US EditionOil and Gas Consolidation Reshapes African Market
2 Articles
2 Articles
Oil and Gas Consolidation Reshapes African Market
Africa’s upstream oil and gas sector is undergoing a transformative shift. In recent years, majors have scaled back their exposure to mature, non-core assets across the continent, opening the door for a new wave of regional independents, traders, and non-African national oil companies (NOCs) to step in as consolidators and value creators. Angola and Nigeria have been the epicenters of this consolidation wave. Angola saw the formation of Azule En…
The oil and gas upstream sector in Africa is undergoing a transformative shift. In recent years, large companies have reduced their exposure to mature and non-essential assets across the continent, opening the door to a new wave of regional independents, traders and non-African national oil companies (NOCs) to intervene as consolidaters and value creators. Related:China Eyes on African Oil: Investing 16 billion in NigeriaAngola and Nigeria have …
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