Construction of the Total Energies gas liquefaction plant in Cabo Delgado, Mozambique, will resume in July. According to the executive director of Saipem (Italian engineering company Saipem), Alessandro Puliti, quoted by the specialized portal for the oil sector Upstream, the restart of the project will be done gradually from July this year. Alessandro Puliti was speaking during an internet intervention (“webcast”) held last week to present the results for the fourth quarter of 2022 to
The National Petroleum, Gas and Biofuels Agency (ANPG) and Cabinda Gulf Oil Company Limited (CABGOC), a subsidiary of Chevron, announced this Monday 6th March the start of oil production at the Lifua-A project, forecast to produce 6,500 barrels. per day. According to an ANPG press release, the Lifua-A platform, in Block 0, is interconnected with existing facilities in the Takula area and is expected to produce a total of 6,500 barrels of oil per day
The price of a barrel of Brent oil, which serves as a reference for Angolan exports, for delivery in May ended yesterday 6th March, on the London futures market up 0.41%, to US$86.20. Brent prices regained ground in the latter part of the session, after falling earlier in the day, in reaction to the release of worse-than-expected economic forecasts for China. However, global tensions related to the supply of oil plus the expectation and improvement
Vivo Energy, a major pan-African retailer and distributor of fuels and lubricants, and Engen, which boasts around 1,300 service stations across the continent, have combined their respective African businesses to create one of the largest energy distribution companies in Africa The new group will have more than 3,900 service stations and more than two billion litres of storage capacity across 27 African countries. Petronas will sell its 74% shareholding in Engen to Vivo Energy at completion,
The Energy and Water Utilities Regulatory Authority (EWURA) has granted the Construction Approval to the East African Crude Oil Pipeline (EACOP) Ltd to construct the East African Crude Oil Pipeline which will run from Tanga, Tanzania, to Hoima, Uganda Minister for Energy, Hon. January Makamba was present at the handover event, with regional commissioners from eight of the regions where the pipeline will pass through, members of the Parliamentary Energy Committee, members of EWURA Board and Management
Aircraft refueling on Angolan soil is cheaper this March, compared to February, according to the table published by the Regulatory Institute for Petroleum Derivatives (IRDP) of the Ministry of Mineral Resources, Oil and Gas. The reduction was an average of 10 kwanzas for each reference litre, but which represents, overall, a significant saving for operators. According to the same IRDP table, for this month of March, the Adjustment Reference Price – Platts (PRA) is now
The Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, heard the chairman of the Board of Directors (PCA) of the National Oil and Gas Agency (ANPG), Paulino Jerónimo, and the vice-president of Total Energies for Upstream, Nicolas Terraz. As JA learned, the meeting dealt with the development of the Cameya and Golfinho fields and blocks 20 and 21 of the Kwanza Basin. Leaving the meeting, Paulino Jerónimo said that efforts were being made to
The president of the Brazilian oil company, Jean Paul Prates, said that one of the company’s priorities during Lula da Silva’s government will be the development of offshore wind farms. Prates, in the first press conference he gave after assuming the helm of the largest Brazilian state-owned company, explained that, although Petrobras is not going to abandon its main assets or the exploration of hydrocarbons, it will focus on renewable energies to start a process
The Mozambican Association of Fuel Companies (AMEPETROL) calls the situation in the sector “dramatic”, complaining that it is buying fuels at elevated prices, but without prices at filling stations being updated. “We have absolute faith that the Government understands our situation, that it is supportive and will find mechanisms to ensure that companies continue to operate normally,” the association’s president, Michel Ussene, told Lusa. Ussene was reiterating warnings AMEPETROL has voiced since the beginning of
The price of fuel suffered an average reduction of 1.5 percent of the amount paid in the purchase of petroleum derivatives, found a safe source. This reduction stems from the update of the maximum fuel prices in Cape Verde to be in force during the current month of March, carried out by the Multisectoral Regulatory Agency for the Economy (ARME). The phenomenon takes place after the average price of fuel fell 7 percent in December
