Category archives for: Oil & Gas

Africa Oil & Power to Honor Senegal President as ‘Africa Oil Man of the Year’

Cape Town, South Africa, June 23, 2019/ — Africa Oil & Power has announced that it would present this year ‘Africa Oil Man of the Year’ award to Senegalese President, Macky Sall at its annual conference in Cape Town, South Africa on October 9-11, 2019.

War Worries Send Oil Prices Soaring

June 22, 2019//-The shooting down of a U.S. drone over Iran has led to the most serious escalation of the U.S.-Iran conflict yet, with oil prices soaring by more than 5 percent on Thursday.

Oil Spikes On Soaring U.S, Iran Tensions

June 20, 2019//-Oil prices spiked on Thursday after Iran shot down a U.S. drone over the vital oil shipping lane, the Strait of Hormuz, in the latest escalation of the U.S.-Iran standoff in the Middle East that increased concerns about a possible military confrontation.

Vivo Energy Celebrates Hardworking Shell Retailers

Ghana, June 20, June, 2019//–Vivo Energy Ghana is sponsoring two hardworking Shell retailers, together with their spouses and a service championfor a sterling business performance and demonstrating a customer centric approach to their business.

African Energy Chamber Accuses BBC Panorama Of Unfair Attack On Senegal

Johannesburg, South Africa, June 17, 2019/ — The African Energy Chamber has rejected accusations made by the recent BBC Panorama program on Senegal and believes this case is about a sinister rush to judgment, an obsession to taint a reform-driven President, Macky Sall.

The Tanker Attacks: A Storm In A Teacup

June 14, 2019//-Oil markets appear to have more or less shaken off the oil tanker attacks, with most analysts returning to focus on fundamentals and the most recent rig count.

General Electric Appoints New Country Leader For Angola

Luanda, Angola, June 14, 2019/ — General Electric (GE) has announced the appointment of Jaime Morais as the Country Leader for GE in Angola.

OPEC Production Falls To 5-Year Low As Demand Forecasts Sour

June 14, 2019//-OPEC brought its oil production down to 29.876 million barrels per day in May according to the latest edition of OPEC’s Monthly Oil Market Report (MOMR) released on Thursday—a five-year low for the oil cartel as it struggles to control member production to keep oil prices out of the doldrums.

America’s Most Important Natural Gas Export Market

June 13, 2019//-Recently the Trump Administration announced plans to impose a 5 percent tax on all goods imported from Mexico unless “the illegal migration crisis is alleviated.” These tariffs would potentially rise to 25 percent by October.

Small Crude Build Sends Oil Lower

June 12, 2019//-Crude oil price fell further today after the Energy Information Administration reported another build in inventories at 2.2 million barrels for the week to June 7.

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