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Local Energy Gas News Oil

Angola’s Energy Sector Thrives Despite Global Challenges

Angola’s energy sector continues to demonstrate resilience and potential, as highlighted by recent reports from the Ministry of Mineral Resources, Oil and Gas (MIREMPET). In the first quarter of 2024, the country exported a significant volume of Liquefied Natural Gas (LNG), Liquefied Petroleum Gas (LPG), and condensates, totaling 966,394 metric tons, generating revenue of $393.6 million. While these figures represent a slight decrease compared to the previous quarter, they underscore the ongoing strength of Angola’s

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Local Economy News Transport and Logistics

USAID Invests $5 Million in Women’s Projects Along the Lobito Corridor

The United States Agency for International Development (USAID) has announced a $5 million investment in projects benefiting women along the Lobito Corridor, aiming to uplift communities and combat poverty. Samantha Power, the administrator of USAID, visited Benguela and Lobito to underscore the impact of ongoing programs in the region, particularly in agriculture, which are expected to alleviate hunger and poverty for thousands of people. She highlighted the expansion of the Women in Angolan Agriculture (WAF)

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Local Economy News

BODIVA moves 1.19 billion kwanzas in the first three months

The Angolan Debt and Stock Exchange (BODIVA) registered, in the first quarter of 2024, 1.19 billion kwanzas in negotiations, in a bilateral and multilateral environment, according to the institution’s Dashboard. Data from Bodiva’s Monthly Report indicate that the Reporting Operations Market (MOR) registered greater movement, with a volume of 1.03 billion kwanzas. The value negotiated in the first three months of this year was above that recorded in the same period of 2023, which was

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International News Oil Petroleum

Niger and Mali Forge Diesel Supply Pact for Energy Security

Niger and Mali have entered into a landmark agreement aimed at bolstering Mali’s energy security through the provision of affordable diesel. Under the deal, Niger will supply 150 million liters of diesel to Mali’s state energy firm, Énergie du Mali, at a significant discount. The agreement underscores Niger’s commitment to supporting Mali’s energy needs and ensuring stable and reliable electricity production, which is crucial for Mali’s socio-economic development. This partnership is part of broader efforts

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International Gas Gold Mining Projects News

Invictus Energy Partners with Himoinsa and Dallaglio for Gas-to-Power Project in Zimbabwe

Invictus Energy, an independent upstream oil and gas company, has inked a Memorandum of Understanding (MoU) with Himoinsa Southern Africa Proprietary Limited and Dallaglio Investments Pvt Ltd. The agreement aims to develop a gas-to-power project to supply electricity to the Eureka Gold Mine in Zimbabwe. Under the partnership, Invictus Energy will provide feedstock from its Cabora Bassa Project to fuel a proposed 12MW gas-to-power plant, which will be constructed by Himoinsa. The electricity generated from

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International Exploration News Oil

Rhino Resources Awards Halliburton Contract for Offshore Namibia Project

Exploration firm Rhino Resources has awarded a contract to energy services company Halliburton for its deep-water multi-well construction project offshore Namibia, announced during the Namibia International Energy Conference (NIEC) 2024. Halliburton will provide solutions for the construction of exploration and appraisal wells in Block 2914A starting from Q4 – 2024. Additionally, Rhino Resources will utilize Halliburton’s well and prospect testing services as part of the contract. According to Travis Smithard, CEO of Rhino Resources, the

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Diamonds International News

BHP Makes $38.8 Billion Bid for Anglo American

BHP with a market valuation of $149B made a $38.8B bid for Anglo American. Anglo’s shares jumped 12% early yesterday to a market valuation of $41B following the bid. In a statement Anglo American confirmed that “it is has received an unsolicited, non-binding and highly conditional combination proposal from BHP Group Limited (“BHP”).” And that “there can be no certainty that any offer will be made nor as to the terms on which any such

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Diamonds International News

De Beers to Relocate Auction Headquarters to Gaborone, Botswana

De Beers announced its decision to move its auction headquarters from Singapore to Gaborone, Botswana, as part of the diamond miner’s cost-cutting initiatives. The relocation aims to streamline operations and improve efficiency while supporting the development of Botswana’s diamond sector. De Beers Group Auctions, responsible for around 10% of the company’s rough-diamond sales, will temporarily pause operations and sales events during the transition period, which is expected to take place over the coming months. Consolidating

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International News Renewable Energy

GameChange Solar Snags 500 MW in Southern Africa

GameChange Solar to Power Southern Africa with 500 MW Solar Projects Using Genius TrackerTM Technology”. These projects are strategically positioned to enhance energy supply across the region, supporting the diversification of the energy mix to help ensure a stable electricity supply, including critical mining operations. Three of the projects are in South Africa, including a Risk Mitigation Independent Power Producer Programme (RMIPPP) project in the Northern Cape and two private sector projects to supply electricity for

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Local Gas News Oil

Angola Pledges Support for Namibia’s Oil and Gas Industry Development

Angola reiterated its commitment to aiding Namibia in the advancement of its oil and gas sector during the Namibia International Energy Conference (NIEC) held in Windhoek. Osvaldo Inácio, Executive Director of Angola’s national oil company Sonangol and Chairman of Sonangol Integrated Logistics Group (SONILS), emphasized the potential for collaboration between the two countries in bolstering Namibia’s oil and gas industry. Inácio underscored opportunities for cooperation in logistics and skills development, leveraging Angola’s extensive experience in

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