9 Nigerians abducted in Gulf of Guinea piracy attack

9 Nigerians abducted in Gulf of Guinea piracy attack

Nine Nigerian nationals working aboard the Sendje Berge have been abducted by armed attackers, according to vessel operator BW Offshore. The nine were taken about 4:20 a.m. local time on Thursday, said the company in a statement. The incident happened on the Okwori oil field, located offshore of Bonny Island…

New AU report zeroes in on COVID-19 economic impacts

New AU report zeroes in on COVID-19 economic impacts

There are now nearly 10,000 confirmed coronavirus cases in 51 African nations, with the Africa Centres for Disease Control and Prevention reporting 442 fatalities as of Monday. Yet as the global pandemic continues to impact the continent, there’s growing concern over the economic impacts as well. A newly released report…

Protests cast shadow on South Sudan at African Oil & Power

Participants in the three-day African Oil & Power conference, which runs through Friday in Cape Town, are showcasing African industry’s efforts to align with this year’s theme of “Make Energy Work.” Gwede Mantashe, the Minister of Mineral Resources and Energy in South Africa, served as keynote speaker on Thursday with…

Saudi Aramco attacks: Where we are now, implications for Africa

The heightened rhetoric following Saturday’s attack on Saudi Aramco oil infrastructure seemed more heat than light, as the United States accused Iran of being responsible – which Iran denies – and threatened retaliation in keeping with the Kingdom of Saudi Arabia’s wishes. It’s still uncertain how much structural damage was…

Angola: It’s time for effective action from João Lourenço

By Miguel Sanz João Lourenço has been president of Angola since September 2017. About one year later, he cemented his hold on power by taking over the chairmanship of the ruling Movimento Popular de Libertação de Angola (MPLA). Although he reshuffled the government, for instance by replacing the transport minister, and the…

South Sudan touts oil recovery at AOP18, but obstacles remain

South Sudan’s oil production is recovering from years of conflict, according to Ezekiel Lol Gatkuoth, the country’s Minister of Petroleum, but many obstacles remain even as oilfield operations come back online. Security was top of mind as South Sudan took the spotlight during the Africa Oil & Power conference in…

Report finds African energy investment is financing fossil fuels

The African continent is attracting some USD$20 billion in energy investment from government-backed development institutions across the world each year – but far too much of it promotes fossil fuels rather than the shift to renewable energy. That’s according to a new analysis from Oil Change International, an advocacy organization based in…

OPEC welcomes Congo Brazzaville as newest member

The central African nation of Congo Brazzaville has become the newest member of the Organization of the Petroleum Exporting Countries (OPEC), following the conclusion of the OPEC member meeting in Vienna on Friday. It is now the 15th nation to become a member, seven of them on the continent. The…