Strongest presence of Ministers and Government officials attending Africa Oil Week Africa Oil Week (www.Africa-OilWeek.com) is honoured to welcome the National Chairperson of the African National Congress, Mr. Samson Gwede Mantashe, to Africa Oil Week 2022. Mr. Mantashe, the South African Minister of Mineral and Energy Resources, is attending the leading Oil and Gas event in Cape Town, South Africa held by Hyve Group Plc. This unmissable event, home of the African Upstream, is set
Slowing economies and interest rate hikes are set to keep investors and traders off risk assets such as crude oil, which could mean that oil prices may not exceed $100 per barrel again this year, according to one of the world’s largest commodities traders, Trafigura. “Given the macro headwinds, I think generally prices will struggle … despite imminent sanctions,” Saad Rahim, Chief Economist for Trafigura, told Reuters on the sidelines of APPEC petroleum conference in Singapore.
“That would be the road to hell for America,” JP Morgan’s CEO Jamie Dimon said last week, referring to a suggestion that all big banks divest from the oil and gas industry. In the same week, Aramco’s chief executive warned that years of underinvestment in new oil production are beginning to bear fruit, which is an undersupplied market. Despite these statements that suggested oil prices should move higher, oil fell for much of the week. Yet it
Eni’s Chief Operating Officer Guido Brusco told attendees of the Gastech conference in Milan on Tuesday evening that the Italian energy giant “plans to fully replace Russian gas by 2025 helped by east med fields”. At the same time, deputy COO Cristian Signoretto told the conference that Eni would also invest nearly $4.5 billion every year for the next three years in upstream activities in several venues, including Qatar, Congo, Egypt, and Algeria. “We are fully
The surge in LNG prices has caused the international market for the fuel to concentrate in the hands of several large players, with a multitude of small LNG traders getting squeezed out. Reuters noted in a report today that the physical LNG market had swelled twofold since 2011, which has led to the increase in the numbers of LNG traders, especially small ones. These small traders, according to the report, accounted for a fifth of China’s imports
Energy Investment Village gives real opportunities to start-ups The Green Energy Africa Summit (GEAS) will give start-up companies an opportunity to connect with industry leaders and government officials through its Energy Investment Village, which features a selection of the most compelling local clean-tech projects. The companies will have the chance to pitch to energy leaders holding potential investments worth more than $100 billion. The Energy Investment Village is a partnership with the Saldanha Bay Innovation
Energy Investment Village gives real opportunities to start-ups The Green Energy Africa Summit (GEAS) will give start-up companies an opportunity to connect with industry leaders and government officials through its Energy Investment Village, which features a selection of the most compelling local clean-tech projects. The companies will have the chance to pitch to energy leaders holding potential investments worth more than $100 billion. The Energy Investment Village is a partnership with the Saldanha Bay Innovation
Energy Investment Village gives real opportunities to start-ups The Green Energy Africa Summit (GEAS) will give start-up companies an opportunity to connect with industry leaders and government officials through its Energy Investment Village, which features a selection of the most compelling local clean-tech projects. The companies will have the chance to pitch to energy leaders holding potential investments worth more than $100 billion. The Energy Investment Village is a partnership with the Saldanha Bay Innovation
Sonangol has officially been confirmed as a Diamond Sponsor at this year’s upcoming Angola Oil & Gas 2022 Conference and Exhibition Energy Capital & Power (https://EnergyCapitalPower.com) is proud to announce that Angola’s National Oil Company (NOC), Sonangol (www.Sonangol.co.ao), has been confirmed to participate at the Angola Oil & Gas (AOG) 2022 Conference and Exhibition (https://bit.ly/3Cdj47i) taking place on 29-30 November and 1 December in Luanda – as a Diamond Sponsor. Angola’s impressive energy developments continue
Tax revenues from the country’s diamond production, in August, stood at 5.5 billion kwanzas. The purchase value was estimated at 173 million dollars. The Industrial Tax was 1.85 billion kwanzas and the Royalty 3.7 billion. According to the document published on the Ministry of Finance’s website, the proceeds resulted from the sale of 773,000 carats at a price of US$267. In the month of July, 729 thousand carats had been sold at a price of
