Brent crude futures were down $0.40, or 0.5%, to $78.07 a barrel at 1005 GMT and West Texas Intermediate crude was also down $0.40, or 0.5%, to 73. .46 dollars per barrel. “Oil investors should be cautious ahead of the US CPI and China economic data series later this week,” CMC Markets analyst Tina Teng said of inflation data due to be released next Wednesday. Friday’s data pointed to the lowest job gains in two
The price of a Brent barrel for delivery in September closed at $78.31 dollars yesterday in London, after closing at $76.52 dollars the previous day. Oil also closed higher, with WTI advancing over 2.0 percent in the return of electronic trading during the U.S. holiday on Tuesday, the 4th. Investors followed news about the seminar of the Organization of the Petroleum Exporting Countries and allies (OPEC+), in which the cartel reaffirmed its commitment to support
The Minister of Mineral Resources, Oil and Gas presents today July 6th, in Vienna, Austria, the Executive’s strategic plan for the development of the oil industry and the energy transition in the country. Diamantino Azevedo presents this plan during a Ministerial session on the paths to energy transition, as part of the program of the 8th OPEC International Seminar, which takes place under the motto “A smooth and inclusive energy transition”, which brings together delegations from
The Angolan oil company ACREP will produce gas, from the 4th quarter of 2025, to generate electricity with the aim of supplying Cabinda province, revealed yesterday in Luanda, the director for Investor Relations, Pedro Sebastião. With this project, the second largest private oil company in Angola wants to contribute to increasing the supply of electricity levels in the northernmost region of the country, which is also known as the land of oil and wood. Interviewed
A total of 200 young people managed, last weekend, in Luanda, their first job, in the oil and banking sectors, at the Recruitment Fair, organized by Elite Recrutment Angola, which had the participation of 22 companies and more than 40 thousand applicants. The director general of Elite Recrutment Angola, Miguel Vieira, said in an interview with Jornal de Angola that the company he runs promoted the Recruitment Fair with the aim of contributing to the
The Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, met, Tuesday June 27th, with the Secretary of State of the Ministry of Foreign Affairs, Erling Rimestad, to deepen relations between Angola and Norway, in the field of hydrocarbons and energies . On the occasion, the portfolio holder reviewed the situation of the Oil and Gas sector and the country’s commitment to transparency in the extractive industries, making financial resources affect the populations more and more
Global oil and gas company TechnipFMC has been awarded a contract by Azule Energy – a joint venture between oil and gas supermajors, Eni and bp – to supply subsea production systems for the Block 18 Infills development, offshore Angola. Announced on 26 June, the contract will involve the mobilization of between $75 million and $250 million and will see TechnipFMC design and manufacture subsea trees, a manifold, subsea distribution equipment, topside controls and spearhead the engineering, procurement
Angola’s national concessionaire the National Oil, Gas and Biofuels Agency (ANPG) signed four direct concession contracts for the production of oil blocks in the onshore Kwanza Basin. Poised to increase exploration activity and production in the southern African country’s onshore acreage, the concession involves Blocks KON 2/11/12 and 16 and will serve to encourage the participation of small- and medium-sized companies within Angola’s oil and gas space. Concession Contracts Bolster Upstream Activities The signed concession
Lucapa Diamond’s 40%-owned Lulo alluvial diamond mine, in Angola generated $10.7 million from four stones auctioned at the just-ended online rough diamond tender conducted by SODIAM. The revenue realised from the Lulo stones accounted for almost half of the $21.7 million generated from the tender. SODIAM tendered 36 single stones in total. The Angolan national diamond trading company supplied no additional information about the sizes of the four Lulo diamonds other than that they were
A delegation from the Ministry of Mines and Energy of Namibia has visited the offices of ENDIAMA-E.P, with the aim of exchanging experiences to make the diamond subsector increasingly dynamic and attractive. The meeting was guided by the President of the National Diamond Company of Angola, Ganga Júnior, who also discussed with the Namibian delegation issues related to the exploitation of diamonds in the sea, an activity already developed by Namibia. Miina Gahutu, Director of
