Johannesburg – December 11th, 2018: The African Energy Chamber proudly endorses the Nigeria International Petroleum Summit (NIPS), to be held in Abuja’s International Conference Centre on January 27-30, 2019.

Our members, which include the majority of the international oil companies (IOCs), services companies and many African players will be in Nigeria to participate in the summit. The attending investor groups among the chamber’s members represent billions of dollar worth of inbound investments to the Nigerian oil & gas sector.

Our members want to invest and NIPS is one of the best platforms to expand the intra-Africa energy cooperation, promote investments and generate new joint-venture and cooperation opportunities in Africa’s biggest oil producing market.

“Foreign investment into Nigeria’s oil & gas sector is a game changer for Nigerian and African businesses and the economy. We continue to be excited by this opportunity because many investors will gain a better understanding of today’s most critical issues, challenges and opportunities facing the Nigerian oil & gas sector at this industry-driven conference. While there is a focus on oil, Nigeria is more of a gas economy and stands to do more with gas” declared Executive Chairman of the Chamber NJ Ayuk. “Nigeria has come out of its recession stronger and with a continuous push towards reforming its business environment and remains Africa’s biggest hydrocarbons market. Its ongoing reforms have strengthened its position as Africa’s prime oil & gas investment destination, and the NIPS will be the perfect platform to advance the country and its investors’ business agenda,” he added.

“The NIPS 2019 is designed to be Africa’s largest and most important industry platform,” said Nigeria’s Minister of State for Petroleum Resources Dr. Emmanuel Ibe Kachikwu in a message addressed to all participants. “It will provide linkage to the world for engineering and technological breakthroughs, major contract sign offs and side events.”

With an upcoming gas flare commercialization bid round, the Chamber notably invites stakeholders within the gas value chain to actively participate in the summit and seek opportunities within Nigeria’s untapped gas value chain. From exploration & production to gas infrastructure, commercialization and distribution, Nigeria is the next gas frontier in Africa and offers tremendous potential for investment.

Further details on the event can be obtained from the event’s website, www.nigeriapetroleumsummit.com or by contact the event organizer Brevity Anderson at info@brevityanderson.com.

Johannesburg — The African Energy Chamber urges the Organization of the Petroleum Exporting Countries and other key global oil producers, including Russia, to continue with the historic production cuts at the December 6, 2018 OPEC meeting to stabilize the oil price.
Oil prices have dropped by about 20 percent in November, and the month is likely to record the biggest one-month decline in oil prices since the crash of 2014. This is not good for producers in Africa and African economies.
The Chamber urges African producing nations, both those that are OPEC members and Non-OPEC members to speak up with one voice in support of OPEC’s policy on stabilizing the market.
“This new drop in oil prices clearly shows the world that the global supply cut has not been eliminated. The future of the petroleum sector — and indeed the future of global energy security — depends on a continuation of the OPEC-led production cuts,” said NJ Ayuk, chairman of the African Energy Chamber.”
Oil producing nations, many of which are within Africa, are at particular risk of economic hardship if the supply glut continues and prices spiral. Such countries include Nigeria and Angola, two of Sub-Saharan Africa’s largest economies, as well as Equatorial Guinea, Cameroon, Congo, Gabon, South Sudan, Algeria, Libya and Ghana. Other key countries that are investing in upcoming mega projects, like Mozambique, Uganda and Senegal, could face project delays in the face of low oil prices.
The historic Declaration of Cooperation, moderated by OPEC’s Secretary General and Africa’s own son, H.E. Mohammed Sanusi Barkindo which was signed in 2016 by OPEC countries and 10 non-OPEC countries and saw several extensions, is set to expire at the end of 2018.
“The historic Declaration of Cooperation is largely credited with rescuing the oil industry from collapse, and returning economic security to oil-dependent nations, many of which are in Africa. Abandoning this extraordinary deal now would only see production increase and the supply glut worsen — effectively making any progress achieved in the last two years null and void,” stated Ayuk.
“When the oil market is in crisis, the path to dignity and prosperity is closed off to many African families. It leaves many Africans, particularly those without advanced degrees on their own to chart their own course where clear and attainable paths to a meaningful and prosperous life once existed.” Ayuk continued

The opinion of many Africans on OPEC and the energy sector has taken a measurable, positive jump as people acknowledge the strong connection between the oil and gas sector, the African economies and the African entrepreneurial dream.

The Africa Energy Chamber stands by OPEC and Consumers and we will continue work with our members to educate the public of the need for lasting stability in the oil industry.

It is our firm belief that the 2016 Declaration of Cooperation rescued the oil and gas industry and many African economies from imminent collapse. This should be continued next week in Vienna Austria.


Image: oilandgaspeople.com

Record membership and fundraising for the African Energy Chamber in 2018

Johannesburg – September 24th, 2018 – As the leading and most influential advocacy group for the majority of the companies and workers in the continent’s oil and gas sector, the African Energy Chamber (AEC) has announced that the African oil industry continues to be strong and is rebounding well.

The rebound in global commodity prices has translated in renewed optimism and investment across the continent’s energy value chain, leading to improved policy dialogue and increased international investments across Africa’s energy markets.

The AEC has capitalized on the market’s dynamism to multiply networking activities, advocate for reformed policy frameworks and further encourage investment in the continent’s energy industry.

Having become the most successful energy industry’s advocacy and trade association for Africa, the Chamber notably partnered for the first time with Africa Oil & Power, whose 3rd conference and exhibition was held in Cape Town on September 5-7 2018.

The event attracted over 500 delegates and investors from North America, Europe, Asia, the Middle East and Africa, and saw the participation of leading figures such as OPEC Secretary General Mohammed Barkindo, Minister of Energy in South Africa Jeff Radebe, Minister of Hydrocarbons in Congo Jean-Marc Thystère-Tchicaya, Minister of Mines and Hydrocarbons in Equatorial Guinea Gabriel Mbaga Obiang Lima, Minister of Petroleum in South Sudan Ezekiel Lol Gatkuoth, Minister of Petroleum and Mineral Resources in Somalia Abdirashid Mohamed Ahmed, and former Zambian President Rupiah Banda.

As a relentless advocate of a strong African content, the Chamber has multiplied endeavors towards the development of local content policies and regulations in the continent, especially across its emerging frontiers. To assist Senegal in the development of a business-friendly and robust regulatory framework, the Chamber hosted a local content forum in Dakar on September 13th, during which Senegalese Prime Minister Mahammed Dionne reiterated Senegal’s commitment to both welcome foreign investors and implement a 50% quota of Senegalese content by 2030.

In encouraging investment and improving networking for the sector, the Chamber has also worked on resolving disputes with government and positioned itself as a leading mediator for Africa’s energy stakeholders. It has also multiplied international partnerships, the latest one being with the Houston-based International Association of Geophysical Contractors (IAGC) in order to further promote exploration across Africa’s sedimentary basins.

“The last two months have been record-breaking for the African oil and gas sector and the Energy Chamber,” declared the chamber’s executive chairman NJ Ayuk. “We saw a tremendous uptick in membership registration over the past two months alone from NOCs, IOCs and service companies and raised more than $500,000 over that period. I am personally happy that the majority of our historic fundraising and support comes from African companies. This ensures that we are going to have the resources to share their unique stories and push for more value for them to compete around Africa for deals that they have been traditionally excluded from.”

The African Energy Chamber now intends to focus on the international exposure of Africa’s oil sector by taking its community and network across geographies, notably Russia and China. At the invitation of Alexander Novak, Russian Minister of Energy, and Anton Kobyakov, Advisor to President Vladimir Putin, the African Energy Chamber will be leading a strong delegation of African government and private sector officials to the Russian Energy Week next month to discuss Russian investment in Africa. Another such dialogue is being planned in Beijing in the first half of 2019 so that the chamber’s members benefit from an open discussion with Chinese investors and stakeholders.

 

Johannesburg– The African Energy Chamber (AEC) and the Houston-based International Association of Geophysical Contractors (IAGC) have signed a Memorandum of Understanding (MoU) aimed at supporting Africa’s exploration efforts and raising awareness on global HSSE standards across Africa.

As Africa tries to boost onshore and offshore exploration across its sedimentary basins and new frontiers open up for exploration and production, the MoU will be facilitating access for Africa to the latest geophysical technologies and best industry practices. “The IAGC is very proud to partner with AEC to optimize the business and regulatory climate in Africa,” said IAGC President Nikki Martin. “We look forward to working with AEC on key issues such as achieving step-change improvement in HSSE performance in African hydrocarbons exploration and development,” she added.

“Our association with the IAGC is of strategic importance to us,” said AEC Executive Chairman NJ Ayuk. “As we advocate for better regulatory frameworks and promote investments into Africa’s sedimentary basins, our engagement with the IAGC members is set to strengthen the dialogue between international explorers and African regulators, and enhance technology transfers with local African companies.”

Both organizations will be promoting the sharing of information on Africa’s exploration landscape and regulatory frameworks, and seeking co-operation and co-development between their members.

To facilitate such a dialogue, members of both institutions will be given access to the Africa Oil & Power Summit in Cape Town on September 5-7, 2018, and to the IAGC’s Annual Conference in Houston in February 2019.

About the African Energy Chamber: the African Energy Chamber is a pan-African chamber of commerce and industry which seeks to promote investments, local content development and international partnerships across Africa’s energy industries, along with advocating for transparency, accountability and the adoption of best international business practices across the continent.

About the International Association of Geophysical Contractors: the International Association of Geophysical Contractors is the global trade association representing all segments of the geophysical and exploration industry, engaging governments and stakeholders worldwide on issues central to geophysical operations and exploration access.

Contacts:

AEC
Mickael Vogel, Director of Strategy,
mickael@energychamber.org

IAGC
Gail Adams, Vice President, Communications & External Affairs, gail.adams@iagc.org
 

 

Image: Quantum Productions

Johannesburg – The African Energy Chamber is organizing a forum on local content development in Senegal on September 13th, 2018, in Dakar’s Radisson Blu Hotel. Organized in partnership with Les Conférences du Quotidien, the forum will be presided by Prime Minister Mahammed Dionne and will gather the key stakeholders of Senegal’s hydrocarbons value chain, including the heads of COS-Petrogaz and Petrosen.

Under the guidance of pan-African energy legal and advisory firm Centurion, the forum will be formulating recommendations on the best strategies to regulate and support the development of a strong Senegalese content.

“As Senegal gets closer to its first flow of oil and gas by 2021, it is important to look at local content experiences in Africa and internationally and draw the necessary lessons for Senegal to be the new frontrunner of African content,” said NJ Ayuk, CEO of Centurion and current Executive Chairman of the African Energy Chamber.

Hydrocarbons discoveries in Senegal are giving the west African nation an opportunity to position itself as a competitive oil & gas frontier on the continent and set new standards for hydrocarbons governance in Africa and globally.
Given the country’s limited experience in hydrocarbons however, the development of Senegal’s oil and gas value chain will need to rely on foreign capital and technology. Making sure that such inflow translates into local job and growth opportunities becomes then a major issue to ensure the sustainability of the industry and the social responsibility of its projects.

The development of robust and transparent regulations, which put local capacity building at the heart of policy-making, would provide Senegal with a very efficient framework to prevent external negativities associated with the exploitation of fossil fuels and the threat of the oil curse.

Having spearheaded the development of a strong African content across most of Africa’s hydrocarbons market, the African Energy Chamber looks forward to supporting and guiding Senegal while it implements the necessary frameworks for the development of its own local content.
 

 

Africa Oil & Power, the continent’s premier platform for energy investment and policy, and the African Energy Chamber (AEC)  have signed a strategic partnership in Johannesburg on Monday. Both organizations will be sharing capacities to facilitate investments and deal-making in Africa across their networks.

Under the agreement, the AEC will also become an official partner of the Africa Oil & Power 2018 conference taking place September 5-7, 2018 in Cape Town. As part of the partnership, the Africa Energy Chamber is extending to all its members and partners across its network an exclusive discount of 15% to attend the summit in Cape Town from September 5-7, 2018.

“As the AEC, we always encourage all our members to seek new partners and investors and expand their horizons to support their growth across the continent. We believe Africa Oil & Power is a perfect platform for them to do that,” explained NJ Ayuk, the chamber’s chairman.

As a prestigious international forum to take place in Cape Town this fall, Africa Oil & Power is an ideal place to strike business deals and meet investors. For its third edition, Africa Oil & Power has put together a prestigious program with 15 African petroleum and power ministers confirmed to date, 600 C-level delegates and 75+ speakers from across the continent, Europe, Asia and the Americas spanning the entire value chain, from upstream to power generation.

As Africa’s energy sector enters a new phase of growth and oil prices stabilize around $70, AOP and the AEC have expressed their excitement over this new collaboration which capitalizes on renewed optimism across Africa’s investment community.

Guillaume Doane, the CEO of Africa Oil & Power, said: “The vision of Africa Oil & Power and the Africa Energy Chamber are one and the same –– to combine a pro-African attitude with a pan-African influence. We are excited to have access to their extensive African energy network.”

About the African Energy Chamber

Headquartered in Johannesburg, the African Energy Chamber (AEC) is a progressive business network that promotes business and investment opportunities within the continent by connecting local corporations, foreign investors and ministerial parties. The AEC unites African interests and aspirations under one voice that advocates for Africa’s companies and citizens and gives the continent a conscience on the global energy stage. From local content development to universal electricity access, the AEC’s engagement aims at placing Africa at the forefront of global energy investment and transformations.

Visit the Africa Energy Chamber at www.energychamber.org
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MEDIA CONTACT
Mickael Vogel
mickael@energychamber.org
+27 78 558 7045