Several energy firms have developed oil and gas projects in Africa and the Caribbean in recent years as they shift to focus on low-carbon oil and future-proofing their operations. With mounting pressure to decarbonize, many oil and gas majors have moved away from aging, carbon-intensive operating sites in favor of developing new projects in non-traditional oil regions. Meanwhile, African countries are determined to claim their piece of the global energy pie, unwilling to give up valuable natural resources without taking a stake in operations. So,…
