Italian Eni has vowed to fully replace Russian gas by 2025 thanks to major developing LNG projects from Africa to the Middle East and major discoveries in the Eastern Mediterranean. 

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

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Small Players Are Struggling To Survive In The Booming LNG Market

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

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Angolan National Oil Company (NOC), Sonangol, to Participate at Angola Oil and Gas 2022 as Diamond Sponsor

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

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DLA Piper Confirmed as Bronze Sponsor at African Energy Week 2022

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

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Oil Prices Under Pressure

December WTI crude oil futures are edging higher late Thursday, but struggling to turn higher for the week. The price action has been volatile throughout the week especially today when traders were asked to deal with an aggressive Federal Reserve rate hike from the previous day, a wicked trade in the U.S. Dollar due to a Bank of Japan intervention, and a smaller than expected rate hike by the Bank of England. When the dust

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Equinor Reaffirms Commitment to Angolan Exploration as Silver Sponsor at Angola Oil & Gas (AOG) 2022

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

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Oil and Gas investors engage with President Bazoum of Niger in Houston, Texas

The African Energy Chamber and EnerGeo Alliance played host to the President of the Republic of Niger, H.E. Mohamed Bazoum, at an oil and gas investment summit in Houston, featuring U.S.-based energy executives Building on years of increased engagement between Africa and the U.S., The African Energy Chamber (AEC) (www.EnergyChamber.org) and EnerGeo Alliance, the global trade alliance for the energy geoscience industry hosted the President of the Republic of Niger, H.E. Mohamed Bazoum, for an

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Unitel to Participate at Angola Oil & Gas as a Gold Sponsor

Angola’s largest telecommunications company Unitel will participate at the country’s premier event for the energy sector, Angola Oil & Gas conference, as a gold sponsor Energy Capital & Power (ECP) (https://EnergyCapitalPower.com/), Africa’s leading investment platform for the energy sector, is proud to announce that private Angolan telecommunications company Unitel will attend and participate as a gold sponsor at this year’s edition of the Angola Oil & Gas (AOG) conference and exhibition (https://bit.ly/3dJMGQ8), which will be

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Top 5 Reasons to Attend Angola Oil & Gas 2022

Under the theme, Promoting an Inclusive, Attractive and Innovative Oil and Gas Industry in Angola, Angola Oil & Gas 2022 will take place on 29-30 November and 1 December in Luanda Returning to Luanda for its third edition under the auspices of the the Minister of Mineral Resources, Oil and Gas, H.E. Diamanto Pedro Azevedo, and in partnership with the National Oil, Gas and Biofuels Agency (ANPG) (https://bit.ly/3SvnWKn) , AIDAC and the African Energy Chamber

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Avedia Gas Joins African Energy Week (AEW) 2022 as Bronze Sponsor

The LPG market specialist is set to make a strong play for natural gas investment and development during African Energy Week 2022 Representing the cleanest fossil fuel as well as the most widely available in Africa – the continent boasts over 620 trillion cubic feet (tcf) of proven gas reserves, with new exploration campaigns set to increase this figure two-fold – monetizing and utilizing gas will enable Africa to make energy poverty history by 2030.

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