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 […]
BREAKING: Nigeria’s oil production hits1.235 mb/d — OPEC Read More »
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
By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC and its allies, widely known as OPEC+, have resolved to retain the present two million barrels per day, bpd, production quota. The decision was taken at the 34th OPEC and non-OPEC Ministerial Meeting, which took place by videoconference on Sunday, December 4, 2022. In a
OPEC+ retain 2m bpd oil production quota Read More »
The Minister of Mines and Hydrocarbons of Equatorial Guinea, Gabriel Mbaga Obiang Lima, will take over as the President of the Organization of Petroleum Exporting Countries (OPEC) in 2023, reestablishing Africa as a leading powerhouse in the global oil industry. Among the largest producers of oil in Africa, Equatorial Guinea has seen exponential GDP growth
Equatorial Guinea Assumes OPEC Presidency in 2023 Read More »
OPEC daily basket price stood at $94.74 a barrel Wednesday, 2 November 2022, compared with $94.43 the previous day https://www.opec.org/opec_web/en/press_room/6758.htm
The 2022 OPEC World Oil Outlook (WOO) was today launched at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2022 in the United Arab Emirates (UAE). First published in 2007, the WOO offers a detailed review and assessment of the medium- and long-term prospects for the global oil and energy industries to 2045. The
OPEC launches 2022 edition of the World Oil Outlook at ADIPEC Read More »
By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC, has predicted that the global population of Non- the Organization for Economic Cooperation and Development, Non-OECD, would increase by 1.6 billion between 2021 and 2045, from 7.9 billion to 9.5 billion. The organization, which disclosed this in its latest World oil Outlook, WOO, obtained by
Non-OECD nations to boost global population to 9.5bn by 2045 Read More »
Renowned for his extensive experience in the energy and oil sectors both in Kuwait and internationally, the newly appointed Secretary General for the Organization of the Petroleum Exporting Countries (OPEC), H.E. Haitham Al Ghais, will attend this year’s Angola Oil & Gas (AOG) 2022 Conference and Exhibition (https://bit.ly/3W6mRv6) , taking place on 29-30 November and
