Angolan Mining Oil & Gas - Page 244 of 245 - Top Angolan News for Oil, Gas and Mining Industries

International Oil

Angola is one of the African oil exporters least affected by the war in Ukraine

4, July, 20224, July, 2022

Angola is expected to have a less severe impact when compared to its African partners due to increased oil revenues; more stable production and high oil prices have resulted in a flow of petrodollars during the last year, which has strengthened the rate of exchange rate of the kwanza and improved the opinion on the sovereign credit of the country”, write the analysts of Oxford Economics. In the comment on the impact of the war

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Oil Gas Petroleum

ANPG predicts investments of 66 billion dollars in the oil sector over the next five years

3, July, 20223, July, 2022

The National Agency for Petroleum, Gas and Biofuels (ANPG) forecasts a turnover in the oil sector, for the next five years, of around US$66 billion. This forecast includes the extension of production licenses already signed between ANPG and the operators, namely in Blocks 15, 17, 18 and also in Block 0, as well as activities related to the exploration and development of oil projects and operational and administrative. If confirmed, this forecast translates into an

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Petroleum International Oil

Angola overtakes Nigeria and is the largest oil producer in Africa

3, July, 20223, July, 2022

Angola overtook Nigeria as the largest oil producer in sub-Saharan Africa in May, according to data from the Organization of Petroleum Exporting Countries (OPEC), by pumping 1.1 million barrels a day. Angola’s production fell from 1.183 million barrels a day pumped in April to 1.162 million in May, but benefited from an even greater drop by Nigeria, whose production fell from 1.219 million barrels in April to 1.024 million the following month, thus losing the

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Technology & Innovation International Mergers & Acquisitions

Sandvik to acquire PCD tools manufacturer Frezite

2, July, 20223, July, 2022

Sandvik has signed an agreement to acquire 100% of the equity interests of the Portugal-based company Frezigest, SGPS (“Frezite”). Frezite’s offering primarily consists of made-to-order polycrystalline diamond (PCD) tools for metal and wood applications, with exposure to the automotive, general engineering and aerospace segments. The company will be reported within Walter, a division within Sandvik Manufacturing and Machining Solutions. “With the acquisition of Frezite, we take another important step in our shift to growth strategy.

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Explosives International

Mining opportunities in SADC will favour those in the know

2, July, 20223, July, 2022

With mining seeing a more sustained improvement in many Southern African Development Community (SADC) countries, miners, and supply partners with experience on the ground are set to have greater gains in the coming year. Miners in the region are not only currently enjoying high commodity prices, but also benefiting from improved supply chains, despite the global disruptions because of the pandemic, and stronger production performances, marking an encouraging first half of the year for the

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Diamonds Mining

De Beers Group signs Mineral Investment Contracts with Angola

1, July, 20221, July, 2022

De Beers Group announced in April this year that it had signed two Mineral Investment Contracts (MICs) with the Government of Angola for licence areas in north-eastern Angola. The signing of the MICs followed the announcement in late 2021 that De Beers had applied to explore in Angola following substantive reforms in the country’s diamond sector. The MICs for the two licence areas are for the award and exercise of mineral rights covering all stages of diamond

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Oil Local Petroleum

Cabinda Refinery Sucessfully Tested

1, July, 20223, July, 2022

The Cabinda Refinery equipment was tested on May 2, in Houston, at the facilities of VFuels, the company responsible for its construction. The result of the Factory Acceptance Test was positive, followed, now, by the shipping phase to Angola and, later on, its assembly in Cabinda. The Factory Acceptance Test verifies and certifies that the equipment produced and packaged meets the functionality and the defined objectives, before delivery at the destination, being one of the decisive

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Diamonds Mining

De Beers back to search for diamonds in Angola

1, July, 20221, July, 2022

De Beers, the world’s largest diamond miner by value, has inked two mineral investment deals with the Angolan government granting the company exploration rights for 35 years in the country’s northeast. Each concession area will be held by a separate new joint venture between De Beers Group and Endiama, Angola’s state-owned diamond company, the parties said. De Beers, a unit of Anglo American (LON: AAL), will hold a “substantial” majority of the new joint ventures, it said, without specifying

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