Vital Industry News
DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets Dangote Plans Major Refinery Expansion to Boost Capacity and Create Thousands of Jobs South Africa Turns to US Fuel Imports as Middle East Supply Risks Reshape Energy Trade Senegal Takes Full Control of Yakaar-Teranga Gas Project After Kosmos Energy Withdrawal Rhino Resources Advances Capricornus Oil Discovery Appraisal Offshore Namibia TotalEnergies Expands Local Supplier Spending as Namibia’s Oil and Gas Sector Gains Momentum France Intensifies Push into Namibia’s Oil Sector as TotalEnergies Targets Major Offshore Projects Zambia Secures $1.5 Billion China Deal to Add 900 MW Power Capacity and Strengthen Energy Security Dangote Plans Major East Africa Refinery Expansion as African Leaders Push for Industrial Self-Sufficiency DRC Pushes for Energy Transformation as It Showcases Massive Hydropower Potential at African Energy Forum
Gold Economy International

DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets

Corporate News International Oil

Dangote Plans Major Refinery Expansion to Boost Capacity and Create Thousands of Jobs

International News Oil Petroleum

South Africa Turns to US Fuel Imports as Middle East Supply Risks Reshape Energy Trade

More Angolan Mining News

Gold Economy International

DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets

DR Congo Partners with UAE-Based Paradigm Holdings to Boost Gold Exports Through Dubai Trading Hub…
Corporate News International Oil

Dangote Plans Major Refinery Expansion to Boost Capacity and Create Thousands of Jobs

Aliko Dangote Targets 1.4 Million Barrels Per Day Capacity Expansion at Dangote Refinery, Creating Up…
International News Oil Petroleum

South Africa Turns to US Fuel Imports as Middle East Supply Risks Reshape Energy Trade

South Africa Boosts US Fuel Imports Amid Strait of Hormuz Tensions and Rising Global Shipping…
International Energy Gas News

Senegal Takes Full Control of Yakaar-Teranga Gas Project After Kosmos Energy Withdrawal

Senegal Transfers Yakaar-Teranga Gas Project to State Firm PETROSEN as Kosmos Energy Exits Major Offshore…
International Corporate News Oil

Rhino Resources Advances Capricornus Oil Discovery Appraisal Offshore Namibia

Rhino Resources Launches Capricornus-1A Appraisal Well to Assess Light Oil Discovery in Namibia’s Orange Basin…
Corporate News Gas International Oil

TotalEnergies Expands Local Supplier Spending as Namibia’s Oil and Gas Sector Gains Momentum

TotalEnergies Invests $141 Million in Namibian Suppliers to Boost Local Participation in Offshore Oil and…
International Gas News

Congo: Eni’s Tango FLNG Receives First Gas

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

Loading

Read More Here

International Gas Oil

Petrobras Acquires Stakes in 3 São Tomé and Príncipe Blocks

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

Loading

Read More Here

Local News Oil

Corcel soars as latest Angola drilling results point to oil

Shares in Corcel jumped over 12% on Thursday morning as the company reported positive drilling results from its part-owned site in Angola. Drilling in the TO-14 well, which is part of the onshore KON-11 block, confirmed oil throughout, the company said in an update. These mirrored drilling results from the TO-13 well and effectively confirm production can be reactivated on the potentially significant hydrocarbon deposit, Corcel added. “We’ve confirmed that the same formations are contiguous

Loading

Read More Here

International Gas News Oil

Africa’s leading oil independent secures major stake in Mozambique’s Mazenga gas block

Africa’s largest oil independent, Aiteo, has marked a significant expansion in its global energy portfolio by acquiring a major stake in the Mazenga gas block, the largest onshore gas reserve in Africa, situated in Mozambique. The strategic acquisition was made possible through a series of agreements with Mozambique’s State oil firm, Empresa Nacional de Hidrocarbonetos (ENH), effectively positioning Aiteo as the new operator of the block. The Mazenga gas block, located in Mozambique’s prolific sedimentary

Loading

Read More Here

International Oil Petroleum

Oil prices stabilise as Red Sea transport disruptions ease

Oil prices steadied on Thursday after falling sharply in the previous session, as concerns eased about shipping disruptions along the Red Sea route even as tensions in the Middle East continued to rise. Brent crude futures inched up 10 cents, or 0.1%, to $79.75 a barrel by 0424 GMT, while U.S. WTI crude futures were trading 5 cents lower at $74.06 a barrel. Prices dropped nearly 2% on Wednesday as major shipping firms began returning

Loading

Read More Here

International Gas News

TotalEnergies to restart its delayed Mozambique LNG project in early 2024

French energy firm TotalEnergies plans to restart its long-delayed $20 billion Mozambique liquefied natural gas (LNG) project in the first quarter of next year, two sources told Reuters late on Friday. Work on the project has been halted since 2021 when a violent insurgency led by Islamic State-linked militants threatened the Cabo Delgado site, leading to TotalEnergies declaring force majeure and halting construction. In September, chief executive officer at TotalEnergies, Patrick Pouyanne, said the company

Loading

Read More Here

International Renewable Energy

Globeleq completes its acquisition of the Mocuba solar PV power plant in Mozambique

Globeleq, the leading independent power company in Africa, has completed its acquisition of a 52.5 % stake and a 22.5% stake in the 41 MW Central Solar de Mocuba solar PV power plant (Mocuba) in Mozambique from Scatec ASA and KLP Norfund respectively. Electricidade de Moçambique (EDM), the national power company of Mozambique, continues to hold the remaining 25% stake in the plant. This acquisition significantly expands Globeleq’s renewable energy footprint in Mozambique and comes

Loading

Read More Here

International Gas News

Nigeria to commence the supply of gas to South Africa

Riverside LNG, an energy-based in Nigeria, has announced plans to supply gas to South Africa, in what would be the first such deal between the two countries. Earlier this year, Riverside LNG inked a gas-export partnership agreement with Johannes Schuetze Energy Import AG of Germany, and the company is presently exploring potential deals on the continent, according to Chief Executive Officer David Ige, Bloomberg reported. Nigeria boasts the largest gas reserves in Africa. The country

Loading

Read More Here

Oil Gas International News

Europa Oil & Gas Buys into Offshore Equatorial Guinea License

London-listed exploration and production company, Europa Oil & Gas, has acquired a working interest in Block EG-08 offshore Equatorial Guinea through a three-million-dollar acquisition of Antler Global. In partnership with national oil company GEPetrol (20%), Antler Global owns an 80% stake in Block EG-08, located in the Douala Basin. The deal sees Europa Oil & Gas acquire a 42.9% equity interest in Antler Global, with the funds used to execute a first-year work program that

Loading

Read More Here

Local

Five Decarbonization Initiatives to Watch in Angola

Along with spearheading the expansion of its oil and gas sector, Angola is simultaneously prioritizing decarbonization and environmental stewardship, aligned with its recently-approved National Strategy for Climate Action. This strategy focuses on adopting a low-carbon development model, mobilizing state resources and enhancing local capacity to develop and adopt new and environmentally-driven technologies. The country’s long-term development strategy aims to achieve 60% electricity access by 2025, with 70% of installed generation capacity derived from renewable sources.

Loading

Read More Here

1 … 260 261 262 263 264 … 400

You have successfully subscribed to the AMG Weekly newsletter

There was an error while trying to send your request. Please try again.

Angolan Mining Oil & Gas will use the information you provide on this form to be in touch with you and to provide updates and marketing.