08/10/2026
THE OIL & GAS INDUSTRY ISN’T DISAPPEARING. IT’S BEING REPOSITIONED.
The global energy conversation has changed.
Energy security, geopolitical risk, supply-chain resilience, rising electricity demand and renewed investment are putting oil and gas back at the centre of strategic decision-making.
And Africa is positioned at an important intersection.
Sub-Saharan Africa's upstream sector is expected to surpass 6 million barrels of oil equivalent per day in 2026, while new projects and exploration activity are opening opportunities across Nigeria, Angola, Uganda, Namibia, Mozambique and Côte d’Ivoire.
Nigeria is particularly significant, with 22 major offshore projects expected between 2026 and 2030 and an estimated $30–50 billion investment potential.
But the bigger question is not:
“How much more oil can Africa produce?”
It is:
“How much more value can Africa capture from its oil and gas resources?”
That means looking beyond crude exports toward:
→ Refining
→ LNG and gas processing
→ Petrochemicals
→ Fertiliser
→ Power generation
→ Energy infrastructure
→ Technology and oilfield services
→ Indigenous energy companies
The resurgence creates an opportunity — but it is a window, not a guarantee.
Africa must use this moment to convert natural-resource wealth into infrastructure, industrial capacity, jobs and long-term economic value.
H.G.&W explores this changing landscape in our latest thought-leadership paper:
“The Resurgence of the Oil and Gas Sector: Why Hydrocarbons Are Back at the Centre of the Energy Conversation.”
Find the link in the first comment.
