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Category: Oil & Gas

Uganda will 'go ahead' with TotalEnergies megaproject despite EU criticism 1 Petroleum International Oil & Gas 

Uganda will ‘go ahead’ with TotalEnergies megaproject despite EU criticism

arnbethnic
Ugandan President Yoweri Museveni said on Friday that he would go ahead with the planned oil megaproject with the French group TotalEnergies despite a European parliament resolution slamming his “human rights violations” against opponents. The project “will continue as stipulated in the contract we have with TotalEnergies and (Chinese oil giant) CNOOC,” Museveni said on Twitter. “TotalEnergies convinced me of the pipeline idea; if they choose to listen to the European parliament, we will find another partner to work with,” he added. “In any case, our oil will be extracted… Read More Here
Namibia oil discoveries likely in billions of barrels, production expected in 4 years 2 Oil & Gas International 

Namibia oil discoveries likely in billions of barrels, production expected in 4 years

arnbethnic
Mines Energy minister Tom Alweendo says oil discoveries off the coast of Namibia by two oil majors are of commercial quantities, likely in the billions of barrels, with production expected in four years. “Companies are cautious, but have spoken of commercial quantities in billions of barrels. The marketability is there. They basically want to make sure that before they commit to production investments, they know what exact quantities are there, “ Alweendo told Reuters on the sidelines of an oil conference in Dakar, Senegal “Both companies want to speed up… Read More Here
The DRC Government and the GEMCORP Group plan to set up a financing facility of USD 500 million for the benefit of oil companies 3 Mining in DRC Oil & Gas 

The DRC Government and the GEMCORP Group plan to set up a financing facility of USD 500 million for the benefit of oil companies

arnbethnic
With a view to providing a lasting solution to the problem of the rise in the price of petroleum products, the Government, through the Ministry of the National Economy, plans to set up, with the GEMCORP Group, a financing facility to guarantee fuel supplies and reduce the cost of the oil subsidy. It was Nicolas Kazadi, Congolese Minister of Finance, acting as Minister of the Economy, who announced it on Friday August 26, 2022, during the weekly meeting of the Council of Ministers. According to Patrick Muyaya, Spokesperson for the… Read More Here
A barrel of Brent crude oil rose to 100.12 USD on Wednesday, August 31, 2022 4 Mining in DRC Oil & Gas 

A barrel of Brent crude oil rose to 100.12 USD on Wednesday, August 31, 2022

arnbethnic
The price of oil is rising again this Wednesday, August 31, 2022 on the international market after having recorded a price drop of nearly 6.46% on August 30, 2022. Very volatile since the beginning of this year, the price of a barrel of Brent or North Sea crude rose to 100.12 USD on the market. It should be noted that Brent, which has become the leading international North Sea oil pricing standard for October delivery, was down 6.46% on Tuesday August 30, 2022 to trade at $98.32, slipping below the… Read More Here
DRC: the Government and the GEMCORP Group plan to set up a financing facility of USD 500 million for the benefit of oil companies 5 Mining in DRC Oil & Gas 

DRC: the Government and the GEMCORP Group plan to set up a financing facility of USD 500 million for the benefit of oil companies

admin
With a view to providing a lasting solution to the problem of the rise in the price of petroleum products, the Government, through the Ministry of the National Economy, plans to set up, with the GEMCORP Group, a financing facility to guarantee fuel supplies and reduce the cost of the oil subsidy. It was Nicolas Kazadi, Congolese Minister of Finance, acting as Minister of the Economy, who announced it on Friday August 26, 2022, during the weekly meeting of the Council of Ministers. According to Patrick Muyaya, Spokesperson for the… Read More Here
DRC: tenders for oil and gas blocks, Budimbu reassures ICCN on respect for the environment 6 Oil & Gas Mining in DRC 

DRC: tenders for oil and gas blocks, Budimbu reassures ICCN on respect for the environment

admin
After the sale of the oil and gas resources of the Democratic Republic of Congo (DRC) estimated respectively at more than 22 billion barrels of oil and 66 billion normal cubic meters of gas located in Lake Kivu, the Congolese Minister of Hydrocarbons , Didier Budimbu, continues to reassure the various partners on the respect for the environment which should characterize these operations. To this end, Minister Didier Budimbu had a working session with the Director General of the Congolese Institute for the Conservation of Nature (ICCN), on Monday August… Read More Here
Oil and gas blocks: Kinshasa and Washington decide to set up a task force on climate change 7 Oil & Gas Mining in DRC 

Oil and gas blocks: Kinshasa and Washington decide to set up a task force on climate change

admin
The oil and gas blocks offered for sale by the Congolese government were also discussed during the stay of the American Secretary of State in the Democratic Republic of Congo. Despite this project, the head of Congolese diplomacy Christophe Lutundula wanted to reassure his counterpart and public opinion that the DRC is not going to abandon its commitments to be a solution country in the protection of the environment and the fight against climate change. This is how the two parties agreed on the establishment of a working framework that will… Read More Here
DRC: 12 civil society organizations call on Félix Tshisekedi to postpone the auction of 27 oil blocks and 3 gas blocks 8 Mining in DRC Oil & Gas 

DRC: 12 civil society organizations call on Félix Tshisekedi to postpone the auction of 27 oil blocks and 3 gas blocks

admin
Twelve (12) civil society organizations grouped within the “Dynamique POLE” seized the President of the Republic, Félix Tshisekedi about the auction of 27 oil blocks and 3 gas blocks, initiated by the Government.  This civil society platform alerts the Congolese Head of State to the country’s risk of indebtedness given the great probability of a drop in demand for hydrocarbons before the production of crude which, according to their research, will not arrive in 10 to 15 year olds.  During a press briefing, this Thursday, July 28, the Dynamique Pole… Read More Here
DRC: D-Day for the publication of calls for tenders for the acquisition and exploitation of 27 oil and 3 gas blocks 9 Mining in DRC Oil & Gas 

DRC: D-Day for the publication of calls for tenders for the acquisition and exploitation of 27 oil and 3 gas blocks

admin
The Government of the Democratic Republic of Congo (DRC), through the Ministry of Hydrocarbons, will officially launch, this Thursday, July 28, 2022, the first phase of calls for tenders relating to the allocation to investors of 27 oil and 3 gas blocks located on Lake Kivu. With considerable potential, the crude oil resources of the DRC are estimated at more than 22 billion barrels of oil and 66 billion normal cubic meters of gas located in Lake Kivu. To date, the Democratic Republic of Congo exploits only 4.5% of its… Read More Here
Félix Tshisekedi: "We must exploit our natural resources so that they contribute to improving the living conditions of our populations" 10 Mining in DRC Oil & Gas 

Félix Tshisekedi: “We must exploit our natural resources so that they contribute to improving the living conditions of our populations”

admin
The Head of State of the Democratic Republic of Congo (DRC), Félix Tshisekedi, proceeded, this Thursday July 28, 2022, in Kinshasa, to the official launch of the calls for tenders for the acquisition and the exploitation of 27 blocks oil and 3 gas blocks located in Lake Kivu as selected by the Congolese Government. In his speech, President Félix-Antoine Tshisekedi spoke of the need to eliminate the gap that exists between the natural potential available to the country and the conditions in which the Congolese population lives. To this end,… Read More Here

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