Over the last 50 years Gabon’s economy has been largely dependent on oil extraction and this continues to be true today. After reaching peak oil production in 1997, with an average of 370,000 barrels per day (bpd), maturing oil fields and slowing discovery rates have resulted in a decline in output to 245,000 bpd in 2012. Oil companies are embarking on major investment programmes to help boost...
Africa Energy
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Long viewed as a bastion of stability in the Central African region, thanks in part to large hydrocarbon revenues that have helped it maintain one of the highest levels of per capita income in the region, Gabon has been able to leverage its diplomatic clout throughout sub-Saharan Africa.
Articles & Analysis | Training day: The influx of new projects has resulted in a skills shortage from The Report: Ghana 2013
From the oil services firms building steel pallets in Takoradi, to marketing firms distributing fuel to industry, Ghana’s petrol companies offer attractive employment opportunities to the upwardly mobile populace. Prince Charles Dedjoe, the executive chairman of the Chadeco Group, told OBG, “The oil and gas sector is poised for growth, but the...
Interviews & Viewpoints | OBG talks to Aidan Heavey, CEO, Tullow Oil from The Report: Ghana 2013
Articles & Analysis | It’s a gas: Natural gas has the potential to power the country from The Report: Ghana 2013
Harnessing domestic natural gas to power the electrical grid will be one of the most immediate economic benefits of the recent hydrocarbons finds. The government is racing to construct the infrastructure to transport the gas produced at the Jubilee field, turn it into feedstock, and supply Takoradi’s thermal power plants. However, the project has...
Articles & Analysis | Investor interest: Planned investment slows pending new legislation from The Report: Ghana 2013
As the first flush of exploration and production in Ghana’s offshore oil winds down, there is little planned greenfield investment in Ghana’s oil fields for 2013. Part of this is a result of domestic developments: in the first half of the year, with litigation over the 2012 results of the presidential election pending, debates over a revised...