Gold worth billions is smuggled out of Africa - new analysis. Africa Enjoys Oil Boom as Drilling Spreads Across Continent. -Oil and gas rigs across Africa are at a three-year high -Companies including BP and Total are ramping up projects By Paul Burkhardt* Africa is finally seeing the benefits from the recovery in crude prices as companies ramp up drilling from Algeria to Namibia. The rigs are returning and wildcatters are getting excited again after a years-long hiatus during the oil-price slump. From majors like Total SA to independents like Tullow Oil Plc, companies are snapping up exploration rights and doing deals. “When you go for business development, trying to acquire licenses or make partnerships in West Africa, you can sense the competition,” Gilbert Yevi, senior vice president of exploration and production for Sasol Ltd., said in an interview in Cape Town.
Just a year ago Africa’s upstream was a very different story. But as Africa Oil Week returns to Cape Town on Tuesday, nations throughout the continent are planning to sell exploration licenses or move ahead with major projects. Exploration Ramp-Up. ‘Africa’s 88 upcoming oil and gas fields to receive more than US$180bn by 2025’ Africa is on a rapid pace to explore more oil and gas potential in the region. (Image source: NWFblogs/Flickr) Commenting on Africa’s looming oil and gas projects, Peter Heath, oil and gas analyst at GlobalData, commented that Nigeria will lead the way with US$47.2bn (more than 26 per cent of US$180bn of capex). The African country on the Gulf of Guinea has 23 accounted and planned fields, with the top fields in terms of capex being Zabazaba-Etan with US$11.1bn, Bonga North with US$8.4bn and Bonga Southwest/Aparo with US$3.9bn.
The seven planned and announced oil and gas fields in the southern African nation, Mozambique, are estimated to receive US$46.2bn between 2018 and 2025. Among them, deepwater Golfinho-Atum Complex, two ultra-deepwater fields Mamba Complex and Coral South are the top three conventional gas fields with capex being US$17.1bn, US$15bn and US$6.8bn respectively. Africa loses circa 223Billion annually in extractive industries - Journal du Cameroun. Published on 30.05.2017 à 17h13 by Sixtus Mbom Share African countries with mining potentials lose a global sum of 38billion USD (circa 233billion FCFA) in the extractive industry- Estherine Lisinge-Fotabong of NEPAD, revealed at a three-day Regional Dialogue and Training on Contract Negotiation and Fiscal Policies in the Extractive Industries that ended in Yaounde May 29.
Of this amount, Cameroon’s annual losses amount to an estimated sum of 12billion FCFA yearly, according to 2016 findings by the Mining Support and Promotion Framework (CAPAM). The New Partnership for Africa’s Development (NEPAD) brought together mining experts, consultants and representatives of selected African countries to the Yaounde meeting which was in its third edition, to examine the causes of these losses and discuss a way forward. It should be recalled that an investigative report by African Arguments last year pointed out some state officials in Cameroon supposedly involved in mining scams. Natural Gas Prospects in Africa: New technologies bring down cost of development. Afrique, deuxième continent producteur d’or Parmi les huit métaux les plus exploités en Afrique, l’or tient une place prépondérante.
Plus de 34 pays africains produisent actuellement de l’or de façon artisanale ou industrielle et réalisent près du quart de la production annuelle mondiale. Parmi ces 34 pays, 20 produisent plus d’une tonne par an, a indiqué le rapport 2016 sur la fiscalité minière en Afrique, publié par la fondation pour les études et recherches sur le développement international (FERDI). Ce rapport qui vient d’être publié révèle que l’Afrique est le deuxième continent producteur d’or dans le monde et l’Afrique du Sud, le premier producteur africain, suivi du Ghana, du Mali et de la Tanzanie. L’Afrique recèlerait encore près de 40% des réserves mondiales d’or et, compte tenu de l’importance de ses ressources, elle pourrait jouer à l’avenir un rôle de premier plan dans la production et les échanges mondiaux. Forte production d’or dans l’Uemoa. Mapping Africa's natural resources. Africa remains a key territory on the global map. Rich in oil and natural resources, the continent holds a strategic position.
It is the world's fastest-growing region for foreign direct investment, and it has approximately 30 percent of the earth's remaining mineral resources. It's home to more than 40 different nations, and around 2,000 languages. Sub-Saharan Africa has six of the world's 10 fastest-growing economies. North Africa counts with vast oil and natural gas deposits; the Sahara holds the most strategic nuclear ore; and resources such as coltan, gold, and copper, among many others, are abundant on the continent.
The region is full of promise and untapped riches - from oil and minerals and land to vast amounts of people capital - yet, it has struggled since colonial times to truly realise its potential. For more: Shadow War in the Sahara Correction, 24/10/2016: An earlier version of this graphic used a basemap which did not accurately show disputed Western Sahara. Africa Mining Vision. Only 25% of Nigeria’s gas reserves is utilised, says Shell chief. • ‘How to optimise resource monetisation’ Only 25 per cent of the country’s gas reserves is being utilised, the Managing Director of Shell Petroleum Development Company (SPDC) and Country Chair of Shell Companies in Nigeria, Mr.
Osagie Okunbor, has said. He spoke at the Nigerian Gas Association’s Business Forum in Lagos. Okunbor, who represented Oil Producers Trade Section (OPTS) Chairman, Clay Neff listed some of the problems of the sector’s development to include gas producers debts, poor gas infrastructure, insufficient funding and lack of a conducive business environment. The Shell boss regretted that though Nigeria has proven gas reserves of 181 trillion standard cubic feet (tscf) as at last year, in excess of oil, the resource is being underutilised as output of gas acreages producing, or being developed is about 46tscf, reflecting just a quarter of available volume.
In addition, he said: “Developing adequate gas infrastructure is critical. 4.%20TMSA%20Growth%20Poles%20Phosphates%20130925%20FINAL. Afrique du sud, Gaz de schiste. Ces phosphates africains que tout le monde convoite. L'indonésien Indorama au Sénégal, l'israélien Elenilto au Togo, le canadien GB Minerals en Guinée-Bissau… Les leaders du secteur multiplient les investissements dans les gisements subsahariens. Une bonne nouvelle pour une filière longtemps sinistrée ? Effets d’annonce ou début d’une nouvelle ère pour le phosphate ? Alors que le marché africain des fertilisants est considéré comme vierge à cause du faible niveau de consommation d’engrais (4,7 kg par habitant, contre 200 kg en Inde ou en Chine) et que le continent doit encore assurer sa propre sécurité alimentaire, les filières africaines semblent attirer de plus en plus de grands groupes internationaux désireux de se positionner pour l’avenir.
La chute du cours de ce minerai (la roche de qualité moyenne coûte environ 100 dollars la tonne, contre 400 dollars entre 2008 et 2009) ne semble guère les décourager. Bien au contraire. Elenilto et Wengfu au Togo, GB Minerals en Guinée-Bissau OCP, le leader incontesté du secteur Qui est Jacob Engel ? AfDB releases report on natural resources management The African Development Bank Group (AfDB) and Washington-based Environmental Law Institute (ELI) have produced a new report on natural resources management in fragile and conflict-affected countries.
The report examines how African countries in fragile situations can work towards addressing the causes and drivers of fragility by better managing natural resources across sectors This flagship report examines how African countries in fragile situations can work towards addressing the causes and drivers of fragility by better managing natural resources across sectors. The report titled ‘From Fragility to Resilience: Managing Natural Resources in Fragile Situations in Africa’, delves into cross-cutting issues such as climate change, governance, private sector, regional integration, and conflict sensitivity. It also provides options for the design and implementation of natural resource-related programmes geared toward building the resilience of African countries. Top Stories: Africa: Oil Could Fall to U.S.$20 in 2016 - IMF. Nigeria may be in for harder times than previously envisaged as the International Monetary Fund has predicted that crude oil prices may slump to as low as $20 per barrel in 2016.
In the 'IMF Executive Board Concludes 2015 Article IV Consultation with Iran' report, the body highlighted that the price of crude oil could drop by between $5 and $15 in 2016, cableng.com reports. As of Thursday, the price of crude oil in the international market averaged $37. On December 17, the price fell to $36 per barrel. The Federal Government 2016 budget had based the 2016 budget on a benchmark oil price of $38 per barrel.
If the IMF prediction comes true, the country will be in serious trouble as there won't be any buffer for the budget. Crude oil revenue accounts for about 90 per cent of Nigeria's foreign exchange earnings. Nigeria is projected to produce 2.2 million barrels of crude oil per day in 2016. At $20 as predicted by the IMF, Nigeria will generate $44m daily or $16.06bn next year. Africa: Oil Could Fall to U.S.$20 in 2016 - IMF. Un nouveau roi du pétrole en Afrique ! Le roi est mort, vive le roi ! Selon les derniers chiffres publiés par l’Organisation des pays exportateurs de pétrole (OPEP), le Nigeria vient de perdre son titre de premier producteur d’or noir en Afrique... Dans un article de la publication This Day citée par l’Agence Ecofin, l’OPEP révèle les derniers chiffres de son regroupement concernant la production pétrolière de ses différents membres.
Et le Nigeria ne trône plus au sommet du continent africain. Cette place revient désormais à l’Angola qui en caressait l’ambition depuis longtemps déjà. Mais cette situation peut-elle perdurer ? Le Nigeria est directement responsable du premier élément de réponse, conséquence de la diminution de 250 000 barils par jour de ses champs pétrolifères. À l’opposé, l’Angola n’a jamais caché ses ambitions de grandeur en la matière et a choisi d’investir en ouvrant d’avantage le territoire aux compagnies pétrolières intéressées. Natural gas in africa 28sep2012lr. Nigeria, others, constitute 90% of Africa’s gas - Report.
By Sebastine Obasi NIGERIA, Libya, Algeria, and Egypt, account for 90 percent of Africa’s annual natural gas production, PricewaterhouseCoopers, PwC 2015 report on Africa’s oil and gas said. The just released report also said that as at the end of 2014, Africa has proven natural gas reserves of about 500 trillion cubic feet, Tcf. This is a slight drop compared to 2013, while production also decreased slightly over the period. Nonetheless, Africa still has nearly 70 years of natural gas production available given current production rates, the report noted. According to the report, Nigeria has plans to quintuple natural gas production by 2020, so the gas economy in Africa could be well-poised for an uptick in activity. Growth and development and overall industry activity on the continent has slowed given the oil price falls, adding that exploration activity has been the hardest hit, though Kenya has seen marginal onshore success over the past year.
Forging ahead in a bearish market. One_of_the_worlds_least-drilled_places. 'Largest ever' Med gas field found off Egypt. Cairo (AFP) - Italian energy giant Eni on Sunday announced the discovery of the "largest ever" offshore natural gas field in the Mediterranean, in Egypt's territorial waters. The discovery, confirmed by Egypt's oil ministry, could hold a potential 30 trillion cubic feet (850 billion cubic metres) of gas in an area of about 100 square kilometres (40 square miles), Eni said in a statement. "It's the largest gas discovery ever made in Egypt and in the Mediterranean Sea and could become one of the world’s largest natural-gas finds," the firm said.
The so-called Zohr project discovery is expected to meet Egypt's own natural gas demands for decades. The "supergiant" field is located at a depth of 4,757 feet (1,450 metres) in the Shorouk Block, Eni said. The firm said it would "immediately appraise the field with the aim of accelerating a fast track development of the discovery", giving a timeframe of four years. - Jihadist attacks - 'Unburnable carbon': Africa has hit big oil and gas recently but, alas, it may have to remain in the ground. US PRESIDENT Barack Obama’s announcement a week ago of a far-reaching plan to limit carbon pollution from US power plants has been hailed as the clearest step to the commitment to limit global warming to two degrees Celsius above pre-industrial levels.
This is the temperature point beyond which irreversible damage to the earth becomes inevitable – think super droughts, massive floods and mass extinctions. The Clean Power Plan establishes the first-ever national standards for US power plants to limit carbon pollution, aiming to reduce carbon dioxide emissions by 32% from 2005 levels by 2030. The bold move from Washington, the world’s second biggest carbon polluter, is expected to be a signal for other countries to set ambitious targets of their own to reduce carbon emissions, ahead of a key UN climate change summit that will take place in Paris later in November and December. No free pass Stranded assets “My oil” A general election set for October, oil and gas is a hot political issue.
Terres rares : l'Afrique entre dans l'arène - JeuneAfrique.com. Toujours incontournables, ces minerais constituent pourtant un secteur de niche. Mais l'Afrique entre dans l'arène et plusieurs gisements pourraient être exploités dans les prochaines années. Les prix des terres rares, qui avaient explosé en 2011 après la limitation des exportations de la Chine, premier producteur et consommateur mondial, sont retombés à leur niveau initial. « Celui de l’europium, l’un des métaux les plus chers, est passé de 4 666 euros le kilo en juillet 2011 à 1 000 euros en octobre 2014, alors que celui du cérium, l’un des plus abondants avec le lanthane [60 % des terres rares à eux deux], est passé de 120 euros le kilo en mai 2011 à 13 euros en avril 2014″, indique Patrice Christmann, directeur adjoint de la stratégie du Bureau de recherches géologiques et minières (BRGM). imprédictible La demande reste forte, mais la valeur de ce marché n’est que d’environ 5 milliards de dollars.
Saïd Aït-Hatrit Lire les autres articles du dossier. 403 Forbidden. Africa to overtake U.S. in meeting LNG trade growth: IEA. African seaborne gas exports will play a bigger role in meeting global LNG trade growth than the United States, whose supply will be capped by mass domestic switching from coal to gas-fired power generation, the West’s energy watchdog said. Africa’s LNG exporters in Nigeria, Algeria and Equatorial Guinea are set for a new supply wave coming from major new discoveries off the coasts of Mozambique and Tanzania, home to some of the biggest discoveries in a decade.
By contrast, the United States will fall behind as abundant gas supply muscles coal out of the domestic energy mix, creating huge demand for cheaper gas-fired power generation, Laszlo Varro, head of gas and power at the International Energy Agency said at the Flame gas conference in Amsterdam. The scale of fuel switching facing the U.S. power generation sector outlined by Varro appears to be greater than previous estimates, which assumed coal might remain partly competitive as domestic gas prices edge higher.
Ngum Ngafor - Actually, I'd prefer this. Turn me into a... ISG%20Report_eng.pdf. Africa%20Mining%20Vision%20english_0.pdf. African economic growth: The twilight of the resource curse? OIL BARONS JUMP ON NEW FINDS IN AFRICA, IGNORING CLIMATE JUSTICE CALLS - LA Sentinel. Plunging prices deal blow to Africa crude explorers | Arab News. Emerging and existing oil and gas opportunities in sub-Saharan Africa. 1312OFFWestAfricaMap_1.pdf - 1312OFFWestAfricaMap.pdf. Significant drop in oil prices could damage Sub-Saharan Africa. Mpanies go brave and crazy over Africa’s oil and gas riches.
More oil discovery offers Africa opportunity for in-continent utilisation. Bauxite Trade From Africa Seen Resilient Amid Ebola Fight. L'Afrique subsaharienne produira plus de gaz que la Russie en 2040. Nigeria, Sub-Saharan Africa, Account for 30 Percent Global Oil Discoveries. How the Shale Revolution is Affecting African Oil | Exploration World. Africa's oil and gas potential: Boom or hype? Sudan Vision Daily - Details. Here's Where Africa's O&G "Hot Spots" Are Located [1 Infographic] - Oilpro.
Untitled - SE Spends and Trends Africa.pdf. Smaller Firms Will Lead East Africa's Oil And Gas Development. World Bank eyes $1 bln African resource mapping fund | Economy. Deux régions africaines dans le top 10 des futurs marchés amont d'hydrocarbures. Oil and Gas in Africa.pdf. Africa Water Atlas - 340-eng.pdf. Region_7_Sum_V2.xls - lower_africa_assessment_update.pdf. Africa - North_Africa_and_Mediterranean_Sub_Saharan_Africa.pdf. Top oil companies in Africa - Blog KPMG Africa. ShaleGasBasinsWorld.pdf. Africa’s Oil Demand Soars By 5% Central-and-West-Africa-will-be-the-worlds-next-major-supplier-of-iron-ore---30.8.2012---Resources-Roadhouse.pdf. Production & Export of Critical Industrial Minerals[2005 Data] by Country. Recoverable Shale Gas Reserves by Country [2013 Data] by Country.
Study highlights potential and risks of shale gas in Africa. Africa LNG Investment and Strategy Outlook to 2020- Analysis of Infrastructure, Trade, Contracts, Market Dynamics and Business Opportunities. Mégagisements... mégaretards. 312397_10151406433008684_1513215570_n.png (PNG Image, 960 × 863 pixels) Shale gas: fracking for Africa — Good Governance Africa. Infographic: Africa's natural resource wealth - Interactive. Untitled - east_africa_whitepaper_LR_web.pdf. HOTSEAT ETHIOPIA: Can Africa's natural resources provide for the continent? pt.1. Africa Gas Rush Imperils $100 Billion in Australian LNG. From Bottom Billion to Top Trillion: Using Commodity-Backed Securities to Support the Future of Africa’s Resource Economies. Invest Africa Episode 34: Mining Indaba 2013. Invest Africa Episode 24: Mining in Africa. Invest Africa Episode 17: Oil & Gas. Mine africa brochure.indd - Special Report on Mining in Africa_single page.pdf.
Natural_Gas in_Africa.pdf (application/pdf Object) DocView (application/pdf Object) Vultures Cash in on Africa’s Mineral Wealth. Africa's Crude Oil Industry (Portfolio) Drc_shell_companies.pdf (application/pdf Object) Key_assets.jpg (JPEG Image, 607 × 488 pixels) 028022012154604000000treizepayspassesaucrible.jpg (JPEG Image, 800 × 1149 pixels) - Scaled (57%) ISG Report_eng.pdf (application/pdf Object)