Vital Industry News
Africa Positions Itself as Key LNG Supplier to Europe Amid Global Energy Shifts Nigeria’s Petrol Imports Plunge as Dangote Refinery Dominates Local Supply Ghana’s Damang Gold Mine Transitions to Local Ownership Under Engineers and Planners Chevron Appoints Emmanuelle Garinet to Lead Exploration in the Americas and Africa Angola’s Cabinda Refinery Nears Production Start Following Ministerial Inspection Angola Begins Gas Exports from Quiluma Field with 150 Million Cubic Feet per Day Angola Leads African Rare Earth Surge with $165 Million Investment in Longonjo Project Burkina Faso Mining Development Fund Raises CFA85.7 Billion in 2025 Chinese Investors Dominate $21.8 Billion in Proposed Investments in Angola TotalEnergies Restarts Production at Libya’s Mabruk Oil Field After 11-Year Shutdown
International Gas News

Africa Positions Itself as Key LNG Supplier to Europe Amid Global Energy Shifts

Corporate News International Oil Petroleum

Nigeria’s Petrol Imports Plunge as Dangote Refinery Dominates Local Supply

Corporate News Gold International

Ghana’s Damang Gold Mine Transitions to Local Ownership Under Engineers and Planners

More Angolan Mining News

International Gas News

Africa Positions Itself as Key LNG Supplier to Europe Amid Global Energy Shifts

Africa Expands LNG Exports to Europe as Demand Rises Amid Energy Supply Uncertainty Africa is…
Corporate News International Oil Petroleum

Nigeria’s Petrol Imports Plunge as Dangote Refinery Dominates Local Supply

Nigeria Cuts Petrol Imports as Dangote Refinery Meets 92% of Fuel Demand Nigeria recorded a…
Corporate News Gold International

Ghana’s Damang Gold Mine Transitions to Local Ownership Under Engineers and Planners

Ghana’s Damang Mine Set for Local Takeover as Engineers and Planners Prepares Operations Ghana’s mining…
Corporate News International Mining Personality

Chevron Appoints Emmanuelle Garinet to Lead Exploration in the Americas and Africa

Chevron Names Emmanuelle Garinet Director of Exploration for the Americas and Africa Energy supermajor Chevron…
Corporate News Local Oil

Angola’s Cabinda Refinery Nears Production Start Following Ministerial Inspection

Cabinda Refinery Prepares for Petroleum Production After Ministry Inspection A delegation from the Ministry of…
Local Economy Gas News

Angola Begins Gas Exports from Quiluma Field with 150 Million Cubic Feet per Day

Angola Launches Gas Exports from Quiluma Field, Boosting Energy Diversification The National Agency of Petroleum,…
Local News Petroleum

Efforts Underway to Expand Fuel Stations in Cuando Cubango Province

A technical team from the Petroleum Derivatives Regulatory Institute (IRDP), part of the Ministry of Mineral Resources, Oil, and Gas (MIREMPET), has been in Cuando Cubango since last week to promote the construction and renovation of fuel stations to meet growing demand. The IRDP hosted a seminar for business owners and fuel station operators. IRDP representative Bruno Tito explained that the event aligns with the National Development Plan (PDN) 2023–2027, which aims to enhance the

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Local News

Pensana and Hanwa Sign MoU for Rare Earths Offtake and Strategic Collaboration

London-listed rare earths miner Pensana has entered into a nonbinding memorandum of understanding (MoU) with Japanese trading group Hanwa for the offtake of up to 20,000 tons per year (t/y) of mixed rare earth carbonate (MREC). Pensana owns 84% of the Longonjo neodymium/praseodymium project in Angola, which is set to initially produce 20,000 t/y of MREC in 2026, with plans to ramp up production to 40,000 t/y by 2029 through planned expansions. Under the MoU,

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International Oil

OPEC+ Delays Oil Supply Increase, Extends Production Cuts

The Organization of the Petroleum Exporting Countries and its allies (OPEC+) have delayed their planned increase in oil supply, originally expected in October 2024. According to new data from the organization, an increase in cumulative crude oil production is anticipated. OPEC+ plans to inject around 180,000 barrels per day (b/d) into the oil market by December 2024. In the meantime, the voluntary production cuts currently implemented by Saudi Arabia, Russia, Iraq, the United Arab Emirates,

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Local Exploration Gas News Oil

ANPG and Sonangol Launch New Hydrocarbon Exploration Project in Kwanza Basin

The National Oil, Gas, and Biofuels Agency (ANPG) and Sonangol Exploration and Production are set to invest in a specialized service to identify oil and other hydrocarbons in the onshore blocks of the Kwanza Basin. In a press release, ANPG announced that the project is scheduled to commence in September this year. The aim is to enhance geophysical and geological understanding of the Kwanza Basin blocks. The initial phase of the project will involve data

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Local Economy News

Mining sector financed with more than 26 million kwanzas

Between 2022 and June 2024, bank financing for mining projects in Angola totaled 26.6 million kwanzas, representing just 3.0% of the 887.1 million kwanzas allocated to the extractive industry. This data, presented at the 3rd Forum on Banking and Mining in Luanda, reflects a broader trend of minimal financial support for mining initiatives. The study, conducted by the Center for Studies and Scientific Research of the Higher Polytechnic Institute of Angola (IMETRO) and Bumbar Mining,

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Diamonds Local News

Chissema Mining Society Boosts Investment in Diamond Reserves Amid Market Challenges

Sociedade Mineira de Chissema in Lunda-Norte is ramping up its investments in diamond prospecting to reassess existing reserves and ensure its market presence. The company, which operates in a 1,019-square-kilometre concession spanning four municipalities—Capenda-Camulemba, Xá-Muteba, Cuango, and Lubalo—is focusing on exploration to navigate the current downturn in diamond prices. José Eduardo Van-Dúném, the head of Chissema’s Geology department, shared these plans during a visit by the provincial governor, Filomena Miza. He highlighted the need for

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Local Gas News Oil

IOCs to Invest $60 Billion in Angola’s Oil and Gas Sector Over Next Five Years

International Oil Companies (IOCs) are planning to invest $60 billion globally over the next five years to advance Angola’s oil and gas prospects. A recent note obtained by Jornal de Angola reveals that the investment includes Total Energies’ strategic project, which involves developing the Begonia field with a budget of $850 million. Additionally, ExxonMobil is expected to invest up to $15 billion in the Namibe Basin, following recent successful discoveries. Details of these projects will

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Diamonds Economy Local News

Angola’s Diamond Production Rises 36% in First Half of 2024 Despite Challenges

Angola produced 5.6 million carats of diamonds in the first half of 2024, marking a 36% increase compared to the 4.1 million carats recorded during the same period in 2023. This data was shared in Luanda by Miguel Vemba, Director of Mining Operations and Shareholding Management at Endiama, during a presentation on diamond production and sales for the first half of the year. The event, chaired by the Secretary of State for Mineral Resources, Jânio

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Local Infrastructure News Oil

Cabinda Refinery Set to Begin Operations by July Next Year

The construction of the Cabinda Refinery is advancing steadily, with the project now 72% financially complete and 64% physically complete. The refinery is expected to begin operations in July of next year. This update was provided by Agostinho da Silva, the Deputy Governor for Technical Services and Infrastructure of Cabinda, following the 4th Meeting of the National Council for Public Works (CNOP), chaired by Minister of State for Economic Coordination, José de Lima Massano. The

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Local News Oil Petroleum

Azule Energy Partners with Opsealog to Slash Emissions and Boost Offshore Fleet Efficiency

Azule Energy, a joint venture between Eni and BP, recently awarded Opsealog a two-year contract to enhance data collection, integration, and analysis, aiming to reduce fossil fuel consumption and greenhouse gas emissions from its offshore supply vessels (OSVs) in the Angolan market. According to the company’s press release, Opsealog expects to achieve a 10% reduction in emissions across the fleet. The contract’s first year will cover 28 vessels, with plans to expand to the full

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