Angolan Mining Oil & Gas - Page 308 of 389 - Top Angolan News for Oil, Gas and Mining Industries

Economy International News Oil

Crude Oil Rally in Focus as Retail Traders Turn Net-Short for First Time Since April

28, July, 202328, July, 2023

Crude oil prices have rallied over 17 percent since bottoming. Retail traders are now majority short for the first time since April. This hints at an increasingly bullish contrarian conviction. Crude oil prices have rallied over 17 percent since bottoming in the middle of June. So far this month, WTI is up over 13%. If gains are sustained, this would mark the best 20-day period for oil since January 2022. In response, retail traders have

Read More Here

Economy News Oil Petroleum

Angola Slashes Fuel Imports by 21%

28, July, 202328, July, 2023

Angola employed approximately $549 million in the importation of 704.7 million metric tons of fuel for commercialization during the 2nd quarter of 2023, which is 21% less than the same period in 2022, as declared yesterday in Luanda by the Director-General of the Petroleum Derivatives Regulatory Institute (IRDP). Luís Alves Fernandes, speaking during the presentation of the sector’s balance from April to June, stated that the imported volume represents about 68% of the total fuel

Read More Here

Economy News Oil Technology & Innovation

Sonangol Equips the Research Center for Technological Advancements

28, July, 202328, July, 2023

The construction works of Sonangol’s Research and Scientific Development Center in Sumbe are 92 percent complete and are expected to be finished in September, with the installation of laboratory systems set to begin. Sonangol Executive Administrator Joaquim Fernandes was quoted yesterday on the Ngol program, broadcast by the company on Channel A of Radio Nacional de Angola, stating during a visit to the facilities that this progress will enable the integration of technicians assigned to

Read More Here

Economy Energy International News

Algeria’s Top Gas Fields: Ranking by Production Volume

28, July, 202328, July, 2023

In 2022, Algeria represented the largest producer of natural gas in Africa, with output measured at a record 3.6 trillion cubic feet (tcf). The gas is exported both by pipeline and as liquefied natural gas, and its production has been largely driven by several major producing fields. Recent hydrocarbon discoveries in the country are set to increase output even further. Hassi R’Mel: 3.02 billion cf/d The Hassi R’Mel field, located in Laghouat, is both the

Read More Here

International Mining News Renewable Energy Technology & Innovation

Emerging Potential: Africa’s Nickel Market Gains Momentum with 5 Compelling Factors

28, July, 202328, July, 2023

The global shift towards clean energy technologies has sparked an increase in demand for vital minerals, particularly nickel, which enhances the performance, longevity, and energy density of Electric Vehicles (EV) and energy storage solutions. In summary, Africa’s abundant nickel reserves, growing global demand, attractive government policies, untapped market potential, and the presence of strong partners make it an attractive destination for mining companies seeking stable and long-term supplies of this critical mineral.

Read More Here

Gas International News Oil

Enhancing Offshore Oil & Gas Industry’s Environmental Protection

28, July, 202328, July, 2023

Environmental issues are increasingly dominating discussions about the energy sector’s future. Climate change, illicit fishing, and pollution pose risks to the MSGBC coastline, which is rich in biodiversity. The PRCM works with governments, civil society actors, and the private sector, including oil companies, to influence decisions, organize training sessions, and promote environmental concerns in the oil and gas industry. Energy Capital & Power spoke with PRCM Executive Director Ahmed Senhoury about the advancements in environmental

Read More Here

Economy Gas International News Oil

Chariot Green Hydrogen CEO to Speak at MSGBC Oil, Gas & Power 2023

28, July, 202328, July, 2023

Energy Capital & Power (ECP) is proud to announce that Laurent Coche, CEO of Chariot Green Hydrogen, will participate in the third edition of MSGBC Oil, Gas & Power 2023, taking place from November 21-22 in Nouakchott. He will speak about the company’s latest updates in the field of green hydrogen in Mauritania. Chariot Green Hydrogen is currently leading a large-scale green hydrogen project in Mauritania called Project Nour. The project is a collaboration with

Read More Here

International News

Standard Chartered Mobilizes $1.4B for Angola’s PV System

28, July, 202328, July, 2023

British multinational bank Standard Chartered has allocated $1.4 billion for the construction of a large-scale photovoltaic power distribution network in Angola. The network will comprise 48 hybrid photovoltaic generation systems that will serve as mini-grids, providing clean power to over 203,000 households currently without access to the national grid Developed by Angola’s Ministry of Energy and Water, the power system will be implemented across 60 communities in the provinces of Moxico, Lunda Norte, Lunda Sul,

Read More Here

Energy International News

Africa’s Graphite Boom Fuels the Global Battery Revolution

28, July, 202328, July, 2023

Africa, known for its rich mineral resources, is making significant strides in the global graphite supply chain, positioning itself as a major player in the battery sector. With the world’s growing demand for clean energy solutions, the continent’s diverse graphite projects are attracting investors and downstream consumers alike, signaling a potential shift away from China’s dominance in the market. Graphite’s Role in the Energy Transition Graphite, a crucial component for lithium-ion batteries used in electric

Read More Here

Economy Local News Oil

Brent Trades Lower Amidst Day of Decline

28, July, 202328, July, 2023

The Brent crude oil, which serves as a benchmark for Angolan exports, traded lower on Wednesday 26th July, hovering around $82.80 per barrel. Price falls by 0.40 percent This price represents approximately 0.40 percent below the previous day’s quotes when it had reached highs not seen in several months. For example, Angola, one of the major oil exporters in Africa, along with Nigeria, has set a reference price of $75 per barrel for OGE/2023, which

Read More Here

« Prev 1 … 306 307 308 309 310 … 389 Next »

More Angolan Mining News