Angolan Mining Oil & Gas - Page 169 of 391 - Top Angolan News for Oil, Gas and Mining Industries

Oil International News

Nigeria’s Crude Oil Production Rises to 1.61 Million Barrels Per Day

31, July, 202431, July, 2024

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reported an increase in Nigeria’s daily crude oil production, rising from 1.25 million barrels per day (mbpd) in June to 1.61 mbpd by July 23rd. This update was provided by Gbenga Komolafe, the Chief Executive of NUPRC, during a public hearing by the House of Representatives Special Committee on oil theft and losses. Nigeria remains Africa’s largest producer of crude oil, with proven reserves of 37.50 billion barrels

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Oil International News

Nigerian President Approves Sale of Crude Oil to Local Refineries in Naira

31, July, 202431, July, 2024

Nigerian President Bola Tinubu has approved the sale of crude oil to the Dangote Refinery and other local refineries in the local currency, the naira. This decision, aimed at stabilizing fuel prices and the naira-to-dollar exchange rate, was adopted by the Federal Executive Council (FEC). Bayo Onanuga, the Special Adviser to the President on Information and Publicity, announced that the FEC has approved selling the 450,000 barrels of crude oil designated for domestic consumption in

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International Gas Oil

Petrobras Bids for Stake in Namibia’s Offshore Oilfield

31, July, 202431, July, 2024

Brazil’s state-run oil firm, Petrobras, has submitted a non-binding bid for a stake in Galp Energia’s newly discovered offshore oilfield in Namibia. This move could potentially position Petrobras as the operator of the Mopane oil and gas field, which is estimated to hold 10 billion barrels of oil equivalent (bboe). “We are the best deep-water operators. If [Galp] does not choose us, it is their loss,” said Sylvia dos Anjos, Petrobras’ exploration and production director,

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Oil Exploration Gas International

Egypt Signs $342 Million Deals for Natural Gas and Oil Exploration

31, July, 202431, July, 2024

Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, has signed two significant agreements worth $342 million with international companies for natural gas exploration and production. The first agreement, valued at $222 million, involves the Egyptian General Petroleum Corporation (EGPC), Shell Egypt, and Malaysia’s Petronas. This collaboration aims to boost natural gas production in the West Delta area. According to a cabinet statement, the project includes drilling three new natural gas wells, with a production

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Diamonds International News

Rio Tinto Diamond Unit Slumps to Loss

31, July, 202431, July, 2024

Rio Tinto’s diamond revenue fell in the first half of 2024, pushing the division into the red amid a global market slowdown and lower production. Sales from the Diavik mine in Canada dropped 40% year on year to $149 million for the six months ending June 30, the mining group reported Wednesday. The diamond unit registered an underlying loss of $65 million, compared with a profit of $44 million a year earlier. While Rio Tinto

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Diamonds Economy Local News

Angola Special-Stone Tender Brings In $22M

30, July, 202430, July, 2024

Trans Atlantic Gem Sales (TAGS) and Angola’s Sodiam garnered $21.6 million at their second joint tender of special rough diamonds from five of the African country’s mines. The tender saw a 100% sell-through rate, despite current market weakness, TAGS said last week. The companies offered 33 lots comprising 45 diamonds. “The results once again exceeded expectations, with mines expressing enthusiasm to increase rough-diamond volumes to be sold through tenders in the future,” TAGS director Anthony

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International Renewable Energy

𝗕𝗢𝗧𝗔𝗟𝗔-𝗟𝗘𝗗 𝗖𝗢𝗡𝗦𝗢𝗥𝗧𝗜𝗨𝗠 𝗔𝗪𝗔𝗥𝗗𝗘𝗗 𝗧𝗘𝗡𝗗𝗘𝗥 𝗙𝗢𝗥 𝟰𝗠𝗪 𝗦𝗢𝗟𝗔𝗥 𝗣𝗥𝗢𝗝𝗘𝗖𝗧𝗜𝗡 𝗦𝗘𝗥𝗢𝗪𝗘

30, July, 202430, July, 2024

Botala Energy , a BSE listed Ausie energy development company has clinched a 4MW Solar Power Plant tender in its Serowe Energy Hub named Project Phuthi. Botala announced recently that it has entered into a binding power purchase agreement (PPA) in respect of Project Phuthi with Botswana Power Corporation , the state owned power utility company. Botala, as Project Leader and 49% owner, will construct and operate the power facility. Other owners are Botswana-based:• Ngwato

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Diamonds Economy Local News

Lucapa Diamond Recovers 176 Carat Diamond at Lulo Mine

30, July, 202430, July, 2024

ASX-listed Lucapa Diamond Company has recovered its fifth diamond weighing more than 100 carats this year at its joint venture Lulo mine in Angola. The 176-carat Type IIa diamond is the forty-fifth diamond over 100 carats found at the mine since alluvial operations began in 2015, making it the eighth largest discovered there. Lucapa notes that the consistent recovery of these large, high-value diamonds has been a significant revenue source for Lulo and has informed

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Diamonds International News

Lupita Nyong’o Visits De Beers’ Venetia Diamond Mine to Promote Sustainable Development

30, July, 202430, July, 2024

Actress Lupita Nyong’o recently visited De Beers’ Venetia diamond mine in Limpopo as part of her role as a global ambassador for the company. During her visit, she was shown how each facet of the production value chain supports sustainable development. Her tour included the 32,000-hectare Venetia Limpopo Nature Reserve, which De Beers uses for nature conservation. The Venetia mine, which began production in 1993, has grown to become South Africa’s leading diamond mine, accounting

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Diamonds International News

Uasa and Petra Diamonds Reach Five-Year Wage Agreement for Cullinan Mine Workers

30, July, 202430, July, 2024

Trade union Uasa has signed a five-year wage agreement with the management of the Cullinan mine, owned by London-listed Petra Diamonds. The agreement, effective from July 1, 2023, to July 1, 2028, stipulates a 5.5% or consumer price inflation (CPI) increase for entry-level (C Lower) employees for the first three years and a 6% increase in years four and five. C Upper employees will receive a 5% or CPI increase annually for the first three

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