You are Here

Category: Local

Local Gas Oil

Minister of Oil and Gas Unveils Falcão Project’s Second Phase Inauguration

Minister Diamantino Pedro Azevedo underscored the significance of Sonangol’s “Falcão 2” Gas Reception and Distribution Unit (URDG) in Soyo, Zaire, marking a crucial stride toward completing the ammonia and urea factory, pivotal components of fertilizer production. Addressing the inauguration of the facility that will process and manage 50 million cubic feet of gas daily, supplied by Angola LNG to fuel the Soyo I Combined Cycle power plant, Minister Azevedo urged the Sonangol and Opaya consortium—tasked

Loading

Read More Here

Local Gas News

Sonangol Advances Natural Gas Use for National Development

Gaspar Martins, Sonangol’s Board Chairman, lauded the Falcão 2 project as a commitment to Angola’s development agenda, emphasizing the strategic use of natural gas for clean energy and raw material in petrochemical endeavors. He underscored the project’s role in fostering an energy transition by curbing gas burning and reducing greenhouse gas emissions. Martins highlighted Falcão 2’s significant contribution, providing 75 million cubic feet of gas to the upcoming “Amofert” fertilizer factory, set to produce 1.2

Loading

Read More Here

Energy Local News

Standard Bank finances Azule Energy workers

Standard Bank of Angola (SBA) and Azule Energy, a consortium that brings together the Angolan assets of the Italian Eni and the British BP in the Energy sector, announced that they had signed, on Monday 11th December , a protocol for the allocation of a set of benefits for the energy company’s staff, with a focus on housing credit. The president of the Board of Directors of the SBA, Luís Teles, indicated in a note

Loading

Read More Here

Mining Gas Local News Oil

First Oil well to be Drilled in Nambile in 2024

The Ministry of Mineral Resources, Oil, and Gas convened a crucial seminar in Moçâmedes since Monday December 11th, focusing on investment prospects within Namibe province’s sector. Notably, this gathering anticipates the imminent commencement of offshore oil exploration. Under the theme “Sustainable Exploration of Mineral Resources, Oil, and Gas,” the seminar concludes today following comprehensive presentations on the province’s potential. The agenda featured an exhibition spotlighting equipment crucial for preventing and managing oil spills during exploration.

Loading

Read More Here

Local News Oil

Oil sales from Angola to Spain doubled to 548 thousand tons in October

Official data from the Spanish energy regulator, CORES, as reported by Bloomberg, reveals a substantial spike in Angola’s oil imports in October, hitting the highest volume since August 2018. This surge saw imports doubling compared to the same period in 2022, reaching a notable 548 thousand tons. Brazil, maintaining its stronghold as Spain’s primary oil provider for the fourth consecutive month, outpaced the United States in October. Post-Brazil, the most significant oil suppliers to Spain

Loading

Read More Here

Local Gas News Oil Petroleum

TotalEnergies Inks Methane Reduction Agreement with Sonangol

French multinational energy corporation, TotalEnergies, signed a cooperation agreement with Angolan national oil company (NOC), Sonangol, during COP 28 in Dubai to support the detection and reduction of methane emissions in Angola’s oil and gas industry. The agreement enables Sonangol to utilize TotalEnergies’ Airborne Ultralight Spectrometer for Environmental Applications (AUSEA) technology – a miniature dual sensor capable of detecting methane and carbon dioxide emissions. Developed by the French major alongside partners Centre national de la

Loading

Read More Here

Local News Renewable Energy

Dar Al-Handasah and Sun Africa Forge Partnership for Renewable Initiatives in Angola and Nigeria

International design and engineering firm, Dar Al-Handasah, entered into a Memorandum of Understanding (MoU) with Sun Africa, a utility-scale renewable project developer and off-grid solution provider, on December 6 at COP28. Under the terms of the MoU, Dar Al-Handasah will offer comprehensive technical support, including design, project management and construction supervision, for Sun Africa’s projects. The collaboration will initially span projects in Angola and Nigeria, with potential expansion across Africa, the Middle East and other

Loading

Read More Here

Gas Local News Oil

New Gas Unit set for Inauguration in Zaire

The Gas Reception and Distribution Unit (URDG) of the Falcão project’s Phase 2, located in Zaire province’s municipality of Soyo, is set to be inaugurated on December 14th by the Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo. URDG’s primary objective is to receive and process natural gas from the Angola LNG plant, catering to various end users such as power generation, fertilizer factories, and petrochemicals. Moreover, this facility aims to expand the industrial

Loading

Read More Here

Energy Gas Local News Oil Petroleum

Azule Energy Joins Global Efforts for Oil and Gas Sector Decarbonization

Azule Energy, an Angolan company, has recently become a signatory to the Global Oil and Gas Decarbonization Charter (OGDC), aligning with efforts aimed at advancing climate action within the oil sector. The OGDC Charter was unveiled during COP28, the International Climate Summit, held in the United Arab Emirates from November 30th to December 12th. With over 50 companies on board, representing 40% of global oil production, this initiative has seen National Oil Companies (NOC) comprising

Loading

Read More Here

Diamonds Local News

Angola Auction Nets $18.2 Million from Diamond Sale Amid Recovering Global Markets

The Government recently concluded an auction, gathering $18.2 million from the sale of eight diamonds. Attended by 25 companies from key diamond markets worldwide, the event saw special productions from various mining companies like Lulo, Somiluana, Chitotolo, and Uari. Originally set to tender 20 stones, the auction featured only 12, with Sociedade Mineira do Uari withdrawing eight stones from the bid. These diamonds, totaling 646.52 carats, were evaluated during sessions at Sodiam’s Luanda facilities. Eventually,

Loading

Read More Here

1 … 48 49 50 51 52 … 83