Angolan Mining Oil & Gas

Chevron Expands Exploration in Nigeria and Angola Amid Production Decline in West Africa | 12-11-2024 #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

Lucapa has released the production plan for the Merlin Diamond Mine in the Northern Territory as the first modern EM survey (Xcite™ by NRG) takes flight over the 234sqkm tenements. It is the first time in 25 years an advanced EM survey has been undertaken at Merlin, with the potential to discover more kimberlites and other minerals. See the latest news https://shorturl.at/wTKPJ https://shorturl.at/1ITEW (Video and photo credit: Alan Yorke, NRG)

As Africa prepares to unlock 3.5 million barrels per day of hydrocarbon potential, can we truly afford to ignore the environmental impacts of such rapid development? Share your thoughts below! Follow the African Energy Council for more energy insights! #aecouncil #AfricasDeepWaterDiscoveries #Hydrocarbon #OilAndGasExploration #EnergySustainability

Lucara Lowers 2024 Revenue Forecast Amid Diamond Market Challenges Lucara Diamond Corp. has announced that its 2024 revenue projections have been revised downward due to reduced sales of high-value diamonds, which typically account for up to 70% of its annual revenue, and ongoing softness in the global diamond market. In its third-quarter update, the company adjusted its full-year revenue guidance to $160 million–$180 million, down from the previous range of $220 million–$250 million. While other operational guidance remains unchanged, Lucara lowered its 2023 capital... Read more on the link below https://lnkd.in/gqYVgMHd

Chevron Faces Decline in Oil Production at Malongo Field but Strengthens Local Engagement Chevron is currently producing 230,000 barrels of oil per day at the Malongo Oil Field in Cabinda province, significantly down from the 600,000 barrels produced in previous years. This was disclosed by the multinational’s operations director, Gabriel Ivaba, during a visit by Cabinda Governor Suzana de Abreu to assess the company’s operations and production status. Ivaba explained that the production decline is a natural phenomenon common in oil and gas industries. “Our industry is cyclical... Read more on the link below https://lnkd.in/gvyCE8pM

Sirte Oil Boosts Output with Advanced Horizontal Wells in Libya Sirte Oil, a subsidiary of Libya’s National Oil Corporation (NOC), has successfully drilled two horizontal wells in the Zelten and Wadi fields, leveraging advanced real-time reservoir mapping technology. These developments are expected to enhance production capacity by 2,300 barrels per day (BPD), pushing Sirte Oil’s total output beyond the 100,000 BPD milestone. The first well, C355H-6, located in the Zelten field, was completed as part of the initial phase of Sirte Oil’s 2024 exceptional production... Read more on the link below https://lnkd.in/gs-PtAx2

Bourbon Logistics Secures Integrated Logistics Contract for Namibia Offshore Exploration BOURBON MARINE & LOGISTICS, a marine services company, has been awarded a comprehensive logistics contract to support an offshore exploration campaign in Namibia. The six-month contract, granted by a major but undisclosed oil and gas company, involves drilling its first well off southern Namibia’s coast. Bourbon Logistics’ responsibilities encompass the entire supply chain, including freight forwarding, logistics base services, and marine operations. The company will manage international shipments, customs clearance for equipment, and base management services to... Read more on the link below https://lnkd.in/gGCZ793k

Angola’s Lobito Atlantic Railway Expands with Arrival of 275 New Container Wagons The first batch of 275 new container wagons, purchased from South Africa’s Galison Manufacturing, has arrived in Lobito, Angola, to enhance the transport capacity of the Lobito Atlantic Railway (LAR). This strategic investment is part of LAR’s broader expansion and modernization plan, aimed at boosting railway infrastructure over the next three years. Arriving earlier last week, the new wagons are equipped with a modern pneumatic braking system and a lightweight steel structure, ensuring safer and... Read more on the link below https://lnkd.in/gvusVPR3

21st Plenary Meeting of the Kimberly Process The 21st Plenary Meeting of the Kimberley Process in 2024 saw the active participation of Angola, reaffirming its commitment to transparency in the diamond trade. During the meeting, actions were discussed to strengthen traceability and ensure that diamonds do not finance armed conflict, in line with the principles of the Kimberley Process. As one of Africa's largest diamond producers, Angola continues to play a crucial role in promoting responsible and ethical practices in the industry. #Angola #ProcessoKimberley #DiamantesResponsáveis #ComércioÉtico #DiamantesDeSangue #Transparência #KP2024 #DesenvolvimentoSustentável

𝗚𝗢𝗩𝗘𝗥𝗡𝗠𝗘𝗡𝗧 𝗧𝗢 𝗘𝗦𝗧𝗔𝗕𝗟𝗜𝗦𝗛 𝗠𝗘𝗚𝗔 𝗘𝗡𝗧𝗘𝗥𝗣𝗥𝗜𝗦𝗘𝗦 𝗔𝗦 𝗟𝗔𝗥𝗚𝗘 𝗔𝗦 𝗗𝗘𝗕𝗦𝗪𝗔𝗡𝗔 𝗢𝗥 𝗕𝗜𝗚𝗚𝗘𝗥 - To create tens of thousands of jobs - Companies to tap into international markets - To generate revenues in billions of dollars 𝗧𝗵𝗲 𝗣𝗿𝗼𝗷𝗲𝗰𝘁𝘀 | 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 As part of its transformative agenda to place Botswana's economy on a robust growth trajectory, the new government plans to establish mega sustainable enterprises on a scale comparable to, or even larger than, Debswana. Debswana, a 50/50 joint venture between the Government of Botswana and diamond giant De Beers, is currently the largest private sector employer in the country, supporting over 10,000 direct and indirect jobs. Speaking at a Kgotla meeting in Tutume over the weekend, Vice President and Minister of Finance Ndaba Gaolathe announced the government’s ambitious plans to create enterprises that will propel Botswana's economy to unprecedented levels. “We have already begun the groundwork to establish large companies of Debswana’s magnitude or even bigger,” said Gaolathe. “These companies will operate in sectors such as medicine, energy, power, and food processing, among others.” The Vice President emphasized that with the nation’s support, unity, and patience, Botswana could transform into a global example of a vibrant, thriving economy. In its manifesto, which brought it to power, the UDC outlined its commitment to building at least two mega-companies in key areas such as manufacturing (including pharmaceuticals) and energy development to drive the economy forward. These state-owned enterprises are expected to: * Generate industry revenues exceeding a billion U.S. dollars within five years. * Create tens of thousands of high-paying jobs. * Foster significant productivity gains across the economy by establishing rigorous performance standards for local supply chains. Additionally, the mega-companies aim to stimulate the growth of sustainable clusters of small, medium, and micro-enterprises (SMMEs) and nurture authentic, long-term entrepreneurs. This initiative is anticipated to open access to large international markets, ensuring indirect and direct economic benefits for the nation. The government is confident that these ventures will not only enhance Botswana’s economic standing within Africa but also elevate it as a prominent player on the global stage.