Angolan

Gemcorp Angola Signs MoU With Ministry of Energy to Establish Platform for Investments in Energy Sector

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금요일, 5월 24, 2024

LUANDA, Angola, May 24, 2024 (GLOBE NEWSWIRE) -- Yesterday, the Ministry of Energy and Water in Luanda signed a memorandum of understanding with Gemcorp Angola.

Key Points: 
  • LUANDA, Angola, May 24, 2024 (GLOBE NEWSWIRE) -- Yesterday, the Ministry of Energy and Water in Luanda signed a memorandum of understanding with Gemcorp Angola.
  • This agreement aims to establish a platform in the country that will facilitate the execution of investments in the energy sector.
  • These initiatives will strategically position Angola as a significant energy exporter to other Southern African countries.
  • The Minister of Energy and Water, João Baptista Borges, and the Secretary of State for Energy, Arlindo Carlos, were also present at the event.

SBM Offshore Full Year 2023 Earnings

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목요일, 2월 29, 2024

As of December 31, 2023 SBM Offshore outperformed with the actual being 1.18 mmscft/d, which is 17% lower compared with 2022.

Key Points: 
  • As of December 31, 2023 SBM Offshore outperformed with the actual being 1.18 mmscft/d, which is 17% lower compared with 2022.
  • Floating offshore wind – SBM Offshore has installed its first commercial pilot project in floating offshore wind.
  • SBM Offshore has scheduled a conference call together with a webcast, which will be followed by a Q&A session, to discuss the Full Year 2024 Earnings release.
  • SBM Offshore designs, builds, installs and operates offshore floating facilities for the offshore energy industry.

Ukraine war: after the shooting stops landmines will keep killing -- as we've seen in too many countries

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수요일, 8월 30, 2023

By the time the shooting stops the UN predicts that Ukraine will be one of the most mine-contaminated countries in the world.

Key Points: 
  • By the time the shooting stops the UN predicts that Ukraine will be one of the most mine-contaminated countries in the world.
  • According to Ukraine’s prime minister, Denys Shmyhal, in March alone, “724 people have been blown up on Russian mines, 226 of them killed”.
  • Landmines also make it very difficult for humanitarian organisations to move relief supplies in areas that may or may not have been cleared.

Case study: Angola

    • This is a humanitarian tragedy that adds to the complexity of post-war development and presents huge environmental problems.
    • For example, during a research trip to Angola in 2019, in Cuito Cuanavale, a town and municipality in Cuando Cubango province, my group of researchers encountered roads that are still inaccessible nearly 40 years after the conflict due to the presence of mines.
    • During our visit, our safest option was flying, an option that is out of reach for most Angolans.

A land contaminated

    • Many of the roughly 14 million people who are displaced and about 8 million who have fled to neighbouring countries will want to return.
    • This will be impossible without surveying the land, getting rid of mines and declaring it safe.
    • Once that is done, the public will need to be educated about the risks of unexploded ordnance.
    • A report on de-mining from international thinktank Globsec has predicted a 45% reduction of arable grain land after two years of war.

Costly legacy

    • As of July 8, the World Bank estimated that mine clearance and mitigation once the war was over would cost more than US$37 billion (£28.5 billion).
    • This is huge – especially when you consider the cost of the continuing humanitarian crises and conflicts in other regions.
    • Recovery will not be complete until these people’s streets and farms are cleared, their livelihoods restored and their children can go to school or play outside without fear of explosions.

SBM Offshore Half Year 2023 Earnings

Retrieved on: 
목요일, 8월 10, 2023

Fleet Uptime – The fleet’s uptime was 99.5%4 in the first half of 2023, in line with historical performance.

Key Points: 
  • Fleet Uptime – The fleet’s uptime was 99.5%4 in the first half of 2023, in line with historical performance.
  • SBM Offshore has scheduled a conference call together with a webcast, which will be followed by a Q&A session, to discuss the Half Year 2023 Earnings release.
  • The live webcast will be available at: Half Year 2023 Earnings Webcast
    A replay of the webcast, which is available shortly after the call, can be accessed using the same link.
  • SBM Offshore designs, builds, installs and operates offshore floating facilities for the offshore energy industry.

Oil drilling threatens the Okavango River Basin, putting water in Namibia and Botswana at risk

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수요일, 8월 2, 2023

In total, the river basin covers 700,000km², encompassing a network of river systems across Angola, Namibia and Botswana.

Key Points: 
  • In total, the river basin covers 700,000km², encompassing a network of river systems across Angola, Namibia and Botswana.
  • The Cubango and Cuito rivers, which originate from the Angolan highlands, join the Okavango River at the border between Angola and Namibia, and flow into the Okavango Delta in Botswana.
  • The Okavango River sustains over half a million people in Namibia and Botswana.

Reasons to worry

    • The current exploration licence in Namibia allows the company to drill exploratory stratigraphic wells.
    • Drilling near the Omatako River in Namibia already endangers the groundwater since the drilling waste fluids have been discarded in unlined pits.
    • This is despite the fact that the lease area includes parts of the Kavango Zambezi Transfrontier Park and the Okavango River.

What we found


    Our study illustrates the possible grim impact of the potential oil and gas extraction operations. This includes possible contamination of:
    • We found that contamination could infiltrate the aquifer system and contaminate the groundwater near the Omatako River.
    • Contaminated groundwater could take three to 23.5 years to reach the Okavango River system via the shallow, sandy aquifer.
    • Contaminated groundwater from proposed drill sites could reach the Okavango Delta even faster along another route: certain geological structures underground.
    • The geological structures in the area are associated with parts of the Earth’s crust that are tectonically active: they might change.

Need to revisit clearance certificate

    • The Namibian government then awarded an updated environmental clearance certificate to the company.
    • Even though there wasn’t enough data to determine the possible groundwater impact, the environmental impact assessment deemed contamination to be negligible.

Gemcorp, Africa Finance Corporation and Afreximbank announce the financial close of Cabinda Oil Refinery with a US$335-million project financing facility

Retrieved on: 
목요일, 7월 13, 2023

LONDON and CAIRO, Egypt and LAGOS, Nigeria, July 13, 2023 (GLOBE NEWSWIRE) -- Gemcorp Holdings Limited (GHL), Africa Finance Corporation (AFC) and African Export-Import Bank (Afreximbank) are pleased to announce the financial close of the Cabinda Oil Refinery in Angola.

Key Points: 
  • LONDON and CAIRO, Egypt and LAGOS, Nigeria, July 13, 2023 (GLOBE NEWSWIRE) -- Gemcorp Holdings Limited (GHL), Africa Finance Corporation (AFC) and African Export-Import Bank (Afreximbank) are pleased to announce the financial close of the Cabinda Oil Refinery in Angola.
  • Other lenders also contributing to the project financing facility include The Industrial Development Corporation (IDC) of South Africa, The Arab Bank for the Economic Development in Africa (BADEA) and Banco de Fomento Angola (BFA).
  • Gemcorp Chief Executive Officer, Atanas Bostandjiev said, “We are extremely excited to be making this investment in the Cabinda Oil Refinery.
  • Africa Finance Corporation (AFC) was established in 2007 to be the catalyst for private sector-led infrastructure investment across Africa.

Painted messages in Angola's abandoned liberation army camps offer a rare historical record

Retrieved on: 
화요일, 7월 11, 2023

On one of them, the fragmented words “IAN NGOYI” recall a figure little-known in Angola but familiar to South Africans: anti-apartheid leader Lilian Ngoyi.

Key Points: 
  • On one of them, the fragmented words “IAN NGOYI” recall a figure little-known in Angola but familiar to South Africans: anti-apartheid leader Lilian Ngoyi.
  • As part of this research I visited some of the sites where liberation soldiers were trained in Angola.
  • The liberation movements looked not only to their own countries’ histories but to earlier struggles in Cuba and Vietnam for ideas and inspiration.
  • The apartheid regime in South Africa, determined to undermine the liberation movements, provided military support to Unita in order to weaken the MPLA.

Places of learning and solidarity

    • Host countries like Angola allowed exiled movements to act, to a certain extent, like enclave governments with state-like powers over their own members.
    • But they were also at the mercy of national and international strategic calculations, without the immediate prospect of returning home in triumph.
    • Camps were places where liberation fighters came into contact with officials and soldiers from their host countries, as well as trainers from Cuba and the Soviet Union.

From King Cetshwayo to Ho Chi Minh

    • South African history appears again with the name of Cetshwayo, the last Zulu monarch to resist the British Empire before conquest.
    • This was likely painted in 1979, the ANC’s “Year of the Spear”, the centenary of the Battle of Isandlwana when Cetshwayo’s army resisted the better-armed British.
    • On a similar building, the letters “…O C… MI…” point to the commemoration of the Vietnamese revolutionary leader Ho Chi Minh.
    • The Angolan ruling party had taken a firm stand against apartheid and Washington saw it as a bridgehead for communist influence.

Southern Africa liberation movements and geopolitics

    • Trenches and the remains of underground bunkers remind us that this was the front line of the MPLA’s war against UNITA.
    • Exiled movements were responsible for their own security within Angola.
    • In their different ways, Camalundu and Caculama provide historians with evidence of liberation struggles and how they were entangled with the international politics of the time.

EQS-News: The Foundation Underpinning Angola’s Oil and Gas Investment Frenzy

Retrieved on: 
금요일, 6월 30, 2023

The country, under the leadership of President João Lourenço and the Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, has built a nearly peerless agenda for making the most of its massive oil and gas reserves (9 billion barrels of oil and 11 trillion cubic feet of natural gas confirmed).

Key Points: 
  • The country, under the leadership of President João Lourenço and the Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, has built a nearly peerless agenda for making the most of its massive oil and gas reserves (9 billion barrels of oil and 11 trillion cubic feet of natural gas confirmed).
  • Combining resource wealth and an enabling environment with a post-COVID uptick in oil prices has set off what can best be described as an investment frenzy in Angolan exploration and production.
  • The country pumps out nearly 2 billion barrels of oil and about 17.9 billion cubic feet of natural gas per day.
  • Diversification, infrastructure development, and fiscal policy improvements are how Angola is working to create an even more attractive investment environment for oil and gas production, infrastructure, and monetization.

African leaders in Sierra Leone played a key role in ending the transatlantic slave trade

Retrieved on: 
화요일, 6월 20, 2023

As a historian focusing on the impact of abolitionism, I have studied this history and the founding of modern Sierra Leone.

Key Points: 
  • As a historian focusing on the impact of abolitionism, I have studied this history and the founding of modern Sierra Leone.
  • Sierra Leone’s role in the story shows, however, to enforce that abolition, the British navy had to rely on the support of African states and polities that had already turned against the slave trade.
  • Africans played an overlooked role in ending the transatlantic slave trade.

The founding of Sierra Leone

    • From 1763 onwards, the number of enslaved people shipped annually from the Sierra Leone coast by British, Portuguese and French traders rarely fell below 1,000 and was often closer to 4,000.
    • And yet from 1808, it was Sierra Leone – rather than one of the other sites of slave trading – that became the site of British anti-slavery operations.
    • This was because by then, Sierra Leone was the site of an established and growing colony made up of members of the black British diaspora, many formerly enslaved.

The settlement grows

    • In 1791, another group arrived in the colony and sought out a new treaty of settlement.
    • A new organisation, the Sierra Leone Company, took over the management of the colony from London.

African role in ending slavery

    • As I found in my research, it was African demand that was shaping the success of the colony and its mission to shift the coast’s commerce away from the slave trade.
    • He also worried that this was happening with “SLC” cloths.
    • And a Susu leader’s deputy launched a verbal attack against the slave traders, telling them:
      It is you slave traders who cause all our palavers.
    • The British based an anti-slave trade naval patrol in the colony, as well as a court for processing captured slave ships.

Conclusion


    There is a misconception that Britain was the first to abolish the slave trade and that it brought enlightened anti-slavery ideas to Africa. This misconception was used to justify the spread of colonial rule in the 19th century. But the history of Sierra Leone shows that, in order to enforce their abolition decrees, the British had to rely on African states and polities that had already turned against the slave trade.

Ivanhoe Mines: United States Announces Support for Development of Lobito Atlantic Railway Corridor at the 2023 G7 Summit

Retrieved on: 
수요일, 5월 24, 2023

The "transformative economic corridor" connects the Angolan port of Lobito to the Democratic Republic of Congo (DRC) Copperbelt.

Key Points: 
  • The "transformative economic corridor" connects the Angolan port of Lobito to the Democratic Republic of Congo (DRC) Copperbelt.
  • The consortium will be responsible for the operation, management and maintenance of the rail infrastructure and rolling stock from the Lobito port to the Angolan-DRC border.
  • Further, on January 27, 2023, the governments of Angola, DRC, and Zambia signed the Lobito Corridor Transit Transport Facilitation Agency Agreement (LCTTFA).
  • The tri-partite LCTTFA aims to coordinate the joint development activities of the Lobito Corridor.