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African Energy 2024: Surging investment, waves of change – Oil & Gas 360

Summary by Oil & Gas 360
(World Oil) – I’ve said for years that African energy is a vital investment. Backers clearly agree — to the tune of USD47 billion. That’s how much capital expenditure (capex) 2024 saw in African oil and gas, showing a 23% increase from last year. Better yet, we expect growth to continue through the end of the decade. This capex activity is a welcome sign that energy majors are deepening their long-term interests in Africa. And as our 2025 State
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