Vital Industry News
Lucara Lowers 2024 Revenue Forecast Amid Diamond Market Challenges Chevron Faces Decline in Oil Production at Malongo Field but Strengthens Local Engagement Sirte Oil Boosts Output with Advanced Horizontal Wells in Libya Bourbon Logistics Secures Integrated Logistics Contract for Namibia Offshore Exploration Angola’s Lobito Atlantic Railway Expands with Arrival of 275 New Container Wagons De Beers and Botswana Join Forces to Boost Natural Diamond Market Africa Oil Corp. Completes $99 Million Farm-Down Deal for Offshore Namibia Blocks Tinda Energy Secures Funding for 65 MW Renewable Energy Project in Congo Dangote Refinery and IPMAN Finalize Agreement for Direct Fuel Distribution Petra Diamonds Announces Board Changes as Varda Shine Steps Down
Corporate News Diamonds International

Lucara Lowers 2024 Revenue Forecast Amid Diamond Market Challenges

Corporate News Local Oil

Chevron Faces Decline in Oil Production at Malongo Field but Strengthens Local Engagement

International Corporate News Oil

Sirte Oil Boosts Output with Advanced Horizontal Wells in Libya

More Angolan Mining News

Corporate News Diamonds International

Lucara Lowers 2024 Revenue Forecast Amid Diamond Market Challenges

Lucara Diamond Corp. has announced that its 2024 revenue projections have been revised downward due…
Corporate News Local Oil

Chevron Faces Decline in Oil Production at Malongo Field but Strengthens Local Engagement

Chevron is currently producing 230,000 barrels of oil per day at the Malongo Oil Field…
International Corporate News Oil

Sirte Oil Boosts Output with Advanced Horizontal Wells in Libya

Sirte Oil, a subsidiary of Libya's National Oil Corporation (NOC), has successfully drilled two horizontal…
Oil Corporate News Gas International

Bourbon Logistics Secures Integrated Logistics Contract for Namibia Offshore Exploration

Bourbon Logistics, a marine services company, has been awarded a comprehensive logistics contract to support…
Transport and Logistics Local News

Angola’s Lobito Atlantic Railway Expands with Arrival of 275 New Container Wagons

The first batch of 275 new container wagons, purchased from South Africa’s Galison Manufacturing, has…
Corporate News Diamonds International

De Beers and Botswana Join Forces to Boost Natural Diamond Market

Al Cook, CEO of De Beers Group, has announced a robust marketing initiative aimed at…
Diamonds Corporate News International

Aton Resources Reports Promising High-Grade Results from Abu Marawat Drilling in Egypt

TSX-V-listed Aton Resources has announced the first results from its diamond drilling program at the Abu Marawat deposit in Egypt, highlighting high-grade mineral findings, including 8.98 g/t gold, 185 g/t silver, 0.43% copper, and 6.12% zinc over a 3.9-meter interval. To date, the company has drilled 35 diamond drill holes at Abu Marawat, totaling 3,381 meters. All holes have been drilled horizontally or at shallow angles to target previously untested, near-surface mineralization in a challenging

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Oil International

Ghana’s Oil Production Shows Strong Recovery in 2024

Ghana’s crude oil production saw a significant rebound in the first half of 2024, rising by 10.7% year-on-year, marking a reversal of a five-year decline, according to the country’s Public Interest and Accountability Committee (PIAC). After peaking in 2010, Ghana’s oil output had been on a steady decline, reaching a five-year low in 2023. This drop was mainly due to reduced production from older fields, which could not offset the growth from new wells, as

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Corporate News International Oil Petroleum

Dangote Refinery Advances Fuel Supply Agreements with Eight African Nations

The Dangote Refinery is progressing in negotiations with eight African countries to secure fuel supply agreements, according to reports from The Punch. The refinery’s management is in advanced talks with South Africa, Angola, Niger, Chad, Burkina Faso, the Central African Republic, and Namibia to initiate fuel exports. In addition to Premium Motor Spirit (PMS), the refinery has already begun exporting diesel to several African nations, reaching a significant volume of nearly 100,000 barrels per day

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International Gas

ExxonMobil Aims for First LNG Production in Mozambique by 2030

ExxonMobil expects to begin liquefied natural gas (LNG) production from its Mozambique project by 2030, an executive announced on Thursday. Partnering with Italy’s Eni and China’s CNPC, ExxonMobil is leading the development, construction, and operation of onshore liquefaction and related facilities in northern Mozambique. “We anticipate starting early works at the Afungi site next year to keep the project on track for first LNG output in 2030,” said Frank Kretschmer, General Manager of ExxonMobil’s Mozambique

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Corporate News International Oil

TotalEnergies Pledges Major Investment in Nigeria Amid Policy Concerns

TotalEnergies CEO Patrick Pouyanne announced that the company plans to invest billions of dollars in Nigeria by actively participating in the country’s current oil bid round. Pouyanne shared this commitment during a recent visit with Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Chief Executive, Gbenga Komolafe, at the commission’s Abuja headquarters. This pledge comes just months after TotalEnergies allocated $6 billion to projects in Angola, citing challenges with Nigeria’s regulatory landscape as a deciding factor for

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International Economy Oil

Ghana Boosts Crude Oil Production by 10.7% in First Half of 2024

Ghana’s crude oil production saw a significant 10.7% increase in the first half of 2024, marking a recovery from the 13.2% decline recorded the previous year. This update was shared by Constantine Kudzedzi, Chairman of the Public Interest and Accountability Committee (PIAC), during the presentation of the 2024 Semi-Annual Report on Petroleum Revenue Management and Usage. According to Kudzedzi, the SGN field contributed 20% of Ghana’s total oil production, while the Jubilee and TEN fields

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International Exploration Petroleum

Tanzania to Auction 26 Petroleum Exploration Blocks in 2025 Licensing Round

Tanzania is set to launch its fifth petroleum licensing round in March 2025, offering 26 exploration blocks to global investors. Dr. James Mataragio, the Energy Deputy Permanent Secretary for Oil and Gas, announced the plan during a presentation on Tanzania’s oil and gas sector at the African Energy Week in Cape Town, South Africa. The conference, which brings together policymakers, investors, and industry leaders, focuses on advancing energy innovations and sustainable development strategies across Africa.

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International Corporate News Exploration Oil

Egypt and Chevron Discuss Expanding Exploration and Production Amid New Incentives

Egypt’s Petroleum and Mineral Resources Minister, Karim Badawi, recently met with Chevron’s International Exploration and Production President, Clay Neff, to discuss Chevron’s activities in Egypt and strategies for boosting production. The meeting highlighted the potential impact of new incentives from Egypt’s Ministry of Petroleum. The discussion covered Chevron’s ongoing negotiations with the Egyptian Natural Gas Holding Company (EGAS) concerning the acquisition of two new concessions. Minister Badawi emphasized the range of investment opportunities available through

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International Exploration Oil

Algeria Opens Six Onshore Blocks for Hydrocarbon Exploration to Attract Global Investment

Algeria’s National Agency for the Valorization of Hydrocarbon Resources (ALNAFT) has launched six new onshore blocks for conventional hydrocarbon exploration, inviting competitive bids as part of its five-year plan to boost upstream investments. These six blocks, covering a combined area of 152,000 km², offer high-potential exploration, development, and export opportunities. Interested parties can access tender documents and data packages starting November 26, with bids due by April 15, 2025. The data sets include over 102,000

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Local Corporate News Exploration Oil

Chevron Expands Exploration in Nigeria and Angola Amid Production Decline in West Africa

Chevron is increasing its exploration activities in Nigeria and Angola, aiming to boost production in regions where output has declined in recent years. Chevron’s Global Exploration Vice President, Liz Schwarze, emphasized the company’s commitment to West Africa, highlighting the area’s untapped potential. “West Africa is such a hydrocarbon-rich part of the world and relatively under-explored compared to other jurisdictions,” Schwarze stated, noting that while some companies are withdrawing, Chevron is actively acquiring new exploration blocks.

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