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Category: Oil

Energy Gas News Oil

CV&A Joins Angola Oil and Gas 2023 as Strategic Partner

Energy Capital and Power (ECP), the leading investment platform for the African energy sector, is proud to announce its strategic partnership with CV&A Consultores em Comunicação (CV&A) for the highly anticipated Angola Oil and Gas (AOG) conference and exhibition – taking place in Luanda this year from September 13-14.  Under the theme, ‘Angola Oil & Gas: Energy Security, Decarbonization and Sustainable Development’, AOG 2023, organized by ECP, brings together global industry leaders, government representatives, investors and key

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Economy International News Oil

Uganda Invites Investors to Finance Oil Refinery

The government of Uganda, through the Ministry of Energy and Mineral Development, has announced that it is seeking investment partners to advance the development of a 60,000 barrel-per-day oil refinery. In a press statement, the ministry stated that it has reached several milestones regarding the implementation of the refinery and now seeks financing to progress further. Specifically, the Ministry is turning to public sector capital providers to accelerate the implementation of the downstream project. “The key achievements

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Economy Local News Oil

Brent crude for September delivery down 1.07% to $77.69

The price of a barrel of Brent oil, which serves as a reference for Angolan exports, for delivery in September ended, Monday, on the London futures market down 1.07%, to US$77.69. File Despite the rise registered in the price, in coincidence with the closure of the European stock exchanges, which would have allowed it to close higher, Brent could not withstand the gains and returned to last week’s levels, with the exception of Friday the

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Economy Local News Oil

Oil: Prices ease with data from China and the US

Brent crude futures were down $0.40, or 0.5%, to $78.07 a barrel at 1005 GMT and West Texas Intermediate crude was also down $0.40, or 0.5%, to 73. .46 dollars per barrel. “Oil investors should be cautious ahead of the US CPI and China economic data series later this week,” CMC Markets analyst Tina Teng said of inflation data due to be released next Wednesday. Friday’s data pointed to the lowest job gains in two

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Economy International News Oil

South Sudan Oil & Power 2024 Summit Launches in Vienna: Country Opens Doors to Investors

The South Sudan Oil & Power (SSOP) 2024 show was officially launched by South Sudan’s Ministry of Petroleum and organizer Energy Capital & Power. As a member of OPEC+, South Sudan is positioning itself as a player in the international petroleum sector and is becoming an attractive destination for onshore oil and gas investment. SSOP 2024 is scheduled to take place in Juba from June 25-28, 2024. During the OPEC 8th International Seminar in Vienna,

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Gas International News Oil

Equatorial Guinea’s Minister of Mines and Hydrocarbons to Deliver Keynote Speech at AOG 2023

Equatorial Guinea’s Minister of Mines and Hydrocarbons, H.E. Antonio Oburu Ondo, will be delivering a keynote speech at the Angola Oil & Gas (AOG) conference in Luanda from September 13-14, 2023. H.E. Minister Ondo, who is also the current President of the Organization of Petroleum Exporting Countries (OPEC), brings a wealth of experience to the conference, having previously served as the Managing Director of Equatorial Guinea’s National Oil Company (NOC) GEPetrol. His participation at the

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Local News Oil

Brent barrel at $78.31 dollars

The price of a Brent barrel for delivery in September closed at $78.31 dollars yesterday in London, after closing at $76.52 dollars the previous day. Oil also closed higher, with WTI advancing over 2.0 percent in the return of electronic trading during the U.S. holiday on Tuesday, the 4th. Investors followed news about the seminar of the Organization of the Petroleum Exporting Countries and allies (OPEC+), in which the cartel reaffirmed its commitment to support

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Gas International Oil Petroleum

Ghana Oil and Gas Outlook 2023-2027

Driven by a surge in market conditions, Ghana is expected to commence 17 oil and gas projects during the outlook period 2023-2027. The West African country’s upstream sector will see the development of three offshore fields, while its midstream landscape currently has nine projects in development, with the downstream sector involving the development of two refineries and three petrochemical processing facilities. A Surge in Upstream Investments As one of Africa’s fastest-growing hydrocarbons producers, offshore field

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Gas Local News Oil Petroleum

Angola presents strategy for the oil industry

The Minister of Mineral Resources, Oil and Gas presents today July 6th, in Vienna, Austria, the Executive’s strategic plan for the development of the oil industry and the energy transition in the country. Diamantino Azevedo   presents this plan during a Ministerial session on the paths to energy transition, as part of the program of the 8th OPEC International Seminar, which takes place under the motto “A smooth and inclusive energy transition”, which brings together delegations from

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Gas Local News Oil

Angola’s Oil Company to Produce Gas for Electricity Generation

The Angolan oil company ACREP will produce gas, from the 4th quarter of 2025, to generate electricity with the aim of supplying Cabinda province, revealed yesterday in Luanda, the director for Investor Relations, Pedro Sebastião. With this project, the second largest private oil company in Angola wants to contribute to increasing the supply of electricity levels in the northernmost region of the country, which is also known as the land of oil and wood. Interviewed

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