You are Here

Category: Local

Diamonds Local News

New Headquarters of the African Diamond Producers Association Inaugurated in Luanda

The headquarters of the African Diamond Producers Association (ADPA) was officially inaugurated in Luanda on Thursday by Angola’s Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo, and his Zimbabwean counterpart, Winston Chitando. According to Azevedo, the delivery of ADPA’s new headquarters fulfills the Angolan government’s commitment to providing suitable facilities for the association. “Today, we are formally handing over the ADPA headquarters, the result of joint efforts by three Angolan ministries, namely the Ministry

Loading

Read More Here

Diamonds Local News

Angola’s Mining Minister Calls for Greater Attention to Global Diamond Market Challenges

Angola’s Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo, emphasized the need for heightened attention to the challenges currently facing the global and African diamond industry. Speaking at the inauguration of the new headquarters of the African Diamond Producers Association (ADPA) in Luanda, Azevedo pointed to falling natural diamond prices, competition from synthetic diamonds, and increased pressure for diamond traceability as key issues affecting the sector. “We must adapt to this new landscape and

Loading

Read More Here

Corporate News Diamonds Local

Angola’s SODIAM to Auction 36 Special Diamonds Online

Angola’s National Diamond Trading Company (SODIAM) will auction 36 special diamonds, weighing approximately 10.80 carats, in an online bidding process from March 5 to 12, 2024. According to a press release cited by Lusa, the auction is being organized in collaboration with Trans Atlantic Gem Sales. The auction will feature diamonds from several mines, including Luele (12 stones), Catoca (11), Kaipexa (6), Lulo (3), Chitotolo (2), Tchegi (1), and Somiluana (1). Bidding will close at

Loading

Read More Here

Corporate News Local Oil

TGS Completes Reprocessing of 3D Seismic Data in Angola’s Block 16

Energy data and intelligence company TGS, in partnership with Angola’s upstream regulator, the National Oil, Gas & Biofuels Agency, has completed the reprocessing of the GeoStreamer MC3D seismic dataset for Block 16 in the offshore Lower Congo Basin. Covering 3,684 km², the dataset enhances imaging capabilities beyond the initial survey, enabling a more detailed evaluation of deeper target plays in both post-salt and pre-salt sections. The reprocessed data also partially covers marginal fields such as

Loading

Read More Here

Corporate News Local Oil

Sonangol Reaffirms Plan for IPO to Strengthen Growth and Competitiveness

Angola’s national oil company, Sonangol, has reaffirmed its plan to launch an Initial Public Offering (IPO), offering 30% of the company’s shares to the public. This partial privatization aims to raise capital to support Sonangol’s exploration and production projects, as part of the government’s broader efforts to transform the company into a competitive upstream player. Although the IPO was initially scheduled for 2022, Sonangol CEO Sebastiao Martins confirmed that the company is now taking the

Loading

Read More Here

Corporate News Local Mining Projects

Pensana Champions Sustainable Rare Earth Mining in Angola

London-listed rare earths miner Pensana is committed to environmentally sustainable and socially responsible mining, says Chairperson Paul Atherley. Speaking to BBC Radio 4, he emphasized that mining can uplift communities without harming local ecosystems. “Africa should benefit from its resources without destroying local environments or the fabric of society,” Atherley stated, affirming Pensana’s adherence to high international standards in Angola and the UK. Pensana minimizes environmental impact by using hydroelectric power and limiting mining depth

Loading

Read More Here

Local News Transport and Logistics

Huambo Province Hosts Investment Opportunities Forum Along the Lobito Corridor

The Huambo province hosted the Investment Opportunities Forum along the Lobito Corridor on the 21st of the month. The event, held at the Journalist Training Center (CEFOJOR) in Huambo, provided participants with the opportunity to learn how the Lobito Corridor could drive business in sectors such as Transport, Energy, Trade, Industry, and Agriculture. Also known as the Benguela Railway (CFB), this transportation route represents a vital connection between inland Africa and the Atlantic Ocean, including

Loading

Read More Here

Oil Economy Local News

Angola’s Oil Production Surges in January Exceeding Expectations

Angola’s oil production in January reached 32.6 million barrels, averaging 1.0 million barrels per day (BOPD)—a 2.8% increase compared to the previous month. According to the National Agency for Petroleum, Gas, and Biofuels (ANPG), which released its monthly report on Wednesday, associated gas production during the same period amounted to 85.476 billion cubic feet, with a daily average of 2.757 billion cubic feet (MMSCFD). Of this daily output: The report highlights that barrel of oil

Loading

Read More Here

Local Transport and Logistics

Minister Ricardo Dismisses Claims of U.S. Withdrawal from Lobito Corridor Funding

Angola’s Minister of Transport, Ricardo d’Abreu, has refuted circulating reports claiming that the United States has withdrawn funding for the Lobito Corridor. Speaking to Angop on Friday in Huambo during the Investment Opportunities Forum along the Lobito Corridor, d’Abreu clarified that the project is being developed through private investment by its concessionaire and shareholders. “Funding for the Lobito Corridor is not solely dependent on the United States,” he emphasized. He recalled that former U.S. President

Loading

Read More Here

Corporate News Exploration Local Oil

Angola Signs Oil Exploration Agreement with TotalEnergies and ExxonMobil

The National Agency of Petroleum, Gas, and Biofuels (ANPG) has signed an agreement to assess the potential of free areas in Block 17/06 and Block 32/21. The agreement, signed on Friday, the 14th, involves TotalEnergies and ExxonMobil, marking a renewed effort to explore Angola’s fossil fuel resources. The signing ceremony was attended by ANPG Chairman Paulino Jerónimo, TotalEnergies’ General Director Martin Deffontaines, and ExxonMobil’s General Director Katrina Fisher. Jerónimo emphasized the agency’s commitment to fostering

Loading

Read More Here

1 2 3 4 5 … 90
en English pt Portuguese