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Angola, The Destination of Choice for Investors

AOG 2022 International Conference Director Miguel Artacho shares insight into the outcomes of the 2022 conference, what delegates can expect from this year’s edition and why Angola represents the destination of choice for investors in 2023 and beyond The Angola Oil & Gas (AOG) conference and exhibition represents the country’s premier event for the oil and gas industry. International Conference Director for the 2022 edition of the conference, Miguel Artacho, provides insight into AOG 2022, what

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Energy Gas International News Oil Petroleum

Ghana’s Petroleum Commission Chief Executive Officer (CEO) to Speak at Invest in African Energy Dubai Reception

The African Energy Chamber (AEC), the voice of Africa’s energy sector, has announced that Egbert Faibille, CEO of the Petroleum Commission of Ghana, will speak at the Invest in African Energy Reception in Dubai on March 30, an event hosted with the aim of providing investors from the United Arab Emirates (UAE) an opportunity to connect with African executives and explore new partnership possibilities. Faibille will accompany Hon. Matthew Opoku Prempeh, Ghana’s Minister of Energy,

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Economy Gas International News Oil

African Oil & Gas Remains an Excellent Opportunity for Investments

The African Energy Chamber is countering yet another argument in the onslaught of calls for Africa to give up oil and gas production. This time, it’s the idea that oil and gas projects in our continent are worse for the climate than those in other regions of the world. The argument was a major point in a June 2022 article by global management consulting firm McKinsey. In “The future of African oil and gas: Positioning

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Economy Oil

Oil supply will far exceed Demand in the 1st half

Global oil supply will far exceed demand for at least the first half of the year, says the International Energy Agency (IEA). In the monthly report on the oil market published this Today 15th March, the IEA recognizes that in the second half of the year the increase in consumption will be a challenge, especially due to the uncertainty about Russian oil, and points out that world demand will accelerate as the year progresses, with

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Economy Local Oil

Angola registers “stabilization” in Oil production

Angola has registered a “certain stabilization” in oil production since 2021, the result of actions and agreements that it has been establishing in this field, “it has all the instruments to exonerate the decline” and does not fear “negative” international projections, he said this yesterday 14th March, the chairman of the Board of Directors of the National Petroleum, Gas and Biofuels Agency (ANPG), Paulino Jerónimo. “There is indeed this international concern about the decline in

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Economy Energy Gas Oil

TotalEnergies Dedicated to Meeting Africa’s Energy Demand

As the world shifts towards a net-zero carbon future, International Oil Companies (IOCs) are faced with the challenge of aligning their operations with global sustainability goals. The pathway to achieving a net-zero economy requires IOCs to explore new technologies, invest in renewable energy sources and adopt more sustainable practices throughout their operations. By embracing this energy transition, IOCs can contribute to a cleaner and more sustainable future for all. Speaking at the 2023 edition of the African

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Economy Gas Local News Oil Petroleum Renewable Energy

Pumangol to launch new Fuel stations

The executive president of the distributor of fuels and other oil derivatives Pumangol, Ivanilson Machado, declared that, despite the current circumstances of difficult balancing of the economic balance due to the difficulties inherent in subsidizing fuel prices, due to the delay in liberalizing prices, the company remains committed to developing its sustained growth strategy. Evanilson Machado made these statements on the sidelines of the inauguration of the company’s 80th filling station, in Luanda, at the

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Economy Gas Local News Oil

Economic Diversification creates exciting Openings

Heavily dependent on oil revenues and investment, Angola is opening up its economy like never before as it pursues opportunities in sectors such as agriculture, fisheries, industry and financial services with the help of established foreign partners, including Japan. The Angolan economy is opening up to investors like never before, with the recent acceleration of its drive to diversify and attract the interest of foreign companies active in a wide range of industries and sectors. 

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Economy Local News Oil

Oil Demand Expected to reach historic High in 2024

Demand for oil is expected to reach an all-time high in 2024, and is expected to decline thereafter, bringing prices down by almost 20% in 2050, compared to current levels, according to an analysis by Crédito y Caución, released today, 14th March. “In the reference scenario of the long-term credit insurer, which assumes that the various energy commitments already announced by the different countries and governments will be fulfilled, the demand for oil will reach

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Economy Local News Oil

Oil refining Capacity in Angola to Double by 2025

The consultant Fitch Solutions considered, Monday, that the oil refining capacity in Angola will more than double, going from the current 100 thousand barrels of oil per day, to almost 250 thousand in 2025. The oil refining segment in Angola will expand rapidly until the middle of this decade, fueled by the Cabinda refinery and the Soyo project”, writes Fitch Solutions. The consultant points out that this growth in refining capacity “results from the Angolan

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