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 Energy News

Egypt Greenlights AMEA Power’s 2 GW Renewable Energy Expansion Plan

The Egyptian Council of Ministers has approved a significant renewable energy project led by Dubai-based AMEA Power, which aims to connect 2 GW of green energy to Egypt’s grid by summer 2025. This plan includes expanding the Abydos solar project by 500 MW, boosting its total capacity to 1 GW. In addition to the solar expansion, AMEA Power is developing the 500 MW Amunet wind farm in Ras Ghareb, scheduled to commence operations in the

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International Exploration News Petroleum

Mozambique Grants Eni and ENH Concession for Offshore Petroleum Exploration

The Mozambican Government has approved a concession contract allowing Eni Mozambico and Empresa Nacional de Hidrocarbonetos (ENH) to explore and produce petroleum in the Angoche A6-C Offshore Area. This decision, announced by the Council of Ministers, grants exclusive rights to conduct petroleum operations and produce oil from deposits within the concession area, located offshore of Nampula and Zambézia provinces. The concession also includes non-exclusive rights to build and operate necessary infrastructure for production and transportation

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International Energy News

Elsewedy Electric Boosts Tanzania’s Power Output with New Hydroelectric Generators

Egypt’s Elsewedy Electric, in collaboration with The Arab Contractors, has successfully added three additional hydro turbine generators to Tanzania’s national power grid. This expansion boosts the Julius Nyerere Hydroelectric Power Project’s (JNHPP) total power output to 705 megawatts. The milestone was announced by Tanzanian Deputy Prime Minister and Minister of Energy Doto Biteko on July 16 during a site visit to JNHPP. This advancement represents a significant stride toward meeting the country’s electricity needs and

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International Energy

Turkey Secures Exclusive Hydrocarbon Exploration Rights in Somalia

Turkey has signed an agreement granting it exclusive rights to explore and produce hydrocarbons in three blocks in Somalia, further strengthening a relationship that began several months ago. The agreement covers a combined area of 5,000 square kilometers. On Thursday, Turkish Energy and Natural Resources Minister Alparslan Bayraktar and Somalian Petroleum and Mineral Resources Minister Abdirizak Omar Mohamed attended a ceremony in Istanbul to mark the signing of the Hydrocarbon Exploration and Production Agreement. Bayraktar

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News Gas International

Egypt Advances Natural Gas Production with New Drilling in West Delta Fields

Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, along with several petroleum leaders, inspected the development of the West Delta fields in the Mediterranean. The focus was on the offshore drilling of two new natural gas wells at the Raven field, developed by BP. The production from the two wells, West Raven-4 and West Raven, is expected to increase to 200 million cubic feet per day (mmcf/d) of natural gas and 8,000 barrels per

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International News Oil

Dangote Refinery Negotiates Crude Imports to Overcome Supply Challenges

The Dangote Refinery, located on the outskirts of Lagos and built by Africa’s richest man, Aliko Dangote, is the largest in Africa. With a capacity of 650,000 barrels per day (bpd), it aims to reduce Nigeria’s reliance on imported fuels due to the country’s limited refining capacity. Since beginning operations in January, the refinery has struggled to secure enough crude oil despite Nigeria being Africa’s largest oil producer. The country faces issues of theft, pipeline

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International News Oil

Arkenu Oil Exports 1 Million Barrels of Crude from Libya

Arkenu Oil, a private oil and gas development and production company, exported 1 million barrels of Sarir/Mesla crude from Marsa el-Hariga port on July 10. The shipment was transported by the Suezmax vessel Zeus, chartered by the Chinese trading firm Unipec, according to shipping agent and port reports. The bill of lading indicates that the Libyan state-owned National Oil Corporation (NOC) sent the consignment on behalf of Arkenu. Historically, Libyan crude sales have been managed

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Oil Economy Local News

Angola Boosts Oil Production with New Incremental Initiative

The Council of Ministers of Angola’s National Oil, Gas & Biofuels Agency (ANPG) approved the country’s incremental production initiative for 2024. This initiative, expected to be enacted by President João Lourenço later this year, introduces new incentives to boost production in active blocks. It aligns with national objectives to maximize output at producing fields, offering license extensions and favorable fiscal terms to investors, thus stimulating cost recovery regardless of well results. A significant milestone under

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Diamonds Economy Local News

Angola Ranks Fourth Among World’s Largest Diamond Producer in 2023

In 2023, Angola secured the fourth position on the list of the world’s top ten diamond producers, generating $1.55 billion from the sale of 9.8 million carats. According to the Ministry of Mineral Resources, Oil and Gas, Angola trailed only Russia, Botswana, and Canada, based on information from the Kimberley Process. Notably, eight of the ten countries in the ranking are African, including Botswana, Angola, South Africa, Namibia, Zimbabwe, Lesotho, Sierra Leone, and the Democratic

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Oil News

Exxon Mobil Transfers Block B Control to Equatorial Guinea’s GEPetrol

The American oil company Exxon Mobil has transferred control of Block B, one of its extraction units, to Equatorial Guinea’s national oil company, GEPetrol. “The assets of Block B of the Sapphire field now officially belong to Equatorial Guinea. The transfer from Exxon Mobil to GEPetrol took place today in Malabo,” wrote Teodoro Obiang Mangue (‘Teodorin’) on social media platform X. “This is just the beginning of a new process,” added Teodorin, son of the

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