Angolan Mining Oil & Gas - Page 110 of 390 - Top Angolan News for Oil, Gas and Mining Industries

Woodside Energy Increases Reserves Estimate for Senegal’s Sangomar Oil Field

25, February, 202525, February, 2025

Woodside Energy has updated its hydrocarbon reserves estimate for the offshore Sangomar oil field off the coast of Senegal, after analyzing the performance of the S500 reservoirs. The revision has resulted in an addition of 16.2 million barrels of oil equivalent to the proven reserves (1P). With this update, Woodside now estimates the field’s proven and probable reserves (2P) at 15.4 million barrels of oil equivalent, surpassing initial projections. The revised reserve estimate strengthens expectations

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Corporate News Renewable Energy

ACWA Power to Build 2GW Wind Farm in Egypt, Expanding Regional Renewable Energy Reach

25, February, 202525, February, 2025

ACWA Power, Saudi Arabia’s renewable energy leader, has announced plans to construct, own, and operate a 2GW wind power plant in South Hurghada, Egypt, which is expected to provide electricity to nearly 2 million homes. The project, valued at SAR 8.6 billion ($2.3 billion), is backed by a 25-year power purchase agreement (PPA) with Egypt’s state-run Electricity Transmission Company. ACWA Power aims to reach financial close on the project by next year, pending the completion

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Corporate News International Oil Petroleum

Dangote Refinery to Meet Nigeria’s Fuel Demand

25, February, 202525, February, 2025

Aliko Dangote, President of Dangote Industries Limited, announced that his refinery has sufficient Premium Motor Spirit (PMS) in storage to meet Nigeria’s full local fuel demand. Dangote made this statement following a visit by Zambia’s Minister of Energy, Mr. Makozo Chikote, and his delegation, who toured the refinery complex. The billionaire businessman revealed that the refinery currently holds over half a billion liters of petroleum products, valued at more than ₦600 billion. “We have more

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International Gas Oil Partnerships

Ghana and São Tomé Leaders Discuss Oil and Gas Cooperation

25, February, 202525, February, 2025

On Friday, 21 February, Ghana’s President John Mahama welcomed President Carlos Manuel Vila Nova of São Tomé to Accra for a two-day working visit aimed at enhancing bilateral cooperation between the two nations. The discussions primarily centered on oil and gas production, a sector in which both countries have shared experiences. In attendance at the meeting were Ghana’s Chief of Staff Julius Debrah, National Security Advisor Prosper Bani, and Foreign Affairs Minister Sam Okudzeto Ablakwa,

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International Gas News

BP’s Senegal-Mauritania LNG Project Nears First Export

25, February, 202525, February, 2025

BP’s Greater Tortue Ahmeyim (GTA) LNG project is set to load its first cargo within weeks, according to junior partner Kosmos Energy. The BP-led project began LNG production earlier this year, as detailed in Kosmos Energy’s 2024 earnings report. The first cargo is expected later this quarter, with an LNG tanker already positioned at the Hub Terminal, ready for loading. Kosmos Energy confirmed that gas from GTA’s first phase began flowing from production wells to

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Corporate News International Renewable Energy

Neosun Energy to Build Solar Power System for Jetpark in Johannesburg

25, February, 202525, February, 2025

Neosun Energy has secured a contract with Palisades Business Park to install a solar power system at Jetpark in Johannesburg, South Africa. The project aims to reduce grid electricity consumption and lower operational energy costs**. The grid-tied solar PV system will feature 1,380 Longi 580W N-type panels, providing an 800 kWp installed capacity. Designed for maximum efficiency, the system is expected to generate approximately 1.347 GWh of clean energy annually, offsetting nearly 55% of Jetpark’s

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International News Renewable Energy

Mozambique’s Solar Power Grows 18.6% in 2024 but Remains Below 1% of Total Production

25, February, 202525, February, 2025

Electricity generation from solar parks in Mozambique increased by 18.6% in 2024, yet it still accounts for less than 1% of the country’s total production, according to official data reviewed by Lusa. The budget execution report for January to December 2024 shows that solar power production from five large solar parks and smaller plants exceeded 101,247 megawatt-hours (MWh), up from 85,343 MWh in 2023. However, the government’s target of 138,808 MWh for the year was

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International Gas News

ExxonMobil Reaffirms Commitment to Mozambique’s LNG Project

25, February, 202525, February, 2025

ExxonMobil’s President for Upstream, Dan Ammann, led a company delegation that met with Mozambican President Daniel Chapo today, reaffirming the company’s commitment to Mozambique and the liquefied natural gas (LNG) project in Cabo Delgado. According to a statement from the Presidency of the Republic, Ammann emphasized the strong collaboration between the Mozambican government and international partners to advance the LNG project. “It was a pleasure to meet His Excellency President Chapo. We discussed our commitment

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Corporate News Diamonds International

Lucara’s Revenue Rebounds in 2024 on Major Diamond Sales

25, February, 202525, February, 2025

Lucara Diamond Corp.’s revenue surged in 2024, driven by the sale of two massive rough diamonds from its Karowe mine in Botswana, which collectively fetched $54 million. Annual revenue rose 18% to $203.9 million, with sales volume increasing 5% to 399,215 carats, the company reported Friday. The higher revenue was attributed to a greater proportion of high-value stones, including the 549-carat Sethunya and the 1,080-carat Eva Star. Lucara posted a $39.9 million profit, a sharp

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Corporate News Diamonds International

De Beers Jewellers Rebrands as De Beers London to Elevate Luxury Presence

25, February, 202525, February, 2025

De Beers Jewellers has rebranded as De Beers London, reinforcing its identity in the high-end luxury market and highlighting its connection to the British capital, a global hub for fashion and luxury. Announcing the change in a LinkedIn post last week, the company emphasized that the rebrand also strengthens its position as the only luxury jewelry house with direct access to natural diamonds from the source. This move, De Beers stated, is a key step

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