Vital Industry News
UAE Exit from OPEC Raises Volatility Risks for Global Oil Markets and African Producers Sudan’s Gold Sector Becomes Economic Lifeline Amid Prolonged Conflict Dangote Backs New East African Refinery Project in Tanzania Libya Partners with Chevron to Assess Shale Oil and Gas Potential Uganda Plans New Oil Licensing Round to Expand Reserves Cameroon Awards Five Oil and Gas Blocks in 2025–2026 Licensing Round Dakar LNG Terminal Project Set to Strengthen Senegal’s Energy Security UAE Exit from OPEC Raises Concerns Over Oil Market Stability and Nigeria’s Revenue Outlook Angola Oil Revenue Rises to $7.16 Billion in Q1 on Stronger Prices Angola Oil Sector Faces Medium Risk of Money Laundering, Study Finds
International Corporate News Oil

UAE Exit from OPEC Raises Volatility Risks for Global Oil Markets and African Producers

Gold International News

Sudan’s Gold Sector Becomes Economic Lifeline Amid Prolonged Conflict

International Corporate News Oil

Dangote Backs New East African Refinery Project in Tanzania

More Angolan Mining News

International Corporate News Oil

UAE Exit from OPEC Raises Volatility Risks for Global Oil Markets and African Producers

UAE OPEC Exit Sparks Supply Uncertainty as Global Oil Market Faces Demand Weakness and Rising…
Gold International News

Sudan’s Gold Sector Becomes Economic Lifeline Amid Prolonged Conflict

Sudan Relies on Gold Revenues as War Enters Fourth Year, Smuggling and Investor Shifts Reshape…
International Corporate News Oil

Dangote Backs New East African Refinery Project in Tanzania

Dangote to Lead Tanzania Refinery Project as East Africa Pushes to Cut Fuel Imports Aliko…
Oil Corporate News Gas

Libya Partners with Chevron to Assess Shale Oil and Gas Potential

Libya’s NOC and Chevron Sign Deal to Study 123 Tcf Gas and 18 Billion Barrels…
International News Oil

Uganda Plans New Oil Licensing Round to Expand Reserves

Uganda to Launch Third Oil Licensing Round as It Prepares for First Crude Production Uganda…
International Gas News

Cameroon Awards Five Oil and Gas Blocks in 2025–2026 Licensing Round

Cameroon Grants Key Exploration Blocks to Murphy and Octavia to Revive Oil Output Cameroon’s Société…
International Oil Petroleum

Major Oil Discovery Announced in Egypt’s Western Desert

Khaleda Petroleum Company, representing Apache Corporation and the Egyptian General Petroleum Corporation, has announced a significant oil discovery in the West Fayum-I area of the Kalabsha development zone, located in Egypt’s Western Desert. The company disclosed that during a well test, they drilled 270 feet into Paleozoic sands, leading to the discovery of 23 million cubic feet of associated gas. Electrical logs confirmed petroleum indicators within the Paleozoic formation, revealing a total net thickness of

Loading

Read More Here

International Oil Petroleum

Dangote Refinery Set to Begin Fuel Sales After Multiple Delays

The long-awaited Dangote fuel is set to hit the market soon. The 650,000-barrel-per-day refinery is expected to start selling Premium Motor Spirit (PMS), commonly known as petrol, to Nigerians in mid-September, following several missed deadlines. According to Punch newspaper, citing an anonymous source, the Dangote refinery is nearing the commencement of petrol sales. The source confirmed that the Dangote Group is finalizing arrangements for the distribution of the product. The Punch report also indicated that

Loading

Read More Here

International Petroleum Transport and Logistics

President Nyusi Inaugurates New Platforms to Boost Fuel Pipeline Capacity from Beira to Zimbabwe

On Thursday, August 29, 2024, President Filipe Jacinto Nyusi of Mozambique officially inaugurated two new pumping platforms at the Port of Beira. These platforms, built by Companhia do Pipeline Moçambique-Zimbabwe (CPMZ), are located in Beira (Sofala) and Maforga (Manica) and have increased the pipeline’s fuel pumping capacity from Beira to Feruka, Zimbabwe, from two million to three million cubic meters per year. Company Overview: CPMZ Companhia do Pipeline Moçambique-Zimbabwe, Limitada (CPMZ), has been a key

Loading

Read More Here

Local Oil Petroleum

Pumangol Achieves International Recognition for Aviation Fuel Excellence and Safety

Pumangol, an Angolan fuel supply company, has earned international acclaim for its commitment to excellence and safety in the civil aviation sector, becoming the only operator in Angola accepted by the Joint Inspection Group (JIG). In a statement released today, Pumangol highlighted that being recognized as a JIG member places the company among those adhering to the highest global standards in fuel supply operations at airports. Additionally, Pumangol has been acknowledged as a strategic partner

Loading

Read More Here

Diamonds International News

Botswana’s Okavango Diamond Seeks $300 Million Credit to Boost Purchases

Botswana’s state-owned Okavango Diamond Company (ODC) is seeking a $300 million credit facility from local banks to support increased diamond purchases, according to Finance Minister Peggy Serame. The move comes as ODC aims to capitalize on its growing share of diamond production from Debswana, a joint venture between Botswana and Anglo American’s De Beers. Established in 2012 as an independent sales channel for the government, ODC currently receives 25% of its diamonds from Debswana. However,

Loading

Read More Here

Diamonds International News

Gem Diamonds Raises 2024 Production and Sales Forecast

London-listed Gem Diamonds, owner and operator of the Letšeng mine in Lesotho, has raised its production and sales guidance for the 2024 full year. The company now expects to recover between 98,000 and 101,000 carats, with sales projected between 100,000 and 103,000 carats. This is an increase from the previous guidance of 88,000 to 92,000 carats for recovery and 91,000 to 95,000 carats for sales. Despite ongoing pressure in the global diamond market, which has

Loading

Read More Here

Oil Petroleum

Executive Committee changes at TotalEnergies

Appointments were made to the Executive Committee at TotalEnergies, effective 1. September: Effective September 1st, 2024, TotalEnergies’ Executive Committee will comprise: Bernard Pinatel’s biography Bernard Pinatel started his career at Booz Allen & Hamilton, before joining TotalEnergies in 1991, where he held various operational positions in production plants and the headquarter of different subsidiaries, including Hutchinson. He became CEO France, and then CEO Europe of Bostik between 2000 and 2006, and Chairman and Chief Executive

Loading

Read More Here

Local Gas News

SonaGás Maintains Cooking Gas Prices Amid High Demand

Pedro de Sá, Operations Director at SonaGás, announced on Tuesday that there is no need to adjust the price of cooking gas despite a recent surge in demand. In an interview with Rádio Nacional, de Sá explained that the increased demand over the past week led to temporary supply imbalances, but these are expected to be resolved shortly. “SonaGás has a daily supply of 1,200 tons of butane gas available for distribution to the northern

Loading

Read More Here

Oil News

Brent Oil Prices Dip Below $80 Amid Market Concerns and Geopolitical Tensions

The price of Brent crude oil, a key benchmark for Angolan exports, dropped by 2.31% on Tuesday, closing at $79.55 per barrel in the London futures market. This decline comes after a three-day rally that had pushed prices above the $80 mark. The drop in Brent prices was driven by concerns on Wall Street regarding crude oil’s future outlook. Major banks, including Goldman Sachs and Morgan Stanley, recently revised their 2025 price forecasts downward, predicting

Loading

Read More Here

Oil International Partnerships Petroleum

South Sudan Partners with China’s Sokec to Modernize Oil Industry

China’s Shengli Oilfield Keer Engineering and Construction Company (Sokec) has signed a landmark agreement with South Sudan’s state-owned Nile Petroleum Corporation (Nilepet) to construct modern oil refinery and storage facilities in the country. The Memorandum of Understanding (MoU) was signed by Sokec President Wu Song and Nilepet Managing Director Muhammad Lino Benjamin. This agreement marks the beginning of Sokec’s investment in South Sudan, the youngest nation in Africa. Benjamin praised Sokec for its contributions to

Loading

Read More Here

1 … 167 168 169 170 171 … 402

You have successfully subscribed to the AMG Weekly newsletter

There was an error while trying to send your request. Please try again.

Angolan Mining Oil & Gas will use the information you provide on this form to be in touch with you and to provide updates and marketing.