Vital Industry News
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 Seplat Energy Plans 17 New Wells in 2026 to Boost Production Energean to Acquire Chevron Stakes in Angola’s Block 14 Assets Cameroon Opens Nine Oil and Gas Blocks to Investors in 2026 Licensing Round Ghana Plans Capacity Boost at Tema Oil Refinery to Strengthen Domestic Fuel Supply Exploration Well Offshore Gabon Finds No Hydrocarbons but Development Plans Continue
Local Economy Gas News

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

Corporate News Local Mining Projects

Angola Leads African Rare Earth Surge with $165 Million Investment in Longonjo Project

Economy International News

Burkina Faso Mining Development Fund Raises CFA85.7 Billion in 2025

More Angolan Mining News

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,…
Corporate News Local Mining Projects

Angola Leads African Rare Earth Surge with $165 Million Investment in Longonjo Project

Angola Secures $165M Investment for Longonjo Rare Earth Project, Boosting Africa’s Strategic Supply Chain Mining…
Economy International News

Burkina Faso Mining Development Fund Raises CFA85.7 Billion in 2025

Burkina Faso Collects $152 Million from Mining Development Fund in 2025 to Support Local Development…
Local Economy News

Chinese Investors Dominate $21.8 Billion in Proposed Investments in Angola

China Leads $21.8 Billion Investment Proposals in Angola as AIPEX Reports Surge in Foreign Interest…
Corporate News International Oil

TotalEnergies Restarts Production at Libya’s Mabruk Oil Field After 11-Year Shutdown

TotalEnergies Resumes Oil Production at Libya’s Mabruk Field with New 25,000 bpd Facility TotalEnergies has…
Corporate News International Oil

Seplat Energy Plans 17 New Wells in 2026 to Boost Production

Seplat Energy Targets Up to 155,000 boepd in 2026 with 17-Well Drilling Program in Nigeria…
International Diamonds

Botswana Seeks Larger Stake in HB Antwerp Without Additional Investment

Botswana is negotiating to increase its stake in Belgian diamond manufacturer HB Antwerp from 24% to 49.9% without additional cost, according to Minister of Minerals and Energy Lefoko Moagi. The government initially allocated BWP 890 million ($65 million) for a 24% share in March 2023 but is now aiming for a larger ownership under the same financial terms. Moagi explained that the decision to renegotiate stems from market changes since the initial announcement. The updated

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Oil Economy International

TotalEnergies Invests $600 Million to Boost Republic of Congo’s Oil Production and Sector Growth

In May, TotalEnergies announced a $600 million investment in the Republic of Congo (ROC) aimed at enhancing exploration and production in the Moho Nord field. This investment will increase production by 40,000 barrels per day (bpd) from its current rate of 140,000 bpd, moving the ROC closer to its goal of reaching 500,000 bpd. TotalEnergies also holds the ROC’s Marine XX permit and has recently deployed two drilling rigs to facilitate new discoveries. This commitment

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Local Corporate News News Oil

Chevron Secures New Offshore Blocks in Angola

Chevron, a major player in Angola’s oil sector with a 26% market share, has recently made significant strides to further solidify its presence in the country. In mid-June, the U.S.-based giant signed contracts for two license areas off the coast of Angola—Blocks 49 and 50, located in the ultra-deepwater section of the Lower Congo Basin. A few years ago, this deal would not have been possible. The National Oil, Gas, and Biofuels Agency (ANPG), the

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International News

Mozambique’s Sixth Hydrocarbon Licensing Contracts Near Final Approval

Nearly all contracts from Mozambique’s Sixth International Hydrocarbon Licensing Round have been approved by the government and are now pending final clearance from the Administrative Tribunal. Nazário Bangalane, Chairman of the National Petroleum Institute (INP), the regulatory authority for Mozambique’s hydrocarbon sector, expressed confidence that the Administrative Tribunal’s approval would be granted soon. Mozambican law requires that all contracts with public entities undergo a legality review by the tribunal. Bangalane, speaking during a visit to

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Local Governance News

SADC Summit 2024: President Lourenço Reviews Progress as Angola Passes Chair to Zimbabwe

On August 17, 2024, President João Manuel Gonçalves Lourenço of Angola, the outgoing Chairperson of the Southern African Development Community (SADC), delivered a significant address at the 44th SADC Summit of Heads of State and Government in Harare, Zimbabwe. President Lourenço underscored the notable progress in industrialization, regional integration, and peacekeeping efforts, while also addressing the challenges that lie ahead. The summit brought together the region’s top leaders to reflect on achievements, tackle current issues,

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Renewable Energy Local News

EXIM Bank Backs $1.6 Billion Solar Mini-Grid Project in Angola

The Export-Import Bank of the United States (EXIM) is providing a $1.6 billion direct loan to support the development of 65 solar mini-grids in Angola. The loan will benefit ING Capital, Sun Africa, and Omatapalo, which are involved in capital markets, clean energy, and construction, respectively. These solar mini-grids, equipped with energy storage facilities, will be deployed across four provinces in southern Angola. The project aims to provide off-grid solutions, improving access to electricity and

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Local News Transport and Logistics

INFOTUR Leverages Lobito Corridor to Boost National Tourism

The Institute for Tourism Promotion (INFOTUR) plans to capitalize on the Lobito Corridor to enhance national tourism, announced the General Director, Lukeni Araújo, in Luanda. During the operation of the Rovos Rail luxury train this month, which travels between Lobito, Angola, and the Democratic Republic of Congo (DRC) after originating in Dar es Salaam, Tanzania, a total of 124 tourists were transported—60 entering Angola and 64 leaving. Araújo emphasized that INFOTUR’s primary mission is to

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Diamonds Corporate News International

Lucara Diamond Reports Surge in Sales and Earnings

Lucara Diamond (TSX: LUC) reported a strong performance in the second quarter of the year, with significant increases in both sales and earnings. This boost was largely driven by its revitalized supply agreement with Belgium’s HB Antwerp, which purchases and polishes rough diamonds from Lucara’s flagship Karowe mine in Botswana. The Karowe operation generated $41.3 million in revenue, marking a 7% increase compared to the same period last year. Net profit surged to $11.4 million,

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International Corporate News Diamonds News

Lucapa Diamond Sells 70% Stake in Lesotho’s Mothae Mine

Australia-headquartered Lucapa Diamond has successfully completed the sale of its 70% stake in the Mothae mine in Lesotho. The interest was sold to the local Lesotho company Lephema Executive Transport, after all conditions of the sale and purchase agreement, signed in June, were met. The divestment was carried out through a public sale process, following a strategic review of Lucapa’s asset portfolio by its newly restructured board of directors. The review concluded that Lucapa should

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Diamonds International News

Botswana Seeks to Double Stake in HB Antwerp Amid Diamond Market Downturn

Botswana is renegotiating its planned purchase of a stake in Belgian gem dealer HB Antwerp to double its shareholding without additional cost, following a decline in the diamond market, Mines Minister Lefoko Moagi announced on Tuesday. As the world’s leading diamond producer by value, Botswana’s economy has been heavily impacted by decreased global demand for diamonds due to the economic slowdown. Moagi told Parliament that the downturn in the diamond market has lowered HB Antwerp’s

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