Angolan Mining Oil & Gas

Angola Earns $8.1 Billion from Oil Exports in Third Quarter Despite Price Declines | 29-10-2024 #Angola #oilandgas #diamonds ,TotalEnergies ENEOS, TotalEnergies, TotalEnergies Green Gases and LNG, TotalEnergies Transport Solutions, Oil & Gas Middle East , ESG Innova Angola, Oilmin Field Services , GASCO Qatar, GASCO, National Gas & Industrialization Company, Martin Dow Limited, National Fuel Gas Company, Galfar Engineering & Contracting SAOG, Sonangol P&P, Eni Energies et Services, The OPEC Fund for International Development, Endiama, Sociedade Mineira de Catoca, VICORD Oil & Gas Angolan Visa Services, Lucapa Diamond Company Ltd, Trafigura, bp, BP - A Beneficência Portuguesa de São Paulo, Barbarian Diving & Marine Services Angola, LDA, LOUIS DREYFUS ARMATEURS (LDA), Gulf Marine Services PLC, GEM Angola, Interoil Angola Lda., LNG Canada, DQS ,Bureau Veritas Group, @AVIC International Holding Corporation, Mount Meru Group, Tourism In Angola, Chevron

De Beers CEO Highlights Angola’s Diamond Exploration Potential Al Cook, CEO of De Beers Group, stated that Angola is the premier destination globally for diamond exploration and a top priority for the South African multinational. During a meeting with President João Lourenço last Wednesday, Cook revealed that De Beers has identified six promising diamond exploration zones in the country. The identification of these zones stems from aerial studies conducted by De Beers in Angola, as noted in a statement from the country’s regulatory agency... Read more on the link below https://lnkd.in/gb5SEqD5

Vice President Urges Greater Gender Equality in Angola’s Oil, Gas, and Mining Sectors The Vice President of Angola, Esperanca da Costa, emphasized the importance of gender equality in the oil, gas, and minerals sectors during the opening of the “Women in Mining, Oil & Gas” conference. She urged companies operating in these industries to intensify their efforts to enhance women’s participation. In her remarks, da Costa highlighted that estimates from the country’s regulatory agency and other stakeholders indicate that women currently make up only about 14% of the... Read more on the link below https://lnkd.in/gTBZKiZ3

Angola Prioritizes National Interests Amid Talks with Alrosa on Catoca Diamond Mine Angola’s Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, stated on Wednesday last week that the government is in ongoing discussions with Russian diamond company Alrosa, a 41% shareholder in the Catoca diamond mine. He emphasized Angola’s commitment to protecting national interests during these negotiations. Speaking at the 2nd International Diamond Conference in Saurimo, Azevedo explained, “Our focus is on Angola’s interests, and we have conveyed these priorities to Alrosa.” Alrosa, facing sanctions due... Read more on the link below https://lnkd.in/gaz7uygT

Angola Earns $8.1 Billion from Oil Exports in Third Quarter Despite Price Declines Angola generated approximately $8.1 billion from exporting 102.1 million barrels of oil in the third quarter of this year, the government announced last week. Alexandre Garrett, director of the Planning and Statistics Office of the Ministry of Mineral Resources, Oil, and Gas, reported a 5.42% rise in export volume from the previous quarter and a 2.01% increase compared to the same period in 2023. “Although export volumes rose, this increase was not reflected in price... Read more on the link below https://lnkd.in/gS875q_x

ECOWAS Validates Key Agreement for African Atlantic Gas Pipeline Project The Economic Community of West African States (ECOWAS) has endorsed the Host Government Agreement (HGA) for the African Atlantic Gas Pipeline (AAGP) project, marking a significant milestone in the development of the 7,000-km pipeline. The HGA, which complements the existing Intergovernmental Agreement (IGA), defines the terms of collaboration between host countries and the project company, setting the foundation for the pipeline’s construction. This ambitious infrastructure will link Nigeria to Morocco, supplying natural gas across ECOWAS... Read more on the link below https://lnkd.in/g8zBmGXe

Gem Diamonds’ Revenue Rises in Q3 on Strong Sales of Large Stones Gem Diamonds Limited reported a revenue increase for Q3, driven by the sale of more large diamonds, which boosted the average price per carat. Revenue from the company’s Letšeng mine in Lesotho surged 36% year-over-year to $42.7 million for the three months ending September 30. Sales volume rose 11% to 26,617 carats, while the average price per carat climbed 22% to $1,603. Revenue also improved by 9% from the previous quarter, with the average price up... Read more on the link below https://lnkd.in/gGpBaaUt

De Beers Mulls Further Output Cuts Amid Weak Diamond Demand and Oversupply De Beers Group is considering additional production cuts in response to ongoing weak demand and oversupply in the diamond market. This potential move follows the miner’s earlier reduction of its 2024 production target by 3 million carats, as the company anticipates a prolonged market recovery. “We reduced rough-diamond production from De Beers in response to market conditions,” stated Duncan Wanblad, CEO of De Beers’ parent company, Anglo American. “The diamond market remains challenging, with high midstream... Read more on the link below https://lnkd.in/gWfxrrxQ

Eni and BP Resume Exploration in Libya After Decade-Long Hiatus Italy’s Eni and the UK’s bp have resumed exploration activities in Libya after a ten-year suspension. The National Oil Corporation (NOC) announced that Spanish oil company Repsol is also preparing to restart drilling in the Murzuq Basin, while Austria’s OMV is set to resume operations in the Sirte Basin in the coming weeks. On Saturday, Eni commenced exploratory work in Area “B” (96/3) of the Ghadames Basin, marking its first well under the Fourth Contracting... Read more on the link below https://lnkd.in/gXyZC3CM

Türkiye Begins Oil and Gas Exploration in Somali Waters with TPAO Vessel Türkiye has deployed an exploration vessel to Somali waters to search for potential oil and gas reserves as part of its new energy resource strategy. Operated by Türkiye’s state-owned energy company, TPAO, the vessel will carry out extensive seismic surveys in the region over the coming months. Somalia’s government has voiced strong support for Türkiye’s exploration efforts, viewing them as a path to economic growth and energy independence. However, the initiative has raised concerns among... Read more on the link below https://lnkd.in/gHHqc-Yu