Vital Industry News
Angola’s Oil Production Expected to Stagnate Amid Global Challenges Angola’s Gas Master Plan Proposal Reviewed by Council of Ministers Shell Approves Final Investment Decision for Nigeria’s Bonga North Deepwater Project Angola’s Oil Production Falls Short of OPEC Targets Amid Structural Challenges Power Outage Leaves 11 Provinces Without Electricity in Angola Alrosa Deputy CEO Vladimir Marchenko Steps Down for New Industry Role Alrosa Forecasts Diamond Market Stabilization Amid Falling Inventories Tunisia Advances Renewable Energy with 500 MW Photovoltaic Projects BP and Kosmos Energy Launch Gas Production from Greater Tortue Ahmeyim Project Galp and Partners Make Significant Discoveries at Mopane-2A Well in PEL83
Local Economy Oil

Angola’s Oil Production Expected to Stagnate Amid Global Challenges

Gas Local News

Angola’s Gas Master Plan Proposal Reviewed by Council of Ministers

Corporate News International News Oil

Shell Approves Final Investment Decision for Nigeria’s Bonga North Deepwater Project

More Angolan Mining News

Local Economy Oil

Angola’s Oil Production Expected to Stagnate Amid Global Challenges

Angola’s oil production is projected to remain steady at 1.173 million barrels per day in…
Gas Local News

Angola’s Gas Master Plan Proposal Reviewed by Council of Ministers

The Draft Gas Master Plan (PDG) was reviewed last Friday during a Council of Ministers…
Corporate News International News Oil

Shell Approves Final Investment Decision for Nigeria’s Bonga North Deepwater Project

Shell, through its Nigerian subsidiary, has finalized its decision to invest in the Bonga North…
Local News Oil

Angola’s Oil Production Falls Short of OPEC Targets Amid Structural Challenges

Angola’s oil production is set to remain below the targets previously set by the Organization…
Local Energy News

Power Outage Leaves 11 Provinces Without Electricity in Angola

A widespread power outage has left 11 provinces in Angola without electricity following an interruption…
Corporate News Diamonds International

Alrosa Deputy CEO Vladimir Marchenko Steps Down for New Industry Role

Alrosa’s deputy CEO, Vladimir Marchenko, is stepping down from his role to pursue a new…
Corporate News Energy International

Egypt and Hynfra Partner on $1.6 Billion Green Ammonia Facility

The General Authority for Investment and Free Zones (GAFI) of Egypt has partnered with Polish company Hynfra to establish a $1.6 billion facility dedicated to green ammonia production. This ambitious project aims to position Egypt as a leader in the global green energy sector. The facility’s first phase, set to launch by 2030, will produce 400,000 tonnes of green ammonia annually. Future phases will scale up production to one million tonnes per year. This initiative

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Corporate News Gas International Oil

BP Expands Operations in Egypt with New Oil and Gas Exploration Focus

BP is set to expand its presence in Egypt by exploring new oil and natural gas opportunities across six concessions, according to Egyptian Prime Minister Mostafa Madbouly. The announcement came during a meeting with BP’s CEO, Murray Auchincloss, where the company reaffirmed its long-term commitment to the country. Madbouly highlighted BP’s 60-year history of operations in Egypt, during which the company has invested a total of $30 billion in developing its energy sector. At the

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Corporate News Diamonds International

De Beers Implements Significant Price Cuts Amid Deep Diamond Market Slump

De Beers, the world’s leading diamond producer, has reduced diamond prices by over 10% in a significant move to address a prolonged market downturn. This marks a shift in the company’s strategy, which previously aimed to stabilize the slumping market by maintaining higher prices. The diamond market is experiencing one of its deepest slumps in decades. Initially triggered by a post-pandemic slowdown, the downturn has been exacerbated by inflation affecting consumer spending, a collapse in

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Local Transport and Logistics

President Biden visits Lobito Atlantic Railway to view copper exports to the USA

Lobito, December 4, 2024 – The President of the United States of America, Joe Biden, visited the Multipurpose Terminal at the Port of Lobito, Angola yesterday, where he watched the arrival of a train operated by the Lobito Atlantic Railway (LAR), transporting copper from the Democratic Republic of Congo (DRC).  The copper was then loaded onto a vessel bound for New Orleans, in the United States, highlighting, once again, the strategic role of the Lobito Corridor in linking Southern

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Corporate News Local Oil

Dangote Group Eyes New Refinery in Angola Following Success of Nigerian Plant

Dangote Group President Aliko Dangote is leveraging the success of his 650,000 barrels-per-day refinery and petrochemical plant in Nigeria to advance discussions with Angolan President João Lourenço about building a new refinery in Southern Africa. The Dangote Refinery and Petrochemical Plant, located at the Lekki Free Trade Zone in Lagos State, is the world’s largest single-train refinery and has already made a significant impact on the African energy sector since it began operations. By reducing

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International Corporate News Oil

Galp Strikes Light Oil and Gas in Namibia’s Orange Basin

Galp, the Portuguese oil and gas company, has discovered light oil and gas condensate during its second exploration and appraisal program in Namibia’s Orange Basin. This discovery, near previous finds by Shell and TotalEnergies, builds on the success of its first campaign in license PEL 83. The Mopane-1A appraisal well, drilled by Saipem’s Santorini drillship, is located in blocks 2813A and 2814B at the heart of the Orange Basin, a rapidly emerging oil and gas

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Corporate News Diamonds Local

AWDC and Angola Partner to Boost Diamond Trade

The Antwerp World Diamond Centre (AWDC) and Angola have signed a Memorandum of Understanding (MoU) aimed at strengthening collaboration in the rough diamond sector. Under the agreement, Antwerp will assist Angola in establishing a Group of Seven (G7) export verification point for rough diamonds. AWDC, which is already working with Botswana on a similar initiative, will provide Angola with technical expertise and guidance on diamond control and certification. “We can provide practical and technical tools

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Corporate News Diamonds International

De Beers Announces 2025 Rough Diamond Sales Schedule

De Beers has unveiled its 2025 sales calendar, maintaining its standard schedule of 10 sights throughout the year. The diamond mining giant primarily sells rough diamonds to sightholders under a contractual system that ensures consistent supply in exchange for purchasing commitments. Recently, De Beers has adapted its approach by allowing sightholders to purchase fewer goods, addressing oversupply concerns and weak market demand. In December 2024, De Beers concluded its final sight of the year with

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International Oil Petroleum

Pricing Conflicts Overshadow Port Harcourt Refinery’s Revival

The recently rehabilitated Port Harcourt Refinery, operational since November 26, 2024, has faced hurdles similar to those affecting Dangote’s refinery, with disputes over fuel pricing threatening its success. Contrary to reports of halted operations, the facility had only scaled down to implement necessary improvements, according to Managing Director Ibrahim Onoja and Executive Director of Operations Moyi Maidunama of the Nigerian Pipeline and Storage Company Limited. During a guided tour, Onoja emphasized that product distribution continues,

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Oil Exploration Gas Local

Shell Returns to Angola with a New Oil Exploration Agreement

Shell has signed a memorandum of understanding (MoU) with Angola’s National Agency for Oil, Gas, and Biofuels (ANPG), marking its return to the country after a 25-year absence. The signing ceremony took place in Luanda on Thursday, with key participants including ANPG Chairman Paulino Jerónimo, Shell Executive Vice-President Eugene Okpere, and Minister of Natural Resources, Oil, and Gas, Diamantino de Azevedo. Minister de Azevedo highlighted the importance of the agreement, attributing it to Angola’s ongoing

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