TotalEnergies SE is targeting 2024 to approve the development of a liquefied natural gas (LNG) import terminal in Mozambique, aimed at helping users in neighboring South Africa avert a potential gas supply crisis. The Matola LNG project, near Mozambique’s capital, Maputo, is expected to supply gas to South Africa by the end of 2027, according to Gigajoule, a partner in the development. This timeline coincides with the scheduled end of gas supplies from Sasol Ltd.’s
On October 16, the headquarters of Caixa Social de Catoca was inaugurated, an event attended by representatives from the Ministry of Mineral Resources, Oil and Gas, Endiama EP, senior management of Sociedade Mineira de Catoca, as well as individuals from the diamond subsector and other guests. The Social Fund of Catoca will serve as a complementary social protection mechanism aimed at addressing the most pressing needs of workers and former employees, particularly in areas related
De Beers Group’s GemFair program has achieved a significant milestone by purchasing its 10,000th diamond since its inception in 2018. The program focuses on responsible sourcing within the artisanal and small-scale diamond mining sector, supporting the formalization of the industry by improving standards, ensuring fair value, and providing secure routes to market for ethically sourced diamonds. Since launching, GemFair has expanded from 14 participating mine sites to over 400, collectively supporting more than 6,000 jobs.
Botswana Diamonds has obtained a prospecting permit covering five kimberlite bodies in the Marsfontein region of South Africa, known to contain diamonds. This 900.67-hectare permit surrounds the historic Marsfontein diamond mine. The permit includes kimberlites M2, M3, M7, M8, and M9 and is adjacent to the company’s Thorny River properties in Limpopo province. The main focus is on the M3 kimberlite, which has a strike length of 100 meters and widths exceeding 10 meters in
Angola’s national oil company, Sonangol, is on track to achieve a national production quota of 10% by 2027, aiming for an output of 80,000 barrels of oil per day across its more than 35 concessions. This announcement was made by Sebastiao Martins, Sonangol’s chairman, during the opening ceremony of the 5th Angola Oil & Gas Conference (AOG) 2024 in Luanda. Martins stated, “The projects we are currently undertaking are designed to reach this production level
PetroWorld, a Dubai-based oil company, is set to open a lubricants factory in Angola early next year, with an estimated creation of approximately 20,000 jobs. The new facility will have a production capacity of around 10,000 liters of lubricants per day. Evandro dos Santos, PetroWorld’s Operations Director, announced the initiative during the fifth Angola Oil & Gas conference held last week in Luanda. The project is expected to cost $5 million, with a total funding
Nina Birgitte Koch, Vice President for Africa at Equinor, has commended Angola’s initiatives to revitalize older oil wells and reverse declining production, calling the measures “very positive” and “unusual” for the oil industry. Speaking to Bloomberg on the sidelines of a conference in Cape Town, Koch emphasized that Angola’s proactive approach is unlocking previously inaccessible resources. The measures implemented by the Angolan government aim to encourage extraction from older and marginal wells, which is helping
Angolan President João Lourenço acknowledged the severity of the global climate crisis while emphasizing the right of hydrocarbon-producing countries to develop their resources for the benefit of their citizens. Speaking at the opening of the 5th Angola Oil & Gas (AOG) conference in Luanda, Lourenço stressed the importance of balancing resource development with environmental responsibility. He recognized the harmful effects of climate change but underscored that hydrocarbon-producing nations, like Angola, should continue to develop their
Angola’s state-owned diamond marketing company, Sodiam, announced the electronic auction of 44 special diamonds, each weighing approximately 10.80 carats. The evaluation sessions will take place from October 7th to 16th, with bidding set to close at 10:00 am local time on the final day. According to Sodiam’s statement, the auction is being organized in collaboration with Trans Atlantic Gem Sales and is open to customers in Sodiam’s database with expertise in trading special stones. Viewing
Eni SpA has garnered substantial interest for its upcoming floating liquefied natural gas (LNG) project in Mozambique, even as international lenders face increasing pressure to reduce investments in fossil fuels. Luca Vignati, Eni’s director of upstream operations, revealed in a recent interview that the new project is expected to cost around the same as the $7 billion Coral South plant, which was inaugurated in 2022. Vignati indicated that investment decisions for the new LNG plant
