Despite the international dip in oil prices, in recent years, Ghana’s oil and gas industry has sustained economic growth at a steady pace. The nation’s petroleum sector has experienced momentous levels of development, particularly since the discovery of oil in commercial quantities in the Jubilee fields in 2007[1], making it a target for many foreign investors around the world.
Equatorial Guinea’s oil and gas sector is on a path to recovery and is laying the groundwork for new initiatives towards economic advancement and legislative stability. The country’s economic structure is to be applauded as it prioritizes the development of local production and local participation in its petroleum sector. For example, Equatorial Guinea produces 244,000.00 barrels per day of oil (as of 2016), ranking 34th in the world[1], and has managed to increase its production capacity of gas significantly by 5.73%, yearly, from 6.2 million cubic metres in 2015, to 7.75 million cubic metres in 2018.
Centurion Law Group is pleased to announce the appointment of Energy and Infrastructure Attorney, Gari Matarirano in its Johannesburg office. Gari was a former director at Pinsent Masons LLP and Macfarlanes and
brings a wealth of expertise and capacity to Centurion’s M&A, energy, infrastructure and projects practice
groups.
Cameroon’s contribution to the advancement of the oil and gas industry has boosted its economic development and has seen a substantial increase in investments. 2018 was a monumental year for the country, as it became a natural gas producer. Suffice it to say that Cameroon’s upstream sector is a critical part of its economy. As…
Centurion Law Group is pleased to announce its invaluable contribution to the one of the highest-ranking legal reference websites, ICLG (International Comparative Legal Guides), providing useful tools for investors and businesses operating or looking to expand into the oil and gas sectors of Equatorial Guinea, Ghana or Cameroon.
The Invest in African Energy Reception took place in London on Thursday, 26th January. The Centurion Law Group was strongly represented as themes of securing new financing, strengthening trade and investment between Africa and Europe as well as attracting new players to Africa’s most prosperous oil, gas and power markets were explored.
Equatorial Guinea has updated its criminal code with the introduction of the Criminal Code 4/2022.
Diversification and Investment should be recognized as the pillars of development. As an innovative and client-focused firm, Centurion Law Group is pleased to announce its upcoming webinar, titled: “Investing in Africa with Centurion Law Group” on 21st February 2023.
Ghana’s first-ever independent Tax Appeals Board has been inaugurated after 2 years and a few months of its establishment under the Revenue Administration (Amendment) Act, 2020.
South Sudan gained its independence from Sudan on the 11th of July 2011 taking with it 75% of Sudan’s oil reserve fields which were located in the Southern Region. South Sudan’s oil sector plays a vital role in the country’s economy and most of the oil-producing assets are near or extend across the Sudan and South Sudan shared border. Since the split, oil production in Sudan and South Sudan declined because of continued domestic political instability in both countrie
The #AfricanEnergyWeek conference, the biggest indigenous energy conference on the African continent was held on the 18th to 21st of October 2022 in Cape Town, South Africa. The theme, “Exploring and Investing in Africa’s Energy Future While Driving an Enabling Environment” aimed to promote investment and development in the African Energy industry. A giant…
On the 27th of December 2022, the president of the Republic of Cameroon promulgated Law No. 2022/020 of 27 December 2022 which is the Finance law for the year 2023. The distinctive nature of this document is highlighted in its innovations which are focused on the taxation of businesses and households. Although this law grants tax exemptions to boost the productive sector, the Cameroonian government has also given itself the latitude to increase tax revenues.