Posts Tagged ‘africa’

Why the world wants (sub Saharan) Africa’s oil

Posted on: April 28th, 2011 by Graeme Codrington No Comments

In his 2007 book, Untapped: The Scramble for Africa’s Oil (buy from Amazon.co.uk or Kalahari.net), John Ghazvinian suggested that there were at least six reasons why Africa’s oil is really “good” oil. Of course, any oil is good oil these days, but Africa’s oil producers has some distinct advantages that can work in Africa’s favour.

For the record, Africa’s top oil producers (bbls per year) are as follows (World list available here):

  1. Nigeria, 2.21 (14th in the world)
  2. Algeria, 2.12
  3. Angola, 1.9
  4. Libya, 1.8
  5. Egypt, 0.6

More importantly, I think, Africa’s top proven oil reserves (in billions of barrels) are as follows (World list available here):

  1. Libya, 47 (9th in the world)
  2. Nigeria, 37.5 (10th in the world) – still many untapped fields so the actual number is likely to be much higher
  3. Angola, 13.5 (15th in the world) – still many untapped fields
  4. Algeria, 13.4
  5. Sudan, 6.8
  6. Egypt, 4.3
  7. Ghana – recent discoveries in late 2010 has meant official estimate in January 2011 of 2 billion is now deemed very low (their newly opened Jubilee field has 1.8 billion barrels on its own – the second largest single field in the world).

Oil in Africa

Even with new discoveries on the West African coast, Africa still only supplies just more than 10% of the world’s oil. But there is huge hype around the continent. The United States already imports more oil from Africa than the Middle East, and China is increasingly looking to Africa for its energy security. Ghazvinian suggest the following reasons why Africa’s oil reserves are so exciting (much of this is taken from a summary by the author, available here):

(more…)

Why the world wants (sub Saharan) Africa's oil

Posted on: April 28th, 2011 by Graeme Codrington No Comments

In his 2007 book, Untapped: The Scramble for Africa’s Oil (buy from Amazon.co.uk or Kalahari.net), John Ghazvinian suggested that there were at least six reasons why Africa’s oil is really “good” oil. Of course, any oil is good oil these days, but Africa’s oil producers has some distinct advantages that can work in Africa’s favour.

For the record, Africa’s top oil producers (bbls per year) are as follows (World list available here):

  1. Nigeria, 2.21 (14th in the world)
  2. Algeria, 2.12
  3. Angola, 1.9
  4. Libya, 1.8
  5. Egypt, 0.6

More importantly, I think, Africa’s top proven oil reserves (in billions of barrels) are as follows (World list available here):

  1. Libya, 47 (9th in the world)
  2. Nigeria, 37.5 (10th in the world) – still many untapped fields so the actual number is likely to be much higher
  3. Angola, 13.5 (15th in the world) – still many untapped fields
  4. Algeria, 13.4
  5. Sudan, 6.8
  6. Egypt, 4.3
  7. Ghana – recent discoveries in late 2010 has meant official estimate in January 2011 of 2 billion is now deemed very low (their newly opened Jubilee field has 1.8 billion barrels on its own – the second largest single field in the world).

Oil in Africa

Even with new discoveries on the West African coast, Africa still only supplies just more than 10% of the world’s oil. But there is huge hype around the continent. The United States already imports more oil from Africa than the Middle East, and China is increasingly looking to Africa for its energy security. Ghazvinian suggest the following reasons why Africa’s oil reserves are so exciting (much of this is taken from a summary by the author, available here):

(more…)

Why the world wants (sub Saharan) Africa’s oil

Posted on: April 28th, 2011 by Graeme Codrington No Comments

In his 2007 book, Untapped: The Scramble for Africa’s Oil (buy from Amazon.co.uk or Kalahari.net), John Ghazvinian suggested that there were at least six reasons why Africa’s oil is really “good” oil. Of course, any oil is good oil these days, but Africa’s oil producers has some distinct advantages that can work in Africa’s favour.

For the record, Africa’s top oil producers (bbls per year) are as follows (World list available here):

  1. Nigeria, 2.21 (14th in the world)
  2. Algeria, 2.12
  3. Angola, 1.9
  4. Libya, 1.8
  5. Egypt, 0.6

More importantly, I think, Africa’s top proven oil reserves (in billions of barrels) are as follows (World list available here):

  1. Libya, 47 (9th in the world)
  2. Nigeria, 37.5 (10th in the world) – still many untapped fields so the actual number is likely to be much higher
  3. Angola, 13.5 (15th in the world) – still many untapped fields
  4. Algeria, 13.4
  5. Sudan, 6.8
  6. Egypt, 4.3
  7. Ghana – recent discoveries in late 2010 has meant official estimate in January 2011 of 2 billion is now deemed very low (their newly opened Jubilee field has 1.8 billion barrels on its own – the second largest single field in the world).

Oil in Africa

Even with new discoveries on the West African coast, Africa still only supplies just more than 10% of the world’s oil. But there is huge hype around the continent. The United States already imports more oil from Africa than the Middle East, and China is increasingly looking to Africa for its energy security. Ghazvinian suggest the following reasons why Africa’s oil reserves are so exciting (much of this is taken from a summary by the author, available here):

(more…)

McKinsey report on Africa – and it's good news!

Posted on: June 28th, 2010 by Graeme Codrington 2 Comments

Global consulting company, McKinsey, have just released a report entitled, “Lions on the move: The progress and potential of African economies” (June 2010). It was part of a larger “package” of reports on Africa (click here to view them all).

Their report is bullish on Africa, providing some interesting reading for those with little knowledge of “the dark continent” and for those who are ignoring Africa in their future strategies and growth plans for developing markets. Here are some of the highlights and facts (many from the McKinsey report, but also from other sources):

(more…)

McKinsey report on Africa – and it’s good news!

Posted on: June 28th, 2010 by Graeme Codrington 2 Comments

Global consulting company, McKinsey, have just released a report entitled, “Lions on the move: The progress and potential of African economies” (June 2010). It was part of a larger “package” of reports on Africa (click here to view them all).

Their report is bullish on Africa, providing some interesting reading for those with little knowledge of “the dark continent” and for those who are ignoring Africa in their future strategies and growth plans for developing markets. Here are some of the highlights and facts (many from the McKinsey report, but also from other sources):

(more…)

FaceBook’s new Mobile Site – Vodacom, MTN, Cell C #Fail

Posted on: May 21st, 2010 by admin-kablooey 2 Comments

Yesterday’s news on Mashable was the launch of FaceBook’s new mobile site.

The new site, 0.Facebook.com, will be available in 45 countries through 50+ mobile and wireless network operators. It is a trimmed-down version of Facebook with most of the features ofm.Facebook.com, including status updates, a newsfeed, Likes, wall posts and comments.

The ‘killer feature’ is that it’s FREE to use. That is of course if the mobile phone provider in your country has done whatever deal is necessary with FaceBook to use it.

50+ countries surely had to include South Africa. Right? I mean if there’s an African country involved, we’ve surely got to be at the top of the list. Over 1 000 000 FaceBook users in SA means FaceBook would have worked hard to get an agreement with one of the mobile phone operators in this country. And what a win for them.

Except, as you’re correctly guessing, South Africa is not on the list. The list includes Swaziland, Uganda, Rwanda, Guinea Bissau and DRC. Many of those are through MTN. But South Africa is not on the list.

Why is this?

The only answer I can come up with is because of the ridiculous amount of money that the mobile phone operators in SA are making. Yesterday I saw figures that suggested there are over 10 000 000 data subscribers in SA, so why attempt to lure them with a free service when you can milk them dry?

Am I wrong?

Free WiFi for everyone in Africa (one man’s dream becoming a reality)

Posted on: May 20th, 2010 by Graeme Codrington 1 Comment

A recent Fast Company article caught my eye. It was entitled: Kayak.com Cofounder Paul English Plans to Blanket Africa in Free Wireless Internet. This sounds amazing and is worth following.

Fast Company give further details:

Paul English, the cofounder of travel search engine Kayak.com, wants to blanket all of Africa with free and low-cost Wi-Fi. It’s a “big, big project,” one that will consume the next decade of his life, English tells FastCompany.com.

JoinAfrica aims to bring a world of information to a continent whose population only has 8.7% Internet penetration right now. At the core of JoinAfrica is the belief that providing basic Internet is as essential to society as clean water and clean power.

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