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Africa Oil & Power Conference / Press release | Digitalization offers High Returns for Emerging Gas Producers like Mozambique (By Grace Goodrich)

Digitalization offers High Returns for Emerging Gas Producers like Mozambique (By Grace Goodrich)
Digital investment and uptake represents a billion-dollar opportunity for emerging LNG producers like Mozambique, as COVID-19 accelerates the demand for reduced-cost exploration
MAPUTO, Mozambique, March 3, 2021/APO Group/
By Grace Goodrich
The benefits of digital investment in the oil and gas sector are multifold: increased productivity, cost savings and improved performance all tend to follow investments in big data, the ‘Internet of Things’, artificial intelligence and other digital technologies. Yet according to Deloitte’s digital maturity index published last May, upstream oil and gas trails significantly behind other industries when it comes to the pace and degree of digital adoption. ....

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Africa Oil & Power Conference / Press release | Driving Deal-Making in Mozambique Post-COVID-19 (By Grace Goodrich)

Driving Deal-Making in Mozambique Post-COVID-19 (By Grace Goodrich)
The country seeks to engage local service providers to supply goods and services to gas megaprojects to drive in-country value generation and retention
MAPUTO, Mozambique, February 18, 2021/APO Group/
By Grace Goodrich
Mozambique defied global investment flows by reporting a rise in deal activity in 2020. Now, the country seeks to engage local service providers to supply goods and services to gas megaprojects to drive in-country value generation and retention.
While overall transactions dropped by eight percent in sub-Saharan Africa in 2020, in Mozambique, the number of transactions rose, with 12 deals reported compared to only four deals in 2019, according to a Baker McKenzie analysis (http://bit.ly/3b8L2Cq). Despite ongoing market uncertainty due to COVID-19, for Mozambique, this comes as little surprise: in recent years, the country has emerged as a regional hub for energy investment a ....

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