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Category: Oil

Economy Energy Gas Oil Renewable Energy

Hawilti to Moderate Highly-Anticipated Prospects Forum at Africa Oil Week (AOW) 2022

This year’s Prospects Forum will showcase a wide range of attractive farm-in and exploration opportunities in established and frontier markets Amidst a recent surge of exploratory drilling in Africa, Africa Oil Week (https://Africa-OilWeek.com) is organizing once again a Prospects Forum to offer a platform that will showcase some of the most attractive farm-in and exploration opportunities on the continent. The Prospects Forum will be moderated and animated by African investment and commodities research agency Hawilti

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Economy Energy International Oil Petroleum

Equinor ASA Titanium Sponsor Of Africa Oil Week

This unmissable event will take place in the heart of Cape Town, bringing together leading energy stakeholders from 3-7 October Africa Oil Week (AOW) (https://Africa-OilWeek.com) is proud to announce that Equinor ASA is Titanium sponsor of Africa Oil Week. The company will be represented at AOW – held in heart of Cape Town. Organised by Hyve Group Plc., this unmissable event will take place in the heart of Cape Town, bringing together leading energy stakeholders

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Energy Oil Petroleum Renewable Energy

NOV Joins as Gold Sponsor of Africa Oil Week

NOV Maintains its Commitment to AOW Africa Oil Week (AOW) (https://Africa-OilWeek.com) is proud to announce NOV’s continued commitment to Africa Oil Week as a Gold Sponsor. The company will be well-represented at AOW – held in the heart of Cape Town. Organised by Hyve Group Plc., this unmissable event will bring leading energy stakeholders together on the 3-7 October in Cape Town under the theme: Sustainable Growth in a Low Carbon World. NOV delivers safe, high-quality,

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Economy Energy Gas International Oil Petroleum Renewable Energy

Invictus Energy starts drilling first exploration well in Zimbabwe

HARARE- Australian-listed Invictus Energy has started drilling one of two exploration wells for oil and gas in the northern part of Zimbabwe, the company said on Monday. The 3.5-km deep well, situated in the Muzarabani-Mbire area, is part of the Cabora Bassa project in Zimbabwe, which is 80% owned and operated by Invictus through its interest in Geo Associates. Invictus said in a statement that the drilling of the first well, Mukuyu-1, began on Friday and will last between 50 and 60 days. Mukuyu, which will cost

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Economy Energy Gas International Oil

Oil Price Cap On Russian Crude Could Cause Tanker Shortage

With the EU embargo on imports of Russian oil starting in December, Russia will have to find new homes for around 2.4 million barrels per day (bpd) of its crude and refined product exports, which will be banned from entering EU and G7 countries unless the oil is sold at or below a certain price the buyers expect to set.   Even if the price cap mechanism fails to work for the West, as many analysts expect, and

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Economy Energy Gas Oil Petroleum

Oil Prices Could Be Set For Another Sharp Rise

It’s been a rough couple of weeks in the energy market. As potential energy company investors, we are not sorry to see the back of last week in particular. That’s the understatement of the year. Pretty near every negative sentiment-Recession, Fed tightening, Dollar strength, China demand, Inventory builds, or what amounts to the entire oil price Closet of Anxieties, came to pass this week. Oil-WTI took a tumble below $80 for the first time since Jan 11th

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Economy Energy Oil Petroleum Renewable Energy

U.S. Gulf Of Mexico Can Help Fill Global Oil Supply Gap

One of the world’s most mature deepwater basins, the U.S. Gulf of Mexico, has a lot of production life left and could help bridge the oil supply gap that is widening with the maturing of many currently producing assets globally. The basin now pumping 15% of U.S. crude has the potential to deliver another up to 2 million barrels per day (bpd) of the new supply sources needed by 2040, McKinsey & Company said in

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Economy Energy Gas Oil Petroleum Renewable Energy

OPEC Crude Oil Exports Trend Lower In September

Crude oil exports from all OPEC oil producers were down in the first 25 days of September compared to the full month of August, according to data from Petro-Logistics cited by commodity analyst Giovanni Staunovo on Wednesday.   Between September 1 and 25, OPEC’s crude oil exports averaged 21.648 million barrels per day (bpd), which was 166,000 bpd lower than the average OPEC crude oil exports for the full month of August. Crude oil exports out of

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Energy Oil Petroleum Renewable Energy

TotalEnergies To Spin Off Canadian Oil Assets As It Prioritizes Climate Strategy

French TotalEnergies plans to spin off its oil sands business in Canada and list the new company on the stock exchange as it no longer fits with its strategy, which now has a focus on low-carbon energy, the company said at an investor presentation. “We are not the best shareholder of these assets because as we have a climate strategy, we don’t want to invest in these assets,” chief executive Patrick Pouyanne said, as quoted by Reuters. Pouyanne

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Energy Gas Oil Petroleum Renewable Energy

Angola and Brazil strengthen cooperation in the field of hydrocarbons

The National Agency of Petroleum, Gas and Biofuels (ANPG) signed, this Wednesday, with its counterpart in Brazil, the National Agency of Petroleum, Natural Gas and Biofuels (ANP), a cooperation agreement for regulation and inspection programs. exploration, development and production activities. According to a press release from the ANPG to which Jornal de Angola had access today, the signing took place during the Rio Oil & Gas Conference taking place in the city of Rio de

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