Angolan Mining Oil & Gas - Page 67 of 270 - Top Angolan News for Oil, Gas and Mining Industries

Local News Oil

Stena Sonangol Suezmax Pool Expands with Addition of Hammonia Reederei’s Aura M

7, June, 20247, June, 2024

The Stena Sonangol Suezmax Pool, a joint venture between Stena Bulk and Angolan state-owned energy company Sonangol, has expanded its fleet with the addition of a vessel from German ship management company Hammonia Reederei. Hammonia’s 2020-built, 156,000 dwt crude oil tanker, Aura M, has joined the pool, which previously comprised 19 vessels with a combined capacity of 3 million dwt and an average age of 10.3 years. “This new membership and the addition of Aura

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International News Oil

Russian Oil Transfers Shift to Moroccan Coastline Amid Sanctions

7, June, 20247, June, 2024

Russian operators of sanctioned oil have found a new location for ship-to-ship transfers in the Mediterranean after being barred from Greek waters last month. Bloomberg reports that the coastline near Nador, in eastern Morocco, has become a key site for transferring Urals oil from smaller vessels to larger tankers for onward shipment. Since May 1, the Greek navy has conducted exercises in the Laconian Gulf to deter Russian-linked tankers from using the area for transfers.

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Local News Oil

Shelf Drilling secures $66m jackup extension from Chevron in Angola

7, June, 20247, June, 2024

Oslo-listed offshore driller Shelf Drilling has secured a new contract for one of its jackup drilling rigs. The company won a 15-month deal for the Shelf Drilling Tenacious rig which will work offshore West Africa. The award will begin in direct continuation of the Singapore-built unit’s current contract, extending the commitment until February 2026. The rig is hired by the Cabinda Gulf Oil Company, an Angolan subsidiary of US major Chevron. It has been with the company

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Local Energy Gas News Oil Petroleum

Aker Solutions Secures Long-Term Agreement for FPSO Projects in Angola

7, June, 20247, June, 2024

Norway’s Aker Solutions has secured a long-term frame agreement with Azule Energy to provide EPC (engineering, procurement, and construction) services for brownfield projects and modifications on two FPSOs (floating production storage and offloading units) in Angola. This agreement extends Aker Solutions’ ongoing collaboration with Azule Energy, Angola’s largest independent oil and gas producer and a joint venture between Eni and BP. The scope of work focuses on the Greater Plutonio and PSVM FPSOs. It includes

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International Diamonds

Botswana Government Considers Increasing Stake in De Beers Amidst Potential Sale

6, June, 20246, June, 2024

President Mokgweetsi Masisi disclosed to JCK News the possibility of the Botswana government raising its shareholding in the global diamond miner De Beers. This comes in the wake of parent company Anglo American’s announcement of plans to spin off or divest the business. Currently, the government holds a 15% stake in De Beers, with Botswana contributing 70% of the company’s annual rough diamond supply. Anglo’s strategic review, which includes a potential sale or divestment of

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International

First hydrogen-fuelled tug vessel, locomotives planned for Namibia

6, June, 20246, June, 2024

O&L and CMB-Tech plan to build the world’s first hydrogen-fueled tugs through their joint venture, Cleanergy Solutions. CMB-Tech has also partnered with TransNamib, Hyphen Technical, CMB Tech, and the University of Namibia (UNAM) are partners in the HyRail project. Although there is no timeline for tug boats, the International Rail Journal quote National Planning Commissioner Oberth Kandjoze saying that the rail project under HyRail is expected to be commissioned by the end of 2025. Cleanergy Solutions has launched the first-ever

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Diamonds International News

De Beers Unveils Ambitious Five-Year Plan to Dominate Luxury Jewelry Market

6, June, 20246, June, 2024

De Beers, the world’s largest diamond producer by value and currently up for sale by parent company Anglo American, has launched an ambitious five-year strategy to reposition itself as the leading jewelry group in the market. While De Beers already sells diamond jewelry through its global retail boutiques, Chief Executive Al Cook aims to expand the number of outlets to compete with profitable luxury brands such as Tiffany and Cartier. “If I look at the

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International News Oil

ExxonMobil Downsizes Operations in Nigeria Amid Broader Strategic Shift

5, June, 20245, June, 2024

ExxonMobil is downsizing its operations in Nigeria, Africa’s largest oil-producing country, as part of a broader strategy to scale down its presence in the region. The oil giant is vacating its expansive offices in Lagos with the expiration of a 33-year lease this Friday, according to insiders who spoke to Reuters. This move follows similar actions by other oil majors such as Shell, TotalEnergies, and Eni, which have attempted to exit Nigeria’s oil-rich Niger Delta

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International Gold Mining

Top 10 richest mineral-producing countries in Africa

5, June, 20245, June, 2024

Africa is home to vast and abundant reserves of natural resources, with resources ranging from black gold popularly known as oil to large reserves of cobalt, found all across the mineral-rich lands of the Congo. Africa is home to nearly all valuable minerals that are essential to generating wealth, producing commodities, and advancing technology. Several African nations have prospered because of their mineral resources, some more so than others. Africa is home to approximately 30%

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International News Oil

Nigeria Uncovers 122 Illegal Oil Refineries in the Southern Region

5, June, 20245, June, 2024

In the past week, Nigeria has made alarming discoveries of illegal oil refineries in its southern region, where the country’s oil reserves are concentrated. These findings shed light on persistent issues plaguing the nation’s oil sector, such as oil theft and vandalism, which have been ongoing for years. Similar incidents were reported back in February, indicating a recurring challenge. According to a report from Nigerian newspaper The Punch, the Nigerian National Petroleum Company Limited (NNPCL)

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