Angolan Mining Oil & Gas - Page 82 of 270 - Top Angolan News for Oil, Gas and Mining Industries

Licensing Rounds Fueling Sub-Saharan Africa’s O&G Expansion

9, May, 20249, May, 2024

Africa is making strides to expand its oil and gas reserves, with multiple countries introducing new licensing rounds and accelerating ongoing ones. Sub-Saharan Africa is expected to spearhead this growth, with more than 11 licensing rounds planned for 2024 and 2025. Nigeria Unveils 2024 Deepwater Bid Round The Nigerian Upstream Petroleum Regulatory Commission launched the Nigeria License Round 2024 in April 2024, offering 19 oil and gas blocks. The round includes 12 new oil blocks and seven

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International Gas Oil

Upcoming High-Impact Wells Unlocking Africa’s Offshore Potential

9, May, 20249, May, 2024

Recent oil and gas discoveries throughout the continent, including Namibia’s Mopane 1X and 2X, are spurring new drilling campaigns and investments across Africa. Global E&P companies are ramping up exploration activities to unlock fresh reserves and maximize the Africa’s offshore potential with a number of high-impact wells planned for 2024 and 2025. Up to 70% of wells drilled in Africa will be in frontier and emerging basins. Set to dominate the global high-impact well drilling

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International Energy Gas News

Höegh LNG Secures Deal to Deploy FSRU in Egypt

9, May, 20249, May, 2024

Egyptian Natural Gas Holding Company (EGAS) has signed a 20-month agreement with energy infrastructure firms Höegh LNG and Australian Industrial Energy (AIE) to deploy a Floating Storage and Regasification unit (FSRU) in Ain Sokhna, Egypt. Höegh LNG will provide its FSRU unit, Hoegh Galleon, for use in Egypt from June 2024 to February 2025. Afterward, the unit will be deployed to Port Kembla in Australia under a 15-year contract with AIE.Top of Form Bottom of

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International Gas News

Renergen Initiates Helium Production at South Africa’s Virginia Gas Project

9, May, 20249, May, 2024

Renergen, an integrated renewable energy company, has commenced helium production at the Virginia Gas Project in South Africa’s Free State province. The project’s Original Equipment Manufacturer (OEM) has successfully cooled the helium cold box to the required temperature, allowing for the liquefaction of helium from the wells in batches. Following this milestone, the next steps involve ensuring all operating conditions meet standards, with a performance test scheduled by the OEM before transitioning the project into

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International Gold Mining Projects News

Endeavour Mining Starts Gold Production in Senegal

9, May, 20249, May, 2024

Multinational company Endeavour Mining has poured the first gold at its Sabodala-Massawa BIOX Expansion project in Senegal, completing construction in just 24 months. Commercial production at the expansion project is slated to commence late in Q2 2024, with a capacity expected to reach 1.2 million tons per year by Q3 2024. The inaugural gold pour took place on April 18, 2024, yielding approximately 112 ounces, while the BIOX circuit followed suit on April 28, 2024,

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International Mining Mining Projects

Hertz Energy Applies for Uranium Mining Licenses in Namibia

9, May, 20249, May, 2024

Canadian mining firm Hertz Energy has applied for two prospecting licenses to explore uranium in Namibia. Namibia ranks third globally in uranium production and extracting 6,382 tons of uranium l in 2023. The application covers a 9,627-hectare area in Central Namibia, situated in the Erongo region. The first proposed project is positioned 22km east of Swakopmund and 30km southwest of the longstanding Rossing Mine. Preliminary data suggests mineralization similar to that of the Rossing Mine

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International News Renewable Energy

AMEA Power Secures 20-Year PPA for Doornhoek Solar PV Project in South Africa

6, May, 20246, May, 2024

Renewable energy firm AMEA Power, headquartered in the UAE, has announced the signing of a 20-year Power Purchase Agreement (PPA) with Eskom, a major South African utility company, for the 120-megawatt Doornhoek Solar Photovoltaic (PV) Project. The project, awarded under Bid Window 6 of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), was developed by a consortium led by AMEA Power in partnership with local entities. AMEA Power holds the majority share in the

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International News Renewable Energy

China Dominates Global Investment in Solar Module Manufacturing

6, May, 20246, May, 2024

According to a report released today by the International Energy Agency (IEA), China maintained its stronghold on the global investment landscape in photovoltaic solar module manufacturing, accounting for 80% of global investment in 2023. The IEA’s findings suggest that China’s leadership in this sector is unlikely to change in the near future. The report paints an optimistic picture of the capacity of factories worldwide to produce solar installations necessary to achieve climate goals by 2030.

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International Economy

Unemployment rate rises to 3.9% in the USA

6, May, 20246, May, 2024

The unemployment rate in the United States of America (USA) rose to 3.9% in April, a tenth more than in the previous month and the economy created 175,000 new jobs, the Department of Labor reported. ob creation was below what was expected by economists, who pointed to 243,000 jobs and a far cry from the 315,000 in March. These data suggest that the Federal Reserve’s (Fed) restrictive monetary policy, with successive interest rate hikes until

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Oil

Baker Hughes to Establish Liquid Mud Unit in Namibia

6, May, 20246, May, 2024

Oil companies operating in Namibia are set to benefit from increased efficiency and cost savings as energy technology company Baker Hughes moves forward with plans to construct a liquid mud unit (LMU) in the country. The initiative aims to address challenges associated with importing drilling fluids from Angola, streamlining operations and supporting the growing offshore exploration activity in Namibia. According to Tokunbo Azeez, Baker Hughes’ executive director for sub-Saharan Africa, the current practice of importing

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