Vital Industry News
UAE Exit from OPEC Raises Volatility Risks for Global Oil Markets and African Producers Sudan’s Gold Sector Becomes Economic Lifeline Amid Prolonged Conflict Dangote Backs New East African Refinery Project in Tanzania Libya Partners with Chevron to Assess Shale Oil and Gas Potential Uganda Plans New Oil Licensing Round to Expand Reserves Cameroon Awards Five Oil and Gas Blocks in 2025–2026 Licensing Round Dakar LNG Terminal Project Set to Strengthen Senegal’s Energy Security UAE Exit from OPEC Raises Concerns Over Oil Market Stability and Nigeria’s Revenue Outlook Angola Oil Revenue Rises to $7.16 Billion in Q1 on Stronger Prices Angola Oil Sector Faces Medium Risk of Money Laundering, Study Finds
International Corporate News Oil

UAE Exit from OPEC Raises Volatility Risks for Global Oil Markets and African Producers

Gold International News

Sudan’s Gold Sector Becomes Economic Lifeline Amid Prolonged Conflict

International Corporate News Oil

Dangote Backs New East African Refinery Project in Tanzania

More Angolan Mining News

International Corporate News Oil

UAE Exit from OPEC Raises Volatility Risks for Global Oil Markets and African Producers

UAE OPEC Exit Sparks Supply Uncertainty as Global Oil Market Faces Demand Weakness and Rising…
Gold International News

Sudan’s Gold Sector Becomes Economic Lifeline Amid Prolonged Conflict

Sudan Relies on Gold Revenues as War Enters Fourth Year, Smuggling and Investor Shifts Reshape…
International Corporate News Oil

Dangote Backs New East African Refinery Project in Tanzania

Dangote to Lead Tanzania Refinery Project as East Africa Pushes to Cut Fuel Imports Aliko…
Oil Corporate News Gas

Libya Partners with Chevron to Assess Shale Oil and Gas Potential

Libya’s NOC and Chevron Sign Deal to Study 123 Tcf Gas and 18 Billion Barrels…
International News Oil

Uganda Plans New Oil Licensing Round to Expand Reserves

Uganda to Launch Third Oil Licensing Round as It Prepares for First Crude Production Uganda…
International Gas News

Cameroon Awards Five Oil and Gas Blocks in 2025–2026 Licensing Round

Cameroon Grants Key Exploration Blocks to Murphy and Octavia to Revive Oil Output Cameroon’s Société…
International News Oil

Eni to Launch Drilling in Libya’s Ghadames and Sirte Basins

Italian oil company Eni has announced plans to begin onshore exploratory drilling in Libya’s Ghadames Basin next month, with an offshore drilling campaign in the Sirte Basin slated to start by late 2025. At the Libyan-Italian roundtable in Rome, Martina Obizzi, President of Eni’s North Africa and Levant region, underscored the significance of exploration in the energy sector. “Exploration is a key pillar of the energy industry,” Obizzi stated, as reported by Energy Capital &

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International Gas News

ExxonMobil Set to Finalize Natural Gas Extraction Design in Cabo Delgado

Walter Kansteiner, Vice President of ExxonMobil, announced on Tuesday that the technical design for the natural gas extraction project in Cabo Delgado, northern Mozambique, is expected to be completed within the next year. ExxonMobil is spearheading the construction and operation of all future natural gas liquefaction facilities for the Rovuma Basin Area 4 deep-water block, which is located off the Cabo Delgado coast. This project is operated by Mozambique Rovuma Venture (MRV), a joint venture

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Gas International News

ExxonMobil to Finalize Technical Design for Mozambique Gas Project within a Year

ExxonMobil expects to complete the technical design of its natural gas extraction project in northern Mozambique within the next year, according to Walter Kansteiner, the company’s Vice President for International Government Relations. Kansteiner made the announcement yesterday in New York after a meeting with the Mozambican President, who was concluding a visit to the United States. “We have announced our Front End Engineering Design (FEED), which is our advanced engineering and design phase. This process

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Oil International News

ExxonMobil Plans $10 Billion Investment in Nigerian Offshore Oil Operations

ExxonMobil Corp has announced a $10 billion investment in offshore oil operations as part of a renewed commitment to Nigeria, Africa’s fourth-largest economy. This announcement was made by Nigeria’s Vice President, Kashim Shettima, following a meeting with ExxonMobil executives at the ongoing 79th Session of the United Nations General Assembly in New York. This development comes despite Exxon’s recent agreement to sell its onshore assets to Seplat Energy for $1.3 billion and a downsizing of

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Local Mining Projects News

Pensana Secures $3.4 Million U.S. Grant to Boost Longonjo and Coola Projects in Angola

Pensana Plc (PRE.LSE) has announced the successful acquisition of $3.4 million in Technical Assistance grant funding from the U.S. International Development Finance Corporation (DFC), America’s development finance institution. The grant, part of the U.S. BUILD Act, will support feasibility studies aimed at expanding the capacity of the Longonjo mine and advancing the Coola project in Angola. The funds are designated for key projects, which, upon successful completion of feasibility studies, could receive additional loan funding

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Oil Gas News

ANPG to Offer 30 Oil and Gas Business Opportunities in 2025

The National Oil, Gas, and Biofuels Agency (ANPG) will present 30 business opportunities next year through the bidding of blocks in the Lower Kwanza and Benguela basins, as well as the permanent offer regime. Speaking at the launch gala of The Energy Year magazine’s 2024 edition in Luanda, ANPG Executive Director Alcides Andrade urged investors to explore these opportunities available in 2025. Andrade, quoted in an ANPG statement, announced that nine blocks will be available

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Local Gas News

SonaGas Warns of Fire Hazards Near Soyo Gas Plant Amid Rising Forest Fires

SonaGas, a subsidiary of Angola’s national oil company Sonangol, has expressed concerns over the increasing fire risks posed by hunters and farmers near its gas reception and production facility in Soyo, Zaire province. These fires, primarily set for land clearing and hunting, threaten the safety of the Angola LNG plant and the turbines at the Soyo combined cycle power plant. Jacelino Pinto, the unit’s supervisor, warned that fires around the plant perimeter often send sparks

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International Diamonds News

Gem Diamonds Unveils 212.91-Carat Diamond at Letšeng Mine

Gem Diamonds has uncovered a remarkable 212.91-carat rough diamond at its Letšeng mine in Lesotho, marking the 13th stone over 100 carats discovered by the company this year. The high-quality, type II diamond was found on September 19, just two weeks after the recovery of a 126.21-carat rough, making it the fifth large diamond retrieved in a little over a month. Earlier in September, the company also discovered a 122.20-carat stone, following a 129.71-carat rough

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International News Oil

Aliko Dangote Advocates for End to Fuel Subsidies Amid Currency Crisis

Africa’s richest man, Aliko Dangote, has emphasized that now is the opportune moment for Nigeria to eliminate its fuel subsidy, especially as his refinery’s gasoline production is set to alleviate pressure on the nation’s struggling currency. In an interview with Bloomberg Television in New York on Monday, Dangote stated, “Subsidy is a very sensitive issue. Once you are subsidizing something, people will inflate the price, and the government will end up paying more than it

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Gas International News

MIREMPET to Hold Public Consultation on Angola’s Natural Gas Master Plan

The Ministry of Mineral Resources, Petroleum, and Gas (MIREMPET) will host a Public Consultation on October 21st in Luanda to gather input on the Natural Gas Master Plan (PDG). This plan is a strategic framework designed to develop a comprehensive value chain in Angola’s natural gas sector, aiming to maximize socioeconomic benefits while minimizing environmental impacts. The development of the PDG is a key priority of the National Development Plan (PDN) 2023-2027. According to an

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