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Ghana National Petroleum Corporation Chief Executive Officer (CEO) to promote energy sector at African Energy Week

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2 years ago

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energy sector

As a keynote speaker, Opoku Ahweneeh Danquah, CEO of the Ghana National Petroleum Corporation, will promote investment opportunities across Ghana’s entire oil and gas value chain to continental and international energy stakeholders at AEW 2022

JOHANNESBURG, South Africa, August 25, 2022/APO Group/ — 

The African Energy Chamber (AEC), the voice of the African energy sector, is honored to announce that Opoku Ahweneeh Danquah, CEO of the Ghana National Petroleum Corporation (GNPC), will be attending and participating as a keynote speaker at this year’s edition of the African Energy Week (AEW) (www.AECWeek.com) conference and exhibition, Africa’s premier event for the oil and gas sector which will take place from 18 – 21 October in Cape Town.

Representing Ghana ­– one of Africa’s up-and-coming oil and gas markets – and the state agency responsible for the exploration, licensing and distribution of petroleum-related products in the West African country, the participation of Danquah in a keynote address at AEW 2022 – Africa’s biggest event for the energy sector – will be crucial for shaping dialogue around how Africa can maximize the exploitation of its vast hydrocarbon resources to address growing energy poverty and drive socioeconomic development.

Since joining GNPC’s leadership as Deputy CEO in July 2020 before being appointed as CEO in April 2022, Danquah played an active role in optimizing the operations of the industry regulator and enhancing Ghana’s upstream, midstream and downstream landscapes. Despite the negative impacts of the COVID-19 pandemic on the global oil and gas market, Ghana’s industry had a positive outlook at the back of measures aimed at expanding the country’s oil producing fields, driven by the GNPC under the leadership of Danquah. As a result, an increasing number of international companies such as bp, Tullow Oil and Kosmos Energy have established their footprint in the country. In late 2021, GNPC also acquired a seven percent commercial interest in both the Jubilee and TEN blocks from Occidental Petroleum as part of efforts by Ghana to enhance exploration activities as well as participation in the development of energy resources.

With 18 years of experience in the energy sector, Danquah is well positioned to shape serious AEW 2022 discussions around oil and gas market optimization

With the hydrocarbons sector experiencing a fundamental reset and transition to new business models where gas is becoming the preferred resource, the GNPC has been at the forefront of positioning Ghana ahead of the revolution by ensuring the country’s vast gas resources are exploited to address local demand whilst making the country a global gas hub.

With 18 years of experience in the energy sector, Danquah is well positioned to shape serious AEW 2022 discussions around oil and gas market optimization. Prior to joining GNPC, Danquah managed the North American Strategy, Development and Innovation team at French multinational energy firm Vallourec and held senior management positions at global energy giants including Baker Hughes, GE and Schlumberger. Danquah’s vast experience in analyzing energy market trends with research specialist Wood Mackenzie and IHS CERA make him the best candidate to shape AEW 2022 dialogue around current trends shaping and disrupting the production and exploitation of Africa’s estimated 125.3 billion barrels of crude oil and 620 trillion cubic feet of gas reserves.

Moreover, Danquah’s expertise in asset and investment management makes him the right candidate to shape AEW 2022 discussions around how Africa can address its growing investment and infrastructure rollout gap to realize the full potential of its hydrocarbon resources. In this regard, as the continent aggressively pursues making energy poverty history by 2030, insight from industry professionals such as Danquah will be key.

“The Chamber is proud to host Opoku Ahweneeh Danquah as a keynote participant, where the executive will promote investment and partnership opportunities across Ghana’s entire oil and gas value chain. Despite having vast energy resources, the West African country is still importing the majority of its refined products and AEW 2022 presents the best platform where deals will be signed to turn this trend around. As a keynote speaker, Danquah will provide critical insight into how Africa can enhance exploration, production and infrastructure development so that energy poverty is made history by 2030,” states NJ Ayuk, the Executive Chairman of the AEC.

Under the theme, ‘Exploring and Investing in Africa’s Energy Future while Driving an Enabling Environment,’ AEW 2022 will host Danquah in high-level meetings and panel discussions where the executive will promote GNPC’s current projects and future prospects in maximizing the potential of Ghana’s oil and gas resources to curb energy poverty and drive economic growth.

Distributed by APO Group on behalf of African Energy Week (AEW).

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Ministers among hundreds of energy-sector leaders to attend AOW event

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1 day ago

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October 4, 2024

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Sinclair

The event kicks off with an invitation-only ministerial symposium focused on the theme of “Fostering innovation, attracting investment, and promoting sustainable growth in the oil, gas, and energy sectors”

CAPE TOWN, South Africa, October 4, 2024/APO Group/ — 

AOW: Investing in African Energy (https://AOWEnergy.com) – Africa’s leading oil, gas and energy event – has confirmed attendance for more than 80 ministers and senior officials, representing African governments, energy departments and regulators at next month’s event.

These influential stakeholders will be among the more than 1 600 senior delegates and industry leaders who will be attending the event to develop policy, share discoveries, secure investment, and shape Africa’s energy future.

The event kicks off with an invitation-only ministerial symposium focused on the theme of “Fostering innovation, attracting investment, and promoting sustainable growth in the oil, gas, and energy sectors.”

Given the recent major oil-and-gas discoveries across Africa, the energy transition and major geopolitical events, it is clear that the energy sector needs positive intervention

Among the officials and government ministers attending will be energy leaders from South Africa, Nigeria, Namibia, Cote d’Ivoire, Mozambique, DRC, Ghana, Kenya, Madagascar, Eswatini, Uganda, CAR, Guinea Conakry, Guinea Bissau, Ethiopia, The Gambia, Gabon, Malawi, Morocco, Zanzibar, Liberia, Senegal, Congo Brazzaville and Sierra Leone.

In addition, the event will feature high-level delegations from numerous national oil companies, as well as multilateral bodies including the African Union, (AU), African Energy Commission (AFREC), African Petroleum Producers’ Organization (APPO) and the Southern African Power Pool (SAPP).

AOW will see these energy leaders networking with C-suite executives and decision-makers from more than 760 top energy companies at daily networking events, to discuss insights, forge new relationships, and negotiate major energy deals.

“We are so excited to see the calibre of delegates at this year’s AOW event,” says Chief Executive Officer of Sankofa Events, Paul Sinclair. “Given the recent major oil-and-gas discoveries across Africa, the energy transition and major geopolitical events, it is clear that the energy sector needs positive intervention. The high-powered attendance proves AOW is a key platform to enable this intervention.”

Key themes to be discussed at this year’s AOW will be sustainable upstream development; expanding gas value chains; renewables and new energies; adoption of best-in-class technologies; and access to finance.

AOW: Investing in African Energy will culminate in a special anniversary party at Groot Constantia Vineyard to celebrate 30 years of the AOW event.

Distributed by APO Group on behalf of AOW: Investing in African Energy.

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Afreximbank approves US$20.8 million for Starlink Global’s cashew factory project in Lagos

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1 day ago

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October 4, 2024

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PAPSS

The facility is expected to promote value addition which will guarantee increased earnings to the company while also fostering the creation of about 400 new jobs

CAIRO, Egypt, October 4, 2024/APO Group/ — 

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has approved a US$20.8 million financing facility for Nigeria-based Starlink Global & Ideal Limited to enable the company construct and operate a 30,000-metric tonne per annum cashew processing factory in Lagos.

We are delighted at this partnership which promises to deliver significant impact on employment in Nigeria

According to the facility agreement signed in on July 22, 2024, Afreximbank will provide the funds in two tranches with the first tranche of US$7.48M going toward capital expenditure for the construction of the factory and the second, totalling US$13.25M to be deployed as working capital for the operations of the factory.

The facility is expected to promote value addition which will guarantee increased earnings to the company while also fostering the creation of about 400 new jobs once the factory becomes operational. It is also expected to support about 40 small and medium-sized enterprises.

Commenting on the transaction, Mrs. Kanayo Awani, Executive Vice President, Intra Africa Trade and Export Development, Afreximbank, said that by supporting Starlink Global to establish a modern processing facility, Afreximbank is making it possible for Africa to add value to its agro-commodities, thereby facilitating exports and subsequent inflow of much-needed foreign exchange into the continent.

“We are delighted at this partnership which promises to deliver significant impact on employment in Nigeria. It will contribute to value creation and to the development of the local community while also improving the lots of smallholder farmers and small business suppliers that will work with Starlink across the value chain,” Mrs. Awani added.

Distributed by APO Group on behalf of Afreximbank.

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Sonangol to Lead Decarbonized Oil & Gas (O&G) Development, Says Angolan National Oil Company (NOC) Head

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October 4, 2024

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Sonangol

Participating in an on-stage interview at Angola Oil & Gas 2024, Sonangol CEO Sebastião Gaspar Martins emphasized that oil and gas remains a core focus for the national oil company

LUANDA, Angola, October 3, 2024/APO Group/ — 

Angola’s national oil company Sonangol reiterated its commitment to driving sustainable hydrocarbon development during the Angola Oil & Gas (AOG) conference this week. Speaking during an “In-Conversation with” session, Sonangol CEO Sebastião Gaspar Martins stated that the company will not abandon oil and gas, but rather advance decarbonized oil and gas development.

We are looking at opportunities in the gas sector and have identified the right partner to develop non-associated gas

By investing in upstream oil and gas production while prioritizing low-carbon projects, Sonangol aims to boost national crude output, while diversifying and decarbonizing the industry. The NOC is focusing efforts on non-associated gas development, as well as alternative energy sources such as solar.

“We are looking at opportunities in the gas sector and have identified the right partner to develop non-associated gas. Gas produced from Angola LNG will be used for the production of fertilizer and we are evaluating the utilization of gas in the south of the country, linking gas with steel industries. We also have a blue carbon project, linked to the reduction of carbon through the plantation of mangroves. We have one area in Luanda and have identified four additional areas for this,” stated Gaspar Martins.

Sonangol has undergone transformation in recent years: following the creation of the National Oil, Gas & Biofuels Agency (ANPG) in 2019, Sonangol transferred its role as national concessionaire and regulator. This transformation has aimed to make Sonangol more competitive and strengthen its capacity as an upstream operator. Concurrently, the government is partially privatizing the NOC, with privatization set to be complete in 2026. This process will enhance financial capacity, allowing Sonangol to drive new upstream projects forward.

“The transformation of Sonangol started several years ago, when we passed the regulatory, concessionaire role to the ANPG. At the time, we transferred almost 600 employees to the ANPG. After that, Sonangol underwent a restructuring program where we created five core business units from 36 different entities – starting with exploration and production. We want to go public, but we want to do it properly. So, we are currently going through all the processes to do this,” stated Gaspar Martins.

Distributed by APO Group on behalf of Energy Capital & Power.

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