Angolan Mining Oil & Gas - Page 326 of 390 - Top Angolan News for Oil, Gas and Mining Industries

Economy Gas International

Iraq’s Basrah Natural Gas Project Successfully Begins Operations

8, June, 20238, June, 2023

China Petroleum Engineering & Construction Corp (CPECC) announced that the first train of the Iraq Basrah natural gas liquids plant (BNGL) has been successfully put into operation. The project, awarded to CPECC in 2019 by Basrah Gas Co, aims to enhance capacity by 40% through the addition of a greenfield gas processing plant with a daily capacity of 400 million standard cubic feet (cf/d), equipped with two trains capable of handling 200 million cf/d each.

Read More Here

Energy International News Oil Petroleum

World: Brent Crude Oil Prices Raise Concerns at $78.73 USD per Barrel

8, June, 20238, June, 2023

The recent increase in international oil prices, primarily driven by Saudi Arabia’s intention to reduce daily production by nearly one million barrels, has raised concerns about the future of crude oil prices. As of Tuesday, June 7, 2023, the price of a barrel of Brent crude oil stands at $78.73 USD on the Inter Continental Exchange (ICE), compared to $71 USD at the end of the previous week. The West Texas Intermediate (WTI), the American

Read More Here

Energy Oil Petroleum

The Production Cut Announcement Fails to Boost Oil Prices

8, June, 20238, June, 2023

The production cut announcement did not boost oil prices. Saudi Arabia announced an additional cut of 1 million barrels per day, but the announcement was overshadowed by demand concerns. The Organization of the Petroleum Exporting Countries and Allies (OPEC+) reached an agreement to extend production cuts until 2024 and give the United Arab Emirates a larger quota next year, according to a statement from the group. However, Saudi Arabia, the largest exporter of the commodity,

Read More Here

Economy Energy Oil

Department of Energy(DoE) Raises Projection for Brent Crude Oil Barrel to $79.54 in 2023

8, June, 20238, June, 2023

The Department of Energy (DoE) has raised its projection for the Brent crude oil barrel price in 2023 to $79.54. The U.S. Department of Energy’s Energy Information Administration (EIA) increased the average price forecast for the Brent crude oil barrel in 2023 from $78.65 to $79.54. For 2024, the department raised the projection from $74.47 in the previous forecast to $83.51 per barrel. On Tuesday, June 6, the projections were published in the Short-Term Energy

Read More Here

Energy Gas Oil

Mauritanian Advisor Discusses Pipeline Construction and Local Content Promotion

8, June, 20238, June, 2023

In an exclusive interview with Energy Capital & Power, Khroumbaly Lehbib, the advisor in charge of upstream hydrocarbons at the Ministry of Petroleum, Mines, and Energy of Mauritania, discussed various aspects of Mauritania’s energy strategy. One of the key topics addressed was the development of a transportation system in the country, considering the upcoming gas production from the Greater Tortue Ahmeyim (GTA) field. Lehbib confirmed that the Mauritanian government is considering the construction of a

Read More Here

Gas Oil Petroleum

China National Chemical Engineering(CNCEC)and Sonangol Establish Collaboration for Lobito Refinery

8, June, 20238, June, 2023

The Angolan state oil company, Sonangol, has signed a Memorandum of Understanding (MoU) with China National Chemical Engineering (CNCEC) in Beijing for the construction of the Lobito Refinery. The MoU stipulates that the parties will raise the necessary financing for the project and may lead to a contract for the construction of this important infrastructure by the Chinese company. The MoU was signed on June 6th in Beijing, China’s capital, by Gaspar Martins, the president

Read More Here

Economy Energy

Sonangol establishes vehicles to generate transparency.

7, June, 20237, June, 2023

Sonangol considers having its own economic publications that allow for a more transparent communication process with the market and the group’s employees, according to the Director of Communication, Brand and Social Responsibility of the company. The Angolan oil company has been standing out in oil production in several blocks where it is the concessionaire and made these statements in an interview published in the magazine “Pacaça,” a publication of Sonangol named after an oil field

Read More Here

Economy Gas Oil

Oil rises as OPEC+ announces production cut

7, June, 20237, June, 2023

Crude oil prices rose on 05/07/23 following the agreement among the 13 members of the Organization of the Petroleum Exporting Countries (OPEC) and their 10 allies (OPEC+) to limit supply until 2024 instead of 2023. The announcement of Saudi Arabia’s unilateral and voluntary production cut also contributed to the increase. Oil appreciates after OPEC+ production cut announcement © Photo by: DR Brent crude prices from the North Sea (a benchmark for Angola’s exports and European

Read More Here

Economy Gas Oil

Angolan Govt Maintains discount on ISP for diesel and gasoline

7, June, 20237, June, 2023

The Portuguese government has decided to maintain the unchanged discount on the tax on petroleum products (ISP) this month. The Ministry of Finance announced yesterday June 6th that the discount remains at 13.1 cents per liter for diesel and 15.3 cents per liter for gasoline. The Ministry of Finance will also continue updating the additional charge on carbon dioxide (CO2) emissions, known as the carbon tax, which began in May. It is now being updated

Read More Here

Energy Gas Oil

AECIPA advocates the capitalization of national oil companies

7, June, 20237, June, 2023

The President of the Association of Companies Providing Services to the Angolan Oil Industry (AECIPA) argued in favor of commercial banks providing financing to oil sector operating companies as a way to help them gain consistency and strength in order to better serve the national economy. In statements to Angop, Bráulio de Brito made this consideration when discussing the Legal Regime on Local Content, in which he deemed the non-existent financial capacity of national companies

Read More Here

« Prev 1 … 324 325 326 327 328 … 390 Next »

More Angolan Mining News