Angolan Mining Oil & Gas - Page 188 of 390 - Top Angolan News for Oil, Gas and Mining Industries

Dangote Refinery Makes Waves with First European Jet Fuel Shipment

5, June, 20245, June, 2024

Nigeria’s Dangote refinery has reached a new milestone by exporting its first jet fuel cargo to Europe. This move marks a significant expansion of the refinery’s reach and potential impact on global fuel markets. British multinational BP is currently transporting the initial shipment, consisting of 45,000 metric tons of jet fuel, onboard the Doric Breeze from the Lekki Free Zone in Lagos, Nigeria. This shipment follows BP’s successful bid for a portion of a 120,000

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Gold International

Top 10 African countries with the largest gold reserves

5, June, 20245, June, 2024

Natural resources abound in Africa, particularly substantial gold deposits, which are vital to the economies of the continent. While there are considerable obstacles such as environmental and administrative concerns, the potential for additional exploration and development remains high, making gold an important part of Africa’s economic future. African Countries Bolster Gold Reserves Amid Global Uncertainty In recent years, African countries have taken significant steps to strengthen their gold reserves, positioning themselves favorably amidst global economic

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Local Exploration Mining Mining Projects News

ANPG to Launch Geological Mapping Project in Etosha/Okavango Basin

4, June, 20244, June, 2024

The National Oil, Gas and Biofuel Agency (ANPG) is gearing up to launch the first phase of a significant project in southern Angola. The initiative, titled “Geological Mapping and Demining Study Project,” will focus on the Etosha/Okavango Basin, spanning the provinces of Moxico, Cuando Cubango, and Cunene. This project aims to assess the oil and hydrocarbon potential within the basin. Initial areas of interest include Chiedi in Namacunde municipality and Ruacana in Curoca, both located

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Local Gas Mining Oil

Angola to Invest in Geological Staff Training to Enhance Mineral Exploration

4, June, 20244, June, 2024

Angola is prioritizing the technical training of its geological workforce to tackle the challenges of prospecting, discovering, and managing valuable mineral deposits. This commitment was reaffirmed at the recent opening of a seminar titled “Geological Workflow – Drilling to Geological Decision, Applied to the Oil and Gas Industry.” The event, co-hosted by the Geological Institute of Angola (IGEO) and Seequent, brought together industry professionals for a two-day discussion on mining challenges in Angola. Importance of

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Gold International News

Gold smuggling in Africa reaches more than 30 billion dollars

4, June, 20244, June, 2024

African gold smuggling amounts to more than 30 billion dollars a year, most of it to the United Arab Emirates, where it is refined and then sold around the world, reveals a report published last week. The data comes from a report by Swissaid, a development aid organization based in Switzerland, and indicates that in 2022, gold worth 30 billion dollars left the African continent illegally. According to Lusa, the main destinations for African gold

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Local Economy Gas News Oil

Angola Ramps Up Oil and Gas Sector with Investments in Refining, Storage, and Decarbonization

4, June, 20244, June, 2024

Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino de Azevedo, outlined a multi-pronged approach to strengthen the country’s oil and gas sector. The plan focuses on attracting investment, achieving self-sufficiency in refined products, and promoting responsible development. The Angolan government is actively seeking investment in several areas: -Refining, Storage, Transport, and Distribution (RST&D) of petroleum products -Construction of gas stations to improve distribution efficiency -Onshore storage facilities with the Barra do Dande Ocean Terminal

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Oil News

Brent Oil Prices Dip Below $80 as OPEC+ Extends Production Cuts

4, June, 20244, June, 2024

The price of Brent crude oil, a key benchmark for Angolan exports, fell below $80 a barrel for the first time since February. Brent for August delivery dropped 2.62% to $78.93 a barrel. The North American benchmark, West Texas Intermediate (WTI), for July delivery, also declined 2.86%, settling at $74.79 a barrel. This price decline coincides with the recent decision by OPEC+ (Organization of the Petroleum Exporting Countries and allies) to extend production cuts. On

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International News Oil

OPEC+ Extends Production Cuts, Saudi Arabia and Others Announce Phased Increases

4, June, 20244, June, 2024

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have announced plans to extend production cuts and introduce a phased increase for some member states. Eight OPEC+ members, including Saudi Arabia and Russia, will extend their voluntary production cuts beyond their original June 2024 expiration date. These additional cuts, totaling 2.2 million barrels per day (mbpd), will be extended until the end of September 2024. Following this, a gradual

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Diamonds International News

De Beers Halts Lab-Grown Diamond Production to Focus on Natural Gems

4, June, 20244, June, 2024

De Beers announced a strategic overhaul, ceasing the production of synthetic diamonds for its Lightbox consumer brand to concentrate on manufacturing and selling natural polished diamonds. This pivot aligns with the company’s new “Origins” strategy, emphasizing the value of natural diamonds and technology over synthetic jewelry. Transition to Technology Hub At the JCK Las Vegas breakfast event, De Beers CEO Al Cook explained that the company will streamline its Element Six business, merging its three

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Local News Oil

Sonangol Controls Fuel Leak on Catete Road Pipeline

3, June, 20243, June, 2024

A fuel leak discovered midweek in a pipeline along Catete Road, near the FTU drainage ditch, has been brought under control. Sonangol Distribuição e Comercialização, the public company managing the pipeline, announced that upon identifying the rupture, they immediately suspended the pipeline’s operation. In a statement accessed by Jornal de Angola, Sonangol mentioned that the leak was likely caused by external factors, which are still under investigation. Ongoing analyses are expected to provide a precise

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