Vital Industry News
Libya’s Arabian Gulf Oil Company Launches Production at Z-13 Well in Al-Bayda Field De Beers Board Member Matome Tsholetsa Malema Passes Away Sodiam Raises $25.8 Million in 16th Rough Diamond Auction Shell Reaffirms Commitment to Reviving Angola’s Oil Production Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions Global Oil Prices Surge Amid Rising Tensions in the Middle East Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa
International News Oil Petroleum

Libya’s Arabian Gulf Oil Company Launches Production at Z-13 Well in Al-Bayda Field

Corporate News Diamonds International Mining Personality

De Beers Board Member Matome Tsholetsa Malema Passes Away

Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

More Angolan Mining News

International News Oil Petroleum

Libya’s Arabian Gulf Oil Company Launches Production at Z-13 Well in Al-Bayda Field

Libya Starts Production at Z-13 Well in Al-Bayda Field as AGOCO Expands Oil Output Arabian…
Corporate News Diamonds International Mining Personality

De Beers Board Member Matome Tsholetsa Malema Passes Away

De Beers Board Member and Minerals Development Company Botswana CEO Matome Tsholetsa Malema Dies Global…
Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Angola’s Sodiam Generates $25.8 Million in Rough Diamond Auction, Surpassing Expectations Angola’s National Diamond Trading…
Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

Shell Pledges Support for Angola’s Oil Production Revival as Company Returns After 20 Years Shell…
Corporate News Local Oil

Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port

Sonangol Tanker Hit by Explosion Near Iraq’s Khor al Zubair Port; Crew Safe and Vessel…
Local Energy News

Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection

Angola and Namibia Strengthen Energy Ties, Discuss Power Interconnection and Baynes Hydroelectric ProjectAngola and Namibia…
Diamonds Economy Local News

Angola Diamond Auction Raises 15 Million Dollars Exceeds Expectations by 24 Percent

Angola’s Diamond Auction Exceeds Expectations, Raising $15.5M from 17 Rough Stones Angola generated $15.5 million from the auction of 17 special rough diamonds, surpassing expectations by 24.33%, according to a statement released Wednesday by the Angolan National Diamond Trading Company (Sodiam E.P.). The diamonds were sourced from four mining operations: Lulo, Kaixepa, Chitotolo, and Luele. The combined weight of the stones totaled 865.19 carats, Sodiam reported. The breakdown of the proceeds is as follows: The

Loading

Read More Here

Corporate News Gas International

Mozambique Nears Deal with TotalEnergies to Restart $20 Billion LNG Project

Mozambique Close to Agreement with TotalEnergies to Resume $20B LNG Project Halted by Insurgency Mozambican President Daniel Chapo says negotiations with TotalEnergies SE to restart a long-stalled $20 billion liquefied natural gas (LNG) project are nearing conclusion, raising hopes for a major economic boost in one of the world’s poorest nations. In a July 19 interview, Chapo confirmed that he recently met with TotalEnergies CEO Patrick Pouyanné to discuss the resumption of the Mozambique LNG

Loading

Read More Here

International News Oil

Galp Energia Boosts 2024 Profit Outlook and Seeks Partner for Massive Namibia Oil Find

Galp Raises 2024 Earnings Forecast and Eyes Strategic Partner for 10 Billion-Barrel Namibia Oil Discovery Portuguese energy group Galp Energia has raised its full-year profit forecast after reporting better-than-expected second-quarter results and revealed plans to bring in a development partner for its significant offshore oil discovery in Namibia. The company now expects adjusted EBITDA to exceed €2.7 billion in 2024, up from its previous estimate of €2.5 billion.The revision comes on the back of strong

Loading

Read More Here

International Gas News

Morocco to Begin Construction of $6 Billion Nigeria Gas Pipeline in July

Morocco Set to Launch $6 Billion Phase of Nigeria-Morocco Gas Pipeline Project in July 2025 Morocco is set to break ground this July on the $6 billion first phase of the ambitious Nigeria-Morocco Gas Pipeline, a transformative infrastructure project that will stretch more than 5,000 kilometers across West Africa. The pipeline aims to transport natural gas from Nigeria to Morocco, passing through 11 African nations and eventually supplying energy to both African and European markets.

Loading

Read More Here

Diamonds Economy International News

Botswana Faces Currency Pressure as Diamond Revenues Collapse

Botswana May Devalue Pula Again Amid 49% Diamond Revenue Drop and Weakening Forex Reserves Citigroup Inc. has issued a warning that Botswana may be forced to devalue its currency once more as falling diamond revenues—the cornerstone of the nation’s economy—put increasing pressure on fiscal and monetary stability. Earlier this month, the Bank of Botswana revised its exchange rate policy, allowing the pula to depreciate by up to 2.76% against a weighted basket of currencies in

Loading

Read More Here

International Gas News Oil

Zambia Inks $1.1 Billion Deal for Oil Refinery and Energy Hub in Ndola

Zambia to Build $1.1 Billion Oil Refinery in Ndola to Cut Fuel Imports and Boost Exports Zambia has signed a landmark $1.1 billion agreement to construct a crude oil refinery and integrated energy complex in Ndola, located in the country’s Copperbelt Province, the government announced Monday. The project, aimed at reducing Zambia’s heavy reliance on imported fuel, will be developed through a partnership between the state-owned Industrial Development Corporation (IDC) and China’s Fujian Xiang Xin

Loading

Read More Here

International Gold

Sudan’s Gold Production Hits Record 64 Tonnes in 2024 Despite War and Economic Collapse

Sudan’s Gold Boom Amid Chaos: A Lifeline or a Lost Opportunity? Despite a devastating civil conflict, Sudan’s gold production soared to a record 64 tonnes in 2024—marking a 53% increase from 41.8 tonnes in 2022. According to the Sudanese Mineral Resources Company (SMRC), this growth generated $1.57 billion in legal export revenue, providing a crucial lifeline to the nation’s embattled economy. The figures were announced by SMRC Director Mohamed Tahir Omer during a press briefing

Loading

Read More Here

International News Oil

East African Crude Oil Pipeline Hits 64.5% Completion, Driving Regional Growth

EACOP Pipeline Reaches 64.5% Completion, Generates $19.5 Million for Tanzania The East African Crude Oil Pipeline (EACOP), also known as the Uganda–Tanzania Crude Oil Pipeline (UTCOP), has reached a major implementation milestone, with 64.5% of construction now complete. The $5 billion cross-border infrastructure project has already generated over TSh50 billion (approximately $19.5 million) in revenue for Tanzania through taxes, levies, and construction-related charges. Spanning 1,443 kilometers, EACOP is set to become the world’s longest heated

Loading

Read More Here

Corporate News Diamonds

Botswana Pushes Back on Anglo American Over De Beers Sale Amid Transparency Concerns

Botswana Challenges Anglo American’s De Beers Sale Over Lack of Consultation Botswana has expressed strong dissatisfaction with Anglo American’s handling of the potential sale of its stake in De Beers, citing a lack of proper consultation, according to sources familiar with the matter. Anglo American is offloading De Beers as part of a broader restructuring strategy announced by CEO Duncan Wanblad, following the company’s successful defense against a takeover attempt by BHP Group last year.

Loading

Read More Here

Diamonds International News

WFDB President Calls for United Action to Protect Natural Diamond Market Amid Lab-Grown Surge

WFDB Urges Global Diamond Industry to Defend Natural Diamonds as Lab-Grown Sales Surge The World Federation of Diamond Bourses (WFDB) President Yoram Dvash has voiced serious concern over the rapid rise of synthetic diamonds, warning that their growing market share poses a significant threat to the value, perception, and future of natural diamonds. Dvash described the rise of lab-grown diamonds as a “meteoric” shift. What began as a marginal trend has turned into an overwhelming

Loading

Read More Here

1 … 62 63 64 65 66 … 390

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.