Vital Industry News
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 Angola Leads African Rare Earth Surge with $165 Million Investment in Longonjo Project Burkina Faso Mining Development Fund Raises CFA85.7 Billion in 2025 Chinese Investors Dominate $21.8 Billion in Proposed Investments in Angola TotalEnergies Restarts Production at Libya’s Mabruk Oil Field After 11-Year Shutdown
International Gas News

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

Corporate News International Oil Petroleum

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

Corporate News Gold International

Ghana’s Damang Gold Mine Transitions to Local Ownership Under Engineers and Planners

More Angolan Mining News

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 Gold International

Ghana’s Damang Gold Mine Transitions to Local Ownership Under Engineers and Planners

Ghana’s Damang Mine Set for Local Takeover as Engineers and Planners Prepares Operations Ghana’s mining…
Corporate News International Mining Personality

Chevron Appoints Emmanuelle Garinet to Lead Exploration in the Americas and Africa

Chevron Names Emmanuelle Garinet Director of Exploration for the Americas and Africa Energy supermajor Chevron…
Corporate News Local Oil

Angola’s Cabinda Refinery Nears Production Start Following Ministerial Inspection

Cabinda Refinery Prepares for Petroleum Production After Ministry Inspection A delegation from the Ministry of…
Local Economy Gas News

Angola Begins Gas Exports from Quiluma Field with 150 Million Cubic Feet per Day

Angola Launches Gas Exports from Quiluma Field, Boosting Energy Diversification The National Agency of Petroleum,…
Corporate News International Oil

Dangote Refinery’s Price Cuts and Expansion Set to Reshape Nigeria’s Fuel Market

Late last year, the Dangote Refinery disrupted Nigeria’s oil market by reducing petrol prices, triggering fluctuations as fuel marketers adjusted to the shift brought by the world’s largest single-train refinery. During the festive season, the refinery lowered the ex-depot price of Premium Motor Spirit (PMS) to N899.50 per liter, down from N970 in November. More recently, two weeks ago, Dangote Refinery announced another reduction, lowering its retail price from N950 to N890 per liter, easing

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International Corporate News Oil

Dangote Pushes for Sugar Self-Sufficiency Amid Battle Against Oil Imports

Africa’s richest man, Aliko Dangote, continues his push for Nigeria’s economic self-sufficiency, expanding his efforts from oil to sugar. Dangote recently announced plans to end sugar importation, committing $700 million to boost domestic production. Speaking at the 14th Gateway International Trade Fair in Abeokuta, Ogun State, during “Dangote Special Day,” Dangote’s representative, Tunde Mabogunje, Regional Director of Lagos/Ogun Dangote Cement, emphasized the company’s commitment to the Sugar Backward Integration Plan. “We are actively executing the

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International Economy News

Namibia Braces for Economic Impact Amid U.S.-South Africa Tensions

Namibia’s central bank governor, Johannes !Gawaxab, has warned that rising tensions between the United States and South Africa could destabilize Namibia’s economy. Given Namibia’s strong economic ties with both nations and its currency peg to the South African rand, any volatility in the rand could have direct repercussions, Bloomberg reported. On February 7, former U.S. President Donald Trump issued an executive order freezing all U.S. aid to South Africa, citing alleged human rights violations linked

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International News Oil

Africa Energy Bank Set to Launch in Early 2025

The long-awaited Africa Energy Bank (AEB) is set to launch in the first quarter of 2025, according to Nigeria’s Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri. The bank aims to finance oil and gas projects while supporting Africa’s energy transition, with a long-term goal of reaching a $120 billion asset base. Originally scheduled to begin operations in January 2025, AEB is a joint initiative between Afreximbank and the African Petroleum Producers Organization (APPO).

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Corporate News Diamonds International

Lucara Sells 549 ct Sethunya and 1 080 ct Eva Star Diamonds for $54 Million

Lucara Diamond Corp has sold the 549-carat Sethunya and the 1,080-carat Eva Star diamonds—both recovered from its Karowe mine in Botswana—for a total of $54 million. The Sethunya, discovered in 2021, and the Eva Star, recovered in 2023, highlight the consistent production of large, high-quality diamonds from the South Lobe of the Karowe kimberlite. Lucara affirms that these exceptional stones reinforce Karowe’s reputation as one of the world’s premier sources of high-value diamonds. “The sale

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International Gas News

Hilong Offshore Engineering Wins $54.76 Million Congo LNG Contract

Chinese engineering firm Hilong Offshore Engineering has secured a $54.76 million contract with energy giant Eni for the second phase of the Republic of Congo’s first LNG project, Congo LNG. The contract covers transportation and installation of two wellhead platforms at the Marine XII block, near the operational Nene and Litchendjili fields. Work is scheduled to begin in June 2025, with operations set to start in November 2025. The two wellhead platforms will extract gas

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Gas Local News

Angola’s LPG Supply Grows 15% in Q1 2024, Driven by Angola LNG Plant

Angola introduced 140,185 metric tons of Liquefied Petroleum Gas (LPG) to the domestic market in the first quarter of 2024, marking a 15% increase compared to the previous quarter. Of this, 68% of the supply came from the Angola LNG plant. During a presentation on the oil derivative market’s Q1 2024 results, Angola’s downstream regulator, Instituto Regulador dos Derivados do Petroleo (IRDP), highlighted positive market growth in Q4 2024, with 1.3 million metric tons acquired

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Local Economy News

Angola and Turkey Strengthen Bilateral Ties Ahead of Joint Economic Commission Session

Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, met with Ufuk Akici, the Ambassador of Turkey to Angola, to discuss preparations for the 3rd session of the Joint Economic Commission of Angola-Turkey. The upcoming session will focus on key issues aimed at enhancing collaboration in sectors such as mining and petroleum. Ambassador Akici emphasized the significance of the upcoming session, viewing it as a crucial step in advancing negotiations and strengthening bilateral ties

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Corporate News Gas Local

Azule Energy Achieves Key Milestone in Angola’s First Non-Associated Gas Development

Azule Energy announced the successful completion of the Quiluma and Maboqueiro offshore platforms this Tuesday, marking a significant step toward the production of “Made in Angola” gas. This achievement is described as a crucial element of the New Gas Consortium (NGC) project and represents a key milestone in Angola’s first non-associated gas development, according to a statement sent to VerAngola. Alister Forder, Azule Energy’s Operations Director, emphasized the importance of this success, noting that the

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Local News Oil

Angola Inaugurates High-Performance Oil Center to Boost Industry Innovation

A state-of-the-art oil performance center officially opened its doors on Tuesday in Luanda, marking a significant development for Angola’s oil industry. The initiative, led by Internacional de Tecnologias (SLB), was inaugurated by Diamantino Azevedo, Angola’s Minister of Mineral Resources, Oil, and Gas. The center’s primary objective is to enhance the efficiency of Angola’s oil sector, focusing particularly on the challenges faced by mature oil fields. In his speech, Minister Azevedo emphasized the vital role the

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