Angolan Mining Oil & Gas - Page 303 of 389 - Top Angolan News for Oil, Gas and Mining Industries

Gold Mining News

AngloGold Reaffirms Improved Q2 Guidance

4, August, 20234, August, 2023

Gold mining company AngloGold Ashanti on Friday reaffirmed annual guidance as it reported an improved second-quarter performance compared with the first three months of the year, underpinned by a 12% increase in production. Gold production rose to 652 000 oz in the second quarter of 2023 compared with 584 000 oz in the previous three-month period. The stronger second quarter was supported by production and cost improvements across most assets primarily driven by both higher

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Economy Gas Local News Oil

Cabship CEO to Lead Oil & Gas Logistics Dialogue at AOG

4, August, 20234, August, 2023

Energy, Capital & Power (ECP) an Africa-focused energy investment platform and organizers of the Angola Oil & Gas (AOG) conference and exhibition is pleased to announce that João Filipe, Founder and CEO of Angolan logistics and supply chain management company, Cabship, will participate in this year’s edition of Angola’s premier event for the oil and gas sector. Taking place under the theme ‘Angola Oil & Gas Energy Security, Decarbonization, and Sustainable Development,’ AOG 2023 will

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International News Oil

Oil Prices Set for Sixth Weekly Gain on Pledged Output Cuts

4, August, 20234, August, 2023

Oil prices rose for a second day on Friday, set for their sixth week of gains, after Saudi Arabia and Russia, the world’s second and third-largest crude producers, pledged to cut output through next month. Brent crude futures for October rose 2 cents to $85.16 a barrel by 0609 GMT, while U.S. West Texas Intermediate crude for September rose 9 cents, or 0.1%, to $81.64. Both benchmarks were on track for a sixth week of

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International News Oil

Three Oil Majors To Resume Operations In Libya

4, August, 20234, August, 2023

Three major international oil companies have announced the resumption of their operations in Libya after a 10-year absence, the Libyan National Oil Company said on Thursday. The NOC said in a press release it “received official notifications from the Italian company Eni and the British company British Petroleum regarding the lifting of force majeure and the resumption of exploration and contractual obligations in the blocks awarded to them in the Ghadames Basin (A-B) and offshore

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Economy International News Oil

How Much Money Do Oil CEOs Earn?

4, August, 20234, August, 2023

Over the past year, the global energy market has seen significant fluctuations, with factors such as the Russia-Ukraine war and increased gas prices impacting the industry. As a result, Big Oil CEOs have seen a boost in their earnings. Here is a breakdown of how much money some of the major oil company CEOs made in a year: Overall, the compensation figures indicate that Big Oil CEOs have received substantial pay increases, despite some of

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Economy International News Oil

Oil prices soar after Saudi Arabia extends oil production cut

4, August, 20234, August, 2023

Oil prices jumped on Thursday after Saudi Arabia said it would extend its unilateral voluntary cut of 1 million barrels per day (bpd) into September, adding that the cut could be extended or extended and deepened. Minutes after the Saudi announcement via the official Saudi Press Agency, oil prices which were flat until then, rose by 1%. The Saudi extension was largely expected by the market and traders. The announcement comes a day ahead of

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Economy Gold International News

Gold Price Contemplates Direction as US Dollar and Treasury Yields Eye Higher Levels

4, August, 20234, August, 2023

The gold price has been relatively inactive compared to other markets this week, with the US Dollar and Treasury yields gaining momentum amidst risk aversion in the financial markets. Volatility has increased slightly, leading to speculation about potential movements in the XAU/USD (Gold vs. US Dollar) pair. The upcoming release of non-farm payrolls data is anticipated to have an impact on market developments. Earlier in the week, Fitch’s downgrade of US sovereign debt credit rating

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Gas Local News Oil

The Greater Tortue Ahmeyim (GTA) Gas Project has been delayed to 2024.

3, August, 20233, August, 2023

The Greater Tortue Ahmeyim (GTA) natural gas project, located between Senegal and Mauritania, has been delayed until the first quarter of 2024, according to British global oil and gas major bp. The announcement of Phase 2 of the project was made in February this year, with an expected production of up to 3 million metric tons per annum (mmtpa). Kosmos Energy and bp signed a co-development agreement for the two reserves in 2016, with bp

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Economy Local Mining News

Mining: Assumption of a Strategic Position in the Economy

3, August, 20233, August, 2023

The country needed to improve its geological knowledge in order to maintain mining as an important segment of the economy. As he stated, in this sense, policies were outlined by the Executive, implemented by Mirempet, and executed by IGEO under the National Geology Plan (PLANAGEO). “The level of basic geological knowledge becomes a differential when investors choose a country to invest resources in the search for new mineral deposits. Our future challenge will be to

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Economy International News

Oil Remains Steady as US Ratings Downgrade Countered by Supply Concerns

3, August, 20233, August, 2023

Oil prices remained relatively unchanged on Thursday following a two-day decline, including a sharp drop on Wednesday, as a U.S. government credit downgrade weighed on market sentiment. However, concerns about supply tightness provided some support to the market. Ratings agency Fitch downgraded the main U.S. credit rating, reflecting anticipated fiscal deterioration and a high and growing government debt burden for the world’s biggest oil consumer. Despite the overall bearish sentiment, prices received support from concerns

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