Following the July coup in Niger that deposed previous President Mohamed Bazoum, a fellow West African country, Nigeria chose to respond by suspending energy exports to the country. This posed a significant issue in Niger’s power sector, considering that Nigeria supplied 70% of Niger’s electricity prior to the coup. According to a report recently put out by the British news network, BBC, Niger has since then experienced cascading power outages. However, Niger’s response was to
The launch of three mining ventures, including a six-billion-dollar investment in copper prospecting, a scientific collaboration with the United States Geological Survey (USGS), and the imminent opening of the Luaxe diamond mine, marked the commencement of Angola’s 2nd International Conference and Exhibition on the Mining Sector in Luanda. During the event, the executive president of Canada’s Ivanhoe Group, Marna Cloete, announced a substantial investment of six billion dollars in copper prospecting across Angolan provinces Moxico
An initiative for a green hydrogen exploration project in Barra do Dande, Bengo province, is set to commence in 2024, announced President João Lourenço during a panel discussion at the 3rd Luanda Biennale. The endeavor, to be developed in collaboration with Sonangol, the Ministry of Mineral Resources, Oil and Gas, and a German company, aims to cater to the domestic market while exporting green energy to Europe and other global consumers. President Lourenço emphasized the
Angola asserted its commitment to remain within the Organization of the Petroleum Exporting Countries (OPEC) amidst ongoing disagreements over production quotas within the organization. Estêvão Pedro, Angola’s representative at OPEC, stated that the country has no current intentions to exit the organization following the suspension of negotiations on last Wednesday evening. His remarks, made to the financial information agency Bloomberg, came after the postponement of the cartel’s meeting due to disagreements over production cuts, particularly
A memorandum of understanding, which provides for the exploration of copper ores, was signed, last week, by representatives of the Geological Institute of Angola (IGEO) and the American company, United States Geological Survey (USGS), on the sidelines of the II International Conference and Exhibition on the Mining Sector. The territory to be explored is part of the region called the Central African Copper Belt (Copperbelt), located in several provinces of the Republic of Zambia and
A total of 45 companies in the civil construction sector participated, last week, in Luanda, at Projekta, an international fair for equipment and services for civil construction, public works, urban planning, architecture and interior decoration. Bruno Albernaz, president of the Board of Directors of Eventos Arena, the company that organized the event, recalled that this is the first fair in the sector organized after 2019, due to the situation caused by the Covid-19 pandemic. When speaking
Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, declared on Monday 27th November that the Luele Mine, situated in the province of Lunda-Sul, will significantly contribute to the country’s increased diamond output. “This inauguration marks not just the commencement of a diamond mine but the establishment of a legacy characterized by respect, responsibility, and excellence, aiming for a prosperous future for our nation,” emphasized the Minister of Mineral Resources, Oil, and Gas while addressing
Minister of Mineral Resources, Oil, and Gas, Diamantino de Azevedo, stressed the imperative for companies in the sector to engage closely with neighboring communities by initiating social projects that contribute to local development. During the launch of construction for 300 social housing units aimed at resettling families near the Luele mining area in Saurimo, the minister underscored the significance of companies not only fulfilling financial obligations but also assuming social responsibilities and collaborating with local
Oil and gas exploration and production company Rhino Resources Namibia has submitted an Environmental Clearance Certificate application to Namibia’s government to drill up to 10 exploration or appraisal wells in Block 2914 in the southern African country’s offshore Orange Basin. Rhino Resources Namibia and its partners currently hold a Petroleum Exploration License for Block 2914A and is proposing to drill exploration and appraisal wells within the Block to confirm and test the presence of hydrocarbon
Libya’s parastatal National Oil Corporation (NOC) has exported its first shipment of Erawin crude oil. Produced from the Erawin onshore field, the crude oil had been exported through oil and gas exploration company, Zallaf Libya Oil and Gas. Announced on 16 November, the inaugural shipment was estimated at 600,000 barrels and was exported through the Port of Zawiya in northwestern Libya. Production at the Erawin field commenced in March 2023 with an initial production rate
