Angola’s state oil company Sonangol and the Italian ENI’s gas exploration project in Mozambique were two of the winners of the awards given at the African Energy Week, taking place in Cape Town.
“National oil companies (NOC) have and continue to play a fundamental role in reducing energy poverty while ensuring pro-business investment environments, energy security, and leadership within the hydrocarbons sector, reads a press release in which Sonangol is announced to have won the “National Oil Company of the Year” award.
“This award serves to honor the NOC that has undertaken enormous strides to electrify their region through innovative operational and revenue management strategies.”, the statement adds.
In another category, Italian giant ENI’s gas exploration project in Mozambique also received an award.
The Coral Sul project won the “African Gas Monetization of the Year” award, which “recognizes companies and projects that are defying the odds of COVID-19 and industry restrictions, promoting gas monetization in Africa to close the energy poverty gap and drive the continent’s energy transition.”
Also of note, at the event organised by the African Energy Chamber, the ‘Lifetime Achievement Award’ was given to three distinct notables: Frank Fannon, Former United States Assistant Secretary of State for Energy Resources; H.E Yuri Sentyurin, Secretary-General, Gas Exporting Countries Forum; and H.E. Chief Timipre Sylva.
They have been awarded in recognition “for their courageous steps taken to promote the wellbeing of African citizens and improving the functioning and profitability of the energy and hydrocarbons markets.”