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Author: CKM Staff

Energy Gas Petroleum

Government reaffirms commitment to the energy transition

The Government maintains the commitment to take Angola to achieve carbon neutrality by 2050, enhancing the energy transition program underway, while projecting the permanence of oil and gas drivers of economic development, declared the Minister of Mineral Resources, Petroleum. and Gas. Diamantino Azevedo, who was speaking on Wednesday at the 2nd Economy and Market Conference (E&M), devoted to the environment and development, reaffirmed the Government’s conviction that the energy transition is an unavoidable process for

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Economy Energy Gas Oil

The Idea Of A Windfall Tax On Oil And Gas Is Gaining Popularity

As the European Union introduces an extensive windfall tax, the region is putting pressure on other parts of the world to do the same. The U.K. may have already taxed oil and gas companies to subsidize rising consumer energy bills, but the E.U. is going one step further by planning a total overhaul of the energy market. Yet, other world powers, such as the U.S., have avoided taxing energy companies, instead turning to the oil

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Energy

How To Play The Selloff In Oil And Gas Stocks

After finishing the week as the worst performing sector amid growing recession fears, the energy sector has been paring back losses with WTI crude up 1.7% to $79.79/barrel while Brent has added 1.3% to trade at $87.42/barrel in Wednesday’s intraday session. Risk averse sentiment also hit U.S. natural gas futures, with the front-month October contract falling nearly 10% over the past week to trade at $6.54/MMBtu. Oil prices are a long way off their mid-June peak, when Brent

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Energy International News

Energy Sector Is The Exception A In Lackluster IPO Market

n more ways than one, the IPO market isn’t quite what it used to be a decade or two ago. The proportion of U.S. companies that choose to go public has been on a steady decline for more than two decades now, with startups often opting to sell out to bigger firms or remain private. Many observers have laid the blame for this unfortunate trend squarely on increasing red tape including rising regulatory and disclosure

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Economy Energy Gas Oil

BP Restarts Offshore Oil And Gas Platforms After Hurricane Ian

BP has restarted production at its offshore Na Kika and Thunder Horse oil platforms in the Gulf of Mexico after redeploying previously evacuated staff, BP PLC said on Thursday. BP halted production on the two platforms on Monday ahead of Hurricane Ian that made landfall in Florida on Wednesday. Chevron had also evacuated personnel and shut its production at its Petronius and Blind Faith platforms in the Gulf ahead of the storm. As of Thursday, 11 total

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Economy Energy International News Oil

Major Commodity Trader Sees Looming Oil Price Spikes

While traders and investors in the paper oil market are focused on looming recessions and interest rate hikes, those on the ground – executives at oil producers and commodity traders – warn of oil price spikes in the future as years of underinvestment have depleted capacity and the potential of new oil production to fill the growing supply gap.  Recession Fears Drag Oil $40 A Barrel Down From Spring Peak Growing fears of imminent recessions

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Economy International Oil

Oil Prices On Track For First Quarterly Loss Since 2020

Fears of a global recession have caused crude oil prices to fall for most of the quarter that ends today and they are likely to book their first quarterly decline since 2020, according to Bloomberg. “Oil’s poor quarter is clearly a reflection of an oil market that is losing its tightness as global recession risks surge,” Ed Moya, senior market analyst at Oanda, told Bloomberg. “Energy traders clearly expect drastic action by OPEC+.” “Amid so much uncertainty,

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Economy Oil Petroleum Renewable Energy

Cabinda refinery begins the recruitment process

The Cabinda Refinery has already started the process of recruiting personnel, whose company responsible for the selection of candidates is managing, in this first phase, a total of 180 vacancies, for a project that expects to create more than 10 thousand direct and indirect jobs. Candidates must have as necessary requirements at least 10th grade or an equivalent technical course, degrees in technical training areas”, said the administrator of Cabestiva, João Panzo, quoted today by

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Economy Energy Oil Petroleum

Atlas Petroleum Remains an Investor in Block P, Equatorial Guinea with 34.13% Participating Interest

Atlas Petroleum, as a legacy investor in Equatorial Guinea, has been a partner in Block P prior to Vaalco’s entrance to the block, and remains an investor with active participating interest in Block P Atlas Petroleum notes the recent press statement by Vaalco Energy, Inc. on the Block P Venus discovery Plan of Development (POD). We are in constant communication with the government and have never received a letter from the government or GEPetrol that

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Energy Economy Renewable Energy

Invest in the Republic of Congo Event at African Energy Week to Showcase Hydrocarbon Market Opportunities

The Invest in Congo side event at AEW 2022 will showcase investment opportunities across the Central African country’s oil and gas industry Representing Africa’s premier energy event, the 2022 edition of the African Energy Week (AEW) (www.AECWeek.com) conference and exhibition aims to position African oil and gas-producing countries as globally attractive energy investment destinations by uniting African energy stakeholders and policymakers with global energy companies and investors to discuss investment trends and the future of African

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