Vital Industry News
De Beers Board Member Matome Tsholetsa Malema Passes Away Sodiam Raises $25.8 Million in 16th Rough Diamond Auction Shell Reaffirms Commitment to Reviving Angola’s Oil Production Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions Global Oil Prices Surge Amid Rising Tensions in the Middle East Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves
Corporate News Diamonds International Mining Personality

De Beers Board Member Matome Tsholetsa Malema Passes Away

Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

More Angolan Mining News

Corporate News Diamonds International Mining Personality

De Beers Board Member Matome Tsholetsa Malema Passes Away

De Beers Board Member and Minerals Development Company Botswana CEO Matome Tsholetsa Malema Dies Global…
Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Angola’s Sodiam Generates $25.8 Million in Rough Diamond Auction, Surpassing Expectations Angola’s National Diamond Trading…
Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

Shell Pledges Support for Angola’s Oil Production Revival as Company Returns After 20 Years Shell…
Corporate News Local Oil

Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port

Sonangol Tanker Hit by Explosion Near Iraq’s Khor al Zubair Port; Crew Safe and Vessel…
Local Energy News

Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection

Angola and Namibia Strengthen Energy Ties, Discuss Power Interconnection and Baynes Hydroelectric ProjectAngola and Namibia…
International News Oil

Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium

Oil Surges 25% to Highest Since 2022 Amid Iran War, Driving Vegoils and Aluminium Prices…
International Oil Petroleum

NNPC to Begin Fuel Distribution from Dangote Refinery Amid Revised Supply Agreements

Nigeria’s state-owned oil company, NNPC Limited, began distributing gasoline from the 650,000 barrels-per-day Dangote Refinery to the local market on Sunday, September 15, following delays over offtake rights and pricing. The $20 billion Dangote Refinery, built by Africa’s richest man, Aliko Dangote, started gasoline production last week, but distribution was held up due to disputes. Z acch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), announced that all agreements have now been finalized,

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International Energy Renewable Energy

Egypt to Add 3 GW of Solar and Wind Power by 2025 Through Private Investments

The Egyptian Ministry of Electricity and Energy plans to integrate 3 gigawatts (GW) of solar and wind power into the national grid by the summer of 2025, according to a government official who spoke to Asharq Business. The projects will be executed by private sector companies under a Build, Own, Operate (B.O.O.) model, meaning the investors will finance, construct, operate, and own the projects, while the Egyptian Electricity Transmission Company (EETC) will purchase all the

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Local Exploration News Oil

Corcel Completes Key Data Acquisition for Angola’s Block KON-16 Exploration

Exploration company Corcel has completed the data acquisition phase of the Enhanced Full Tensor Gradiometry (eFTG) Survey on Block KON-16, located in Angola’s onshore Kwanza Basin. The collected data, acquired by contractor Metatek Group, will now undergo analysis and interpretation through the end of 2024. This phase is crucial for gaining geological insights to support exploration and development plans for the 1,000 km² block. “This marks a significant milestone in our exploration efforts, providing a

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International Gas News

Türkiye Explores Offshore Gas in Egypt, Strengthens Energy Ties

Türkiye’s Energy and Natural Resources Minister, Alparslan Bayraktar, announced the country’s active exploration of offshore gas fields in Egypt, aiming to utilize Turkish Floating Storage and Regasification Unit (FSRU) vessels for hydrocarbon supply. In an interview with Anadolu in Ankara, Bayraktar highlighted Türkiye’s normalized relations with Egypt and recent energy agreements between the two nations. During Egyptian President Abdel Fattah al-Sisi’s visit to Ankara last week, both countries discussed potential cooperation in oil and natural

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International Oil Petroleum

Nigeria’s Crude Oil Production Rises by 3.4% in August

Nigeria’s daily crude oil production grew by 3.4% in August, reaching 1.352 million barrels per day, according to the latest data from OPEC. The Organisation of Petroleum Exporting Countries (OPEC) reported that Nigeria’s output increased by 45,000 barrels per day, up from 1.307 million barrels per day in July. These figures are based on direct communication between OPEC and Nigerian authorities. Secondary sources indicate an even higher average of 1.448 million barrels per day in

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International News Renewable Energy

EIB and FirstRand Bank Invest €400M in South Africa’s Renewable Energy Projects

The European Investment Bank (EIB) and South Africa’s FirstRand Bank have jointly invested €400 million (R7.9 billion) into various solar and wind energy projects across South Africa. This partnership aims to increase private-sector energy generation, strengthen energy security, and reduce the country’s ongoing power shortages. FirstRand is matching EIB’s €200 million ($221.82 million) loan as part of Europe’s Global Gateway initiative, a strategy focused on clean and sustainable infrastructure. EIB, a key partner in the

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International Exploration Gas Oil

Uganda to Issue New Oil and Gas Exploration Licenses in 2025/2026 to Boost Investment

Uganda plans to issue new oil and gas exploration licenses in the 2025/2026 fiscal year (July-June) to attract further investment into the sector. The country’s last licensing round, which began in 2019, concluded in early 2023, with two out of five available blocks awarded. “Accelerating oil and gas investments will be key to driving Uganda’s economic growth next fiscal year,” said Finance Minister Matia Kasaija during a speech outlining the government’s priorities for 2025/2026. He

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International Gas News

US Export-Import Bank Considers Funding Eni’s Offshore LNG Project in Mozambique

The US Export-Import Bank (Ex-Im) is evaluating funding for Eni SpA’s liquefied natural gas (LNG) project off the coast of Mozambique. This follows its previous investment in an onshore LNG facility that faced delays due to security concerns and opposition from environmental groups. Eni’s Coral North floating LNG plant is listed as a pending project by Ex-Im. The bank stated in an emailed response that the financing amount would be disclosed upon final board approval,

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Local Economy News Oil

Oxford Economics Predicts Angola’s Oil Production to Grow by 4% in 2024

Consultancy firm Oxford Economics has revised its forecast for Angola’s oil production, projecting the country will pump 1.18 million barrels per day in 2024, a 4% increase from 2023 levels. Angola is the second-largest oil producer in sub-Saharan Africa. “We expect Angola’s oil production to rise by 4%, from 1.13 million barrels per day in 2023 to 1.18 million barrels per day in 2024, with a slight increase to 1.19 million barrels per day in

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Diamonds International News

Lucra Recover Another exceptional Diamond at Karowe

Lucara Diamond Corp today announced the recovery of an extraordinary 1,094carat rough diamond from its 100% owned Karowe Mine in Botswana. This remarkable stone bears striking similarities to the 692 carat diamond announced in August 2023, which was polished by HB Antwerp and yielded polished diamonds that sold for in excess of USD13 million. Lucara confirmsthat this newly recovered 1,094 carat stone will also be polishedby HB Antwerp, as part of the ongoing partnership between

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