De Beers Board Member Matome Tsholetsa Malema Passes Away
Sodiam Raises $25.8 Million in 16th Rough Diamond Auction
Shell Reaffirms Commitment to Reviving Angola’s Oil Production
Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port
Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection
Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium
Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions
Global Oil Prices Surge Amid Rising Tensions in the Middle East
Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa
Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves
The Democratic Republic of the Congo (DRC) is currently in the process of finalizing an agreement with Angola and Chevron, a major oil and gas company, regarding offshore Block 14. This particular block has been a subject of dispute in the past. The agreement aims to make both countries joint holders of the block. The Minister of Hydrocarbons for the DRC, Didier Budimbu Ntubuanga, stated that another meeting is scheduled to take place soon, and
The independent hydrocarbon producer, Perenco, has announced the commencement of production at the Boatou field located off the coast of the Republic of the Congo. This achievement comes after the commissioning of four wells between March and May of this year, finally enabling the company to initiate production at the field, which was discovered 39 years ago. With the capacity to produce up to 4,500 barrels per day, the start of production follows a final
The Republic of Congo is embarking on a new economic era with the launch of its first liquefied natural gas (LNG) project in partnership with Italian energy company Eni. This $5 billion project will utilize natural gas from Eni’s Marine XII project located off the coast of Congo and is expected to produce 3 million tonnes per annum (mmtpa) by 2025. The operation will consist of two floating LNG (FLNG) plants that will process gas
Moustapha Bechir, the Director General of Hydrocarbons at the Ministry of Petroleum, Energy and Mines in Mauritania, recently participated in the Mauritanian ministerial panel at MSGBC Oil, Gas, & Power 2023. During the event, he shared insights into Mauritania’s energy hub in Nouakchott, plans for local content development, and infrastructure revamp strategies. Mauritania possesses several strategic assets that contribute to its energy sector. These include its favorable geographical location in proximity to Europe, a vast
Angolan President, H.E. João Lourenço, signed a series of new bilateral cooperation agreements with Portugal’s Prime Minister, António Costa, during a two-day state visit by the Premier to Angola’s capital city of Luanda. H.E. President Lourenço received Prime Minister Costa on 5 June at the Presidential Palace in Luanda. During the two-day visit, talks between delegations of the two countries resulted in the signing of 13 agreements, including a Strategic Cooperation Program 2023-2027 and the
The South Sudan Oil & Power (SSOP) 2023 conference and exhibition, which will take place from 14-16 June in South Sudan’s capital city of Juba, is set to feature a series of keynote presentations and ministerial addresses by a distinguished lineup of international and national ministers from Africa’s energy sector. The opening ceremony, hosted by the Government of South Sudan, will include International Ministerial Addresses. Among the international ministers participating in the event are Hon.
Witness the transformative force of Africa’s burgeoning energy sector at African Energy Week 2023 (AEW), a highly anticipated event hosted by the African Energy Chamber (AEC). From October 16-20, 2023, this prestigious gathering will redefine Africa’s energy landscape, attracting influential experts, industry leaders, government officials, and stakeholders from Africa and around the world. Under the theme, ‘The African Energy Renaissance: Prioritizing Energy Poverty, People, the Planet, Industrialization, and Free Markets,’ AEW aims to chart a
Savannah Energy’s Nigerian subsidiary, Accugas Limited, has signed a gas sales agreement with exploration and production firm Amalgamated Oil Company Nigeria Limited (AMOCON) to supply natural gas to the local market. AMOCON will supply Accugas Limited with up to 20 million standard cubic feet of natural gas per day (MMscfpd), produced in the OML 156 sole risk petroleum lease area onshore Nigeria, over a period of ten years. AMOCON will leverage its new 140m pipeline
U.S. oil and gas production has continued to rise in response to high prices that were prevalent until the third quarter of 2022, according to an article by John Kemp of Reuters. In March, oil output increased by 171,000 barrels per day compared to February, with gains led by the Lower 48 states and the Gulf of Mexico, offsetting lower production from Alaska. Overall, oil output rose by nearly 10% in the first three months
In case you missed the announcements, here is a list of the top five contracts secured for oil and gas projects in the Middle East. Please note that this list is not a ranking. Aramco has awarded a $1 billion engineering, procurement, construction, and installation (EPCI) contract for its Safaniya offshore increment project to China Offshore Oil Engineering Co (COOEC), as reported by DMS Projects. The project includes the construction of 13 offshore jackets in
