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Economy Energy

In the Energy Transition Era, Africa Should Prioritize its Own Development

12, September, 2022

Speaking during the closing Ministerial panel of the MSGBC Oil, Gas & Power 2022 conference, regional ministers made a strong case for the need to develop Africa before transitioning to renewables Ushering MSGBC Oil, Gas & Power 2022 (https://bit.ly/3a4fuRb) to a triumphant close, the final Ministerial panel of the conference convened under the theme, “The Future of Africa’s Energy: COP27 and the Road Ahead,” presenting a unified African position on energy autonomy and security ahead

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Economy Energy Gas Oil Petroleum

Minister Gladima Announces MSGBC Oil, Gas & Power 2023 to take place in Mauritania

12, September, 2022

H.E. Sophie Gladima, Minister of Petroleum and Energies for the Republic of Senegal announced that MSGBC Oil, Gas & Power 2023 will take place in Mauritania next year and gave the final remarks for MSGBC 2022, thanking her fellow Ministers and the assembled delegates for their attendance, insight and inputs in developments over the course of the two-day event, West Africa’s foremost energy forum On the final day of the MSGBC Oil, Gas & Power

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Economy Energy Gas

Golar LNG’s Karl Fredrik Staubo to Discuss Liquefied Natural Gas (LNG) and Gas Monetization at African Energy Week (AEW) 2022

12, September, 2022

Karl Fredrik Staubo, CEO at Golar LNG – a silver sponsor for AEW 2022 – will be attending and speaking at this year’s biggest energy event on how Africa can fast track the development, exploitation and monetization of gas resources using liquefied natural gas. With Africa having an estimated 620 trillion cubic feet of gas reserves which remains untapped, an opportunity has risen for the continent to address its looming energy poverty rates while driving

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Economy Energy International

Honorable Gwede Mantashe Provides Insight into South-East African Cooperation Ahead of South Sudan Energy Conference

12, September, 2022

Ahead of South Sudan Oil & Power 2022, Honorable Minister Gwede Mantashe sat down with the Energy Capital & Power team to discuss his Ministry’s 2022-2023 agenda and the role regional cooperation will play With the fifth edition of South Sudan Oil & Power 2022 (https://bit.ly/3A1hgvV) kicking off on Tuesday, Hon. Gwede Mantashe, South Africa’s Minister of Mineral Resources and Energy, provided insight into the role regional cooperation and intra-African trade plays in Africa, as

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Energy Gas Mining Oil

African Energy Chamber (AEC) Lifetime Achievement Award Renamed to Mohammad S. Barkindo Lifetime Achievement Award

12, September, 2022

The African Energy Chamber renames the African Energy Lifetime Achievement Award to Mohammed S. Barkindo Lifetime Achievement Award in celebration of the late OPEC Secretary General’s dedication in driving socioeconomic developments through energy industrial growth. In honor of the late H.E. Muhammad Sansui Barkindo – oil industry veteran and former Secretary General of the Organization of Petroleum Exporting Countries (OPEC) – the African Energy Chamber (AEC) – the voice of the African energy sector –

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Economy

32 Banco Caixa Angola branches subscribe to Sonangol Shares

12, September, 2022

Those interested in acquiring shares relating to the sale of Sonangol’s entire stake in Banco Caixa Angola may, until the 16th, subscribe for them at one of the 32 bank branches across the country. According to the bank, the subscription period runs from 9 am on September 5th to 3 pm on September 16th, with the 12th being the deadline for amending or revoking submitted purchase orders. In the document that Jornal de Angola had

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Economy Energy International

TAAG and Boeing reach agreement on aircraft supply

12, September, 2022

TAAG and the US builder Boeing, the main supplier of aircraft to the national flag company, reached an agreement on the resolution of “financial pending” creating the conditions for cooperation in the supply of aircraft for the future. According to a TAAG press release, after a long and complex negotiation carried out since the swearing in of TAAG’s new management with Boeing, “we communicate to the market that the two entities have reached an agreement

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Economy Energy Mining Oil

Oil: Brent opens session higher

12, September, 2022

Brent oil a benchmark for Angola’s exports, for delivery in November opened up 4.14 percent, to around US$3.69, to US$92.84, in the session. At the close (Friday) it accumulated a weekly loss of 0.19 percent. WTI oil for October advanced 3.89 percent to $3.25 in the session, at $86.79 a barrel, but had a slight drop of 0.09 percent for the week. Against this backdrop, crude oil futures closed up about 4 percent on Friday,

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Economy Energy International

Angola-China Chamber of Commerce values business cooperation

12, September, 2022

The president of the Angola-China Chamber of Commerce, Luís Cupenala, praised the enormous cooperation between Angola and China in the commercial field, stating that the level of bilateral cooperation is consistent and reliable. Luís Cupenala, who was speaking to the Chinese newspaper, Xinhua, also said that such cooperation has contributed to the improvement of infrastructure, industrialization, as well as efforts to combat poverty in the African country. The official mentioned the Benguela Railway (CFB) as

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Economy Energy International

TAAG marks 84 years under the sign of growth

12, September, 2022

The energy ministers of the European Union hold an Extraordinary Council today in Brussels to discuss possible emergency measures to be applied at Community level to mitigate the effects of rising prices in the sector. The current Czech Presidency of the Council of the EU said yesterday that “”ministers will be invited to identify the preferred measures that could be implemented at EU level in a short period of time to alleviate the burden of

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