Panel Discussion part of South Africa Energy Day – only at Africa Oil Week Africa Oil Week (https://Africa-OilWeek.com) is excited to present the panel discussion “What can Oil and Gas offer the South African Economy?” as part of its South Africa Energy Day, at Africa Oil Week. The panel – held at the leading Oil and Gas event in heart of Cape Town – will be moderated by Howie Frylinck, National Sales Manager, Pentagon Freight Services.
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
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
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
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,
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
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
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
Africa Oil Week Gold Sponsor SNPC shares its expertise ahead of AOW 2022 Ahead of Africa Oil Week (AOW) 2022 (www.Africa-OilWeek.com), gold sponsor SNPC shares their thoughts on exploration and development of natural hydrogen in the Congo Project Assessment of the CO2 sequestration potential in the Congolese coastal basinContext of the Project: Fight against greenhouse gases from the production of hydrocarbons/ promotion and valorization of renewable energiesPARTNER: PGSOBJECTIVES: Decarbonization of oil production activity in the
This year’s Prospects Forum will showcase a wide range of attractive farm-in and exploration opportunities in established and frontier markets Amidst a recent surge of exploratory drilling in Africa, Africa Oil Week (https://Africa-OilWeek.com) is organizing once again a Prospects Forum to offer a platform that will showcase some of the most attractive farm-in and exploration opportunities on the continent. The Prospects Forum will be moderated and animated by African investment and commodities research agency Hawilti
