Global Business Reports


Margarita Todorova, Micah Lanez, Eneko Johnson

Africa Energy 2024 - Pre-release

June 20, 2024

The first half of 2024 has been eventful for Africa’s energy sector with the launch of a new African Energy Bank in Brazzaville, Angola’s departure from OPEC, and the commissioning of the Dangote refinery in Nigeria, the seventh largest refinery in the world. This all comes at a time of great geopolitical turmoil, with a series of coups in West Africa and growing political and financial pressure to abandon fossil fuels. Africa’s energy landscape is complex and ever-changing, but amidst the clamor, its energy leaders continue to capitalize on their hydrocarbon, solar and wind resources, all while industrializing and bringing energy security to millions across the continent.

This pre-release edition of Africa Energy 2024 comprises analysis based on over 80 interviews with ministers and leading executives from IOCs, NOCs, independents, associations, investors and service providers, to provide an in-depth and holistic view of sub-Saharan Africa’s ever-evolving energy sector.


"The energy transition can only be funded by big oil, as they are the only players who can balance the low returns of renewables projects with their high earning fossil fuel projects."
Petromar speaks of the outlook for Angola’s oil and gas service industry for the next two years.
ENI updates GBR on the progress of its operations across Sub-Saharan Africa.
Grupo Videre looks at the massive LNG developments in Northern Mozambique from the perspective of a service company.


APLA Latin American Logistics Meeting Review

Despite the challenges, Latin America has several opportunities: Its green energy mix paves the way for the energy transition. In this journey, the chemical and petrochemical industries will be critical, leveraging emerging technologies like AI to enhance their operations.



"Zambia is ready for business, and as part of our goal to reach 3 million t/y of copper production, there have been some important announcements recently."