Vital Industry News
Shell Confirms Sale of South African Downstream Assets After 120 Years in Fuel Retail Africa’s Power Sector Draws $13.8B in Investments, but Execution Gap Remains a Challenge Gem Diamonds Swings to Loss Amid Weak Diamond Market and Letšeng Impairment Lucara Unearths High-Quality Blue Diamond at Karowe Mine Africa Positions Itself as Key LNG Supplier to Europe Amid Global Energy Shifts Nigeria’s Petrol Imports Plunge as Dangote Refinery Dominates Local Supply Ghana’s Damang Gold Mine Transitions to Local Ownership Under Engineers and Planners Chevron Appoints Emmanuelle Garinet to Lead Exploration in the Americas and Africa Angola’s Cabinda Refinery Nears Production Start Following Ministerial Inspection Angola Begins Gas Exports from Quiluma Field with 150 Million Cubic Feet per Day
International Corporate News Oil

Shell Confirms Sale of South African Downstream Assets After 120 Years in Fuel Retail

International Energy News

Africa’s Power Sector Draws $13.8B in Investments, but Execution Gap Remains a Challenge

Corporate News Diamonds International

Gem Diamonds Swings to Loss Amid Weak Diamond Market and Letšeng Impairment

More Angolan Mining News

International Corporate News Oil

Shell Confirms Sale of South African Downstream Assets After 120 Years in Fuel Retail

Shell Moves Forward with Sale of South African Downstream Assets, Ending Century-Long Petrol Station Operations…
International Energy News

Africa’s Power Sector Draws $13.8B in Investments, but Execution Gap Remains a Challenge

Africa’s Energy Deals Reach $13.8B in 2025, Highlighting Need for Bankable Clean Energy Projects Africa’s…
Corporate News Diamonds International

Gem Diamonds Swings to Loss Amid Weak Diamond Market and Letšeng Impairment

Gem Diamonds Reports $104M Loss as Letšeng Diamond Mine Impairment and Weak Diamond Prices Hit…
Corporate News Diamonds International

Lucara Unearths High-Quality Blue Diamond at Karowe Mine

Lucara Recovers Rare 36.92-Carat Blue Diamond from Karowe Mine in Botswana Lucara Diamond Corp has…
International Gas News

Africa Positions Itself as Key LNG Supplier to Europe Amid Global Energy Shifts

Africa Expands LNG Exports to Europe as Demand Rises Amid Energy Supply Uncertainty Africa is…
Corporate News International Oil Petroleum

Nigeria’s Petrol Imports Plunge as Dangote Refinery Dominates Local Supply

Nigeria Cuts Petrol Imports as Dangote Refinery Meets 92% of Fuel Demand Nigeria recorded a…
Corporate News Diamonds Local

Saudi Arabia’s Taaden Replaces Alrosa in Angola’s Diamond Sector

The exit of Russian diamond company Alrosa from Angola’s Catoca and Luele mines was officially finalized on Monday through the signing of three agreements between Endiama, Angola’s national diamond company, and Taaden, a state-owned mining company from Saudi Arabia. Endiama Chairman José Ganga Júnior explained that Alrosa’s departure was driven by operational difficulties stemming from sanctions imposed on Russia. Over the past 15 months, efforts were made to secure a viable solution for Catoca and

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Local Exploration News Oil

Angola and Vietnam Strengthen Oil Exploration Efforts in Etosha Okavango Basin

Angola’s National Agency for Petroleum, Gas, and Biofuels (ANPG) has signed a memorandum of understanding (MoU) with Vietnamese company Xuan Thiên Group (XTG) to explore the oil potential of the Etosha Okavango Basin. The agreement, signed in Luanda, marks a significant step toward assessing the region’s hydrocarbon resources. Key Highlights of the Agreement 🔹 Exploration Scope: The study will cover approximately 300,000 square kilometers in the Etosha/Okavango Basin.🔹 Seismic Data Acquisition: The project includes obtaining

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International Corporate News Exploration Oil

Pancontinental Invests Over $5M in Namibia’s PEL 87 Exploration

Pancontinental has invested more than $5 million in the exploration of PEL 87 in Namibia’s Orange Basin during the first licence period. Awarded in early 2018, PEL 87 is a joint venture permit covering 10,970 km², with an eight-year exploration term divided into three periods, plus possible extensions. It can be converted into a production licence under pre-agreed terms. The permit is currently in its first additional exploration phase. Located on-trend with major hydrocarbon discoveries

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Corporate News Local News Oil

Afentra in Talks to Acquire Angolan Oil Blocks from Etu Energias

Afentra plc has confirmed ongoing negotiations to acquire interests in Blocks 3/05 and 3/05A from Etu Energias, though a final agreement is not yet guaranteed. The company intends to finance the acquisition using existing cash reserves, pending regulatory and government approvals. In collaboration with Sonangol and joint venture partners, Afentra is developing a strategic plan to boost production, expand reserves, and maximize asset value in these blocks. As an upstream oil and gas company, Afentra

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Oil Gas

Libya Opens First Licensing Round Since 2007 to Attract Global Investors

Libya has launched its first open licensing round in nearly two decades, offering 22 blocks for oil and gas exploration and development. The National Oil Corporation (NOC) is making available 11 offshore and 11 onshore acreages, with estimated undeveloped discoveries containing at least 2 billion barrels of oil equivalent (BBOE) in hydrocarbon resources. To streamline the bidding process, NOC has compiled extensive geological and geophysical datasets using advanced digital tools. Libya is estimated to hold

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Energy

Egypt and Norway Strengthen Energy Cooperation Advancing Green Ammonia Project

Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi met with Norway’s Ambassador to Egypt Hilde Klemetsdal and Terje Pilskog, CEO of Norwegian renewable energy company Scatec, to discuss expanding cooperation in green energy. The talks focused on Scatec’s ongoing green ammonia production project in Damietta Governorate, which utilizes green hydrogen to support Egypt’s transition to sustainable energy. Badawi highlighted the strong partnership between Egypt and Norway emphasizing Norway’s advanced technologies and their role in

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International Energy

Ghana and Japan Sign $13.44 Million Grant to Boost Power Stability in Tamale

Ghana and Japan have signed a $13.44 million grant agreement to improve electricity supply stability in Tamale and surrounding areas. The grant will fund the construction of a primary power substation, along with a control room, transformers, and sub-transmission lines, to enhance electricity distribution in the region. The two-year project will be overseen by the Northern Electricity Distribution Company (NEDCo). Finance Minister Dr. Cassiel Ato Baah Forson signed the agreement on behalf of Ghana, while

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Oil International News

Libya’s Mabruk Oilfield Resumes Production After a Decade

Mabruk Oil Operations has restarted production at Libya’s Mabruk oilfield after a ten-year shutdown, the Tripoli-based Government of National Unity (GNU) announced on Wednesday, March 12, 2025. Production resumed on Sunday at an initial rate of 5,000 barrels per day (bpd), with plans to increase output to 7,000 bpd by the end of March and 25,000 bpd by July. To enhance operational efficiency, operators began transferring crude to the nearby Al-Bahi field on Tuesday, strengthening

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Diamonds International News

Namibia Faces N$6 Billion Drop in Diamond Tax Revenue Amid Market Slump

The Namibia Revenue Agency (NamRA) anticipates a N$6 billion decline in tax revenue from the diamond sector this year due to weak global prices. NamRA Commissioner Sam Shivute attributed the shortfall to the struggling diamond market but highlighted that increased tax collections from the mining, fishing, and tourism sectors had helped mitigate the impact. “We have collected N$83 billion for the 2024/2025 financial year. Despite losing N$6 billion in diamond tax revenue, we are still

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Local Gold Mining

Angola Warns Gold Miners in Cabinda Over Non-Compliance

Most mining companies operating in Angola’s Cabinda province, particularly in the gold sector, risk losing their exploration licenses due to non-compliance with government regulations, warned Angola’s Secretary of State for Mineral Resources, Jânio Corrêa Víctor, on Saturday. Speaking to the press during a two-day working visit to Cabinda, Víctor revealed that out of 11 licensed gold projects in the province, only one has delivered tangible results, while the rest remain inactive. He noted that Angola

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