Golar LNG will be coming to Cape Town to shape high-level discussions around how Africa can improve infrastructure for gas production, processing and transportation as a bronze sponsor at AEW 2022 Liquefied natural gas (LNG) projects present a massive opportunity for Africa to exploit, trade and monetize its vast natural gas resources to address energy security and fuel economic growth. The African Energy Chamber (AEC), as the voice of the African energy sector, is committed
Africa’s leading oil and gas event sees the strongest presence of Ministers and Government officials Former Minister of State for Petroleum Resources, Dr Emmanuel Ibe Kachikwu of the Republic of Nigeria will be attending Africa Oil Week (www.Africa-OilWeek.com) 2022. The accomplished scholar, thought leader, and Exxon Mobil’s Nigerian general counsel is attending the leading Oil and Gas event, being held in Cape Town – the heart of South Africa. Organised by Hyve Group Plc., Africa
Africa’s vast hydrocarbon resources present an opportunity for the continent to secure its energy supply, improve energy access and drive socioeconomic development. With the continent’s oil and gas industry rapidly expanding owing to increases in energy demand across the continent and at globe scale, the role local energy companies play in driving energy developments continues to expand. Global chemicals and energy company Sasol will be returning to this year’s edition of the African Energy Week
Investments in oil and gas projects have decreased, and the sanctions have dampened interest in the country’s first licensing round Four years have passed since the U.S. imposed sanctions on South Sudan’s oil industry. The goal had been to prevent oil money from funding the civil war that had been raging since 2013. By curtailing the ability of businesses and organizations to provide revenue for the South Sudanese government, U.S. officials reasoned, they could pressure
The barrel of Brent oil, a reference for Angolan exports, for delivery in November, traded yesterday until close to market closing time, at US$85.3, falling for the first in the last six months to below US$90. At the start of the session, the price of a barrel of Brent oil was fixed at 92 dollars, but on Tuesday, deliveries for November closed, in the London futures market, down 3.04 percent, to 92 .83 dollars. Fears
The price of a barrel of Brent oil, which serves as a reference for Angolan exports, for delivery in November ended this Tuesday on the London futures market down 3.04%, to US$92.83. Fears of a decrease in demand for oil, following a global economic slowdown, weighed on Brent trading. This scenario offset the upward momentum registered on Monday and motivated by the decision of the Organization of Petroleum Producing Countries (OPEC), led by Saudi Arabia
Sonangol, a company that operates along the oil value chain, managed, last year, to maximize the gains resulting from the increase in the prices of crude oil and derivatives observed with the recovery from the effects of the Covid-19 pandemic, thanks to the adoption of a cost reduction policy, especially at the height of the Covid-19 pandemic, in 2020 and 2021. This statement was made by Sonangol EP’s Director of Planning, Edson Pongolola, in an
Brent, the reference oil for Angolan exports, fell by more than 5 percent this Tuesday, penalized by a new confinement in China and by growing fears of a global recession. At 3 pm, a barrel of North Sea Brent for delivery in October was down 5.05 percent to $99.78 and a barrel of North American WTI oil, for delivery in the same month, lost 4.84 percent to 92.31 dollars. On the supply side, concerns appear
The price of a barrel of Brent oil, which is used for Angolan exports, for delivery in October ended, this Tuesday, in the London futures market, down 5.49%, returning to a level below 100 dollars. This was the biggest drop in the price of Brent in the space of a month, after the sharp rise this Monday. For analysts, the price of oil has dropped because there is a perception that the unrest in Iraq
Report by the International Agency, Global WF, gives a positive note on the good management of funds from the national oil sector for the country’s economic development The Fundo Soberano e Desenvolvimento de Angola (FSDEA) scored 80 percent in the 2022 International Ranking on Governance, Sustainability and Resilience (GSR), above the index average of 49 percent, placing the fund among the top 15 , in an index composed of more than 160 sovereign wealth funds
