Wood Mackenzie Joins African Energy Week as Knowledge Partner
Wood Mackenzie, a global data and analytics provider, has partnered with the African Energy Week (AEW): Invest in African Energies 2025 conference as a Knowledge Partner. This collaboration aims to bring Wood Mackenzie’s expertise to Africa’s premier investment platform for the energy sector, as the continent continues to drive socioeconomic development through its vast resource wealth.
Africa boasts an $800-billion, 20-year upstream capital expenditure (capex) program, presenting significant oil and gas opportunities for international investors, project developers, and service providers. According to Ian Thom, Upstream Research Director at Wood Mackenzie, LNG will be a major focus for investment in this program, emerging as one of the most lucrative sectors in Africa for driving investment and development.
Wood Mackenzie is committed to fostering growth in African energy and regularly publishes African outlook reports, offering real-time data and insights into the latest trends and investment opportunities shaping the continent’s commodities and energy industry. In their recent report, “Sub-Saharan Africa Upstream: 2024 in Review,” Wood Mackenzie highlights a 5% increase in oil and gas production, driven by the start-up of Senegal’s Sangomar oil field and a recovery in Nigeria’s oil sector. The report also notes a significant increase in mergers and acquisitions spending in the region, reaching $6 billion, and highlights the progress of floating LNG developments in the Republic of Congo and the MSGBC Basin.
In their “Energy Transition Outlook: Africa” report from last year, Wood Mackenzie projects a 1.2 times increase in Africa’s primary energy demand, driven by the continent’s growing GDP and population. The company’s in-depth market analysis will be crucial for providing global investors with real-time insights into Africa’s upstream industry, especially as exploration accelerates across frontier and mature basins.
Wood Mackenzie’s expertise in African commodity markets has given the continent a competitive edge in attracting global investments. As African nations prioritize the development of both hydrocarbon and renewable energy resources for energy security and industrial growth, Wood Mackenzie’s insights will play a key role in delivering positive outcomes for both African energy developers and international investors.
As a Knowledge Partner to AEW: Invest in African Energies 2025, Wood Mackenzie will continue to provide the latest updates and insights, helping global stakeholders navigate changes in Africa’s regulatory frameworks, fiscal incentives, and policies.
This partnership between Wood Mackenzie and AEW highlights the importance of collaboration in driving investment and development in Africa’s energy sector, ultimately contributing to the continent’s sustainable growth and prosperity.
