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Local Diamonds News

Yetwene Mine Set to Ramp Up Production to 19,000 Carats

Sociedade Mineira Yetwene, situated in Lucapa, Lunda-Norte, has unveiled plans to significantly boost its diamond production, aiming to escalate its monthly output from three thousand to an impressive 19 thousand carats starting in the first half of 2024. The acting general director of the company, Bento Augusto, revealed the strategic move, facilitated by the introduction of new processing units. Augusto disclosed that this production expansion has been made feasible through substantial investments in acquiring cutting-edge

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Oil Gas Local News Petroleum

ANPG Signs Lucrative Oil Exploration Contracts to Boost Angola’s Energy Sector

In a pivotal move aimed at bolstering Angola’s energy sector, the National Oil, Gas and Biofuels Agency (ANPG) finalized three significant risk service contracts in partnership with Azule Energy. The contracts, signed in Luanda, mark a strategic venture for the prospecting, research, and exploration of blocks 46 and 47, in collaboration with Equinor and Sonangol Pesquisa & Production. Additionally, a partnership was formed for block 18/15 with the state-owned company, Sonangol. The ceremony, graced by

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Economy Energy Gas International News

African Energy Chamber Endorses Nigeria’s Pioneering Advancement in Floating Liquefied Natural Gas (LNG) Development

The African Energy Chamber (AEC) congratulates UTM Offshore, the Nigerian National Petroleum Company (NNPC), and the Delta State Government on the signing of a groundbreaking shareholders agreement in Abuja on Tuesday 11th December, to develop Nigeria’s first Floating Liquefied Natural Gas (FLNG) project. In line with the AEC’s commitment to African resource sovereignty, this partnership marks a significant step towards eliminating energy poverty and advancing the continent’s gas monetization agenda. Notably, the UTM FLNG project

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International News Oil

Tragedy Strikes as Guinea Oil Terminal Explosion Claims Eight Lives and Leaves Over 80 Injured

At least eight people were killed and 84 injured after a blast at an oil terminal in Guinea’s capital, Conakry, early on Monday, a senior police officer said. The officer added that the blaze was being contained. A huge fire and billowing black smoke were captured on video shot from a distance as firefighters rushed to the area. Several tanker trucks left the depot, escorted by soldiers and police. The explosion at the West African

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Diamonds International Mining News

Petra Diamonds Streamlines Leadership Team in Pursuit of Operational Efficiency

Diamond miner Petra Diamonds is implementing a series of changes to streamline and enhance the efficiency of its board in 2024. Upon the implementation of these changes, Petra’s board will shrink from eight to seven directors, down from ten directors just before the company’s annual general meeting in November. Petra emphasizes that these adjustments, though modest, are integral to the ongoing cost-saving initiatives being executed across the group. They aim to provide increased flexibility in

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Diamonds International News

Petra reports total third-tender cycle sales of $69.7m

Diamond producer Petra Diamonds has announced the final sales results for its third tender cycle following further sales of 56 600 ct for $9.3-million. This brings total sales for the cycle to $67.9-million from 519 400 ct sold. The final sales results delivered a 19.3% increase in like-for-like prices compared with the second tender cycle. This has reaffirmed the company’s belief that diamond prices have likely bottomed. A further 25 200 ct of goods from

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Diamonds International News

India’s Modi says new Diamond bourse in Gujarat to create 150 000 jobs

India’s Surat diamond bourse will create 150 000 new jobs and become a “one-stop shop” for artisans and businessmen, Prime Minister Narendra Modi said as he inaugurated the new bourse in Gujarat. Surat, in Gujarat state, where Modi originally hails from, cuts and polishes 90% of world’s rough diamonds and the bourse will support its ambition to become the world’s diamond capital. Constructed over 6.6-million square feet, the bourse is touted as the world’s largest

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Local Gas News Oil

Dinge Sondagem’s New Onshore Oil Drilling Rig Commences Operations in Cabinda

An onshore oil well drilling rig, owned by the Angolan company Dinge Sondagem, has been operating in Cabinda since Friday last week, when it was inaugurated by the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, to provide services to operators of the hydrocarbon industry. Installed in the village of Banza, Regedoria de Cotra, the probe is one of the most modern operating in the Angolan “onshore”, representing an investment of six million dollars,

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Diamonds Local News

Catoca plans to eradicate work Accidents

The Sociedade Mineira de Catoca (SMC) has been observing, since last Friday December 15th, the Internal Week for the Prevention of Accidents at Work (SIPAT), to expand the adoption of safety procedures in operations that lead to the eradication of accidents, Jornal de Angola learned of the deputy director general for the area of ​​Administration. Paulo Mandela indicated that, during five days of activities during which SIPAT takes place, meetings are planned to collect contributions

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Local News Oil

Production records in Sonangol blocks

Blocks 3/05 and 3/05A, operated by Sonangol, reached, last Sunday, record production of 25 thousand barrels of oil per day (bpd), 4.0 percent more than at the beginning of the year, when it was at 16 thousand bpd, announced the company’s Exploration and Production Business Unit (UNEP). Data released by UNEP on the Ngol program, broadcast by Sonangol on Rádio Nacional de Angola, indicate that these production levels had not been observed for more than

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