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International Gas News

Afreximbank and MDGIF Partner to Invest $500 Million in Nigeria’s Gas Infrastructure

Afreximbank, MDGIF Sign $500 Million Deal to Modernize Nigeria’s Gas Infrastructure and Boost Industrialisation The African Export-Import Bank (Afreximbank) and the Midstream and Downstream Gas Infrastructure Fund (MDGIF) have signed a landmark Memorandum of Understanding (MoU) to accelerate the development and modernisation of Nigeria’s gas infrastructure. The agreement was formalised on the sidelines of the Intra-African Trade Fair (IATF2025) by Mrs. Helen Brume, Afreximbank’s Director and Global Head of Project and Asset-Based Finance, and Mr.

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Gas Local News

ANPG Confirms First Gas from Angola’s Offshore Block 1/14 Expected This Year

Angola’s Block 1/14 Set to Deliver First Gas in 2025 Angola’s national oil and gas concessionaire, the National Oil, Gas & Biofuels Agency (ANPG), has announced that first gas from offshore Block 1/14 is expected in 2025. The announcement was made by Paulino Jerónimo, President of ANPG, during the opening day of the Angola Oil & Gas 2025 Conference and Exhibition in Luanda on September 3. “We anticipate first gas from the block this year

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Local News Oil

Angola to Launch 2025 Oil Licensing Round Targeting Kwanza and Benguela Basins

Angola Announces 2025 Oil Licensing Round to Boost Exploration in Kwanza and Benguela Basins Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, has announced that the country’s next oil licensing round will be launched by Q4 2025, offering acreage in the Kwanza and Benguela basins. Speaking during a Ministerial Fireside Chat sponsored by Vitol at the Angola Oil & Gas Conference and Exhibition 2025, Minister Azevedo emphasized that the round is part of

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Local News Oil Partnerships

Namibia Calls for Stronger Angola Partnership to Build Inclusive Energy Future

Namibia Seeks Angola’s Guidance to Unlock Oil and Gas Potential and Drive Regional Energy Growth Maggy Shino, Petroleum Commissioner at Namibia’s Ministry of Mines and Hydrocarbons, underscored the critical role of regional collaboration in shaping Africa’s energy future during the Angola Oil & Gas (AOG) 2025 Conference and Exhibition. Delivering a keynote address on behalf of Kornelia Shilunga, Presidential Special Advisor and Head of the Upstream Petroleum Unit in the Office of the President, Shino

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Expos & Events Local News

Banco BCS, BODIVA and AFC Drive Innovative Financing to Empower Local Energy Companies

Financing Angola’s Energy Future: Banco BCS, BODIVA, AFC and Partners Showcase Funding Solutions for Local Companies Banco BCS-sponsored panel at the Angola Oil & Gas 2025 Conference and Exhibition shed light on the vital role of financing in unlocking opportunities for Angola’s local oil and gas companies. As Angola works to reverse declining oil production and increase the participation of indigenous service providers, the financial sector is stepping up to provide the tools and capital

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Local News Oil

ANPG Revitalizes Angola’s Mature Oilfields with Incremental Production Decree

Angola’s ANPG Boosts Mature Oilfield Output with Tax Incentives Under Incremental Production Decree Angola’s upstream regulator, the National Oil, Gas & Biofuels Agency (ANPG), is taking decisive steps to revitalize production from the country’s mature oilfields through the implementation of the Incremental Production Decree. The policy, designed to unlock untapped opportunities in long-producing fields, offers a suite of fiscal and tax incentives aimed at sustaining national oil production above one million barrels per day. Speaking

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Energy Corporate News Local News

Sonangol to Deploy Over 100 Electric Vehicle Charging Points by 2028 as Part of Angola’s Energy Transition

Sonangol Unveils Plan for 100+ EV Charging Points and Solar Expansion to Drive Angola’s Energy Transition Angola’s national oil company, Sonangol, has announced plans to deploy more than 100 Electric Vehicle Charging Points (EVCP) across the country by 2028, reinforcing its commitment to the nation’s energy transition strategy. The announcement was made during a Sonangol-sponsored pre-conference workshop led by Jelson Pereira, Head of the Operational Management of Energy Assets Department at Sonangol Gas and Renewable

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International Diamonds News

Lesotho Prime Minister Launches Strategy to Revive Diamond Sector and Tap Rare Earth Minerals

Lesotho Unveils Dual Mining Strategy: Stabilizing Diamonds While Exploring Rare Earth Potential The global diamond market may be under strain, but the Kingdom of Lesotho is charting a bold path forward. Speaking at the Africa Down Under conference in Perth, Prime Minister Sam Matekane unveiled a dual-track mining strategy aimed at stabilizing the country’s diamond sector while opening a new frontier in rare earth elements (REEs). Matekane acknowledged that the diamond industry is going through

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International Gold News

Morocco’s Guelmim Gold Discovery Poised to Transform Country into Major African Producer

Morocco Strikes High-Grade Gold in Guelmim, Set to Boost Africa Mining Profile Morocco is taking a decisive step toward joining Africa’s leading gold producers after confirming the discovery of high-grade gold deposits in its southern Guelmim region. The find has energized the country’s mining sector and raised Morocco’s profile on the continent’s resource stage. Mining company OLAH Palace Trading reported significant gold deposits within quartz veins at its Guelmim project, according to African Mining Market.

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International News Oil

IOC Shifts Oil Purchases from U.S. to West Africa and Middle East

Indian Oil Corporation Buys Nigerian and Middle Eastern Crude, Skips U.S. Oil Amid Global Market Shifts Indian Oil Corporation (IOC), the country’s largest state-owned refiner, has adjusted its crude procurement strategy in recent weeks, opting against U.S. supplies and turning instead to West African and Middle Eastern grades. Trade sources confirmed on Friday that IOC secured two million barrels of West African crude and one million barrels of Middle Eastern crude, underscoring both geopolitical considerations

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