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Gas Local News

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

7, January, 20257, January, 2025

The Draft Gas Master Plan (PDG) was reviewed last Friday during a Council of Ministers session after being open for public consultation since October last year. The proposal, developed by the Ministry of Mineral Resources, Petroleum, and Gas, has received government approval to proceed with the next steps. The PDG outlines the government’s strategy to promote the development of a gas value chain. Its implementation is expected to attract approximately $30 billion in investments to

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Corporate News International News Oil

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

7, January, 20257, January, 2025

Shell, through its Nigerian subsidiary, has finalized its decision to invest in the Bonga North Deepwater Development project in Nigeria. Located within an extension of the active Bonga field in Oil Mining Lease (OML) 118, the project is designed to sustain production at the Bonga facility, with first oil expected by 2030. The development aims to achieve a daily production target of 100,000 barrels of oil and includes 16 wells—eight oil production wells and eight

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Local News Oil

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

7, January, 20257, January, 2025

Angola’s oil production is set to remain below the targets previously set by the Organization of Petroleum Exporting Countries (OPEC), contributing to the country’s decision to exit the organization in late 2023, according to the report The State of African Energy in 2025. The report highlights Angola’s departure from OPEC as a significant development, triggered by the allocation of a smaller production quota than the country intended. Angola’s oil output is projected to average just

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Local Energy News

Power Outage Leaves 11 Provinces Without Electricity in Angola

7, January, 20257, January, 2025

A widespread power outage has left 11 provinces in Angola without electricity following an interruption in the North and Central Interconnected System. The blackout, which occurred on the afternoon of Monday, January 6, 2025, affected areas including Luanda, Bengo, Benguela, Huambo, and Bie, among others. According to a statement from the National Electricity Transmission Network (RNT), the outage disrupted electricity supply to more than 10 provinces. “At 2:42 pm, there was an interruption in the

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Corporate News Diamonds International

Alrosa Deputy CEO Vladimir Marchenko Steps Down for New Industry Role

7, January, 20257, January, 2025

Alrosa’s deputy CEO, Vladimir Marchenko, is stepping down from his role to pursue a new opportunity within the diamond industry. Marchenko joined Alrosa in 2017 as vice president of production for Africa and South America, before being promoted to deputy CEO in 2018. In his tenure, Marchenko led key projects in Africa, including efforts to identify new diamond deposits in Zimbabwe. He also currently heads the Russia-Zimbabwe Business Council (RZBC). Alrosa CEO Pavel Marinychev praised

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Corporate News Diamonds International

Alrosa Forecasts Diamond Market Stabilization Amid Falling Inventories

7, January, 20257, January, 2025

Alrosa predicts that supply and demand for rough and polished diamonds will balance out in the coming months as midstream inventory levels decline. Sergey Takhiev, Alrosa’s head of corporate finance, highlighted strong demand for jewelry and a reduction in diamond-mining capacity—down by up to 20% from 2018-2019 levels—will drive price growth. He also pointed to the rapid rise of online jewelry sales, which has allowed jewelers to reduce inventory requirements. “The normalization of inventories has

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International Energy News

Tunisia Advances Renewable Energy with 500 MW Photovoltaic Projects

7, January, 20257, January, 2025

Tunisia has signed contracts for four photovoltaic projects totaling 500 MW, marking the first phase of its 1.7 GW renewable energy tender. These projects, set to be operational by 2027, aim to generate 1 TWh annually, contributing approximately 5% to the nation’s electricity supply. The successful bids include three 100 MW projects by Qair International, Scatec, and Voltalia, located in El Ksar (Gafsa), Mezzouna (Sidi Bouzid), and Menzel Habib (Gabes). Additionally, Qair International secured a

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Corporate News Gas International

BP and Kosmos Energy Launch Gas Production from Greater Tortue Ahmeyim Project

7, January, 20257, January, 2025

BP Plc and Kosmos Energy Ltd. have commenced gas production from offshore fields in Senegal and Mauritania as part of the Greater Tortue Ahmeyim (GTA) project. The $4.8 billion initiative aims to produce approximately 2.3 million tons of liquefied natural gas (LNG) annually during its first phase. The project involves wells drilled in deep waters, reaching depths of up to 2,850 meters, with gas directed to a floating storage vessel for processing. On December 31,

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International Corporate News

Galp and Partners Make Significant Discoveries at Mopane-2A Well in PEL83

7, January, 20257, January, 2025

Galp, along with its partners NAMCOR and Custos, has completed drilling and logging the Mopane-2A well (Well 4) in PEL83, following its successful spudding. The Mopane-2A well revealed a gas-condensate hydrocarbon column in the AVO-3 reservoir, featuring a thin net pay within the reservoir’s sweet spot. Additionally, the well uncovered a light oil hydrocarbon column in the smaller AVO-4 reservoir. Both reservoirs exhibited high-quality sands with excellent porosity and permeability, elevated pressures, low fluid viscosities,

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International Oil Petroleum

Uganda to Launch Third Round of Petroleum Exploration Licensing

7, January, 20257, January, 2025

Uganda’s government is preparing to launch its third round of petroleum exploration licensing in the 2025/2026 fiscal year (July-June), according to Energy and Mineral Development Minister Ruth Nankabirwa. The upcoming licensing round will open new areas for oil and gas exploration, although specific regions, including the Albertine Graben or northern and northeastern basins, have not yet been confirmed. Uganda, which discovered crude oil in the Albertine Graben nearly 20 years ago, aims to commence production

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