The upstream industry hopes 2024 can be a bounce-back year for high-impact oil and gas drilling after a lackluster 2023, with Africa and Latin America likely to spearhead activities
Industry
Safeguarding local interests
While oil majors flocking to Africa is a good sign in terms of increased revenue for the continent, securing the interests of the local community is of utmost importance under such circumstances
AfriCatalyst releases report on methane abatement
AfriCatalyst, a Dakar-based global development advisory group, has urged African leaders to develop a framework for issuing African Methane Abatement Bonds (AMAB)
Uganda Minister announces major oil and gas developments
Final negotiations for the financing and construction of Uganda’s US$4bn domestic refinery began this month after Alpha MBM Investments from the United Arab Emirates was chosen by the government of Uganda as preferred bidder
APPO, African Energy Chamber sign MoU to drive local content
The African Energy Chamber signed a memorandum of understanding (MoU) with the African Petroleum Producers Organisation (APPO) in Brazzaville