Angolan Mining Oil & Gas - Page 116 of 391 - Top Angolan News for Oil, Gas and Mining Industries

Lucapa Diamond Company Faces Disruption at Lulo Mine Due to Local Blockade

11, February, 202511, February, 2025

Lucapa Diamond Company is currently facing a production disruption at its Lulo mine in Angola after local community leaders barricaded all entrances to the site, making a series of unreasonable demands, according to the company. While the blockade remains peaceful, it has prevented Lucapa’s workers from entering or exiting the site. The company expressed concern for the safety of its employees should it attempt to break through the barricade. Although the workers who are inside

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Diamonds Corporate News Local

Lucapa Diamond Company Faces Revenue Slump Amid Falling Diamond Prices

11, February, 202511, February, 2025

Lucapa Diamond Company reported a sharp 71% year-on-year decline in revenue for the fourth quarter of 2024, as the lower proportion of large diamonds significantly impacted the average price per carat. Sales from the company’s Lulo mine in Angola dropped to $10 million for the quarter, with the average price per carat plunging by 80% to $1,251. However, the company saw a 42% increase in sales volume, reaching 8,016 carats. The steep drop in average

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Corporate News Diamonds International

NUM Criticizes Petra Diamonds Over Mass Layoffs Amid Industry Downturn

11, February, 202511, February, 2025

The National Union of Mineworkers (NUM) has condemned Petra Diamonds for its decision to lay off over 200 workers as part of a cost-cutting strategy. This decision comes in the wake of an extended downturn in the diamond industry, which has forced several companies, including Petra, to make difficult decisions regarding staffing, production, and pricing forecasts. The layoffs specifically target employees at Petra’s Cullinan and Finsch mines in South Africa. Petra initially announced the layoffs

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Corporate News Gas International

Kosmos Energy Announces First LNG Production at Greater Tortue Ahmeyim

10, February, 202510, February, 2025

Kosmos Energy has confirmed the commencement of liquefied natural gas (LNG) production at the bp-operated Greater Tortue Ahmeyim (GTA) LNG project, located offshore Mauritania and Senegal. On December 31, 2024, gas from GTA Phase 1 began flowing from the wells to the floating production storage and offloading (FPSO) vessel as part of the commissioning process. At the FPSO, the gas is processed to remove condensate, water, and impurities before being transferred to the floating LNG

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Corporate News International Oil

Chevron Expands Namibian Offshore Presence with PEL 82 Acquisition

10, February, 202510, February, 2025

Namibian oil and gas exploration firm Custos Energy has finalized a farm-in agreement with Chevron Namibia Exploration II, a subsidiary of Chevron, for Petroleum Exploration License 82 (PEL 82). Under the deal, Chevron acquires an 80% participating interest and assumes operatorship of the offshore block. Custos Energy and Namibia’s state-owned NAMCOR each retain a 10% stake. Custos views PEL 82, covering blocks 2112B and 2212A in the Walvis Basin, as one of Namibia’s most promising

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International Oil

Senegal’s Sangomar Oil Field to Produce Over 30 Million Barrels in 2025

10, February, 202510, February, 2025

Senegal’s Ministry of Energy, Petroleum, and Mines has projected that the Sangomar oil field will produce approximately 30.53 million barrels of crude oil in 2025. “We estimate crude oil production for 2025 at around 30.53 million barrels, maintaining a steady daily output of 100,000 barrels throughout the year,” the ministry stated in its latest production report. According to the report, Sangomar produced 3.11 million barrels in January 2025 alone. During the same period, three shipments

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Corporate News Gas International

Eni Discovers “Supergiant” Gas Field Off Egypt’s Coast

10, February, 202510, February, 2025

Italian energy company Eni has announced the discovery of the Zohr gas field, a “supergiant” natural gas deposit in the Mediterranean Sea, off Egypt’s coast. The field is expected to meet the country’s gas demand for decades. Located in the Shorouk block, Zohr is estimated to hold 30 trillion cubic feet (5.5 billion barrels of oil equivalent) of lean gas, making it the largest gas discovery ever in Egypt and the Mediterranean and potentially one

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International News Oil

Egypt Approves $225 Million Petroleum Concession Agreements

10, February, 202510, February, 2025

The Egyptian Cabinet has approved five petroleum concession agreements involving the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), Ganoub El Wadi Petroleum Holding Company (GANOPE), and several international energy firms. These agreements commit a minimum investment of $225.3 million and include plans to drill at least 40 wells for natural gas and crude oil exploration. Global energy companies continue to expand their presence in Egypt, aiming to boost production and

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Corporate News International Oil

TotalEnergies Resumes Drilling in Namibia’s Orange Basin with Tamboti-1X Well

10, February, 202510, February, 2025

TotalEnergies has resumed hydrocarbon exploration on Block 2913B in Namibia’s Orange Basin, drilling the Tamboti-1X exploration well just north of the Venus accumulation. The company estimates the prospect holds approximately 1 billion barrels of oil. The Deepsea Mira rig, under a multi-country contract with TotalEnergies since December 2022, began drilling Tamboti-1X in October 2024. TotalEnergies operates Block 2913B in Petroleum Exploration License (PEL) 56 with a 50.5% stake in the 8,215 km² offshore area. Its

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Corporate News Oil

Dangote Refinery Expands Global Reach with Jet Fuel Shipments to Saudi Aramco

10, February, 202510, February, 2025

Dangote Refinery has successfully shipped two jet fuel cargoes to Saudi Aramco, marking a significant milestone in its growing global footprint. During a facility tour with directors of the Nigerian Economic Summit Group (NESG), Aliko Dangote, President of Dangote Group, highlighted the refinery’s rapid progress. “We are already achieving our ambitious targets,” Dangote stated. “We are pleased to announce the successful sale of two jet fuel cargoes to Saudi Aramco.” An industry analyst noted that

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