H.E. Haitham Al Ghais will discuss the role of market stability in his opening address and during an OPEC-Africa Dialogue Session featuring African OPEC and non-OPEC member countries The African Energy Chamber (AEC) is proud to announce that H.E. Haitham Al Ghais, Secretary General of the Organization of Petroleum Exporting Countries (OPEC), will deliver the opening keynote address at this year’s edition of African Energy Week (AEW) (www.AECWeek.com), taking place from October 18-21, 2022 in
The Central Energy Fund will drive dialogue around how Africa can maximize energy developments to address its looming energy shortages as the host National Oil Company and a platinum sponsor of AEW 2022 With Africa seeking to accelerate its economic growth whilst ensuring energy access for all, the optimal production and exploitation of the continent’s estimated 125.5 billion barrels of crude oil and 620 trillion cubic feet of gas reserves is key, and Africa’s national
Angola produced, in August this year, 36,406,716 barrels of oil, corresponding to an average of 1,174,410 barrels/day. Compared to July, there was a drop of 85,338 barrels, when the country produced 36,492,054 barrels of “crude”. And according to the website of the National Agency of Petroleum, Gas and Biofuels (ANPG), during the same period, the production of associated gas was 89,522 million cubic feet, corresponding to a daily average of 2,888 million cubic feet Compared
Speaking to Energy Capital & Power at the fifth edition of South Sudan Oil & Power 2022, Hon. Puot Kang Chol, South Sudan’s Minister of Petroleum, emphasized that South Sudan will play an instrumental role in driving energy-related investment and development across the East African region Hon. Puot Kang Chol, South Sudan’s Minister of Petroleum, made clear the role the county plays as a gateway to doing business and driving development across the East African
New British Prime Minister Liz Truss removed a ban on drilling for shale gas, an effort to boost domestic energy supply that will have to overcome the same obstacles that stymied the industry for the past decade. The lifting of the moratorium on so-called fracking was part of a package of measures announced on Thursday to tackle soaring energy prices that are hammering households and businesses. Even with the renewed government support, the shale gas industry still faces an uncertain road, with significant opposition from local communities and challenges related
H.E. Sophie Gladima, Minister of Petroleum and Energies for the Republic of Senegal announced that MSGBC Oil, Gas & Power 2023 will take place in Mauritania next year and gave the final remarks for MSGBC 2022, thanking her fellow Ministers and the assembled delegates for their attendance, insight and inputs in developments over the course of the two-day event, West Africa’s foremost energy forum On the final day of the MSGBC Oil, Gas & Power
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
Alfort Petroleum expects to contribute a 10 percent contribution to the increase in Angola’s oil production, estimated at 1.2 million barrels of oil/day, a strategy adopted after the company recently won the contract for the block 8, in the onshore Cuanza Basin. Speaking to Jornal de Angola, the director general of Alfort Petroleum, Carlos Pallete, said that the ambition of the Angolan oil company is to position itself among the major operators in the oil
The construction of an oil pipeline between the two countries remains a central issue in relations between Angola and Zambia, with the Zambian energy minister visiting the country to learn about the works in progress. Peter Chibwe Kapala arrives in Angola this Wednesday – where he will return for the second time in less than a year – returning to Zambia on July 9, according to the Ministry of Petroleum and Mineral Resources, in a
The National Agency for Petroleum, Gas and Biofuels (ANPG) forecasts a turnover in the oil sector, for the next five years, of around US$66 billion. This forecast includes the extension of production licenses already signed between ANPG and the operators, namely in Blocks 15, 17, 18 and also in Block 0, as well as activities related to the exploration and development of oil projects and operational and administrative. If confirmed, this forecast translates into an
