Exxon Mobil Corp. could invest $15 billion by 2030 if it makes commercial oil discoveries in the Namibe Basin, Paulino Jeronimo, president of Angola’s National Oil, Gas and Biofuels Agency, said in Luanda. ANPG, Exxon and the state-owned Sonangol signed an addendum on Tuesday in blocks 30, 44 and 45 of the Namibe basin to make the exploration of the area more competitive. Exxon will pursue a possible exploration well in 2024 as a result of improved tax terms. The move is part of an effort by the Angolan government to attract investment in the oil sector, which accounts for…
Author: Automotivedealernews.com
Everything changed for Pfaff Motorsports in 2022: campaigning for a new class in GTD PRO and new drivers, both experiencing their first full season in IMSA WeatherTech SportsCar Championship competition. The results, however, were the same, if not more superlative: a championship for the team and drivers from five wins. It’s all new in 2023 for the Toronto-based team, which was recently inducted into the Canadian Motorsports Hall of Fame. Two new Porsche factory drivers, one of whom is looking at his first full season of IMSA, and a new car, the new 992-generation 911 GT3 R. Fortunately, on the…
The 130 MW Malicounda Melec power plant in Mbour. Plant is one of the first public-private partnership projects in West Africa Senegal’s power generation capacity has been boosted with the commissioning of a new power plant powered by heavy fuel oil engines. It was one of the first public-private partnership projects in West Africa, involving the African Development Bank, the Africa50 investment platform, the Infrastructure Development Fund for Africa and Senelec, the Senegal’s state electricity company. The Malicounda plant in Mbour, 85 km south of Dakar, is expected to provide 956 GWh of energy per year and its operator, energy…
While Africa is part of the global transition to low-carbon energy, oil and gas consumption on the continent will increase, at least in the short term. This was observed by Standard Bank’s Energy and Infrastructure Executive Coverage: East Africa Name Kigundu at the African Association of Refiners and Distributors conference at the Century City Convention Center in Cape Town on Tuesday. The decarbonisation plans of international corporations were affecting investment in Africa. There was a decline in investment in the oil sector, but investment in the liquefied natural gas (LNG) sector is likely to increase, it reported. LNG would likely…
All diesel engine vehicles require fuel to run, but problems with your diesel fuel injection pump can have a significant impact on the operation and efficiency of the fuel system. Unless you’re a diesel mechanic, you don’t need to know all the ins and outs of diesel repair and maintenance. That said, all diesel owners should keep in mind some maintenance tips that can keep a diesel vehicle running smoothly. Today we’re going to explain what a diesel fuel injection pump does, some of the common problems associated with pump failure, and how you can prevent injection pump problems. What…
A teenager riding a stolen horse died Tuesday morning after being hit by a car on a Texas freeway. In response to PEOPLE, the Dallas Police Department said the 14-year-old motorcyclist died at the scene of the crash, which occurred around 5:30 a.m. local time in Great Trinity Forest and Julius Schepps Freeway. Two other motorcyclists, ages 16 and 17, were taken to a local hospital for injuries and are currently in stable condition. An investigation confirmed that all three were riding stolen horses. One of the horses died at the scene, while another was euthanized by a veterinarian. The…
If the Black Sea grains deal is suspended, dramatic immediate consequences are unlikely to be felt, Dryad global analyst Krisztina Kocsis told Rigzone. The analyst added, however, that since this is an agreement that aims to maintain a level of cooperation and provide a channel of communication and negotiation between the conflicting parties, its suspension would mean an overall increase in the uncertainty about the operating conditions of the Black Sea and would create a state of commercial volatility. Kocsis also noted that the suspension “would be detrimental to the entire conflict if this opportunity for negotiation is lost.” “The…
PRAGUE/BRUSSELS — Transport Ministers of the Czech Republic, GermanyItaly, Poland, Portugal, Romania, Hungary and Slovakia discussed their push to change the European Union’s proposed vehicle emissions limits on Monday. The proposed Euro 7 law, which EU countries and lawmakers will start negotiating this year, would tighten limits on pollutants harmful to health, including nitrogen oxides. The EU has said the health benefits would far outweigh the costs. But countries, including the Czech Republic, oppose the proposed rules which they say are onerous for the industry. Most have large car manufacturing sectors. An EU official said ministers had discussed the law’s…
The Central Energy Fund (CEF) Group of Companies presented on March 14 an update on the merger of its subsidiaries Petro SA, iGas and Strategic Fuel Fund, to create a single entity called the South African National Petroleum Company ( SANPC). Addressing the Mineral Resources and Energy Portfolio Committee, CEF president They are increasing Noah said that the merger of the three entities entered Phase 2, which focuses on the stabilization of the entity, after the completion of design and operational activities in Phase 1. Noah admits that the merger has been a colossal task, involving the review of thousands…
NEW DELHI: State-owned Hindustan Petroleum Corporation Ltd has signed a branding agreement with the US major Chevron to manufacture and market the latter Caltex brand of premium and proprietary lubricants in India.HPCL will manufacture and market Caltex products under the long-term trademark agreement with Chevron Corporation subsidiary Chevron Brands International LLC. Products will include Havoline and owned by Chevron To work branded lubricants, the company said Monday.Interestingly, HPCL was born out of the nationalization of Caltex, as well as Esso and Burmah Shell — between 1974 and 1976. The lubricants deal, in a way, marks a homecoming for the Chevron…