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Rio-Tinto Signs Second Mining Investment Contract with Angola

30, January, 202430, January, 2024

On the 17th of January, 2024 the English-Australian mining giant, Rio Tinto signed a mining investment contract with the Angolan Ministry of Mineral Resources, Oil and Gas in Luanda. The $5.7 million USD deal will grant Rio Tinto a 35-year exploratory license for the Moxico Concession. According to the company’s website, the exploration will primarily be seeking base metals such as copper, zinc, cobalt and titanium. The contract calls for an initial 5 years of

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Energy Economy International News

Key LNG Ventures Shaping Africa’s Energy Landscape in 2024

30, January, 202430, January, 2024

Boasting abundant natural gas resources and immense potential in human capital, Africa is currently witnessing the development of several large Liquefied Natural Gas (LNG) projects. These upcoming ventures are expected to play a pivotal role in spearheading the continent’s LNG export capacity, driving domestic electrification, and facilitating resource monetization. One such project nearing completion is the Greater Tortue Ahmeyim (GTA) LNG Project. The first phase of GTA, located on the maritime border between Senegal and

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Economy Energy Local News

Newly Secured Service Agreements Highlight Growth Potential in Angola’s Energy Sector

30, January, 202430, January, 2024

The service companies have played a pivotal role in the growth of Angola’s upstream, midstream, and downstream sectors, solidifying the country’s position among Africa’s leading oil and gas producers. In recent months, several multi-million-dollar deals have been signed, contributing to the expansion of operational energy projects in the country. As plans to increase exploration and production unfold, service companies are anticipated to be at the forefront of the industry’s evolution. Azule Energy Awards $7.5Bn in

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Economy Energy International News

United States Explores Enhanced Collaborative Opportunities with Angola

30, January, 202430, January, 2024

The United States (U.S.) is advancing bilateral ties with Angola, strengthening cooperation in key areas including economic, trade, and investment, food security, global health cooperation, and climate and energy. U.S. Secretary of State, Anthony Blinken, wrapped up his four-nation tour of Africa with a visit to Angola, where he discussed the U.S.-Angola partnership and promoted shared goals such as expanding economic prosperity and energy access. During his stop in Angola on 24 and 25 January,

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Economy International News Oil

Oil Edges Up Amid Middle East Concerns China Worries Restrain Growth

30, January, 202430, January, 2024

Oil prices edged up on Tuesday 30th of January, following a more than 1% decline in the previous session, driven by escalating geopolitical tensions in the Middle East, a major oil-producing region. Brent crude futures increased by 7 cents, or 0.07%, reaching $82.46 a barrel by 0734 GMT. Meanwhile, U.S. West Texas Intermediate crude rose by 15 cents, or 0.31%, to $76.93 a barrel. Both contracts experienced a drop of over $1 on Monday 29th

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Local News Oil

Sonangol denies commitments with Oil tanker attacked in the Red Sea

30, January, 202430, January, 2024

Sonangol stated on Monday that the Marlin Luanda, a vessel struck by a missile in the Red Sea region, does not belong to them and was not in service for the Angolan oil company. In a press release, the state-owned oil company refutes information circulating on social media and websites, claiming that the vessel was in their service, transporting fuel to Luanda. The Angolan state oil company emphasizes that the Marlin Luanda is not part

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International Diamonds News

Botswana Diamonds Reports Potential Discovery

26, January, 202426, January, 2024

Diamond exploration and project development company, Botswana Diamonds, has completed a geological survey over four high-grade geophysical targets in the southern African country. Preliminary results suggest that at least one of the targets give a strong indication of kimberlites. Situated approximately 6km from the existing KX36 diamond discovery, the gravity survey will be repeated and correlated with previous results before the company commences exploratory drilling operations. “This is the first strong indication of additional kimberlites

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International News Oil Petroleum

NNPC Seeks Operators for Port Harcourt Oil Refinery

23, January, 202423, January, 2024

Nigerian oil company the Nigerian National Petroleum Corporation (NNPC) has launched a tender inviting private operators to operate and maintain the West African country’s Port Harcourt oil refinery. The tender aims to engage operations and maintenance companies that will ensure reliability and sustainability at the refinery to meet Nigeria’s fuel supply needs while ensuring energy security. The scope of the contract will cover various refinery business processes, including optimization of operations, maintenance, health and safety,

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International Gas News Oil

EACOP Developers Seek $3B to Close Debt Financing Deal

23, January, 202423, January, 2024

Another three billion dollars in debt financing is required for the financial close of the five-billion-dollar East African Crude Oil Pipeline (EACOP), according to TotalEnergies’ shareholders meeting records for 2023. Designed to transport crude oil from Lake Albert in Uganda to the Port of Tanga on the Tanzanian coast, the 1,443-km megaproject is currently in its Engineering, Procurement and Construction phase and is estimated to be at least six months away from a Final Investment

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International Gas News

South Africa Reintroduces Gas Amendment Bill

23, January, 202423, January, 2024

South Africa’s Department of Mineral Resources and Energy has published a Gas Amendment Bill to bring legislation in line with more recent government policies and developments in the country’s gas sector. The amendment bill, which has been made available for public comment, is expected to expand South Africa’s gas industry by addressing sustainability and competitive trade, while facilitating integrated energy projects as part of the sector’s development goals. The document establishes new regulations aimed at

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