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International News Oil

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

18, February, 202518, February, 2025

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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Diamonds Corporate News International

De Beers and Botswana Finalize Diamond Sales Agreement Amid Tax Controversy

18, February, 202518, February, 2025

After more than five years of negotiations, De Beers and the Botswana government have concluded discussions on a new rough diamond sales agreement. However, the deal has yet to be signed. Botswana’s Minister of Minerals and Energy, Bogolo Kenewendo, expressed hope that this would happen later in February, a sentiment met with a nod from De Beers CEO Al Cook at a press briefing on February 3. The only remaining step is the formal issuance

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Corporate News Diamonds International

Petra Diamonds Appoints Interim CEOs Amid Financial Restructuring

17, February, 202517, February, 2025

Independent mining group Petra Diamonds has appointed Vivek Gadodia and Juan Kemp as interim CEOs following the immediate resignation of Richard Duffy by mutual agreement. Gadodia will oversee corporate matters, while Kemp will manage operational affairs. However, neither will be appointed as directors at this stage. Gadodia, who joined Petra in 2021, has held roles including Planning and Corporate Planning Executive and Chief Restructuring Officer. Previously, he spent 15 years at Sasol in engineering, project

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International Gas News Oil

Mozambique Strengthens Commitment to Oil and Gas Expansion

14, February, 202514, February, 2025

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 Corporate News Oil

Petrobras Expands African Presence and Eyes Angola for New Oil Exploration

11, February, 202511, February, 2025

Brazilian oil giant Petrobras is actively exploring new opportunities in Angola following its return to African oil exploration via São Tomé and Príncipe in 2023. The company confirmed to Lusa that it continuously evaluates strategic areas to replenish reserves and maximize profitability. Petrobras is particularly interested in oil basins along Africa’s Atlantic coast, including Angola, due to their geological similarities with Brazil’s Campos, Santos, and Pelotas basins. In February 2024, Petrobras acquired three exploratory blocks

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Local News Oil Petroleum

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

11, February, 202511, February, 2025

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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Local Corporate News Transport and Logistics

Africell Expands Digital Services in Angola Through Lobito Corridor

11, February, 202511, February, 2025

Africell is leveraging the Lobito Corridor to expand its digital technology and internet services across Angola, aligning with the United Nations’ 2030 Sustainable Development Goals (SDGs) and the National Development Plan (NDP) 2023-2027. The announcement was made by Jorge Vazquez, CEO of Africell Angola, during the company’s 25th-anniversary celebration in Luanda. He highlighted Angola’s market potential and the strong relationship between the Angolan government and the United States as key factors in Africell’s success. The

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Oil Exploration Local News

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

11, February, 202511, February, 2025

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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Partnerships Corporate News Diamonds Energy International

Sasol Partners with De Beers and Anglo American for Renewable Diesel Pilot in South Africa

11, February, 202511, February, 2025

Sasol, an integrated energy and chemical company, has signed a Joint Development Agreement (JDA) with diamond company De Beers and global mining giant Anglo American to launch a renewable diesel pilot project in South Africa. The initiative aims to evaluate the commercial and technical viability of producing renewable diesel. The project will use Solaris and Moringa crops to produce vegetable oil, which will then serve as feedstock for Sasol’s existing facilities, designed to produce low-cost

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Local News Transport and Logistics

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

11, February, 202511, February, 2025

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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