M&A Deals in Africa’s Oil & Gas Industry in 2023
Africa’s oil and gas market has seen a flurry of Mergers & Acquisitions, as independents take on a more active role in exploration and production activities continent-wide.
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Africa’s oil and gas market has seen a flurry of Mergers & Acquisitions, as independents take on a more active role in exploration and production activities continent-wide.
Africa’s exploration drilling is expected to see relatively strong growth between 2022 and 2023.
Rhino Resources Namibia has set out an application to drill up to 10 exploration or appraisal wells in the Orange Basin, offshore Namibia.
Building on three successful editions, the fourth edition, taking place on 3-4 December in Senegal, will open further deal-signing opportunities for regional and foreign investors.
Senegal’s national energy company Petrosen presented an update on Senegal’s current and future hydrocarbons potential, including the Sangomar, GTA and Yakaar Teranga projects.
The project launch was announced during an MSGBC Oil, Gas & Power 2023 ‘Focus on Mauritania’ session.
Le lancement du projet a été annoncé lors d’une session « Focus sur la Mauritanie » à la conférence MSGBC Oil, Gas & Power 2023.
While some analysts propose that existing discoveries hold enough oil and gas to meet global demand for the foreseeable future, others argue that the remaining supply will not sustain us beyond the next quarter century.
Angola saw high interest by E&P investors in the 12-block onshore licensing round.
Digitization in Senegal fosters transparency, promotes innovation, and has the potential to bolster investment in the energy sector.
