A brighter year for Africa
Senegal's and Mozambique's projects gained momentum, Nigeria's production started to rise again
The forces acting on the hydrocarbons sector in sub-Saharan Africa are as varied and sizeable as the continent itself. But 2017 was largely positive. Projects moved ahead on both sides of the continent. Nigeria and Angola remain Africa's hydrocarbons kingpins, but developments in up-and-coming producers, like Senegal and Mozambique, continued to impress. Senegal's speed in developing a new oil and gas province has been impressive, showing what can be done when oil companies and governments see eye-to-eye—and if the oil and gas discoveries keep racking up. Operator Cairn Energy increased its estimate of recoverable oil resources in its deep-water SNE field, around 100km offshore the Senegales
Also in this section
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them
22 April 2024
Beijing’s renewed targeting of NOC management could threaten investment