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Gas International News

Algeria to host Gas Research Institute

12, February, 202312, February, 2023

Algeria, a member of the Gas Exporting Countries Forum (GECF), will host the headquarters of the organization’s Gas Research Institute (GRI), following the signing of an agreement between the Government and the GECF. The technology center will enable GECF members to cooperate in research and development regarding breakthrough gas technology discoveries to enhance the industry. Algeria will host several initiatives, including scientific research, technology transfer and sharing of best practices among GECF members and global

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Oil Local News

Oil sector registers a high concentration of companies

12, February, 202312, February, 2023

The Competition Regulatory Authority (ARC) registered, in the four-year period 2019-2022, a total of 10 notified merger operations between companies in the oil sector, which corresponds to 24 percent. The data were advanced by the administrator of ARC, Nelson Lembe, at the methodological seminar on merger operations between companies in the oil sector. “There is a need to achieve a more competitive and fair business environment, capable of attracting good investments, which is why Competition

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Mining Local

Angola has 36 of the 51 most sought after minerals in the world

12, February, 202312, February, 2023

Currently, in Angola, 36 of the 51 minerals considered the most critical in the world are known, some of which are about to go into production. The list will be revised, if necessary, every five years, in consultation with mining industry experts. According to the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, at the opening of the Investment Forum, on the sidelines of Mining Indaba 2023, the country has an enormous mining potential

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Oil Local News

Brent opens at USD 80.73

10, February, 202310, February, 2023

Brent negotiations, a benchmark for Angolan oil exports, opened higher on Monday in the international market, standing at US$80.73 per barrel at the time of writing, registering a daily variation of 79.65 to 81.24 , up to the time of the survey. Despite Brent falling 10 percent last week to $80 a barrel, China’s demand prospects remain strong despite the commodity’s recent decline, experts say. Goldman Sachs bank raised its China demand forecast to 16.0

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Oil International Mining News

Uganda Begins Drilling First Commercial Oil Well

10, February, 202310, February, 2023

Uganda has started drilling operations on its first commercial oil discovery. The East African country has secured the first of the 4 platforms planned to operate the discovery, and has already started drilling its 1st commercial well in hopes of achieving first oil production by 2025. The Kingfisher oil field in Kikuube District is operated by the China National Offshore Oil Corporation, CNOOC, but is co-owned by TotalEnergies and Uganda’s state oil company, UNOC. The

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Economy Mining News

Angolan Mining Sector attracts more Investment

10, February, 202310, February, 2023

The Minister of Mineral Resources, Oil and Gas, Diamantino Pedro Azevedo, announced Wednesday 8th February in Cape Town, South Africa, that many companies have guaranteed investment for the Angolan mining sector, during this year’s edition of the Forum “Indaba Mining ” 2023. Diamantino Azevedo advanced these guarantees at the end of the intergovernmental conference, held on the sidelines of “Mining Indaba 2023”, having also stressed that at the said meeting he presented the achievements of

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Diamonds Local Mining News

CATOCA Diamonds, A Beacon of Triumph in the Gemstone Trade

10, February, 202310, February, 2023

The general director of the Catoca mining Society, Benedito Manuel, said on Tuesday 7th February in Cape Town that the fourth largest mine in the world has managed to maintain positive revenue indicators, despite facing difficulties in the logistics chain offered by the country. Speaking to the press on the sidelines of the International Conference on Mining in Africa, Benedito Manuel reassured potential businessmen who intend to invest in the country, encouraging them to enter

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Energy International News

Earthquakes Cause Severe Damage To Turkey’s Energy Infrastructure

9, February, 20239, February, 2023

Turkey’s energy infrastructure has suffered severe damage from the two earthquakes that shook Turkey and neighbor Syria yesterday, killing more than 3,000 people, according to the country’s government. The first 7.7-magnitude quake damaged a big port on the Mediterranean, Turkey’s Energy and Natural Resources Minister Fatih Donmez said, as quoted by news agencies, and later in the day, a fire broke out at the same port. Operations at the Ceyhan oil terminal were halted as a result of the

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Oil Economy News

More than 250 Companies invited to Invest in Critical Minerals

9, February, 20239, February, 2023

The Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, invited this Tuesday 7th Feb, in Cape Town, South Africa, more than 250 companies linked to the mining sector to invest in critical miners in the country. Diamantino Azevedo, who is participating in the Mining Fair “Indaba Mining 2023”, to attract investment in the mining sector, was satisfied with the number of companies interested in investing in the national market. Tuesday, the day that was reserved

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Diamonds Economy News

ENDIAMA Works to Extend its Value Chain

9, February, 20239, February, 2023

The president of ENDIAMA, José Manuel Ganga Júnior, said on Tuesday 7th feb in Cape Town that the state-owned diamond company is increasingly focusing on diversifying its economic activity. Speaking to the press as part of Angola’s participation in the International Conference on Mining in Africa, Ganga Júnior explained that ENDIAMA plans to increase its value chain, and that includes increasing cutting to 20 percent of diamonds produced in the country. Ganga Júnior noted moreover

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