Angola’s state-owned diamond marketing company, Sodiam, announced the electronic auction of 44 special diamonds, each weighing approximately 10.80 carats. The evaluation sessions will take place from October 7th to 16th, with bidding set to close at 10:00 am local time on the final day. According to Sodiam’s statement, the auction is being organized in collaboration with Trans Atlantic Gem Sales and is open to customers in Sodiam’s database with expertise in trading special stones. Viewing
The Democratic Republic of Congo (DRC) has canceled its 2022 licensing round for 27 oil blocks, aimed at tapping into the country’s vast oil and gas reserves. The announcement came via a statement posted on the hydrocarbons ministry’s X (formerly Twitter) account on October 11, citing several reasons for the cancellation, including late submissions, irregular offers, and insufficient competition. Hydrocarbons Minister Aime Sakombi Molendo stated, “Given the above, I am obliged to declare the cancellation
Aliko Dangote, the Nigerian industrialist behind the country’s first private oil refinery, is now expanding into crude oil exploration. Initially scheduled for late 2024, the launch of Dangote’s oil production is now set to begin in 2025, according to a report by S&P Global Commodity Insights. The report highlights that production at Dangote’s two oil properties, located in the Niger Delta’s Oil Mining Leases (OMLs) 71 and 72, will commence at around 20,000 barrels per
In an effort to rejuvenate its ailing oil production infrastructure, Nigeria is partnering with South Korea to build several oil refineries across the country. For decades, Nigeria has been heavily reliant on imported petroleum products, but the recent launch of the Dangote refinery marks a significant shift in the nation’s energy landscape. A consortium of South Korean investors has finalized a deal with the Nigerian government to construct four refineries, according to The Punch. Heineken
Belemaoil Producing, a Nigerian independent oil producer, has successfully resumed operations at its Oil Mining Lease (OML) 55 after a three-year suspension caused by damage from theft. In February 2015, Belemaoil acquired OML 55 from Chevron Corp. The lease is located about 40 km west of the Bonny oil export terminal, in a swampy to shallow water region. Operations were halted in 2021 due to extensive oil theft along the delivery line to the Bonny
Monitor Exploration Ltd. (MEL), through its subsidiary Mel Oil and Gas Exploration Namibia (MELN), has entered a partnership with Exito Energy Resources to boost exploration activities within Exito’s Petroleum Exploration Licence (PEL) 105 in Namibia’s Owambo Basin. The collaboration aims to combine the expertise and resources of both companies to unlock the hydrocarbon potential in the region. The partnership will focus on integrating remote sensing data with existing gravity, magnetic, geochemical, and passive seismic information
DanAon Energy (Pty) Ltd., a Namibian-owned solar energy company, is advancing plans to build a 40 MW photovoltaic (PV) solar plant in Gibeon, located in Namibia’s Hardap Region. The project is pending approval from the Electricity Control Board of Namibia and an Environmental Clearance Certificate (ECC). The proposed solar park will span 40 hectares and is expected to significantly reduce Namibia’s dependence on traditional energy sources while boosting renewable energy production. The project will feature
Rhino Resources Namibia Ltd. has secured approval from Namibia’s Ministry of Environment, Forestry, and Tourism for an Environmental Clearance Certificate (ECC), allowing the company to drill 10 exploration and appraisal wells off the southern coast. The drilling campaign will be conducted in License Block 2914A and is set to begin in the fourth quarter of 2024, with an expected investment of N$1.8 billion (US$94 million) into the local economy. The project will include related exploration
Neosun Energy has secured a contract to design and build a 998 kWp grid-tied solar photovoltaic (PV) plant for Dayizenza Mall in Nelspruit, South Africa, furthering its commitment to sustainability and reducing carbon emissions. “The solar power plant is expected to achieve monthly electricity savings of over 50-60% throughout its operational life, delivering both environmental and financial benefits. With a lifespan of more than 40 years, the project highlights Dayizenza Mall’s dedication to minimizing its
TotalEnergies SE has awarded Shearwater Geoservices Holding AS a contract to conduct an ocean bottom node (OBN) survey in Angola’s Block 32. The project will focus on the Louro and Mostarda fields, where Shearwater previously carried out a 4D streamer survey for TotalEnergies. The deepwater OBN survey will be executed using the SW Tasman, a seismic node-laying vessel equipped with dual remotely operated vehicles (ROVs). The SW Tasman, converted in 2023 for specialized node-laying tasks,
