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Gas International News Oil

Equatorial Guinea’s Minister of Mines and Hydrocarbons to Deliver Keynote Speech at AOG 2023

10, July, 202311, July, 2023

Equatorial Guinea’s Minister of Mines and Hydrocarbons, H.E. Antonio Oburu Ondo, will be delivering a keynote speech at the Angola Oil & Gas (AOG) conference in Luanda from September 13-14, 2023. H.E. Minister Ondo, who is also the current President of the Organization of Petroleum Exporting Countries (OPEC), brings a wealth of experience to the conference, having previously served as the Managing Director of Equatorial Guinea’s National Oil Company (NOC) GEPetrol. His participation at the

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Local News Oil

Brent barrel at $78.31 dollars

10, July, 202311, July, 2023

The price of a Brent barrel for delivery in September closed at $78.31 dollars yesterday in London, after closing at $76.52 dollars the previous day. Oil also closed higher, with WTI advancing over 2.0 percent in the return of electronic trading during the U.S. holiday on Tuesday, the 4th. Investors followed news about the seminar of the Organization of the Petroleum Exporting Countries and allies (OPEC+), in which the cartel reaffirmed its commitment to support

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International News Renewable Energy

EAIF Invests €11.5M in Senegalese Solar Project

7, July, 20237, July, 2023

The Emerging Africa Infrastructure Fund (EAIF) – a development finance organization established under the Private Infrastructure Development Group – has invested €11.5 million via a senior secured loan for the construction of an integrated solar and battery storage project in Senegal. Dubbed the Walo facility, the 16 MW solar facility will comprise a battery energy storage system with a capacity of between 10 to 20 MW. The project will be constructed and thereafter operated by

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Diamonds International News

DE BEERS SETS UP WORLD-CLASS JEWELRY FACILITY IN BOTSWANA

7, July, 20237, July, 2023

As part of the recently agreed deal between Botswana Government and De Beers Group, the diamond mining giant will continue to support Botswana’s diamond beneficiation efforts. The company will partner with one of its sightholders to set up a state of the art jewellery manufacturing facility in Botswana. De Beers Executive Vice President – Diamond Trading Paul Rowley said on Tuesday July 4th that the facility will initially create 200-250 jobs and it will deal

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Gas International Oil Petroleum

Ghana Oil and Gas Outlook 2023-2027

7, July, 20237, July, 2023

Driven by a surge in market conditions, Ghana is expected to commence 17 oil and gas projects during the outlook period 2023-2027. The West African country’s upstream sector will see the development of three offshore fields, while its midstream landscape currently has nine projects in development, with the downstream sector involving the development of two refineries and three petrochemical processing facilities. A Surge in Upstream Investments As one of Africa’s fastest-growing hydrocarbons producers, offshore field

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International Petroleum

TotalEnergies Commences Drilling in Namibia’s Block 2913B

6, July, 20236, July, 2023

International drilling contractor Northern Ocean has announced that its Deepsea Mira high-specification semi-submersible drilling rig has successfully arrived in Namibia’s Block 2913B and has kickstarted drilling operations for French energy major TotalEnergies under a contract inked in December 2022. As per the terms of the contract, the rig will be utilized over a period of 300 days with engineering services firm Odfjell Drilling – which was also responsible for the preparation and transit of the rig

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International Renewable Energy

4 Drivers Behind Namibia’s Solar Market Surge

6, July, 20236, July, 2023

Namibia’s solar market is booming with the country attracting fresh investments and new players. With a focus on both grid-connected and off-grid projects, the country aims to connect 80% of its population to renewables by 2025. This surge is fuelled by strong regulatory support, abundant resources, a drive for diversification and the growing demand for decentralized power systems. Untapped Resources Blessed with 300 days of sunshine per year and offering a climate well-suited for solar

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Gas Local News Oil Petroleum

Angola presents strategy for the oil industry

6, July, 20236, July, 2023

The Minister of Mineral Resources, Oil and Gas presents today July 6th, in Vienna, Austria, the Executive’s strategic plan for the development of the oil industry and the energy transition in the country. Diamantino Azevedo presents this plan during a Ministerial session on the paths to energy transition, as part of the program of the 8th OPEC International Seminar, which takes place under the motto “A smooth and inclusive energy transition”, which brings together delegations from

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Diamonds International News

De Beers, Botswana Poised to Partner on High-Value Diamonds

6, July, 20236, July, 2023

De Beers plans to partner with the Botswana government on exceptional diamonds under the parties’ new sales deal, enabling the country to derive more benefit from its priciest stones. The contract calls for opportunities to share an interest in the final polished revenue, said Paul Rowley, De Beers’ executive vice president for diamond trading, in an interview. These would be investments, meaning that Botswana would also take on risk, Rowley pointed out. “We all know that

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Diamonds International News

Gem Diamonds Recovers 164ct. Yellow Diamond

6, July, 20236, July, 2023

Gem Diamonds has unearthed a 163.91-carat rough from its Letšeng mine in Lesotho, its second 100-carat-plus stone this year. The miner discovered the “impressive” yellow diamond on June 22, it said Monday. The company found a 122-carat, “exceptional quality,” D-color, type IIa rough at Letšeng in March. Letšeng had previously been known for producing a large supply of rough diamonds over 100 carats. However, the number of stones in that category has been dwindling. Last year, the company

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