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TAAG offers new route between Luanda and Ponta Negra

13, December, 202213, December, 2022

TAAG (Linhas Aéreas de Angola) has expanded its network of regional destinations, offering two weekly flights between Luanda and Ponta Negra, the second largest city and main commercial center in the Republic of Congo, whose inaugural flight will take place today, Monday. fair, 12. According to a statement from TAAG, this route will have two weekly flights with departures on Mondays and Fridays, operated by the DASH 8 aircraft with capacity for 74 passengers, 64

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Energy Gas News Oil

OPEC+ supports market stability

13, December, 202213, December, 2022

The OPEC+ alliance plays a key role in supporting market stability, OPEC Secretary General Haitham Al Ghais said Saturday in a message alluding to the sixth anniversary of the group’s formation. “Six years later, the framework continues to play a key role in supporting market stability, which is essential for growth and development, and also in attracting the necessary investment to ensure energy security,” said Al Ghais, in a communicated. At the last meeting, held

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Economy Energy Gas International News Oil Renewable Energy

Brent trading at $78

13, December, 202213, December, 2022

A barrel of Brent oil, a reference to Angolan exports, was traded yesterday until around 5 pm in Angola, at the price of US$78.29.Until that moment, the price represented an appreciation of 2.19 dollars, equivalent to 2.88 percent when compared to 76.1 dollars the day before. As can be seen from the indicators on the Investing.com platform, Monday’s trading peaked at $78.58. Over the past few days, oil prices have been steadily easing on fears

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Economy Energy Gas International News Renewable Energy

ExxonMobil reduces oil production in Equatorial Guinea

13, December, 202213, December, 2022

US oil company ExxonMobil is expected to leave Equatorial Guinea in 2026, after reducing production at the Zafiro well to 15,000 barrels per day. “We are currently evaluating the best way to leave, in close collaboration with the Ministry of Mines and Hydrocarbons”, confirmed a spokeswoman for ExxonMobil, after news from the specialized press that reported the complete exit from the country. ExxonMobil reduced production in the Zafiro field from 45,000 to 15,000 barrels of

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Energy Oil

Brent at $93.5 a barrel

26, October, 202226, October, 2022

The price of a barrel of Brent oil, a reference to Angola’s exports, starts the week at US$93.50, holding a positive daily variation of 1.21 percent from US$1.12 above the previous close. The data from PetroAngola, which controls four different types of oil in the Angolan supply to the markets, points out that the Girassol branches have a price of US$92.86; Dália appears with 88.86 dollars; Nemba at US$88.88 and Cabinda at US$92.58. According to

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Energy Gas Oil

Angola and Nigeria with major responsibilities in Africa

26, October, 202226, October, 2022

Angola and Nigeria are two countries with increased responsibilities in ensuring a sustainable energy transition in Africa, said this Saturday (22), the Nigerian ambassador accredited in Luanda, Monique Ekpong, during the 1st African Summit on Energy, Oil and Gas. The diplomat supported the statement by mentioning that the two countries have large reserves of crude oil and natural gas which, if properly used, can allow the economic development of both countries and the region. Monique

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Economy Diamonds Energy

SODIAM announces auction of 43 diamond stones

26, October, 202226, October, 2022

The National Diamond Trading Company (SODIAM) will auction 43 special diamond stones, including a 170.20 carat pink diamond, whose viewing sessions will take place from October 24th to November 14th. The bidding process for these stones ends on November 15, 2022 and will only be done electronically to customers registered by SODIAM and who have “expertise” in the marketing of special stones, the company says in a statement. The auction included seven special stones weighing

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Energy Oil Petroleum

Sonangol considered a credible partner for investors

26, October, 202226, October, 2022

Sonangol is seen as a reliable investment and growth partner in the energy sector, for investors looking to exploit the enormous opportunities in Angola, said company director Osvaldo Inácio, at the African Energy Week, in Cape Town, South Africa. A note released yesterday by the press service of the event cites the administrator in a presentation of a topic devoted to investment opportunities in the Angolan oil and gas industry, highlighting Sonangol as a “reliable

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Economy Energy Gas Oil Petroleum

Government strategy is aligned with OPEC+ efforts

26, October, 202226, October, 2022

Angola will continue to contribute to OPEC+’s efforts to ensure that “fair revenues” are obtained for producing countries and the continuous supply of crude oil to consumers. In a statement, the Ministry of Mineral Resources, Oil and Gas indicates that Angola as a signatory to the Declaration of Cooperation signed in December 2016, between OPEC member countries and non-OPEC crude oil producers (OPEC+), in a total of 23 countries, constituted a historic milestone in the

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Gas Oil

Price cap excludes OPEC bid

26, October, 202226, October, 2022

The new measures by the Group of Seven (G7) countries to limit Russian oil sales by imposing a price ceiling will not be applied against OPEC producers, which adopted plans to cut production, leaving consumer countries apprehensive, he told Reuters a US Treasury official. The United States has contacted representatives of the Organization of Petroleum Exporting Countries (OPEC) to reassure them about the limits of the plans, the official added. The comments could help defuse

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