Ghana’s Damang Gold Mine Transitions to Local Ownership Under Engineers and Planners
Chevron Appoints Emmanuelle Garinet to Lead Exploration in the Americas and Africa
Angola’s Cabinda Refinery Nears Production Start Following Ministerial Inspection
Angola Begins Gas Exports from Quiluma Field with 150 Million Cubic Feet per Day
Angola Leads African Rare Earth Surge with $165 Million Investment in Longonjo Project
Burkina Faso Mining Development Fund Raises CFA85.7 Billion in 2025
Chinese Investors Dominate $21.8 Billion in Proposed Investments in Angola
TotalEnergies Restarts Production at Libya’s Mabruk Oil Field After 11-Year Shutdown
Seplat Energy Plans 17 New Wells in 2026 to Boost Production
Energean to Acquire Chevron Stakes in Angola’s Block 14 Assets
Revenue at Lucapa Diamond Corp. slumped in the third quarter as the miner held back seven large stones to sell at a tender earlier this month. Group sales slid 43% year on year to $14.6 million for the period, Lucapa reported last week. Sales volume dropped 24% to 15,493 carats, with production down 20% at 16,588 carats. The slowdown reflected lower sales and output from the Lulo mine in Angola, where revenue plummeted 56% to
Angola’s national oil company, Sonangol, signed a framework agreement with French multinational petroleum corporation TotalEnergies earlier this year to explore developing the first offshore drilling project in the Kwanza basin, an abundant and expansive oil field some 150 kilometers southwest of the country’s capital Luanda. The provisional agreement inked in May between Sonangoal, TotalEnergies EP Angola and Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG), will pave the way for the future development of the
A bill enabling Uganda National Oil Business (Unoc), a state-owned oil business, to buy and supply oil to Uganda’s domestic market has been passed by the country’s cabinet. The bill will terminate the present method of importing oil through Kenyan wholesalers if it is approved by parliament. The goal of this new initiative, according to Energy Minister Ruth Nankabirwa who spoke on the issue on Tuesday, is to “improve the security of supply of petroleum products
Angola is on the verge of opening its maiden gold refinery, currently being built at the Viana Industrial Complex in Luanda. The facility is expected to begin operations in the second half of 2024, with 23 young Angolans currently undergoing training in Portugal, according to a ministerial source. The Ministry of Mineral Resources, Oil, and Gas, responsible for this initiative through the Angolan company GEDANGOL, reports that construction progress on the Gold Refinery has reached
A gold exploration project was inaugurated in Cabinda province last week, representing a $15.2 million investment. This project anticipates an estimated annual production of 3,900 ounces from secondary deposits. The inauguration ceremony was officiated by Diamantino Azevedo, the Minister of Mineral Resources, Oil, and Gas, along with Cabinda’s Governor, Mara Quiosa. The project’s goal is to explore gold in Cabinda, with an expected annual production of 8,900 ounces from secondary deposits. The Ministry of Mineral
Nigeria’s Government aims to reopen the country’s Kaduna oil refinery by the end of 2024. Currently undergoing a rehabilitation project, the refinery will have an initial production rate of 60,000 barrels per day. The announcement was made by Nigeria’s Minister of State for Petroleum Resources, Heineken Lokpobiri, during an assessment of the ongoing quick-fix project at the Kaduna refinery. Poised to ensure the West African country’s energy security and socioeconomic development, the rehabilitation of the
Government and its partners are working tirelessly, and I am happy to report that we are on track to have the first oil by the end of 2025,” Nankabirwa said, while presenting a statement on the status of oil and gas projects in the country, to Parliament on Wednesday, 25 October 2023. According to Nankabirwa, the government has already drilled a total of 11 oil wells; eight in the Tilenga and three in the Kingfisher
The state-owned Egyptian Chemical Industries Company (KIMA) reported a decline in natural gas supplies, according to a bourse statement on Tuesday 31st October. The news came amid media reports that gas supplies to fertilizer companies had been cut by 30 percent. The news led to a sharp decline in the stocks of petrochemical companies, including Kima, Misr Fertilizers Production Co (Mopco), and Abu Qir Fertilizers (ABUK), which dropped 11.82 percent, 13.11 percent, and 11.49 percent,
The Italian engineering and construction services firm, Rosetti Marino, has been awarded a $300-million contract by the oilfield services company Saipem to carry out Engineering, Procurement and Construction services for a project offshore Libya. Under the contract, Rosetti Marino will be responsible for constructing a Gas Recovery Module (GRM) weighing approximately 5,000 tonnes, modifying the existing central processing platform to accommodate the new GRM, and refurbishing the staff accommodation module. Expected to be completed in
The energy sector grapples with uncertainty as traders prioritize current fundamentals while demand weakens during the approaching low-demand season. The energy sector has recently experienced a series of fluctuations that have sent ripples through the global market. These fluctuations are predominantly tied to the losses in crude oil and diesel, which have raised questions about the sector’s stability. Amidst this uncertainty, experts are closely monitoring the market focus, which alternates between the risk of a
