Energy Capital & Power

Energy Capital & Power

Oil and gas continues to play a critical role in the development of the African continent. With many resource rich countries looking to expand exploration and accelerate production across multiple sectors, Africa is rapidly becoming a global competitor, capturing the attention of international investors and stakeholders. African Energy Week (AEW) 2021 builds on this momentum, offering a suitable platform for enhanced dialogue between Africa’s National Oil Companies (NOC). Through an NOC dedicated summit that took place on the second day of the event, NOCs gathered to discuss the challenges and opportunities they face in the sector, providing the opportunity for the fostering of cooperation and partnerships and moving the continent into a new era of integration and collaboration.

One of the primary objectives of the NOC Summit was to enable Africa’s NOCs to come together and form impactful relationships that will drive the continent’s energy growth. Chaired by Sonangol, the NOC of Angola, the Summit hosted the following NOCs: PetroSA; Central Energy Fund; the Strategic Fuel Fund; the Nigerian National Petroleum Corporation; Gabon Oil Company; Ghana National Petroleum Corporation; Empresa Nacional de Hidrocarbonetos; SONIDEP, Société Nationale des Pétroles du Congo; Namcor; Sonangas; Uganda National Oil Company; Petrosen; Nilepet; Sudapet; and the Gambia National Petroleum Company.

NOCs have taken on a more proactive role in Africa’s energy development, demonstrating that they serve as key drivers of expansion and progress. With many NOCs undergoing structural reforms and realigning industry targets, Africa’s NOCs are well positioned to drive investment and development. In this regard, AEW 2021 provided NOCs with the opportunity to network and form intra-African partnerships.

Specifically, the Summit enabled NOCs to discuss the value of collaboration and future opportunities; to share experiences within the oil and gas industry; and to propose and collaborate on key strategies regarding capital raising in a post-COVID, energy transition context. By engaging on key topics, Africa’s NOCs were able to charter a new way forward for the African energy industry, one that was based on cooperation and unity.

Split into two sessions, the NOC Summit first investigated NOCs in the energy transition era, while the second proposed an action plan, fostering cooperation among African NOCs. AEW 2021 was the first and only energy event to place collaboration among NOCs at the center of Africa’s energy plan. Rather than rely on international oil companies to advance the sector, AEW 2021 recognizes the role that NOCs will play in positioning the continent as a globally competitive energy industry.

Distributed by APO Group on behalf of Energy Capital&Power.

Send us your press releases to

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.