Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

OPEC+ slashes production, saves Oil Industry from collapse

Up to 20 million barrels of oil per day could come off the market in combined efforts

In a watershed moment for the oil and gas industry, OPEC and its allies in the OPEC+ group finalized a deal on Easter Sunday that, in conjunction with efforts from the G20 and International Energy Agency, could see up to 20 million barrels of oil per day removed from a…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

G20 backs OPEC+, But Deal in Jeopardy as Mexico Refuses Cuts

Mexico is the lone holdout in a global deal to save the oil and gas industry; US set to see production decline

In an historic effort to power the oil and gas industry out of its worst tailspin in its 100-year history, the United States, Canada and other G20 nations are backing the OPEC+ group of countries in a broad effort to reduce global oil supply and restore stability to the oil…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

CORRECTION: OPEC+ at Brink of Ending Oil Price War, awaits G20 Meeting for OPEC++ Deal

From July to December, overall production cuts will lower to 8 million barrels per day, followed by 6 million barrels per day from January 2021 to April 2022

In a move to save the oil industry — facing the biggest crisis in its history — OPEC and Russia have agreed on new production cuts, with the OPEC+ group agreeing to eliminate 10 million barrels of crude per day for an initial two-month period to save a glutted oil…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

Africa Oil & Power pledges support to Energy Industry, offers Free Communications Services

Open communication between all organizations involved in African energy helps combat misinformation and promotes safety during the Covid-19 crisis

AOP (www.AfricaOilAndPower.com) is making its platform available for governments and companies within Africa’s energy sector to submit press releases and articles free of charge; open communication between all organizations involved in African energy helps combat misinformation and promotes safety during the Covid-19 crisis; any new developments regarding AOP events will…

Africa Oil & Power Conference
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Source: Africa Oil & Power Conference |

South Sudan and Egypt sign Landmark Cooperation Agreement at South Sudan Oil & Power 2019

The country will launch its first ever licensing agreement in the first quarter of 2020 regarding 13 blocks onshore open for tender

South Sudan and Egypt sign a Memorandum of Understanding regarding cooperation in the field of downstream oil and gas, during the 2019 South Sudan Oil & Power Conference; the country will launch its first ever licensing agreement in the first quarter of 2020 regarding 13 blocks onshore open for tender;…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

PetroSA: Owning Foreign Oil Assets Key to South Africa Energy Security

French major Total’s Brulpadda discovery has a big role to play in balancing the country’s energy model and consumption

During a national oil companies panel discussion on the final day of the Africa Oil & Power conference an exhibition, Nhlanhla Gumede, Chairman of PetroSA outlined the realities in the country’s energy sector. In particular, he highlighted that South Africa is an oil consuming country and would remain as such,…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

Tarek el-Molla confirms attendance of 5th GECF Summit of Heads of State and Government in Equatorial Guinea

Equatorial Guinea set to host the 5th GECF Summit of Heads of State and Government for the first time on the African continent

Egyptian Minister of Petroleum, Tarek el-Molla confirms attendance to 5th GECF Summit of Heads of State and Government in Equatorial Guinea ;Equatorial Guinea set to host the 5th GECF Summit of Heads of State and Government for the first time on the African continent.; Strengthening and development of gas industry…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

Egypt Petroleum Minister to Speak in Juba, Egyptian Oil Industry Poised to Support South Sudan Growth

Together South Sudan and Egypt produce 850,000 barrels of oil production per day – almost 90 percent of the entire production of the Nile Basin region of north-east Africa

Egypt’s Petroleum Minister H.E. Tarek El-Molla will speak at the South Sudan Oil and Power 2019 (SSOP) conference alongside South Sudan Minister of Petroleum Hon. Awow Daniel Chuang; South Sudan’s Ministry of Petroleum calls for oilfield technology companies from Egypt and globally to optimize oilfields, increase production and improve environmental…

Source: Africa Oil & Power Conference |

African Liquefied Natural Gas (LNG) to attract $103 Billion in 2019

Nigeria, Egypt, South Africa, Mozambique, Senegal and Mauritania lead investment across supply and demand driven projects

Africa is an exciting frontier in the global natural gas sector. The continent holds 7.1 percent of proven global gas reserves (http://bit.ly/2KKgTgQ) and is expected to contribute nearly 10 percent of global production growth through to 2024 (http://bit.ly/30murnZ). On the demand side, Africa’s large, urbanized and industrialized societies of the…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

President of Angola to attend Gas Exporting Countries Forum (GECF) Heads of State Gas Summit

Angola joined the organization as an Observing Member in November

The President of Angola, H.E. João Lourenço, has accepted an official invitation to attend the Gas Exporting Countries Forum (GECF) (https://www.GECF.org) 5th Heads of State Summit held in Malabo in November. The invitation was delivered by the Minister of Mines and Hydrocarbons of Equatorial Guinea, H.E. Gabriel Mbaga Obiang Lima, during an…