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Category: Economy

Economy Energy Gas Oil

Oil and Gas: The Right Solution for Uganda

The traditional wisdom that hydrocarbons constitute the worst “dirty energy” solution is inaccurate Hydrocarbons remain a necessary part of the global energy mix. Unlocking Uganda’s fossil-fuel resources will help meet its development needs – and even reduce emissions. With the world now practically unanimous about the need for more sustainable energy solutions, the idea of what exactly these solutions should be is coming into sharper focus. African energy players are making the point that their

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Economy Energy Oil

One Week to Go Until South Sudan Oil & Power 2022

With one week to go until regional and global stakeholders convene in the capital city of Juba, South Sudan Oil & Power 2022 is getting ready to welcome investors and energy players to the gateway of East Africa Taking place from September 13-14 this year in Juba, South Sudan Oil & Power (SSOP) 2022 (https://bit.ly/3A1hgvV) – organized by Energy Capital & Power (www.EnergyCapitalPower.com) – proudly celebrates its fifth anniversary as the premier international forum driving business and

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Economy Energy Gas Mining Oil

Golar LNG to Shape Gas Midstream Dialogue as a Bronze Sponsor at the African Energy Week (AEW) 2022

Golar LNG will be coming to Cape Town to shape high-level discussions around how Africa can improve infrastructure for gas production, processing and transportation as a bronze sponsor at AEW 2022 Liquefied natural gas (LNG) projects present a massive opportunity for Africa to exploit, trade and monetize its vast natural gas resources to address energy security and fuel economic growth. The African Energy Chamber (AEC), as the voice of the African energy sector, is committed

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Economy Energy Gas Mining Newsletter

Biggest Names in Oil, Gas and Energy Confirmed for Africa Oil Week 2022

Supermajors, International Companies among those Committed to the Home of the African Upstream Only at AOW 2022 Africa Oil Week (AOW) (https://Africa-OilWeek.com) is proud to announce the biggest names from across the oil, gas and energy value chain will be attending the Home of the African Upstream, AOW. With an incredible line-up of hundreds of companies registered so far, AOW promises to deliver game-changing, deal-making opportunities for its attendees. Many world-leading Upstream organisations have been

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Economy Energy Gas Oil

Former Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu Republic of Nigeria, Attending Africa Oil Week 2022

Africa’s leading oil and gas event sees the strongest presence of Ministers and Government officials Former Minister of State for Petroleum Resources, Dr Emmanuel Ibe Kachikwu of the Republic of Nigeria will be attending Africa Oil Week (www.Africa-OilWeek.com) 2022. The accomplished scholar, thought leader, and Exxon Mobil’s Nigerian general counsel is attending the leading Oil and Gas event, being held in Cape Town – the heart of South Africa. Organised by Hyve Group Plc., Africa

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Economy Energy Gas Mining Oil

African Energy Chamber Urges United States (US) to Lift South Sudan Oil Sanctions (By NJ Ayuk)

Investments in oil and gas projects have decreased, and the sanctions have dampened interest in the country’s first licensing round Four years have passed since the U.S. imposed sanctions on South Sudan’s oil industry. The goal had been to prevent oil money from funding the civil war that had been raging since 2013. By curtailing the ability of businesses and organizations to provide revenue for the South Sudanese government, U.S. officials reasoned, they could pressure

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Economy Energy Mining Oil

Brent traded below $90

The barrel of Brent oil, a reference for Angolan exports, for delivery in November, traded yesterday until close to market closing time, at US$85.3, falling for the first in the last six months to below US$90. At the start of the session, the price of a barrel of Brent oil was fixed at 92 dollars, but on Tuesday, deliveries for November closed, in the London futures market, down 3.04 percent, to 92 .83 dollars. Fears

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Economy Energy

Angola has the sixth largest share among 10 countries

Angola is, for the month of October, with a quota of 1.52 million barrels/day, the sixth largest of a total of 10 member countries and the ninth if considering the targets set for a group of 20 OPEC producers and not -Opec, a group called OPEC+, which is led by Russia and Saudi Arabia. According to yesterday’s announcement by the Organization of Petroleum Exporting Countries (OPEC), in view of the current fundamentals of the oil

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Economy

Sonangol sells 25% stake in Banco Caixa Geral Angola

The 25 percent of the share capital held by Sonangol in Banco Caixa Geral Angola (BCGA) is up for auction, with the public offering period for the sale of shares runs from 5 to 16 September, on the Angola Debt and Securities Exchange (BODIVA) , whose supervision is being carried out by the Capital Markets Commission. To that end, Banco Caixa Geral Angola and the Instituto de Gestão e Participações do Estado (IGAPE) made official

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Economy Energy Gas Mining Oil Petroleum

Brent oil for November delivery drops to $92.83

The price of a barrel of Brent oil, which serves as a reference for Angolan exports, for delivery in November ended this Tuesday on the London futures market down 3.04%, to US$92.83. Fears of a decrease in demand for oil, following a global economic slowdown, weighed on Brent trading. This scenario offset the upward momentum registered on Monday and motivated by the decision of the Organization of Petroleum Producing Countries (OPEC), led by Saudi Arabia

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