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Category: Oil & Gas

OIl Oil & Gas International 

Oil market buckles under pressure as pandemic shows signs of second wave

admin
Six months after the coronavirus pandemic’s initial punch, signs of a second wave are already emerging in the oil market. China’s buying has slowed after the nation binged when crude was cheap. Some of the largest producers in the Middle East are slashing prices for their barrels, signaling a lack of confidence in the recovery. In the U.S., the world’s most visible market, inventories remain stubbornly high. Global benchmark Brent crude on Tuesday dropped below $40 a barrel for the first time since June. While nobody is predicting a return… Read More Here
Perenco Oil & Gas Mining in DRC 

Sylvestre Ilunkamba had a meeting with a delegation from PERENCO | DRC

arnbethnic
The Prime Minister, Sylvestre Ilunga Ilunkamba, chaired this Thursday, September 3 at the Government building in Kinshasa, a working session which brought together the ad hoc committee devoted to the PERENCO company file.  During his intervention to the press at the end of this hearing, Jean Baudoin Mayo, Deputy Prime Minister, Minister of the Budget indicates that the details and precision as to this will be given in the report of the 47th meeting of the Council of Ministers which will take place this Friday 04 September. “The PERENCO dossier… Read More Here
Perenco Natural gas Mining in DRC Oil & Gas 

DRC government authorizes PERENCO-REP to implement its natural gas exploitation project to produce electricity

arnbethnic
The Council of Ministers of Friday September 4, under the direction of the Head of State, gave its discharge for the realization of the project of PRERENCO-REP to exploit natural gas in order to produce electricity. At the end of this meeting of the government, the Council of Ministers adopted the report of the Commission set up to study this file, giving its approval for: – reaffirmation of the need to carry out the project for the production and marketing of electricity obtained by the transformation of natural gas by… Read More Here
DRC Tshisekedi Oil & Gas Mining in DRC Natural gas 

Tshisekedi has made energy security and investment his top priority

Arnie
The administration of President Félix Antoine Tshisekedi has made energy security and investment its top priority, seeking to get massive hydropower projects off the ground. Surrounded by major African oil & gas producers Republic of Congo and Angola, the Democratic Republic of Congo (DRC) has so far remained relatively absent of Africa’s league of hydrocarbons producers. In 2019, only French independent Perenco produced from the DRC, at an average rate of 25,000 boepd from 11 onshore fields. In this context, the administration of President Félix Antoine Tshisekedi has made energy… Read More Here
LNG Mozambique Oil & Gas 

Total Mozambique LNG – completes nearly $16 billion financing

Copperbelt Katanga News
The Mozambique liquefied natural gas project has closed up to $ 16 billion in funding for a number of banks despite a slowdown in energy investment as the corona virus pounds the global economy. According to the White & Case LLP law firm, which advised the financiers, it is the largest foreign direct investment in Africa to date. The financial closing is scheduled for the end of September. The African Development Bank will provide $ 400 million in senior loans, and the Japanese International Cooperation Bank has signed a loan… Read More Here
Energy Infrastructure 32 Energy Electricity Events & Expos Hydro power plant Oil & Gas 

Investment in (DRC) Infrastructure and Energy is Paramount

arnbethnic
Kinshasa will welcome a broad base of international and African investors to the first ever DRC Energy & Infrastructure Investment Summit, organized by Africa Oil & Power (AOP) (www.AfricaOilAndPower.com), in 2021; the African Energy Chamber is a strategic launch partner and AOP will draw on its network in China, Europe and across Africa, including South Africa, to promote investment in oil and gas, power, mining and infrastructure; the DRC has one of Africa’s largest and most diverse endowments of mineral resources and a need to develop infrastructure nationwide. The event will… Read More Here
lake Kivu Mining in DRC Oil & Gas 

DRC & RWANDA join forces to preserve Lake Kivu’s biodiversity | Methane gas exploitation

arnbethnic
The Democratic Republic of Congo (DRC) and Rwanda are working together to preserve the biodiversity of Lake Kivu, one of Africa’s Great Lakes, located on the border between the two countries. The agreement signed between the two countries aims to control the exploitation of methane gas from this lake to produce electricity and to protect the biodiversity it shelters. The Democratic Republic of Congo (DRC) and Rwanda agreed on May 3rd, 2020 to preserve the biodiversity of Lake Kivu, one of the Great Lakes of Africa, located on the border… Read More Here
Perenco Energy Mining in DRC Oil & Gas Petroleum 

Perenco Oil Company DRC | A Brief Profile

arnbethnic
Perenco is currently the only oil company operating in the Democratic Republic of the Congo (DRC). Since 2000, the company has invested heavily in new wells and has demonstrated on a daily basis the know-how and ingenuity of its teams in a very isolated context. Production 2018 25,000 BOEPD   Activities Perenco operates 11 fields onshore and offshore in the DRC with an average production of 25,000 boepd. The onshore drilling programme started in 2002 and allowed the commissioning of about 25 wells per year. The total gross production is… Read More Here
Angola's kwanza Oil & Gas Petroleum 

Angola’s new budgetary restrictions underline government’s determination to support OPEC

arnbethnic
Angola’s minister of finance H.E Vera Daves signed on April 22nd a ministerial order suspending the implementation of all contracts signed under the Public Investment Programme whose source of funding has not yet been definitively secured. This is one of a number of emergency measures, including a freeze in public sector hiring that was announced in recent weeks in response to the oil price crash and the expected reduction in government revenue for 2020. Minister Daves’ order is in line with Presidential Decree no. 96/20 of April 9th which declared… Read More Here
How cobalt can help produce hydrogen for clean fuel 2 Cobalt Oil & Gas 

How cobalt can help produce hydrogen for clean fuel

Copperbelt Katanga News
  A research team from the Tokyo Institute of Technology created the first visible-light photoanode made of titanium dioxide or TiO2 enhanced with cobalt. The anode is a key element needed to achieve affordable water splitting to produce hydrogen, a clean alternative to fossil fuel. In a paper published in the journal ACS Applied Materials & Interfaces, the researchers explain that photo electrochemical water splitting, the process by which light energy is used to split water molecules into hydrogen and oxygen is a promising approach to obtain pure hydrogen for use as… Read More Here

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