Vital Industry News
TotalEnergies Restarts Production at Libya’s Mabruk Oil Field After 11-Year Shutdown Seplat Energy Plans 17 New Wells in 2026 to Boost Production Energean to Acquire Chevron Stakes in Angola’s Block 14 Assets Cameroon Opens Nine Oil and Gas Blocks to Investors in 2026 Licensing Round Ghana Plans Capacity Boost at Tema Oil Refinery to Strengthen Domestic Fuel Supply Exploration Well Offshore Gabon Finds No Hydrocarbons but Development Plans Continue S&P Global Downgrades Botswana’s Sovereign Ratings Amid Diamond Market Weakness Nigeria Seeks to Strengthen Its Position in Global Oil and Gas Supply Libya’s Arabian Gulf Oil Company Launches Production at Z-13 Well in Al-Bayda Field De Beers Board Member Matome Tsholetsa Malema Passes Away
Corporate News International Oil

TotalEnergies Restarts Production at Libya’s Mabruk Oil Field After 11-Year Shutdown

Corporate News International Oil

Seplat Energy Plans 17 New Wells in 2026 to Boost Production

Corporate News Local Oil

Energean to Acquire Chevron Stakes in Angola’s Block 14 Assets

More Angolan Mining News

Corporate News International Oil

TotalEnergies Restarts Production at Libya’s Mabruk Oil Field After 11-Year Shutdown

TotalEnergies Resumes Oil Production at Libya’s Mabruk Field with New 25,000 bpd Facility TotalEnergies has…
Corporate News International Oil

Seplat Energy Plans 17 New Wells in 2026 to Boost Production

Seplat Energy Targets Up to 155,000 boepd in 2026 with 17-Well Drilling Program in Nigeria…
Corporate News Local Oil

Energean to Acquire Chevron Stakes in Angola’s Block 14 Assets

Energean to Buy Chevron’s Angola Block 14 Interests for $260 Million to Expand West Africa…
International Gas Oil

Cameroon Opens Nine Oil and Gas Blocks to Investors in 2026 Licensing Round

Cameroon Offers 9 Oil and Gas Exploration Blocks as SNH Bid Round Closes March 30,…
International News Oil

Ghana Plans Capacity Boost at Tema Oil Refinery to Strengthen Domestic Fuel Supply

Ghana to Expand Tema Oil Refinery Capacity to 45,000 bpd to Reduce Fuel Imports Ghana…
International News Oil

Exploration Well Offshore Gabon Finds No Hydrocarbons but Development Plans Continue

Offshore Gabon Exploration Well Finds Water Instead of Oil as Etame Drilling Program Continues An…
International Energy News Oil Petroleum

Fuel prices in Tanzania drop as the global Energy market catches a break

Tanzania’s energy sector gets a reprieve as the price of petroleum products reduces. An update on the prices of petroleum products in the country shows a 1.07% decrease. This fall follows the recent decline in global energy prices and comes with several guidelines issued to local fuel marketers that ensure strict adherence to these new prices. The Energy and Water Utilities Regulatory Authorities (Ewura) disclosed that Tanzanians are to pay Sh3,051, for a liter of

Loading

Read More Here

Oil International Petroleum

TotalEnergies plans to exit Nigerian onshore oil

French energy giant TotalEnergies is exploring the sale of its minority stake in a major Nigerian onshore oil joint venture, following Shell’s divestment last month, according to CEO Patrick Pouyanne. The Shell Petroleum Development Company of Nigeria Limited (SPDC), in which TotalEnergies holds a 10% stake, has faced challenges with numerous onshore oil spills due to theft, sabotage, and operational issues, that led to costly repairs and high-profile lawsuits over the years, Reuters reported. What

Loading

Read More Here

Diamonds Economy International News

Rough Prices Continue to Recover at Latest Petra Tender

Petra Diamonds’ rough prices are showing increasing signs of a market rebound, according to results from its latest tender. The fourth trading session of fiscal 2024, which took place in February, brought in $47.8 million from the sale of 428,860 carats, at an average price of $112 per carat, Petra said last week. Although total sales were down 30% from December, prices were 4% higher on a like-for-like basis compared with similar categories of diamonds

Loading

Read More Here

Diamonds International News

Lucara Diamond Renews Supply Agreement with HB Antwerp

Lucara Diamond Corp. has renewed its rough-supply agreement with Belgian manufacturer HB Antwerp after terminating the deal in September. The new contract, which spans a 10-year period, is similar to the last agreement, with HB committing to buy all rough over 10.8 carats from Lucara’s Karowe mine in Botswana, the miner said Yesterday February 19th. The purchase price of the diamonds will be based on the estimated polished outcome of each stone, which the pair

Loading

Read More Here

Economy News Oil

Brent Oil Surges with Substantial Profits

The Brent (reference to Angolan exports) for April rose by 0.74 percent ($0.61), reaching $83.47 on the Intercontinental Exchange (ICE). On February 19, 2024, at 09:43 AM, the contracts closed the week with a cumulative increase of approximately 2.0 and 1.6 percent, respectively. At the New York Mercantile Exchange (Nymex), the WTI barrel for April concluded the session with a 1.12 percent increase ($0.87), closing at $78.46. Futures contracts for oil closed higher on Friday,

Loading

Read More Here

Diamonds International News

Gem Diamonds Recovers 113ct. Rough from Letšeng

Gem Diamonds has unearthed a 113-carat rough from its Letšeng mine in Lesotho, the third over 100 carats this year. The miner discovered the high-quality, type IIa diamond on February 17, it said Monday. On January 17, the company retrieved a low-quality, 139-carat diamond from the site, and on January 8, it found a high-value, 295-carat, white, type IIa rough. The recovery of three 100-plus-carat diamonds so early in the year is a boon for

Loading

Read More Here

Economy Local News Oil

Exploratory Phase Commences for Angola’s TO-14 Well

Angola’s national oil company, Sonangol, has initiated testing at the Tobias-14 well (TO-14), situated in Block KON-11 onshore Angola. Sonangol, in collaboration with its project partner, the oil and gas company Corcel, anticipates revealing the initial flow test results of the well in the upcoming weeks. Preparations are also in progress for testing the TO-13 well, scheduled to commence following the conclusion of activities at TO-14. The KON-11 Block encompasses the Tobias field, a historically

Loading

Read More Here

Economy Gas Local News Oil

Angola’s Local Content Policies to Boost Oil and Gas Service Industry

Angola is at the forefront of nurturing its domestic service industry within the oil and gas sector through robust local content regulations. These policies are instrumental in creating revenue streams for local service firms while enhancing their overall contribution to the industry. The Angolan government’s commitment to local content is exemplified through its Angolanization initiative, aimed at empowering national entrepreneurship by favoring local service providers in oil and gas contracts. Enshrined in official decrees such

Loading

Read More Here

Economy Diamonds International Mining News

Namibia’s Diamond Production Surges by 9% in 2023

Namibia recorded a 9% increase in diamond production in 2023. The country produced 2,327 million carats of rough diamonds last year, up from 2,137 carats in 2022. Namibia’s land-based production, overseen by the diamond corporation Namdeb, recorded a 14% increase in 2023 compared to the previous year. The company produced 468,000 carats, up from 412,000 carats in the period under review. Meanwhile, the country’s offshore production in 2023, overseen by the marine diamond mining company

Loading

Read More Here

Economy Energy Gas International News

The Republic of Congo Takes the Lead in Advancing Gas Initiatives

The Republic of Congo is a mature hydrocarbon market with proven resources, including 1.8 billion barrels of oil reserves and 284 billion cubic meters of natural gas reserves. Despite this, the country’s on- and offshore territory remains underexplored and operators have been slow to add value to crude resources. However, a new gas monetization drive, coupled with several offshore exploration and development programs, presents investors with dynamic opportunities in gas processing and refining, LNG trade

Loading

Read More Here

1 … 237 238 239 240 241 … 390

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.