Africa > Petroleum / Mining

Petroleum / Mining in Africa

  • Mining company Kenmare Resources

    MOZAMBIQUE, 2014/07/10 Mining company Kenmare Resources, which explores heavy sands deposits in Moma, northern Mozambique, produced 445,600 tons of ilmenite in the first half of 2014, the Irish company said in a statement issued Tuesday. According to the statement, which reported production for the second quarter of the year, ilmenite production in the first half of 2014 rose 47 percent against the same period of 2013.

  • South Africa: Seifsa Concerned by Shrinking Economy

    SOUTH AFRICA, 2014/07/07 The Steel and Engineering Industries Federation of SA (Seifsa) on Tuesday said it was concerned by the country's shrinking economy caused by strike action. CEO of Seifsa, Kaizer Nyatsumba, said he was worried about what damage the Numsa strike would have given that each day employees spent away from work cost the industry additional than R300 million. "Ours is a very strategic sector with both upstream and downstream impacts on other significant industries like mining, construction and auto manufacturing," said Nyatsumba.

  • Shell, Schlumberger, Others Invest $1bn in Snake Island Integrated Free Zone

    UNITED KINGDOM, 2014/06/10 Shell Nigeria Exploration and Production Company (SNEPCO), Schlumberger, Globestar, Atlantic Aviation and 19 other enterprises operating within the Snake Island Integrated Free Zone (SIIFZ) in Lagos have made a total investment of about $1billion in the zone. Speaking during the weekend at the same time as the Minister for Industry, Trade and Investment , Mr. Olusegun Aganga visited the Snake Island facilities of Nigerdock, the Chairman of Jagal Group, owners of Nigerdock, Mr. Anwar Jarmakani stated that in the last three years, SIIFZ has attracted direct investment to the tune of over $230million. Jarmakani noted that Nigerdock has commenced discussions with eleven other entities that plan approaching into the zone, adding that these entities possess the new national-of-the-art technologies, with expertise in various aspects of integrated deepwater oil and gas services.

  • The Angola LNG natural gas liquefaction unit is expected to re-launch production only in mid 2015,

    ANGOLA, 2014/05/31 The Angola LNG natural gas liquefaction unit is expected to re-launch production only in mid 2015, said a spokesman for US oil group Chevron. This project, which cost over US$10 billion, has faced huge challenges in loading ships with liquid natural gas (LNG) due to a succession of technical problems, such as a rig sinking, fires, leaks and most recently a broken cable. “Following the investigation of the accident that occurred on 10 April 2014 the company has decided to bring forward a planned halt in operations in order to allow contractor Bechtel to correct the problems and transaction with others related to the unit’s production capacity,” the spokesman said cited by financial news agency Bloomberg.

  • The worst ever derailment on the Sena railroad in Mozambique

    MAPUTO CITY, 2014/05/31 The worst ever derailment on the Sena railroad in Mozambique resulted in two derailed locomotives, 26 rail cars destroyed, 150 metres of damaged rail line, 50 metres of platform removed and loss of 1,638 tons of coal. Derailment of the train with two engines and 42 rail cars loaded with coal mined in Moatize by Vale Moçambique, subsidiary of Brazilian group Vale, as well injured train’s drivers. The director of the Sean Line Reconstruction Brigade (BRLS), engineer Elias Xai-Xai, told Mozambican newspaper Notícias, that the platform, where the ballast, sleepers and rails sit, was the part most affected by the derailment and that replacing it would require extensive compaction of the soil.

  • Sensitization campaign on minerals in Mauritania

    MAURITANIA, 2014/05/22 The Mauritanian national committee for transparency on extractive industries (CNITIE) is preparing for a wide sensitization campaign to make the people know about the importance for a better management of natural resources for the profit of the people,  For the campaign planned for mid-June, the committee targets public administrations (ministries of Finance, Oil and Mines, Fishing, Environment and the Interior). Set up since 2005 for the intensification of research on several minerals, with the beginning of oil production, the national CNITIE remains largely unknown even within the public administrations, said its president, Mr Sow Djibi.

  • Nigeria's militant group Movement for the Emancipation of the Niger Delta (MEND)

    NIGERIA, 2014/05/21 Nigeria's militant group Movement for the Emancipation of the Niger Delta (MEND) on Monday claimed responsibility for Sunday's explosion near the Port Harcourt refinery in the oil rich Rivers National that left seven persons dead. 'This attack is line with our on-going operation ‘Hurricane Exodus’, which was intended to bring down all refining facility,' MEND said in a statement it emailed to journalists. 'This facility was infiltrated by a few of our fighters with the aid of our internal agents within the NNPC (national run Nigerian National Petroleum Corporation) contrary to speculations that the sabotage was carried out by 'pipeline vandals and oil thieves', which is a very convenient phrase used in shielding the truth from the public,' it added.

  • Norwegian oil group Statoil ASA

    ANGOLA, 2014/05/15 Norwegian oil group Statoil ASA has sold its remaining 5 % stake in block 15/06 off the coast of Angola to Angolan national oil company Sociedade Nacional de Combustíveis de Angola (Sonangol) for US$200 million, according to a statement issued in Oslo. “This sale is part of the continuing process of optimisation of the investment portfolio and is intended to maximise price and focus the group’s activities,” said Tove Stuhr Sjoblom, vice president of Statoil for sub-Saharan Africa.

  • Mozambique auctions off new coal mining licenses

    MAPUTO CITY, 2014/05/14 The Mozambican government next week plans to put new coal mining licenses in Tete province up for auction, followed by oil and natural gas licenses, the country’s Mining Resources Minister said in Maputo. Speaking to financial news agency Bloomberg, Minister Esperança Bias said that “between this week and next week we will start a new auction process and revoke some licenses for which holders did not respect their contractual obligations.” The minister said that the government had been contacted by several companies interested in offshore blocks, “who we have asked to be patient,” but she gave no details about the number of licenses that will be put up for auction.

  • ENI and Anadarko may carry out Mozambican natural gas liquefaction project in partnership

    ITALY, 2014/05/11 Exploration of natural gas in the Rovuma basin in Mozambique may be carried out in partnership by US company Anadarko Petroleum and Italy’s ENI, the chief executive of Mozambican national company Empresa Nacional de Hidrocarbonetos (ENH), Paulino Gregório told Macauhub in Maputo. “Although the ENI group has announced it plans to buy a floating rig for liquefaction of the natural gas in its block this does not mean that it is going along a separate path to US company Anadarko Petroleum in the Rovuma basin projects,” the ENH chief executive said. The recent publication by the ENI group of a tender to hire a company to provide the rig raised questions about the Italian group’s interest in joint development with Anadarko Petroleum of a natural gas liquefaction unit in Palma, northern Mozambique, as had before been announced.
Trending Articles