Angolan Mining Oil & Gas - Page 278 of 389 - Top Angolan News for Oil, Gas and Mining Industries

Lucapa Celebrates a Highly Profitable Diamond Tender Event

13, October, 202313, October, 2023

Diamond miner Lucapa Diamond Company has announced revenues of A$15.7 million from the sale of seven exceptional diamonds from its Lulo operation, in Angola. The company sold 534.9 carats by tender, achieving an average price of $29,401 per carat. Of the seven diamonds sold during the tender, the 180-carat Type II white diamond recovered in June this year, and a 66-carat pink diamond, attracted the highest prices per tonne. “This tender demonstrates that the weakness

Read More Here

Economy Energy International News

EBRD Greenlights €45M Financing for North Africa-Europe Energy Link

13, October, 202313, October, 2023

The European Bank for Reconstruction and Development (EBRD) has approved a €45 million loan to Tunisia’s Société tunisienne de l’électricité et du gaz (STEG) for a submarine power cable linking Tunisia and Italy. STEG will combine the loan with a €307.6 million grant from the European Union’s Connecting Europe Facility, and financing from the European Investment Bank, the World Bank, and KfW to develop the 200-km 600 MW high-voltage direct current transmission network. The project,

Read More Here

Diamonds Economy Local Mining News

National Diamond Auction Yields 22 Million Dollars for SODIAM

13, October, 202317, October, 2023

The National Diamond Trading Company of Angola (SODIAM) announced that it raised 22 million dollars from the auction sale of 1,329.89 carats of rough diamonds on Thursday, October 12, 2023. This was the 7th diamond auction held in Luanda and included special stones from mining companies such as Lulo, Kaixepa, Somiluana, Catoca, and Luele, according to a statement from Sodiam sent to Lusa. The most valuable diamonds came from the Lulo mine and yielded nearly

Read More Here

Gas International News

Predator Oil & Gas Unleashes Potential in Morocco: Pursuing Gas Ventures

12, October, 202312, October, 2023

Predator Oil & Gas Accelerates Moroccan Gas Exploration, Seeks Downstream Partnerships While Anticipating Favorable Test Results to Boost Stock Value. Early summer brought a surge of anticipation in the energy sector as Predator Oil & Gas embarked on exploratory endeavors in Morocco. Last week, the company unveiled a significant development in its North Africa operations. Predator has initiated discussions with a downstream energy-focused group to potentially sell its share of the gas produced at the

Read More Here

Economy Energy International News

Algeria: TotalEnergies and Sonatrach Joint Venture Greenlights Pipeline Expansion Project

12, October, 202312, October, 2023

The TFT Group, a joint venture comprising the Algerian National Oil Company Sonatrach and the global oil and gas major TotalEnergies, has signed a contract with Entreprise Nationale de Grands Travaux Pétroliers (ENGTP) to expand the TFTII oil and gas pipeline. ENGTP will conduct engineering studies, procure equipment, and materials for the project, as well as construct the pipeline, flowlines, and surface facilities as part of the 8 billion dinars contract. The extension of the

Read More Here

Economy Energy International News

Petrofac Unveils Promising Career Prospects in the Ever-Changing Energy Landscape

12, October, 202312, October, 2023

In a time of significant change and transformation in the global energy sector, Petrofac is gearing up to play a pivotal role in meeting the evolving energy needs of the world. The company is actively seeking dynamic team players to join its ranks and contribute to its mission of shaping the future of energy supply and security. The world is currently reevaluating its energy supply sources and energy security requirements. As it plans for a

Read More Here

Economy International News

US Crude Oil Prices Decline as Stockpile Surges, Alleviating Supply Worries

12, October, 202312, October, 2023

Oil prices fell for a third day on Thursday, dragged down by a larger-than-expected crude and gasoline stock build in the U.S. and easing supply concerns. Brent futures fell 43 cents, or 0.50%, to $85.39 a barrel at 0623 GMT, while U.S. West Texas Intermediate crude retreated 53 cents, or 0.63%, to $82.96 a barrel. Both benchmarks have given back most early-week gains after falling more than 2% in the previous session. U.S. crude oil

Read More Here

Economy Local News Oil

Angola Contemplates Delaying Fuel Subsidy Reduction Amidst Public Demonstrations

12, October, 202312, October, 2023

Angola may slow the removal of fuel subsidies to avoid a repeat of protests in June over a near-doubling in petrol prices in which at least five people were killed, the southern African country’s finance minister said on Monday. No decision has been made yet in ongoing internal discussions on whether to extend the end-2025 deadline for phasing out the subsidies, Vera Daves de Sousa told Reuters in an interview on the sidelines of the

Read More Here

Diamonds International

De Beers suspends Online tenders as Diamond sales fall to $200m

12, October, 202312, October, 2023

DE BEERS will suspend online rough diamond sales and plough $20m into marketing gems ahead of the critical year-end buying season. The Anglo American-controlled firm also said it had reduced its rough diamond availability amid a 61% year-on-year decline in rough diamond sales for the eighth cycle which came in at $200m (2022: $508m). Sales in the seventh cycle totalled $370m. Commenting on its decision to suspend online sales, De Beers CEO Al Cook said

Read More Here

Diamonds Local Mining Technology & Innovation

Endiama Employs Homegrown Technological Tool to Enhance Mining Activity Surveillance

12, October, 202312, October, 2023

Endiama, the national diamond company, will use TECH-Minas, an unprecedented tool created in Angola, to monitor mining activity and the “alarming” problem of mining, announced the president of the company’s board of directors. Jose Ganga Júnior stated that TECH-Minas facilitates the monitoring and surveillance of mining activities, performance levels, as well as security issues in the areas. “The mining industry, which presents alarming environmental problems and ecological disasters, can be observed from our office almost

Read More Here

« Prev 1 … 276 277 278 279 280 … 389 Next »

More Angolan Mining News