Calucuve Dam Nears Completion to Strengthen Water Security in Southern Angola
Lunda Norte Inaugurates Chitotolo Diamond Plant to Boost Production and Jobs
Endiama and Rio Tinto Launch Chiri Mining Venture for Diamond Exploration in Angola’s Lunda Sul
Nigeria Approves $10.3 Billion Eni Deepwater Oil Investment in Zabazaba and Etan Fields
Botswana Signs 30-Year Deal for 500MW Solar and Battery Project in Maun
Germany and South Africa Sign €200M Loan Deal to Boost Energy Transition and Green Industry
South Africa Commissions 148MW Bolobedu Solar Plant in Limpopo
Sun King to Invest $150 Million in Ethiopia’s Off-Grid Solar Expansion
De Beers Diamond Output Rises 17% in Q1 on Strong Botswana and Canada Performance
DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets
Benchmark US crude oil for October delivery fell 28 cents to $91.20 a barrel Tuesday. Brent crude for November delivery fell 9 cents to $94.34 a barrel. Wholesale gasoline for October delivery fell 4 cents to $2.66 a gallon. October heating oil rose 8 cents to $3.37 a gallon. October natural gas rose 12 cents to $2.85 per 1,000 cubic feet. Gold for December delivery rose 30 cents to $1,953.70 an ounce. Silver for December
Egypt’s biggest gas field produced 2.4 billion cubic feet of gas per day (BCFPD) in 2022/2023, down from 2.7 BCFPD a year earlier, according to official data released on Monday. The figures were reported by Petroshrouk Company Chairman Khaled Mowafy during a video conference in which his company and Balayim Petroleum Company (PETROBEL) reviewed their annual operational results. The well number 20 will be put into production by the end of October 2023, in line
Kuwait, an OPEC producer, has given the green light to the construction of its inaugural major oil industrial hub, and numerous companies are vying for the project. The Kuwait National Petroleum Company (KNPC), a state-owned entity responsible for managing the country’s downstream sector, is overseeing this endeavor in the Southern Al-Ahmadi Governorate, according to reports. Initially, KNPC had set September 19 as the deadline for bids. However, it was decided last week to extend the
Canada’s Roxgold opened its gold mine in the northwestern region of Côte d’Ivoire on Friday, aiming to produce about 130,000 oz/y of gold, the company said on Friday. “We have more than 10 years of mining production ahead of us at Seguela, and our ambition is to continue exploring and developing. The Seguela gold mine is about 500 km north of the commercial capital, Abidjan. Côte d’Ivoire, the world’s top cocoa producer, is seeking to
Gemstone producer Gemfields earned revenues of $25.5 million from its latest auction of commercial-quality rough emeralds recovered from the Kagem mine, in Zambia. All 43 lots put on offer were sold, resulting in an average price of $7.51/ct. “We are very pleased indeed to see yet another set of auction results that demonstrate that the emerald market remains in excellent shape and wish our auction partners much success during this important tradeshow season,” comments Gemfields
Angola’s premier event for the oil and gas sector, the Angola Oil & Gas (AOG) Conference and Exhibition, took place in Luanda from September 13-14. Hosted in partnership with Angola’s Ministry of Mineral Resources, Oil and Gas, the African Energy Chamber, Sonangol, and the IRDP, the event was a resounding success, achieving several milestones. VIP Speakers Spearhead Discussions AOG 2023 featured keynote addresses and presentations from a distinguished lineup of government officials, global energy major
Angola has begun an ambitious infrastructure plan supported by regulatory reforms, investor incentives, and innovative public-private partnerships. These efforts aim to accelerate economic growth, improve transportation, raise energy security, attract international investment, and improve the livelihoods of the Angolan people. Below are the most anticipated infrastructure projects: The new Cabinda refinery in Angola is scheduled to begin production by the end of 2024. The project, which aims to reduce Angola’s dependency on imported refined products,
The oil industry exceeded expectations in August. Angolan oil production in August stood at 34.995 million barrels, with an average of 1.128 million barrels per day (bpd), which is 2.6 percent more than the 1.099 million bpd forecasted for that period, according to data available on the website of the National Agency of Petroleum, Gas, and Biofuels (ANPG). The numbers from the national hydrocarbon concessionaire also indicate that August production was 1.8 percent lower than
Senegal, which plans to start oil and gas production in 2024, is interested in acquiring Angolan expertise in the field of hydrocarbons, stated the Director of Exploration and Production of the National Oil Company of Senegal, PetroSen, in Luanda. Joseph Oufon Medou told the Jornal de Angola on the sidelines of the 4th Annual Oil and Gas Exhibition Conference (Angola Oil and Gas 2023), held in the capital of Angola last Wednesday and Thursday, that
Brent crude oil prices, which serve as a reference for Angolan oil sales, approached $95 per barrel on Monday, as investors kept a close eye on the prospect of a growing supply deficit in the fourth quarter. This comes after Saudi Arabia and Russia extended their supply cuts. Brent futures rose by 62 cents to $94.55 per barrel at 1:22 PM in Angola, while West Texas Intermediate (WTI) crude oil futures from the United States
