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Category: Mining

Energy Gas Mining Oil

African Energy Chamber (AEC) Lifetime Achievement Award Renamed to Mohammad S. Barkindo Lifetime Achievement Award

The African Energy Chamber renames the African Energy Lifetime Achievement Award to Mohammed S. Barkindo Lifetime Achievement Award in celebration of the late OPEC Secretary General’s dedication in driving socioeconomic developments through energy industrial growth. In honor of the late H.E. Muhammad Sansui Barkindo – oil industry veteran and former Secretary General of the Organization of Petroleum Exporting Countries (OPEC) – the African Energy Chamber (AEC) – the voice of the African energy sector –

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Economy Energy Mining Oil

Oil: Brent opens session higher

Brent oil a benchmark for Angola’s exports, for delivery in November opened up 4.14 percent, to around US$3.69, to US$92.84, in the session. At the close (Friday) it accumulated a weekly loss of 0.19 percent. WTI oil for October advanced 3.89 percent to $3.25 in the session, at $86.79 a barrel, but had a slight drop of 0.09 percent for the week. Against this backdrop, crude oil futures closed up about 4 percent on Friday,

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Economy Energy Gas Mining Oil

Golar LNG to Shape Gas Midstream Dialogue as a Bronze Sponsor at the African Energy Week (AEW) 2022

Golar LNG will be coming to Cape Town to shape high-level discussions around how Africa can improve infrastructure for gas production, processing and transportation as a bronze sponsor at AEW 2022 Liquefied natural gas (LNG) projects present a massive opportunity for Africa to exploit, trade and monetize its vast natural gas resources to address energy security and fuel economic growth. The African Energy Chamber (AEC), as the voice of the African energy sector, is committed

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Economy Energy Gas Mining Newsletter

Biggest Names in Oil, Gas and Energy Confirmed for Africa Oil Week 2022

Supermajors, International Companies among those Committed to the Home of the African Upstream Only at AOW 2022 Africa Oil Week (AOW) (https://Africa-OilWeek.com) is proud to announce the biggest names from across the oil, gas and energy value chain will be attending the Home of the African Upstream, AOW. With an incredible line-up of hundreds of companies registered so far, AOW promises to deliver game-changing, deal-making opportunities for its attendees. Many world-leading Upstream organisations have been

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Diamonds Energy Gas Mining Oil

Sasol Confirmed as Diamond Sponsor for African Energy Week 2022

Africa’s vast hydrocarbon resources present an opportunity for the continent to secure its energy supply, improve energy access and drive socioeconomic development. With the continent’s oil and gas industry rapidly expanding owing to increases in energy demand across the continent and at globe scale, the role local energy companies play in driving energy developments continues to expand. Global chemicals and energy company Sasol will be returning to this year’s edition of the African Energy Week

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Economy Energy Gas Mining Oil

African Energy Chamber Urges United States (US) to Lift South Sudan Oil Sanctions (By NJ Ayuk)

Investments in oil and gas projects have decreased, and the sanctions have dampened interest in the country’s first licensing round Four years have passed since the U.S. imposed sanctions on South Sudan’s oil industry. The goal had been to prevent oil money from funding the civil war that had been raging since 2013. By curtailing the ability of businesses and organizations to provide revenue for the South Sudanese government, U.S. officials reasoned, they could pressure

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Economy Energy Mining Oil

Brent traded below $90

The barrel of Brent oil, a reference for Angolan exports, for delivery in November, traded yesterday until close to market closing time, at US$85.3, falling for the first in the last six months to below US$90. At the start of the session, the price of a barrel of Brent oil was fixed at 92 dollars, but on Tuesday, deliveries for November closed, in the London futures market, down 3.04 percent, to 92 .83 dollars. Fears

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Economy Energy Gas Mining Oil Petroleum

Brent oil for November delivery drops to $92.83

The price of a barrel of Brent oil, which serves as a reference for Angolan exports, for delivery in November ended this Tuesday on the London futures market down 3.04%, to US$92.83. Fears of a decrease in demand for oil, following a global economic slowdown, weighed on Brent trading. This scenario offset the upward momentum registered on Monday and motivated by the decision of the Organization of Petroleum Producing Countries (OPEC), led by Saudi Arabia

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Diamonds Economy Energy Mining

160 carat diamond discovered

The Australian company Lucapa Diamond Company announced this Monday that it had discovered a 160-carat diamond in the same block from which it extracted the “Rosa do Lulo”, the 170-carat diamond discovered at the time in early August, having been considered the largest of this hue, found in 300 years. The new diamond, white, with superior quality of type IIa, is the 28th with more than 100 carats to be extracted from the Lulo Mine

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Diamonds Economy Mining

New 160-carat diamond discovered in Lucapa

A diamond over 150 carats was discovered in Lucapa, in the province of Lunda Norte, announced today the Lucapa Diamond Company, advances Agência Lusa. In the same block where the “Rosa do Lulo” was recently mined, with 170 carats, this becomes the sixth largest found in the mine in Capenda, Camulemba. According to the same source, the new diamond is white, with superior quality of the Ila type and is the 28th with more than

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