Angolan Mining Oil & Gas - Page 245 of 391 - Top Angolan News for Oil, Gas and Mining Industries

Uganda Harnesses Oil and Gas Resources for Economic Transformation

31, January, 202431, January, 2024

Uganda is staking its future on the development of its oil and gas resources, unveiling a dual strategy that involves tapping into hydrocarbon wealth while concurrently implementing an energy transition plan financed by the profits generated from these resources. According to Uganda’s Minister of Energy and Mineral Development, Ruth Nankabirwa Ssentamu, the country anticipates a significant economic boost over the next 25 years, with oil and gas revenues injecting $8.6 billion into Uganda’s GDP as

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Economy Energy Gas International News Oil

African Leaders Explore Strategies for Energy Investment Beyond Oil and Gas

31, January, 202431, January, 2024

As the 2023 U.N. Climate Change Conference, the 28th Conference of Parties (COP28) in Dubai drew to a close, the air was thick with determination among the 200 delegates. Acknowledging that the era of fossil fuels was on its last legs, they collectively pledged to hasten its demise. This was heralded as “the beginning of the end” for coal, oil, and natural gas. The nails and hammers were poised to pound the coffin of a

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News Energy Gold International Mining

Kibali Gold Mine Sets Benchmark for Sustainable and Automated Mining

31, January, 202431, January, 2024

Kibali, the largest gold mine in Africa, has become one of the continent’s greenest and most impressively automated operations. It continues to drive local economic development and provides ongoing funding for the reintroduction of white rhinos into a UNESCO World Heritage site in the Democratic Republic of Congo (DRC). On the clean energy front, the majority of the electricity powering Kibali is already sourced from its three hydropower stations. Once Kibali’s new 16 MW solar

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Energy Economy Gas Local Oil

Opportunities for Service Companies in Angola’s Energy Industry

30, January, 202430, January, 2024

Across the entire oil and gas value chain, both local and international service providers stand the chance to not only contribute to but drive the growth of Angola’s oil and gas industry. From detailed engineering services to procurement of equipment to technical construction activities, development opportunities are abundant. Supporting Successful Upstream Projects Angola’s upstream oil and gas sector is poised for growth on the back of major new hydrocarbons discoveries in the country’s ultra-deepwater offshore acreages.

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Local Infrastructure News Transport and Logistics

U.S. Celebrates Progress of Lobito Rail Project

30, January, 202430, January, 2024

U.S. Secretary of State Antony Blinken commended Angola for the advancement of the Lobito Corridor – a strategic infrastructure project connecting the Central African copperbelt region to Angola’s Port of Lobito. During a visit to the country, Blinken highlighted that the corridor’s expansion would not only secure critical minerals supply chains for the U.S. but also stimulate investments in telecommunications, agriculture, and other sectors across Africa. He remarked that he “had a chance to see

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Mining International News

Production Resumes at Namibian Uranium Mine

30, January, 202430, January, 2024

Australian mining company Paladin Energy has resumed production at the Langer Heinrich Uranium mine in Namibia. First ore has been fed into the mine’s processing plant, with the full restart of operations 93% complete. The company aims to achieve commercial production by the end of Q1 2024. The project is supported by $150 million in debt funding secured by Paladin Energy from financial institutions Nedbank and Macquarie Bank. The $150 million syndicated debt facility will

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Local Economy Gas News

Mecwide Completes Gas Plant Construction in Angola

30, January, 202430, January, 2024

Construction engineering company, Mecwide, has completed construction of a gas reception and distribution unit for the Falcão 2 Project in Zaire Province, Angola. With a price-tag of $46 million, the unit will handle approximately 50 million cubic feet of gas per day. Announced on 23 January, the gas reception and distribution unit serves as Mecwide’s largest project in Angola. Development activities for the project included detailed engineering, procurement of piping and equipment, pre-fabrication and assembly,

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Economy Local News Oil

Kaombo Sul Achieves a Milestone of 200 Million Barrels

30, January, 202430, January, 2024

The Floating Storage and Offloading Unit (FPSO) Kaombo Sul by TotalEnergies, located in Block 32 of the national offshore, has reached the milestone of 200 million barrels of oil produced since its commencement of operations in April 2019. The Kaombo project consists of 6 fields spread over an area of 800 square kilometers. According to a document from the institution accessed by the Jornal de Angola, this achievement was only possible due to the work

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Local Diamonds Economy Gas Mining News Oil

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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