“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
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
Operating in 20 countries across Africa, DLA Piper is poised to serve as a bronze sponsor at AEW 2022 The African Energy Week (AEW) (www.AECWeek.com) 2022 interactive conference and networking event, Africa’s premier event for the oil and gas sector taking place from 18-21 October in Cape Town, will feature the participation of global law firm, DLA Piper, as a bronze sponsor, demonstrating the legal entity’s commitment to sustainability as well as initiatives being undertaken
Russian oil flows are increasingly moving in an eastern direction, while fuels produced in the East will move in a western direction, Vitol’s chief executive Russell Hardy said at an industry event. “It’s going to go further and longer distances and find different markets, and in doing that it’s going to have to trade at a discount,” Hardy said of Russian oil, as quoted by Reuters. “You’re beginning to see that with fuel coming east that would
Serving as one of the largest contributors to Angolan oil production, Norway’s Equinor will participate at AOG 2022 as a silver sponsor Having served as one of the largest contributors to oil production in Angola since 1991, international energy company, Equinor (https://bit.ly/3dGyc3A), will participate at the Angola Oil & Gas (AOG) 2022 Conference and Exhibition (https://bit.ly/3RmlSn6) as a Silver Sponsor, demonstrating the company’s commitment towards the southern African country and its burgeoning hydrocarbons industry. A
The African Energy Chamber and EnerGeo Alliance played host to the President of the Republic of Niger, H.E. Mohamed Bazoum, at an oil and gas investment summit in Houston, featuring U.S.-based energy executives Building on years of increased engagement between Africa and the U.S., The African Energy Chamber (AEC) (www.EnergyChamber.org) and EnerGeo Alliance, the global trade alliance for the energy geoscience industry hosted the President of the Republic of Niger, H.E. Mohamed Bazoum, for an
Angola’s largest telecommunications company Unitel will participate at the country’s premier event for the energy sector, Angola Oil & Gas conference, as a gold sponsor Energy Capital & Power (ECP) (https://EnergyCapitalPower.com/), Africa’s leading investment platform for the energy sector, is proud to announce that private Angolan telecommunications company Unitel will attend and participate as a gold sponsor at this year’s edition of the Angola Oil & Gas (AOG) conference and exhibition (https://bit.ly/3dJMGQ8), which will be
Under the theme, Promoting an Inclusive, Attractive and Innovative Oil and Gas Industry in Angola, Angola Oil & Gas 2022 will take place on 29-30 November and 1 December in Luanda Returning to Luanda for its third edition under the auspices of the the Minister of Mineral Resources, Oil and Gas, H.E. Diamanto Pedro Azevedo, and in partnership with the National Oil, Gas and Biofuels Agency (ANPG) (https://bit.ly/3SvnWKn) , AIDAC and the African Energy Chamber
