Angolan Mining Oil & Gas - Page 317 of 389 - Top Angolan News for Oil, Gas and Mining Industries

Kuwait’s Oil Minister Announces $300 Billion Investment in Energy Sector

10, July, 202312, July, 2023

Kuwait’s oil minister, Saad Al Barrak, has announced that Kuwait plans to invest more than $300 billion in the energy sector by 2040. Al Barrak made this statement during the 8th OPEC International Seminar held in Vienna. The country aims to increase its oil production capacity to 3.2 million barrels per day by the end of 2024. According to Al Barrak, Kuwait plays a positive role in supporting OPEC and works towards fostering consensus and

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Economy International Mining News

Africa’s 5 Largest Copper and Cobalt Mines by Potential Production

10, July, 202310, July, 2023

Used for the production of lithium-ore batteries, copper and cobalt are becoming increasingly sought after as nations move to transition to a renewable energy future. A 2023 Battery Metals anticipates global copper production to increase by an average rate of 3.2% a year between 2022 and 2031, with output rising from 2.1 million tons to 28.2 million tons per year (t/y) during the same period. In this scenario, the report states that Africa – rich in

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Economy International News Oil

South Sudan Oil & Power 2024 Summit Launches in Vienna: Country Opens Doors to Investors

10, July, 202311, July, 2023

The South Sudan Oil & Power (SSOP) 2024 show was officially launched by South Sudan’s Ministry of Petroleum and organizer Energy Capital & Power. As a member of OPEC+, South Sudan is positioning itself as a player in the international petroleum sector and is becoming an attractive destination for onshore oil and gas investment. SSOP 2024 is scheduled to take place in Juba from June 25-28, 2024. During the OPEC 8th International Seminar in Vienna,

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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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