Category archives for: Energy

Is the African Nation of Angola the Next Venezuela?

December 12, 2019//-Before the current economic and humanitarian crisis that plagues Venezuela was realized, warning signs were present as the country’s debt and corruption began taking a toll on foreign investors.

It Is Official! Springfield E&P Makes Significant Oil Discovery Offshore Ghana

Accra, Ghana, December 11, 2019//- Springfield Exploration and Production (SEP) Limited and its Partners, Ghana National Petroleum Corporation (GNPC) and GNPC EXPLORCO, officially announced significant oil discovery following its maiden Afina-1 well drilling campaign in the West Cape Three Points (WCTP) Block 2, offshore Ghana.

Ghana, Nigeria Top List of Markets to Watch for Key Project Developments

Johannesburg, South Africa, December 11, 2019/ — The African Energy Chamber  highlighted the importance of increased infrastructure capacity in Africa’s long-term industrial development.

Oil Prices Fall On Bearish EIA Data

December 11, 2019//-Crude oil prices moved lower today after the Energy Information Administration reported a crude oil inventory build of 800,000 barrels for the first week of December.

Surprise Crude Build Threatens Oil Rally

December 10, 2019//-The American Petroleum Institute (API) has estimated a crude oil inventory build of 1.41 million barrels for the week ending December 4, compared to analyst expectations of a 2.763-million-barrel draw in inventory.

Tullow Oil CEO Steps Down; Scraps Dividends on Ghana Problems

December 9, 2019//-Tullow Oil Plc on Monday said its Chief Executive Officer Paul McDade has resigned and the oil and gas explorer also scrapped its dividends, as it continues to face issues at its main producing assets in Ghana.

Goldman Sachs Sees Higher Oil Prices In 2020

December 9, 2019//-Goldman Sachs lifted its crude oil price forecast for 2020 on the grounds that OPEC’s deeper production cuts will help the market avoid oversupply, Bloomberg reports, citing an emailed report from the investment bank.

Customers of Shell Receive Special Treatment Nationwide

Accra, Ghana, December  9, 2019//-Customers at various Shell service stations in Ghana were given special treatment when management and staff of Vivo Energy Ghana, the Shell licensee, embarked on its annual Customer Contact Day to thank customers for their loyalty throughout the year.

Droughts Set Southern Africa on Ticking Time Bomb

Luanda, Angola, December 9, 2019//-The severe food insecurity in Southern Africa has triggered numerous crises including child labour, child trafficking, early marriage and transactional sex that could lead to an HIV catastrophe.

Oil Jumps On ‘’Saudi Surprise’’

December 6, 2019//-Oil jumped because of news from Vienna. OPEC+ agreed to cut 500,000 bpd more than the current arrangement, a figure that initially raised questions on Thursday.

Photo Gallery

Log in | Designed by Village Pixels