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Gas International News

Australia Issues New Offshore Gas Exploration Permits to Address Supply Concerns

Australia announced new offshore gas exploration permits for its east and west coast markets on Tuesday, aiming to alleviate concerns about long-term supply gaps as the country transitions away from coal-fired power stations. The center-left Labor government considers gas a critical element in its move towards cleaner energy, despite its commitment to achieving net-zero carbon emissions by 2050. In May, the government supported long-term gas drilling. “As ageing coal generation comes offline in the coming

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Diamonds Local News

Lucapa Diamond Company Sells Six Diamonds for $12.4 Million

ASX-listed Lucapa Diamond Company has successfully sold six diamonds from the Lulo mine in Angola for $12.4 million in a special tender. The diamonds, totaling 447 carats, included five white Type IIa diamonds and one pink diamond. The average price per carat was approximately $27,700. Managing Director and CEO Nick Selby expressed satisfaction with the tender results, stating, “Our alluvial project in Angola consistently delivers exceptional diamonds that remain in high demand across all market

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Local Mining News

Pensana’s Geraldine Tchimbali Nominated for WIM100

Geraldine Tchimbali, the country manager for London-listed Pensana’s Longonjo rare earths project in Angola, has been nominated for the prestigious 100 Global Inspirational Women in Mining (WIM100). This biennial publication, released by Women in Mining UK, celebrates the accomplishments of women in the global mining industry. “[Geraldine] has been an enthusiastic member of the exploration team, contributing to potentially significant discoveries at the Coola project, located 75 km north of Longonjo,” said Pensana Chairperson Paul

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Local Mining News

Pensana Secures Additional Working Capital Through Share Sale

London-listed Pensana has announced that Chairperson Paul Atherley has sold 1.5 million ordinary shares to provide additional working capital for the company. This move follows a £2 million facility made available to the company by two of its directors in March. The proceeds from the sale will be used to contribute £250,000 under this facility, supporting the company while it finalizes its primary fundraising for the Longonjo rare earths refinery project in Angola. To avoid

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International Energy News

Egypt Greenlights AMEA Power’s 2 GW Renewable Energy Expansion Plan

The Egyptian Council of Ministers has approved a significant renewable energy project led by Dubai-based AMEA Power, which aims to connect 2 GW of green energy to Egypt’s grid by summer 2025. This plan includes expanding the Abydos solar project by 500 MW, boosting its total capacity to 1 GW. In addition to the solar expansion, AMEA Power is developing the 500 MW Amunet wind farm in Ras Ghareb, scheduled to commence operations in the

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International Exploration News Petroleum

Mozambique Grants Eni and ENH Concession for Offshore Petroleum Exploration

The Mozambican Government has approved a concession contract allowing Eni Mozambico and Empresa Nacional de Hidrocarbonetos (ENH) to explore and produce petroleum in the Angoche A6-C Offshore Area. This decision, announced by the Council of Ministers, grants exclusive rights to conduct petroleum operations and produce oil from deposits within the concession area, located offshore of Nampula and Zambézia provinces. The concession also includes non-exclusive rights to build and operate necessary infrastructure for production and transportation

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International Energy News

Elsewedy Electric Boosts Tanzania’s Power Output with New Hydroelectric Generators

Egypt’s Elsewedy Electric, in collaboration with The Arab Contractors, has successfully added three additional hydro turbine generators to Tanzania’s national power grid. This expansion boosts the Julius Nyerere Hydroelectric Power Project’s (JNHPP) total power output to 705 megawatts. The milestone was announced by Tanzanian Deputy Prime Minister and Minister of Energy Doto Biteko on July 16 during a site visit to JNHPP. This advancement represents a significant stride toward meeting the country’s electricity needs and

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International Energy

Turkey Secures Exclusive Hydrocarbon Exploration Rights in Somalia

Turkey has signed an agreement granting it exclusive rights to explore and produce hydrocarbons in three blocks in Somalia, further strengthening a relationship that began several months ago. The agreement covers a combined area of 5,000 square kilometers. On Thursday, Turkish Energy and Natural Resources Minister Alparslan Bayraktar and Somalian Petroleum and Mineral Resources Minister Abdirizak Omar Mohamed attended a ceremony in Istanbul to mark the signing of the Hydrocarbon Exploration and Production Agreement. Bayraktar

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News Gas International

Egypt Advances Natural Gas Production with New Drilling in West Delta Fields

Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, along with several petroleum leaders, inspected the development of the West Delta fields in the Mediterranean. The focus was on the offshore drilling of two new natural gas wells at the Raven field, developed by BP. The production from the two wells, West Raven-4 and West Raven, is expected to increase to 200 million cubic feet per day (mmcf/d) of natural gas and 8,000 barrels per

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International News Oil

Dangote Refinery Negotiates Crude Imports to Overcome Supply Challenges

The Dangote Refinery, located on the outskirts of Lagos and built by Africa’s richest man, Aliko Dangote, is the largest in Africa. With a capacity of 650,000 barrels per day (bpd), it aims to reduce Nigeria’s reliance on imported fuels due to the country’s limited refining capacity. Since beginning operations in January, the refinery has struggled to secure enough crude oil despite Nigeria being Africa’s largest oil producer. The country faces issues of theft, pipeline

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