West Africa aiming for global supplier status
The region is making headway despite some output disruptions
Despite ongoing conflict throughout West Africa, the region's energy sector continues to make progress toward becoming a leading global oil and gas supplier. According to GlobalData, nearly $194bn will be spent on African oil and gas fields between 2018 and 2025. Nigeria has struggled for years to resist the threat from militant groups. The attacks are impeding the country's efforts to expand exploration outside the Niger River Delta, in the hope of finding new crude reserves. The threat of violence from several militant groups persists. The Niger Delta Avengers has in the past issued reported threats to Total's Egina oil field, which was scheduled for start-up in 2018. The ultra-deep-water
Also in this section
28 March 2024
The country’s largest gas field is a bright spot for the North Sea, boasting cleaner operations amid a changing mood in Europe over hydrocarbons
28 March 2024
Whether OPEC+ starts to unwind its oil production cuts from June will depend on heavily debated unfolding supply-demand balances
28 March 2024
As a gas supply shortfall looms, balancing regulatory flexibility with energy security and investor confidence will be critical
27 March 2024
Oil producers have to untangle the increasingly complicated relationship with their natural resources