By Eyo Nsima The Organisation of petroleum Exporting Countries, and its allies, popularly known as OPEC+, has commended Saudi Arabia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, Oman and Gabon for making voluntary adjustments targeted at achieving stability in the global oil market. The commendation was made at the 48th Meeting of the Joint Ministerial Monitoring Committee […]
By Eyo Nsima Iran, Saudi Arabia and Iraq have emerged as the top three Organisation of Petroleum Exporting Countries, OPEC, nations in terms of rig count, a major index of measuring upstream activities in the oil and gas industry in February 2023. The nations – Iran, Saudi Arabia and Iraq – recorded 117, 77 and
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The Organization of the Petroleum Exporting Countries (OPEC) will host the 8th OPEC International Seminar at the Imperial Hofburg Palace in Vienna, Austria, on 5-6 July 2023 under the theme, ‘Towards a Sustainable and Inclusive Energy Transition’. The OPEC International Seminar is one of the premier events in the energy industry calendar. It strengthens cooperation
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The OPEC Fund for International Development (the OPEC Fund) and Africa Finance Corporation (AFC) has signed a US$50 million loan agreement to finance the development of infrastructure critical to economic growth and job creation across the continent. The proceeds of the 10-year loan will be used to improve connectivity, transport, logistics, and trade and to
OPEC daily basket price stood at $85.45 a barrel Monday, 23 January 2023, compared with $84.90 the previous Friday https://www.opec.org/opec_web/en/press_room/7082.htm
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Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea and the President of both the Gas Exporting Countries Forum (GECF) and the Organization of Petroleum Exporting Countries (OPEC) for 2023, will be attending and participating at the Invest in African Energy event on 26 January in London at the Waldorf Hilton. Organized
BREAKING: Nigeria’s oil production hits1.235 mb/d — OPEC . As Nigeria beats Angola to become Africa’s highest producer By Eyo Nsima Nigeria’s oil production has risen by four percent month-on-month, MoM, to 1.235 million barrels per day, mb/d in December 2022, from 1.186 mb/d in November last year However, on year-on-year, YoY, Nigeria’s oil production
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Energy Capital & Power (ECP) (https://EnergyCapitalPower.com/) is proud to announce the production of the fourth edition of Energy Invest: Equatorial Guinea, the most comprehensive guide to the Central African nation’s diverse energy market. Endorsed by H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea (https://bit.ly/3XeJMnz), the publication represents a complete report
By NJ Ayuk This past October, the African Energy Chamber presented African Energy Week (www.AECweek.com) 2022, a multi-venue event that opened with a keynote address by OPEC Secretary General Haitham Al Ghais of Kuwait. He demonstrated a strong understanding of, and concern about, Africa’s widespread energy poverty and the continent’s great need to continue harnessing
OPEC Secretary General Haitham Al Ghais Inspires Continued Optimism in Africa Read More »
Speaking during the U.S.-Africa Leaders Summit, having taken place in Washington D.C. on 13 December, Equatorial Guinea’s Minister of Mines and Hydrocarbons and OPEC President for 2023, H.E. Gabriel Mbaga Obiang Lima, discussed the importance of oil and gas development in Africa and how exploitation of the continent’s natural resources will serve to reduce energy