Representing the voice of the African energy sector, the African Energy Chamber supports HRH Prince Abdulaziz bin Salman, Minister of Energy of Saudi Arabia, in his call for oil and gas market stability The current global oil and gas market is in a state of flux, with price volatility, demand fluctuations and thin liquidity causing unprecedented impacts on the entire energy value chain. At the same time, a number of producing markets in Africa are
Representing a long-term strategic partner for South Sudan, the South African delegation will pave the way for new bilateral partnerships between the two nations, and South African energy stakeholders are urged to capitalize on the opportunities the conference presents Energy Capital & Power (ECP) (https://EnergyCapitalPower.com) is proud to announce that H.E. Gwede Mantashe, South Africa’s Minister of Mineral Resources and Energy, will lead a South African delegation to South Sudan Oil & Power 2022 (https://bit.ly/3cvK8EY)
H.E. Sophie Gladima, Minister of Petroleum and Energies for the Republic of Senegal announced that MSGBC Oil, Gas & Power 2023 will take place in Mauritania next year and gave the final remarks for MSGBC 2022, thanking her fellow Ministers and the assembled delegates for their attendance, insight and inputs in developments over the course of the two-day event, West Africa’s foremost energy forum On the final day of the MSGBC Oil, Gas & Power
Oil production in Angola in July surpassed Nigeria for the third consecutive month, with the country producing 1.180 million barrels a day, against 1.084 in the largest economy in sub-Saharan Africa. According to the monthly report of the Organization of Petroleum Exporting Countries (OPEC), Angola has been increasing production slightly since the beginning of the year, rising from 1.123 million barrels a day in the last quarter of 2021 to 1.161 million in the first quarter
The Italian company Saipem won 3 important new service contracts for the New Gas Consortium (NGC) led by Azule Energy (Eni Angola & bp Angola), for the development of the Quiluma and Maboqueiro gas fields, located offshore Angola. The Italian player was awarded 1 onshore contract and 2 offshore contracts, with a global value of around US$900 million, Saipem will be responsible for engineering, procurement and construction, as well as connection and commissioning assistance for
The New Gasoline Production Complex at the Luanda Refinery, recently opened by Sonangol, reached a maximum capacity of 1,580,000 liters of gasoline/day, against the previous 395,000 liters, under safe conditions. According to the coordinator of the project to increase the complex’s gasoline production capacity, João Mayer, reaffirms that with the complex being fully operational, it will reduce expenses with annual fuel imports by 15 percent and will save 300 million euros. of dollars a year,
Alfort Petroleum expects to contribute a 10 percent contribution to the increase in Angola’s oil production, estimated at 1.2 million barrels of oil/day, a strategy adopted after the company recently won the contract for the block 8, in the onshore Cuanza Basin. Speaking to Jornal de Angola, the director general of Alfort Petroleum, Carlos Pallete, said that the ambition of the Angolan oil company is to position itself among the major operators in the oil
The director general of Alfort Petroleum, Carlos Pallete, said in Luanda that the implementation of local content in the oil sector is important for the valorization of the national workforce. According to the director-general, local content is essential for the growth of local companies in the oil sector. “Local content is welcome. What we are going to do is contribute to its implementation, because we have a plan to recruit young interns at universities and train
Angola and the European Union are set to start talks for a trade deal this year after EU and African partners approved a request from the oil-producing nation to join a regional trade bloc, according to an EU document and an official. The green light to start negotiations came in late July, an EU document shows, shortly before the southern African country holds general elections next week. “We are now in a position to open
Last fall, I wrote (https://bit.ly/3zPqScP) about the importance of African governments doing everything they could to encourage international oil companies (IOCs) to continue operating in their countries. IOCs play an important role in supporting economic growth, job creation, capacity building, and knowledge sharing. Currently, two IOCs in particular — Azule Energy in Angola and Shell Petroleum Development Corporation of Nigeria (SPDC) — have tremendous promise to deliver those benefits on a long-term basis. Azule Energy,
