Angolan Mining Oil & Gas - Page 246 of 251 - Top Angolan News for Oil, Gas and Mining Industries

Infrastructure

Angolan Government’s Ministry of Transport awards concession tender for the Lobito Corridor railway

23, July, 202223, July, 2022

The Ministry of Transport of the Government of Angola has announced the award of the concession tender for rail services and logistics support for the Lobito Corridor, a key route connecting mines in the Democratic Republic of the Congo (DRC) to the Lobito port in Angola and international markets beyond. The 30-year concession, with the potential of a 20-year extension, has been awarded to a consortium comprising Trafigura Pte Ltd (“Trafigura”), a market leader in

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International

Algeria, Equatorial Guinea and Angola crudes the most expensive in the world (OPEC)

21, July, 202221, July, 2022

Crudes from Algeria, Equatorial Guinea and Angola became the most expensive in the world during June and for the first half of 2022 as a whole, according to the Organization of the Petroleum Exporting Countries’ (OPEC) monthly report released on July 12. Algerian crude, Sahara Blend, has become the most expensive in the world during the past June and the first six months of 2022. The average price of this low-sulfur, very low-density crude reached

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Energy

João Lourenço inaugurates photovoltaic parks that will provide electricity to 1.5 million people

21, July, 202221, July, 2022

The first photovoltaic plants in the country, developed by a consortium that integrates the Portuguese group MCA, were inaugurated this Wednesday in Benguela and will produce electricity to supply 1.5 million people, according to the Ministry of Energy and Water. The plants were inaugurated by the President of the Republic, João Lourenço, who arrived this morning in Benguela, for a visit of a few hours. The photovoltaic parks, located in Biópio and Baía Farta, in

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Energy

Solar plants will replace thermal sources of energy production

21, July, 202221, July, 2022

The Minister of Energy and Water, João Baptista Borges, assured, Wednesday (20), in Benguela, that the solar plants will replace the thermal sources of energy production. “In this way, we will save 275 million liters of fuel per year, which represents, in financial terms, about 85 million dollars annually”, he said. The country’s first two solar power plants, inaugurated yesterday by the President of the Republic, João Lourenço, in Biópio and Baía Farta, will benefit

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Infrastructure

Angola awards $333m to Trafigura consortium to improve Congo rail link

21, July, 202221, July, 2022

Angola’s ministry of transport has awarded a tender to a Trafigura consortium to operate and expand rail infrastructure to speed up commodity imports from the Democratic Republic of Congo. Congo, Africa’s biggest copper producer, exports copper, cobalt, and other metals in trucks via Tanzania or South Africa, which takes several weeks because of congestion and customs delays. As part of a 30-year concession agreement, the consortium has agreed to invest $256 million in infrastructure, $73

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Energy

Trelleborg completes remote installation for deepwater energy project

20, July, 202220, July, 2022

Trelleborg Marine and Infrastructure has completed the remote installation of its SafePilot Offshore technology for a deepwater oil & gas project in Angola, the company announced 19 July. The work was part of an upgrade of the navigation and positioning systems and buoy monitoring systems to a floating production storage and offloading unit (FPSO). To create more remote operations for its offshore assets, the FPSO operator required support for the installation, data integration, software uploading

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Oil International

Approved attribution of concessions for oil blocks in the Baixo Congo and Kwanza basins

20, July, 202220, July, 2022

This Monday, at a meeting of the Council of Ministers, the granting of concessions for eight of the nine oil blocks in the Baixo Congo and Kwanza basins was approved. “The National Agency of Petroleum, Gas and Biofuels (ANGP), as National Concessionaire, holder of mining rights for prospecting, research, evaluation, development and production of liquid and gaseous hydrocarbons in Angola, announces that it was approved at a meeting of the Council of Ministers, this Monday,

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Energy

Soyo refinery to hire local companies to supply goods and services to the projects

20, July, 202220, July, 2022

Quanten Consortium Angola – which will build and operate the Soyo Refinery – and FACRA (Fund Activo de Capital de Risco Angolano) have teamed up to implement an “innovative financing strategy” that will support national companies. On the one hand, contracts will be awarded to local companies for the supply of goods and services for the refinery project and, on the other hand, financing will be promoted for these same companies. At an extraordinary meeting

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International

Sonangol orders two new oil tankers from South Korea. Ships should be delivered next year

19, July, 202219, July, 2022

Sonangol will reinforce its tanker fleet with two ships. The new vessels, whose construction has been commissioned to South Korea, will be capable of carrying one million barrels. The construction of one of the ships has already started, having started last week, on the 15th of July. According to the oil company, in a statement quoted by Angop, the start of the contract was made official with the cutting of steel, in an act that

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Oil Gas International

Top Five Oil Rigs Operating in Africa

16, July, 202217, July, 2022

With targets currently in place to meet a larger share of the global market, Africa’s top oil producing countries are seeking solutions to increase investment in the oil sector and tap into the continent’s 125.3 billion barrels of oil reserves. Taking advantage of Africa’s vast resources has been a top priority for some of the continent’s largest oil producers, with the industry relying heavily on the performance of high-quality oil rigs – platforms that are

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