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
A total of 3.4 million barrels of oil per day was produced on average by Brazil in August, which represents an increase of 12.2 percent compared to the same month last year. According to data released by the National Petroleum Agency (ABP), in relation to July, production fell 1.4 percent. The maritime fields of the pre-salt oil horizon, which are located in deep waters of the Atlantic Ocean, have once again become the country’s main
The price of oil will continue to stay elevated as demand for energy increases, says the secretary general of Opec+. Opec+ is a group of 23 oil-exporting countries which decides how much crude oil to sell on the world market. “We see demand growing about 2.4 million barrels a day,” Haitham Al Ghais told the BBC. Saudi Arabia said it would be cutting its production of crude oil by a million barrels a day to
Nafusah Oil Operations – a joint venture comprising the Libyan National Oil Corporation, Medco International Ventures Limited and the Libyan Investment Authority – has kickstarted the connection of the North Hamada fields to the El-Feel pipeline and Mellitah oil and gas treatment facilities in Libya. The aim is to ensure the transportation of 10,000 barrels of crude oil per day from the North Hamada fields for processing at Mellitah and monetization both on the local
Home to an established energy market that provides for a wide range of oil and gas, renewable energy and power distribution investment opportunities, Algeria is well-positioned to serve as a major energy supplier to regional and global markets. The north African country holds up to 159 trillion cubic feet (tcf) of natural gas resources and 12.2 billion barrels of oil reserves, producing approximately 970,000 barrels of oil and 9.9 billion cubic feet of gas per
The value of De Beers’ rough diamond sales for the eighth sales cycle of this year decreased to a provisional $200-million, as the diamond miner reduced its rough diamond availability in light of the industry’s midstream working to rebalance certain areas of stock accumulation. De Beers sold $508-million of rough diamonds during the eighth sales cycle of 2022 and $370-million of rough diamonds in the seventh sales cycles of this year. Sightholder and auction sales for
Canadian diamond mining company Diamcor Mining, which owns and operates the Krone-Endora at Venetia mine, in South Africa’s Limpopo province, plans to complete a term loan financing of up to C$5-million. The proceeds will be used for general corporate purposes, the deployment of additional operational equipment to support increased processing volumes, the continued advancement of the work programmes currently under way at Krone-Endora and to provide the company with additional working capital to offset the timeframes associated with the
HB Antwerp, a Belgian gem processor and trader, said that one of its founding members who was fired last month has been reinstated, amid a pending deal with Botswana for the supply of rough stones. Oded Mansori was reinstated as managing partner and director and all four of the company’s founding partners have moved past “internal differences of the last several weeks”, HB Antwerp said in a statement issued late on Monday. The three-year-old company said last month
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
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.
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
