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Africa oil and gas review 2020

Energising a new Tomorrow

Overview

The decade of the 2020s will be recorded in history as a pivotal period for the planet, the global economy and the global energy landscape. Spurred on by the COVID-19 global pandemic, the world is finally galvanising its commitment to move towards a green and sustainable future with the global energy transition as the cornerstone. This transition however is causing unprecedented disruption to the global oil and gas industry with Africa proving to be particularly vulnerable. 

In our 2019 Africa Oil and Gas review, many of the industry trend lines were heading towards positive territory for the first time in several years. COVID-19 has however reversed most of these gains as we experienced the biggest global oil demand slump in history, as well as an acceleration of the global energy transition. With global oil demand now estimated to never again exceed 2019 demand levels, the global energy markets have truly reached a tipping point.

In this tenth edition of PwC’s Africa Oil and Gas Review, we continue to build on annual insights into the sector, as well as expand the focus on African economies and the renewable energy transition and the opportunities that this presents to the African continent. 

 

Oil rig at sea

Africa can benefit from early adoption of the energy transition, using oil and gas revenues to accelerate the benefits and growth of green economics.

Energy transition

 

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Contact us

Andries Rossouw

Andries Rossouw

Africa Energy, Utilities and Resources Leader, PwC South Africa

Tel: +27 (0) 11 797 4060

James Mackay

James Mackay

Energy and Infrastructure Strategy Lead, PwC South Africa

Tel: +27 (0) 11 797 5653

Pedro  Omontuemhen

Pedro Omontuemhen

Africa Oil and Gas Leader, PwC Nigeria

Tel: +234 1 271 1700

Jose Azevedo

Jose Azevedo

Partner, PwC Mozambique

Tel: +258 21 307 620

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