Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium
Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions
Global Oil Prices Surge Amid Rising Tensions in the Middle East
Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa
Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves
Lucara Reports Lower 2025 Earnings as Karowe Underground Expansion Advances
Cascade Natural Resources Boosts Investment in Pensana to Accelerate Longonjo Rare Earths Project
Seplat Accelerates Production Growth with Idle Well Revival Program
Eni Raises Stake in Algeria’s Touat Gas Field to 42.9% After Engie Exit
Nigeria Restructures OPL 245, Clearing Path for Shell and Eni Development
The price of gold was close to its lowest point in over five weeks yesterday, as confirmed by precious metals market traders. The metal is being hindered by the strengthening of the dollar and the yields of U.S. Treasury bonds, at a time when the minutes of the July meeting of the Federal Reserve (Fed) are expected to be released. These minutes could provide clarity on the intention to raise interest rates. Spot gold experienced
On Wednesday, the Cabinda Gulf Oil Company (Cabgoc), a subsidiary of the American petroleum company Chevron, announced the commencement of the construction of a platform for oil exploration at the N’dola Sul well in the Cuanza Sul province. In a press release, the oil company stated that, “to celebrate this important project milestone,” a symbolic “first steel cut” ceremony was held at the ALGOA shipyard, located in the municipality of Porto Amboim. “The development of
Mauritania launches major infrastructure projects for the economic transformation of the country under the leadership of President Mohamed Ould Ghazouani. The Government of Mauritania is investing heavily in the development of the Port of N’Diago with the aim of transforming the facility, 32 km away from the associated fishing village of Ndiago, into a maritime hub for the oil and gas sector. Strategically located just 40 km and 100 km from the Greater Tortue Ahmeyim
SONILS Energy Capital & Power (ECP) is proud to announce that Emilio Costa, General Manager of Sonangol Integrated Logistics Services (SONILS), will deliver a keynote speech during this year’s Angola Oil & Gas (AOG) conference, taking place in Luanda from September 13-14. Costa brings a wealth of experience to the conference, having previously served as the General Manager of Puma Energy and Trafigura in Angola. His participation at the event is set to advance the
Energy Capital & Power (ECP) is proud to announce that Maggy Shino, the Petroleum Commissioner at Namibia’s Ministry of Mines and Energy, will return to the Angola Oil & Gas (AOG) conference and exhibition as a speaker. Taking place from September 13-14 in Luanda, AOG provides a platform where Namibia and Angola can strengthen bilateral cooperation in the field of energy. Namibia has seen a wave of energy developments take off in the last two
Angolan oil production reached 35.631 million barrels in July, an increase of 2.023 million barrels compared to the previous month, as announced by the National Agency of Petroleum, Gas, and Biofuels (ANPG) in its monthly production summary released yesterday. In the month of July, from an expected production of 1,132,364 barrels of oil per day (bpd), Angola produced 1,149,393 bpd, surpassing expectations according to the hydrocarbon concession agency. The figures presented by ANPG indicate that
The Reserve Bank of Zimbabwe has stockpiled 300,000 carats of diamonds under new regulations which compel miners to pay half of their royalties using commodities, the state-run Sunday Mail reported. Central bank governor John Mangudya also told the Harare-based newspaper that gold reserves stood at around 350 kilograms, or around $20 million in US dollars. The value of the diamond stockpile is hard to quantify, he added. Zimbabwe introduced regulations last year that require miners to pay
The Egyptian firm, TWMA, has secured a $15 million contract to provide support for BP’s offshore project. The project involves the deployment of TWMA’s RotoMill drill cuttings processing technology for BP’s WND & END exploration and development initiative in the Mediterranean Sea. This five-year project is set to begin in October of this year. The RotoMill technology was chosen for its positive environmental impact. Through thermal desorption, it separates drill cuttings and associated materials into
India and the UAE have started settling bilateral trade in their local currencies, with India’s top refiner making a payment in rupees for the purchase of a million barrels of oil from the Middle Eastern nation, the Indian government said on Monday. Indian Oil Corp made the payment to ADNOC for the purchase, according to a statement issued by the Indian embassy in the UAE. The transaction follows another involving the sale of 25 kg
With the award of several large projects and a busy bidding pipeline, the EPC giant Petrofac is on a concerted recruitment drive. Oil & Gas Middle East spoke to Des Thurlby, Petrofac’s Group Director of Human Resources, about the type of roles involved, the qualities Petrofac is looking for in candidates, and the reasons why people should consider applying. Oil & Gas Middle East: Can you tell us about the current recruitment drive at Petrofac
