You are Here

Category: Petroleum

Economy Gas Local News Oil Petroleum Renewable Energy

Pumangol to launch new Fuel stations

The executive president of the distributor of fuels and other oil derivatives Pumangol, Ivanilson Machado, declared that, despite the current circumstances of difficult balancing of the economic balance due to the difficulties inherent in subsidizing fuel prices, due to the delay in liberalizing prices, the company remains committed to developing its sustained growth strategy. Evanilson Machado made these statements on the sidelines of the inauguration of the company’s 80th filling station, in Luanda, at the

Loading

Read More Here

Energy Oil Petroleum

Sonangol considered a credible partner for investors

Sonangol is seen as a reliable investment and growth partner in the energy sector, for investors looking to exploit the enormous opportunities in Angola, said company director Osvaldo Inácio, at the African Energy Week, in Cape Town, South Africa. A note released yesterday by the press service of the event cites the administrator in a presentation of a topic devoted to investment opportunities in the Angolan oil and gas industry, highlighting Sonangol as a “reliable

Loading

Read More Here

Economy Energy Gas Oil Petroleum

Government strategy is aligned with OPEC+ efforts

Angola will continue to contribute to OPEC+’s efforts to ensure that “fair revenues” are obtained for producing countries and the continuous supply of crude oil to consumers. In a statement, the Ministry of Mineral Resources, Oil and Gas indicates that Angola as a signatory to the Declaration of Cooperation signed in December 2016, between OPEC member countries and non-OPEC crude oil producers (OPEC+), in a total of 23 countries, constituted a historic milestone in the

Loading

Read More Here

Economy Energy Gold Oil Petroleum Renewable Energy

OPEC+ reduces oil production by two million barrels/day

OPEC Member Countries and Non-OPEC Crude Oil Producers (OPEC+) decided to reduce oil production by two million barrels per day, considering that the measure had “a positive impact on the market, as it allowed to counter the decline market prices”. In a statement to the press on the latest production readjustment sent, this Wednesday, to Jornal de Angola Online by the Ministry of Mineral Resources, Oil and Gas, it is read that in a period

Loading

Read More Here

Economy Energy Oil Petroleum

Natural gas exploration is a guarantee of diversification in Angola

Energy Capital & Power considered this Wednesday that natural gas will be essential for Angola to be able to diversify the economy beyond oil and also implement industries that are not dependent on raw materials. “Natural gas has the potential to guarantee Angola’s transition beyond its dependence on crude oil, towards the establishment of diversified industries and not based on raw materials”, wrote the analyst at the consultancy Energy Capital & Power, Grace Goodrich, about

Loading

Read More Here

Energy Gas Oil Petroleum

Oil Prices Slide As Traders Take Profits

After OPEC+ announced production cuts of about a million barrels daily last week, oil prices jumped, only to ease earlier today as traders took profits. The nominal size of the OPEC+ production cut was set at 2 million barrels daily but the actual cuts were agreed at between 1 million bpd and 1.1 million bpd, according to Saudi energy minister Abdulaziz bin Salman. The decision signaled even tighter physical oil markets ahead, pushing oil prices higher, although

Loading

Read More Here

Economy Energy Gas Oil Petroleum Renewable Energy

PetroAngola starts voting process for the best companies in the Oil & Gas sector

PetroAngola has started the public voting process to determine the winners of the 2022 edition of the Angola Oil & Gas Awards. Around 100 companies operating in the Angolan oil and gas industry are eligible for this edition, from operating companies, companies providing goods, services and professionals in the sector. The award will be based on the companies’ operational and commercial performance, quality and service delivery capacity, and the contributions made to this important sector

Loading

Read More Here

Energy Gas Oil Petroleum

Sonangol signs agreement to create a logistics base in Namibia

Sonangol, the National Petroleum Corporation of Namibia (NAMCOR) and the Namibiam Ports Authority (NAMPORT) signed, this Sunday, a memorandum of understanding for the development of an integrated logistics base to support the oil and gas industry in Namibia, similar to the Sonils base. According to a press release from the Angolan oil company sent today to Jornal de Angola, the “structuring project of strategic importance” was signed by the chairman of the Board of Directors

Loading

Read More Here

Energy Gas Petroleum

National Petroleum Authority Chief Executive to Drive African Energy Week (AEW) 2022 Dialogue Around Downstream Optimization

Dr. Mustapha Abdul-Hamid, Chief Executive of the National Petroleum Authority of Ghana, will be discussing trends across the country’s downstream sector at AEW 2022 The African Energy Chamber (AEC), the voice of the African energy sector, is proud to announce the attendance and participation of Dr. Mustapha Abdul-Hamid, Chief Executive at Ghana’s National Petroleum Authority (NPA), at the African Energy Week (AEW) (https://AECWeek.com/) conference and exhibition, which will take place from 18 – 21 October

Loading

Read More Here

Diamonds Oil Petroleum Renewable Energy

Pumangol Joins Angola Oil & Gas (AOG) 2022 as Bronze Sponsor

The leading fuel retailer will participate as a Bronze Sponsor of Angola Oil & Gas 2022, as the country spearheads the progressive expansion and liberalization of its downstream sector Energy Capital & Power (ECP) (EnergyCapitalPower.com) is honored to announce Pumangol – Angola’s leading fuel retailer – as a Bronze Sponsor of the upcoming Angola Oil & Gas (AOG) (https://bit.ly/3UyBCpP) 2022 Conference & Exhibition, taking place on November 29 – December 1 in Luanda. We are

Loading

Read More Here

1 … 34 35 36 37 38 … 41