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Regional Center for Renewable Energy in Central Africa to be inaugurated in Luanda

9, March, 20239, March, 2023

The headquarters of the Regional Center for Renewable Energy and Energy Efficiency in Central Africa (CEREEAC) will be inaugurated, Friday, in Luanda, in an act to be chaired by the Minister of Energy and Water, João Baptista Borges, JA Online learned. “This center is a ECCAS specialized institution, whose mission is to ensure the coordination of the implementation of the ECCAS policy on renewable energies and energy efficiency and to promote the creation of an

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Economy Energy Local News

João Baptista Borges receives the Executive Director of the World Bank in audience

9, March, 20239, March, 2023

The Minister of Energy and Water, João Baptista Borges received, this Thursday, in audience, the executive director of the World Bank group for Angola (WB), Nigeria and South Africa, Ayanda Dlodlo. JA Online learned from a note that, at the meeting, several subjects were addressed, with emphasis on the programs in execution, namely the Project for Improvement and Access to the Electricity Sector (ESIAP), the Project for Institutional Development of the Water Sector ( PDISA)

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Economy Gas Local News Oil

New Pumangol Station provides 45 jobs

9, March, 20239, March, 2023

The new Pumangol post, on Avenida Pedro de Castro Van-Dúnem “Loy”, in the municipality of Talatona, in Luanda, represents an investment of US$3.7 million, which resulted in 45 direct jobs. The information was advanced, on Tuesday night, during the opening act, by the chairman of the Board of Directors of Pumangol. Ivanilson Machado said that the last Pumangol post had opened in 2020. Since then, according to its PCA, there has been a slight stagnation,

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Economy Energy Local News

European Bank Reaffirms commitment to Projects in Angola

8, March, 20238, March, 2023

This Tuesday 7th Mar, the European Investment Bank (EIB) reaffirmed its commitment to finance projects in Angola in the Energy and Water, Health and Agro-industry sectors. The matter was analyzed today 8th Mar, in Doha, Qatar, at a meeting between the Minister of Economy and Planning, Mário João, and the vice-president of the EIB, Thomas Ostros, on the sidelines of the 5th United Nations Conference on Least Forwards, LDC5 (acronym in English), which takes place

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Economy International News Oil

DRC EARNS NEARLY $70M IN A YEAR AFTER REVIEWING DEBT OWED BY OIL TANKERS

8, March, 20238, March, 2023

THE ADOPTION OF A MORE RIGOROUS APPROACH IN THE CALCULATION AND FOLLOW-UP OF THE DEBT OWED TO OIL TANKERS HAS MADE IT POSSIBLE TO REDUCE THE COST BY +/- 70 MILLION USD FOR THE BENEFIT OF THE PUBLIC TREASURY OF THE DEMOCRATIC REPUBLIC OF CONGO IN ONE YEAR. These details were provided by the Acting Minister of the National Economy, Nicolas Kazadi, during the weekly meeting of the Council of Ministers held on Friday March

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Gas Local News Oil

“Lifua” Field Signals a new era in Oil production

8, March, 20238, March, 2023

The National Agency of Petroleum, Gas and Biofuels (ANPG) and Cabinda Gulf Oil Company Limited (CABGOC), a subsidiary of Chevron, announced the start of oil production at the Lifua-A project, forecast to produce 6,500 barrels/day. The Lifua-A platform, in Block 0, is interconnected to the existing facilities in the Takula area and is expected to produce a total of 6,500 barrels of oil per day from the Vermelha and Likouala reservoirs. According to the ANPG,

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Gas News Oil

OPEC Announces scholarship program for Engineers

8, March, 20238, March, 2023

The Ministry of Mineral Resources, Oil and Gas announced the Summer Scholarships (SFP) programme, promoted by the Organization of Petroleum Producing Countries (OPEC), to take place at the headquarters of the institution’s secretariat, in Vienna, Austria, from July to September 2023. According to a press release from the institution, the SFP aims to increase interaction between research teams from the OPEO Secretariat and specialists from Member States. Participation in the Program is open to professionals

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International News Oil

Nigerians File Damages Claim Against Shell in UK Court

8, March, 20238, March, 2023

At least 14,000 Nigerian residents from the oil-producing Niger Delta region have filed a compensation claim against Shell, saying that oil spills resulting from the oil giant’s operations have destroyed farms, contaminated drinking water, and harmed aquatic life. The case follows a ruling by the UK’s Supreme Court in 2021 that denied the Nigerians’ application to sue Shell in the UK – but ruled that there was a “good arguable case” that the company’s parent could owe the communities a duty of

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Economy International News Oil

Namibia’s Oil exploration shows Promise with third Oil Discovery

7, March, 20237, March, 2023

Light oil has been discovered 270 kilometres (km) off the coast of Namibia, according to the National Petroleum Company of Namibia (NAMCOR) and its partners in the Jonker-1X deep-water exploration project, Shell and Qatar Energy. The well was drilled in Orange Basin Block 2913A in 2914B (PEL 0039). The drilling process started in December 2022 and was successfully finished in early March 2023. Namibia, an OPEC member Angola’s southern neighbor, might become another oil producer

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Economy Gas Local News Oil

Fuel Subsidy costs between 3 to 4 billion Dollars/year

7, March, 20237, March, 2023

The Minister of Finance, Vera Daves de Sousa, said this Tuesday morning on the “Café da Manhã” program on LAC radio, that the fuel subsidy costs the Government between US$3 and US$4 billion. According to the minister, these numbers should be analyzed with the importance they deserve, as the social sector would need these values a lot. Vera Daves de Sousa recalled, for example, that the Integrated Plan for Intervention in Municipalities (PIIM) is funded

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