Vital Industry News
Angola’s Oil Production Expected to Stagnate Amid Global Challenges Angola’s Gas Master Plan Proposal Reviewed by Council of Ministers Shell Approves Final Investment Decision for Nigeria’s Bonga North Deepwater Project Angola’s Oil Production Falls Short of OPEC Targets Amid Structural Challenges Power Outage Leaves 11 Provinces Without Electricity in Angola Alrosa Deputy CEO Vladimir Marchenko Steps Down for New Industry Role Alrosa Forecasts Diamond Market Stabilization Amid Falling Inventories Tunisia Advances Renewable Energy with 500 MW Photovoltaic Projects BP and Kosmos Energy Launch Gas Production from Greater Tortue Ahmeyim Project Galp and Partners Make Significant Discoveries at Mopane-2A Well in PEL83
Local Economy Oil

Angola’s Oil Production Expected to Stagnate Amid Global Challenges

Gas Local News

Angola’s Gas Master Plan Proposal Reviewed by Council of Ministers

Corporate News International News Oil

Shell Approves Final Investment Decision for Nigeria’s Bonga North Deepwater Project

More Angolan Mining News

Local Economy Oil

Angola’s Oil Production Expected to Stagnate Amid Global Challenges

Angola’s oil production is projected to remain steady at 1.173 million barrels per day in…
Gas Local News

Angola’s Gas Master Plan Proposal Reviewed by Council of Ministers

The Draft Gas Master Plan (PDG) was reviewed last Friday during a Council of Ministers…
Corporate News International News Oil

Shell Approves Final Investment Decision for Nigeria’s Bonga North Deepwater Project

Shell, through its Nigerian subsidiary, has finalized its decision to invest in the Bonga North…
Local News Oil

Angola’s Oil Production Falls Short of OPEC Targets Amid Structural Challenges

Angola’s oil production is set to remain below the targets previously set by the Organization…
Local Energy News

Power Outage Leaves 11 Provinces Without Electricity in Angola

A widespread power outage has left 11 provinces in Angola without electricity following an interruption…
Corporate News Diamonds International

Alrosa Deputy CEO Vladimir Marchenko Steps Down for New Industry Role

Alrosa’s deputy CEO, Vladimir Marchenko, is stepping down from his role to pursue a new…
Diamonds International News

Gem Diamonds Uncovers 145.55-Carat Stone at Letšeng Mine

Gem Diamonds has unearthed a 145.55-carat rough diamond from its Letšeng mine in Lesotho, marking the ninth stone over 100 carats found this year. The high-quality, type II diamond was discovered on August 3, the company announced on Wednesday. This follows the recovery of a 123.20-carat and a 172.06-carat diamond in June, and a 212.49-carat stone in May. Additionally, in April, Gem Diamonds extracted two type IIa diamonds weighing 169.15 and 118.74 carats, and in

Loading

Read More Here

International News Oil

Libya Begins Partial Shutdown of Its Largest Oil Field

Libya has initiated a partial shutdown of production at its largest oil field, Sharara, according to three individuals with direct knowledge of the operations. As of Saturday night, output at the Sharara field decreased by 30,000 barrels per day to 230,000. The reduction followed orders to partially shut down production, said the sources, who requested anonymity as they are not authorized to speak to the media. The reason for the shutdown and the timeline for

Loading

Read More Here

Diamonds Gold Mining Mining Projects

Angola Advances Gold and Diamond Projects Amid Expansion of Mining Sector

Angola is currently undertaking 38 gold prospecting projects worth $120 million and is developing a refinery expected to be operational by 2025, according to the Minister of Mineral Resources, Oil, and Gas. The announcement was made during the 1st edition of “Conversations without Makas,” an event promoted by economist Carlos Rosado de Carvalho. “We are building a gold refinery in Luanda. Production is still very small, but the potential is great in several provinces,” the

Loading

Read More Here

Local News Oil

Sonangol’s Privatization Hinges on Overcoming Fuel Subsidy Challenges

Sonangol has sold 49 assets within its group but will only proceed with privatization after resolving the issue of fuel subsidies, according to the state oil company’s financial director. Initially scheduled for this year, the privatization, involving the dispersal of 30% of Sonangol’s capital on the stock exchange, has been postponed until 2026. “There is a very important issue related to subsidies for fuels that needs to be addressed,” Baltazar Miguel told Lusa. The discrepancy

Loading

Read More Here

Oil News

Brent Oil Prices Drop to Lowest Levels Since January Amid US Recession Fears

On Monday, Brent crude oil, a key benchmark for Angolan exports, fell by approximately 1.76%, reaching its lowest price since January. Concerns over a potential recession in the United States contributed to this decline. According to Banca March, cited by Efe, recent data indicating a slowdown in US employment and industrial activity, coupled with weak growth signs in China, have fueled investor fears of reduced oil demand. At 1 PM today, Brent crude was trading

Loading

Read More Here

International Energy

Mozambican Parliament Approves New Electricity Law to Facilitate International Investment

On Thursday, August 1, the Assembly of the Republic, Mozambique’s parliament, unanimously approved the definitive revision of the Electricity Law. This legislation establishes the general organization and legal framework for electricity supply activities in the country. Minister of Mineral Resources and Energy, Carlos Zacarias, presented the justification for the proposed revision, explaining that it is based on Article 51, Section 4 of the law. This section deals with exceptional situations allowing the adoption of different

Loading

Read More Here

International News Renewable Energy

Mozambican President Inaugurates Solar Power Station in Bazaruto Archipelago

On Thursday, Mozambican President Filipe Nyusi inaugurated a solar power station in the Bazaruto Archipelago, located in the Inhassoro district of Inhambane province. The solar power station, a result of a partnership between the state-owned electricity company EDM and the National Energy Fund (FUNAE), will enable over 400 new electricity connections in the surrounding communities of Pangaia and Sithone. President Nyusi emphasized the positive impact of the new power plant, stating that it will bring

Loading

Read More Here

Oil Local News

Mota-Engil Consortium Wins Tender to Revitalize Porto-Amboim Naval Shipyard

A consortium of two Mota-Engil companies has won the tender to revitalize the Porto-Amboim Naval Shipyard (Paenal), an infrastructure designed for the oil industry, announced Sonangol. In a statement, the state-owned oil company revealed that four companies participated in the tender for Paenal’s revitalization, which includes implementing a maintenance, repair, and shipbuilding project. Two companies were disqualified for not meeting the requirements. Sonangol deemed the consortium of Mota-Engil, Engenharia e Construção Africa, S.A., and Mota-Engil

Loading

Read More Here

Local News Oil

Angola’s Q2 Fuel Imports Drop 8% to $689 Million

In the second quarter of 2024, Angola imported 1.1 million metric tons of fuel valued at $689 million, reflecting an 8% decline from the previous quarter, according to official data. The Regulatory Institute for Petroleum Derivatives (IRDP) reported that 59.4% of the total volume was diesel, 22.2% gasoline, 12.3% fuel oil, 3.8% Jet-A1, 1.2% asphalt bitumen, and the remainder illuminating oil. The origin of these fuel acquisitions was 35.4% from the Luanda Refinery, 0.8% from

Loading

Read More Here

Oil News

Pumangol’s Jet Fuel Sales Surge 45% in Q2 Amid Growing Customer Base

Pumangol reported a significant 45% increase in jet fuel (Jet-A1) sales over three months. In the second quarter of this year, the company earned 7.2 billion kwanzas from Jet-A1 sales, marking a notable rise compared to the previous quarter. The surge in sales is attributed to the acquisition of new customers and an increase in the number of weekly flights by existing customers, according to a statement cited by Angop. Despite a 19% year-to-date decrease

Loading

Read More Here

1 … 42 43 44 45 46 … 269

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.