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Diamonds International News

De Beers Group and GIA boost consumer confidence in natural diamonds

11, May, 202311, May, 2023

GIA, (Gemological Institute of America) will join Tracr, the world’s only distributed diamond blockchain platform that starts at the source of natural diamonds. GIA’s participation in Tracr will see the world’s leading diamond grading laboratory include an immutable record of the provenance of polished natural diamonds in its diamond grading reports for the first time as the industry continues to progress towards a unified approach for provenance assurance. Consumers purchasing a diamond traced from the

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Economy Gas Local News Oil

More than 2,000 barrels of oil could ease Sonangol’s bills

9, May, 20239, May, 2023

The Board of Sonangol expects to improve the company’s financial situation due to the entry into production, after several years of inactivity, of the oil field “Caco-Gazela Punja 3/05”, located in the Lower Congo Basin, with a production capacity of 2,000 barrels per day. The project is carried out by Sonangol, as operator, with a 25 percent stake, in a consortium in which China Sonangol Internacional also owns 25 percent, Maurel & Prom, 20 percent, Eni 12

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Economy Gas Local News Oil

Oil sector expects to stabilize national production levels

9, May, 20239, May, 2023

Angola intends to stabilize production at around 1.3 million barrels per day (bpd) over the next three years, according to research by the African energy consultant. According to the consultant, the country has a crude oil production on the rise – increasing by more than 580,000 barrels per month, from December 2022 to January 2023. The source ensures that the southern African producer has several notable Exploration and Research (E&P) projects that are in progress

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Local News

National Oil and Gas Agency promotes health project

9, May, 20239, May, 2023

The National Oil, Gas and Biofuels Agency (ANPG) is funding a health project with US$300,000, which will cover the whole country as part of its social responsibility activity. According to the Executive Director, Gerson Santos, investment in projects of a social nature should be seen as the socially responsible contribution of the oil sector to improving the living conditions of the population, through the synergies created between the Executive bodies, the companies and civil society

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Economy Gas International News Oil

Invictus Energy strikes oil, gas and helium at Cabora Bassa project in Zimbabwe

9, May, 20239, May, 2023

Australian oil and gas exploration company Invictus Energy has announced the discovery of light oil, gas condensate and helium at its Cabora Bassa project, located in the northern province of Zimbabwe. The discovery follows the analysis of mud gas collected from the drilling of the Mukuyu-1 well in late 2022, which identified 13 hydrocarbon bearing zones. “Results from the mud gas compositional analysis definitely proves the presence of hydrocarbons in multiple reservoir pay zones

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Diamonds Local News

Sodiam auctions 36 special stones

9, May, 20239, May, 2023

On the 19th of this month, in Luanda, the Angolan National Diamond Trading Company (SODIAM EP) holds an electronic auction for the sale of 36 “special” diamond stones, open to registered national and foreign buyers. The viewing sessions will take place from today the 8th to the 18th, at the headquarters of Sodiam EP, in the country’s capital, and the bidding process, which will only be done electronically, closes the 10 am on the aforementioned

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Economy Energy Gas Local News Oil

Sonangol to increase production in mature and emerging basins

9, May, 20239, May, 2023

Sonangol signed, in the last 12 months, contracts with national and foreign companies to increase exploration and production, both in mature and emerging basins. According to a note from Energy Capital & Power that Jornal de Angola had access to, the aforementioned contracts were signed to make the country a regional energy centre, although it is already one of the largest oil producers in Africa. Companies such as Azule Energy (the largest independent oil and

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Diamonds International News

South Africans ask UK to return diamond in Charles’ crown jewels

5, May, 20235, May, 2023

The world’s largest diamond, discovered in South Africa in 1905, was given to the British monarchy two years later and has been in its possession since. Some South Africans are calling for the United Kingdom to return the world’s largest diamond, known as the Star of Africa, which is set in the royal sceptre that King Charles III will hold at his coronation on Saturday. The diamond, which weighs 530 carats, was discovered in South

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Economy Gas International Oil

Impact Oil & Gas Completes $95M Open Offer for Namibia Exploration Activities

4, May, 20234, May, 2023

Impact Oil & Gas, a privately-owned exploration company, has announced the completion of a $95-million Open Offer, raising capital exclusively from its existing shareholders. The capital will be used to further appraise TotalEnergies’ Venus-1 discovery located in Block 2913B in the Orange Basin, as well as fund additional exploration activity in neighboring Block 2912. “We are pleased to see the $95-million open offer’s successful completion, having been fully taken up by our existing shareholders, who

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Economy Gas Local News Oil

Angola Forecasts 3.6% GDP Growth Over Next 5 Years

4, May, 20234, May, 2023

Angola’s Minister of Economy and Planning, H.E. Mário Caetano João, has indicated that the southern African country is forecasting economic growth of 3% in 2023, with an increase to an average of over 3.6% between 2023 and 2027. Announced on 26 April, the Minister highlighted that economic growth in Angola will be driven primarily by the country’s oil sector. Oil sector growth during the forecast period is expected to average 1%, while non-oil growth is poised to

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