Vital Industry News
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 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
Corporate News International Oil

Seplat Energy Plans 17 New Wells in 2026 to Boost Production

Corporate News Local Oil

Energean to Acquire Chevron Stakes in Angola’s Block 14 Assets

International Gas Oil

Cameroon Opens Nine Oil and Gas Blocks to Investors in 2026 Licensing Round

More Angolan Mining News

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…
Corporate News Local Oil

Energean to Acquire Chevron Stakes in Angola’s Block 14 Assets

Energean to Buy Chevron’s Angola Block 14 Interests for $260 Million to Expand West Africa…
International Gas Oil

Cameroon Opens Nine Oil and Gas Blocks to Investors in 2026 Licensing Round

Cameroon Offers 9 Oil and Gas Exploration Blocks as SNH Bid Round Closes March 30,…
International News Oil

Ghana Plans Capacity Boost at Tema Oil Refinery to Strengthen Domestic Fuel Supply

Ghana to Expand Tema Oil Refinery Capacity to 45,000 bpd to Reduce Fuel Imports Ghana…
International News Oil

Exploration Well Offshore Gabon Finds No Hydrocarbons but Development Plans Continue

Offshore Gabon Exploration Well Finds Water Instead of Oil as Etame Drilling Program Continues An…
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 News Oil

Galp Confirms Potential 10 Billion Barrel Oil Reserves in Namibian Discoveries

Portuguese energy company Galp Energia has concluded appraisal activities at its Mopane 1-X and 2X discoveries offshore Namibia, uncovering a potential oil reserve of at least 10 billion barrels. Testing at Mopane-1X was finalized in January, while testing at Mopane-2X took place from early March to early April this year. “The flows achieved during the well test have reached the maximum allowed limits of 14,000 barrels of oil equivalent per day, potentially positioning Mopane as an important commercial

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International News

ARDA to Create Actionable Downstream Plan Ahead of COP29

The African Refiners and Distributors Association (ARDA) is set to launch a database of sustainable energy projects across the continent on April 24. The database will serve as part of an actionable downstream plan for the association to bring to COP29 in Azerbaijan this year. Dedicated to the development of sustainable pan-African energy infrastructure projects, ARDA aims to address the economic, environmental and social challenges related to energy security on the continent. “Our association’s goal

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Diamonds Local News

Lucapa Diamond Company Sells $10.5 Million Worth of Exceptional Diamonds from Lulo Mine

Lucapa Diamond Company has successfully completed the sale of three remarkable diamonds recovered from its Lulo mine in Angola, fetching a total of $10.5 million at tender. Conducted by Sodiam in Luanda, the tender concluded on April 19, showcasing three Type IIa white diamonds weighing 203 carats, 116 carats, and 43 carats. This marked Lucapa’s first tender of Lulo diamonds for the year. The combined weight of the diamonds amounted to 361 carats, achieving an

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Diamonds International News

Gem Diamonds Unearths 169.15 Carat White Diamond in Letšeng Mine

Gem Diamonds, a London-listed company, has announced the discovery of a remarkable 169.15 carat Type II white diamond from its Letšeng mine in Lesotho. This significant find marks the fourth diamond weighing over 100 carats that Gem has recovered so far this year. Prior notable discoveries include a 113 carat white Type II diamond, a 295 carat white Type II diamond, and a 139 carat Boart diamond. The Letšeng mine has gained renown for its

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International News Oil Petroleum

Santos Faces Revenue Dip in First Quarter Amid Production Challenges

Australian oil and gas giant Santos reported a decline in first-quarter revenue by approximately 14% on Thursday, attributing the decrease to reduced production levels and lower volumes across its product range. Various factors, including severe weather conditions and planned maintenance activities, hampered production during the quarter. Additionally, sales revenue was impacted primarily by decreased liquefied natural gas (LNG) and ethane volumes, albeit partially offset by higher realised prices. Santos produced 21.8 million barrels of oil

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International Oil

88 Energy plans first oil well in Owambo onshore basin in second half of 2025

88 Energy plans to drill a potential initial exploration well on PEL 93, targeting the Damara play in the Owambo Basin as early as the second half of 2025. PEL 93 includes an extensive lead portfolio with ten significant independent structural closures identified from a range of geophysical and geochemical techniques, and there is potential for more leads to be identified as the dataset is expanded. 88 Energy says PEL 93 is ten times bigger than its Alaskan

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International News Oil Petroleum

Custos Unveils Massive Oil Discovery in Namibia’s Orange Basin

Custos, a prominent player in the energy sector, recently announced a groundbreaking discovery at the Mopane complex in the Orange Basin. Initial estimates suggest that the complex harbors over 10 billion barrels of oil equivalent, marking a significant milestone in the region’s oil exploration efforts. Situated within the PEL 83 blocks on blocks 2813A and 2814B, the Mopane complex is a joint venture project involving Galp Energia’s subsidiary and Custos, with Namcor holding a stake

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Gold Economy Local News

Angola’s Gold Refinery Project Marks Strategic Step in Mineral Sector Development

The construction of the Gold Refinery in Luanda, spearheaded by GeoAngol, a subsidiary of Endiama, received significant attention on Thursday, highlighted as a priority action by the Angolan Executive for the Mining Sector, as declared by Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo. Speaking at the opening of a seminar on “Mineral Resources and the Gold Mineral Value Chain in Angola” in Huambo, Azevedo emphasized the importance of refining gold locally to add

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Local Gold News

Gold Refinery in Luanda Nears Completion, Expected to Open in 2025

The Gold Refinery project in the municipality of Viana, Luanda, is on track for completion, with expectations of inauguration in the first half of 2025, announced Domingos Baptista, the general director of Geoangol. Speaking at the Workshop on Mineral Resources and the Gold Value Chain in Huambo province, Baptista stated that the construction progress stands at 50%, with anticipation for completion by the end of the year. Baptista emphasized that the refinery project involves 23

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Local Mining News

Angola-Japan Partnership Boosts Geological Studies with $3 Million Aid

The Geological Institute of Angola (IGEO) is set to enhance its geological studies across the country, thanks to a generous non-refundable financial aid of three million dollars from Japan. The announcement was made by the Secretary of State for International Cooperation and Angolan Communities during the signing ceremony of the Exchange of Notes on the Implementation of the Economic and Social Development Program in Mineral Resources. The aid, part of the Cooperation Protocol between IGEO

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