Sonangol stated on Monday that the Marlin Luanda, a vessel struck by a missile in the Red Sea region, does not belong to them and was not in service for the Angolan oil company. In a press release, the state-owned oil company refutes information circulating on social media and websites, claiming that the vessel was in their service, transporting fuel to Luanda. The Angolan state oil company emphasizes that the Marlin Luanda is not part
Diamond exploration and project development company, Botswana Diamonds, has completed a geological survey over four high-grade geophysical targets in the southern African country. Preliminary results suggest that at least one of the targets give a strong indication of kimberlites. Situated approximately 6km from the existing KX36 diamond discovery, the gravity survey will be repeated and correlated with previous results before the company commences exploratory drilling operations. “This is the first strong indication of additional kimberlites
Nigerian oil company the Nigerian National Petroleum Corporation (NNPC) has launched a tender inviting private operators to operate and maintain the West African country’s Port Harcourt oil refinery. The tender aims to engage operations and maintenance companies that will ensure reliability and sustainability at the refinery to meet Nigeria’s fuel supply needs while ensuring energy security. The scope of the contract will cover various refinery business processes, including optimization of operations, maintenance, health and safety,
Another three billion dollars in debt financing is required for the financial close of the five-billion-dollar East African Crude Oil Pipeline (EACOP), according to TotalEnergies’ shareholders meeting records for 2023. Designed to transport crude oil from Lake Albert in Uganda to the Port of Tanga on the Tanzanian coast, the 1,443-km megaproject is currently in its Engineering, Procurement and Construction phase and is estimated to be at least six months away from a Final Investment
South Africa’s Department of Mineral Resources and Energy has published a Gas Amendment Bill to bring legislation in line with more recent government policies and developments in the country’s gas sector. The amendment bill, which has been made available for public comment, is expected to expand South Africa’s gas industry by addressing sustainability and competitive trade, while facilitating integrated energy projects as part of the sector’s development goals. The document establishes new regulations aimed at
Angola’s crude oil production was steady throughout 2023, with output averaging 1.098 million barrels per day (bpd). According to the country’s national regulator, the National Oil, Gas and Biofuels Agency (ANPG), output during the period January 2023 to December 2023 equated to 400.72 million bpd, making the country the third largest producer in Africa. While production marginally declined from 2022 levels of 1.16 million bpd, December 2023 showed a slight increase in output, with production
Mutapa Mining and Processing (MMP), a consortium of Mozambicans and British that has for 18 months been operating three mines in the district of Manica, in the province of the same name, intends from this February to process and export between 35 and 40 kilograms of gold monthly. The projection is the result of prospecting carried out over the last 18 months by the consortium which, in a first phase, invested in the equipment and
The companies and consortiums qualified to operate in the oil blocks of the Lower Congo and Kwanza Onshore Basins are already known from this fiscal year onwards. According to a statement released yesterday Jan 22nd by the National Petroleum, Gas and Biofuels Agency (ANPG), the public tender for the Lower Congo and Kwanza Onshore Basins, open last year to national or foreign entities, resulted in the qualification of companies and constitution of contractor groups. According
About 150,000 fuel stations run by the Independent Petroleum Marketers Association of Nigeria (IPMAN) have been sanctioned to receive fuel supplies from the newly built private Dangote refinery. This was disclosed after a meeting between the officials from the Dangote refinery and executives of IPMAN. Fuel cost after the supply still remains unknown as there has been no full disclosure on the subject. A report from the Punch Newspaper disclosed that executives from the Independent
The prices of oil in the international market closed in decline again this Friday, reaching $73.25 per barrel, a decrease of 0.70 percent, falling 0.95 percent, despite having fluctuated near stability for part of the day. International experts point to the cause as the attacks by Houthi rebels in the Red Sea against cargo ships, the reaction of the United States, tensions with Iran, and the war between Israel and Hamas were not enough to
