Brazilian Petrobras Eyes Big Oil Prize in Namibia’s Waters
Brazil’s oil giant Petrobras is making waves in Namibia, eyeing a whopping 40% stake in the coveted Mopane oil and gas block. It is not […]
oil
Niger Faces Economic Hardship as Ramadan Starts with Skyrocketing Prices
As Ramadan unfolds in Niger, the populace grapples with exorbitant prices, rendering essential commodities increasingly unaffordable. The recent transition of power has left the nation’s […]
Angola’s oil revenues fall by more than 20% in 2023
Angola’s oil revenues fell 21.3% in 2023 compared to the same period in 2022, reflecting the drop in the average price of a barrel and […]
Angola expects to raise 2 billion ME in year of implementation of single income tax
The Angolan state expects to raise 2 billion kwanzas (2.1 billion euros) in the year of implementation of the Single Tax on Corporate Income (IRPC), […]
Angola withdraws from OPEC in disagreement with oil quotas
Angola has decided to withdraw from the Organization of the Petroleum Exporting Countries (OPEC), against a backdrop of disagreement over oil production quotas, deeming it […]
Angola inaugurates second phase of 39ME gas project in Soyo
Sonangol inaugurated Thursday December 14 the second phase of the Falcão project, an investment of 42.8 million dollars (38.9 million euros) that will supply gas […]
Zimbabwe: significant natural gas deposits found in north leave citizens unimpressed
Energy companies claim to have discovered natural gas in northern Zimbabwe, with the country’s government expressing hope that the discovery, if it can be exploited, […]
Sonangol wins award for Oil Company of the Year at African Energy Week
Sonangol once again won the National Oil Company of the Year award during African Energy Week, which took place in Cape Town. Gaspar Martins also […]
Oil companies have invested more than €1.8 billion in prospecting in Mozambique since 2006
Since 2006, oil companies in Mozambique have invested more than 1.8 billion euros in hydrocarbon exploration projects that are awaiting development plans or final investment […]
The Opec+ reaches an uneasy agreement on a production cut
An oil production cut is on the way. An agreement was reached by the 23 OPEC+ member States, producers of around 40% of the world’s […]