Connect with us
Anglostratits

Business

Halliburton Boosts Local Content in Africa, Seeks Interest in Oil & Gas Ventures

Published

2 years ago

on

Halliburton

Halliburton is proving time and time again that an international company can play a major role in driving local content, even without dedicated regulation in place

JOHANNESBURG, South Africa, May 20, 2024/APO Group/ — 

Multinational oil service company Halliburton is inviting eligible local companies to submit an Expression of Interest (EOI) for the supply of goods and services across the oil and gas industry. With various categories available, the EOI aims to assess local interests and capabilities, connecting players to oil and gas projects. Following submissions, a competitive bidding process will lead to the selection of preferred and alternative suppliers.

As the voice of the African energy sector, the African Energy Chamber (AEC) commends the commitment by Halliburton to give opportunities to local companies across the oil and gas value chain. In Africa, this step will lead to enhanced participation by African-based companies and service providers, and is a testament to the role international companies can play in spearheading local content– even in countries without a dedicated local content law in place.

The EOI encompasses categories supporting oil and gas operations, including machine repair and operation tools; oil, lubricants and tyers; lifting materials and accessories; welding and fabrication; calibration, certification and fuel; and many more. This not only supports participation by local players but strengthens supplier diversity, enabling Halliburton to draw competitive and strategic advantages from established relationships with local suppliers. The EOI not only creates an in-roads for local service providers but supports national and local capabilities, stimulates economic growth and market expansion.  

Halliburton is not only giving opportunities to local companies but is laying the foundation for a vibrant oil and gas landscape in Africa

Additionally, the categories cover associated support services such as car rentals; medical clinics; security services; IT hardware; office suppliers and merchandise branding; PPE and safety equipment; transportation; travel agencies; and more. Other categories include logistics services; auditing; tax and advisory services; manufacturing; storage and electronics. This supports participation by companies that are not only directly active in the oil and gas industry but across the entire economic spectrum.

As the second-largest energy service company worldwide, Halliburton boasts a strong presence in Africa and is active in numerous large-scale energy projects. The company’s projects are underpinned by a mission to drive sustainable energy projects across the continent. In Namibia, Halliburton won a contract in 2024 for a deepwater multi-well construction project in Block 2914A. The company will provide solutions for the construction of exploration and appraisal wells from Q4, 2024 on. Halliburton has shown a commitment to local content development in the country despite the fact that Namibia’s local content policy is still in the draft phase and has not yet been implemented. This shows a dedication to in-country development and Namibians should gain insight from this approach and establish joint ventures with multinationals such as Halliburton. This will ensure local content is at the forefront of industry growth, and will only be accelerated as policy is brought into place.

Meanwhile, in March 2023, the company made a return to Libya, winning a $1.4 billion contract with Honeywell to develop and oilfields and refinery for the country’s National Oil Corporation. Following securing nine contracts by Woodside Energy for offshore oil and gas activities in Senegal, Halliburton has played an instrumental part in supporting the construction of the first phase of the Sangomar Oilfield Development – which is on track for first production in the coming weeks. Through the contracts, the company has spearheaded employment opportunities in Senegal’s oil and gas industry while collaborated with local service providers on project development. Similar achievements have been made in Nigeria, where the company secured a $300 million deal with Shell Petroleum Development Company of Nigeria for a large-scale offshore gas project. In 2023, a Halliburton Nigeria production facility reached its 10-million-barrel milestone. Across all these developments, Halliburton’s commitment to local content has led to fruitful opportunities for communities.

Through an established local content strategy, Halliburton is dedicated to not only creating value for clients regarding oil and gas projects but unlocking opportunities for the communities in which the company operates. The EOI is a testament to this strategy, and oil service companies active across the continent can lead from and follow this example. Halliburton’s local content strategy shows that companies do not need to wait for the requisite laws before they act: local content can form the base of operations despite a lack of policy.

“While various countries have already implemented local content policies that support local participation in oil and gas developments, many nascent producers have yet to establish the relevant local content regulation. Yet, companies such as Halliburton are proving that international service providers, project developers and investors can do a lot without a local content law. Halliburton is not only giving opportunities to local companies but is laying the foundation for a vibrant oil and gas landscape in Africa. Other international companies should learn from Halliburton’s local content strategy,” states NJ Ayuk, Executive Chairman of the AEC.   

Distributed by APO Group on behalf of African Energy Chamber.

Related Topics:
Continue Reading
Advertisement

Events

As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

Published

2 days ago

on

February 6, 2026

By

Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

Continue Reading

Business

Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

Published

2 days ago

on

February 6, 2026

By

CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

Continue Reading

Business

The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

Published

2 days ago

on

February 6, 2026

By

ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

Continue Reading

Trending