World information and analytics supplier Wooden Mackenzie has joined the African Vitality Week (AEW): Put money into African Energies 2025 convention as a Information Companion. By way of this partnership, Wooden Mackenzie brings their experience to Africa’s premier funding platform for the vitality sector, because the continent continues to drive socioeconomic improvement on the again of its immense useful resource wealth.
With an $800-billion, 20-year upstream capital expenditure (capex) program, Africa is effectively positioned to current substantial oil and gas-driven alternatives for worldwide traders, mission builders and repair suppliers. In keeping with Upstream Analysis Director at Wooden Mackenzie Ian Thom, a significant theme of funding for this immense capex program will probably be LNG, which has emerged as one of many continent’s most profitable sectors to drive funding and improvement.
According to its dedication to spurring progress in African vitality, Wooden Mackenzie publishes a sequence of African outlook experiences, offering real-time information and highlighting the newest developments and funding alternatives shaping the African commodities and vitality business. In its newest Sub-Saharan Africa Upstream: 2024 in Assessment report, launched in January 2025, the intelligence firm highlights a gradual manufacturing progress, with the area’s oil and gasoline output posting a 5% enhance.
This enhance, in accordance with the report, was pushed primarily by the start-up of Senegal’s Sangomar oil discipline and a restoration in Nigeria’s oil sector. The report additionally exhibits that mergers and acquisition spending within the area almost doubled to $6 billion whereas floating LNG developments gained momentum with vitality majors bp and Eni attaining start-ups within the Republic of Congo and the MSGBC Basin.
In the meantime, within the firm’s Vitality Transition Outlook: Africa report, launched in February final yr, the agency showcases a base case situation whereby Africa’s major vitality demand will enhance by 1.2 occasions from present ranges. In keeping with the report, this progress will probably be pushed by the continent’s upwards trending GDP and inhabitants progress.
With exploration accelerating throughout frontier and mature basins, in-depth market evaluation from Wooden Mackenzie will probably be essential in offering world traders with real-time insights on the state of play in Africa’s upstream business. As such, partnerships like these will probably be essential for offering perception into how African international locations are increasing their respective oil and gasoline methods to draw new investments and create extra favorable situations for world business gamers.
“Wooden Mackenzie’s experience in African commodity markets has supplied the continent with a aggressive benefit in attracting world investments. As African nations prioritize the event of each hydrocarbon and renewable vitality assets to make sure vitality safety and drive industrial progress, Wooden Mackenzie’s consulting, analysis and provide chain insights will play a key function in delivering optimistic outcomes for each African vitality builders and worldwide traders,” says Oré Onagbesan, AEW: Put money into African Energies Program Director.
As a Information Companion to AEW: Put money into African Energies 2025, Wooden Mackenzie will construct on these insights, offering the newest updates whereas enabling world stakeholders to navigate adjustments to Africa’s regulatory frameworks, fiscal incentives and insurance policies.
Distributed by APO Group on behalf of African Vitality Chamber.
