Angolan Mining Oil & Gas - Page 257 of 303 - Top Angolan News for Oil, Gas and Mining Industries

Diamonds Economy News

PGMs, diamonds drag down SA mining output in January

6, April, 20236, April, 2023

South Africa’s mining production dropped 1.9% in January, making it the twelfth consecutive month of year-on-year decline, data released by Statistics South Africa (Stats SA) show. Platinum group metals (PGMs) and diamonds were the main negative contributors. PGMs output eased 15.2% contributing -3.5 percentage points, while diamonds production was 15.5% lower contributing -0.9 percentage points. However, iron-ore and coal were significant positive contributors with the former’s output increasing 12.1% contributing 1.4 percentage points and the

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Diamonds Economy International News

Botswana Diamonds begins mining in South Africa

6, April, 20236, April, 2023

Botswana Diamonds has begun mining at Marsfontein in South Africa, as a proof-of-concept trial project that it expects will help improve operations at its larger Thorny River project. The company, which has faced challenges including plant delivery delays and adverse weather, said it’s now on track to start production at Thorny River in the second half of this year. Botswana Diamonds is working on bringing the two projects — Marsfontein and Thorny River — into production this

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Economy Energy News Oil Petroleum

ANGP launches pre-announcement of the tender for the allocation of oil blocks

4, April, 20234, April, 2023

The National Agency of Petroleum, Gas and Biofuels (ANPG), as National Concessionaire and holder of mining rights for prospecting, research, evaluation, development and production of liquid and gaseous hydrocarbons throughout Angola, made known, at the end of March of this year, which on September 30, 2023, will proceed with the Launch of the Tender for the Attribution of Petroleum Concessions of Bid 2023, for the oil exploration of the Onshore Basins of the Lower Congo

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Economy Energy Local News Oil

Aviation fuel Affordable since last month

4, April, 20236, April, 2023

Aircraft refueling on Angolan soil got cheaper this March, compared to February, according to the table published by the Regulatory Institute for Petroleum Derivatives (IRDP) of the Ministry of Mineral Resources, Oil and Gas. The reduction was an average of 30 kwanzas for each reference litre, but which represents, overall, a significant saving for operators. According to the same IRDP table, for this month of April, the Adjustment Reference Price – Platts (PRA) is now

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Economy News Oil

Oil prices rise about 6% after Production cuts

3, April, 20233, April, 2023

Oil prices rose, this Monday 3rd April, after several exporting countries announced a cut in production in May, presented as a “precautionary measure” to stabilize the market. At the opening of Asian markets, the price of a barrel of North American WTI rose 5.74% to $80.01 and a barrel of North Sea Brent rose 5.67% to $84.42. The cut announced on Sunday by Iraq, Algeria, Saudi Arabia, the United Arab Emirates (UAE), Oman and Kuwait

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Diamonds Economy International

Zimbabwe confident of meeting $1bn Diamond industry target

3, April, 20233, April, 2023

Zimbabwe is confident of meeting its $1 billion revenue target from the sale of diamonds in 2023 due to improved production, a government official has said. “We will meet the target. All producers are selling now unlike last year when little was sold for the better part of that year,” Newsday quoted Mines permanent secretary Pfungwa Kunaka as saying at the ordinary meeting of the African Diamond Producers Association (ADPA) held in Victoria Falls last

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Economy Local News Oil

Oil Price accumulates losses greater than 12%

29, March, 202329, March, 2023

Brent prices (reference oil for Angolan sales) for delivery and May ended the week accumulating losses of 12.45 percent, under the influence of market fears about the future of the financial sector after the collapse of Silicon Valley Bank (SVB) and Signature Bank, as well as the Credit Suisse liquidity crisis. Last week, Brent ended the day down 2.32 percent to trade at $72.97 a barrel, while West Texas Intermediate (WTI, the benchmark for the

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Economy Local News Oil

Norwegian company To Recruit more than 40 Graduates for the Oil industry

29, March, 202329, March, 2023

The Norwegian company that provides maintenance services for oil tanks, Dof Subsea Angola, has announced for the next few days the hiring and training of around 40 young technicians who have recently graduated and have no professional experience, as part of a partnership with two Angolan universities. The information was advanced last week, in a press conference, by the Executive Vice President of DOF for Africa and Europe Jan-Kristian Haukeland, noting that 50 percent of

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Economy Energy Local News

Sonangol and RNT agree on Clean Energy distribution

28, March, 202328, March, 2023

Sonangol and the National Electricity Transport Network (RNT) signed a memorandum of understanding for the distribution of clean energy to the future hydrogen and green ammonia production plant in Barra do Dande. According to a press release from the institution, the agreement outlines the main lines for the supply of electricity to the hydrogen and green ammonia production plant, generated by renewable energy or low-carbon energy, to be built in Barra do Dande, by the

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Economy Local News Oil Petroleum

Angola sets sights on $200 million investments for Well Drilling and studies by 2024

28, March, 202328, March, 2023

The information was provided by the President of the National Petroleum and Biofuel Agency, Paulino Jerónimo, at the signing ceremony of the Memorandum of Understanding between ANPG, Sonangol P&P and ExxonMobile, regarding Blocks 30, 44 and 45 of the Namibe Basin. Paulino Jerónimo said that in the event of a commercial discovery in the aforementioned well, it is estimated that investment of US$15 billion will be invested in the evaluation and development of the large-scale

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