Vital Industry News
Calucuve Dam Nears Completion to Strengthen Water Security in Southern Angola Lunda Norte Inaugurates Chitotolo Diamond Plant to Boost Production and Jobs Endiama and Rio Tinto Launch Chiri Mining Venture for Diamond Exploration in Angola’s Lunda Sul Nigeria Approves $10.3 Billion Eni Deepwater Oil Investment in Zabazaba and Etan Fields Botswana Signs 30-Year Deal for 500MW Solar and Battery Project in Maun Germany and South Africa Sign €200M Loan Deal to Boost Energy Transition and Green Industry South Africa Commissions 148MW Bolobedu Solar Plant in Limpopo Sun King to Invest $150 Million in Ethiopia’s Off-Grid Solar Expansion De Beers Diamond Output Rises 17% in Q1 on Strong Botswana and Canada Performance DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets
International Infrastructure Local

Calucuve Dam Nears Completion to Strengthen Water Security in Southern Angola

Diamonds Economy Local

Lunda Norte Inaugurates Chitotolo Diamond Plant to Boost Production and Jobs

Diamonds Corporate News Economy Local

Endiama and Rio Tinto Launch Chiri Mining Venture for Diamond Exploration in Angola’s Lunda Sul

More Angolan Mining News

International Infrastructure Local

Calucuve Dam Nears Completion to Strengthen Water Security in Southern Angola

Angola’s Calucuve Dam Set for July Completion to Boost Water Supply, Agriculture, and Drought Resilience…
Diamonds Economy Local

Lunda Norte Inaugurates Chitotolo Diamond Plant to Boost Production and Jobs

Angola Opens $9M Chitotolo Processing Plant in Lunda Norte, Raising Diamond Output Capacity by 140%…
Diamonds Corporate News Economy Local

Endiama and Rio Tinto Launch Chiri Mining Venture for Diamond Exploration in Angola’s Lunda Sul

Angola Launches Chiri Mining JV as Endiama and Rio Tinto Begin Diamond Exploration in Lunda…
International Corporate News Oil

Nigeria Approves $10.3 Billion Eni Deepwater Oil Investment in Zabazaba and Etan Fields

Nigeria Clears $10.3B Eni Offshore Oil Project to Develop Zabazaba and Etan Fields, Targeting 150,000…
Renewable Energy International News

Botswana Signs 30-Year Deal for 500MW Solar and Battery Project in Maun

Botswana Launches 500MW Solar + 500MWh Storage Project to Cut Power Imports and Boost Energy…
Renewable Energy International News

Germany and South Africa Sign €200M Loan Deal to Boost Energy Transition and Green Industry

South Africa Secures €200M German Loan to Upgrade Grid and Expand Renewable Energy and Green…
International Gas News

Globeleq’s Mozambique Gas Plant Faces Delays, Set for 2025 Commissioning

Globeleq Inc.’s 450-megawatt Central Termica de Temane gas-fired power plant in Mozambique has been delayed until mid-2025 due to extreme weather events that impacted the construction site. The plant, originally slated to begin production this year, was delayed by Cyclone Freddy in 2023 and Tropical Storm Filipo in March 2024, which wreaked havoc along Mozambique’s coastline. In response to inquiries, Globeleq confirmed that these weather systems had disrupted construction and pushed back the plant’s commissioning

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Corporate News Gas International

TotalEnergies to Approve $750 Million Gas Project in Nigeria by 2025

TotalEnergies is set to approve a $750 million investment in the Ima gas project in Nigeria next year, furthering the country’s efforts to attract new hydrocarbon investments. The Ima project, a shallow-water development planned in partnership with a local company, is expected to enhance gas supply to Nigeria’s liquefied natural gas (LNG) plant. This follows a $500 million investment approved earlier in 2024 to develop the Ubeta onshore field, a project designed to produce 300

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Corporate News Exploration International Oil

TotalEnergies Seeks Approval for New Offshore Exploration in South Africa’s Deep Water Orange Basin

TotalEnergies is pursuing environmental clearance to drill up to seven exploration wells in the southern portion of its Deep Water Orange Basin (DWOB) block, located off South Africa’s west coast. The DWOB block lies approximately 200 kilometers (124 miles) offshore between Port Nolloth and Saldanha Bay in deep waters. TotalEnergies EP South Africa (TEEPSA), the operator, previously received authorization in 2023 to explore the northern section of the block. The company now seeks to extend

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International Renewable Energy

Masdar and Partners Propel Egypt’s Renewable Energy Ambitions with 1.2 GW Solar Projects

Masdar, Infinity Power, and Hassan Allam Utilities have partnered with the Egyptian Electricity Transmission Company (EETC) to accelerate Egypt’s renewable energy transformation. This collaboration includes two Power Purchase Agreements (PPAs) for solar energy projects with a combined capacity of 1.2 gigawatts (GW) and 720 megawatt-hours (MWh) of Battery Energy Storage Systems (BESS). The initiative includes a 900 MW solar power plant with BESS in Wahat and a 300 MW solar power plant with BESS in

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International News Oil

Libya Achieves Highest Oil Production Levels Since 2013

Libya’s National Oil Corporation (NOC) announced a significant milestone on Tuesday, reporting daily oil production exceeding 1.4 million barrels—the highest level in over a decade. The NOC detailed that crude oil and condensate production surpassed 1.4 million barrels, with an additional 200,000 barrels of gas production. This brings Libya’s total daily hydrocarbon output to 1.6 million barrels. The NOC attributed this achievement to the tireless efforts of its workforce, praising their round-the-clock dedication. The statement

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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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