This unmissable event will take place in the heart of Cape Town, bringing together leading energy stakeholders from 3-7 October Africa Oil Week (AOW) (https://Africa-OilWeek.com) is proud to announce that Equinor ASA is Titanium sponsor of Africa Oil Week. The company will be represented at AOW – held in heart of Cape Town. Organised by Hyve Group Plc., this unmissable event will take place in the heart of Cape Town, bringing together leading energy stakeholders
NOV Maintains its Commitment to AOW Africa Oil Week (AOW) (https://Africa-OilWeek.com) is proud to announce NOV’s continued commitment to Africa Oil Week as a Gold Sponsor. The company will be well-represented at AOW – held in the heart of Cape Town. Organised by Hyve Group Plc., this unmissable event will bring leading energy stakeholders together on the 3-7 October in Cape Town under the theme: Sustainable Growth in a Low Carbon World. NOV delivers safe, high-quality,
Green hydrogen and fuel cells will be a very important part of any future energy system, says Switzerland-based energy and sustainability consultancy strategist Dr David Hart. Among the electrolysers that convert renewable electricity into green hydrogen are proton exchange membrane (PEM) electrolysers, with PEM fuel cells then converting the green hydrogen back into green electricity for mobility and stationary power. Both technologies are reliant on platinum group metals (PGMs), which are sourced overwhelmingly from South Africa.Hart, who was speaking to Engineering News & Mining Weekly in a Zoom interview,
HARARE- Australian-listed Invictus Energy has started drilling one of two exploration wells for oil and gas in the northern part of Zimbabwe, the company said on Monday. The 3.5-km deep well, situated in the Muzarabani-Mbire area, is part of the Cabora Bassa project in Zimbabwe, which is 80% owned and operated by Invictus through its interest in Geo Associates. Invictus said in a statement that the drilling of the first well, Mukuyu-1, began on Friday and will last between 50 and 60 days. Mukuyu, which will cost
The federal government and East Coast liquefied natural gas (LNG) exporters have inked a new heads of agreement (HoA) to prevent a gas supply shortfall and secure competitively priced gas for the domestic market, negating the need to activate the Australian Domestic Gas Security Mechanism (ADGSM). Minister for Resources and Northern Australia Madeleine King said on Thursday that the negotiations ensure additional gas supply, improving security and affordability of domestic gas supplies in future years, while also
The Miners Union has called for the establishment of a national Energy Transition Authority amid announcements that coal-fired power stations in both Victoria and Queensland would be fast-tracked to closure. The Queensland government this week announced plans to exit coal-fired power stations to progressively become clean energy hubs from 2027, with the infrastructure to include gas and later hydrogen-powered stationMeanwhile, energy provider AGL on Thursday announced its own plans to exit from all coal-fired power generation, and is targeting the early closure of its Loy Yang A power station up to ten years earlier than previously
With the EU embargo on imports of Russian oil starting in December, Russia will have to find new homes for around 2.4 million barrels per day (bpd) of its crude and refined product exports, which will be banned from entering EU and G7 countries unless the oil is sold at or below a certain price the buyers expect to set. Even if the price cap mechanism fails to work for the West, as many analysts expect, and
It’s been a rough couple of weeks in the energy market. As potential energy company investors, we are not sorry to see the back of last week in particular. That’s the understatement of the year. Pretty near every negative sentiment-Recession, Fed tightening, Dollar strength, China demand, Inventory builds, or what amounts to the entire oil price Closet of Anxieties, came to pass this week. Oil-WTI took a tumble below $80 for the first time since Jan 11th
One of the world’s most mature deepwater basins, the U.S. Gulf of Mexico, has a lot of production life left and could help bridge the oil supply gap that is widening with the maturing of many currently producing assets globally. The basin now pumping 15% of U.S. crude has the potential to deliver another up to 2 million barrels per day (bpd) of the new supply sources needed by 2040, McKinsey & Company said in
Crude oil exports from all OPEC oil producers were down in the first 25 days of September compared to the full month of August, according to data from Petro-Logistics cited by commodity analyst Giovanni Staunovo on Wednesday. Between September 1 and 25, OPEC’s crude oil exports averaged 21.648 million barrels per day (bpd), which was 166,000 bpd lower than the average OPEC crude oil exports for the full month of August. Crude oil exports out of
