This review of developments in the African oil & gas industry is our fourth in a series of similar reviews. It represents the experience and views of industry players across Africa, including international oil companies operating in Africa, national oil companies, oilfield service companies, independent oil companies and industry commentators, who have provided vital insight into the latest developments impacting the industry in this region in the last 12 months in the major and emerging African oil & gas markets.
According to new analysis of the largest 40 miners from PwC, the industry trimmed spending and largely managed expectations through higher production and unexpected help from currency devaluations and lower input costs, despite continued headwinds from weak commodity prices.
Africa faces a huge electricity demand challenge. Existing infrastructure is insufficient to meet current requirements, let alone the growth of the coming decades. Installed power capacity is expected to rise from 2012’s 90GWto 380GW in 2040 in sub-Saharan Africa.
In the second edition of our Oil and Gas Tax Guide for Africa, our oil and gas country specialists have provided up to date information on the oil and gas fiscal and regulatory regimes in 19 countries: Algeria, Angola, Cameroon, Egypt, Gabon, Ghana, Ivory Coast, Kenya, Liberia, Libya, Morocco, Mozambique, Namibia, Nigeria, Republic of Congo, Senegal, South Africa, Tanzania and Uganda.