Africa Positions Itself as Key LNG Supplier to Europe Amid Global Energy Shifts
Nigeria’s Petrol Imports Plunge as Dangote Refinery Dominates Local Supply
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
The Ministry of Trade and Regional Integration has kept all fuel prices unchanged for the next 30 days. Its previous two tariff adjustments prompted by the rise in the global crude oil and naphtha market saw retail prices of fuel in Ethiopia surge for two consecutive months. Also read: IMF sees “good progress” from Ethiopia In a statement today, the ministry said the prices at the pump set for September would remain unchanged for the
The G7 countries will this week discuss four plans to ban Russian diamonds from G7 markets starting from January 1. These proposals, which aim to restrict the entry of Russian diamonds into G7 countries, vary in their stringency and approach, reflecting the challenges in reaching a consensus. The four proposals were prepared by Belgium, India, a French jewelry industry group, and the World Diamond Council and will be discussed at a technical meeting of G7
The UK announced a pledge to help African countries expand their critical mineral supply chains with a focus on promoting mineral exploration and processing, generating value added activities, and creating local jobs during the Critical Minerals Africa 2023 summit on Wednesday 18th October. “African countries rightly have a high level of ambition for unlocking the value of their natural resources, and the UK will work with them in partnership to support the delivery of their
Last month, the associated gas production was 71.11 million cubic feet (MMCF), with an average of 2.37 MMCF per day. Out of this, 1.50 million were injected, 417 million were supplied to the ALNG factory, 325 million were used for power generation at the oil facilities, and the remainder was used in oil operations and transportation. The report adds that during the month of September, ALNG produced 2.9 million barrels of oil equivalent, averaging 99.4
The Brent futures (which are a reference for Angolan sales) rose by seven cents to $89.50 per barrel at 5:00 PM (Angola time), and the West Texas Intermediate (WTI) from the United States rose by 19 cents to $86.47 per barrel. The Government and the opposition in Venezuela resumed long-suspended negotiations yesterday, a move that President Nicolás Maduro believed would benefit the 2024 elections and could potentially lead Washington to ease sanctions, according to several
Major Rio Tinto has launched a new exclusive sales event for some of the diamonds recovered from its Australian and Canadian mines. Known as The Beyond Rare tender, the inaugural collection showcases 48 lots of exceptional polished diamonds, including legacy inventory of pink and red diamonds from the Argyle diamond mine and yellow diamonds from Rio Tinto’s Diavik diamond mine. “The Beyond Rare tender is a new chapter for Rio Tinto’s diamonds business, and a
Angola’s largest private oil and gas company Azule Energy plans to raise production by around 14% to 250,000 barrels per day (bpd) by 2026, its CEO said in a boost to the country’s plans to turn around flagging output. Azule Energy, a 50/50 joint venture between Eni (ENI.MI) and BP (BP.L), was formed last year when the two companies consolidated their Angolan assets. The company plans to drill 16 exploration wells over the next four
The industrial gold production in Mali, one of Africa’s top producers of the precious metal, is expected to reach or even exceed its forecast of 67.7 tonnes for 2023, according to a mines ministry official. Gold production from mines, mainly owned by Barrick Gold, B2Gold, Resolute Mining, Allied Gold, and Endeavour Mining, stood at 45.4 tonnes at the end of August, surpassing the initial forecast of 43 tonnes, Mamadou Sidibe, head of the mines ministry’s
As the global economy continues to navigate through the challenges posed by the ongoing COVID-19 pandemic and the evolving energy landscape, there’s a glimmer of hope for consumers around the world. In recent weeks, speculation has been rife that fuel prices might experience a much-anticipated cut in November. Based on the current oil, international fuel and rand prices, the latest data from the Central Energy Fund (CEF) shows that petrol prices could be cut by
Anglo American Platinum, BMW Group South Africa (BMW SA), and Sasol have partnered to prove that a hydrogen mobility ecosystem can operate successfully within South Africa. The three companies inked an agreement on Monday at the 2023 South African Green Hydrogen Summit in Cape Town that will bring hydrogen fuel cell electric vehicles (FCEVs) and supporting hydrogen refueling technology to South Africa. In terms of the agreement, BMW will provide the FCEVs a test fleet
