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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

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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

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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

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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

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Diamonds Local News

Lucapa Diamond Company Sells Six Diamonds for $12.4 Million

26, July, 202426, July, 2024

ASX-listed Lucapa Diamond Company has successfully sold six diamonds from the Lulo mine in Angola for $12.4 million in a special tender. The diamonds, totaling 447 carats, included five white Type IIa diamonds and one pink diamond. The average price per carat was approximately $27,700. Managing Director and CEO Nick Selby expressed satisfaction with the tender results, stating, “Our alluvial project in Angola consistently delivers exceptional diamonds that remain in high demand across all market

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Local Mining News

Pensana’s Geraldine Tchimbali Nominated for WIM100

25, July, 202425, July, 2024

Geraldine Tchimbali, the country manager for London-listed Pensana’s Longonjo rare earths project in Angola, has been nominated for the prestigious 100 Global Inspirational Women in Mining (WIM100). This biennial publication, released by Women in Mining UK, celebrates the accomplishments of women in the global mining industry. “[Geraldine] has been an enthusiastic member of the exploration team, contributing to potentially significant discoveries at the Coola project, located 75 km north of Longonjo,” said Pensana Chairperson Paul

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Local Mining News

Pensana Secures Additional Working Capital Through Share Sale

25, July, 202425, July, 2024

London-listed Pensana has announced that Chairperson Paul Atherley has sold 1.5 million ordinary shares to provide additional working capital for the company. This move follows a £2 million facility made available to the company by two of its directors in March. The proceeds from the sale will be used to contribute £250,000 under this facility, supporting the company while it finalizes its primary fundraising for the Longonjo rare earths refinery project in Angola. To avoid

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International Energy News

Egypt Greenlights AMEA Power’s 2 GW Renewable Energy Expansion Plan

24, July, 202424, July, 2024

The Egyptian Council of Ministers has approved a significant renewable energy project led by Dubai-based AMEA Power, which aims to connect 2 GW of green energy to Egypt’s grid by summer 2025. This plan includes expanding the Abydos solar project by 500 MW, boosting its total capacity to 1 GW. In addition to the solar expansion, AMEA Power is developing the 500 MW Amunet wind farm in Ras Ghareb, scheduled to commence operations in the

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International Exploration News Petroleum

Mozambique Grants Eni and ENH Concession for Offshore Petroleum Exploration

24, July, 202424, July, 2024

The Mozambican Government has approved a concession contract allowing Eni Mozambico and Empresa Nacional de Hidrocarbonetos (ENH) to explore and produce petroleum in the Angoche A6-C Offshore Area. This decision, announced by the Council of Ministers, grants exclusive rights to conduct petroleum operations and produce oil from deposits within the concession area, located offshore of Nampula and Zambézia provinces. The concession also includes non-exclusive rights to build and operate necessary infrastructure for production and transportation

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International Energy News

Elsewedy Electric Boosts Tanzania’s Power Output with New Hydroelectric Generators

24, July, 202424, July, 2024

Egypt’s Elsewedy Electric, in collaboration with The Arab Contractors, has successfully added three additional hydro turbine generators to Tanzania’s national power grid. This expansion boosts the Julius Nyerere Hydroelectric Power Project’s (JNHPP) total power output to 705 megawatts. The milestone was announced by Tanzanian Deputy Prime Minister and Minister of Energy Doto Biteko on July 16 during a site visit to JNHPP. This advancement represents a significant stride toward meeting the country’s electricity needs and

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