You are Here

Category: International

International News Petroleum

Petrobras gives up selling 3 oil fields and subsidiary in Argentina

Petrobras, a Brazilian state-owned oil company, decided to end the divestment processes at the Urucu, Bahia Terra and Campo de Manati hubs.  The order, which also involves Petrobras Operaciones SA (a subsidiary of the state-owned company in Argentina), was communicated on 4th September and takes into consideration “the strategic adherence to the portfolio, as well as the profitability profile”, according to Carta Capital, citing the company. The decision tends to impact Petrobras’ Exploration/Production and Gas/Energy

Loading

Read More Here

Gas International Mining Oil Petroleum

5 Reasons to Invest in Guinea-Bissau

Guinea-Bissau represents both a unique and highly strategic investment opportunity. As a relatively undeveloped energy market, the country is positioned in close proximity to large-scale oil and gas developments in neighboring Senegal and Mauritania. High-impact regional discoveries made in recent years have emphasized the potential of offshore acreage while untapped domestic renewable energy resources coupled with favorable investment terms highlight the attractiveness of investing in Guinea-Bissau. Untapped Mineral Reserves Guinea-Bissau is believed to have approximately

Loading

Read More Here

Diamonds International

Sustainable Diamonds Disrupt Prices in Diamond Market

One of the world’s most popular types of rough diamonds has plunged into a pricing free fall, as a growing number of Americans choose engagement rings made from lab-grown stones instead. Diamond demand across the board has weakened after the pandemic, as consumers splash out again on travel and experiences, while economic headwinds eat into luxury spending. However, the kinds of stones that go into the cheaper one- or two-carat solitaire bridal rings popular in

Loading

Read More Here

Diamonds International News

Gem Diamonds swings to $1m loss in H1

London-listed Gem Diamonds has posted a loss a share of $0.07 and lower underlying earnings before interest, taxes, depreciation and amortisation of $8.4-million for the six months ended June 30, on the back of a downturn in the rough diamond market. This compares with the earnings a share of $0.027 and underlying Ebitda of $20.9-million posted for the prior comparable six months of 2022. The company’s attributable loss came to $1-million for the six months under review,

Loading

Read More Here

International News Oil Petroleum

Qatar, Sonatrach Collaborate on Petrochemical Complex in Algeria

Qatari-based diversified business conglomerate Power International Holding is exploring a partnership opportunity with Algerian National Oil Company Sonatrach for the development of a petrochemical facility in Algeria. The facility will produce raw materials such as butene and polybutene. A delegation from Power International Holding is expected to visit Algeria to discuss the partnership in early September 2023. Mohammed Arkab, Minister of Energy in Algeria, stated that, “Sonatrach is ready to work with Power International to achieve that project, which

Loading

Read More Here

Energy International

Mozambique: Plan revived to build second Cahora Bassa hydroelectric plant

Mozambique’s Hidroeléctrica de Cahora Bassa (HCB), one of the largest independent energy producers in southern Africa, has said that it is considering the “reactivation” of a project to build a new power plant, to the north of the original hydroelectric dam, in view of growing demand for electricity in the region. “In the long term, the company is conducting strategic reflections with a view to reactivating the Cahora Bassa North project, to meet the growing

Loading

Read More Here

International News Petroleum

Nigeria’s Effort to Revive Refineries, Halt Fuel Imports

Nigeria’s new oil minister stated last week that the country expects all four oil refineries to be ready by the end of the year, with the southern Port Harcourt facility possibly beginning operations as early as December. The Port Harcourt refinery will begin processing oil by the end of 2022, the government announced last year. However, NNPC Ltd executives and succeeding oil ministers have launched a number of fruitless plans to restart, remodel, or enlarge

Loading

Read More Here

International News Petroleum

EU Turns to Africa for Sustainable Aviation Fuel Projects via Global Gateway Fund

An EU official revealed that the EU is exploring Africa to support clean jet fuel projects under its Global Gateway infrastructure fund in advance of an expected surge in demand for ecologically friendly air travel. A competitor to China’s Belt and Road Initiative, the EU has promised to devote half of its 300 billion euro ($324 billion) infrastructure plan to Africa. The spokesperson claimed that the fund is now investigating sustainable aviation fuel (SAF) and

Loading

Read More Here

International News Oil Petroleum

Nigerian Army Attacks Crude Oil Boat Bound for Open Seas

The Niger Delta region’s illicit oil refineries were bombarded with air raids on Sunday, according to the Nigerian air force. The Nigerian army claimed to have attacked a boat carrying crude oil and heading for open seas, as well as many illegal locations in the oil-rich state of Rivers. Although aircraft bombardments are rare, Nigeria has been actively combating oil thieves in the Niger Delta by destroying crude-laden ships and tiny illicit refineries. The majority

Loading

Read More Here

Gas International News

Algerian LNG Attracts Interest from Bangladesh

Bangladesh has expressed strong interest in importing Liquefied Natural Gas (LNG) from Algeria, given the country’s rising energy demands. During a meeting with his Algerian counterpart Ahmed Attaf, Bangladesh’s Foreign Minister Dr. Ak Abdul Momen emphasized the critical significance that partnerships between the two countries may play in properly tackling this energy crisis.  As such, Algeria and Bangladesh are actively developing a time-bound plan to strengthen collaboration, particularly in growing areas of mutual interest. In addition to LNG, areas of

Loading

Read More Here

1 … 192 193 194 195 196 … 232