Angolan Mining Oil & Gas - Page 13 of 295 - Top Angolan News for Oil, Gas and Mining Industries

Corporate News Gold International Mining

B2Golds Otjikoto Mine Record Production and Strategic Growth Plans for 2025

28, February, 202528, February, 2025

B2Gold’s Otjikoto Mine in Namibia, in which the company holds a 90% interest, had a strong performance in 2024, producing 198,142 ounces of gold, nearly at the midpoint of its guidance range of 185,000 to 205,000 ounces. For the year ending December 31, 2024, the mill feed grade was 1.87 g/t, with mill throughput at 3.34 million tonnes, and a gold recovery rate averaging 98.6%. In the fourth quarter of 2024, the Otjikoto Mine produced

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Corporate News International Oil

BW Energy Progresses with Kharas Appraisal Well Drilling in Namibia

28, February, 202528, February, 2025

BW Energy has confirmed that the drilling program for the Kharas appraisal well in Namibia is on track for the third quarter of 2025. The company has received rig bids, and the selection process is currently underway. The Kharas appraisal well is located in the northern part of the Kudu licence, and BW Energy is collaborating closely with other operators in the Orange Basin to optimize the use of available resources. BW Energy holds a

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Corporate News International Oil

Dangote Refinery’s Petrol Price Cut Sparks Concerns Among Importers

28, February, 202528, February, 2025

Importers of Premium Motor Spirits (PMS), commonly known as petrol, are reportedly unsettled by the Dangote Refinery’s recent decision to reduce its petrol price. On Wednesday, the Dangote Refinery announced a price cut, reducing its ex-depot (gantry) price of petrol from N890 to N825 per liter, effective from February 27, 2025. This move has caused a ripple effect across the fuel market, with importers now compelled to adjust their prices accordingly. The Dangote Refinery, however,

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Oil International News

Uganda and Tanzania Defend East African Crude Oil Pipeline Amid Legal Challenges

28, February, 202528, February, 2025

The governments of Uganda and Tanzania have rejected claims made by civil society organizations (CSOs) opposing the construction of the East African Crude Oil Pipeline (EACOP). The two nations have jointly appealed to the Appellate Division of the East African Court of Justice (EACJ) to dismiss a case filed by four CSOs from Uganda, Kenya, and Tanzania, which seeks to halt the project. On February 24, 2025, Uganda’s Deputy Solicitor General, Mr. Charles Ouma, and

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International Corporate News

Rio Tinto Completes Landmark Renewable Diesel Trial in Pilbara

28, February, 202528, February, 2025

Rio Tinto has successfully completed its first renewable diesel trial across its Pilbara iron ore operations, marking a significant milestone in its efforts to reduce emissions and integrate alternative fuels into its supply chain. The trial, conducted in partnership with renewable diesel producer Neste and Australian fuel supplier Viva Energy, provided Rio Tinto with critical insights into the scalability of biofuels across its operations. The four-week trial (January–February 2024) resulted in a 27,000-tonne reduction in

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International Oil

Alberta Projects $5.2 Billion Deficit Amid U.S. Tariff Uncertainty

28, February, 202528, February, 2025

Alberta, Canada’s top oil-producing province, has forecast a C$5.2 billion ($3.5 billion) budget deficit for the 2025/26 fiscal year, citing potential U.S. tariffs as a major threat to government revenues and economic growth. This marks a sharp reversal from Alberta’s current fiscal surplus of C$5.8 billion, highlighting the uncertainty facing policymakers as they navigate the evolving trade landscape. Finance Minister Nate Horner acknowledged the difficulty in planning a budget amid unpredictable U.S. policies. “How do

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Corporate News Diamonds International

Alrosa Reports 77% Profit Drop Amid Sanctions and Market Challenges

28, February, 202528, February, 2025

Russia’s state-owned diamond producer, Alrosa, reported a 77.3% decline in net profit for 2024, falling to 19.3 billion roubles ($219.32 million) compared to the previous year. Revenue also dropped by 25.9%, reaching 239.1 billion roubles. The decline follows a Group of Seven (G7) ban on direct Russian diamond imports in January 2024, which was later expanded to include diamonds routed through third countries. Alrosa has also been under U.S. sanctions since 2022, further restricting its

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Corporate News Exploration International Oil

Custos Energy Announces Promising Results from Second Exploration Campaign in Namibia’s Orange Basin

27, February, 202527, February, 2025

Custos Energy is pleased to provide an update on its second exploration and appraisal campaign for blocks 2813A and 2814B in Namibia’s rapidly growing Orange Basin oil and gas region. These blocks are part of Petroleum Exploration License 83 (PEL 83), operated by a subsidiary of Galp Energia, with Custos and Namibia’s National Petroleum Corporation (NAMCOR) each holding a 10% working interest. The PEL 83 Joint Venture partners have successfully drilled, cored, and logged the

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International News Renewable Energy

$7.9 Billion Green Hydrogen Project Set to Transform Nigeria’s Economy

27, February, 202527, February, 2025

A $7.9 billion green hydrogen project has been launched in Akwa Ibom State, Nigeria, with backing from China. The ambitious initiative will take place within the Liberty Free Trade Zone (LFTZ) at Atabrikang, in the Ibeno Local Government Area. The agreement was formalized in Uyo, Nigeria, with representatives from the Nigerian Federal Government, APPL Hydrogen Limited (AHL), and China’s LONGi Green Energy Technology signing the deal. Idara Ekpo, Chief Visionary Officer of AHL, revealed that

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Corporate News Diamonds International

De Beers Faces Tight Supply of Large Rough Diamonds Amid Market Stabilization

27, February, 202527, February, 2025

Rough diamonds above 5 carats were in tight supply during this week’s trading session, with industry sources attributing the shortage to both production cuts and De Beers’ strategy of limiting supply. During the February sight, prices remained stable across most categories as De Beers adhered to its policy of not overflooding the market, according to insiders. However, the scarcity of large stones raised eyebrows, especially considering De Beers reportedly holds $2 billion in inventories, its

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