Black Friday’s price collapse shook the oil market, destroying the bullish sentiment that had been building throughout the month.
Category: Energy
Ghana: Jekora Ventures Gives Litter Bins to Plastic Police Project
Accra, Ghana//-Jekora Ventures, a private waste management company has donated 240 blue colour litter bins to Plastic Police project (PPP), a pressure group at a brief ceremony on the premises of the waste management company in Accra.
Arnergy Launches Diaspora Initiative For Clean Energy Remittances
Lagos, Nigeria. Arnergy, Nigeria’s leading distributed utility company delivering solar energy solutions, has today announced the launch of the Diaspora Initiative – a groundbreaking scheme enabling the global Nigerian diaspora to invest in solar energy solutions on behalf of local individuals and businesses.
Oil Prices Crash As Covid Does What Biden Couldn’t
Oil prices experienced one of their worst trading days in recent memory on Friday, plunging across the board by over 10% on fears that a new COVID-19 variant discovered in Southern Africa might dampen economic growth and trigger another demand slump.
The Right Time To Bet On Angola
The Republic of Angola has always generated enormous interest from investors in all sectors all over the world.
South Africa’s Gwede Mantashe is Right: Energy Transition Must Be Guided By Reason, Not Panic
Johannesburg, South Africa//-Increasingly this year, African oil- and gas-producing nations are being told that protecting the planet from climate change will come at the cost of their petroleum industries.
More than $25 Billion Worth of Deals Kicked off at African Energy Week in Cape Town
Cape Town, South Africa// — As the continent’s premier energy event, as well as the biggest event to take place in Africa in 2021, African Energy Week (AEW) 2021 did not only comprise the best platform for a discussion on Africa’s energy future, but the ideal place for deal making and investment.
Afreximbank Signs $1.04 Billion Deal with NNPC at IATF2021
Durban, South Africa// – African Export-Import Bank (Afreximbank) has signed a $1.04 billion facility with the Nigerian National Petroleum Corporation (NNPC) to finance the exploration of petroleum.
New Challengers Crowd Into Africa’s Oil Space
Africa is undergoing a major change in its upstream oil and gas sector as majors depart and hand over assets to smaller, more localised firms that can exploit ageing fields.
Vivo Energy Ghana Appoints New Managing Director
Accra, Ghana//-Vivo Energy Ghana, the marketer and distributor of Shell branded fuels and lubricants has appointed Kader Maiga as its new Managing Director following Ben Hassan Ouattara’s end of tenure.