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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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Diamonds Corporate News Local

Endiama and N’Dumba Sign Diamond Exploration Agreement

11, February, 202511, February, 2025

Endiama, Angola’s state-owned diamond-trading company, has signed a mining investment agreement with N’Dumba, a subsidiary of the Jean Boulle Group, to engage in diamond prospection, exploration, and commercialization. The agreement was formalized at the Mining Indaba in Cape Town, South Africa, with Angolan Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, and Rui Xavier, Angola’s ambassador to South Africa, in attendance during the signing ceremony, Endiama reported on Tuesday. The N’Dumba concession, located in

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Corporate News Diamonds Local

Lucapa Diamond Company Faces Disruption at Lulo Mine Due to Local Blockade

11, February, 202511, February, 2025

Lucapa Diamond Company is currently facing a production disruption at its Lulo mine in Angola after local community leaders barricaded all entrances to the site, making a series of unreasonable demands, according to the company. While the blockade remains peaceful, it has prevented Lucapa’s workers from entering or exiting the site. The company expressed concern for the safety of its employees should it attempt to break through the barricade. Although the workers who are inside

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Diamonds Corporate News Local

Lucapa Diamond Company Faces Revenue Slump Amid Falling Diamond Prices

11, February, 202511, February, 2025

Lucapa Diamond Company reported a sharp 71% year-on-year decline in revenue for the fourth quarter of 2024, as the lower proportion of large diamonds significantly impacted the average price per carat. Sales from the company’s Lulo mine in Angola dropped to $10 million for the quarter, with the average price per carat plunging by 80% to $1,251. However, the company saw a 42% increase in sales volume, reaching 8,016 carats. The steep drop in average

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Corporate News Diamonds International

NUM Criticizes Petra Diamonds Over Mass Layoffs Amid Industry Downturn

11, February, 202511, February, 2025

The National Union of Mineworkers (NUM) has condemned Petra Diamonds for its decision to lay off over 200 workers as part of a cost-cutting strategy. This decision comes in the wake of an extended downturn in the diamond industry, which has forced several companies, including Petra, to make difficult decisions regarding staffing, production, and pricing forecasts. The layoffs specifically target employees at Petra’s Cullinan and Finsch mines in South Africa. Petra initially announced the layoffs

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Corporate News Gas International

Kosmos Energy Announces First LNG Production at Greater Tortue Ahmeyim

10, February, 202510, February, 2025

Kosmos Energy has confirmed the commencement of liquefied natural gas (LNG) production at the bp-operated Greater Tortue Ahmeyim (GTA) LNG project, located offshore Mauritania and Senegal. On December 31, 2024, gas from GTA Phase 1 began flowing from the wells to the floating production storage and offloading (FPSO) vessel as part of the commissioning process. At the FPSO, the gas is processed to remove condensate, water, and impurities before being transferred to the floating LNG

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Corporate News International Oil

Chevron Expands Namibian Offshore Presence with PEL 82 Acquisition

10, February, 202510, February, 2025

Namibian oil and gas exploration firm Custos Energy has finalized a farm-in agreement with Chevron Namibia Exploration II, a subsidiary of Chevron, for Petroleum Exploration License 82 (PEL 82). Under the deal, Chevron acquires an 80% participating interest and assumes operatorship of the offshore block. Custos Energy and Namibia’s state-owned NAMCOR each retain a 10% stake. Custos views PEL 82, covering blocks 2112B and 2212A in the Walvis Basin, as one of Namibia’s most promising

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International Oil

Senegal’s Sangomar Oil Field to Produce Over 30 Million Barrels in 2025

10, February, 202510, February, 2025

Senegal’s Ministry of Energy, Petroleum, and Mines has projected that the Sangomar oil field will produce approximately 30.53 million barrels of crude oil in 2025. “We estimate crude oil production for 2025 at around 30.53 million barrels, maintaining a steady daily output of 100,000 barrels throughout the year,” the ministry stated in its latest production report. According to the report, Sangomar produced 3.11 million barrels in January 2025 alone. During the same period, three shipments

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Corporate News Gas International

Eni Discovers “Supergiant” Gas Field Off Egypt’s Coast

10, February, 202510, February, 2025

Italian energy company Eni has announced the discovery of the Zohr gas field, a “supergiant” natural gas deposit in the Mediterranean Sea, off Egypt’s coast. The field is expected to meet the country’s gas demand for decades. Located in the Shorouk block, Zohr is estimated to hold 30 trillion cubic feet (5.5 billion barrels of oil equivalent) of lean gas, making it the largest gas discovery ever in Egypt and the Mediterranean and potentially one

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