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Energy Gas Oil

São Tomé and Príncipe: Consortium drills new oil well

10, October, 202210, October, 2022

The Galp/Shell consortium and the National Petroleum Agency announced that they had drilled a new oil well in São Tomé, which confirms the existence of an “active oil system” in the country. In a statement, the two entities indicate that the initial results of the survey indicate that there is no evidence that the prospect, designated Jaca 1, has a sufficiently large recoverable potential to be commercial. The National Petroleum Agency indicates that the “focus

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Energy Gas Oil Petroleum

Oil Prices Slide As Traders Take Profits

10, October, 202210, October, 2022

After OPEC+ announced production cuts of about a million barrels daily last week, oil prices jumped, only to ease earlier today as traders took profits. The nominal size of the OPEC+ production cut was set at 2 million barrels daily but the actual cuts were agreed at between 1 million bpd and 1.1 million bpd, according to Saudi energy minister Abdulaziz bin Salman. The decision signaled even tighter physical oil markets ahead, pushing oil prices higher, although

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Gas Oil Renewable Energy

African oil producers meet in Luanda

10, October, 202210, October, 2022

Luanda hosts, next Monday, the third meeting of Executives of National Oil Companies (NOC) from member countries of the Organization of African Oil Producers (APPO). The meeting, which is organized by the national oil company Sonangol, with the support of the Ministry of Mineral Resources, Oil and Gas (Mirempet), will discuss and exchange experiences on implementation, policies and production of local content in the oil sector. The National Oil Companies of APPO member countries will

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Economy Energy Gas Oil Petroleum Renewable Energy

PetroAngola starts voting process for the best companies in the Oil & Gas sector

10, October, 202210, October, 2022

PetroAngola has started the public voting process to determine the winners of the 2022 edition of the Angola Oil & Gas Awards. Around 100 companies operating in the Angolan oil and gas industry are eligible for this edition, from operating companies, companies providing goods, services and professionals in the sector. The award will be based on the companies’ operational and commercial performance, quality and service delivery capacity, and the contributions made to this important sector

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Economy Mining

Bumbar Mining organizes 1st Safe and Mining Forum

10, October, 202210, October, 2022

Mining Eventos, a brand of Bumbar Mining, an Angolan company specialized in communication consultancy, organizes, on the 26th of the current month, in the city of Luanda, the 1st Safe and Mining Forum. Under the theme “The insurance industry’s view of the mining sector – expectations, challenges and opportunities, the event will be in an interactive format with two round tables. According to a document from the institution to which Jornal de Angola had access,

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Energy Gas Oil Petroleum

Sonangol signs agreement to create a logistics base in Namibia

10, October, 202210, October, 2022

Sonangol, the National Petroleum Corporation of Namibia (NAMCOR) and the Namibiam Ports Authority (NAMPORT) signed, this Sunday, a memorandum of understanding for the development of an integrated logistics base to support the oil and gas industry in Namibia, similar to the Sonils base. According to a press release from the Angolan oil company sent today to Jornal de Angola, the “structuring project of strategic importance” was signed by the chairman of the Board of Directors

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Energy Gas Petroleum

National Petroleum Authority Chief Executive to Drive African Energy Week (AEW) 2022 Dialogue Around Downstream Optimization

7, October, 20227, October, 2022

Dr. Mustapha Abdul-Hamid, Chief Executive of the National Petroleum Authority of Ghana, will be discussing trends across the country’s downstream sector at AEW 2022 The African Energy Chamber (AEC), the voice of the African energy sector, is proud to announce the attendance and participation of Dr. Mustapha Abdul-Hamid, Chief Executive at Ghana’s National Petroleum Authority (NPA), at the African Energy Week (AEW) (https://AECWeek.com/) conference and exhibition, which will take place from 18 – 21 October

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Energy Gas Oil Renewable Energy

African Energy Week (AEW) 2022’s Industry-Advancing National Oil Company (NOC) Summit Prioritizes African-Led Energy Solutions

7, October, 20227, October, 2022

AEW 2022 will emphasize the role state energy companies play in boosting investment, exploration and production across Africa’s energy sector. The African Energy Chamber (AEC) is proud to announce the return of the National Oil Company (NOC) Summit at Africa’s premier event for the oil and gas sector, African Energy Week (AEW) (https://AECWeek.com/), which will take place from 18 – 21 October 2022, in Cape Town. Following a successful edition of the NOC Summit at

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Economy Gas Oil

Organization of Petroleum Exporting Countries (OPEC) President Bruno Jean-Richard Itoua Leads First In-Person OPEC Meeting Since COVID-19

7, October, 20227, October, 2022

H.E. Bruno Jean-Richard Itoua, Minister of Hydrocarbons of the Republic of Congo, who is currently serving as the 2022 President for the Organization of Petroleum Exporting Countries, led OPEC’s first in-person meeting since the onset of the COVID-19 pandemic This week, H.E. Bruno Jean-Richard Itoua, the Republic of Congo’s Minister of Hydrocarbons and the 2022 President for the Organization of Petroleum Exporting Countries (OPEC), led the oil cartel’s first in-person meeting since the onset of

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Economy Energy Gas Oil

African Petroleum Producers Organisation (APPO) head supports the Organisation of Oil Producing Countries (OPEC) production cut

7, October, 20227, October, 2022

The decision by OPEC was made following the 33rd OPEC and non-OPEC ministerial meeting on 5 October. The secretary-general of APPO, the African Petroleum Producers Organisation, has come out in support of the recent decision by OPEC to cut production by around 2%, on the side-lines of Africa Oil Week (www.Africa-OilWeek.com) in Cape Town. “It is a decision well taken,” said APPO secretary-general Dr Omar Farouk Ibrahim, on the sidelines of Africa Oil Week, being

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