Source: The Maritime Hub International
Held in Accra on November 9 2023, the 2nd Africa Energy Summit brought together Government officials, stakeholders, industry players, and academia in the oil and gas sector.
The summit provided an insight into the highlights as well as key discussions and themes covered by various speakers in the sector, across the continent.
Staying true to the key purpose of the summit, stakeholders revealed the sustainability tried to revenue generation in the sector and hence bringing leaders and global compelling development in addressing the impact of the energy sector.
Although the energy sector being attractive, it is at the same time competitive; consultations and wider stakeholder engagements at all level is key.
Oil is one of Gulf of Guinea (GoG) region’s main resources, located deep within its water and coastal areas.
Globally, energy supply for all countries especially those with high levels of consumption and industrial development becomes a matter of national security.
The drive for Ghana is to optimize value-creation along the upstream value-chain as Oil will continue to be the center of the whole industrial productive base and with a scramble competition for oil producing regions. 
The summit provided an unrivalled forum for driving investment into Africa and achieving Net zero by 2050 with the necessary investments.
Road map for Net zero by 2050 requires worldwide oil demand to fall to 77 million barrels per day by 2030 and 24 million barrels per day by 2050.
Projection by 2030 based on current policy settings of governments around the world: share of fossil fuels in global energy supply declines to 73% from 80%.
Energy Transition: Canadian Context on Canada’s Oil and Gas Sector, 96% of proven oil reserves are located in oil sands. The sector accounts for 26% of the country’s emissions.
The Offshore Africa Energy Summit also served an eminent gathering of industry leaders and provided the podium of recognition for their tremendous role and impact in the energy sector.
A report by Jackline Favour Asassey
Tags
Offshore Africa
Oil and gas
Upstream petroleum
Maritime Energy
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