Angolan Mining Oil & Gas - Page 291 of 400 - Top Angolan News for Oil, Gas and Mining Industries

Exploring the Role of Natural Gas in the Energy Landscape: Highlights from MSGBC Oil, Gas & Power 2023

10, October, 202310, October, 2023

The MSGBC region is poised to become a global gas hub owing to its substantial proven resources, million-ton projects, and strategic location. With a major Liquefied Natural Gas (LNG) project coming online in 2024 and new exploration campaigns kicking off, the MSGBC Oil, Gas & Power 2023 conference and exhibition represent the platform to discuss the future of natural gas. During this year’s event, a dedicated panel discussion will take place under the theme, “The

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Economy News Oil

Government Evaluates Options for Fuel Subsidy Adjustment

10, October, 202310, October, 2023

The government may slow down the removal of fuel subsidies to avoid a repeat of the dissatisfaction witnessed in June, when gasoline prices nearly doubled, said the Finance Minister on Monday in Marrakech, Morocco, where she arrived on Saturday to participate in the annual joint meetings of the International Monetary Fund (IMF) and the World Bank. No decision has been made yet in the ongoing discussions about the 2025 deadline for the gradual elimination of

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Diamonds Local Mining

Endiama Chairman Warns of Diamond Mining Threat in Lunda Norte

10, October, 202310, October, 2023

The Chairman of the Board of Directors of Endiama, a state-owned diamond company, expressed grave concerns regarding diamond mining activities in concession areas within the Lunda Norte province. These concerns primarily stem from alleged complicity among certain authorities. Jose Gange Júnior voiced his apprehensions during the biannual review session on diamond production, currently underway for three days in Dundo, the capital of Lunda Norte. According to the official, the situation is particularly troubling in the

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Diamonds Economy Local Mining News

Angola Raises Concerns Over Campaign Targeting ‘Authentic Diamond Industry

10, October, 202310, October, 2023

The Minister of Mineral Resources, Petroleum, and Gas (MIREMPET) made an appeal yesterday for a concerted effort to combat the promotion campaign of the commercial value of synthetic diamonds over natural ones in the international market, conducted by institutions interested in influencing market prices. Edições Novembro Diamantino Azevedo spoke to the media on the sidelines of the meeting of the Ad-Hoc Committee for the Review and Reform of the Kimberley Process Certification System, which concludes

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Economy Local News Oil

OPEC Anticipates Sustained Global Oil Demand

10, October, 202310, October, 2023

OPEC has raised its annual outlook for global oil demand in the medium and long term, projecting that $14 trillion in investments will be needed to meet this demand, even with the growth of renewable fuels and the increasing number of electric cars. The perspective of the Organization of the Petroleum Exporting Countries (OPEC), as outlined in its “World Oil Outlook for 2023” released yesterday, contrasts with that of other analysts, including the International Energy

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Gold International Mining News

Gold Fields Announces Mike Fraser as New CEO

9, October, 20239, October, 2023

SE- and NYSE-listed Gold Fields has appointed Mike Fraser as CEO and executive director of the company, effective from January 1, 2024. Fraser is currently the CEO of Aim-listed Chaarat Gold Holdings. Prior to that, he was the President and COO of South32’s key metal businesses. He will be taking over from Martin Preece, who assumed the position of interim CEO on January 1 of this year, following the resignation of the former CEO, Chris

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International News Oil

Russia Resumes Oil Exports to Brazil, Two Years Later.

9, October, 20239, October, 2023

After a two-year hiatus, Russia resumed oil exports to Brazil last month, marking a significant moment in the trade relations between the two countries. The return of Russian oil to Brazil is seen as a positive sign for the trade relations between the two nations. According to data from the Brazilian Customs, imports of Russian oil totaled 84,400 tons, valued at 40 million dollars. This is the largest delivery since June 2010 when Russia supplied

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Economy Local News Oil

Saudis and Other Arab Countries Reaffirm Commitment to Oil Production Adjustments

9, October, 20239, October, 2023

The United Arab Emirates reaffirmed its commitment to “voluntary collective and individual adjustments” in oil production, as reported by the Saudi state news agency on Saturday 7th of October, 2023. It emphasized that the Oil Ministers of the six countries gathered on the sidelines of the MENA UN Climate Week event in Riyadh. Furthermore, the ministers reiterated the willingness of the Declaration of Cooperation (DoC) countries to take “additional measures at any time in their

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Energy

Persian Gulf Calls for Crude Oil Not to Be Excluded from the Transition

9, October, 20239, October, 2023

The Gulf Cooperation Council, which includes the major oil-rich economic powers of the Middle East, called yesterday to “avoid excluding” crude oil from the energy transition and to maintain investments in the sector in order to uphold a “balanced” policy. “We emphasize the importance of the international community avoiding the exclusion of the primary energy sources and not neglecting investments in these sectors,” said the Gulf Cooperation Council (GCC) in a statement during the Middle

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Gold International Mining News

Gold Fields Announces Strategic Investment in the Great Southern Project

9, October, 20239, October, 2023

Gold miner Gold Fields will spend up to A$15 million to earn a 75% interest in the Edinburgh Park gold project, in north Queensland, owned by ASX-listed Great Southern Mining. Under the earn-in agreement, Gold Fields will sole-fund up to A$15 million in exploration expenditure over a six-year period, to earn the majority stake in the project, which incorporates nine granted exploration licences and two exploration licence applications covering 1,750 km2. The licences surround the

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