Vital Industry News
S&P Global Downgrades Botswana’s Sovereign Ratings Amid Diamond Market Weakness Nigeria Seeks to Strengthen Its Position in Global Oil and Gas Supply Libya’s Arabian Gulf Oil Company Launches Production at Z-13 Well in Al-Bayda Field 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
Diamonds International News

S&P Global Downgrades Botswana’s Sovereign Ratings Amid Diamond Market Weakness

International Gas News Oil

Nigeria Seeks to Strengthen Its Position in Global Oil and Gas Supply

International News Oil Petroleum

Libya’s Arabian Gulf Oil Company Launches Production at Z-13 Well in Al-Bayda Field

More Angolan Mining News

Diamonds International News

S&P Global Downgrades Botswana’s Sovereign Ratings Amid Diamond Market Weakness

Botswana Credit Rating Cut to BBB- by S&P Global as Diamond Market Struggles Persist On…
International Gas News Oil

Nigeria Seeks to Strengthen Its Position in Global Oil and Gas Supply

Nigeria Positions Itself as a Strategic Alternative in Global Oil Supply Amid Middle East Tensions…
International News Oil Petroleum

Libya’s Arabian Gulf Oil Company Launches Production at Z-13 Well in Al-Bayda Field

Libya Starts Production at Z-13 Well in Al-Bayda Field as AGOCO Expands Oil Output Arabian…
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…
Oil International News

Uganda Prepares for Commercial Oil Production with 74 Wells Drilled

Uganda has successfully drilled 74 oil wells in its western and northern regions, setting the stage for commercial production to begin next year. During a press conference in Kampala, Ruth Nankabirwa, Uganda’s Minister of Energy and Mineral Development, announced that the wells were drilled in the Tilenga and Kingfisher production areas. This development follows the 2022 final investment decision by joint venture partners TotalEnergies E&P Uganda, China National Offshore Oil Company (CNOOC) Uganda Limited, and

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International Gas News

Egypt to Import 22 LNG Shipments for Power Plants in August and September

The Egyptian government plans to import 22 liquefied natural gas (LNG) shipments in August and September to meet the fuel demands of its power plants, according to a government official speaking to Asharq Business. The official indicated that Egypt expects to receive 11 LNG shipments each month, with daily natural gas needs amounting to 6.2 billion cubic feet. Earlier this month, the Ministry of Petroleum and Mineral Resources received the 10th of 21 LNG shipments

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News Gas International

South Africa Seeks Partnership with Mozambique for Natural Gas in Energy Transition

South Africa has reaffirmed its commitment to partnering with Mozambique to utilize natural gas as a transition fuel to replace coal and diesel. Recognizing the flexibility that natural gas provides in expanding renewable energy, South African Minister of Energy and Electricity, Kgosientso Ramokgopa, views a partnership with Mozambique—home to over 100 trillion cubic feet of gas reserves—as key to South Africa’s ambitious energy transition. Mozambique and South Africa are nearing the conclusion of negotiations for

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Oil Economy Local News

Angola’s B- Rating Reflects Stabilization Efforts in Oil and Public Spending

Oxford Economics consultancy has noted that Standard & Poor’s (S&P) decision to maintain Angola’s credit rating at B- is a reflection of the Angolan government’s efforts to stabilize oil production and manage public expenditure. Analysts from Oxford Economics, as reported by Lusa, view this rating as evidence of the government’s attempts to stabilize oil output, control public spending, and reduce reliance on Chinese loans secured by oil revenues. The analysts acknowledge that despite recent declines

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Local News Transport and Logistics

LAR Consortium Ships First Copper Load from Angola’s Lobito to the U.S.

The LAR – Lobito Atlantic Railway consortium announced on Friday the successful shipment of its first copper load from the Port of Lobito to the United States. The copper was transported on the container ship MSC SAMU, marking a significant milestone since the consortium took over the Lobito Corridor concession in January 2024. Prior shipments have already been made to ports in Europe and the Far East. According to a statement from LAR, the copper

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International Oil

Eni Produces 5 Million Tons of LNG from Mozambique’s Rovuma Basin

Italian oil company Eni announced on Friday that it has produced five million tons of liquefied natural gas (LNG) from the ultra-deep waters of Area 4 in Mozambique’s Rovuma Basin. This milestone is a significant achievement for the project, highlighting the technical and operational success, as well as the dedication, commitment, and collaboration of the entire team and its partners. \ Area 4 includes major industry players such as ExxonMobil, China National Petroleum Corporation (CNPC),

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Local Gas Mining News Oil

Diamantino Urges Mineral Sector to Align with Global Energy Transition Goals

Angola’s Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, has called on national companies in the mineral exploration sector to invest in the global energy transition, emphasizing the need to address the country’s current and future challenges. During his visit to Cuanza-Sul, the minister highlighted the importance of exploiting natural resources sustainably to benefit the population. Regarding the ongoing ban on quartz and gypsum exploration, Minister Azevedo clarified that the government has established a

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International News Oil

Ghana Launches $12 Billion Refinery to Become Regional Oil Hub

Ghanaian President Nana Akufo-Addo has launched the construction of a 300,000-barrel-per-day oil refinery, positioning Ghana to become a leading petroleum hub in the region. Despite this ambitious goal, the project has faced criticism regarding potential shortcomings. Since becoming an oil producer in 2010, Ghana, the world’s second-largest cocoa producer, has seen its crude oil output reach approximately 132,000 barrels per day (bpd) and its natural gas production around 325 million standard cubic feet per day.

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International Economy Oil

Dangote Refinery Poised to Transform Nigeria’s Fuel Industry with Local Petrol Production

The Dangote Refinery is set to disrupt the longstanding Europe-to-Africa fuel trade and reduce Nigeria’s dependence on imported refined products. As the world’s largest single-train refinery, Dangote Refinery has begun test runs for producing Premium Motor Spirit (PMS), commonly known as petrol, according to a Reuters report citing industry monitor IIR Energy. The 650,000-barrel-per-day refinery is anticipated to commence full operations and start petrol distribution by mid-September, following several missed deadlines. The $20 billion facility,

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International Renewable Energy

Egypt Plans $4.1 Billion Annual Savings with 30 GW Renewable Energy Expansion

Egypt aims to save $4.1 billion annually in fuel costs by expanding its renewable energy capacity by 30 gigawatts, as announced by the government. This initiative is a key component of Egypt’s strategy to boost sustainable electricity generation and reduce reliance on traditional energy sources. Prime Minister Mostafa Madbouly chaired a meeting with officials to review ongoing renewable energy projects. Attendees included Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation; Mahmoud Esmat, Minister

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