Angolan Mining Oil & Gas - Page 225 of 391 - Top Angolan News for Oil, Gas and Mining Industries

International Gas News

WAPCo Restores Gas Delivery After Tema Facility Shutdown

27, March, 202427, March, 2024

The West African Gas Pipeline Company Limited (WAPCo) has successfully resumed gas delivery at Tema’s Regulating and Metering Station following a temporary shutdown due to a system glitch. According to a press statement released on Saturday, March 23, the Tema facility experienced a complete shutdown around 10:30 p.m. on Friday, resulting in electricity disruptions in areas such as Tema, Lapaz, Weija, Mallam, Kasoa Barrier, and others. After working diligently throughout the night, engineers managed to

Read More Here

International News Oil Petroleum

Uganda Oil Firm Sells Fuel Post-Kenya Split

26, March, 202426, March, 2024

UNOC initiates petroleum product sales to oil marketing companies in Uganda and Tanzania. This is part of a broader strategy to test the waters before UNOC embarks on a direct importation agreement with the global oil titan, Vitol Bahrain. This manoeuvre signals a new era in East Africa’s energy dynamics, especially following a cooling of relations between Uganda and Kenya over fuel supply mechanisms. For years, Uganda’s fuel supply chain was heavily dependent on Kenyan

Read More Here

International News Oil Petroleum

Intana Energy Reports Progress in Namibia’s Orange Basin Exploration

26, March, 202426, March, 2024

Intana Energy provides updates on the ongoing exploration campaign in Namibia’s Orange Basin, specifically on Blocks 2813A and 2814B, governed by Petroleum Exploration Licence 83 (PEL 83). Galp Energia’s subsidiary operates PEL 83, with Sintana holding an indirect 49% interest in Custos Energy, a 10% working interest owner in the license, alongside NAMCOR, Namibia’s National Petroleum Company, which also holds a 10% working interest. Chairman and CEO of Custos, Knowledge Katti, emphasizes the significance of

Read More Here

International Gas News

Egypt’s EGAS Expands Presence with Saudi Subsidiary

26, March, 202426, March, 2024

Egypt’s state-owned Egyptian Natural Gas Holding Company (EGAS) has taken a significant step in expanding its international footprint by establishing a subsidiary in Saudi Arabia. Named Modern Gas Saudi Arabia, the newly formed company, with an initial capital of $530,000, marks EGAS’s entry into the Saudi market, with an 80% ownership stake. This strategic move, announced by Egypt’s Ministry of Petroleum on March 17, is part of EGAS’s broader strategy to attract foreign investment and

Read More Here

Local News Petroleum

Angola Maintains Crude Oil Production at Pre-OPEC Levels

26, March, 202426, March, 2024

Angola is holding steady with its crude oil production at 1.1 million barrels per day (bpd), matching levels seen before its exit from OPEC. This production rate is expected to be sustained until at least 2027. Since reaching a peak of 2 million bpd in 2008, crude oil output in Angola, the second-largest producer in Africa, has experienced a gradual decline. To offset this decline, the country has shifted its focus towards increasing natural gas

Read More Here

Diamonds International News

Gem Diamonds’ Fiscal Year 2023 Profit Plummets Amid Market Challenges

26, March, 202426, March, 2024

Gem Diamonds reported a significant decline in profit for the full fiscal year of 2023, with earnings from its Letšeng deposit in Lesotho dropping to $1.6 million compared to $20.2 million in 2022. CEO Clifford Elphick attributed the decline to various global challenges, including economic uncertainties, conflicts, and a subdued diamond market. The company’s revenue fell by 26% to $140.3 million, primarily due to lower rough diamond prices resulting from the market downturn. Sales volume

Read More Here

Diamonds International News

De Beers’ February Rough Sales Show Signs of Recovery

26, March, 202426, March, 2024

De Beers reported a total of $430 million in proceeds from its second rough-sales cycle of the year, showing a 13% decline compared to the same period in 2023. However, this figure marks a 15% increase from its first sight of the year and a significant improvement from the final sight of 2023. Although below average for this time of year, the recent sales indicate a recovery, especially driven by increased demand in the diamond-jewelry

Read More Here

Diamonds International News

Firestone Diamonds Recovers 215-Carat Rough from Liqhobong Mine

26, March, 202426, March, 2024

Firestone Diamonds announced the recovery of a 215-carat rough diamond from its Liqhobong mine in Lesotho, marking the largest high-quality stone found at the deposit to date. The company intends to offer the diamond through a competitive bidding tender, following viewings in Antwerp and Dubai. Firestone holds a 75% stake in Liqhobong, with the remaining 25% owned by the Lesotho government. After experiencing challenges due to the COVID-19 pandemic, Firestone resumed operations in October 2022.

Read More Here

Diamonds Local Mining Projects News

Samiluana Diamond Project to Launche in April, Aims for 12,000 Carats Monthly

26, March, 202426, March, 2024

The upcoming Technical and Scientific Days of the Mining Workers’ Day, running from April 15th to 27th, will showcase significant milestones in Angolan mining, including the inauguration of the Samiluana diamond project in Lucapa and the Cácata Phosphate Exploration Project in Cabinda. The Samiluana diamond project, located in Lunda-Norte province, boasts an estimated production capacity of 12 thousand carats per month and is set to create 762 jobs. With a 33 percent stake from Samiluana

Read More Here

Oil Local News Petroleum

ACREP Shares Now Listed on Angola’s BODIVA’s MROV Market

26, March, 202426, March, 2024

Angolan oil company ACREP’s shares are now listed on the “MROV” Over-the-Counter Market of the Angolan Debt and Stock Exchange (BODIVA) following a recent bidding process. The auction determined demand for 24 percent of the 37 percent stake held by Banco de Poupança e Crédito (BPC) in the private oil and gas firm. The Market for Registration of Transactions on Securities (MROV) is dedicated to recording previously conducted but unsettled transactions of securities not traded

Read More Here

« Prev 1 … 223 224 225 226 227 … 391 Next »

More Angolan Mining News