New Oil tanker ready for operations

Sonangol now has one more vessel for operations to transport crude oil. The naming ceremony for the Suezmax oil tanker takes place today in the city of Mokpo. The president of Sonangol Marine Service, João Almeida, said that the company will no longer charter ships to meet its objectives in this segment. According to João Almeida, it is an oil tanker that increases the fleet, which goes from 9 to 10 ships. João Almeida said

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Sonangol announces business restructuring of PAENAL in Porto Amboim

Sonangol announced, this Wednesday 5th April, the restructuring of shareholders and businesses at the Porto-Amboim Naval Shipyard (PAENAL), a measure aimed at revitalizing it and placing it back among the set of active and profitable units. For the implementation of these measures, Sonangol is working with partners on a “profound” change that could also involve the corporate structure and the definition of a new operating model, which could result in the holding of an international

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Angola open to get help from Namibia in the exploration of sea Diamonds

The Minister of Mineral Resources, Oil and Gas, Diamantino Pedro Azevedo, said Wednesday 5th April that Namibia can help Angola in the exploration of diamonds and uranium from the sea. The announcement was made during a joint declaration by Angola and Namibia, on the sidelines of a technical meeting between the Namibian Ministry of Mines and Energy and an Angolan delegation, headed by the oil minister, who traveled to that country.  In the statement, the

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Women discuss Mining Industry in Luanda

The 1st round table for women in the Mining Industry – positioning, opportunities and challenges was organized in Luanda last Tuesday 4th April by Bumbar Mining, allowing the assessment of the challenges faced by women within the sector. JA Online learned from a note that questions were addressed at the event, including: “How does the Angolan Mining Industry intervene in training staff for the industry’s value chain?; How does the hiring of women currently proceed?

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Government wants greater inclusion of women in the Mining sector

The Secretary of State for Mineral Resources, Jânio Correa Victor, reiterated, Wednesday 5th April, in Luanda, the need for greater dedication from women with a view to overcoming the approximately 12 percent of the workforce in the mining industry. Jânio Correia Victor made these remarks at the opening of the round table under the motto “Women in the Angolan Mining Industry”, organized by Mining Eventos, to awaken a greater interest of women in the geological-mining

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Sonangol to reform Paenal subsidiary

The state-owned company Sonangol, as one of the main shareholders (40 percent), plans to structure its subsidiary, Porto Amboim Estaleiros Navais, Limitada (PAENAL) to increase turnover, based on a new business model adapted to current and future challenges of the group’s market. According to So-nangol, in a press release, this Monday 3rd April, the revitalization will make Paenal once again included in the “set of active units” and increase its turnover.  For the implementation of these

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Angola’s mining industry has only 1,000 women out of 11,000 workers

Endiama’s Executive Director, Ana Maria Feijó, stressed that the institution still has a lot to do so that women are better represented, at a time when they make up only 10 percent of the workforce, that is, in a universe of 11 thousand workers , a thousand are women. “Faced with reality, there has been a certain impediment due to the fact of having many tasks, such as being a mother and a wife, because

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Aviation fuel Affordable since last month

Aircraft refueling on Angolan soil got cheaper this March, compared to February, according to the table published by the Regulatory Institute for Petroleum Derivatives (IRDP) of the Ministry of Mineral Resources, Oil and Gas. The reduction was an average of 30 kwanzas for each reference litre, but which represents, overall, a significant saving for operators. According to the same IRDP table, for this month of April, the Adjustment Reference Price – Platts (PRA) is now

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Oil Price accumulates losses greater than 12%

Brent prices (reference oil for Angolan sales) for delivery and May ended the week accumulating losses of 12.45 percent, under the influence of market fears about the future of the financial sector after the collapse of Silicon Valley Bank (SVB) and Signature Bank, as well as the Credit Suisse liquidity crisis. Last week, Brent ended the day down 2.32 percent to trade at $72.97 a barrel, while West Texas Intermediate (WTI, the benchmark for the

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Norwegian company To Recruit more than 40 Graduates for the Oil industry

The Norwegian company that provides maintenance services for oil tanks, Dof Subsea Angola, has announced for the next few days the hiring and training of around 40 young technicians who have recently graduated and have no professional experience, as part of a partnership with two Angolan universities. The information was advanced last week, in a press conference, by the Executive Vice President of DOF for Africa and Europe Jan-Kristian Haukeland, noting that 50 percent of

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