Vital Industry News
Angola Accelerates Gas-to-Power Initiatives to Strengthen Energy Security and Domestic Capacity Angola’s Oil Prices Hold Steady Amid Global Market Fluctuations and Economic Concerns U.S. Reaffirms Commitment to Lobito Corridor Investments Angola Prepares for the 2025 U.S.-Africa Summit MetalsGrove Expands into Ivory Coast with Acquisition of Gold Permits ONGC Videsh Commits ₹1,500 Crore to Revive Mozambique LNG Project Cassava Technologies and Microsoft Launch Renewable Energy Training in South Africa Botswana Seeks Relief as Power Crisis Deepens Cobre Launches Deep Drilling at Kitlanya West in Botswana Lucara Takes Direct Control of Karowe Underground Expansion
Angola Accelerates Gas-to-Power Initiatives to Strengthen Energy Security and Domestic Capacity Angola’s Oil Prices Hold Steady Amid Global Market Fluctuations and Economic Concerns U.S. Reaffirms Commitment to Lobito Corridor Investments Angola Prepares for the 2025 U.S.-Africa Summit MetalsGrove Expands into Ivory Coast with Acquisition of Gold Permits ONGC Videsh Commits ₹1,500 Crore to Revive Mozambique LNG Project Cassava Technologies and Microsoft Launch Renewable Energy Training in South Africa Botswana Seeks Relief as Power Crisis Deepens Cobre Launches Deep Drilling at Kitlanya West in Botswana Lucara Takes Direct Control of Karowe Underground Expansion
Local Gas News

Angola Accelerates Gas-to-Power Initiatives to Strengthen Energy Security and Domestic Capacity

Local Economy News Oil

Angola’s Oil Prices Hold Steady Amid Global Market Fluctuations and Economic Concerns

Transport and Logistics Local News

U.S. Reaffirms Commitment to Lobito Corridor Investments

More Angolan Mining News

Local Gas News

Angola Accelerates Gas-to-Power Initiatives to Strengthen Energy Security and Domestic Capacity

Angola is intensifying its efforts to integrate natural gas into its energy mix, targeting a…
Local Economy News Oil

Angola’s Oil Prices Hold Steady Amid Global Market Fluctuations and Economic Concerns

Luanda – On Monday, Brent crude oil opened trading at USD 72.87 per barrel on…
Transport and Logistics Local News

U.S. Reaffirms Commitment to Lobito Corridor Investments

The United States has reaffirmed its commitment to continuing investments along the Lobito Corridor, confirmed…
Local Expos & Events

Angola Prepares for the 2025 U.S.-Africa Summit

Angolan authorities are meeting today to discuss preparations for the United States-Africa Summit 2025. The…
Gold International News

MetalsGrove Expands into Ivory Coast with Acquisition of Gold Permits

Australian mining company MetalsGrove has signed a Binding Term Sheet to acquire three gold exploration…
International Gas News

ONGC Videsh Commits ₹1,500 Crore to Revive Mozambique LNG Project

ONGC Videsh Ltd. (OVL), the international arm of India's national oil company, has approved a…
Local Gas News

Angola to Produce First Non-Associated Gas by 2025

Angola plans to produce its first non-associated gas by 2025, announced Diamantino Azevedo, Minister of Mineral Resources, Petroleum, and Gas, during a ceremony in Luanda on November 23, 2024. The event marked the signing of a Risk Service Agreement between the National Petroleum, Gas and Biofuels Agency (ANPG) and the New Gas Consortium (NCG). Minister Azevedo explained that large-scale projects like this require clear objectives and goals. He expressed gratitude to the gas consortium and

Loading

Read More Here

International Oil Petroleum

Oil Prices Drop 4.45% Amid Supply Glut and Slowing Demand

The price of a barrel of oil has dropped by 4.45%, settling at $72.25. This decline is largely attributed to an oversupply in the market coupled with weakening demand, especially from China. China, which is a major driver of global oil demand, is facing an economic slowdown. As a result, OPEC has revised its 2024 growth forecast downward, predicting a drop of 135,000 barrels per day in demand. Despite China’s stimulus efforts, oil consumption remains

Loading

Read More Here

Corporate News Diamonds International

Lucara Lowers 2024 Revenue Forecast Amid Diamond Market Challenges

Lucara Diamond Corp. has announced that its 2024 revenue projections have been revised downward due to reduced sales of high-value diamonds, which typically account for up to 70% of its annual revenue, and ongoing softness in the global diamond market. In its third-quarter update, the company adjusted its full-year revenue guidance to $160 million–$180 million, down from the previous range of $220 million–$250 million. While other operational guidance remains unchanged, Lucara lowered its 2023 capital

Loading

Read More Here

Corporate News Local Oil

Chevron Faces Decline in Oil Production at Malongo Field but Strengthens Local Engagement

Chevron is currently producing 230,000 barrels of oil per day at the Malongo Oil Field in Cabinda province, significantly down from the 600,000 barrels produced in previous years. This was disclosed by the multinational’s operations director, Gabriel Ivaba, during a visit by Cabinda Governor Suzana de Abreu to assess the company’s operations and production status. Ivaba explained that the production decline is a natural phenomenon common in oil and gas industries. “Our industry is cyclical,

Loading

Read More Here

International Corporate News Oil

Sirte Oil Boosts Output with Advanced Horizontal Wells in Libya

Sirte Oil, a subsidiary of Libya’s National Oil Corporation (NOC), has successfully drilled two horizontal wells in the Zelten and Wadi fields, leveraging advanced real-time reservoir mapping technology. These developments are expected to enhance production capacity by 2,300 barrels per day (BPD), pushing Sirte Oil’s total output beyond the 100,000 BPD milestone. The first well, C355H-6, located in the Zelten field, was completed as part of the initial phase of Sirte Oil’s 2024 exceptional production

Loading

Read More Here

Oil Corporate News Gas International

Bourbon Logistics Secures Integrated Logistics Contract for Namibia Offshore Exploration

Bourbon Logistics, a marine services company, has been awarded a comprehensive logistics contract to support an offshore exploration campaign in Namibia. The six-month contract, granted by a major but undisclosed oil and gas company, involves drilling its first well off southern Namibia’s coast. Bourbon Logistics’ responsibilities encompass the entire supply chain, including freight forwarding, logistics base services, and marine operations. The company will manage international shipments, customs clearance for equipment, and base management services to

Loading

Read More Here

Transport and Logistics Local News

Angola’s Lobito Atlantic Railway Expands with Arrival of 275 New Container Wagons

The first batch of 275 new container wagons, purchased from South Africa’s Galison Manufacturing, has arrived in Lobito, Angola, to enhance the transport capacity of the Lobito Atlantic Railway (LAR). This strategic investment is part of LAR’s broader expansion and modernization plan, aimed at boosting railway infrastructure over the next three years. Arriving earlier last week, the new wagons are equipped with a modern pneumatic braking system and a lightweight steel structure, ensuring safer and

Loading

Read More Here

Corporate News Diamonds International

De Beers and Botswana Join Forces to Boost Natural Diamond Market

Al Cook, CEO of De Beers Group, has announced a robust marketing initiative aimed at reviving the demand for natural diamonds. This campaign will be launched in collaboration with Botswana, De Beers’ long-standing partner. Following his inaugural meeting with Botswana’s President Duma Gideon Boko in Gaborone, Cook expressed optimism about the renewed energy in their partnership and a shared commitment to bolstering the diamond industry. “With the diamond market facing challenges, it’s essential for us

Loading

Read More Here

International Corporate News Oil

Africa Oil Corp. Completes $99 Million Farm-Down Deal for Offshore Namibia Blocks

Africa Oil Corp. has finalized a farm-down agreement for its interests in offshore Blocks 2912 and 2913B, located off the coast of Namibia. Through its investee company, Impact Oil & Gas, Africa Oil Corp. will sell a 9.39% participating interest in Block 2912 and a 10.5% participating interest in Block 2913B to TotalEnergies for $99 million. Despite the sale, Impact Oil & Gas will retain a 9.5% interest in each block and secure a carry

Loading

Read More Here

International Renewable Energy

Tinda Energy Secures Funding for 65 MW Renewable Energy Project in Congo

Congolese firm Tinda Energy has finalized a financial agreement with the Chinese engineering company Complant to advance the Ignie 2021-2046 project, a 65 MW renewable energy initiative in the Republic of Congo (RoC). The project, located in the Ignie Special Economic Zone (SEZ), will produce 55 MW from a hybrid solar power plant and an additional 10 MW from a biomass facility. Spread over a 100-hectare area designated for renewable energy within the SEZ, the

Loading

Read More Here

1 … 40 41 42 43 44 … 295
en English pt Portuguese

You have successfully subscribed to the AMG Weekly newsletter

There was an error while trying to send your request. Please try again.

Angolan Mining Oil & Gas will use the information you provide on this form to be in touch with you and to provide updates and marketing.