Independents drawn to African opportunities
Weak market sentiment for oil and gas stocks is opening E&P opportunities in Africa for private equity and small cap companies—and leading governments to rethink their fiscal terms to attract them
Few people in the oil and gas industry would disagree that Africa is the most exciting continent for exploration in the world, with the greatest concentration of unexplored basins and recently proven reserves. “Africa has a lot of outstanding opportunities,” says Keith Hill, president and CEO of Africa Oil Corp. “There are only two great places to be looking in unproven basins—Russia and Africa. Africa is probably the greatest frontier." The problem is that E&P has fallen out of fashion globally, with institutional investors piling pressure on listed companies about expensive and risky long-term investments, particularly while demand for oil and gas is clouded by doubts over the speed of
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
