You are Here

Author: Makungu Coco

Local Diamonds News

Yetwene Mine Set to Ramp Up Production to 19,000 Carats

Sociedade Mineira Yetwene, situated in Lucapa, Lunda-Norte, has unveiled plans to significantly boost its diamond production, aiming to escalate its monthly output from three thousand to an impressive 19 thousand carats starting in the first half of 2024. The acting general director of the company, Bento Augusto, revealed the strategic move, facilitated by the introduction of new processing units. Augusto disclosed that this production expansion has been made feasible through substantial investments in acquiring cutting-edge

Loading

Read More Here

Oil Gas Local News Petroleum

ANPG Signs Lucrative Oil Exploration Contracts to Boost Angola’s Energy Sector

In a pivotal move aimed at bolstering Angola’s energy sector, the National Oil, Gas and Biofuels Agency (ANPG) finalized three significant risk service contracts in partnership with Azule Energy. The contracts, signed in Luanda, mark a strategic venture for the prospecting, research, and exploration of blocks 46 and 47, in collaboration with Equinor and Sonangol Pesquisa & Production. Additionally, a partnership was formed for block 18/15 with the state-owned company, Sonangol. The ceremony, graced by

Loading

Read More Here

International Oil Petroleum

Kenya is set to experience its largest Fuel price drop since 2021

According to The East African news publication, starting Friday, a liter of super petrol will cost Ksh212.36 ($1.39) in Nairobi, up from Ksh217 ($1.42), while diesel will cost Ksh201.47 ($1.31), down from Ksh203.47 ($1.33) in the new monthly cycle, which ends on January 14, next year. This is contrary to an earlier report done on the 22nd of November, which showed that Kenyans were set to face a new wave of energy inflation with an

Loading

Read More Here

International Oil Petroleum

Tanzania: EACOP Launches Main Construction Phase

Representing the start of its main construction phase, the East African Crude Oil Pipeline (EACOP) received its first 100 km-line of pipe at the Port of Dar es Salaam last week. Tanzanian logistics provider and partner to EACOP, SuperDoll, hosted a ceremony that united the project’s key stakeholders. Shareholders include TotalEnergies (62%), the Uganda National Oil Company (15%), the Tanzania Petroleum Development Corporation (15%) and the China National Offshore Oil Corporation (8%). Set to transport crude oil

Loading

Read More Here

International Energy Gas Oil

US Steps Up Support for Libya’s Energy Sector Expansion

The US is stepping up its support for diversified energy development in Libya, specifically targeting the modernization of its oil and gas sector, enhanced transparency and improved service delivery. In a bid to bring American companies into the Libyan market, the U.S. Embassy in Tripoli and US Agency for International Development (USAID) have made recent commitments to establishing a business-enabling environment, improving fiscal transparency and promoting targeted reforms in the country, coupled with a string

Loading

Read More Here

Diamonds International News

Petra reports total third-tender cycle sales of $69.7m

Diamond producer Petra Diamonds has announced the final sales results for its third tender cycle following further sales of 56 600 ct for $9.3-million. This brings total sales for the cycle to $67.9-million from 519 400 ct sold. The final sales results delivered a 19.3% increase in like-for-like prices compared with the second tender cycle. This has reaffirmed the company’s belief that diamond prices have likely bottomed. A further 25 200 ct of goods from

Loading

Read More Here

Diamonds International News

India’s Modi says new Diamond bourse in Gujarat to create 150 000 jobs

India’s Surat diamond bourse will create 150 000 new jobs and become a “one-stop shop” for artisans and businessmen, Prime Minister Narendra Modi said as he inaugurated the new bourse in Gujarat. Surat, in Gujarat state, where Modi originally hails from, cuts and polishes 90% of world’s rough diamonds and the bourse will support its ambition to become the world’s diamond capital. Constructed over 6.6-million square feet, the bourse is touted as the world’s largest

Loading

Read More Here

International Gas Oil

Petronas, Shell, QatarEnergy and TotalEnergies sign Suriname offshore contracts

Four oil and gas giants – Shell, TotalEnergies, QatarEnergy, and Petronas – have inked production sharing contracts (PSCs) with Staatsolie for blocks offshore Suriname, enlarging their presence in the country’s offshore oil and gas industry. These PSCs have been signed for blocks 63, 64, and 65, which were part of the Demerara Bid Round held from November 2022 to May 2023. The contracts from the bids were signed after negotiations with selected partners. The Demerara

Loading

Read More Here

International Renewable Energy

South Africa Launches Bid Round 7 for REIPPP Program

South Africa has launched the seventh bid round for its flagship Renewable Energy Independent Power Producer Procurement (REIPPP) program, targeting the development of 3,200 MW of wind and 1,800 MW of solar PV power. The bid round is part of efforts to establish 14,771 MW of new installed generation and storage capacity, including 9,600 MW of wind and 3,940 MW of solar. According to South Africa’s Ministry of Mineral Resources and Energy, both the seventh

Loading

Read More Here

International Oil Petroleum

10 African countries with the highest daily fuel consumption

Oil means different things to different African countries, but at the end of the day, it plays a big role in shaping the continent’s economy. Some countries see it as a major economic driver, while others rely on it as their main energy source. For instance, countries like Nigeria, Angola, Libya, and Algeria have become major players in the oil industry, shipping out millions of barrels each year. The money from these oil exports plays

Loading

Read More Here

1 … 248 249 250 251 252 … 303