Energy and commodities company Vitol will participate at the Angola Oil&Gas (AOG) 2024 conference (https://apo-opa.co/4b9OwCw) – scheduled for October 2-3 in Luanda – as a silver sponsor. The sponsorship demonstrates the company’s dedication to fueling the expansion of the Angolan oil and gas market by leveraging its extensive expertise and services.
Upstream oil and gas company Afentra secured approval from the Angolan government to acquire a 12% stake in Block 3/05 and a 16% share in Block 3/05A from international energy firm Azule Energy.
Nigeria’s state-owned oil company has warned against the panic buying of petrol, saying the prices of fuel are not changing.
Offshore rig owner Noble Corporation has won two new deals for its Noble Venturer drillship offshore Africa.
The OPEC+ oil producers group, having lost Angola and other players in recent years, is eyeing Namibia for possible membership as it sets up what could be Africa’s fourth-largest output by the next decade, an African industry official and sources told Reuters.
According to data from the Organisation of Petroleum Exporting Countries (OPEC), Libya has overtaken Nigeria as the top African oil producer.
Crude oil physical markets in Europe and Africa have weakened in response to peak refinery maintenance and extra supply from the United States and Saudi Arabia, dampening the impact of Red Sea shipping delays, according to traders, flows data and analysts.
The selection process of the African country that will host the headquarters of the future African Energy Bank is announced to be tight (Africa Energy Bank). Nigeria, Ghana, South Africa, Egypt, Algeria, Benin and Ivory Coast are currently in the running.
Energy Minister Dr. Matthew Opoku Prempeh says natural gas is the main resource to help support large-scale industrialization in Africa in order to bridge the poverty gap that has existed between Africa and the rest of the world.
Africa Oil Corp (TSX:AOI) swung to a profit for the full year 2023 driven by income from its joint venture Prime Oil & Gas Coöperatief U.A.