Latest news with #WestAfricanEnergySummit
Zawya
9 hours ago
- Business
- Zawya
OGV Group to Position Aberdeen as Gateway for African Energy Deals at West African Energy Summit (WAES) 2025
Aberdeen will host the West African Energy Summit (WAES) from November 18-19, 2025, positioning the city as a global hub for service companies looking to forge long-term partnerships with Africa's energy markets. Organized by OGV Group, the summit will bring together upstream operators, financial institutions, technology providers and policy leaders to drive investment and collaboration across the continent's dynamic energy sector. WAES 2025 builds on decades of cooperation between Aberdeen and African markets. As one of the world's foremost centers of oil and gas innovation, Aberdeen has played an instrumental role in shaping Africa's upstream and offshore industries. Global service companies based in the city – including SLB, TechnipFMC, Subsea7 and Aker Solutions – continue to deliver cutting-edge technology, project management excellence and workforce development to support Africa's growing energy sector. SLB continues to deliver transformative value in Africa through its Integrated Performance Excellence Center in Luanda, Angola, driving project optimization across the full asset lifecycle. In Libya, the company's operations have delivered a combined 100,000 barrels per day of new production, underpinned by advanced drilling and reservoir technologies developed in Aberdeen. Likewise, TechnipFMC has become a cornerstone of Africa's deepwater growth. With a major engineering center in Aberdeen, the company supports high-profile projects such as Nigeria's $5 billion Bonga North field, Angola's Ndungu development and Mozambique's Coral South LNG. Meanwhile, Subsea7 and Aker Solutions have deepened their African engagement with the objective of maximizing local content and knowledge transfer. Subsea7 recently secured up to $150 million in new contracts for subsea pipeline installation across West Africa while Aker Solutions has renewed a long-term services contract with Azule Energy in Angola. These efforts are supported by longstanding human capital development programs, with Aberdeen and nearby Dundee having trained hundreds of African engineers, technicians and project managers, creating a robust skills pipeline that benefits both continents. This legacy of collaboration is foundational to the African Energy Chamber's (AEC) vision for sustainable, Africa-led energy growth. As such, WAES 2025 is set to build on these relationships by providing a platform for new deals, strategic dialogue and cross-continental investment. By bringing together upstream operators, financial institutions, technology providers and policy leaders, the summit will showcase Africa's $43 billion in projected oil and gas capital expenditure for 2025. Emerging opportunities in LNG, hydrogen and renewables will also take center stage. To further strengthen these ties, NJ Ayuk, Executive Chairman of the AEC will visit Aberdeen on July 11, 2025, ahead of WAES and the upcoming African Energy Week: Invest in African Energies conference – taking place in Cape Town from September 29 to October 3. Ayuk will speak at the OGV Taproom, located at the heart of Aberdeen's innovation corridor, underscoring the city's role as a vital bridge between Europe's technical excellence and Africa's vast resource potential. 'Africa is not just seeking suppliers – it's looking for strategic partners who can help build a long-term, resilient energy future. WAES will serve as the meeting point for such partnerships, enabling Scottish and international service providers to participate in Africa's energy renaissance,' states Ayuk. Distributed by APO Group on behalf of African Energy Chamber.
Zawya
29-03-2025
- Business
- Zawya
Africa Energy Sector Endorses West African Energy Summit in Aberdeen, Scotland with a Focus on Global Investment
The African Energy Chamber (AEC) ( – representing the voice of the African energy sector – offers their strong endorsement and support of the West African Energy Summit (WAES). Taking place in Aberdeen, Scotland, from November 18-19, 2025, the event returns for its second edition to foster meaningful exchanges between African and global partners. With investment representing a cornerstone for Africa's energy future, the event aims to unlock capital flows essential for advancing energy projects. Hosted in partnership with the Ministry of Energy of Ghana, the Petroleum Commission of Ghana and the Ghana National Petroleum Corporation, WAES is a premier platform that unites technology providers, innovators, project operators and financiers. Taking place in the 'oil capital' of Scotland, the event is poised to unlock new opportunities for strengthened Africa-Scotland oil and gas relations, while incentivizing greater foreign investment and technology injection across African oil and gas projects. There has never been a more strategic time to invest in Africa. The continent is ripe with opportunity, with investment prospects cropping across both mature and emerging hydrocarbon markets. Angola is preparing to launch a 2025 licensing round, is offering acreage onshore and in marginal fields while enticing spending through incremental production. Nigeria launched an international bid round in 2024, aimed at furthering development in prospective petroleum basins. Libya launched its 2025 licensing round this month and aims to increase output to two million barrels per day in the coming years. These established markets require significant levels of capital and technology to support production goals, presenting a unique opportunity for Scottish and European service providers and operators. Meanwhile, in emerging markets, efforts to unlock new hydrocarbon plays have led to a range of opportunities for global companies. Namibia is on track to produce first oil by 2029 with projects in the Orange Basin. The country is seeking innovative drilling and appraisal services to fast-track this timeline. In Zimbabwe, exploration has shown trillion-cubic-feet worth of natural gas potential while in Senegal and Mauritania, the start of LNG production at the Greater Tortue Ahmeyim project has revealed significant potential for billion-barrel finds in neighboring basins. While the continent pursues accelerated oil and gas developments, efforts to reduce emissions through decarbonization solutions have opened-up collaborative opportunities for African and global players. The continent is promoting a just energy transition, one which incorporates a diverse slate of energy solutions, from oil and gas to coal to geothermal, green hydrogen and renewable energy. Home to oilfields service technology, Aberdeen stands to play a central role in supporting Africa's oil, gas and decarbonization efforts. Aberdeen has long been recognized as a global center for oil and gas expertise, particularly in offshore technologies. Its robust service sector has been instrumental in supporting African energy projects, providing advanced technological solutions and fostering knowledge exchange. The city's extensive experience in managing complex energy projects positions it as an invaluable partner for African nations seeking to enhance their oil and gas operations. As such, the WAES aims to spotlight cutting-edge technologies that can drive efficiency and sustainability in the energy sector. Key focus areas include upstream efficiency, cost reduction, field development, infrastructure projects and asset management. By showcasing advancements in artificial intelligence, data analytics and predictive maintenance, the summit provides a platform for African stakeholders to explore solutions that can facilitate a balanced energy transition. 'It is imperative that African leaders present a unified voice and strategy for African energy transitions. We must make Africa's unique needs and circumstances clear and explain the critical role that oil and gas will play in helping Africa achieve net-zero emissions in coming decades. Oil and gas will remain a major part of Africa's energy story for decades to come. Through global partnerships, modernized technology and greater investment, Africa stands to realize its multi-faceted goals of reducing emissions while enhancing energy security,' stated NJ Ayuk, Executive Chairman of the AEC. Distributed by APO Group on behalf of African Energy Chamber.
