Angolan Mining Oil & Gas - Page 341 of 390 - Top Angolan News for Oil, Gas and Mining Industries

Economy Local News Oil

Oil sector investments recovery causes 2022 direct investment balance to plummet to US$6.1 billion deficit

17, April, 202317, April, 2023

The balance of direct investment in 2022 was a deficit of US$6.1 billion, against US$3.2 billion in the previous year, justified mainly by the increase in investments recovered by companies in the oil sector. Since 2015, new investments in the oil sector have been lower than recovered investments. The United States of America, France and Italy were the countries that stood out in terms of the origin of foreign direct investment destined for the oil sector.

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Diamonds Economy Local News

Yetwen project to Produce around 10,000 carats of Diamonds a month

17, April, 202317, April, 2023

The Yetwene Project, an alluvial diamond mine with an extension of 508 square kilometers, located in Lukapa, Lunda-Norte, will begin operating in the coming days, with a production of around 10,000 carats per month, announced Friday 14th April the Chairman of the Board of Directors of Endiama, José Ganga Júnior. With an investment in the prospecting phase of around US$25 million, the project generated a total of 500 jobs. With a 20 percent stake in Endiama, the mine

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Diamonds Economy Local News

Endiama evaluates proposal to install mining operations simulators

12, April, 202312, April, 2023

The National Diamond Company of Angola is evaluating a proposal aimed at installing, in the near future, simulators for training mining operators at the ENDIAMA Technical-Professional Training Centre, located in Saurimo, Lunda Sul. The information was provided, Monday 10th April, in Luanda, by the director of Studies and Projects at the company, Ady Van-Dúnem. The person in charge made it known that the aforementioned equipment allows technicians who will operate an excavator or a bulldozer machine to

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Diamonds International News

Botswana threatens break-up with De Beers in push for better deal

12, April, 202312, April, 2023

Botswana may not renew a five-decade sales agreement with De Beers if the diamond producer doesn’t offer a larger share of rough diamonds to the state’s gem trading company, Okavango Diamond Company (ODC). The move comes after the southern Africa nation acquired last month a 24% stake in Belgian diamond processing firm HB Antwerp for an undisclosed sum. Analysts saw this deal as a way for Botswana to loosen the Anglo American-owned miner’s grip on its diamond

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Economy Energy Local News

Sonangol Prioritizes Gender Inclusivity, Diversity in Energy Transition

11, April, 202311, April, 2023

Amidst the global pivot towards an energy transition, African nations are seizing this transformative moment to create new and exciting pathways for women to thrive in the energy sector. Kátia Epalanga, Executive Director of Angola’s National Oil Company (NOC), Sonangol, attended a webinar held by the African Energy Chamber’s African Women Business Energy Network (AWBEN), alongside other influential women in the energy sector to address the critical issue of diversity and inclusivity in the industry

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Economy Gas Local News Oil

Five Benefits of Investing in Angola’s Established O&G Industry

11, April, 202311, April, 2023

Angola started producing oil from the Benfica oilfield in the Cuanza Basin in 1955. Nearly 70 years on, the country has risen to become one of the biggest producers and exporters in Africa, with production hitting an all-time high of two million barrels per day (bpd) in 2010. However, in 2023, production has started to wane as declines in legacy fields continue to reduce national output. In 2023, production averages just above one million bpd, and with

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Economy Energy News

Azule Energy Selects AVEVA as Digital Partner

11, April, 202311, April, 2023

Independent oil and gas producer Azule Energy has selected industrial software company AVEVA as its new digital partner, with the firm tasked with improving efficiency and productivity across Azule’s Angolan assets through the deployment of state-of-the-art technology. According to Peter Harriman, COO of Azule Energy, “We have signed a strategic contract with AVEVA to digitally transform our operations for optimized productivity, efficiency and safety. This partnership will enable Azule Energy to achieve our goal of establishing a world-class

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Economy Gas Local News Oil

Top Five Oil and Gas Projects in Angola

11, April, 202311, April, 2023

With crude oil production on the rise – increasing by more than 580,000 barrels month-on-month from December 2022 to January 2023 – Angola is aiming to stabilize its output around 1.3 million barrels per day (bpd) in the next three years. Accordingly, the southern African producer has several notable E&P projects that are in progress and awaiting Final Investment Decision (FID), which will serve to maximize its existing hydrocarbon resources, optimize existing facilities and subsea infrastructure and enable cost

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Gas Local News Oil

Exploring Angola’s Upstream Potential

11, April, 202311, April, 2023

Angola is home to significant upstream potential, as demonstrated by the sharp contrast between its proven and estimated reserves: 9 billion versus 57 billion barrels of oil and 11 trillion versus 27 trillion cubic feet of natural gas. Its three major basins – Kwanza-Benguela, Namibe and Lower Congo – hold development opportunities across each stage of the exploration life-cycle, from frontier exploration to mature producing areas. As oil and gas explorers seek prospects with lower

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Energy Local News Oil

Top 5 Reasons why Angola Remains Africa’s E&P Hub

11, April, 202311, April, 2023

Angola’s hydrocarbon market has seen rapid expansion since initial discoveries of oil and gas in 1955. As global energy majors flocked to the market and the government aligned relevant state actors with the burgeoning industry, progress across the entire energy value chain kicked off. In 2023, the country’s standing as an E&P hub has been solidified even further owing to a variety of reasons from proven resources to attractive investment policies to location. Proven Hydrocarbon

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