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On May 18, 2021, the International Energy Agency (IEA) released ‘Net Zero by 2050: A Roadmap for the Global Energy Sector’, which outlines plans for the global energy sector to reach ‘net zero’ greenhouse gas emissions by 2050.
Talking about oil and gas isn’t easy, especially at a time of widespread anxiety about the link between fossil fuels and climate change. But NJ Ayuk has never been one to shy away from difficult conversations. Instead, he embraces opportunities to approach thorny questions head-on, with a spirit of optimism about the future.
In late 2019, as the African oil and gas industry was looking to the future with optimism, an Offshore Engineer wrote that the continent had reason to expect a 'more productive 2020'. Instead, the unforeseen happened, and the COVID-19 pandemic had a devastating impact on the oil and gas industry in Africa and around the world.
We are excited to announce the release of the African Energy Outlook 2021. The report explores the forces shaping up the continent’s energy market after the historic shocks of 2020, and analyses the upcoming recovery on the back of the global energy transition and persisting market uncertainties.
Under the best economic circumstances, paying for legal services can be difficult for small businesses and start-ups. With the COVID-19 pandemic currently wreaking havoc on the global economy, and companies’ cash flow, there’s a good chance that businesses around the globe are putting their legal needs on the back burner.
In what seemed like the blink of an eye, Mozambique’s known natural gas reserves spiked from nearly nothing to over 165 tcf, placing it as the continent’s third biggest reserve holder. It has been almost exactly ten years since Anadarko drilled the well that would give Mozambique its first major gas find in over sixty years of mostly disappointing oil and gas exploration.
Demonising oil and gas companies is not a constructive way forward on energy transition. Africa will push for 'the Right to Drill'. African nations must and will take advantage of their hydrocarbon resources for economic development. Environmental sustainability is a part of it, not an impediment.