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Africa Oil Week Silver Sponsor Herbert Smith Freehills (HSF) shares its expertise ahead of Africa Oil Week (AOW) 2022 (By Nina Bowyer and Barbara McNulty)

27, September, 202227, September, 2022

Africa’s natural gas export infrastructure has the potential to be re-purposed to transport hydrogen across Africa and to Europe The abundance of renewable resources that Africa possesses along with a developed renewable energy sector where renewable power can be produced at low cost – a key ingredient for generating low-cost green hydrogen – gives Africa a clear competitive edge as a clean hydrogen hub. Africa is also geographically well placed to serve both European and

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Economy Energy Renewable Energy

Sustain Power Joins African Energy Week (AEW) 2022 as a Sponsor

27, September, 202227, September, 2022

The African Energy Chamber is proud to announce that Sustain Power will be sponsoring this year’s edition of African Energy Week South Africa-based designer and supplier of clean energy solutions for domestic & industrial markets, Sustain Power, has confirmed its sponsorship of this year’s edition of the African Energy Week (AEW) (https://AECWeek.com/) conference and exhibition – Africa’s premier event for the oil and gas sector which will take place from October 18 – 21 in

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Economy Energy Gas Oil Petroleum

Minister Gwede Mantashe of African National Congress to Attend Africa Oil Week 2022

27, September, 202227, September, 2022

Strongest presence of Ministers and Government officials attending Africa Oil Week Africa Oil Week (www.Africa-OilWeek.com) is honoured to welcome the National Chairperson of the African National Congress, Mr. Samson Gwede Mantashe, to Africa Oil Week 2022. Mr. Mantashe, the South African Minister of Mineral and Energy Resources, is attending the leading Oil and Gas event in Cape Town, South Africa held by Hyve Group Plc. This unmissable event, home of the African Upstream, is set

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Oil Energy

Will Oil Prices Bounce Back Above $100 This Year?

27, September, 202227, September, 2022

Slowing economies and interest rate hikes are set to keep investors and traders off risk assets such as crude oil, which could mean that oil prices may not exceed $100 per barrel again this year, according to one of the world’s largest commodities traders, Trafigura. “Given the macro headwinds, I think generally prices will struggle … despite imminent sanctions,” Saad Rahim, Chief Economist for Trafigura, told Reuters on the sidelines of APPEC petroleum conference in Singapore.

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Economy Energy Gas International Oil

Oil Prices Are About To Reverse Course

27, September, 202227, September, 2022

“That would be the road to hell for America,” JP Morgan’s CEO Jamie Dimon said last week, referring to a suggestion that all big banks divest from the oil and gas industry. In the same week, Aramco’s chief executive warned that years of underinvestment in new oil production are beginning to bear fruit, which is an undersupplied market. Despite these statements that suggested oil prices should move higher, oil fell for much of the week. Yet it

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Economy Energy International Oil Petroleum Renewable Energy

Italian Eni has vowed to fully replace Russian gas by 2025 thanks to major developing LNG projects from Africa to the Middle East and major discoveries in the Eastern Mediterranean.

27, September, 202227, September, 2022

Eni’s Chief Operating Officer Guido Brusco told attendees of the Gastech conference in Milan on Tuesday evening that the Italian energy giant “plans to fully replace Russian gas by 2025 helped by east med fields”. At the same time, deputy COO Cristian Signoretto told the conference that Eni would also invest nearly $4.5 billion every year for the next three years in upstream activities in several venues, including Qatar, Congo, Egypt, and Algeria. “We are fully

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Energy Economy Gas Oil Petroleum Renewable Energy

Small Players Are Struggling To Survive In The Booming LNG Market

27, September, 202227, September, 2022

The surge in LNG prices has caused the international market for the fuel to concentrate in the hands of several large players, with a multitude of small LNG traders getting squeezed out. Reuters noted in a report today that the physical LNG market had swelled twofold since 2011, which has led to the increase in the numbers of LNG traders, especially small ones. These small traders, according to the report, accounted for a fifth of China’s imports

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Economy Energy Renewable Energy

SeaH4 to Showcase its Algae Biofuel at Green Energy Africa Summit 2022

27, September, 202227, September, 2022

Energy Investment Village gives real opportunities to start-ups The Green Energy Africa Summit (GEAS) will give start-up companies an opportunity to connect with industry leaders and government officials through its Energy Investment Village, which features a selection of the most compelling local clean-tech projects. The companies will have the chance to pitch to energy leaders holding potential investments worth more than $100 billion. The Energy Investment Village is a partnership with the Saldanha Bay Innovation

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