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
Recent natural-gas discoveries leave Africa well positioned to take advantage of the trend towards decarbonisation CAPE TOWN, South Africa, October 6, 2022/APO Group/ — As the energy industry decarbonises its operations, natural gas is becoming an ever more important part of the energy mix – opening up a range of opportunities for the African gas industry. “Sometimes, oil is even seen as a by-product of gas,” remarked Luca Vignati, upstream director of global energy company
Angolan oil and gas company, Falcon Oil Holding Angola S.A., will participate at this year’s AOG 2022 Conference and Exhibition as a gold sponsor Angolan oil and gas exploration and production company, Falcon Oil Holding Angola S.A., will participate at this year’s Angola Oil & Gas (AOG) (bit.ly/3RIrAQ1) 2022 Conference and Exhibition – taking place in Luanda on 29-30 November and 1 December – as a gold sponsor, demonstrating the event’s high-level participation among key regional energy
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 Black Impact Foundation – a sponsor of the AEW 2022 Just Energy Transition Concert – will be hosting a roundtable on October the 20th at AEW 2022 to discuss how Africa can drive energy sector growth and socioeconomic development by leveraging its vast human and local resources Africa’s vast yet largely unexploited human and natural resources – including an estimated 125.3 billion barrels of crude oil and 620 trillion cubic feet of gas reserves
Global oil demand remains resilient despite slowing economies and is likely to hold up even if recessions materialize, executives at some of the largest commodity trading houses said on Tuesday. Oil consumption has surprised to the upside in recent months, and there hasn’t been significant demand destruction, as previously expected, economists and researchers at the top traders said at the Argus European Crude Conference in Geneva. “All the different factors suggest, yes, we may be
While there is consensus on the need for low-carbon energy, the new energy mix must also support Africa’s social development and the upliftment of its people. This was the message from several delegates to the VIP and Ministerial Symposium of this year’s Africa Oil Week conference running from 3 to 7 October, at the CTICC. The event saw South African mineral resources and energy minister Gwede Mantashe, welcoming more than 30 energy ministers from across
The African Energy Chamber is proud to announce that Mary Burce Warlick, Deputy Executive Director of the International Energy Agency will attend and participate at African Energy Week 2022, shaping discussions around energy policies, investment trends, the energy transition and gender inclusivity across the sector Mary Burce Warlick, Deputy Executive Director, of the International Energy Agency (IEA), will be coming to Cape Town to attend and participate at the African Energy Week (AEW) (https://AECWeek.com/) conference
With three of the four pipelines delivering Russian natural gas to Europe out of commission, Hungary is now the only EU member state still receiving Russian gas, Forbes Hungary writes. There are four pipelines that could supply Russian natural gas to Europe: Due to the huge income Russia has made from soaring gas prices, coupled with a massive reduction in other trade with Europe, Russia has no interest in completely shutting down these pipelines. Although Hungary still receives gas, its price
