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Angola Showcases Mineral Potential to Drive Energy Transformation at Mining Indaba

9, February, 20239, February, 2023

Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, said on monday 6thr feb in Cape Town that Angola has a high mining potential that can help in the process of energy transition. Diamantino Azevedo was speaking during the opening of the Mining Indaba international conference, which is being held from 6 to 9 February, in South Africa, under the slogan “unlock the future of mining in Africa”. The minister also made known that the

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Economy Energy Gas International News

Africa’s Upstream Industry: Holding Steady in a Turbulent Oil and Gas Market (By NJ Ayuk)

13, December, 202213, December, 2022

We encourage all parties to investigate – and invest in – Africa’s rising stars for long-term energy solutions Africa’s oil and gas industry is going to breathe new life into many African economies and will create new opportunities for every many Africans in 2023. During the recent African Energy Week, many players and host nations outlined some of the most ambitious plans produce more natural gas, diversify our economies and create more jobs especially for

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Economy Energy Gas International Oil

Africa’s Energy Sector Is in Need of Practical, and Not Reactionary, Solutions at the US and African Leaders Summit in Washington DC: (By NJ Ayuk)

13, December, 202213, December, 2022

U.S. and African Presidents must address energy poverty and a Just Transition We are confident that, like previous meetings between American and African Leaders, the events of the highly anticipated Africa Leaders’ Summit, taking place Dec. 13-15 in Washington, D.C., will show America’s earnest and enduring commitment to Africa in the broad sense. The African Continent, some organizers have said, will shape the future of the world. We truly believe that the leaders who will

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Economy Energy Gas International Oil

A New Era with Savannah Energy’s Acquisition of ExxonMobil’s Upstream, Downstream Assets in Chad and Cameroon

13, December, 202213, December, 2022

Savannah Energy has announced the completion of its acquisition of ExxonMobil’s upstream and downstream asset portfolio in Chad and Cameroon The African Energy Chamber (AEC) supports the acquisition by Africa-focused British independent energy company Savannah Energy of oil and gas supermajor ExxonMobil’s entire upstream and midstream asset portfolio in Chad and Cameroon. The sale was closed on 9 December to the tune of $407 million. The announcement comes after Savannah Energy and ExxonMobil’s signing of

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Economy Energy Oil

Talks With Hyve Group/Africa Oil Week Are Officially Off; African Energy Week (AEW) Scheduled for October 16-20 in Cape Town

13, December, 202213, December, 2022

Having reached out on multiple occasions to Africa Oil Week, African Energy Week will no longer pursue collaboration with the conference or event organizers and will continue to work towards supporting Africa’s energy sector and making energy poverty history at AEW 2023 While African Energy Week (AEW) (www.AECweek.com) organizers, the African Energy Chamber (AEC), have made continuous efforts to engage with Africa Oil Week (AOW), these efforts have been in vain, with AOW expressing complete

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Energy Gas International Oil

Savannah Energy’s South Sudan Oil Deal is a boost for Jobs, Local Content and Women Empowerment

13, December, 202213, December, 2022

Savannah Energy has announced its agreement to purchase producing oil fields in South Sudan, a deal which follows the company’s 9th of December announcement of its procurement of ExxonMobil’s upstream and downstream portfolio in Chad and Cameroon Africa-focused British independent energy company, Savannah Energy, has announced the acquisition of producing oil fields in South Sudan from Malaysian state oil and gas company, Petronas, a move highly supported by the African Energy Chamber (AEC) (http://www.EnergyChamber.org). The

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Energy

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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