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International News Oil

International Oil Companies Invited by Iraq to Explore New Oil and Gas Opportunities

13, September, 202313, September, 2023

Iraq has invited global oil companies to bid for new oil and gas concession areas as part of its sixth round of licenses announced in June. In an address at an oil project conference and exhibition that was opened in the capital Baghdad on Sunday 10th September 2023, Iraqi Oil Minister Hayan Abdel Ghani said Baghdad is pursuing a drive to maximize the country’s gas deposits to slash imports from nearby Iran. “We hope that

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Gas Local News Oil

AOG 2023 Launches with Excitement and Anticipation

13, September, 202313, September, 2023

With one day left before the fourth edition of the Angola Oil & Gas (AOG) Conference & Exhibition – which kicks off this Wednesday at Centro de Convenções Talatona (CCTA) – conference organizers Energy Capital & Power are gearing up to welcome a prominent line-up of energy ministers, industry leaders, financiers, and national and international oil executives to one of Africa’s most influential energy markets. AOG 2023 serves as the annual meeting place for the

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Local News Oil

Oil Prices Retreat After Recent Gains

13, September, 202313, September, 2023

The oil prices fell on Monday, even though a week ago, Saudi Arabia and Russia had announced new production cuts, driving prices to a ten-week high. Oil prices drop despite Saudi Arabia and Russia’s maintenance of cuts. Saudi Arabia and Russia announced last week that they would extend voluntary cuts of a combined total of 1.3 million barrels per day (bpd) until the end of the year. The price of Brent (the benchmark for Angolan

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Local Oil Petroleum

Sonangol receives second Oil Tanker

13, September, 202313, September, 2023

Sonangol received, on Tuesday 12th September, the second oil tanker of the Suezmax type, in the city of Mokpo, South Korea, ordered from the company Hyundai Samho Heavy industries. For the vessel’s godmother, named “Sonangol Njinga Mbande”, in honor of the sovereign Queen of the Kingdom of Ndongo and Matamba, the choice fell to the First Lady of the Republic, Ana Dias Lourenço. In carrying out the ritual dictated by the ancient tradition of sailors,

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Diamonds Economy Local

Rio Tinto prospecting for Quimberlito in Chiri

13, September, 202313, September, 2023

The Australian multinational Rio Tinto, the second largest minerals company in the world, began prospecting operations for kimberlites and diamonds in the commune of Chiri, province of Lunda-Norte, informed the company’s general director. The four-year prospecting phase takes place in a 75 hectare or 108 square kilometer mine, under the terms of a mining investment contract in Quimberlito do Chiri signed between the Ministry of Mineral Resources, Oil and Gas, Endiama and Rio Tinto ,

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International Renewable Energy

G20 Divided on Oil as Renewable Energy Commitment Triples

13, September, 202313, September, 2023

The future of fossil fuels, the main cause of the increasingly severe climate crisis, is this year at the center of international negotiations that will culminate in December, at COP28. The G20 expressed itself, last Saturday, deeply divided in relation to oil, deciding not to call for an exit from fossil fuels, but rather to support, for the first time, the tripling of renewable energies by 2030. The G20’s commitment to renewable energies, reached at

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Gas Local Oil

KCA Deutag Secures $60M Contract Extension in Angola

13, September, 202313, September, 2023

KCA Deutag, an international oil and gas services company, has secured a one-year contract extension for the provision of core drilling and maintenance services on two offshore platforms in Angola. The $60 million deal will see KCA Deutag maintain its provision of crane operations, maintenance services, equipment management, and rental services for the Angolan client for an additional year. The deal increases the firm’s operations on the Angolan assets to over 10 years. Ole Maier,

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Diamonds International

Alrosa Finds Russia’s Largest Diamond in a Decade

12, September, 202312, September, 2023

Alrosa has recovered a 390.7-carat diamond from its Mayat mine in Yakutia, the largest gem-quality rough discovered in Russia in 10 years. The stone is irregularly shaped, bears a light color, and is bordered by a yellow-brown halo, the company said Sunday. The miner found the diamond during the night-washing of rough from the Ebelyakh portion of the deposit, along with a colorless diamond with a traditional octahedron shape weighing 37.7 carats. In 2013, Alrosa

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Gold International Mining

Thor Explorations Discovers Gold in Senegal

11, September, 202311, September, 2023

Canadian mining firm, Thor Explorations, has discovered gold at the Makosa project in Senegal. The firm announced the discovery of 23.35 grams of gold per ton from drillhole DTRC807, marking a significant milestone in the company’s ongoing exploration operations. Thor Explorations CEO Segun Lawson said “The main purpose of the drilling has been to advance the project towards development by upgrading more of the resource to indicated classification and also to commence detailed metallurgical test work that is

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Diamonds International

De Beers ‘confident’ talks will avert strike at SA’s Venetia mine

11, September, 202311, September, 2023

Last week, NUM said it was planning a strike at Venetia, as De Beers could only offer a 6% pay increase against demands for a 9% hike. Anglo American’s De Beers is confident ongoing talks with South Africa’s National Union of Mineworkers (NUM) will avert a wage strike at Venetia, the country’s largest diamond mine, the company said on Friday. On Tuesday, NUM, South Africa’s biggest mineworkers’ union, said it was planning a strike at

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