Articles related to Angola
 
James Howard Kunstler
Thar She Blows!
I’m obliged to file this blog before Robert Mueller’s office releases the name of the first winner in the Russian Election Meddling tribunal indictment lottery. Most of the betting is on Paul Manafort, the Swamp-creature-fixer-lobbyist-grifter who spent his summer vacation of 2016 managing Donald Trump’s election campaign. Before that unfortunate summer internship, Manafort was just a shadier-than-average influence-peddler. It happened that many of his clients were bigshots in foreign lands — Mo
Monday, October 30, 2017
Alasdair Macleod - Finance and Eco.
Oil for gold – the real story
Following an article in the Nikkei Asia Review, which reported China will shortly introduce an oil futures contract priced in yuan, there has been some confusion about what it means. The article pointed out that in combination with existing gold futures priced in yuan, an oil exporter to China contracting to accept yuan could use these two futures contracts to take delivery of physical gold in payment for oil.I was quoted in that article as follows:"It is a mechanism which is likely to appeal to
Sunday, October 15, 2017
Chris Powell - GATA
China sees new world order with its own oil benchmark backed by gold
By Damon Evans Nikkei Asian Review, Tokyo Friday, September 1, 2017 https://asia.nikkei.com/Markets/Commodities/China-sees-new-world-order-w... DENPASAR, Indonesia -- China is expected shortly to launch a crude oil futures contract priced in yuan and convertible into gold in what analysts say could be a game-changer for the industry. The contract could become the most important Asia-based crude oil benchmark, given that China is the world's biggest oil importer. Crude oil is usually priced in re
Tuesday, September 5, 2017
Mike Hewitt - Dollar Daze
  Hyperinflation around the Globe 
Angola (1991-1999) Angola went through the worst inflation from 1991 to 1995. In early 1991, the highest denomination was 50,000 kwanzas. By 1994, it was 500,000 kwanzas. In the 1995 currency reform, 1 kwanza reajustado was exchanged for 1,000 kwanzas. The highest denomination in 1995 was 5,000,000 kwanzas reajustados. In the 1999 currency reform, 1 new kwanza was exchanged for 1,000,000 kwanzas reajustados. The overall impact of hyperinflation: 1 new kwanza = 1,000,000,000 pre-1991 kwanzas.
Sunday, April 23, 2017
Oilprice.com - oilprice.com
The Secret Wealth Of The World's Richest Oil Billionaires
A policy of nationalizing chunks of an economy inevitably creates oligarchs who skim profits off the country's natural resources. As such, you won't be surprised to learn that the largest energy companies in the world are owned and operated by governments, and they include: Saudi Aramco, Russian Gazprom, China National Petroleum Corp. (CNPC), National Iranian Oil Co., Petroleos de Venezuela, Brazil's Petrobras and Malaysia's Petronas. How they're run varies wildly—as does w
Wednesday, April 5, 2017
Andy Hoffman - Miles Franklin
How To Win The “War On Gold”
Oh, the tangled web we weave, when we seek to deceive.  And sometimes, when we actually want to help – particularly when referring to vote-seeking politicians. Case in point, OPEC – which yesterday, pulled off the lie to end all lies in pretending to “cut production,” prompting the “oil PPT”-aided “market reaction it sought.  Thus, enabling it to kick the can a few more months – or perhaps, weeks – before the reality of history’s most oversupplied crude oil market inevitably smashes its elaborat
Friday, December 2, 2016
24hGold - Publicnow
VAALCO ENERGY ANNOUNCES RETIREMENT OF CHIEF EXECUTIVE OFFICER STEVE GUIDRY
HOUSTON - AUGUST 3, 2016 - VAALCO Energy, Inc. (NYSE: EGY) today announced that Steve Guidry, the Company's Chief Executive Officer, will retire from the Company and Board of Directors effective September 1, 2016. Steve joined VAALCO as Chief Executive Officer in October 2013 after having worked for 33 years at Marathon Oil Corporation in a number of senior executive capacities, his last position there being Vice President of Business Development. He was also appointed to VAALCO's Board of Dir
Wednesday, August 3, 2016
24hGold - Publicnow
Interim Results for the six months ended 30 June 2016
SOCO International plc ('SOCO' or the 'Company') INTERIM RESULTS FOR THE HALF YEAR TO 30 JUNE 2016 SOCO, an international oil and gas exploration and production company, today announces its Interim Results for the half year ending 30 June 2016 ('1H2016'). Ed Story, President and Chief Executive Officer, commented: 'SOCO has remained operationally and financially robust throughout the first half of 2016 and has delivered results in line with expectations. Our business model continues to p
Wednesday, August 3, 2016
24hGold - Publicnow
TIN FINALISED: 23-05-16 PUBLISHED: 23-05-16 Tiny ASX Stock to Emulate $478M Neighbour in Ruby Race? Drilling Soon
FINALISED: 23-05-16 PUBLISHED: 23-05-16 The Next Small Cap presents this information for the use of readers in their decision to engage with this product. Please be aware that this is a very high risk product. We stress that this article should only be used as one part of this decision making process. You need to fully inform yourself of all factors and information relating to this product before engaging with it. And now for something completely different. The company we're looking at tod
Tuesday, August 2, 2016
24hGold - Publicnow
TIN FINALISED: 23-05-16 PUBLISHED: 23-05-16 Tiny ASX Stock to Emulate $478M Neighbour in Ruby Race? Drilling Soon
FINALISED: 23-05-16 PUBLISHED: 23-05-16 The Next Small Cap presents this information for the use of readers in their decision to engage with this product. Please be aware that this is a very high risk product. We stress that this article should only be used as one part of this decision making process. You need to fully inform yourself of all factors and information relating to this product before engaging with it. And now for something completely different. The company we're looking at tod
Tuesday, August 2, 2016
24hGold - Publicnow
VAALCO ENERGY ANNOUNCES ACQUISITION OF ADDITIONAL WORKING INTEREST IN THE ETAME MARIN PERMIT OFFSHORE GABON
HOUSTON - AUGUST 1, 2016 - VAALCO Energy, Inc. (NYSE: EGY) today announced that it has signed a purchase and sale agreement to acquire an additional 3.23% participating interest in the Etame Marin Permit located offshore of the Republic of Gabon from Sojitz Etame Limited, which represents the full interest owned by Sojitz in the concession. The transaction has an effective date of August 1, 2016. VAALCO is operator of and, prior to the acquisition, owned a 30.35% participating interest (28.1%
Tuesday, August 2, 2016
24hGold - Publicnow
VAALCO ANNOUNCES SECOND QUARTER 2016 EARNINGS RELEASE AND CONFERENCE CALL
HOUSTON - July 29, 2016 - VAALCO Energy, Inc. (NYSE: EGY) today announced that it will issue its second quarter 2016 earnings release after the close of trading on Monday, August 8 and host a conference call to discuss second quarter financial and operational results on Tuesday morning, August 9 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time.) Interested parties may participate by dialing (844) 841-1668. International parties may dial (661) 378-9859. The confirmation code is 58424453. Thi
Saturday, July 30, 2016
24hGold - Publicnow
Key executive management appointment
01042165-ff11-42a8-be56-d8426d22707e.pdf ASX Announcement Key executive management appointment Axiom Mining Limited ARBN 119 698 770 Level 6, 15 Astor Terrace Spring Hill QLD 4000 Australia T + 61 7 3319 4100 [email protected]/* Tuesday, July 26, 2016
24hGold - Publicnow
VAALCO ANNOUNCES CONVERSION OF IFC CREDIT FACILITY TO TERM LOAN
HOUSTON - July 6, 2016 - VAALCO Energy, Inc. (NYSE: EGY) today announced that it has executed an amended and restated loan agreement with the International Finance Corporation (IFC), the lender under the Company's credit facility, to convert the existing $15 million balance under the revolving facility to a term loan. The new agreement provides for quarterly principal and interest payments through June 30, 2019 at a rate of LIBOR plus 5.75%. The loan is secured by VAALCO's offshore Gabon assets
Wednesday, July 6, 2016
24hGold - Publicnow
VAALCO ANNOUNCES AGREEMENT REGARDING REMAINING CONTRACT TERM ON OFFSHORE GABON DRILLING RIG AND PROVIDES OPERATIONAL UPDATE
HOUSTON - July 5, 2016 - VAALCO Energy, Inc. (NYSE: EGY) today announced that it has executed an agreement with Transocean Ltd. regarding the remaining contract term associated with the Constellation II rig utilized in the Company's recent drilling program offshore Gabon which provides for payment of $5.1 million net to VAALCO's interest for unused rig days under the contract. This amount, plus the Company's share of demobilization charges, will be paid in seven equal monthly installments beginn
Wednesday, July 6, 2016
24hGold - Publicnow
Payments to Governments
SOCO International plc ('SOCO or the Company') Report on Payments to Governments SOCO International plc is an international oil and gas exploration and production company, headquartered in London and traded on the London Stock Exchange. The Company has field development and production interests in Vietnam and exploration and appraisal interests in the Republic of Congo (Brazzaville) and Angola. Value creation for host countries A key component of SOCO's business model is creating value f
Thursday, June 30, 2016
24hGold - Publicnow
AGM Trading and Operations Update
SOCO International plc ('SOCO' or the 'Company') AGM TRADING AND OPERATIONS UPDATE SOCO International, an international oil and gas exploration and production company, issues the following trading and operations update in advance of the Company's Annual General Meeting to be held at 10:00 today. At the meeting, Ed Story, President and Chief Executive Officer, will make a presentation which will be made available on the Company website http://www.socointernational.com. Ed Story, President a
Thursday, June 9, 2016
24hGold - Publicnow
VAALCO ANNOUNCES RESIGNATION OF CHIEF FINANCIAL OFFICER
HOUSTON - MAY 12, 2016 - VAALCO Energy, Inc. (NYSE: EGY) today announced that Don McCormack, the Company's Chief Financial Officer, has resigned effective June 2, 2016 to spend more time with his family and pursue other opportunities. Mr. McCormack's departure was not related to any issues regarding financial disclosures, accounting or legal matters. Steve Guidry, the Company's Chief Executive Officer, commented: 'We appreciate Don's contributions to VAALCO. We thank him for his service and de
Thursday, May 12, 2016
Oilprice.com - oilprice.com
Russia Cries Dyadya (Uncle), Is Saudi Arabia Listening?
In recent days, signs of a possible breakthrough in the year-long stand-off between Russia and Saudi Arabia on crude production strategy have emerged. Saudi Arabia, OPEC's dominant member, has long insisted OPEC (read Saudi Arabia) would not reduce output to balance supply and demand absent corresponding cuts from non-OPEC members (read Russia), while Russia has consistently insisted harsh climactic conditions prevent Russian producers from reducing output and in any case Russia insi
Wednesday, February 3, 2016
24hGold - Yahoo
7:01 am McEwen Mining has regained compliance with the NYSE's continued listing standards regarding the minimum price of its common stock
6:03 pm Voyager Therapeutics promotes Jeff Goater to CFO (VYGR) : Co announces it has promoted Jeff Goater, former senior vice president of finance and business development, to CFO. In this new role, Goater will be responsible for overseeing the company's financial strategy and planning, investor and public relations, corporate operations and business development.Prior to Voyager, Goater spent nearly a decade on Wall Street, most recently as a managing director at Evercore Partners (EVR).5:47
Tuesday, February 2, 2016
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