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Category: Energy

Economy Energy Gas Mining Newsletter

Biggest Names in Oil, Gas and Energy Confirmed for Africa Oil Week 2022

Supermajors, International Companies among those Committed to the Home of the African Upstream Only at AOW 2022 Africa Oil Week (AOW) (https://Africa-OilWeek.com) is proud to announce the biggest names from across the oil, gas and energy value chain will be attending the Home of the African Upstream, AOW. With an incredible line-up of hundreds of companies registered so far, AOW promises to deliver game-changing, deal-making opportunities for its attendees. Many world-leading Upstream organisations have been

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Economy Energy Gas Oil

Former Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu Republic of Nigeria, Attending Africa Oil Week 2022

Africa’s leading oil and gas event sees the strongest presence of Ministers and Government officials Former Minister of State for Petroleum Resources, Dr Emmanuel Ibe Kachikwu of the Republic of Nigeria will be attending Africa Oil Week (www.Africa-OilWeek.com) 2022. The accomplished scholar, thought leader, and Exxon Mobil’s Nigerian general counsel is attending the leading Oil and Gas event, being held in Cape Town – the heart of South Africa. Organised by Hyve Group Plc., Africa

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Diamonds Energy Gas Mining Oil

Sasol Confirmed as Diamond Sponsor for African Energy Week 2022

Africa’s vast hydrocarbon resources present an opportunity for the continent to secure its energy supply, improve energy access and drive socioeconomic development. With the continent’s oil and gas industry rapidly expanding owing to increases in energy demand across the continent and at globe scale, the role local energy companies play in driving energy developments continues to expand. Global chemicals and energy company Sasol will be returning to this year’s edition of the African Energy Week

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Economy Energy Gas Mining Oil

African Energy Chamber Urges United States (US) to Lift South Sudan Oil Sanctions (By NJ Ayuk)

Investments in oil and gas projects have decreased, and the sanctions have dampened interest in the country’s first licensing round Four years have passed since the U.S. imposed sanctions on South Sudan’s oil industry. The goal had been to prevent oil money from funding the civil war that had been raging since 2013. By curtailing the ability of businesses and organizations to provide revenue for the South Sudanese government, U.S. officials reasoned, they could pressure

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Economy Energy Mining Oil

Brent traded below $90

The barrel of Brent oil, a reference for Angolan exports, for delivery in November, traded yesterday until close to market closing time, at US$85.3, falling for the first in the last six months to below US$90. At the start of the session, the price of a barrel of Brent oil was fixed at 92 dollars, but on Tuesday, deliveries for November closed, in the London futures market, down 3.04 percent, to 92 .83 dollars. Fears

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Economy Energy

Angola has the sixth largest share among 10 countries

Angola is, for the month of October, with a quota of 1.52 million barrels/day, the sixth largest of a total of 10 member countries and the ninth if considering the targets set for a group of 20 OPEC producers and not -Opec, a group called OPEC+, which is led by Russia and Saudi Arabia. According to yesterday’s announcement by the Organization of Petroleum Exporting Countries (OPEC), in view of the current fundamentals of the oil

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Economy Energy Gas Mining Oil Petroleum

Brent oil for November delivery drops to $92.83

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

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Diamonds Economy Energy Mining

160 carat diamond discovered

The Australian company Lucapa Diamond Company announced this Monday that it had discovered a 160-carat diamond in the same block from which it extracted the “Rosa do Lulo”, the 170-carat diamond discovered at the time in early August, having been considered the largest of this hue, found in 300 years. The new diamond, white, with superior quality of type IIa, is the 28th with more than 100 carats to be extracted from the Lulo Mine

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Economy Energy Mining Oil

Sonangol maximizes gains from rising oil prices

Sonangol, a company that operates along the oil value chain, managed, last year, to maximize the gains resulting from the increase in the prices of crude oil and derivatives observed with the recovery from the effects of the Covid-19 pandemic, thanks to the adoption of a cost reduction policy, especially at the height of the Covid-19 pandemic, in 2020 and 2021. This statement was made by Sonangol EP’s Director of Planning, Edson Pongolola, in an

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Economy Energy Gas Mining

Gazprom cuts gas supplies to Europe

Gazprom, Russia’s state-owned energy company, announced on Friday the complete stoppage of supplies through the Nord Stream 1 pipeline, due to an oil leak in the Trent 60 gas compressor at Portovaya station. Nord Stream 1, which links Russia to Germany, had already had its supply suspended since Thursday, due to alleged maintenance, but now, Gazprom has cut it and does not advance any forecast for the restoration of gas supply by Nord Stream 1.

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