Angolan Mining Oil & Gas - Page 191 of 390 - Top Angolan News for Oil, Gas and Mining Industries

Local News Oil

TechnipFMC Delivers First Subsea 2.0 Production System to TotalEnergies for Angola’s CLOV Project

27, May, 202427, May, 2024

Energy engineering and technology company TechnipFMC has successfully delivered the first Subsea 2.0 Production System to TotalEnergies. This innovative system aims to simplify, compact, and enhance submarine equipment, boosting production for the CLOV project in Block 17 offshore Angola. The Subsea 2.0 Production System results from a contract signed between TechnipFMC and TotalEnergies, under a framework agreement established in May 2022. This system is crucial for developing Phase 3 of the CLOV project in Block

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Local Gas Mining News Oil

Diamantino Azevedo Calls for Increased Investment in Angola’s Mineral Resource Processing

27, May, 202427, May, 2024

The Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, emphasized the urgent need for greater investment in the transformation of Angola’s mineral resources through the construction of more processing factories. Speaking at the IX Extended Consultative Council in Cuito, Bié province, Azevedo highlighted the critical issue of Angola and Africa being predominantly raw material producers, exporting these materials to industrialized nations that reap the maximum benefits. “Currently, our country still imports around 20 percent

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Renewable Energy Local News

Luena Solar-PV Energy Park Inaugurated to Boost Angola’s Energy Diversification

27, May, 202427, May, 2024

The Luena Solar-Photovoltaic Energy Park in Moxico, with an installed capacity of 25.3 megawatts peak (MWp) and the potential to supply electricity to 59,463 customers, was officially activated on Friday last week. This project is part of the Angola 2025 Plan, a government initiative aimed at diversifying the country’s energy mix and ensuring that 82 percent of the rural population has access to electricity. According to a statement from the Ministry of Energy and Water,

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Local News Transport and Logistics

Luanda Truck Drivers Call for Government Support to Modernize Aging Fleet

27, May, 202427, May, 2024

Osvaldo Mateus, president of the Association Núcleo dos Camionistas de Luanda (ANCL), has called on the government to provide institutional financing for acquiring new truck fleets, replacing those that are over 30 years old. In an interview with Jornal de Angola, Mateus highlighted that despite some ANCL members owning five to ten trucks, the majority of vehicles are over three decades old and in dire need of replacement. He emphasized the “notorious shortage of parts

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Diamonds International News

U.S. Reevaluates Strict G7 Ban on Russian Diamonds Amid Global Opposition

27, May, 202427, May, 2024

The United States is reconsidering the strictest aspects of a G7-imposed ban on Russian diamonds, following resistance from African countries, Indian gem polishers, and New York jewelers, according to seven sources cited by Reuters. The sanctions package, agreed upon in December and including an EU-wide ban, represents a major shift in the diamond industry. Two sources familiar with the negotiations stated that the U.S. has largely disengaged from G7 working groups on stringent controls, with

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Oil Economy Local News

Angola Pledges Stability in Investor Contracts and Embraces New Technologies in Oil Sector

27, May, 202427, May, 2024

Angola is committed to maintaining stability in contracts with external investors while investing in new technologies to enhance the oil sector. This was announced by the Minister of Mineral Resources, Oil, and Gas, Diamantino Pedro Azevedo, during the opening of the “1st Offshore Exploration Forum in Angola” held in Luanda. Minister Azevedo emphasized that the strength of Angola’s oil sector lies in the stability of its contracts with companies. He assured that this cooperation would

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International News Oil Petroleum

TotalEnergies Commits $600 Million to Enhance Congo Operations, Skips Nigerian Oil Sector Again

27, May, 202427, May, 2024

French oil giant TotalEnergies has committed $600 million to bolster its operations in the Republic of Congo, continuing to bypass investment in Nigeria. This decision, announced by TotalEnergies’ CEO Patrick Pouyanne during a visit to Kenya, follows the company’s earlier choice to allocate $6 billion to Angola instead of Nigeria, citing policy inconsistencies and other challenges in the West African country. The $600 million investment will be directed towards exploration and production activities in Congo’s

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International Exploration News Oil

Nafusa Oil Operations Announces Resumption of Exploration in North Hamada Field

27, May, 202427, May, 2024

Nafusa Oil Operations BV has announced that the National Oil Corporation (NOC) has acquired its foreign partner’s share in the development of the North Hamada field. T his acquisition enables the resumption of exploration in Block 47 of the Ghadames Basin, which had been paused since 2014. In a statement released on Friday, Nafusa Oil Operations highlighted that this acquisition is expected to facilitate new discoveries in Block 47. These discoveries can be quickly developed

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International Energy Gas

President Tinubu Launches Major Gas Projects to Boost Nigeria’s Energy Sector

27, May, 202427, May, 2024

President Bola Tinubu and the Nigerian government have inaugurated three significant gas projects aimed at strengthening the country’s energy sector. The projects include the expanded AHL Gas Processing Plant, the ANOH Gas Processing Plant, and the 23.3-km ANOH to Obiafu-Obrikom-Oben (OB3) Custody Transfer Metering Station Gas Pipeline, all located in southeastern Nigeria. The inauguration ceremony was chaired virtually by President Tinubu from Abuja. The AHL Gas Plant is a collaborative venture involving the Nigerian National

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Diamonds International

Antwerp Backs Multiple Verification Points for Diamond Sanctions

27, May, 202427, May, 2024

The Antwerp World Diamond Centre (AWDC) is advocating for rough-verification nodes outside the Group of Seven (G7) bloc as a way of enforcing sanctions on Russian goods, the organization said. “We believe this is a necessary step in the further development towards a control system that meets the interest of all stakeholders involved, in particular those of African producing countries,” according to a statement the AWDC released on Friday. “The conversations are progressing constructively, and

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