The President of the African Development Bank, Dr Akinwumi Adesina, is calling for an end to loans given in exchange for the continent’s rich supplies of oil or critical minerals used in smartphones and electric car batteries, deals that have helped China gain control over mineral mining in places like Congo and have left some […]
Category: Oil & Gas
Angola Oil & Gas Offers Unparalleled Opportunities for International Investors
Luanda, Angola// — Angola’s premier event for the oil and gas sector – the Angola Oil & Gas (AOG) conference and exhibition (https://apo-opa.co/4945xwG) – unites the country’s government and energy companies with global operators and investors.
Oil Markets Await a Shift in Sentiment
Oil markets are set for a busy week, but so far neither US inflation data nor the monthly OPEC report managed to disrupt the stagnation of oil prices, with ICE Brent still trading around the $82 per barrel mark.
Ghana Ranked 10th in Africa with Most Affordable Fuel Prices
A report by GlobalPetrolPrices.com ranks Ghana as 10th in Africa with the most affordable fuel prices in March 2024.
Ouattara and Eni’s CEO Announce Major Oil Discovery Offshore Côte d’Ivoire
The President of Côte d’Ivoire, Alassane Ouattara and the Chief Executive Officer of Eni, Claudio Descalzi have announced a major discovery in block CI-205, offshore Côte d’Ivoire.
Oil Prices Remain Rangebound Despite Extension of OPEC+ Cuts
The flatlining of oil prices continued this week despite positive trade data coming out of China and impressive Indian oil demand, with a continued build-up in US crude inventories and scepticism vis-à-vis OPEC+’s extended voluntary cuts offsetting that positive momentum.
Oil Markets Await the Next OPEC+ Announcement
Diverging macroeconomic news, with China and Europe continuing to struggle with below-expectations manufacturing activity while the United States is nearing the point of first interest rate cuts, failed to alter the trading patterns of February, keeping Brent around the $83 per barrel mark.
Congo Debuts First Liquefied Natural Gas Carrier, Paving the Way for Major Gas Exportation
Johannesburg, South Africa// — The launch of the Republic of the Congo’s first LNG carrier, emerging from the nation’s premier Congo LNG Project, showcases the country’s firm dedication to responsibly harnessing its natural resources and advancing towards a more sustainable and eco-friendly economy.
Chinese Firm Sale of Unwholesome Fuel Products: CSOs Threaten to Sue NPA, Standard Authority
The Institute for Energy Security (IES) and the Chamber for Petroleum Consumers (COPEC), leading civil society organisations (CSOs) have threatened to sue the National Petroleum Authority (NPA), and Ghana Standard Authority (GSA) for allowing a Chinese firm, Sentuo Oil Refinery to flood the Ghanaian fuel market with unwholesome petroleum products.
African Leaders Must Find Ways to Encourage Ongoing Oil and Gas Investments
As the 2023 U.N. Climate Change Conference, the 28th Conference of Parties (COP28) in Dubai drew to a close, the air was thick with determination among the 200 delegates.