Chevron Acquires New Offshore Blocks in Angola 20-08-2024
Angolan Mining Oil & Gas
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Chevron Acquires New Offshore Blocks in Angola
Chevron, a major player in Angola’s oil sector with a 26% market share, has recently made significant strides to further solidify its presence in the country. In mid-June, the U.S.-based giant signed contracts for two license areas off the coast of Angola—Blocks 49 and 50, located in the ultra-deepwater section of the Lower Congo Basin. A few years ago, this deal would not have been possible…Read the full article
Angola Expands Diamond Industry with Eight New Cutting Factories Over Five Years
Between 2019 and 2024, Angola significantly expanded its diamond cutting industry by opening eight new cutting factories. These include the Stone Polished Diamond factories in Luanda, with a combined processing capacity of 24,000 carats per year, KGK (60,000 carats/year), and Pedra Rubra (60,000 carats/year). At the Saurimo Diamond Development Pole (PDDS), KGK opened additional factories with…Read the full article
Brent Oil Price Surge Boosts Angola's Revenue Forecast
Brent crude oil began yesterday’s session on the London futures exchange with a slight increase, opening at $79.71 per barrel, up from $79.66 at the close of last Friday’s session. During the day’s trading, the price climbed to $80.45 per barrel. This upward trend suggests a positive week ahead, driven by strong global demand and ongoing geopolitical uncertainties that continue to influence oil...Read the full article
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Catoca Confronts Market Challenges Amid Falling Diamond Prices
Sociedade Mineira de Catoca, operating in Lunda-Sul, is actively working to sell its diamond production from March and April to ensure steady cash flow, despite a decline in international diamond prices. Engrácia João, Deputy General Director for Administration, shared these details during a press briefing in Dundo, Lunda-Norte. João noted that, like other operators, Catoca is grappling with less...Read the full article
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Supervisor at First Quantum Minerals LTD
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Field Engineer: Consultant On Wellbore Cleanup Operations: Scraper Runs And Chemical Displacement. (Specialist On Wellbore Tools)
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