Vital Industry News
Sonangol Aims for 10% National Oil Production Quota by 2027 with Target of 80,000 Barrels per Day PetroWorld to Launch Lubricants Factory in Angola Equinor Praises Angola’s Efforts to Revitalize Oil Production Angola’s President Defends Hydrocarbon Development Amid Global Climate Crisis Angola to Auction 44 Special Diamonds in Online Bidding Event Eni Secures Strong Interest for New LNG Project in Mozambique Amid Financing Challenges Financial Struggles Hamper Fuel Imports in Mozambique Triton Minerals to Acquire Promising Gold and Copper Project in Mozambique DRC Cancels Licensing Round for 27 Oil Blocks Amid Controversy and Irregularities Dangote to Begin Crude Oil Production in Nigeria by 2025
Local News Oil

Sonangol Aims for 10% National Oil Production Quota by 2027 with Target of 80,000 Barrels per Day

Local News Petroleum

PetroWorld to Launch Lubricants Factory in Angola

Local News Oil

Equinor Praises Angola’s Efforts to Revitalize Oil Production

More Angolan Mining News

Local News Oil

Sonangol Aims for 10% National Oil Production Quota by 2027 with Target of 80,000 Barrels per Day

Angola’s national oil company, Sonangol, is on track to achieve a national production quota of…
Local News Petroleum

PetroWorld to Launch Lubricants Factory in Angola

PetroWorld, a Dubai-based oil company, is set to open a lubricants factory in Angola early…
Local News Oil

Equinor Praises Angola’s Efforts to Revitalize Oil Production

Nina Birgitte Koch, Vice President for Africa at Equinor, has commended Angola's initiatives to revitalize…
Local News

Angola’s President Defends Hydrocarbon Development Amid Global Climate Crisis

Angolan President João Lourenço acknowledged the severity of the global climate crisis while emphasizing the…
Diamonds Local News

Angola to Auction 44 Special Diamonds in Online Bidding Event

Angola’s state-owned diamond marketing company, Sodiam, announced the electronic auction of 44 special diamonds, each…
International Corporate News Gas Oil

Eni Secures Strong Interest for New LNG Project in Mozambique Amid Financing Challenges

Eni SpA has garnered substantial interest for its upcoming floating liquefied natural gas (LNG) project…
International News Oil Petroleum

Dangote Refinery to Transform Africa’s Oil Market with Major Shift in Nigerian Crude

The Dangote oil refinery is preparing to process around 400,000 barrels of Nigerian crude per day in the coming months, significantly altering Africa’s oil import and export dynamics. According to a cargo allocation list seen by Bloomberg, the refinery, with a capacity of 650,000 barrels per day (bpd), will receive approximately 24 million barrels of Nigerian oil in October and November. This marks a shift towards increased reliance on local crude supplies. Business Insider Africa

Loading

Read More Here

Oil International News

Libya Restores Oil Output Amid Political Reconciliation

Libya’s oil production has surged back above 1 million barrels per day (bpd) for the first time in two months, following the resolution of a political standoff, according to Bloomberg. The country’s eastern government had previously halted all oil production and exports due to a dispute over the control of the central bank, which oversees billions of dollars in energy revenues. Last Thursday, Libya resumed oil production, reintroducing hundreds of thousands of barrels per day

Loading

Read More Here

Local Expos & Events News Oil Petroleum

Angola’s Oil Sector Remains a Magnet for Global Investment

As one of Africa’s top oil producers, with an output exceeding 1.1 million barrels per day, Angola continues to solidify its position as a prime investment destination. The country attracts major global players like TotalEnergies, ExxonMobil, Chevron, and Azule Energy, driving new exploration ventures. At the Angola Oil & Gas 2024 conference, Angola’s Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, shared insights during a fireside chat, sponsored by Angola Environmental Servicos. Minister Azevedo

Loading

Read More Here

Local Expos & Events News Oil

ExxonMobil Invests Over $100 Million in Angola’s Social Projects

Over the past 30 years, American multinational ExxonMobil has invested more than $100 million in social projects across Angola, according to Katrina Fisher, the company’s Country Manager for Angola. In an exclusive interview with Energy Capital & Power during the fifth edition of the Angola Oil & Gas Conference, Fisher highlighted that these investments have primarily supported healthcare initiatives and STEM (Science, Technology, Engineering, and Mathematics) education. “Just this past year, we launched two major

Loading

Read More Here

News Renewable Energy

Renewable Energy Jobs Surge to 16.2 Million in 2023, Led by China

In 2023, global employment in the renewable energy sector reached 16.2 million jobs, up from 13.7 million in 2022. This data comes from the report “Renewable Energy and Jobs: Annual Review 2024,” co-published on October 1, 2024, by the International Renewable Energy Agency (IRENA) and the International Labor Organization (ILO). The report notes that 2023 marked the strongest annual increase in job creation within the renewable energy sector. China led the way, accounting for 7.4

Loading

Read More Here

International News Oil

Chevron Sells Athabasca Oil Sands and Duvernay Shale Assets to Canadian Natural Resources for $6.5 Billion

Chevron has announced the sale of its assets in the Athabasca Oil Sands and Duvernay Shale to Canadian Natural Resources for $6.5 billion. The all-cash deal, part of Chevron’s plan to divest $10-15 billion in assets by 2028, is expected to close in the fourth quarter of 2024. The assets, located in Alberta, Canada, contributed 84,000 barrels of oil equivalent per day (boepd) to Chevron’s production in 2023. The Duvernay Shale, one of Canada’s most

Loading

Read More Here

Diamonds Local News

Angola Faces Challenges with Diamond Clients Due to Russian Ties

Angola’s state-owned diamond producer, Endiama, acknowledged that some clients are hesitant to engage due to its partnership with Russia’s Alrosa PJSC. However, the company emphasized that its diamond production is not subject to Western sanctions. Alrosa, the Russian diamond giant, holds a 41% stake in Angola’s Catoca mine and a controlling interest in the Luele mine. Endiama Mining SA, which owns the majority shares in both mines, has made recent management changes to strengthen its

Loading

Read More Here

Diamonds International News

Lucara Diamond Sells Clara Digital Sales Platform to Founders for $3 Million

Canada-based Lucara Diamond has sold its 100% interest in the Clara rough diamond sales platform to its original founders, led by the HRA Group of Companies and Lucara’s CEO, Eira Thomas. The Clara platform, a digital marketplace for rough diamonds, is designed to modernize the diamond trading process by connecting buyers and sellers through advanced technology. Clara offers verification technologies that integrate provenance and traceability services, providing greater transparency and trust in transactions of individual

Loading

Read More Here

Local Infrastructure News

Zambia Secures $50 Million from BADEA for Kalabo-Sikongo-Angola Border Road Project

Zambia has signed a cooperation agreement with the Arab Bank for Economic Development in Africa (BADEA), securing a $50 million investment for the construction of the Kalabo-Sikongo-Angola Border Road in Western Province. The agreement was formalized in Riyadh, Saudi Arabia, by Zambia’s Minister of Finance and National Planning, Dr. Situmbeko Musokotwane, and BADEA President, Dr. Sidi Ould Tah. Alongside the road project, a $500,000 capacity-building initiative was also agreed upon to support the training of

Loading

Read More Here

Oil Gas International News

African Energy Bank Nears Completion with 45% of $5 Billion Initial Capital Raised

African hydrocarbon-producing nations have successfully raised 45% of the $5 billion required to establish the African Energy Bank (AEB). This pan-African institution is designed to address the financing gap for oil and gas projects, a challenge heightened by the withdrawal of several international donors from fossil fuel investments. According to credible sources, the funds for the project have been secured by African nations, with Angola, Ghana, and Nigeria emerging as the largest contributors. “The funds

Loading

Read More Here

1 2 3 4 5 … 245

You have successfully subscribed to the AMG Weekly newsletter

There was an error while trying to send your request. Please try again.

Angolan Mining Oil & Gas will use the information you provide on this form to be in touch with you and to provide updates and marketing.