Category archives for: Oil & Gas

Equatorial Guinea’s to Boost Opportunities for African Services Companies

Johannesburg, South Africa, July 17, 2019/ — In order to strengthen cooperation amongst African companies, encourage the development of a strong African content and promote joint-venture opportunities, Malabo will be hosting the Oil & Gas Meeting Day on October 1-2, 2019.

Ghana: AFC Invests $100 Million in Aker Energy’s Deep Water Offshore Oil Project

Accra, Ghana, July 17, 2019//-Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, has financed Aker Energy A.S. (Aker Energy), a subsidiary of Aker ASA, one of the highest-quality-rated companies in the Norwegian market and a leader in oil, gas and industrials.

Oil Falls Back As Iran Risk Factor Fades

July 16, 2019//-Oil prices started off the week on a quiet note, but retreated on Tuesday afternoon after Secretary of State Mike Pompeo said that Iran is ready to negotiate its missile program.

Oil Markets Not Impressed By Small Crude Draw

July 3, 2019//-A day after the American Petroleum Institute’s estimated a 5-million-barrel crude oil inventory draw and failed to reverse oil prices’ fall, the Energy Information Administration failed at that, too by reporting only a moderate draw.

Transforming Lives and Impacting Communities: Vivo Energy Deepens Commitment

Ghana, July 3, 2019//–Vivo Energy Ghana,the exclusive marketers and distributors of Shell branded products and services has handed over two newly constructed hand-pump boreholes and educational materials to the people and school children in Hiamankyene, a community in the Ashanti Mampong Municipality of the Ashanti Region.

Oil Continues Freefall Despite Large Crude Oil Inventory Draw

July 3, 2019//-The American Petroleum Institute (API) reported another large crude oil inventory draw of 5 million barrels for the week ending June 27, a more ambitious draw than analysts had predicted, at 2.484-million barrels.

OPEC’s Giants Declare Support For New Deal

July 1, 2019//-After weeks of speculation, it’s official: Russia, Saudi Arabia, and Iraq have declared their support for an extension to the oil production cuts OPEC and its partners agreed last December to regulate global supply and prices.

OPEC May Have An Extra-Bullish Surprise For Oil Markets

June 27, 2019//-OPEC is set to roll over the oil production cuts at least at their current level and could even discuss deepening those cuts, Iraq’s Oil Minister Thamer Ghadhban said at a conference in London on Thursday.

Chinese Energy Firms Push To Acquire Mining, Oil and Gas Assets in Equatorial Guinea

Johannesburg, South Africa, June 26, 2019/ — Equatorial Guinea Ronda has received great interest from public and private Chinese companies to invest in Equatorial Guinea and explore opportunities in oil & gas and minerals at the upcoming EG Ronda Licensing Round meetings in Beijing organized by the African Energy Chamber.

Middle East Tensions Move Oil Prices Higher

June 25, 2019//-Oil prices were steady in early trading on Tuesday, before WTI rose to break the $58 mark. It seems U.S.-Iran tensions are slowly overpowering continued U.S.-China trade war concerns. 

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