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Keith Hill’s Lasting Legacy in Africa’s Oil and Gas Industry (By NJ Ayuk)

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Keith Hill

Hill will be stepping down as the company’s president and CEO on Sept. 5, 2023

JOHANNESBURG, South Africa, July 27, 2023/APO Group/ — 

By NJ Ayuk, Executive Chairman, African Energy Chamber (http://www.EnergyChamber.org)

Under the leadership of Keith Hill, Canada-based Africa Oil Corp. has become one of the most competitive and impactful independent oil and gas explorers operating in the African continent.

Within the last two years alone, Africa Oil Corp. announced a major discovery offshore Namibia with partner TotalEnergies and secured two production-sharing contracts for offshore Blocks EG-18 and EG-31 in Equatorial Guinea.

The company has campaigns in Nigeria, South Africa, and the Senegal Guinea Bissau Joint Development Zone as well.

By driving widespread exploration and production throughout our continent, Africa Oil Corp. has been opening the door for African countries to overcome energy poverty and maximize the value of their petroleum resources.

These are some of the reasons why in 2022, I said that both Africa Oil Corp. and Hill, the company’s president and CEO, were game changers. The African Energy Chamber was proud of the work the company was doing in Africa then, and we remain proud of it today, even as our window to work with Hill draws to a close.

Hill will be stepping down as the company’s president and CEO on Sept. 5, 2023.

He’s leaving with the appreciation and respect of the African Energy Chamber. Hill has been a strong believer in Africa and a just energy transition for our continent. He has repeatedly shown himself to be the right leader at the right time, both for his company and for Africa’s energy industry.

A Deal-Maker and Risk-Taker

Hill, who got his start in the oil industry more than 35 years ago, earned his bachelor’s degree in geophysics and a master’s in geology from Michigan State University. He also holds an MBA from the University of St. Thomas in Houston. But like every other wildcatter of his day, he learned the oil business the hard way — through deal-making and risk-taking.

A sustaining belief in the future of offshore exploration led Hill to the frontier of deepwater West Africa, including Equatorial Guinea, along with Namibia and South Africa in the southern region of the continent. Seating with him late night in Namibia over beer he shared some fun stories with me about Sudan and Africa. He tells you African energy stories with so much passion that you will feel he has a love affair with Duke’s mayonnaise and Afrobeats.

During difficult moments, Hill will never hide his imperfections. He has his and it seats on his front porch. He is a straight shooter and does not glory in the slow, musical cadence of small talk. He looked and me in the eye and made a promise and he kept it. He is still one of the few in the business that can do a deal with a handshake and it is respected.

Hill has been a strong believer in Africa and a just energy transition for our continent

During his career, he has led successful exploration, asset acquisitions, and production campaigns at Africa Oil Corp., Shell Oil, and Occidental Petroleum. He was behind successful exploration initiatives by BlackPearl Resources Inc., Valkyries Petroleum Corp., and Tyner Resources as well.

Hill also is the chairman of Canadian oil explorer and developer ShaMaran Petroleum Corp. Before joining Africa Oil Corp. in 2009, he was the CEO of Canada-based The Lundin Group, which comprises minerals, metals, renewables, and energy sector companies.

During Hill’s 14-plus years at the helm of Africa Oil Corp., the company has grown from a fledgling independent exploration company to a full-cycle upstream company.

Steady Growth, Significant Impact

In 2022, Africa Oil Corp. made global headlines as a result of its stake in TotalEnergies’ massive Venus prospect in the Orange Basin offshore Namibia. Venus is believed to hold billions of barrels of light oil and associated gas. TotalEnergies’ discovery was the largest of 2022, and Africa Oil Corp. was the only publicly listed independent E&P company with exposure to it, through a 30.9% shareholding in its investee company, Impact Oil and Gas, one of the project partners.

Africa Oil Corp. continues to seize the vast opportunities Namibia has to offer. Earlier this summer, the company signed a letter of intent with Azinam Limited, a subsidiary of Eco Atlantic, to acquire a 6.25% stake in Block 3B/4B in the Orange Basin, increasing Africa Oil Corp.’s total stake in the block to 26.25%. With the block’s proximity and similar geographical structure to the Venus, Graff, La Rona, and Jonker discoveries in the basin, it’s a logical move.

At the same time, Africa Oil Corp. is successfully operating producing assets in deep water offshore Nigeria, where the company has a debt-free balance sheet and a robust portfolio of production and development assets.

As recently as May, Africa Oil Corp. announced that partner Total Energies was renewing Oil Mining License 130 in Nigeria. Africa Oil has an 8% interest in the license through its 50% shareholding in Prime Oil & Gas.

“The renewal of OML 130 is very good news for the Company and its shareholders,” Hill said at the time. He noted that the license “includes attractive growth opportunities such as the undeveloped Preowei oil discovery, which we can now take forward towards a final investment decision. Additional opportunities include step-out exploration and appraisal drilling, that should support production rates over the coming years.”

For many, Africa Oil Corp. represents a new era in the continent’s oil and gas industry, one with an increasingly important role for independents that recognize the tremendous opportunities our continent’s vast oil and gas resources offer. With international oil and gas majors divesting their African interests — often in attempts to decrease their overall emissions — independents have been stepping up to fill the gap.

More to Say About Africa

Hill, who will be joining Africa Oil Corp.’s board as a director, will continue to make a positive impact on Africa after he steps down from his current position. Keith is not leaving the scene. It is not in his character. I expect him to continue discussions and advocacy about investing in African energy and making energy poverty history. He will champion issues that are important African energy industry stakeholders  and we will continue to value Hill’s experience, perspectives, and advice. Even as Hill moves on to another chapter, we don’t expect that to change.

Distributed by APO Group on behalf of African Energy Chamber.

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RIOT Network and MediaTek collaboration expands digital access in South Africa through innovative, community-driven Wi-Fi solutions

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RIOT Network aims to make fast, unlimited Wi-Fi services accessible for people in townships and underserved communities

JOHANNESBURG, South Africa, November 22, 2024/APO Group/ — 

MediaTek (www.MediaTek.com), a global fabless semiconductor company powering nearly 2 billion connected devices a year, and RIOT Network (https://RIOT.Network), a community mobile broadband provider in South Africa, have announced the successful integration of Mediatek’s Filogic 830 (https://apo-opa.co/3CIbkNl) chipset into RIOT’s second-generation CROWDNet Core Nodes.

The successful deployment of the CROWDNet nodes has enabled RIOT Network to achieve its aim of offering uncapped internet at an affordable price of R99 per month, and to do so profitably. To date, RIOT Network, in partnership with Sonke Telecommunications, has leveraged the nodes to connect more than 800 households and 5000 users in Olievenhoutbosch to uncapped Wi-Fi services.

RIOT Network aims to make fast, unlimited Wi-Fi services accessible for people in townships and underserved communities. Its CROWDNet Nodes, enable an innovative model for deploying user-operated network infrastructure. Community members serve as operators of some of the core network devices to earn a share of the fee from neighbours who use the service.

With each new connection, RIOT Network is highlighting the role of innovative fixed-wireless solutions in extending broadband access and improving digital inclusivity

CROWDNet powered by MediaTek Filogic 830 brings affordable, last-kilometre broadband to communities where it is not commercially viable to deploy towers or fibre. The MediaTek Filogic 830 is a high-performance SoC for routers, repeaters, access points and mesh networking devices. The SoC enables device makers to build-in powerful applications based on an energy-efficient, Wi-Fi 6-ready platform.

“The Mediatek’s Filogic 830 chipset delivers a unique balance of high performance and cost-efficiency, allowing us to keep operational costs low while maximising network reliability and speed,” said Jarryd Bekker, CEO at RIOT Network. “This combination of affordability and sustainable business growth is pivotal to our vision of expanding digital access in underserved communities. Our work in Olievenhoutbosch near Centurion demonstrates the power of reliable, affordable internet, creating new opportunities for economic and social engagement.”

“With each new connection, RIOT Network is highlighting the role of innovative fixed-wireless solutions in extending broadband access and improving digital inclusivity,” said Rami Osman (https://apo-opa.co/4ghZBUn), Director for Business Development, MediaTek Middle East and Africa. “We look forward to supporting RIOT in building a future where high-quality internet is accessible and impactful for all.”

Distributed by APO Group on behalf of MediaTek Inc

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African Energy Chamber (AEC) Endorses Inaugural Congo Energy & Investment Forum, Catalyzing Growth in the Republic of Congo’s Energy Sector

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The African Energy Chamber proudly supports the inaugural Congo Energy & Investment Forum, scheduled for March 25-26, 2025 in Brazzaville

BRAZZAVILLE, Republic of the Congo, November 21, 2024/APO Group/ — 

The African Energy Chamber (AEC), as the voice of Africa’s energy sector, proudly supports the inaugural Congo Energy & Investment Forum (CEIF), set to take place in Brazzaville on March 25-26, 2025. Unveiled during African Energy Week: Invest in African Energies in Cape Town by the Republic of Congo’s Ministry of Hydrocarbons, this milestone event signals the nation’s commitment to strengthening its role as a key energy player on the continent, while showcasing a range of investment opportunities. 

Under the leadership of Hydrocarbons Minister Bruno Jean-Richard Itoua, the Republic of Congo has emerged as sub-Saharan Africa’s fourth-largest oil producer, with anticipated production of 280,000 barrels per day (BPD) by the end of 2024 and ambitions to reach 500,000 BPD within three to five years. Building on this momentum, the CEIF will highlight innovative projects and foster strategic partnerships that enhance investment, drive economic growth and position the Congo as a leader in Africa’s energy expansion.

Meanwhile, Société Nationale des Pétroles du Congo (SNPC), led by CEO Maixent Raoul Ominga, is spearheading the Congo’s energy growth. SNPC holds a majority stake in the Mengo Kundji Bindi II permit, with 2.5 billion barrels of estimated oil potential. The company is developing the site through 13 wells, 3D seismic data acquisition, and the construction of six production platforms. 

We are honored to secure the Chamber’s endorsement for this pivotal forum

With the Chamber’s official support, the CEIF is set to attract government leaders, C-suite executives from major IOCs and energy experts, who will offer critical insights into Congo’s oil, gas and energy sector developments. The country is overhauling its gas sector to unlock 10 trillion cubic feet of resources through a comprehensive Gas Master Plan and new Gas Code that introduces favorable fiscal terms and enables small-scale project development, as well as large-scale, integrated gas megaprojects like Eni’s Congo LNG and Wing Wah’s Bango Kayo. 

“The Congo Energy & Investment Forum marks a major milestone for the country, amplifying its strategic energy initiatives and showing industry stakeholders that it is serious about advancing its energy sector. We look forward to supporting this forum, which promises to connect investors, drive impactful partnerships and elevate the Congo’s position within Africa’s energy sector,” says NJ Ayuk, Executive Chairman of the AEC.  

“We are honored to secure the Chamber’s endorsement for this pivotal forum, which, through its vast network and influence, will help attract key stakeholders and decision-makers to the event. Together, we aim to highlight the immense potential of the Congo’s energy sector, foster strategic partnerships and drive transformative investments that contribute to sustainable growth across the industry,” notes James Chester, CEO of Energy Capital & Power, organizers of the CEIF.   

This premier forum provides a unique platform for connecting local and international investors with high-impact opportunities across a diversified range of energy projects, paving the way for collaborations that drive growth and transformation. The AEC’s endorsement underscores its commitment to fostering strategic partnerships, sustainable investment and regional cooperation, aligning with its broader mission to make energy poverty history across the continent by 2030.  

As the energy industry continues to serve as a critical pillar of the Congolese economy and a catalyst for sustainable development, the AEC remains dedicated to supporting initiatives like CEIF that foster progress, investment and partnerships across the African energy landscape. 

For more information, please visit www.CongoEnergyInvestment.com

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

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Any Successful African Energy Policy at Conference of the Parties (COP) or Anywhere Must Have Oil and Gas at its Core (By NJ Ayuk)

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Africa will need global financial systems, including multilateral development banks, to play a significant role in financing our energy growth which must include fossil fuels

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JOHANNESBURG, South Africa, November 21, 2024/APO Group/ — 

By NJ Ayuk, Executive Chairman of the African Energy Chamber (www.EnergyChamber.org).

I believe the ultimate responsibility for getting there is ours and no one else’s. Yes, we need partners to walk alongside us, but the success of our energy movement rests on African shoulders.

To begin with, I would love to see African energy stakeholders speaking in a unified voice about African energy industry goals.

This will be particularly important in COP29 in Baku. 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.

I would encourage African leaders to talk about the need for financing, as well, to make it possible for us to adopt renewable energy sources and set up the necessary infrastructure. Africa will need global financial systems, including multilateral development banks, to play a significant role in financing our energy growth which must include fossil fuels.

Africa’s governments have a role to play in a successful African energy movement as well.

Because Africa’s energy industry still can benefit greatly from the presence of international oil companies, our government leaders need to approve contracts with oil and gas companies promptly instead of allowing red tape to delay projects after discoveries are made.

And, they need to offer the kinds of fiscal policies that allow oil companies to operate profitably in Africa. In turn, that will help those companies generate revenue, create jobs and business opportunities, and foster capacity building.

I also would encourage governments and civil societies to reward companies that exemplify positive behavior. Let’s incentivize the kind of activities we want, from creating good jobs and training opportunities to sharing knowledge.

I would love to see African energy stakeholders speaking in a unified voice about African energy industry goals

And there’s more.

We in Africa must work together to create more opportunities for women to build careers in the oil and gas industry at all levels. Our energy industry can’t reach its potential to do good when half of our population is left out. Our progress on behalf of women has not been great—We need to do better, and we need to act quickly.

How the world can support

Now, I mean it when I say Africans are responsible for building the future they want. But, I would love to see Western governments, businesses, financial institutions, and organizations support our efforts.

How? They can avoid demonizing the oil and gas industry. We see it constantly, in the media, in policy and investment decisions, and in calls for Africa to leave our fossil fuels in the ground. Actions like these, even as Western leaders have pushed OPEC to produce oil, are not fair, and they’re not helpful.

I also would respectfully ask financial institutions to resume financing for African oil and gas projects and stop attempting to block projects like the East African Crude Oil pipeline or Mozambique’s LNG projects.

Please understand that with the war in Ukraine, the energy crisis in Europe, and the energy poverty facing our continent, our countries, like many others, are simply choosing the paths they believe are most likely to help their people.

You know, people for years have accused me of loving oil and gas companies more than Africa. The opposite is true. In my frequent travels around the continent, I’ve observed far too many young people with little in the way of opportunities.

I know our young people have aspirations for a better future. I know they have big dreams. And, I know that future is nearly within their grasp.

A thriving, strategically managed energy industry can make it possible for many of these young people, whether it leads to good jobs or it fosters the kind of economic growth that creates jobs in other fields. Even if we only get the lights on in their communities, we’ll be giving our young people hope and improving their chances of realizing their goals.

This is what drives me, the idea that with our ongoing efforts and determination, our young people can realize meaningful opportunities. I encourage each of you to work with us at the African Energy Chamber, in a spirit of cooperation and mutual respect. Together, we can build the kind of African energy movement that our continent, our communities, and our young people need and deserve.

Distributed by APO Group on behalf of African Energy Chamber.

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