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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,

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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

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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

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Economy Local News Oil

Angola Registers Stability in Oil Production

27, July, 202327, July, 2023

The President of the Executive Committee of Sonangol’s Trading and Shipping Business Unit, Luís Manuel, stated on Tuesday in Luanda that the country’s oil production has remained stable and without significant declines in recent times, thanks to various ongoing actions. According to the manager, as reported to Lusa, oil production has remained stagnant for quite some time. “A series of actions have been taken to stabilize the declining progress. If you have been following, there

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Economy Energy Gas International News

TotalEnergies raises capital in a subsidiary company

27, July, 202327, July, 2023

French company TotalEnergies, which holds a diversified portfolio of oil assets and is a partner of Sonangol in the Caraculo Photovoltaic Plant, inaugurated last March in Namibe, announced on 25th July Tuesday a global operation to buy out the capital of its renewable energy subsidiary, Total Eren, increasing its stake from approximately 30 to 100 percent. On the backdrop of this acquisition, all personnel from Total Eren will be fully integrated into TotalEnergies’ Renewable Business

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Oil

Oil Prices at Three-Month Highs

27, July, 202327, July, 2023

Oil prices remained stable on Tuesday 25th July, hovering around three-month highs, influenced by market developments such as signs of tighter supply and promises from Chinese authorities to strengthen the world’s second-largest economy, alongside lackluster Western economic data. Brent futures remained unchanged at $82.74 per barrel midway through the session, while U.S. crude oil, West Texas Intermediate (WTI), rose 1 cent, or 0.01 percentage point, to $78.75. Crude prices have already recorded four consecutive weekly

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Energy Gas

The the National Oil, Gas, and Biofuels Agency (ANPG Adopts) Satellite Radar to Detect Oil Spills

27, July, 202327, July, 2023

The the National Oil, Gas, and Biofuels Agency (ANPG Adopts) Satellite Radar to Detect Oil Spills Angola’s national concessionaire, the National Oil, Gas, and Biofuels Agency (ANPG), has signed an agreement with the National Space Program Management Office (GGPEN) to utilize the organization’s TECH-ECOLOGIA – a national technological solution that employs satellite radar imagery for monitoring oil spills. The satellite radar imagery enables the ANPG to promptly detect and monitor any occurrences of oil spills

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Gas News Oil

Angola Oil & Gas 2023 Officially Launches in Luanda

27, July, 202327, July, 2023

The Angola Oil & Gas (AOG) conference and exhibition was officially launched in Luanda by event organizer Energy Capital & Power (ECP) alongside the Ministry of Mineral Resources, Oil and Gas and partners including the National Oil, Gas and Biofuels Agency (ANPG); the Oil Derivatives Regulatory Institute (IRDP); and national oil company Sonangol. The event was attended by key stakeholders from across the public and private sectors as well as media, and served to kickstart

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Diamonds International News

Rio Tinto’s Diamond Production Down 16% in Q2

25, July, 202325, July, 2023

Rio Tinto said last week that production at the Diavik Diamond Mine fell 16 percent year-over-year in the second quarter but increased 2 percent when compared with Q1. Diavik, which Rio Tinto took sole ownership of in late 2021, produced 970,000 carats of diamonds in the second quarter, down from 1.1 million in the prior-year period but up from 954,000 in the first quarter. Rio Tinto said completion of an underground pipe as well as construction

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Diamonds International Mining News

De Beers’ Venetia Mine Achieves First Underground Production

25, July, 202325, July, 2023

The US$2.3 billion investment to take South Africa’s leading diamond mine underground bolsters De Beers’ global production and will benefit the South African economy and host communities until at least 2045 De Beers Group has celebrated a key milestone with the delivery of first production from underground operations at its Venetia Mine in Limpopo, South Africa. The overall construction of the underground mine is now 70 per cent complete, with construction and production ramp-up continuing

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