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Category: Gas

Energy Gas Renewable Energy

Exxonmobil promises the country a share of global investment of USD 15 billion

The North American company Exxonmobil uses, until 2027, a part of its investment portfolio estimated at US$15 billion, in the implementation, in Angola, of projects in the areas of capture and storage of carbon dioxide, production of hydrogen and biofuels, within the scope of the United Nations 2030 agenda, to achieve the Sustainable Development Goals (SDGs). The information was provided by Exxonmobil’s Director of Public and Government Relations for Angola, Armando Afonso, during a presentation

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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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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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Renewable Energy Economy Energy Gas

Exploration and Development of Natural Hydrogen in the Inner Basin of the Congolese Basin

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

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Economy Energy Gas Oil Renewable Energy

Hawilti to Moderate Highly-Anticipated Prospects Forum at Africa Oil Week (AOW) 2022

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

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Economy Energy Gas Mining Renewable Energy

Green hydrogen, fuel cells important part of any future energy system, says global strategist

Green hydrogen and fuel cells will be a very important part of any future energy system, says Switzerland-based energy and sustainability consultancy strategist Dr David Hart. Among the electrolysers that convert renewable electricity into green hydrogen are proton exchange membrane (PEM) electrolysers, with PEM fuel cells then converting the green hydrogen back into green electricity for mobility and stationary power. Both technologies are reliant on platinum group metals (PGMs), which are sourced overwhelmingly from South Africa.Hart, who was speaking to Engineering News & Mining Weekly in a Zoom interview,

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Economy Energy Gas International Oil Petroleum Renewable Energy

Invictus Energy starts drilling first exploration well in Zimbabwe

HARARE- Australian-listed Invictus Energy has started drilling one of two exploration wells for oil and gas in the northern part of Zimbabwe, the company said on Monday. The 3.5-km deep well, situated in the Muzarabani-Mbire area, is part of the Cabora Bassa project in Zimbabwe, which is 80% owned and operated by Invictus through its interest in Geo Associates. Invictus said in a statement that the drilling of the first well, Mukuyu-1, began on Friday and will last between 50 and 60 days. Mukuyu, which will cost

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Economy Energy Gas International Oil

Oil Price Cap On Russian Crude Could Cause Tanker Shortage

With the EU embargo on imports of Russian oil starting in December, Russia will have to find new homes for around 2.4 million barrels per day (bpd) of its crude and refined product exports, which will be banned from entering EU and G7 countries unless the oil is sold at or below a certain price the buyers expect to set.   Even if the price cap mechanism fails to work for the West, as many analysts expect, and

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Economy Energy Gas Oil Petroleum

Oil Prices Could Be Set For Another Sharp Rise

It’s been a rough couple of weeks in the energy market. As potential energy company investors, we are not sorry to see the back of last week in particular. That’s the understatement of the year. Pretty near every negative sentiment-Recession, Fed tightening, Dollar strength, China demand, Inventory builds, or what amounts to the entire oil price Closet of Anxieties, came to pass this week. Oil-WTI took a tumble below $80 for the first time since Jan 11th

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