Personalities of Angola, Mozambique and China among the 25 most important in the african oil industry
Plataforma - Macau - 19/11/2020
The President of Angola, the mozambican Minister of Energy and the chairwoman of the chinese banck of Export and Import (EXIM) are among the 25 most prominent figures in the area of oil and gas in Africa, according to an index prepared by the Chamber of African Energy…
'Nothing remained' for Angolans from billions of oil revenue
Lusa - Portugal - 09/11/2020
António Costa Silva on Monday said that Angola had fallen into a “trap” and, of the billions in oil revenues, nothing remained for the Angolan people, 45 years after independence.
António Costa Silva saidthe centralisation of power, which the war…
Petrobras oil production grows 9% in the year despite the pandemic
Folha de S.Paulo - Brazil - 21/10/2020
With the resumption of the economy, refineries also perform well
Despite the pandemic, which led to a reduction in global oil consumption, Petrobras’ production grew 9% in the first three quarters of 2020, reaching the mark of 2.839 million barrels of oil and…
Chinese investors lose more than 1 billion euros in oil futures
Dinheiro Vivo - Portugal - 27/04/2020
The loss is far superior to investors in other countries, because Bank of China froze its accounts.
Venezuela faces biggest oil shortage ever
Plataforma - Lisboa - 24/04/2020
The country has one of the largest oil reserves in the world but refineries are at a standstill and service stations are almost dry…
Covid-19 forces postponement of test well drilling in East Timor
Macauhub - 23/04/2020
The restrictions imposed on the movement of people due to the Covid-19 pandemic has forced Timor Resources to temporarily suspend test drilling in the south of Timor-Leste, the company”s director of operations told Timorese news agency Tatoli.
“We have suspended…
Oil price collapse likely to worsen global economic recession amid COVID-19 pandemic
Xinhua - China - 22/04/2020
The recent collapse of oil prices is likely to cause further recession to the global economy that is already suffering deterioration over the ongoing COVID-19 pandemic, said Egyptian political and economic experts.
Affected by the precautionary measures and lockdowns imposed…
American oil drops to less than $ 13. Lowest since 1999
Plataforma - Lisboa - 20/04/2020
The price of a barrel of American oil today fell 32% to less than $ 13 (about 12 euros), the lowest in two decades, boosted by the retraction in demand and reserves.
OPEC agreement reduces Angolan production to 1.18 million barrels per day
O País - Angola - 18/04/2020
The agreement between the Organization of Petroleum Exporting Countries (OPEC) and countries that are not members of the organization to sustain the recent fall in oil prices should imply a drop in Angolan production to close to 1.1 million barrels per day…
OPEC agreement implies cutting oil production in Angola
MacauHub - 17/04/2020
The agreement between the Organization of Petroleum Exporting Countries (OPEC) and non-member countries to bolster the recent fall in oil prices is expected to lead to a cut in Angolan oil production to around 1.1 million barrels per day.
