Angolan Mining Oil & Gas - Page 22 of 295 - Top Angolan News for Oil, Gas and Mining Industries

Mozambique President Meets TotalEnergies CEO to Discuss Stalled LNG Project

28, January, 202528, January, 2025

Mozambique’s President, Daniel Chapo, recently met with Patrick Pouyanne, CEO of TotalEnergies, to discuss the status of the company’s delayed $20 billion liquefied natural gas (LNG) project in the southern African country. The Mozambique LNG project, initially expected to restart construction by the end of 2024 and begin gas production by 2029, has faced setbacks. Last week, TotalEnergies confirmed that force majeure remains in place for the project due to ongoing security concerns and pending

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Local Infrastructure News

Namibe Ornamental Rock Development Hub Begins Construction

28, January, 202528, January, 2025

The construction of the Ornamental Rock Development Hub in Namibe province officially began on Tuesday with the laying of the first stone. The event was attended by the Secretary of State for Mineral Resources, Janio Correa Victor, and the provincial governor, Archer Mangueira, who jointly led the ceremony. The hub, set to create approximately 400 jobs, is being developed by Telhabel. According to a statement from the provincial government of Namibe, the project aims to

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Local Gas Oil

Angola’s 2024 Oil and Gas Exports Yield $31.4 Billion

28, January, 202528, January, 2025

Angola generated $31.4 billion in 2024 from the export of 393.4 million barrels of crude oil, sold at an average price of $79.70 per barrel, according to a government statement on Thursday. The Secretary of State for Oil and Gas, José Barroso, reported that China was the top destination for Angola’s oil exports, receiving 51.91% of the total, followed by India with 10.02%, Spain with 6.27%, and Indonesia with 4.81%. While the export volume increased

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Local Exploration News Oil

Angola’s Parliament Approves Block 14 Oil Concession Changes for Joint Exploration with DR Congo

28, January, 202528, January, 2025

Angola’s Parliament unanimously approved a request this Wednesday for authorization to modify the oil concession for Block 14, which includes areas of joint exploration between Angola and the Democratic Republic of Congo (DRC). In his presentation, the Secretary of State for Oil and Gas, José Barroso, explained that the proposed changes involve detaching the Negaje and Menongue development areas from Block 14 for integration into the Block 14/23 concession. This adjustment will help redefine the

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Corporate News International Oil

Marketers Consider Shifting from Dangote Refinery as Imported Fuel Prices Decline

28, January, 202528, January, 2025

Oil marketers have announced that the landing cost of Premium Motor Spirit (PMS), commonly known as petrol, decreased to ₦922.65 per litre as of Friday, marking a ₦32.35 drop from the previous ₦955 per litre price at Dangote’s loading gantry. This figure reflects several components, including shipping fees, import duties, and exchange rate variations. “The lower cost of imported petrol often serves as an incentive to dealers, and you can’t fault marketers who choose to

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International News

Ghana Achieves Record $5 Billion Trade Surplus in 2024 Driven by Gold Exports

28, January, 202528, January, 2025

Ghana recorded a historic $5 billion trade surplus in 2024, bolstered by a sharp increase in gold exports, according to the Bank of Ghana. The surplus marked a significant jump from the $2.7 billion recorded in 2023, underscoring the country’s financial progress. Gold exports soared by more than 50% to $11.6 billion, solidifying the country’s reputation as a major gold producer. This strong trade performance is expected to provide much-needed stability to Ghana’s economy, which

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Corporate News International Oil

Algeria Partners with Chevron to Explore Offshore Oil Potential

28, January, 202528, January, 2025

Algeria has signed a two-year agreement with U.S. energy giant Chevron to evaluate offshore oil reserves in the Mediterranean, according to the country’s energy ministry. The agreement, established between Algeria’s national hydrocarbon agency, Alnaft, and Chevron North Africa, focuses on conducting detailed studies to assess offshore oil resources, identifying opportunities for exploration and development. This initiative is part of Algeria’s strategy to advance its hydrocarbon sector, attract high-quality investments, and enhance technical expertise in offshore

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International Renewable Energy

Egypt to Host Africa’s Largest Wind Energy Project with €1 Billion Investment

28, January, 202528, January, 2025

French infrastructure fund Meridiam has joined forces with the European Bank for Reconstruction and Development (EBRD), Hassan Allam Utilities (HAU), and Saudi-based ACWA Power to develop a €1 billion wind energy project in Egypt, poised to become Africa’s largest. Spanning two sites in the Gulf of Suez desert, the wind farm is expected to generate 1,100 MW of power upon completion in 2027. This aligns with Egypt’s renewable energy target to increase renewables to 42%

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News

Africa to Launch 41 Green Hydrogen Projects by 2030 Amid Challenges

28, January, 202528, January, 2025

Africa is set to begin constructing 41 green hydrogen projects by 2030, according to the Energy Industries Council (EIC), a global energy trade body. Despite the sector’s potential, it faces significant challenges, including securing buyers, developing regulatory frameworks, and building essential infrastructure. North African nations like Egypt, Algeria, and Morocco, with year-round sunshine, are well-positioned for investments in green hydrogen production and export facilities, as highlighted in the Africa OPEX report 2025. However, the report

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Corporate News Gas International Oil

TotalEnergies’ $20 Billion Mozambique LNG Project Faces Delays Over Security and Financing

28, January, 202528, January, 2025

TotalEnergies has confirmed that its $20 billion Mozambique LNG project will miss the 2029 production target due to unresolved force majeure and ongoing security concerns in the region. Initially, the company planned to lift force majeure and restart construction by late 2024, which would have facilitated production by 2029. However, delays in financing and security stabilization have extended the timeline. A $4.7 billion loan from the US Export-Import Bank (Exim) remains unapproved since construction halted

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