Oil & Gas - Copperbelt Katanga Mining

Perenco Oil Company DRC | A Brief Profile

May 20, 2020May 24, 2020 arnbethnic

Perenco is currently the only oil company operating in the Democratic Republic of the Congo (DRC). Since 2000, the company has invested heavily in new wells and has demonstrated on a daily basis the know-how and ingenuity of its teams in a very isolated context. Production 2018 25,000 BOEPD Activities Perenco operates 11 fields onshore and offshore in the DRC with an average production of 25,000 boepd. The onshore drilling programme started in 2002 and allowed the commissioning of about 25 wells per year. The total gross production is… Read More Here

Oil & Gas Petroleum

Angola’s new budgetary restrictions underline government’s determination to support OPEC

May 13, 2020May 13, 2020 arnbethnic

Angola’s minister of finance H.E Vera Daves signed on April 22nd a ministerial order suspending the implementation of all contracts signed under the Public Investment Programme whose source of funding has not yet been definitively secured. This is one of a number of emergency measures, including a freeze in public sector hiring that was announced in recent weeks in response to the oil price crash and the expected reduction in government revenue for 2020. Minister Daves’ order is in line with Presidential Decree no. 96/20 of April 9th which declared… Read More Here

Cobalt Oil & Gas

How cobalt can help produce hydrogen for clean fuel

February 25, 2020February 25, 2020 Copperbelt Katanga News

A research team from the Tokyo Institute of Technology created the first visible-light photoanode made of titanium dioxide or TiO2 enhanced with cobalt. The anode is a key element needed to achieve affordable water splitting to produce hydrogen, a clean alternative to fossil fuel. In a paper published in the journal ACS Applied Materials & Interfaces, the researchers explain that photo electrochemical water splitting, the process by which light energy is used to split water molecules into hydrogen and oxygen is a promising approach to obtain pure hydrogen for use as… Read More Here

Oil & Gas

Somalia ratifies petroleum law

February 10, 2020February 11, 2020 Copperbelt Katanga News

Somalian President Mohamed Abdullahi Farmajo had ratified the country’s first petroleum law in the modern era in Mogadishu last Saturday. The legislative process, having earlier been approved by the upper and lower houses of the federal parliament, is now complete. “The petroleum law demonstrates the capacity of the Somalian people to unite in an historic effort to work together to build an equitable, prosperous and peaceful nation. In supporting this law, our democratic institutions have renewed their commitment to work for all Somalis and advance the cause of continued… Read More Here

Mining in DRC Oil & Gas

DRC Seeks To Seize 2 Oil Licenses From Israeli Billionaire

January 11, 2020January 11, 2020 arnbethnic

The Democratic Republic of Congo is considering taking over two oil licenses from an Israeli billionaire who is under U.S. sanctions for corrupt deals, and sell the exploration blocks to another operator, Bloomberg reports, quoting people familiar with the talks. Israeli businessman and billionaire Dan Gertler, whose companies hold the licenses for exploring for oil on two blocks in Congo close to the border with Uganda, was sanctioned by the U.S. Treasury in December 2017. Gertler “has amassed his fortune through hundreds of millions of dollars’ worth of opaque and… Read More Here