Angolan Mining Oil & Gas - Page 238 of 391 - Top Angolan News for Oil, Gas and Mining Industries

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Angola Aims for Increased Gas Production with New Consortium Ventures

26, February, 202426, February, 2024

The Government of Angola plans to increase gas production levels in the coming years, with the entry of a new consortium, which will explore new oil fields. The information was provided by the president of the National Oil, Gas and Biofuels Agency (ANPG). Paulino Jerónimo, who was recently reappointed for his second term at ANPG, highlighted that the new consortium for gas production in the country is made up of several companies. Their mission is to

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International Gas News

Natural gas prices fall on the world market

26, February, 202426, February, 2024

Natural gas prices continued to fall, with a mild winter and an overproduction that caused producers in the American shale zone to try to reduce production, but oil companies that produce gas as a byproduct disrupted the plans. For commodity traders, the floor is likely around $1.50, with February prices now below $1.70 per cubic meter. This situation led Chesapeake Energy to announce in its earnings report earlier this week that it would scale back its drilling

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Renewable Energy International News

São Tomé and Príncipe Unveils Ambitious Photovoltaic Plant Project

26, February, 202426, February, 2024

São Tomé and Príncipe is poised to embrace a new era of sustainable energy with the launch of a cutting-edge photovoltaic plant set to produce 10 megawatts of energy. The project, unveiled last week, boasts a total investment of 60.7 million euros and enjoys co-financing from prominent entities including the World Bank, the African Development Bank, and the Bank of Japan. The Clean and Sustainable Energy Access Project, as announced by the director of the

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Diamonds International News

Legal Battle Erupts Over Elizabeth Bay Mine Asset Stripping

22, February, 202422, February, 2024

Lewcor Holdings has leveled accusations against its Zimbabwean equity investor, RZ Murowa Holdings, alleging the unauthorized stripping of assets from the Elizabeth Bay Mine in Namibia. The Elizabeth Bay Mine, owned by Sperrgebiet Diamond Mining, commenced operations in 1911. In 2019, Namdeb Holdings sold the mine to the Lewcor Group, with plans to restart operations after it had been under care and maintenance. In 2020, RZ Murowa, a member of the Global Emerging Markets Group,

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Oil Gas International News

Sintana Energy Leads Venture 50 with Namibian Orange Basin Discoveries

22, February, 202422, February, 2024

Sintana Energy has surged to the top position on the TSX Venture 50, propelled by its significant oil and gas discoveries in the Orange Basin. The company’s indirect interest in the PEL 83 exploration campaign, led by Galp Energia (80%), Namcor (10%), and Custos (10%), has positioned it as a standout performer among 50 other companies. With Custos Energy, in which Sintana holds a 49% indirect ownership, the CEO, Robert Bose, emphasized the transformative impact

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Oil Gas International News

Petrobras Introduces Hisep Project for CO2 Reinjection in Offshore Oil Fields

22, February, 202422, February, 2024

Petrobras unveiled plans on Tuesday February 19th to launch the pilot phase of the Hisep project within four years, aiming to reinject carbon dioxide (CO2) extracted from oil fields underground. Unlike traditional methods, Hisep conducts this process directly on the seabed rather than on the platform. The pilot phase is scheduled to take place in the pre-salt Mero field located in the Santos Basin. Following successful laboratory tests, Petrobras will proceed with the assembly of

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Local Mining News

Stakeholders Respond to Govt’s Initiative for Mining Sector Competitiveness Study

22, February, 202422, February, 2024

Companies in the mining sector, along with government officials and representatives from civil society, have reacted to the Executive’s plan to commission a study on the competitiveness of the Angolan mining sector. Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, emphasized that such a study would facilitate decision-making regarding potential adjustments or changes to existing legislation within the extractive sector. This initiative aims to align Angola with the standards set by the Extractive Industries

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Local Gas News Oil

Minister Azevedo Calls for Action to Sustain Oil and Gas Sector Initiatives

22, February, 202422, February, 2024

The Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, urged the newly appointed members of the Board of Directors of the National Petroleum, Gas, and Biofuels Agency (ANPG) to uphold the ongoing initiatives aimed at stabilizing production and sustaining strategies for block bidding. Presiding over the inauguration ceremony in Luanda, Azevedo emphasized the need for swift action to ensure the implementation of these directives. Acknowledging the accomplishments of the outgoing administration over the past

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International Oil

Charting the Course: The Gambia’s Surging Offshore Oil Exploration

22, February, 202422, February, 2024

Since 2014, The Gambia has witnessed the successful drilling of up to 11 wells, igniting a surge in industry interest in the country’s offshore opportunities. Positioned in close proximity to the significant 230-million-barrel Sangomar discovery in neighboring Senegal, The Gambia boasts substantial prospectivity, with over 10,000 km2 of offshore acreage and preliminary resource estimates suggesting reserves of three billion barrels. Currently, three companies are actively exploring offshore: As The Gambia’s offshore exploration activity gains momentum,

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International Gold News

Venice Mine Complex in Zimbabwe Poised for Tripled Gold Production

22, February, 202422, February, 2024

According to Marc Nicolle, CEO of Mopani Gold, gold production at the Venice Mine Complex in Zimbabwe is set to triple. Mopani Gold, the company operating the Venice Mine, plans to enhance processing facilities and implement a new corporate social responsibility strategy to boost gold production from 4,000 tons per month to 15,000 tons. Additionally, the mining firm will expand its existing 1 MW solar power plant to ensure a sustainable energy supply to the

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