Vital Industry News
Nigeria–Morocco Gas Pipeline Gains Momentum as Europe Seeks New Energy Routes UAE Exit from OPEC Raises Volatility Risks for Global Oil Markets and African Producers Sudan’s Gold Sector Becomes Economic Lifeline Amid Prolonged Conflict Dangote Backs New East African Refinery Project in Tanzania Libya Partners with Chevron to Assess Shale Oil and Gas Potential Uganda Plans New Oil Licensing Round to Expand Reserves Cameroon Awards Five Oil and Gas Blocks in 2025–2026 Licensing Round Dakar LNG Terminal Project Set to Strengthen Senegal’s Energy Security UAE Exit from OPEC Raises Concerns Over Oil Market Stability and Nigeria’s Revenue Outlook Angola Oil Revenue Rises to $7.16 Billion in Q1 on Stronger Prices
International Gas News

Nigeria–Morocco Gas Pipeline Gains Momentum as Europe Seeks New Energy Routes

International Corporate News Oil

UAE Exit from OPEC Raises Volatility Risks for Global Oil Markets and African Producers

Gold International News

Sudan’s Gold Sector Becomes Economic Lifeline Amid Prolonged Conflict

More Angolan Mining News

International Gas News

Nigeria–Morocco Gas Pipeline Gains Momentum as Europe Seeks New Energy Routes

Nigeria–Morocco Gas Pipeline: Europe Eyes West African Gas as Alternative Energy Corridor by 2031 Nigeria-led…
International Corporate News Oil

UAE Exit from OPEC Raises Volatility Risks for Global Oil Markets and African Producers

UAE OPEC Exit Sparks Supply Uncertainty as Global Oil Market Faces Demand Weakness and Rising…
Gold International News

Sudan’s Gold Sector Becomes Economic Lifeline Amid Prolonged Conflict

Sudan Relies on Gold Revenues as War Enters Fourth Year, Smuggling and Investor Shifts Reshape…
International Corporate News Oil

Dangote Backs New East African Refinery Project in Tanzania

Dangote to Lead Tanzania Refinery Project as East Africa Pushes to Cut Fuel Imports Aliko…
Oil Corporate News Gas

Libya Partners with Chevron to Assess Shale Oil and Gas Potential

Libya’s NOC and Chevron Sign Deal to Study 123 Tcf Gas and 18 Billion Barrels…
International News Oil

Uganda Plans New Oil Licensing Round to Expand Reserves

Uganda to Launch Third Oil Licensing Round as It Prepares for First Crude Production Uganda…
Local News Oil Petroleum

Angola Enforces Stricter Laws on Petroleum Smuggling

Angola has taken a decisive step in curbing the illicit trade of petroleum products with the recent approval of Law No. 5/24. This legislation, aimed at combating smuggling, introduces harsh penalties for offenders and implements measures to confiscate assets gained from illegal activities. Under the new law, individuals involved in importing or exporting petroleum products to and from Angola face severe consequences, including prison terms ranging from three to twelve years. Moreover, swift mechanisms have

Loading

Read More Here

Economy Local News

Trade with Indonesia grew by almost 85 percent

Trade between Angola and Indonesia rose from 190.6 million dollars in 2019 to 1,033 million in 2023, a growth of 84.95 percent in five years, announced last week in Luanda, the minister advisor for Economic Affairs of the Indonesian Embassy in Namibia. Sulthon Sjahril made these statements at the Angola/Indonesia Business Forum, adding that, in 2022 alone, Angolan exports of petroleum oils, oils obtained from bituminous minerals and crude amounted to US$837.63 million. That same

Loading

Read More Here

Local News Oil

Angola exports 94.41 million barrels of oil in the first quarter

During the 1st quarter of this year, Angola exported around 94.41 million barrels of crude oil, valued at approximately US$7.77 billion, with an average price of US$83.161 per barrel. The data was announced this Wednesday, 25.04, during the presentation of the behavior of the Angolan oil and gas industry for the 1st quarter of 2024 and projection for the 2nd quarter. As in previous quarters, China was the main destination for Angolan oil (49.65%), followed

Loading

Read More Here

Local Diamonds Mining News

Mining sector controls 558 concession titles

Yesterday in Luanda, Mankenda Ambroise, a consultant to the Minister of Mineral Resources, Oil and Gas (MIREMPET), delivered key insights at the 3rd Mining Business Forum in Angola, themed “Innovation and Sustainability: Towards Industry Transformation Minas Gerais.” The forum, scheduled to conclude today, serves as a platform to address challenges and opportunities in Angola’s mining sector. Ambroise, speaking on behalf of Minister Diamantino Azevedo, highlighted the ongoing efforts to diversify mineral production in Angola and

Loading

Read More Here

Local Energy Gas News Oil

Angola’s Energy Sector Thrives Despite Global Challenges

Angola’s energy sector continues to demonstrate resilience and potential, as highlighted by recent reports from the Ministry of Mineral Resources, Oil and Gas (MIREMPET). In the first quarter of 2024, the country exported a significant volume of Liquefied Natural Gas (LNG), Liquefied Petroleum Gas (LPG), and condensates, totaling 966,394 metric tons, generating revenue of $393.6 million. While these figures represent a slight decrease compared to the previous quarter, they underscore the ongoing strength of Angola’s

Loading

Read More Here

Local Economy News Transport and Logistics

USAID Invests $5 Million in Women’s Projects Along the Lobito Corridor

The United States Agency for International Development (USAID) has announced a $5 million investment in projects benefiting women along the Lobito Corridor, aiming to uplift communities and combat poverty. Samantha Power, the administrator of USAID, visited Benguela and Lobito to underscore the impact of ongoing programs in the region, particularly in agriculture, which are expected to alleviate hunger and poverty for thousands of people. She highlighted the expansion of the Women in Angolan Agriculture (WAF)

Loading

Read More Here

Local Economy News

BODIVA moves 1.19 billion kwanzas in the first three months

The Angolan Debt and Stock Exchange (BODIVA) registered, in the first quarter of 2024, 1.19 billion kwanzas in negotiations, in a bilateral and multilateral environment, according to the institution’s Dashboard. Data from Bodiva’s Monthly Report indicate that the Reporting Operations Market (MOR) registered greater movement, with a volume of 1.03 billion kwanzas. The value negotiated in the first three months of this year was above that recorded in the same period of 2023, which was

Loading

Read More Here

International Oil Renewable Energy

COTTCO Embarks on $3.5 Million Investment for Solar Power and Oil Processing Facilities

The Cotton Company of Zimbabwe (COTTCO) is set to enhance its operational efficiency and revenue generation through a $3.5 million investment in the development of an oil expression plant and a solar power facility. Scheduled for completion by Q4 – 2024, the 1.2 MW solar power facility in Muzarabani aims to strengthen energy security for COTTCO’s cotton processing operations. Meanwhile, a $1.5 million investment will fund the construction of an oil processing facility in Gokwe,

Loading

Read More Here

International News Oil Petroleum

Niger and Mali Forge Diesel Supply Pact for Energy Security

Niger and Mali have entered into a landmark agreement aimed at bolstering Mali’s energy security through the provision of affordable diesel. Under the deal, Niger will supply 150 million liters of diesel to Mali’s state energy firm, Énergie du Mali, at a significant discount. The agreement underscores Niger’s commitment to supporting Mali’s energy needs and ensuring stable and reliable electricity production, which is crucial for Mali’s socio-economic development. This partnership is part of broader efforts

Loading

Read More Here

International Gas Gold Mining Projects News

Invictus Energy Partners with Himoinsa and Dallaglio for Gas-to-Power Project in Zimbabwe

Invictus Energy, an independent upstream oil and gas company, has inked a Memorandum of Understanding (MoU) with Himoinsa Southern Africa Proprietary Limited and Dallaglio Investments Pvt Ltd. The agreement aims to develop a gas-to-power project to supply electricity to the Eureka Gold Mine in Zimbabwe. Under the partnership, Invictus Energy will provide feedstock from its Cabora Bassa Project to fuel a proposed 12MW gas-to-power plant, which will be constructed by Himoinsa. The electricity generated from

Loading

Read More Here

1 … 217 218 219 220 221 … 402

You have successfully subscribed to the AMG Weekly newsletter

There was an error while trying to send your request. Please try again.

Angolan Mining Oil & Gas will use the information you provide on this form to be in touch with you and to provide updates and marketing.