Angolan Mining Oil & Gas - Page 170 of 390 - Top Angolan News for Oil, Gas and Mining Industries

Gold News

Gold Prices Surge Amid U.S. Interest Rate Expectations and China’s Accumulation

28, July, 202428, July, 2024

Gold prices surged on Monday, reaching a peak for the seventh consecutive session. This rise is driven by expectations of interest rate cuts in the United States and increased gold accumulation by China. An ounce of gold (approximately 31.1 grams) reached $2,355 in recent trading. For delivery in August, the price of gold on the international market increased on Friday, closing up 1.17 percent at $2,381 per ounce. Gold in Angola According to recent data

Read More Here

Local News Oil

ExxonMobil to Invest $15 Billion in Angola’s Namibe Basin by 2030

28, July, 202428, July, 2024

ExxonMobil plans to invest up to $15 billion in Angola’s Namibe basin by 2030, as part of ongoing drilling campaigns. With 30 years of experience in the country, the company is developing large-scale oil and gas projects and enhancing output at existing fields. Katrina Fisher, ExxonMobil’s lead country manager and managing director for Angola, will provide an update on the company’s project portfolio in Angola during the African Energy Week (AEW): Invest in African Energy

Read More Here

International Renewable Energy

Egypt to Enhance Electrical Capacity with $700 Million Wind and Solar Projects

28, July, 202428, July, 2024

The Egyptian Ministry of Electricity and Renewable Energy plans to increase the country’s electrical capacity by 750 megawatts with two new wind and solar energy projects by October 2024. These projects represent a total investment of $700 million and will significantly advance Egypt’s renewable energy goals. The first project, a wind energy initiative, will be inaugurated in August with a capacity of 250 megawatts. It is being developed through a partnership between Orascom Construction, Toyota,

Read More Here

International Oil

Sentuo Group Invests $980M in Tema Refinery

28, July, 202428, July, 2024

Sentuo Group is investing $980 million to build a two million metric tons per year oil refinery in Tema, with a second phase planned to add another three million metric tons per year. Mr. Xu Ningquan, Executive Chairman of the Sentuo Group, announced the investment when representatives from the African Refiners Association (ARDA) and the Cooperation on International Traceability in Analytical Chemistry (CITAC) paid a working visit to the Sentuo Oil Refinery in Tema. Currently,

Read More Here

Oil International News

Senegal Exports First Crude Oil Shipment to Europe

28, July, 202428, July, 2024

Senegal has entered the oil export market, with its first shipment of crude oil reaching Europe. According to Africa Ports, the 158,268-dwt crude oil tanker Maran Poseidon transported Senegal’s medium-sour crude oil to the Netherlands and Germany. The oil was extracted from the Sangomar offshore oil and gas field in the MSGBC basin, which includes Mauritania, Senegal, the Gambia, Guinea-Bissau, and Guinea-Conakry. This field is located about 96 km south of Senegal’s Port of Dakar.

Read More Here

International News Oil

Mozambique Imposes New Reporting Requirements on Oil Concessionaires

28, July, 202428, July, 2024

Oil concessionaires in Mozambique must now provide detailed information on salaries and the contracting of goods and services to the government, including proof of tender proposals received. This new mandate is outlined in the Ministry of Mineral Resources and Energy’s diploma 55/2024, effective from July 5th, 2024, which approves Guidance Mechanisms for Obligations for Contracting Goods and Provision of Services, Employment Programs, Training Programs, Association with Nationals, Preferential Rights, and Adjustment of Conduct of concessionaires.

Read More Here

Energy

Mozambique Approves Eni-Led Petroleum Exploration in Angoche A6-C Offshore Area

28, July, 202428, July, 2024

The Mozambican Government has approved the concession contract for petroleum exploration and production in the Angoche A6-C Offshore Area. This agreement involves Eni Mozambico as the operator and Empresa Nacional de Hidrocarbonetos (ENH) as the partner. The Council of Ministers made this decision during an ordinary meeting, granting the concessionaire exclusive rights to conduct petroleum operations within the specified concession area. This includes producing oil from underground resources and building infrastructure for petroleum production and

Read More Here

Oil International News

Dangote’s Refinery Faces Crisis Amid Nigeria’s Oil Supply Shortage

26, July, 202426, July, 2024

Nigeria’s largest oil company, Dangote, risks going out of business due to a lack of support from the state, which currently cannot supply crude oil to its newly inaugurated refinery. After launching one of Africa’s largest refineries, designed to provide oil at lower costs for the population, Dangote is now confronting an unprecedented crisis. Despite the company’s requests, the Nigerian government has stated it does not have crude oil available for supply. Consequently, the government

Read More Here

Diamonds International News

De Beers’ Sky Park Building Achieves Prestigious Green Ratings

26, July, 202426, July, 2024

Diamond miner De Beers’ new rough diamond sorting, valuation, and sales building, Sky Park, in Johannesburg, has received multiple prestigious green ratings from the Green Building Council of South Africa (GBCSA). The building has earned a five-star interior green rating and two four-star green building ratings. These ratings were awarded for sustainable design elements proposed and approved by the GBCSA, as well as the ‘As-Built’ rating, which evaluates the use of green and sustainable materials

Read More Here

Gas International News

Australia Issues New Offshore Gas Exploration Permits to Address Supply Concerns

26, July, 202426, July, 2024

Australia announced new offshore gas exploration permits for its east and west coast markets on Tuesday, aiming to alleviate concerns about long-term supply gaps as the country transitions away from coal-fired power stations. The center-left Labor government considers gas a critical element in its move towards cleaner energy, despite its commitment to achieving net-zero carbon emissions by 2050. In May, the government supported long-term gas drilling. “As ageing coal generation comes offline in the coming

Read More Here

« Prev 1 … 168 169 170 171 172 … 390 Next »

More Angolan Mining News