Angolan Mining Oil & Gas - Page 19 of 295 - Top Angolan News for Oil, Gas and Mining Industries

Local Corporate News Oil

Petrobras Expands African Presence and Eyes Angola for New Oil Exploration

11, February, 202511, February, 2025

Brazilian oil giant Petrobras is actively exploring new opportunities in Angola following its return to African oil exploration via São Tomé and Príncipe in 2023. The company confirmed to Lusa that it continuously evaluates strategic areas to replenish reserves and maximize profitability. Petrobras is particularly interested in oil basins along Africa’s Atlantic coast, including Angola, due to their geological similarities with Brazil’s Campos, Santos, and Pelotas basins. In February 2024, Petrobras acquired three exploratory blocks

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Local News Oil Petroleum

Angola’s Petroleum Derivatives Market Records $756 Million in Fuel Acquisitions in Q4 2024

11, February, 202511, February, 2025

Angola’s petroleum derivatives market acquired approximately 1,316,697 metric tons (MT) of fuel for commercialization in the fourth quarter of 2024. Of this total, 60% was diesel, 27% gasoline, 5.3% fuel oil, 5.2% Jet A1, 1% asphalt bitumen, and 0.8% illuminating kerosene. These figures were presented on Thursday by Luís Fernandes, Director-General of the Petroleum Derivatives Regulatory Institute (IRDP), during a review meeting on sector activities. He noted that liquid fuel acquisitions came from the Luanda

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Local Corporate News Transport and Logistics

Africell Expands Digital Services in Angola Through Lobito Corridor

11, February, 202511, February, 2025

Africell is leveraging the Lobito Corridor to expand its digital technology and internet services across Angola, aligning with the United Nations’ 2030 Sustainable Development Goals (SDGs) and the National Development Plan (NDP) 2023-2027. The announcement was made by Jorge Vazquez, CEO of Africell Angola, during the company’s 25th-anniversary celebration in Luanda. He highlighted Angola’s market potential and the strong relationship between the Angolan government and the United States as key factors in Africell’s success. The

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Oil Exploration Local News

Angola Offers Marginal Fields for Exploration to Attract New E&P Firms

11, February, 202511, February, 2025

Angola’s National Oil, Gas & Biofuels Agency (ANPG) is offering five marginal fields for exploration, alongside 24 other block opportunities. Located in operated blocks with competitive fiscal terms, these fields present an accessible entry point for smaller exploration and production (E&P) firms aiming to expand or enter the region. The sixth edition of Angola Oil & Gas (AOG), scheduled for September 3-4, 2025, in Luanda, will spotlight Angola’s marginal field opportunities. The event will bring

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Partnerships Corporate News Diamonds Energy International

Sasol Partners with De Beers and Anglo American for Renewable Diesel Pilot in South Africa

11, February, 202511, February, 2025

Sasol, an integrated energy and chemical company, has signed a Joint Development Agreement (JDA) with diamond company De Beers and global mining giant Anglo American to launch a renewable diesel pilot project in South Africa. The initiative aims to evaluate the commercial and technical viability of producing renewable diesel. The project will use Solaris and Moringa crops to produce vegetable oil, which will then serve as feedstock for Sasol’s existing facilities, designed to produce low-cost

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Local News Transport and Logistics

Angola President Inaugurates Barra do Dande Ocean Terminal’s First Phase

11, February, 202511, February, 2025

Angolan President João Lourenço has inaugurated the first phase of the Barra do Dande Ocean Terminal, a major development in the country’s oil and gas logistics infrastructure. The terminal will bolster Angola’s energy trade and enhance national oil company Sonangol’s fuel storage capacity. The terminal features 29 storage tanks with a combined capacity of 580,000 cubic meters for gasoline, diesel, and gas. A 1,700-meter jetty allows the facility to accommodate large vessels. A second phase

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Diamonds Corporate News Local

Endiama and N’Dumba Sign Diamond Exploration Agreement

11, February, 202511, February, 2025

Endiama, Angola’s state-owned diamond-trading company, has signed a mining investment agreement with N’Dumba, a subsidiary of the Jean Boulle Group, to engage in diamond prospection, exploration, and commercialization. The agreement was formalized at the Mining Indaba in Cape Town, South Africa, with Angolan Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, and Rui Xavier, Angola’s ambassador to South Africa, in attendance during the signing ceremony, Endiama reported on Tuesday. The N’Dumba concession, located in

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Corporate News Diamonds Local

Lucapa Diamond Company Faces Disruption at Lulo Mine Due to Local Blockade

11, February, 202511, February, 2025

Lucapa Diamond Company is currently facing a production disruption at its Lulo mine in Angola after local community leaders barricaded all entrances to the site, making a series of unreasonable demands, according to the company. While the blockade remains peaceful, it has prevented Lucapa’s workers from entering or exiting the site. The company expressed concern for the safety of its employees should it attempt to break through the barricade. Although the workers who are inside

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Diamonds Corporate News Local

Lucapa Diamond Company Faces Revenue Slump Amid Falling Diamond Prices

11, February, 202511, February, 2025

Lucapa Diamond Company reported a sharp 71% year-on-year decline in revenue for the fourth quarter of 2024, as the lower proportion of large diamonds significantly impacted the average price per carat. Sales from the company’s Lulo mine in Angola dropped to $10 million for the quarter, with the average price per carat plunging by 80% to $1,251. However, the company saw a 42% increase in sales volume, reaching 8,016 carats. The steep drop in average

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Corporate News Diamonds International

NUM Criticizes Petra Diamonds Over Mass Layoffs Amid Industry Downturn

11, February, 202511, February, 2025

The National Union of Mineworkers (NUM) has condemned Petra Diamonds for its decision to lay off over 200 workers as part of a cost-cutting strategy. This decision comes in the wake of an extended downturn in the diamond industry, which has forced several companies, including Petra, to make difficult decisions regarding staffing, production, and pricing forecasts. The layoffs specifically target employees at Petra’s Cullinan and Finsch mines in South Africa. Petra initially announced the layoffs

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