Burkina Faso Set to Boost Gold Output as New Mines Come Online
Debswana and BPC Partner to Advance Renewable Energy Goals Through REC Agreement
Pensana Secures £2-Million Investment Boost as Longonjo Mine Construction Advances
South Africa Proposes 10-Year LNG Import Deal with the U.S. to Boost Trade and Energy Security
South Africa’s Fuel Crisis Deepens as Refining Capacity Halved
Third Fatality Confirmed Following Cabinda Oil Platform Accident
Congo Secures AfDB Funding for Hydropower Feasibility Studies at Mbandza Ndounga and Linzolo
Eni, Vitol, and GNPC Begin New Drilling Phase to Sustain Production Offshore Ghana
Angola Signs 25-Year Risk Service Contract for Block CON 4 to Boost Onshore Oil Development
TotalEnergies Eyes Mid-2025 Restart for $20 Billion Mozambique LNG Project
Burkina Faso Set to Boost Gold Output as New Mines Come Online
Debswana and BPC Partner to Advance Renewable Energy Goals Through REC Agreement
Pensana Secures £2-Million Investment Boost as Longonjo Mine Construction Advances
South Africa Proposes 10-Year LNG Import Deal with the U.S. to Boost Trade and Energy Security
South Africa’s Fuel Crisis Deepens as Refining Capacity Halved
Third Fatality Confirmed Following Cabinda Oil Platform Accident
Congo Secures AfDB Funding for Hydropower Feasibility Studies at Mbandza Ndounga and Linzolo
Eni, Vitol, and GNPC Begin New Drilling Phase to Sustain Production Offshore Ghana
Angola Signs 25-Year Risk Service Contract for Block CON 4 to Boost Onshore Oil Development
TotalEnergies Eyes Mid-2025 Restart for $20 Billion Mozambique LNG Project
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
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
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
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
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
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
The Porto-Amboim Naval Shipyard (PAENAL), dedicated to building modules for the oil industry, will start to rely, as of June, on electricity from the public network. This action will reduce the company’s operating costs, as announced last Tuesday by the director general of the metal-mechanical company. Luís Barroso considered it opportune to lay the first stone of the project to install electricity from the public network for the Paenal shipyard, as it will allow the
Last month, Angola produced a daily average of 1.06 million barrels of oil per day (bpd), against the 1.14 million forecast, according to the document. The numbers are lower than January’s performance, when Angolan crude production stood at 34.29 million barrels, at an average of 1.106 million bpd, against 1.197 million forecast. It should be noted that, although the ANPG did not list the causes of the contraction in oil production in February, the reduction
The AEC believes The Sentry’s report is a classic case where there is a sinister rush to judgment, an obsession to taint an African Energy Company, Trinity Energy and the South Sudan oil industry The African Energy Chamber rejects the accusations made by The Sentry as misleading, disrespectful, and unfair to South Sudan and Trinity Energy. The AEC believes The Sentry’s report is a classic case where there is a sinister rush to judgment, an
This year’s MSGBC Oil, Gas & Power Conference and Exhibition will feature the participation of the ministries of energies and resources from Mauritania, Senegal, The Gambia, and Guinea-Bissau Energy Capital & Power (ECP) is pleased to announce the participation of the Ministries of energy, resources, and related sectors from Mauritania, Senegal, The Gambia, and Guinea-Bissau at this year’s MSGBC Oil, Gas & Power 2023 Conference and Exhibition. During this year’s edition, the respective Ministries will showcase the
