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
Angola exported approximately 96.84 million barrels of crude oil in the second quarter of 2024, valued at around $8.11 billion, according to data presented last week in Luanda by the Secretary of State for Oil and Gas, José Barroso. Barroso noted that these figures represent a 0.5% increase compared to the previous quarter.
Gold prices surged on Monday, reaching a peak for the seventh consecutive session. This rise is driven by expectations of interest rate cuts in the United States and increased gold accumulation by China. An ounce of gold (approximately 31.1 grams) reached $2,355 in recent trading. For delivery in August, the price of gold on the international market increased on Friday, closing up 1.17 percent at $2,381 per ounce. Gold in Angola According to recent data
ExxonMobil plans to invest up to $15 billion in Angola’s Namibe basin by 2030, as part of ongoing drilling campaigns. With 30 years of experience in the country, the company is developing large-scale oil and gas projects and enhancing output at existing fields. Katrina Fisher, ExxonMobil’s lead country manager and managing director for Angola, will provide an update on the company’s project portfolio in Angola during the African Energy Week (AEW): Invest in African Energy
The Egyptian Ministry of Electricity and Renewable Energy plans to increase the country’s electrical capacity by 750 megawatts with two new wind and solar energy projects by October 2024. These projects represent a total investment of $700 million and will significantly advance Egypt’s renewable energy goals. The first project, a wind energy initiative, will be inaugurated in August with a capacity of 250 megawatts. It is being developed through a partnership between Orascom Construction, Toyota,
Sentuo Group is investing $980 million to build a two million metric tons per year oil refinery in Tema, with a second phase planned to add another three million metric tons per year. Mr. Xu Ningquan, Executive Chairman of the Sentuo Group, announced the investment when representatives from the African Refiners Association (ARDA) and the Cooperation on International Traceability in Analytical Chemistry (CITAC) paid a working visit to the Sentuo Oil Refinery in Tema. Currently,
Senegal has entered the oil export market, with its first shipment of crude oil reaching Europe. According to Africa Ports, the 158,268-dwt crude oil tanker Maran Poseidon transported Senegal’s medium-sour crude oil to the Netherlands and Germany. The oil was extracted from the Sangomar offshore oil and gas field in the MSGBC basin, which includes Mauritania, Senegal, the Gambia, Guinea-Bissau, and Guinea-Conakry. This field is located about 96 km south of Senegal’s Port of Dakar.
Oil concessionaires in Mozambique must now provide detailed information on salaries and the contracting of goods and services to the government, including proof of tender proposals received. This new mandate is outlined in the Ministry of Mineral Resources and Energy’s diploma 55/2024, effective from July 5th, 2024, which approves Guidance Mechanisms for Obligations for Contracting Goods and Provision of Services, Employment Programs, Training Programs, Association with Nationals, Preferential Rights, and Adjustment of Conduct of concessionaires.
The Mozambican Government has approved the concession contract for petroleum exploration and production in the Angoche A6-C Offshore Area. This agreement involves Eni Mozambico as the operator and Empresa Nacional de Hidrocarbonetos (ENH) as the partner. The Council of Ministers made this decision during an ordinary meeting, granting the concessionaire exclusive rights to conduct petroleum operations within the specified concession area. This includes producing oil from underground resources and building infrastructure for petroleum production and
Nigeria’s largest oil company, Dangote, risks going out of business due to a lack of support from the state, which currently cannot supply crude oil to its newly inaugurated refinery. After launching one of Africa’s largest refineries, designed to provide oil at lower costs for the population, Dangote is now confronting an unprecedented crisis. Despite the company’s requests, the Nigerian government has stated it does not have crude oil available for supply. Consequently, the government
Diamond miner De Beers’ new rough diamond sorting, valuation, and sales building, Sky Park, in Johannesburg, has received multiple prestigious green ratings from the Green Building Council of South Africa (GBCSA). The building has earned a five-star interior green rating and two four-star green building ratings. These ratings were awarded for sustainable design elements proposed and approved by the GBCSA, as well as the ‘As-Built’ rating, which evaluates the use of green and sustainable materials
