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Local Expos & Events Mining News

Minister Azevedo Invites Investors to Discover Angola’s Resource-Rich Potential

Last week, Angola unveiled 16 prime areas available for mining investments during the “Angolan Mining Business Forum” in Johannesburg, South Africa. The Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, invited investors to witness Angola’s vast potential firsthand, emphasizing the country’s extensive natural resources and attractive business environment. “Come to Angola and see for yourself. We have land, high mining potential, robust infrastructure, an investor-friendly legal and tax system, and a skilled, young workforce

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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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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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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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Oil Local News Petroleum

Sequa Petroleum Secures Approval for Key Stake in Angola’s Offshore Oil Blocks

Sequa Petroleum, a U.K.-based oil and gas company, has received official approval from the Angolan government to acquire significant stakes in three offshore oil blocks. The acquisition includes a 10% interest in Block 15/06, as well as 40% and 35% stakes in Block 23 and Block 27, respectively. In an independent review, Sequa’s share in Block 15/06 was initially estimated to hold around 55 million barrels of recoverable oil as of April 2022. This figure

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Local News Oil

Angola’s Cabinda Refinery Set to Begin Fuel Production in April 2025

Angola’s new Cabinda oil refinery, nearing the completion of its first phase, is scheduled to start fuel production by April 2025. Project leader Atanas Bostandjiev, founder and CEO of Gemcorp, the primary stakeholder, announced that commissioning will take place in January-February, with the first fuel supplies hitting the local market by March-April. Once operational, the refinery will initially process 30,000 barrels per day (bpd) of Angolan crude, provided by national oil company Sonangol, meeting around

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