Vital Industry News
AfDB Supports Zambia’s Ilute Solar Project with $8 Million Concessional Loan African Development Bank Approves $54 Million Loan for Mozambique’s First Utility-Scale Wind Farm Halliburton to Complete Four Deep-Water Gas Wells in Egypt by November Egypt and Eni Discuss Strategies to Boost Gas Production Amid LNG Market Shift Turkey and Senegal Strengthen Energy Ties with New Memorandum of Understanding Angola Seizes Over 443,000 Liters of Smuggled Fuel Nigeria and Morocco Reach Key Milestone in $25 Billion African Atlantic Gas Pipeline Project Dangote Refinery Warns of Substandard Fuel Imports Amid Regulatory Gaps in Nigeria Botswana’s New President Prioritizes Swift Conclusion of De Beers Diamond Deal Petrobras Considers Return to Angola in Talks with Mineral Resources Minister
International News Renewable Energy

AfDB Supports Zambia’s Ilute Solar Project with $8 Million Concessional Loan

International Energy News

African Development Bank Approves $54 Million Loan for Mozambique’s First Utility-Scale Wind Farm

International Gas News

Halliburton to Complete Four Deep-Water Gas Wells in Egypt by November

More Angolan Mining News

International News Renewable Energy

AfDB Supports Zambia’s Ilute Solar Project with $8 Million Concessional Loan

The African Development Bank Group (AfDB) has approved an $8 million concessional loan to support…
International Energy News

African Development Bank Approves $54 Million Loan for Mozambique’s First Utility-Scale Wind Farm

The African Development Bank's Board of Directors has approved a $54 million loan to finance…
International Gas News

Halliburton to Complete Four Deep-Water Gas Wells in Egypt by November

Halliburton, the American oil and gas company, is set to finish drilling four deep-water natural…
Gas International News

Egypt and Eni Discuss Strategies to Boost Gas Production Amid LNG Market Shift

Egypt's President Abdel Fattah al-Sisi met with Eni's CEO Claudio Descalzi to explore strategies for…
International Energy

Turkey and Senegal Strengthen Energy Ties with New Memorandum of Understanding

Following a meeting between Turkey’s President Recep Tayyip Erdogan and Senegal’s newly elected President Bassirou…
Local News Petroleum

Angola Seizes Over 443,000 Liters of Smuggled Fuel

Angolan authorities arrested 34 individuals and seized nearly 443,000 liters of fuel in an intensive…
International News Renewable Energy

AfDB Supports Zambia’s Ilute Solar Project with $8 Million Concessional Loan

The African Development Bank Group (AfDB) has approved an $8 million concessional loan to support the 25 MW Ilute Solar Photovoltaic (PV) power plant in Zambia’s Sesheke District. This funding comes from the Sustainable Energy Fund for Africa (SEFA), a multi-donor Special Fund managed by AfDB, which aims to promote sustainable energy projects across the continent. Led by Serengeti Energy Ltd. and Western Solar Power Ltd., the Ilute Solar PV project will boost Zambia’s renewable

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International Energy News

African Development Bank Approves $54 Million Loan for Mozambique’s First Utility-Scale Wind Farm

The African Development Bank’s Board of Directors has approved a $54 million loan to finance a 120 MW onshore wind farm in Mozambique, positioning the country as a regional energy hub. This loan includes $12 million from the Sustainable Energy Fund for Africa (SEFA) and is part of a larger financing package that will involve contributions from the International Finance Corporation (IFC), U.S. International Development Finance Corporation (DFC), the Emerging Africa and Asia Infrastructure Fund

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International Gas News

Halliburton to Complete Four Deep-Water Gas Wells in Egypt by November

Halliburton, the American oil and gas company, is set to finish drilling four deep-water natural gas wells in Egypt by the end of November. The drilling project encompasses two wells in the Burullus gas field, located in the West Nile Delta, and two in BP’s Raven gas field near Alexandria. An official confirmed that Halliburton has already successfully connected one of the Burullus wells to production as part of the 10th phase of the project.

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Gas International News

Egypt and Eni Discuss Strategies to Boost Gas Production Amid LNG Market Shift

Egypt’s President Abdel Fattah al-Sisi met with Eni’s CEO Claudio Descalzi to explore strategies for enhancing gas production, particularly in light of Egypt’s transition to the liquefied natural gas (LNG) market to satisfy domestic demand, according to reports from the Italian energy group. After the discovery of the massive Zohr offshore gas field in 2015, Egypt aimed to become a significant gas exporter. However, domestic gas production has declined since 2021, reaching a six-year low

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International Energy

Turkey and Senegal Strengthen Energy Ties with New Memorandum of Understanding

Following a meeting between Turkey’s President Recep Tayyip Erdogan and Senegal’s newly elected President Bassirou Diomaye Faye, the two nations have formalized a memorandum of understanding focused on energy and hydrocarbons, as announced by Turkish Energy Minister Alparslan Bayraktar on social media. The agreement entails collaboration in oil and natural gas exploration, production, and trade, with Turkey set to assist in seismic exploration activities both onshore and offshore in Senegal. The deal also encompasses initiatives

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Local News Petroleum

Angola Seizes Over 443,000 Liters of Smuggled Fuel

Angolan authorities arrested 34 individuals and seized nearly 443,000 liters of fuel in an intensive 20-day crackdown on smuggling, resulting in an estimated loss of 111 million kwanzas for the State. Deputy Commissioner Mateus Rodrigues, spokesperson for the Angolan National Police, disclosed these details at a press conference in Zaire on Friday. The operations, conducted between October 8 and 28, involved the Border Guard Police and Customs Police. Officials reported intercepting 462,449 liters of fuel,

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Gas International News

Nigeria and Morocco Reach Key Milestone in $25 Billion African Atlantic Gas Pipeline Project

Nigeria’s National Petroleum Company Limited (NNPCL) and Morocco’s Office National des Hydrocarbures et des Mines (ONHYM) have achieved a significant milestone in advancing the African Atlantic Gas Pipeline (AAGP) project, also known as the Nigeria-Morocco Gas Pipeline. The $25 billion initiative has now entered the land acquisition and resettlement phase, marking a critical step toward transforming the region’s energy infrastructure. Mele Kyari, Group Chief Executive of NNPCL, lauded the progress, attributing it to robust regional

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International Corporate News Petroleum

Dangote Refinery Warns of Substandard Fuel Imports Amid Regulatory Gaps in Nigeria

Nigeria’s Dangote Refinery has raised concerns over the influx of substandard petroleum products entering the country, highlighting the lack of adequate testing facilities by the Nigerian oil regulator. According to Dangote, these low-quality products, which include fuel and vehicle parts, are allegedly being imported by marketers in partnership with international traders. The Punch recently reported that petroleum marketers accused the Dangote Refinery of setting higher petrol prices than imported alternatives, stating that Dangote charges bulk

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Diamonds International News

Botswana’s New President Prioritizes Swift Conclusion of De Beers Diamond Deal

Botswana’s newly elected President, Duma Boko, announced on Friday his intent to finalize negotiations for a new diamond sales agreement with De Beers as soon as possible. De Beers, a subsidiary of Anglo American, had previously agreed to a deal that would gradually increase Botswana’s share of diamonds from the Debswana joint venture to 50% over the next decade. Currently, Debswana, co-owned by Botswana and De Beers, supplies 75% of its diamond output to the

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Local Corporate News Gas Oil

Petrobras Considers Return to Angola in Talks with Mineral Resources Minister

Petrobras may soon resume operations in Angola, following discussions held this Monday between Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, and a delegation from the Brazilian state-owned oil company led by Sylvia dos Anjos, Executive Director of Exploration and Production. The meeting, held on the sidelines of the Africa Energy Week conference in Cape Town, South Africa, explored the potential for Petrobras to re-enter Angola’s energy market, which both parties described as

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