Angolan Mining Oil & Gas - Page 252 of 391 - Top Angolan News for Oil, Gas and Mining Industries

International News Oil

Dangote refinery receives fourth 1 million crude supply from NNPCL

2, January, 20242, January, 2024

The Nigerian National Petroleum Corporation Limited (NNPCL) has supplied an additional one million barrels of crude oil to the Dangote Refinery to commence production. This delivery marks the fourth consecutive shipment of one million barrels of crude oil to the Dangote Refinery in recent weeks. The refinery is expected to receive a total of six million barrels of crude oil before it begins production. What Dangote refinery said:“Preparations are in top gear for the commencement

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Local Economy News

Concession of the Lobito Corridor among the biggest achievements of the year

2, January, 20242, January, 2024

The president of the Board of Directors of the Angola Cargo and Logistics Certification Regulatory Agency (ARCCLA) said, last week, in Luanda, that the concession of the Lobito Corridor, new logistics platforms and improved legislation constitute the main achievements of three years since the creation of the entity he directs. Catarino de Fontes Pereira made these considerations on the occasion of ARCCLA’s third anniversary, which took place on December 29th, and highlighted the launch of

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Local Economy News

Extractive industry analyzes application of new regulations

2, January, 20242, January, 2024

The procedure stands as a vital requirement within the framework of the respective organization, necessitating the disclosure of annual efforts made by Member States. This includes the Work Plan adhering to EITI standards, unlike the Annual Report, which primarily communicates the value of natural resources to citizens. Angola, an active EITI member since June 2022, took a significant stride by presenting its inaugural report in December 2023. This presentation marked an essential phase, with the

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Local News Oil

ETU Energias Increases Stake in Block 17

2, January, 20242, January, 2024

Oil company ETU Energias S.A. finalized the acquisition of a 2.5 percent stake in the Thai company PTTEP in Block 17/06 offshore Angola. According to a statement from Etu Energias S.A, formerly known as Somoil – Sociedade Petrolífera Angolana S.A., quoted by Lusa, the process began in December 2022 as part of their growth strategy, with the signing of the purchase and sale contract for the mentioned stake, the value of which was not disclosed

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Local Economy News

First Cargo Train of Copper Ore Arrives at Lobito

2, January, 20242, January, 2024

A cargo train transporting 960 tons of raw copper ore arrived in the port city of Lobito (Benguela) on the morning of December 31st, originating from the Kolwezi region in the Democratic Republic of Congo (DRC). The seventeen-vehicle train, including a GE locomotive model C30ACi, and 16 LC-type wagons, departed from Luau station in the Moxico province on Friday at 4:30 PM, covering a distance of 1,289 kilometers in 38 hours until it reached the

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International Gas News

Nigeria’s Aiteo Acquires Mozambique’s Mazenga Gas Block

2, January, 20242, January, 2024

Nigerian energy company Aiteo has secured a stake in Mozambique’s Mazenga gas block. The deal, formalized through farm-in arrangements with Mozambique’s National Hydrocarbons Company (ENH), positions Aiteo as the operator of the block, which holds some of the largest onshore gas reserves in sub-Saharan Africa. Following the deal, Aiteo has initiated an intensive development program involving aeromagnetic and gravitational geological studies, comprehensive field inspections, and reinterpretation and processing of existing data. “We aim to elevate

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Oil Gas

Top Licensing Rounds to Watch in Africa in 2024

2, January, 20242, January, 2024

In an effort to revitalize E&P activities and yield new discoveries, both mature and emerging hydrocarbon markets in Africa are ramping up exploration through ongoing and planned licensing rounds in 2024. Poised to drive the continent’s exploration and production sectors, these bid rounds are set to position Africa as a global exploration hub, while ushering in a new era of industry growth and innovation. Libya As part of the country’s plans to boost oil production

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Diamonds International News

De Beers Unveils 2024 Sight Dates

2, January, 20242, January, 2024

De Beers has released its sales schedule for this year, with plans to hold the usual 10 sights across the 12-month period. The miner sells most of its rough to sightholders through a contract system under which clients make certain purchasing commitments in return for consistent supply. Over the last few cycles, the company has allowed sight holders to buy fewer goods amid oversupply issues and weak demand, aiming to rebalance the market. De Beers

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International Gas News

Congo: Eni’s Tango FLNG Receives First Gas

2, January, 20242, January, 2024

Italy’s Eni has supplied first gas to its Tango floating liquefied natural gas (FLNG) facility in the Republic of the Congo, achieving the milestone just twelve months after the final investment decision was made. Tango FLNG is expected to produce its initial LNG cargo by Q1 2024, transforming the country into a leading LNG export market. The facility is part of Eni’s broader natural gas development project in the Marine XII block. Manufactured by Chinese

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International Gas Oil

Petrobras Acquires Stakes in 3 São Tomé and Príncipe Blocks

2, January, 20242, January, 2024

Brazil’s state-owned oil and gas company Petrobras has acquired stakes in three exploration blocks in São Tomé and Príncipe. The transaction, approved by the board, includes a 45% stake in Blocks 10 and 13 and a 25% stake in Block 11. The strategic move aligns with Petrobras’ long-term goal to rebuild reserves and develop partnerships. Pending regulatory approvals, the transaction follows a memorandum of understanding signed between the company and global energy major Shell in

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