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Diamonds International News

Petra reports total third-tender cycle sales of $69.7m

18, December, 202318, December, 2023

Diamond producer Petra Diamonds has announced the final sales results for its third tender cycle following further sales of 56 600 ct for $9.3-million. This brings total sales for the cycle to $67.9-million from 519 400 ct sold. The final sales results delivered a 19.3% increase in like-for-like prices compared with the second tender cycle. This has reaffirmed the company’s belief that diamond prices have likely bottomed. A further 25 200 ct of goods from

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Diamonds International News

India’s Modi says new Diamond bourse in Gujarat to create 150 000 jobs

18, December, 202318, December, 2023

India’s Surat diamond bourse will create 150 000 new jobs and become a “one-stop shop” for artisans and businessmen, Prime Minister Narendra Modi said as he inaugurated the new bourse in Gujarat. Surat, in Gujarat state, where Modi originally hails from, cuts and polishes 90% of world’s rough diamonds and the bourse will support its ambition to become the world’s diamond capital. Constructed over 6.6-million square feet, the bourse is touted as the world’s largest

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International Gas Oil

Petronas, Shell, QatarEnergy and TotalEnergies sign Suriname offshore contracts

18, December, 202318, December, 2023

Four oil and gas giants – Shell, TotalEnergies, QatarEnergy, and Petronas – have inked production sharing contracts (PSCs) with Staatsolie for blocks offshore Suriname, enlarging their presence in the country’s offshore oil and gas industry. These PSCs have been signed for blocks 63, 64, and 65, which were part of the Demerara Bid Round held from November 2022 to May 2023. The contracts from the bids were signed after negotiations with selected partners. The Demerara

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International Renewable Energy

South Africa Launches Bid Round 7 for REIPPP Program

18, December, 202318, December, 2023

South Africa has launched the seventh bid round for its flagship Renewable Energy Independent Power Producer Procurement (REIPPP) program, targeting the development of 3,200 MW of wind and 1,800 MW of solar PV power. The bid round is part of efforts to establish 14,771 MW of new installed generation and storage capacity, including 9,600 MW of wind and 3,940 MW of solar. According to South Africa’s Ministry of Mineral Resources and Energy, both the seventh

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International Oil Petroleum

10 African countries with the highest daily fuel consumption

18, December, 202318, December, 2023

Oil means different things to different African countries, but at the end of the day, it plays a big role in shaping the continent’s economy. Some countries see it as a major economic driver, while others rely on it as their main energy source. For instance, countries like Nigeria, Angola, Libya, and Algeria have become major players in the oil industry, shipping out millions of barrels each year. The money from these oil exports plays

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Local Gas News Oil

Dinge Sondagem’s New Onshore Oil Drilling Rig Commences Operations in Cabinda

17, December, 202317, December, 2023

An onshore oil well drilling rig, owned by the Angolan company Dinge Sondagem, has been operating in Cabinda since Friday last week, when it was inaugurated by the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, to provide services to operators of the hydrocarbon industry. Installed in the village of Banza, Regedoria de Cotra, the probe is one of the most modern operating in the Angolan “onshore”, representing an investment of six million dollars,

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Diamonds Local News

Catoca plans to eradicate work Accidents

17, December, 202317, December, 2023

The Sociedade Mineira de Catoca (SMC) has been observing, since last Friday December 15th, the Internal Week for the Prevention of Accidents at Work (SIPAT), to expand the adoption of safety procedures in operations that lead to the eradication of accidents, Jornal de Angola learned of the deputy director general for the area of Administration. Paulo Mandela indicated that, during five days of activities during which SIPAT takes place, meetings are planned to collect contributions

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Local News Oil

Production records in Sonangol blocks

17, December, 202317, December, 2023

Blocks 3/05 and 3/05A, operated by Sonangol, reached, last Sunday, record production of 25 thousand barrels of oil per day (bpd), 4.0 percent more than at the beginning of the year, when it was at 16 thousand bpd, announced the company’s Exploration and Production Business Unit (UNEP). Data released by UNEP on the Ngol program, broadcast by Sonangol on Rádio Nacional de Angola, indicate that these production levels had not been observed for more than

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Local News Oil Petroleum

Angola produced around 32.5 million barrels of Oil in November

17, December, 202317, December, 2023

In November, Angola’s oil production recorded a decrease of approximately 9.0% compared to November 2022. The National Petroleum, Gas, and Biofuels Agency (ANPG) released this data on December 15th in its Oil Production Report for that month. The document indicates that November’s monthly production corresponded to an average of 1,083,768 barrels of oil per day (BOPD), below the forecast of 1,161,285, also ending up being lower than the October average of 1,147,203 BOPD. In turn,

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International Gas Oil

Niger to Export Oil to Benin via Pipeline Next Month

17, December, 202317, December, 2023

Niger has announced that it will begin exporting its crude oil through the newly constructed Niger-Benin pipeline in January 2024. The pipeline, which was inaugurated last November, establishes a crucial link between Niger’s Agadem oilfield and Benin’s Port of Cotonou. Niger anticipates the export of 90,000 barrels per day (bpd) through the pipeline to Benin, earning export revenues on approximately one-quarter of the total volume. Currently, Niger operates a modest oil refinery with a capacity

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