands Another Massive Oil Discovery.

Africa Energy Summit Opens June 27 in Accra.

Thor Targets More Gold in Nigeria, Senegal.

Will oil prices remain bullish despite the new U.S. administration’s commitment to increased drilling?

How is Eni progressing with its ambitious plans in the Ivory Coast as it continues to expand its portfolio of impressive assets?

Could the return of Ghana’s President John Mahama provide the much-needed boost to revive the country's underperforming upstream sector?

SPE Regional Director Outlines Vision for Africa

Power Crisis: S. Africa Seeks Long-term Solutions

What Could Trump’s Drill Baby Drill Mean for Africa?

Tano Basin Imaging Underpins Ivorian Exploration

Namibia Grants Drilling Permits for 55 Oil Wells

Nigeria’s 1MMBOPD Initiative is Achievable

Tackling Ghana’s Image as Hostile Investment Destination

South Africa Bullish on Walvishaai Oil Outlook

GOIL Opens $40M Bitumen Plant in Ghana

Nigeria Seeks $575Bln in New Energy Investments

Dear Subscriber/ Industry Partner,

Eni is stepping up its oil and gas drive in Africa with a whirlwind tour of the continent in July by CEO Claudio Descalzi. Nigeria and Angola remains key countries for the Italian energy giant. We bring you news of plans by Tullow and partners to begin 4D seismic study at prolific offshore Jubilee field in Ghana.

Will the mega Dangote refinery survive its detractors? Oil supermajors are aggressively tapping into the opportunities offered by lithium. African gold producing nations are cashing out as prices of precious metals reach record levels.

Happy reading.

Four Appraisal Wells Drilling Planned for Ghana

Ivory Coast’s Gold Output to Hit 100mtpa by 2029

Why do Some African Countries Attract Oil and Gas Investments While others Struggle?

As 2023 draws to a close, Offshore Africa Magazine would like to wish you and yours a very happy Holiday Season and a New Year filled with lots of success!

And as the world grapples with Net Zero and energy transition issues, African oil and gas producers are pushing and scheming to expand production. Cote d’Ivoire is enjoying its new status as an emerging major oil producer while investors are eyeing offshore opportunities across neighbouring Liberia. Zimbabwe is on the cusp of a major gas discovery.

Can Nigeria meet its new OPEC quota in 2024? Tanzania and Mozambique are hoping to wrap up talks on unitizing their gas blocks. Offshore Somalia could be the new oil hotspot and Namibia remains the main attraction.

Welcome to the September edition of Offshore Africa Magazine, spotlighting indigenous Ghanaian company Stark Energy’s partnership with global player EM&I in delivering robotic technology to Ghana’s oil sector.

And why is Nigeria’s 2.6 million barrels per day crude production target deemed unrealistic, despite pushing output to 1.67 million barrels per day last month? Libya is evaluating its gas development strategy, while the military junta in uranium-rich Niger is attracting a lot of attention.

The World Bank and IMF have consistently lobbied for the removal of fuel subsidies in Africa, yet global subsidies on fuel have exceeded $7 trillion: isn’t that hypocritical?

South Africa’s ambitious target is to supply 4% of the world’s green hydrogen market.

Happy reading!

Red-Hot Namibian Play Mimicking Guyana Basin?

Exploration Frenzy in South Africa’s Orange Basin...

TotalEnergies Drilling Offshore Namibia.

Global Recoverable Oil Reserves Hit 1,600 Billion bbl.

Tullow MD Speaks on Investment Climate.

South Africa Explores Opportunities in Mozambique’s LNG Sector.

Offshore Africa welcomes you to the June edition spotlighting regenerative attempts at reviving Africa’s oil and gas sector.

Tullow Oil is taking far-reaching steps to enhance oil and gas production in Ghana with output at the Jubilee field expected to rebound to over 100,000 barrels per day for the next couple of years.

State- owned GNPC sees phenomenal potential at the onshore Voltaian Basin.

Nigeria’s oil and gas industry expects to attract new investors with the installation of an investor-friendly administration in Abuja. Multiplan Group is hoping to bring new investors to its five promising onshore oil blocks in the Niger Delta. Cote d’Ivoire’s is marching on as a rising oil and gas province.

Read all about First Oil at the Jubilee Southeast in the July edition as we speak exclusively to Tullow Ghana’s Managing Director Wissam Al Monthiry.

ExxonMobil Returns to Liberia.

Why Explorco Should be in the Driving Seat.

Nigeria: Will Tinubu Remove Fuel Subsidy?.

Offshore Africa Magazine’s April issue highlights the rush for a stake in Namibia’s prolific oil basins. Eni and others are looking to cash out in what has become the world’s hottest exploration spot.


We also share with you an exclusive interview with Joe Mensah, Vice President/Country Director at Kosmos Energy Ghana on prospects for oil and gas investments in Ghana.


Calgary, Canada is host of the World Petroleum Congress in September, while Africa could benefit from a $35 billion business space occasioned by climate change. And Egypt is hoping to become Africa’s hydrogen superpower.


Is Guinea the next stop for the LNG train on the continent? And will oil prices reach $100 per barrel following recent production cuts by some major producers?

The latest on how Namibia has turned into the hottest spot in the world for oil and gas exploration.

What can we expect from Nigeria’s President-elect Bola Tinubu in fixing Nigeria’s ailing petroleum sector?

Very disturbing signals are emerging as Ghana’s troubled oil and gas sector sinks into more and more distress.

And will Africa benefit from the emerging lithium boom?

Ghana E&P Partners
Seek New Paradigm

Can Africa Replace
Russian Gas in Europe?

South Africa Mulls Power
Emergency Declaration

Senegal, Ivory Coast, Ghana
Jostle for ‘Energy Hub’

Is Nigeria Ready for
Fuel Subsidy Removal?...

Ghana will start paying for domestic gas supplies from its offshore Jubilee field in January, with clear implications for thermal energy cost.

Explorco could be the new kid on the block for Ghana, as Africa is poised to see an exploration boom in 2023. Nigeria, the continent’s biggest oil producer is regaining its oil volumes, reaching 1.6 million per day production in November.

And will Africa witness the privatization and public listing of more national oil companies following the Nigerian example?

Offshore Africa appreciates your loyalty and commitment that made 2022 a great success. Merry Christmas and a Happy New Year!

Following recent agitations for sweeping reforms to attract more upstream petroleum investments, Ghana’s Petroleum Commission has introduced some changes. But would they be enough?

Ghana’s $60 billion petroleum hub project is on track, despite global headwinds.MB

Eni is keen to get its Baleine project in Ivory Coast online in 2023. Oil thieves have come under pressure in Nigeria. Will the Seplat/ExxonMobil deal in Nigeria finally collapse?

And what ‘malevolent forces’ are ‘conspiring’ to frustrate oil and gas exploitation in South Africa?

Read about these and more in the current edition of Offshore Africa. Happy reading!

Offshore Africa is delighted to share with you the October edition featuring an exclusive interview with Hon. Archie N. Donmo, Director General at the Liberia Petroleum Regulatory Agency (LPRA). He shares with us Liberia’s current offer of 33 promising offshore blocks via a simplified direct negotiation process.

Oil exploration in Africa is expected pick up significantly in 2022 with the drilling of new wells. Also, high crude prices are driving petrol prices through the roof, creating socio-economic tensions.

We also share with you the birth of a very promising joint venture, Swift-Hatch.

Ghana’s Upstream Investments
Surpass $20 Billion

Uganda under Pressure
over Russia Oil Imports

Are Banks Funding
Hydrocarbons in Africa?

Ivory Coast: Baleine 1X
is a Game Changer

Europe Expanding African
Gas Deals Hypocritical?

Nigeria’s New NNPC as
Catalyst for Growth

Ghana can benefit from
Ethanol-Blended Fuel

Energy Chiefs Gather in
Norway for ONS 2022

Escalating domestic fuel prices are causing socio-economic tensions across the African continent. Ghana, for example, has seen steep increases due to a significant tax component on the prices of fuel. Downstream regulator National Petroleum Authority’s CEO Mustapha Hamid has been speaking to Offshore Africa about the current challenges.

How are Nigeria’s main candidates in the 2023 presidential ballot hoping to revive the troubled key petroleum sector?

Is Zimbabwe about to hit the jackpot? Will the Southern African nation strike the 8TCF of gas explorers are targeting?

And will Africa’s upstream get a look-in from investors in the current bullish energy market?

Africa’s energy sector continues to expand as countries in Europe seek new gas suppliers, outside Russia. Senegal has emerged as a priority for Germany and others.

We are also delighted to share with you our exclusive interview with Alexander Shelev, MD of Accra-based Stratcon Oil, as he talks about the firm’s activities and plans for the future.

The 2023 presidential ballot is casting a long shadow over Nigeria’s troubled oil and gas sector, while Angola’s economy is beginning to pick up again, buoyed by high oil prices.

Excitement is growing in Sierra Leone as the West African nation waits anxiously for confirmation of the 8 trillion cubic feet (TCF) reported by Innoson Oil. We’ll bring you an exclusive interview with Innosson Oil on their Sierra Leone discovery and plans for further drilling and development in our next edition.

Is the global oil and gas industry under siege? That is exactly the opinion of Mohammed Barkindo, Secretary General of OPEC. And how should Africa respond to the energy transition agenda being foisted upon them by foreign interests?

The edition also features a captivating interview with Charles Laba, the pragmatic energy investor, who is pushing for greater private sector involvement in Ghana’s fledgling energy sector.

Oil thieves are siphoning huge volumes of Nigeria’s crude, denying much –needed revenues at a time more financial resources are needed to stabilize the local economy.

And what is Washington’s position on new oil and gas investments in Africa?

Read these and more in the current edition of Offshore Africa magazine (attached). Offshore Africa is undergoing far-reaching changes and we expect to launch our new energy/mining-focused publication in the next few months...

We serve you another interesting edition of Offshore Africa magazine. Escalating energy costs are exacerbating socio-economic tensions in most countries. African governments, struggling with revenue shortfalls, are reluctant to provide needed reliefs.

And how is Russia’s invasion of Ukraine and the resultant Western sanctions impacting the continent? Tullow Oil is stepping up its investment drive in Ghana. Nigeria’s NNPC is looking for US$5 billion to invest in upstream projects as a privatized exploration and production firm.

Why are Russia firms interested in Mozambique’s latest oil licensing round? Happy reading!

Aker Energy Secures FPSO for DWT/CTP Project.

Nigeria Bows to Pressure on Fuel Subsidy.

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Offshore Africa magazine is the voice of the African oil and gas industry. The publication is launched to highlight recent developments in the oil and gas sectors in Africa.

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Offshore Africa Magazine - June 2024

Offshore Africa Magazine - June 2024

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