African Energy Chamber
Source: African Energy Chamber |

African Energy Chamber to Host Roadshow for Equatorial Guinea Oil & Gas and Mining Licensing Rounds in China

The forum will be held at the Kempinski Hotel Beijing Lufthansa Center

The African Energy Chamber (https://EnergyChamber.org) will host an investment forum in Beijing on 2-3 July 2019, with a focus on giving Chinese and Asian investors access to Equatorial Guinea’s EG Ronda 2019 Licensing Rounds for oil and gas and mining. The forum will be held at the Kempinski Hotel Beijing…

Source: Ministry of Mines and Hydrocarbons, Equatorial Guinea |

Equatorial Guinea’s Year of Energy becomes Call to Action for Africa’s Oil Industry

Following the success of the Cape VII Congress & Exhibition in April, Malabo will host the Oil & Gas Meeting Day for services companies on October 1-2, 2019

The Ministry of Mines and Hydrocarbons continues rolling out the Year of Energy initiative as Minister of Mines and Hydrocarbons H.E. Gabriel Mbaga Obiang Lima calls for a stronger African energy dialogue. Following the success of the Cape VII Congress & Exhibition in April, Malabo will host the Oil &…

Source: Africa Oil & Power Conference |

Angolan Students in Petroleum Industry to Train in France

50 students have been selected to attend universities in France

Ministry of Mineral Resources and Petroleum and Embassy of France in Angola sign Memorandum of Understanding in Luanda; 50 students have been selected to attend universities in France, co-financed by the French and Angolan governments. Angola and France on Thursday signed an agreement to educate Angolan students at French universities.…

African Energy Chamber
Source: African Energy Chamber |

Oil companies ready for Angola’s new licensing rounds and pledge to continue working with the government on reforms to stem production decline

The series of reforms enacted by the Angolan administration since 2017 has also been lauded

Angola is at the centre of global energy deals this week as its capital Luanda hosts a plethora of global CEOs and energy investors, and over 1,000 oil industry stakeholders at the Angola Oil & Gas 2019 Conference, organized by Africa Oil & Power. The summit was open by President…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

World’s top miners keep performing but investors unimpressed

Stakeholders are concerned that the industry is lagging when it comes to a number of factors that have not been a traditional focus of the mining industry

Revenue up 8% to $683 billion; EBITDA up 4% to $165 billion; Record dividend paid to shareholders of $43 billion up 13% ;Market capitalisation of the Top 40 down 18% to $757 billion, 31 Dec 2018 with partial recovery thereafter The world’s 40 largest mining companies continued to consolidate their stellar performance…

Source: International Labour Organisation (ILO) |

Child labour in mining, poor working conditions take centre stage in inter-regional meeting

Countries represented include Colombia, Congo, Cote d' Ivoire, France, Ghana, Guyana, Indonesia, Italy, Mali, Mongolia, Nigeria, Philippines, Thailand, Switzerland, United Kingdom and the United States

Experts and global actors from Africa, Asia and South America gathered in Manila to address child labour and poor working conditions in artisanal and small-scale gold mines (ASGM). The first-ever Inter-regional Knowledge-Sharing Forum on Child Labour and Working Conditions in ASGM  of the International Labour Organization (ILO) served as a platform for…

Source: International Monetary Fund (IMF) |

Eritrea: International Monetary Fund (IMF) Staff completes 2019 Article IV Mission

Eritrea is in a difficult economic situation following an extended period of international isolation and emergency measures to manage the economy

The peace agreement with Ethiopia and lifting of international sanctions provide a welcome opportunity for Eritrea to build an impetus for economic development; Eritrea is in a difficult economic situation following an extended period of international isolation and emergency measures to manage the economy; the IMF stands ready to support economic…

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

In Exclusive Video Statement, Angola President Touts Economic Reforms, Invites Investors to Angola Oil & Gas 2019

President João Manuel Gonçalves Lourenço will unpack best international practices for Angola’s oil and gas sector

Angola has adopted a new era of oil and gas through reforms and transparency of tenders; President João Manuel Gonçalves Lourenço will unpack best international practices for Angola’s oil and gas sector at the first Angola Oil & Gas 2019: Oil remains a key driver of Angola’s economy and capital…

Source: International Monetary Fund (IMF) |

Sierra Leone: International Monetary Fund (IMF) Staff concludes First ECF Review Mission

The economic landscape in Sierra Leone remains challenging

The Sierra Leone authorities and IMF mission concluded discussions, ad referendum, on economic policies to pave the way for consideration by the IMF Executive Board of the first review under the ECF-supported program; continued actions to mobilize revenue and manage public finances remain key priorities to reduce public debt and…

South Sudan Ministry of Petroleum
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Source: South Sudan Ministry of Petroleum |

South Africa’s State-owned Oil Company Signs Deal to Explore Highly-prospective Oil Block B2 in South Sudan

South Africa today signed an exploration and production sharing agreement (EPSA) with South Sudan for Block B2

South Africa’s state-owned oil company Strategic Fuel Fund (SFF) will own and operate Block B2; In 2018, South Africa agreed to invest $1billion into South Sudan’s energy infrastructure; South Sudan has the third-largest oil reserves in sub-Saharan Africa, estimated at 3.5 billion barrels, with just 30 percent of the country…