Africa’s natural gas export infrastructure has the potential to be re-purposed to transport hydrogen across Africa and to Europe The abundance of renewable resources that Africa possesses along with a developed renewable energy sector where renewable power can be produced at low cost – a key ingredient for generating low-cost green hydrogen – gives Africa a clear competitive edge as a clean hydrogen hub. Africa is also geographically well placed to serve both European and
Strongest presence of Ministers and Government officials attending Africa Oil Week Africa Oil Week (www.Africa-OilWeek.com) is honoured to welcome the National Chairperson of the African National Congress, Mr. Samson Gwede Mantashe, to Africa Oil Week 2022. Mr. Mantashe, the South African Minister of Mineral and Energy Resources, is attending the leading Oil and Gas event in Cape Town, South Africa held by Hyve Group Plc. This unmissable event, home of the African Upstream, is set
Slowing economies and interest rate hikes are set to keep investors and traders off risk assets such as crude oil, which could mean that oil prices may not exceed $100 per barrel again this year, according to one of the world’s largest commodities traders, Trafigura. “Given the macro headwinds, I think generally prices will struggle … despite imminent sanctions,” Saad Rahim, Chief Economist for Trafigura, told Reuters on the sidelines of APPEC petroleum conference in Singapore.
“That would be the road to hell for America,” JP Morgan’s CEO Jamie Dimon said last week, referring to a suggestion that all big banks divest from the oil and gas industry. In the same week, Aramco’s chief executive warned that years of underinvestment in new oil production are beginning to bear fruit, which is an undersupplied market. Despite these statements that suggested oil prices should move higher, oil fell for much of the week. Yet it
Eni’s Chief Operating Officer Guido Brusco told attendees of the Gastech conference in Milan on Tuesday evening that the Italian energy giant “plans to fully replace Russian gas by 2025 helped by east med fields”. At the same time, deputy COO Cristian Signoretto told the conference that Eni would also invest nearly $4.5 billion every year for the next three years in upstream activities in several venues, including Qatar, Congo, Egypt, and Algeria. “We are fully
The surge in LNG prices has caused the international market for the fuel to concentrate in the hands of several large players, with a multitude of small LNG traders getting squeezed out. Reuters noted in a report today that the physical LNG market had swelled twofold since 2011, which has led to the increase in the numbers of LNG traders, especially small ones. These small traders, according to the report, accounted for a fifth of China’s imports
Sonangol has officially been confirmed as a Diamond Sponsor at this year’s upcoming Angola Oil & Gas 2022 Conference and Exhibition Energy Capital & Power (https://EnergyCapitalPower.com) is proud to announce that Angola’s National Oil Company (NOC), Sonangol (www.Sonangol.co.ao), has been confirmed to participate at the Angola Oil & Gas (AOG) 2022 Conference and Exhibition (https://bit.ly/3Cdj47i) taking place on 29-30 November and 1 December in Luanda – as a Diamond Sponsor. Angola’s impressive energy developments continue
Operating in 20 countries across Africa, DLA Piper is poised to serve as a bronze sponsor at AEW 2022 The African Energy Week (AEW) (www.AECWeek.com) 2022 interactive conference and networking event, Africa’s premier event for the oil and gas sector taking place from 18-21 October in Cape Town, will feature the participation of global law firm, DLA Piper, as a bronze sponsor, demonstrating the legal entity’s commitment to sustainability as well as initiatives being undertaken
Russian oil flows are increasingly moving in an eastern direction, while fuels produced in the East will move in a western direction, Vitol’s chief executive Russell Hardy said at an industry event. “It’s going to go further and longer distances and find different markets, and in doing that it’s going to have to trade at a discount,” Hardy said of Russian oil, as quoted by Reuters. “You’re beginning to see that with fuel coming east that would
Serving as one of the largest contributors to Angolan oil production, Norway’s Equinor will participate at AOG 2022 as a silver sponsor Having served as one of the largest contributors to oil production in Angola since 1991, international energy company, Equinor (https://bit.ly/3dGyc3A), will participate at the Angola Oil & Gas (AOG) 2022 Conference and Exhibition (https://bit.ly/3RmlSn6) as a Silver Sponsor, demonstrating the company’s commitment towards the southern African country and its burgeoning hydrocarbons industry. A
