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Diamonds Local News

Angolan Minister Explores De Beers’ Offshore Diamond Exploration in South Africa

Diamantino Azevedo, Angola’s Minister of Mineral Resources, Petroleum, and Gas, along with his accompanying delegation, visited De Beers in South Africa to witness the company’s offshore diamond exploration operations. The visit allowed Angolan officials to gain valuable insights into De Beers’ exploration and extraction technologies, as well as the advantages and challenges of offshore diamond mining, according to a press release from the Ministry. The visit provided an opportunity for Minister Azevedo and officials from

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Local Expos & Events News

Angola Showcased Mining Potential at Mining Indaba 2025

Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, reaffirmed the country’s strong investment potential, highlighting its geological wealth, infrastructure, and modern laboratories. Speaking at Mining Indaba 2025 in Cape Town, South Africa, Azevedo emphasized Angola’s stability and investor-friendly mining legislation. Azevedo stated that Angola had all the necessary conditions for investors, citing a major geological data acquisition program conducted in previous years. He underscored the government’s efforts to attract responsible and sustainable mining

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International Gas News

Nigeria, Algeria, and Niger Advance Trans-Saharan Gas Pipeline Project

Nigeria, Algeria, and Niger have signed key agreements to accelerate the development of the Trans-Saharan Gas Pipeline (TSGP), a project aimed at boosting gas exports to Europe. Officials from the three countries finalized the agreements during a project meeting in Algiers on February 11, 2025. President Bola Tinubu’s Special Assistant on Social Media, Dada Olusegun, confirmed the signing, noting that energy companies from all three nations were involved. The agreements cover: A Strategic Pipeline for

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International News Oil

Nigeria Reaches OPEC’s 1.5 Million Bpd Target for the First Time

Nigeria has met OPEC’s 1.5 million barrels per day (bpd) production target for the first time since the quota was established during the November 2023 ministerial meeting. According to the News Agency of Nigeria (NAN), OPEC’s monthly oil market report recorded a 54,000 bpd increase from December 2024, when Nigeria’s output stood at 1.485 million bpd. Despite falling short of its target for over a year, OPEC extended Nigeria’s production quota until 2026 in December

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International Gas News Oil

Mozambique Strengthens Commitment to Oil and Gas Expansion

Mozambique has reaffirmed its commitment to maximizing oil and gas exploration as a catalyst for industrialization and economic growth. Speaking at the Invest in African Energies: Mozambique Roundtable in Maputo, Florival Mucave, Chairman of the Mozambique Energy Chamber, underscored the country’s dedication to harnessing its energy resources for national development. “Our strategy as a developing nation is to ‘Drill, Baby, Drill’—maximizing exploration and production to drive industrialization and economic progress,” Mucave stated. He emphasized that

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Local News Oil Petroleum

Angola’s Petroleum Derivatives Market Records $756 Million in Fuel Acquisitions in Q4 2024

Angola’s petroleum derivatives market acquired approximately 1,316,697 metric tons (MT) of fuel for commercialization in the fourth quarter of 2024. Of this total, 60% was diesel, 27% gasoline, 5.3% fuel oil, 5.2% Jet A1, 1% asphalt bitumen, and 0.8% illuminating kerosene. These figures were presented on Thursday by Luís Fernandes, Director-General of the Petroleum Derivatives Regulatory Institute (IRDP), during a review meeting on sector activities. He noted that liquid fuel acquisitions came from the Luanda

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Oil Exploration Local News

Angola Offers Marginal Fields for Exploration to Attract New E&P Firms

Angola’s National Oil, Gas & Biofuels Agency (ANPG) is offering five marginal fields for exploration, alongside 24 other block opportunities. Located in operated blocks with competitive fiscal terms, these fields present an accessible entry point for smaller exploration and production (E&P) firms aiming to expand or enter the region. The sixth edition of Angola Oil & Gas (AOG), scheduled for September 3-4, 2025, in Luanda, will spotlight Angola’s marginal field opportunities. The event will bring

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Local News Transport and Logistics

Angola President Inaugurates Barra do Dande Ocean Terminal’s First Phase

Angolan President João Lourenço has inaugurated the first phase of the Barra do Dande Ocean Terminal, a major development in the country’s oil and gas logistics infrastructure. The terminal will bolster Angola’s energy trade and enhance national oil company Sonangol’s fuel storage capacity. The terminal features 29 storage tanks with a combined capacity of 580,000 cubic meters for gasoline, diesel, and gas. A 1,700-meter jetty allows the facility to accommodate large vessels. A second phase

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International News Oil

Egypt Approves $225 Million Petroleum Concession Agreements

The Egyptian Cabinet has approved five petroleum concession agreements involving the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), Ganoub El Wadi Petroleum Holding Company (GANOPE), and several international energy firms. These agreements commit a minimum investment of $225.3 million and include plans to drill at least 40 wells for natural gas and crude oil exploration. Global energy companies continue to expand their presence in Egypt, aiming to boost production and

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International Gold News

Mali’s Gold Production Drops 23% Amid Government-Miner Dispute

Mali’s industrial gold production fell 23% in 2024, dropping to 51 metric tons from 66.5 tons in 2023, according to the country’s mines ministry. This marks the first time in over three years that output has fallen below 60 tons. Mali, one of Africa’s top gold producers, hosts industrial operations run by major international companies, including Barrick Gold, B2Gold Corp, Resolute Mining, and Hummingbird Resources. However, tensions between the government and mining firms have contributed

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