Wednesday, October 8, 2025
23.9 C
Lagos

Africa Oil Week 2018 Highlights Key Challenges, Opportunities Facing Sector in Africa

Africa Oil Week kicked off with a strong start for its 25th anniversary as delegates converged at the Welcome Reception to celebrate the spectacular opening of Africa Oil Week 2018 and today the conference got underway.
The first session on Economic Outlooks was opened with key speakers including Jens Frølich Holte, State Secretary, Ministry of Foreign Affairs – Norway; David Hicks, Senior Vice President: Upstream, IHS Markit; Jasper Peijs, Exploration Vice President, BP; Mounir Bouaziz, VP Commercial/New Business Development South America & Africa, Country Chair Dubai & Northern Emirates, Shell; Paul McDade, CEO, Tullow Oil and Wale Tinubu, Group Chief Executive, Oando PLC. The panel addressed the challenges and opportunities the African oil and gas industry is currently facing. The session also highlighted how Africa can remain competitive in this global oil and gas landscape.
“Tullow believes wholeheartedly in Africa’s ability to compete against all other oil and gas producing regions. Africa has natural advantages that other markets simply don’t have. There is no reason for Africa to do anything but grow market share, and Tullow is committed to being a substantial part of that story” said Paul McDade, CEO, Tullow Oil.
Another standout plenary session was the Ministerial Panel led by BBC World Affairs Editor, John Simpson. Six Ministers from South Africa, Nigeria, Niger, Sudan and Congo provided insights on their country’s exploration & production strategies. They explored routes to drive growth in National Oil Companies and the role oil and gas plays within policy and development plans.
A bidding round from the Republic of Congo, a licensing round announcement from Madagascar and a country road-show from Uganda, all held today, once again highlighted the important role Africa Oil Week plays in driving new business opportunities for governments and exploration companies across Africa.

Africa Oil Week is taking place at the Cape Town International Convention Centre in Cape Town, South Africa on the 5-9 November.

spot_img
spot_img
spot_img

Hot this week

Fidelity Bank Commences Disbursement of FGN MSME Intervention Funds

Tier One Lender, Fidelity Bank Plc, has commenced the...

Fidelity Bank Honours Afreximbank President, Benedict Oramah, in Lagos

L -R: Minister of Industry, Trade and Investment, Dr....

Union Bank Champions Employee Wellness with Stay Recharged Health Walk

Union Bank of Nigeria held its first-ever Stay Recharged...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Stanbic IBTC Holdings Reports Remarkable Financial Growth for H1 2025    

Overview of Financial Performance  As of June 30, 2025, Stanbic...

Topics

Repton CEO Offers Career Success Tips at Lagos Career Fair

L-R: Mr Olapado Akinloye, Host/Executive Director, FasTrack Academy presenting...

CHI Settles Accident Claims of Second Insurance Journalist

Consolidated Hallmark Insurance (CHI) Plc, for the second time...

 8m Vehicles in South Africa Uninsured

  A study conducted by the Automobile Association of South...

Standard Bank Selects Flutterwave to Drive Digital Transformation in Africa

Standard Bank, Africa’s largest bank by assets, has partnered...

BPE to Commercialise NTA, NAN, FRCN

The Bureau of Public Enterprises (BPE) says it is...

Experts to Discuss Financial Inclusion in Insurance, Pension

As Nigeria seeks to drive financial inclusion with the...

Fidelity Bank Records 210.0% Growth in PBT to N385.2bn in 2024

Leading financial institution, Fidelity Bank Plc released its 2024...

NCDMB Visits MT Group’s Facilities, Pledges Support for Firm’s Valves Manufacturing Plans

A delegation from the Nigerian Content Development and Monitoring...
spot_img

Related Articles

Popular Categories

spot_imgspot_img