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Diamonds International News

Diamond Exports from DRC to Belgium See a 12% Surge in 2022

24, February, 202324, February, 2023

Diamond exports from the Democratic Republic of Congo (DRC) to Belgium increased by 12% in 2022. During this period, the country officially exported 11.68 million carats of diamonds against 12.68 million in 2021. According to statistics made public in February 2023 by the Ministry of Mines, the share of the United Arab Emirates in these exports has fallen by 10%, from 60% to 50% in one year, while that of Belgium has increased. to reach

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Gas Local News Oil

Executive Maintains Strategy for self-sufficiency in Fuels until 2027

24, February, 202324, February, 2023

Sonangol is involved in refining projects that aim to materialize the Executive’s strategy “so that we can achieve self-sufficiency in fuels by 2027”, said, this Friday 24 feb, in Luanda, the Secretary of State for Oil and Gas. José Barroso, who was speaking at the opening of the press conference alluding to the 47th anniversary of Sonangol, also said that the state-owned oil company is also committed to increasing its capacity for storing liquid and

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Local News Oil

Extension of Block 0 will yield US$27 billion by 2050

24, February, 202324, February, 2023

The country will raise US$27 billion with the extension of the concession of Block 0 in the maritime zone of Cabinda province, for another 20 years, until 2050, advanced, Minister of Mineral Resources, Petroleum. and Gas, Diamantino Azevedo said yesterday, february 23, in Luanda. The minister was speaking at the National Assembly, during the discussion and approval of the Legislative Authorization Project that authorizes the President of the Republic, as holder of the Executive Power,

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Gas Local News

Chevron to Supply More Gas to Angola LNG

24, February, 202324, February, 2023

Sonamet and Sarens transported a 2,200-tonne Jacket platform from Belgium to Angola via a large vessel known as a barge. According to data from the institution to which Jornal de Angola had access, the Jacket is intended for the Sanha Lean Gas Connection (SLGC) project of the oil company Chevron. The data indicate that the crew used 4 jacks of 200 tons for the movement with 20 ballast pumps to keep the barge at the right

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Gas International News

Gas Demand Fell More Than Expected

24, February, 202324, February, 2023

The European Union managed to exceed the goal of cutting demand for gas this winter, according to new data from Eurostat. Eurostat data shows that the European Union’s winter demand has fallen by 19 percent compared to the five-year average, beating the 15 percent target it has set for itself to help it survive the winter. The biggest drop was in Finland, which reduced its use by nearly 60 percent. Lithuania had the second biggest drop, down

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International News Oil

Saudi Arabia’s Oil Company Slips To World’s 3rd Largest Company

22, February, 202322, February, 2023

Saudi Arabia’s state-run oil giant, Saudi Arabia, is now the world’s third-largest company by market capitalization, according to the companiesmarketcap.com list. Aramco, with a market cap of $1.903 trillion, slid to the number three position behind Apple ($2.413T) and Microsoft ($1.920T). Just two months ago, in mid-December, Aramco held the Number two position with a market cap of $1.81T, behind only Apple. And before that, In May of last year, Aramco was sitting at the

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Gas News Oil

Brent Starts Week at $83.53 a Barrel

22, February, 202322, February, 2023

Brent (a benchmark for Angolan exports) for delivery in April started this week’s session (yesterday 21st February) on a high, at US$83.53 a barrel, i.e. 0.53 percent more compared to the close of markets on Friday. fair. Oil showed a daily range of 82.75 – 84.30 dollars. On Friday 17th feb, Brent crude fell $2.14, or 2.5 percent, to $83.00 a barrel, ending the week down 3.96 percent, as traders worried that future rises in interest

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Energy International News Oil

British and South African Oil Firms, Merge to form Africa’s Largest Energy Distribution Firm

22, February, 202322, February, 2023

Engen Petroleum, a South African oil firm that specializes in downstream refined petroleum products and associated companies, and Vivo Energy, a British downstream petroleum company with subsidiaries and operations in 23 countries across Africa, have merged their African operations to form one of the continent’s largest energy distribution firms. The merged group will have approximately 3,900 service stations and more than two billion liters of storage capacity, across 27 African nations. Engen, which is the

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International News Oil

Uganda’s Oil Exploration Still Viable Despite waves of Backlash

22, February, 202322, February, 2023

Despite increased opposition from a number of groups, Uganda maintains that its oil dream is still alive. This week, one of those groups filed a complaint against insurer Marsh in the US for brokering underwriting services for the $5 billion East African Crude Oil Pipeline (Eacop). Approximately ten environmental and human rights organizations from Tanzania and Uganda accused Marsh of breaking rules for ethical corporate conduct on February 7 because of the company’s participation in

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Energy Gas International News Oil

African Energy Chamber to open Namibia Office for Local Content and Capacity Building

21, February, 202321, February, 2023

With Namibia’s energy sector on the precipice of rapid transformation on the back of recent oil and gas discoveries, the African Energy Chamber (AEC) will establish an office in the country dedicated to promoting local content development efforts. The AEC will engage with various stakeholders across the Namibian energy industry, including national and international oil companies, the government and service companies, utilizing a multi-tiered approach to scaling up local talent and capabilities. The office will

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