The reduction in oil production announced this Wednesday by the OPEC+ group corresponds to the biggest cut in supply since May 2020. According to Reuters experts, the decision is likely to anger the administration of US President Joe Biden and prompt the US response. The note sent to Citi markets, which Reuters refers to, explains that the OPEC+ alliance, led by Saudi Arabia and Russia, decided, in Vienna, to reduce oil production by two million
New Eskom board chairman Mpho Makwana shared his views on the just transition, securing South Africa’s energy needs, and getting Eskom fired up again New Eskom board chairman Mpho Makwana gave an interview on the side-lines of the Green Energy Africa Summit (GEAS) (https://GreenEnergyAfricaSummit.com/) in Cape Town. Speaking only days after the new Eskom board was appointed, he shared his views on the just transition, securing South Africa’s energy needs, and getting Eskom fired up again. We
International investors are also being attracted by Africa’s renewable-energy opportunities Private power is booming. This was the message from Rand Merchant Bank (RMB) CEO Emrie Brown at the Green Energy Africa Summit (GEAS) (https://GreenEnergyAfricaSummit.com/), taking place at the Cape Town International Conference Centre from October 4-5. Brown was speaking during a successful first day of the Summit, which drew hundreds of local and international delegates. Brown identified a growing trend for metros and private companies to
The price of a barrel of Brent oil, which serves as a reference for Angolan exports, for delivery in December ended today on the London futures market up 0.98%, to US$88.82. Brent’s price rose amid speculation among investors about plans by the group designated OPEC+, which brings together members of the Organization of Petroleum Exporting Countries (OPEC) and allies such as the Russian Federation, to reduce by one million barrels a day to boost the
Panel Discussion part of South Africa Energy Day – only at Africa Oil Week Africa Oil Week (https://Africa-OilWeek.com) is excited to present the panel discussion “What can Oil and Gas offer the South African Economy?” as part of its South Africa Energy Day, at Africa Oil Week. The panel – held at the leading Oil and Gas event in heart of Cape Town – will be moderated by Howie Frylinck, National Sales Manager, Pentagon Freight Services.
The North American company Exxonmobil uses, until 2027, a part of its investment portfolio estimated at US$15 billion, in the implementation, in Angola, of projects in the areas of capture and storage of carbon dioxide, production of hydrogen and biofuels, within the scope of the United Nations 2030 agenda, to achieve the Sustainable Development Goals (SDGs). The information was provided by Exxonmobil’s Director of Public and Government Relations for Angola, Armando Afonso, during a presentation
The Cabinda Refinery has already started the process of recruiting personnel, whose company responsible for the selection of candidates is managing, in this first phase, a total of 180 vacancies, for a project that expects to create more than 10 thousand direct and indirect jobs. Candidates must have as necessary requirements at least 10th grade or an equivalent technical course, degrees in technical training areas”, said the administrator of Cabestiva, João Panzo, quoted today by
The Invest in Congo side event at AEW 2022 will showcase investment opportunities across the Central African country’s oil and gas industry Representing Africa’s premier energy event, the 2022 edition of the African Energy Week (AEW) (www.AECWeek.com) conference and exhibition aims to position African oil and gas-producing countries as globally attractive energy investment destinations by uniting African energy stakeholders and policymakers with global energy companies and investors to discuss investment trends and the future of African
Africa Oil Week Gold Sponsor SNPC shares its expertise ahead of AOW 2022 Ahead of Africa Oil Week (AOW) 2022 (www.Africa-OilWeek.com), gold sponsor SNPC shares their thoughts on exploration and development of natural hydrogen in the Congo Project Assessment of the CO2 sequestration potential in the Congolese coastal basinContext of the Project: Fight against greenhouse gases from the production of hydrocarbons/ promotion and valorization of renewable energiesPARTNER: PGSOBJECTIVES: Decarbonization of oil production activity in the
This year’s Prospects Forum will showcase a wide range of attractive farm-in and exploration opportunities in established and frontier markets Amidst a recent surge of exploratory drilling in Africa, Africa Oil Week (https://Africa-OilWeek.com) is organizing once again a Prospects Forum to offer a platform that will showcase some of the most attractive farm-in and exploration opportunities on the continent. The Prospects Forum will be moderated and animated by African investment and commodities research agency Hawilti
