Via McKinsey, a report on how – with momentum for sustainability building – Africa’s oil and gas producing nations have a unique opportunity to embark on an inclusive energy transition and chart a course toward a sustainable future: African’s oil and gas industry is entering a new era. As the world looks to accelerate its […]
Read more »Via Quartz, an article on how Germany is looking to west Africa to help solve its gas woes: On May 22, Olaf Scholz started a three-day tour of Africa in Senegal—his first since becoming the chancellor of Germany—and said his country wants to help develop natural gas projects off the coast of west Africa. Germany is […]
Read more »Via Foreign Policy, an article on Africa’s potential to provide gas to Germany: With the United States and United Kingdom banning Russian energy exports and the European Union announcing it will reduce Russian gas imports by two-thirds by the end of the year, the West is urgently debating how to replace Russian energy deliveries. The […]
Read more »Via The Frontier Post, a look at Algeria: The Algerian economy is gradually recovering from the initial impact of the pandemic and last year’s oil price shock. The health crisis has eased, most containment measures have been lifted, and domestic production of vaccines is supporting immunization efforts. With the rebound in hydrocarbon production and prices, […]
Read more »Via Morocco World News, a report on Algeria’s economic challenges in the face of declining oil revenue: Algeria is seeing its oil exports fall despite new highs in international oil prices amid increasing demand as the global economy recovers. Algeria’s economic independence has long been based on its large reserves of natural gas and oil. […]
Read more »Via The Economist, an article on the impact of the demise of easy oil money: Their budgets don’t add up anymore. Algeria needs the price of Brent crude, an international benchmark for oil, to rise to $157 dollars a barrel. Oman needs it to hit $87. No Arab oil producer, save tiny Qatar, can balance […]
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