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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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Diamonds Economy News

De Beers Discovers Free-Moving Diamond Inside Diamond

11, April, 202311, April, 2023

India-based VD Global discovered the 0.329-carat, D-color, type IaAB diamond, named the Beating Heart, in October, and returned it to De Beers for testing, the miner said last week. The stone originated from one of De Beers’ mines in Botswana, Canada, Namibia or South Africa. The miner sent the stone to the De Beers Institute of Diamonds, which performed a preliminary analysis, as well as optical and scanning electron microscopy (SEM), infrared spectroscopy and fluorescence,

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Economy Local News

Angola, Portugal Sign 2 Bilateral Cooperation Agreements

11, April, 202311, April, 2023

The Republic of Angola and Portugal signed two cooperation agreements focused on budgetary and fiscal matters that will allow the Angolan government to manage its treasury, national and international financing and contract public debt more effectively, and in accordance with the international standards practiced in the European Union. The agreements, signed on Wednesday 5th April by the Minister of Finance of Portugal, Fernando Medina, and his Angolan counterpart, Vera Daves, will see Portugal increase the flow

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Energy Local News

Angola’s Luena Solar Park Due for Completion by 2024

11, April, 202311, April, 2023

Construction of the 26,906 MW Luena Solar Energy Park in Angola’s Moxico Province is due for completion by 2024, with the country’s Government having indicated that contractual deadlines will be met. The project, which is 60% completed, is being developed by solar project developer Sun Africa and engineering and technology consulting company, MCA Group, and will cover an area of 0.5km2 in the Samalesso District, Luena City. “The Luena Solar Energy Park will “contribute to improving electricity

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Economy Local News

Angolan Oil and Gas Minister Received in Namibia

11, April, 202311, April, 2023

H.E. Diamantino Azevedo, Angola’s Minister of Mineral Resources, Oil and Gas, met with his Namibian counterpart, H.E. Tom Alweendo, last Thursday 6th April as part of an official state visit to Windhoek last week. At the invitation of H.E. Minister Alweendo, the African energy Ministers discussed existing and future areas of cooperation within their respective extractive industries. The meeting follows the signing of a Memorandum of Understanding between Angola and Namibia last November, at the Angola Oil &

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Economy Local News Oil

Angolan Refinery President Reveals Govt Refusal of Cheap Oil Supply to Domestic Industry

11, April, 202311, April, 2023

The Government does not supply crude oil at prices lower than those of the international market to the refineries being implemented in the Angolan petrochemical industry, nor does it not stop exporting “a single barrel of oil” for these units, declared the president of the Executive Committee of the Angolan refinery. Luanda. “It is a false problem to think that the Government of Angola is obliged to supply raw materials for refineries at a low

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Economy Local News Petroleum

Pumangol creates 400 direct jobs

11, April, 202311, April, 2023

Pumangol has so far created a total of 400 direct jobs and around 2,000 indirect jobs, as part of a strategy that has already implemented 80 fuel filling stations across the country. The data was shared by the chairman of the Board of Directors of the company, Ivanilson Machado, in the interview he gave to Jornal de Economia & Financeira, from Edições Novembro EP As he said, Pumangol is now owned by Sonangol as part

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