SONILS Energy Capital & Power (ECP) is proud to announce that Emilio Costa, General Manager of Sonangol Integrated Logistics Services (SONILS), will deliver a keynote speech during this year’s Angola Oil & Gas (AOG) conference, taking place in Luanda from September 13-14. Costa brings a wealth of experience to the conference, having previously served as the General Manager of Puma Energy and Trafigura in Angola. His participation at the event is set to advance the
Energy Capital & Power (ECP) is proud to announce that Maggy Shino, the Petroleum Commissioner at Namibia’s Ministry of Mines and Energy, will return to the Angola Oil & Gas (AOG) conference and exhibition as a speaker. Taking place from September 13-14 in Luanda, AOG provides a platform where Namibia and Angola can strengthen bilateral cooperation in the field of energy. Namibia has seen a wave of energy developments take off in the last two
Angolan oil production reached 35.631 million barrels in July, an increase of 2.023 million barrels compared to the previous month, as announced by the National Agency of Petroleum, Gas, and Biofuels (ANPG) in its monthly production summary released yesterday. In the month of July, from an expected production of 1,132,364 barrels of oil per day (bpd), Angola produced 1,149,393 bpd, surpassing expectations according to the hydrocarbon concession agency. The figures presented by ANPG indicate that
The Egyptian firm, TWMA, has secured a $15 million contract to provide support for BP’s offshore project. The project involves the deployment of TWMA’s RotoMill drill cuttings processing technology for BP’s WND & END exploration and development initiative in the Mediterranean Sea. This five-year project is set to begin in October of this year. The RotoMill technology was chosen for its positive environmental impact. Through thermal desorption, it separates drill cuttings and associated materials into
India and the UAE have started settling bilateral trade in their local currencies, with India’s top refiner making a payment in rupees for the purchase of a million barrels of oil from the Middle Eastern nation, the Indian government said on Monday. Indian Oil Corp made the payment to ADNOC for the purchase, according to a statement issued by the Indian embassy in the UAE. The transaction follows another involving the sale of 25 kg
With the award of several large projects and a busy bidding pipeline, the EPC giant Petrofac is on a concerted recruitment drive. Oil & Gas Middle East spoke to Des Thurlby, Petrofac’s Group Director of Human Resources, about the type of roles involved, the qualities Petrofac is looking for in candidates, and the reasons why people should consider applying. Oil & Gas Middle East: Can you tell us about the current recruitment drive at Petrofac
The crude exports by South Sudan have climbed to their highest level in almost two years despite an ongoing war between Sudan’s government forces and a paramilitary group that erupted in April. Crude shipments now average 154,839 barrels per day, about double March’s figure of 77,419 barrels per day. Experts have grown increasingly worried that East Africa’s oil hub will be plunged further into chaos and left without its main source of livelihood ever since
Gold’s status as a safe-haven asset wanes due to rising interest rates and an increased appetite for riskier investments. Despite holding above the $1,900 mark since March, continued healthy employment and declining inflation in the US have shifted market perspectives. Analysts highlight challenges for gold, including the continuous selling of exchange-traded funds, with net outflows marking their lowest level since April 2020. Gold Prices The price of gold has weakened in the face of a
Journalists from various public and private media outlets in the province of Lunda-Sul were equipped with knowledge about the Kimberley Process (KP) on Saturday. The participants were informed about “Mastering the Kimberley Process certification system,” “Kimberley Process trends and current issues in review and reforms,” and “Statistics on global production and trade of rough diamonds: Angola’s position in the ranking.” On the occasion, Estanislau Buio, the Executive Secretary of the Kimberley Process Commission (KP), explained
The debt of 75 billion kwanzas in bonds issued on Monday by Sonangol in the national market will be used to pay suppliers and for investments, announced the President of the Board of Directors of the state-owned oil company during a press conference presenting the operation. He continued by saying that the amount is not sufficient to cover the company’s business needs, but it serves as a “trial balloon” to evaluate and help stimulate the
