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Afreximbank
Source: Afreximbank |

Afreximbank and Câmara de Comércio de Sotavento Partner to Host the 2024 Trade and Business Roadshow in Cape Verde

This landmark event, scheduled for July 29 - 30, 2024, is aimed at diversifying, fostering and supporting the economic growth in Cape Verde

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and Câmara de Comércio de Sotavento have announced a strategic partnership to host the 2024 Trade and Business Roadshow in Praia, Cape Verde. This landmark event, scheduled for  July 29 - 30, 2024, is aimed at diversifying, fostering and supporting the economic growth in  Cape…

Stellantis
Source: Stellantis |

With Important Product-Led Transition Year Underway, Stellantis Delivers €5.6 Billion Net Profit, €8.5 Billion Adjusted operating income⁽¹⁾ (AOI⁽¹⁾) and 10% AOI Margin⁽²⁾ in the First Half of 2024

The Company plans no fewer than 20 new product launches in 2024, including 10 that have started production already in the first half of the year

Net revenues of €85.0 billion, down 14% compared to H1 2023, primarily due to the decline in volume and mix; Net profit of €5.6 billion, down 48% compared to H1 2023, primarily due to lower volume and mix, headwinds from foreign exchange and restructuring costs; Adjusted operating income(1) of €8.5…

Energy Capital & Power

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    • Mauritanian British Business Council Partners with MSGBC Oil, Gas & Power 2024
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Source: Energy Capital & Power |

Mauritanian British Business Council Partners with MSGBC Oil, Gas & Power 2024

The Mauritania Britain Business Council (MBBC) promotes sustainable development and fosters collaborative partnerships between Mauritania and the United Kingdom (UK)

The Mauritanian British Business Council (MBBC) will partner with the MSGBC Oil, Gas & Power 2024 conference for the second consecutive year, linking British investors and companies with trade and investment opportunities in Mauritania. The MBBC serves to promote sustainable development, share knowledge and best practices, and foster mutually beneficial…

African Energy Chamber
Source: African Energy Chamber |

Azule Energy’s Adriano Mongini to Outline Innovative Floating Production Storage and Offloading (FPSO), Exploration Solutions at African Energy Week (AEW) 2024

Azule Energy’s CEO Adriano Mongini has joined the African Energy Week: Invest in African Energy conference as a speaker – taking place November 4-8 in Cape Town

International energy company Azule Energy – Angola’s largest independent equity producer of oil and gas – is developing the world’s first FPSO vessel that features carbon capture and storage (CCS) capabilities. The Agogo FPSO falls part of the broader Agogo Integrated West Hub Development in Block 15/06 and is expected…

African Energy Chamber
Source: African Energy Chamber |

How Newcomers Like Namibia and Guyana Are Surpassing African Legacy Producers in Energy Investment (By By NJ Ayuk)

Recent discoveries in Namibia’s Orange Basin suggest it could hold up to three billion barrels of oil and 8.7 trillion cubic feet of natural gas, and the country’s total oil reserves could be nearly equal to Guyana’s at around 11 billion barrels

By NJ Ayuk, Executive Chairman, African Energy Chamber. The major players on the world energy production stage are well known, and particularly in the field of oil and gas, where most of them have been in the game for a long time. In Africa, countries like Algeria, Nigeria, Libya, Egypt,…

African Energy Chamber
Source: African Energy Chamber |

African Petroleum Producers Organization (APPO) Secretary General to Discuss Energy Bank Launch, Opportunities for Angola at Angola Oil & Gas (AOG) 2024

Omar Farouk Ibrahim has joined the Angola Oil & Gas conference – organized by Energy Capital & Power - taking place October 2-3 in Luanda

The African Petroleum Producers Organization (APPO) signed the African Energy Bank (http://apo-opa.co/3WAyFYG) into implementation in June 2024, kickstarting a new era of oil and gas financing in Africa. Offering an alternative source of funding for African hydrocarbon projects, the bank is expected to play a major part in advancing project…

African Energy Chamber

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    • Marathon Oil Accelerates Project Development in Africa, Returns to African Energy Week (AEW) 2024 as Silver Sponsor
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Source: African Energy Chamber |

Marathon Oil Accelerates Project Development in Africa, Returns to African Energy Week (AEW) 2024 as Silver Sponsor

Marathon Oil joins African Energy Week: Invest in African Energy 2024 in November as a silver sponsor, highlighting its contributions and ongoing commitment to energy development across the continent

Independent exploration and production company Marathon Oil entered a five-year LNG sales agreement last year with diversified natural resource company Glencore Energy UK for its equity natural gas from the Alba Field offshore Equatorial Guinea. The agreement aims to optimize gas operations by redirecting partial volumes from the methanol plant…

Energy Capital & Power

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    • African Onshore Attracts Independent, Indigenous Explorers
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Source: Energy Capital & Power |

African Onshore Attracts Independent, Indigenous Explorers

Following TotalEnergies’ latest sale of its onshore Nigerian assets to Chappal Energies, opportunities to farm into Africa’s onshore acreage will be explored at the Invest in African Energy 2025 Forum in Paris next May

French major TotalEnergies announced the sale of its stake in 18 Oil Mining Licenses (OMLs) in Nigeria – the majority of which are onshore – to Mauritius-based company Chappal Energies (http://apo-opa.co/4bYS3Do) this month. As an independent energy company, Chappal Energies specializes in revitalizing brownfield assets and unlocking latent value in Nigeria…

Energy Capital & Power
Source: Energy Capital & Power |

Isondo Precious Metals to Showcase South Africa’s Platinum Group Metals (PGM) Prospects at Critical Minerals Africa (CMA) 2024

Isondo Precious Metals will launch operations at its manufacturing facility in Johannesburg next month, driving development of Africa’s platinum group metals market

South African fuel cell component manufacturer Isondo Precious Metals (https://apo-opa.co/3zTFN9E) will launch operations at its advanced manufacturing facility in Johannesburg this August, processing platinum group metals (PGMs) for use in the production of electric vehicles (EVs) and green hydrogen technologies. Vinay Somera, Isondo Precious Metals CEO, will speak at the Critical…

Energy Capital & Power

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    • Angola Oil & Gas (AOG) 2024: WesternGeco Workshop to Explore Kwanza Basin Prospects Ahead of 2025 Tender
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Source: Energy Capital & Power |

Angola Oil & Gas (AOG) 2024: WesternGeco Workshop to Explore Kwanza Basin Prospects Ahead of 2025 Tender

The workshop – taking place during the pre-conference program on October 1 – will provide an update on the regional prospectivity of the offshore Kwanza Basin

Angola is preparing to launch a limited tender in 2025, offering ten blocks for exploration in the Kwanza and Benguela Basins. According to the National Oil, Gas & Biofuels Agency, Kwanza Basin assets include Block 22, Block 35, Block 37, Block 38 and Block 36, offering a strategic opportunity for…