Angolan Mining Oil & Gas - Page 183 of 390 - Top Angolan News for Oil, Gas and Mining Industries

Local Mining Projects News

Pensana Appoints Luigi Bruni as Construction Manager for Longonjo Rare Earths Project

25, June, 202425, June, 2024

Rare earths mining company Pensana has announced the appointment of Luigi Bruni as the construction manager for the site team at the Longonjo rare earths project in Angola. Bruni brings extensive experience to the project, having served as construction manager for 15 international mining and oil and gas projects over the past 20 years. Recently, containerized accommodation facilities for 350 personnel arrived in Angola from South Africa via sea, rail, and road. The successful confirmation

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Oil Local News

Galp Divests Key Assets in Mozambique and Angola

25, June, 202425, June, 2024

Galp has finalized the sale of its stakes in key projects in Mozambique and Angola, marking a strategic shift in its portfolio. In May and June 2024, the Portuguese energy company sold its blocks and shares in these regions, starting with a significant transaction involving the Abu Dhabi National Oil Company (ADNOC). Reuters and Bloomberg first reported in May that Galp sought to sell a 40% stake in the Mopane discovery PEL 83 in the

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International News Renewable Energy

British International Investment Plc Supports Tanzania’s Renewable Energy Expansion

24, June, 202424, June, 2024

British International Investment Plc (BII), the UK’s development-finance arm, is embarking on its first renewable energy project in Tanzania. According to Nick O’Donohoe, CEO of BII, the firm has agreed to initially lend $15 million to Meridiam SAS’s Rift Valley Energy for the development of 7.6 megawatts of wind and small-scale hydro projects. This investment could potentially increase to $25 million. “These new installations will provide electricity to 170,000 consumers, many of whom were previously

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International News Oil

Libya’s National Oil Corporation Reports Rising Production and Ambitious Expansion Plans

24, June, 202424, June, 2024

The National Oil Corporation (NOC) announced last week that daily crude oil production has reached 1,254,000 barrels. Additionally, condensate production over the past 24 hours was 54,141 barrels, while natural gas production stood at 200,483 barrels of oil equivalent. On June 11, the NOC revealed plans to drill 121 new wells in 2024 to explore additional oil and gas resources. The corporation also plans to conduct maintenance on approximately 1,335 existing wells to ensure the

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International Gas News

TotalEnergies Invests $550 Million in Nigeria’s Gas Infrastructure Amid Policy Challenges

24, June, 202424, June, 2024

TotalEnergies is investing $550 million to build a gas processing facility in Rivers State, Nigeria, aimed at boosting both exports and domestic supply. According to a source within the Nigerian National Petroleum Corporation Limited (NNPCL), the investment will encompass a gas processing plant and a pipeline. An official announcement of the agreement is expected this week. This development follows TotalEnergies’ recent decision to invest $6 billion in energy projects in Angola, citing policy inconsistencies in

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International News Oil

Namibia Emerges as a Key Player in Oil Exploration

24, June, 202424, June, 2024

Recent discoveries along Namibia’s coast have transformed the country into a major hotspot for oil exploration. While Namibia has not yet produced any oil or gas, significant finds by major oil companies like TotalEnergies and Shell, estimated at 2.6 billion barrels, set the stage for production to begin around 2030. The Orange Basin has been a focal point of these discoveries, with other promising areas including the Luderitz, Kavango, and Walvis basins. Chevron, the U.S.

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Local Energy Mining Oil Renewable Energy

US Supports Angola’s Shift from Oil to Critical Minerals and Clean Energy

24, June, 202424, June, 2024

The United States is supporting Angola’s transition from an oil-dependent economy to a hub for critical minerals processing and clean power exportation, according to a senior US official. “Angola and the United States are aligned on all the major points related to energy access, energy security, decarbonization, and critical minerals,” stated US Assistant Secretary of State for Energy Resources Geoffrey Pyatt during an online media briefing on Tuesday. Angola, a leading crude oil producer in

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Diamonds International News

Diamcor Mining Extends Closing Date for Second Tranche of Private Placement

21, June, 202421, June, 2024

Diamond mining company Diamcor Mining is seeking to extend the closing date for the second tranche of its non-brokered revised private placement, following the successful closure of the first tranche on June 4. Initially announced on May 1, the original offering was expected to be oversubscribed. Consequently, Diamcor is seeking additional time to finalize documentation and other required items for several additional interested investors. The second and final tranche of the offering is now expected

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International Renewable Energy

Ghana introduces West Africa’s largest floating solar PV system

18, June, 202418, June, 2024

Ghana has initiated a major solar energy project which would utilize solar and hydro resources. The project stands as one of a kind in the sub-region of West Africa and is intended to supply at least 10% of the country’s power once fully actualized. Despite its promise to lessen the usage of fossil fuels, the project has caused controversy and sparked worries about potential environmental effects. Ghana has launched West Africa’s largest floating solar PV

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International

Dispute intensifies between European LNG buyers and Venture Global LNG over commissioning Cargoes

18, June, 202418, June, 2024

Venture Global LNG has strongly criticized Shell for its poor performance record at its LNG facilities, intensifying a dispute between European LNG buyers and the U.S.-based company. The conflict involves Shell, BP, Repsol, Galp, and other European LNG buyers, and centers on the definition of commissioning cargoes from a new LNG facility, which has significant implications for financing and future LNG sales. According to a report by Riviera Maritime Media, European buyers allege that Venture

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