8 °c
London
Sunday, April 11, 2021
No Result
View All Result
FurtherAsia FurtherArabia FurtherBrazil FurtherRussia
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

CEO: Africa’s oil and gas industry still offers opportunities for service providers

FurtherAfrica by FurtherAfrica
May 24, 2016
in Africa, Angola, Botswana, Economy, Energy, FDI, Finance, Gas, Ghana, M&A, Mining, Mozambique, Namibia, Natural Resources, SADC, South Africa, Tanzania, Trade, Uncategorized, Zambia
Reading Time: 2 mins read
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

The sharp decline in the oil price has left crude-dependent countries reeling. In Africa, many oil and gas companies have slashed capital expenditure and put projects on hold.

But according to Geoffrey White, CEO for Africa at global logistics services provider Agility, all is not lost as there are still opportunities for companies that provide services to the continent’s oil and gas industry.

“We are still seeing projects progressing, maybe not as fast as they were, but they are still progressing,” notes White

Globally, Agility has provided logistics support to mega oil and gas projects in places such as Australia, Doha and Papua New Guinea. In Africa it is currently involved with projects in Angola and Nigeria.

Several countries in the continent have recently discovered oil and gas, and are still in the early stages of development. White singles out the case of Mozambique, where significant natural gas discoveries has been made. According to US exploration and production company Anadarko, Mozambique could become the world’s third-largest exporter of natural gas.

“[Countries] like Mozambique need someone to invest in infrastructure and the capability to build oil and gas compliant logistics to enable and support the development of what is potentially 10 liquefied natural gas (LNG) plants in the north of the country,” says White.

The Agility Africa boss notes there are similar opportunities in Tanzania, Kenya, Uganda, Côte d’Ivoire, Ghana, Mauritania and Senegal. In each of these countries there are insufficient human resources, infrastructure and logistics capacity – essentials for exploiting natural resources.

White says the gaps in project logistics in the oil and gas industry are severe, and often deliveries need to be made to “a barren field with no connectivity and no roads”.

“So there is a requirement for governments and [local] companies to partner with and work with international companies that do have the knowledge and expertise as to how you develop those projects and build the logistics platform to deliver all the components for these major projects.”

Although the oil and gas industry is currently not a big part of Agility’s business in the continent, White sees strong opportunities over the long run.

“I think the real opportunity is the new growth stories across the continent, where Africa is going to become a major energy exporter over time. The oil and gas story around Africa has really strong growth potential over the next ten years.”

Agility has opened offices in Mozambique and Ghana, specifically to take advantage of opportunities in the hydrocarbons sector.

In Mozambique, it has done a review of the country’s infrastructure and logistics capabilities needed to support the industry.

“We have [made some] agreements with various government agencies to bring solutions when the project starts moving forward.”

He says Agility will be making similar moves in Tanzania and Côte d’Ivoire.

“[This] is a sector that we think is very undeserved currently and in conjunction with governments and local partners, there is a big opportunity to build the infrastructure and capabilities to deliver all the project logistics that are required for the industry as it grows.”

Source: How we made it in Africa

Related

Tags: AgilityanzaniaCôte d’IvoireGasGeoffrey WhiteGhanainvestmentKenyaLNGMauritaniaMozambiqueoilSenegalUgandaモザンビーク莫桑比克
ScanSendShare320Tweet200Share56Pin72Send
Previous Post

Iran Begins LNG Exports to Kenya, Tanzania, South Africa

Next Post

South Africa sets up LNG import unit

FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Akon City
Construction

Akon to build second futuristic ‘Akon City’ in Uganda

by Mark-Anthony Johnson
April 11, 2021
Expressway Through Nairobi National Park? KWS Explains It All
Weekend

Zambian city dwellers look to nature to stay sane

by Staff
April 11, 2021
Weekend: Love yourself and celebrate your victories!
Lifestyle

Weekend: Love yourself and celebrate your victories!

by Sibongile Nchifor
April 10, 2021
Ethiopian Airlines celebrates 75th anniversary
Aviation

Ethiopian Airlines celebrates 75th anniversary

by Mark-Anthony Johnson
April 10, 2021
African leaders pay tribute to Prince Philip
Diplomacy

African leaders pay tribute to Prince Philip

by FurtherAfrica
April 10, 2021
Next Post

South Africa sets up LNG import unit

Angola: BNA to adapt financial system to international standards

Natural gas extraction in Mozambique likely to begin in 2021

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

2021 AFSIC
2022 Indaba Mining

FurtherAfrica Partners

The Exchange Club of Mozambique Taarifa Rwanda
CrudeMix Africa TechGist Africa Farmers Review Africa
Botswana unplugged Financial Insights Zambia Africa Oil & Power
Harambee Africa Novafrica  

Subscribe to FurtherAfrica

Enter your email address to receive notifications of new articles on your email.

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

© 2021 FurtherMarkets

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?