You are Here

Category: International

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

Loading

Read More Here

International Renewable Energy

Maduro: Venezuela Is Ready To Send Its Oil To The World

Earlier this year there were high hopes around the U.S. lifting its sanctions on Venezuela in the face of oil shortages and rising prices, due to the Russian invasion of Ukraine, allowing black gold to once again flow out of the South American oil giant. But this has not yet come to fruition. While some allowances were made for oil trade, Venezuela’s statement to the world is clear – it is ready to pump and

Loading

Read More Here

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

Loading

Read More Here

Economy Energy Gas International Oil

Oil Prices Are About To Reverse Course

“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

Loading

Read More Here

Economy Energy International Oil Petroleum Renewable Energy

Italian Eni has vowed to fully replace Russian gas by 2025 thanks to major developing LNG projects from Africa to the Middle East and major discoveries in the Eastern Mediterranean. 

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

Loading

Read More Here

Economy Gas International Petroleum Renewable Energy

Oil Prices Under Pressure

December WTI crude oil futures are edging higher late Thursday, but struggling to turn higher for the week. The price action has been volatile throughout the week especially today when traders were asked to deal with an aggressive Federal Reserve rate hike from the previous day, a wicked trade in the U.S. Dollar due to a Bank of Japan intervention, and a smaller than expected rate hike by the Bank of England. When the dust

Loading

Read More Here

Energy International Oil Petroleum Renewable Energy

Avedia Gas Joins African Energy Week (AEW) 2022 as Bronze Sponsor

The LPG market specialist is set to make a strong play for natural gas investment and development during African Energy Week 2022 Representing the cleanest fossil fuel as well as the most widely available in Africa – the continent boasts over 620 trillion cubic feet (tcf) of proven gas reserves, with new exploration campaigns set to increase this figure two-fold – monetizing and utilizing gas will enable Africa to make energy poverty history by 2030.

Loading

Read More Here

Economy Energy Gold International Renewable Energy

Republic of Congo’s National Oil Company (NOC) to Participate at African Energy Week 2022 as a Diamond Sponsor

The African Energy Chamber is proud to announce that the Republic of Congo’s National Oil Company will participate at African Energy Week in October 2022 in Cape Town as a diamond sponsor The National Oil Company (NOC) of the Republic of the Congo, SNPC, will be coming to Cape Town to attend and participate as this year’s edition of the African Energy Week (AEW) (https://www.AECWeek.com/) conference and exhibition – Africa’s premier event for the oil and gas

Loading

Read More Here

Economy Energy International Oil Petroleum Renewable Energy

Honorable Rufin Benam Beltoungou of Central African Republic to Attend Africa Oil Week 2022

Strongest presence of Ministers and Government officials – only at Africa Oil Week Africa Oil Week (www.Africa-OilWeek.com) is proud to announce Hon. Rufin Benam Beltoungou is set to attend Africa Oil Week. The Minister of Mines & Geology for the Central African Republic is attending the leading Oil and Gas event – held in heart of Cape Town. Organised by Hyve Group Plc., Africa Oil Week is the Home of the African Upstream, and this

Loading

Read More Here

Energy Gas International

BW Energy to Discuss Kudu Gas at Invest in Namibia Forum at African Energy Week (AEW) 2022

The African Energy Chamber is proud to announce that BW Energy will participate at African Energy Week 2022 as a cocktail sponsor for the Invest in Namibia side event Representing one of Africa’s emerging international independents fast-tracking project developments, Norway-based multinational oil and gas exploration company BW Energy, will attend and participate at this year’s edition of the African Energy Week (AEW) (www.AECWeek.com) conference and exhibition, which will take place from October 18 – 21

Loading

Read More Here

1 … 121 122 123 124 125 … 129