Angolan Mining Oil & Gas - Page 283 of 390 - Top Angolan News for Oil, Gas and Mining Industries

International Oil Petroleum

Oil Price Forecast: Potential Collapse to $70 per Barrel in 2024

5, October, 20235, October, 2023

According to forecasts from American finance and insurance giant Citigroup, the barrel of Brent, which serves as a benchmark for a large part of global oil production, could collapse to around $70 in 2024. According to these forecasts published on Monday October 2, 2023, it appears that this collapse estimated at around 70 dollars would be dependent on an expected excess supply. “There is a risk of a significant correction during the fourth quarter of

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Diamonds International

Lucara reports two Resignations

2, October, 20232, October, 2023

Diamond mining company Lucara Diamond today, October 2nd announced the resignation of CFO Zara Boldt and VP of technical services John Armstrong. Boldt will step down with effect from December 29, and Armstrong will resign on December 1. The company did not name successors for either Boldt or Armstrong. Lucara, which owns the Karowe mine in Botswana, in August reappointed William Lamb as CEO, when Eira Thomas resigned.

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Diamonds International News

De Beers signs ten-year sales deal for Botswana Diamonds

2, October, 20232, October, 2023

Anglo American unit De Beers and Botswana’s government signed a deal covering the main aspects of a new sales and mining agreement for their Debswana diamond venture in the African nation. The pact covers a new ten-year sales deal for Debswana’s rough diamond production through to 2033, along with a 25-year extension to the Debswana mining licences through to 2054, De Beers and the Botswana government said in a joint statement on Sunday. The latest incident happened in Chegutu, some 100 km

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Gas Local Oil Petroleum

Sapura Energy Awarded $300M Angolan Contract

2, October, 20232, October, 2023

Global oil and gas services provider Sapura Energy has been awarded a $300 million contract by Azule Energy – a 50:50 joint venture between oil and gas supermajors Eni and bp – for the provision of offshore transportation and installation services for Angola’s offshore Northern Gas Complex project. Under the contract, Sapura Energy will provide engineering services, transportation and installation, and other services for the Quiluma and Maboqueiro platforms, with work for the project expected for completion

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International Mining

Nigeria warns international entities supporting banditry-linked Illegal Mining

2, October, 20232, October, 2023

The Ministry of Solid Minerals Development of the Federal Government of Nigeria has issued a warning to international entities that support banditry in order to carry out unlawful mining in the nation. Alaba Balogun, the ministry’s head of press and public relations, issued this warning via a statement he released last week. The warning, according to the Punch NG, a Nigerian newspaper, was issued by Minister Dr. Oladele Alake and was relayed during a courtesy

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International Renewable Energy

Kenya Advances Solar Energy Adoption with UN Assistance

2, October, 20232, October, 2023

A greater investment in skill development in solar market technology, according to a United Nations organization, might help create jobs in nations such as Kenya through collaborations with multinational businesses that control the sector. The United Nations Conference on Trade and Development (UNCTAD) has urged governments to create skills that would enable young people to find work and to promote local enterprises’ participation in solar panel supply chains. “Growth in the solar panel market provides

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Gas International Oil Petroleum

Nigerian Govt announces six-month VAT exemption on Diesel

2, October, 20232, October, 2023

To alleviate the consequences of removing the petrol subsidy, the federal government has announced its intention to temporarily exempt diesel from value-added tax (VAT) for the next six months. Femi Gbajabiamila, the Chief of Staff to President Tinubu, revealed this development as part of the waivers from the resolution reached between the Federal Government and leadership of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) at the end of a four-hour meeting held

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Diamonds International

Botswana reassessing HB Antwerp deal after Lucara Diamond cuts ties

2, October, 20232, October, 2023

Botswana’s government is reassessing a proposed deal with HB Antwerp after Lucara Diamond terminated its sales agreement with the Belgian gem trader, citing financial irregularities, President Mokgweetsi Masisi said last week. Lucara Diamond said on Thursday it had ended its agreement with HB Trading BV, a unit of HB Antwerp, following what it called “a material breach of financial commitments by HB”. HB did not immediately respond to requests for comment. In March Botswana, the world’s

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Gas Local Oil Petroleum

TotalEnergies Sells 40% Stake in Block 20 Offshore Angola

2, October, 202310, October, 2023

Oil and gas supermajor TotalEnergies has finalized the sale of a 40% stake in Block 20 – situated in the Kwazna Basin, offshore Angola – to global energy group, Petonas, for $400 million. Following the transaction, TotalEnergies will retain operatorship of the block and a 40% interest in the concession. Petronas will own a 40% stake while Angolan National Oil Company, Sonangol, will hold its 20% stake in the block. TotalEnergies is pleased to welcome

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Diamonds International

Lucara Diamond terminates HB Trading sale agreement

28, September, 202328, September, 2023

Canadian diamond miner Lucara Diamond has terminated the sales agreement with HB Trading, following a “material breach of financial commitments” by HB. Lucara says it will continue to use its established mechanisms to sell Karowe’s rough diamond production, namely through its Clara diamond sales platform, traditional tenders and other value-added mechanisms for stones. “The Lucara production profile is unique in the diamond industry and the company will continue to look at innovative sales mechanisms to maximise the

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