Local - Angolan Mining Oil & Gas

Oil Sector Embraces Equality: Level Playing Field for National and Foreign Companies

2, August, 20232, August, 2023

National oil companies must now compete on an equal footing with foreign companies, complying with all recruitment, training, integration, and local development rules imposed by the Ministry of Mineral Resources, Petroleum, and Gas (MIREMPET). The statement was made by the Secretary of State for Mineral Resources, Jânio Corrêa Victor, during the opening of the celebration of the first program contracts with seven out of 1,540 registered national companies. This event marks the implementation of Presidential

Read More Here

Economy Local News

Crude oil prices fell yesterday after a month of recovery.

2, August, 20232, August, 2023

In July, investors had bet on the restriction of global supply and an increase in demand in the second half of the year. On August 2, 2023, at 12:30 PM, futures prices for Brent, the benchmark for Angolan oil sales in October, were trading at $84.86 per barrel during the London market session, a decrease of 57 cents from the previous day. Meanwhile, West Texas Intermediate (WTI) dropped to $81.21 per barrel, down 59 cents

Read More Here

Local News Oil Renewable Energy Technology & Innovation

Angola’s Sonangol Research Center Nears Completion

2, August, 20232, August, 2023

Angola’s National Oil Company (NOC), Sonangol, is nearing the completion of its Research and Development Center, with the construction of the training facility set to be complete by September 2023. To date, construction is 92% complete. Located near the city of Sumbe in Cuanza Sul, the Research and Development Center will provide specialized training for the local Angolan population in key areas such as oil and gas, mineral studies, renewable energies – with a focus

Read More Here

Energy Local News Technology & Innovation

World’s Longest Undersea Connectivity Cable Arrives in Angola

2, August, 20232, August, 2023

Angolan telecommunications company Unitel Angola has announced that the ‘world’s longest’ undersea connectivity cable has arrived in the southern African country. Dubbed ‘2Africa’, the submarine cable will be operated by Unitel Angola as part of a consortium comprising international telecommunications companies, including China Mobile International, Meta, Mtn Global Connect, Orange, center 3, Telecom Egypt, Vodafone/Vodacom, and Wiocc. The project will provide connectivity between Africa, Europe, and Asia, enabling access to the internet and other telecommunications

Read More Here

Economy Local News Oil

Program Contracts Bolster “Angolanization” of the Oil Sector

1, August, 20231, August, 2023

The process of increasing Angolan participation in the oil sector took another step on Tuesday with the signing of program contracts with seven national oil companies, totaling 1,540 registered firms. Speaking at the signing ceremony of these contracts, the Secretary of State for Mineral Resources, Jânio Victor, mentioned that out of the 1,540 Angolan companies, two are operators. He emphasized that the Angolanization process in the sector has surpassed 87%, and it continues to grow

Read More Here

Economy Local News Oil

Decline in Reserves Poses Threat to Oil Price Increase

1, August, 20231, August, 2023

Analysts from JP Morgan said this month that oil reserves – including crude products and fuels – now play a bigger role in determining oil prices than the US dollar because Western sanctions on Russia have accelerated oil trade in other currencies. “We expect stocks to drop relatively aggressively in July, and by the end of August, we should surpass the reserve increases we saw in the first half of the year,” said Christopher Haines,

Read More Here

Local Mining News

Angola wants great lakes minerals to benefit region

31, July, 202331, July, 2023

Angola said the mineral resources from the Great Lakes Region (ICGLR) should contribute to the well-being of the populations and the growth of the economies of the region-based countries. Angola’s stance was expressed by the Secretary of State for Mineral Resources Jánio Correia Victor on Tuesday at the 26th Meeting of the Regional Committee of the International Conference on the Great Lakes Region (ICGLR). Speaking under the topic: fight against the illegal exploitation of Natural

Read More Here

Diamonds Economy Local News

De Beers sees great geological potential in Angola concession sites

31, July, 202331, July, 2023

De Beers says that early data indicate that their two concession sites in the Angolan provinces of Lunda Norte and Lunda Sul have great geological potential. Group spokesperson David Johnson told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that they are looking forward to commencing fieldwork to investigate this further through their joint venture partnership with the state-owned Endiama. Fieldwork will primarily focus in airborne surveys while also preparing for the discovery drilling process. Johnson

Read More Here

Diamonds Economy Energy Local News

Angola and Botswana to Explore New Areas of Cooperation

31, July, 202331, July, 2023

Angola and Botswana are looking at strengthening bilateral relations while exploring new areas of cooperation to support economic growth. The respective Presidencies announced plans to formalize the signing of outstanding memoranda of understandings while inking new agreements in the fields of trade, air services and energy. Angolan President João Lourenço and his Botswanan counterpart Mokgweetsi Masisi agreed to work together to sign the Double Taxation Avoidance Agreement; Bilateral Air Services Agreement; Mutual Legal Assistance Agreement;

Read More Here

« Prev 1 … 79 80 81 82 83 … 96 Next »