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
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
Production at Rio Tinto’s Diavik mine in Canada slid in the first quarter after the miner halted production to allow workers to grieve for colleagues who died in a plane crash. Output fell 22% year on year to 740,000 carats for the three months that ended March 31, Rio Tinto said Tuesday. However, production was 12% higher than the previous quarter, during which the miner closed two kimberlite pipes and produced lower-grade ore. The company
As much as 3.6 million barrels a day (mmbd) of global refinery capacity has been assessed as being under high-risk of closure, according to Wood Mackenzie’s latest refinery closure threat analysis. The report ‘Global refinery closure threat update’ shortlists 120 out of 465 refining assets at high, medium, or low risk of closure based on 2030 net cash margin (NCM) forecasts. The total global refinery capacity at some risk of closure amounts to 19.95 mmbd,
Seventy-six percent of the country’s works were at a standstill in the third quarter of last year, according to figures from the National Statistics Institute (INE), which say that, of 3,125 buildings visited in that period, 2,404 were inactive. The numbers are included in the Quarterly Survey of Progress and Monitoring of Buildings in the Construction Process (ITAEPC), a document produced to characterize the progress of the construction of private buildings in the country’s main
PetroSA, South Africa’s state-owned oil and gas company, is gearing up for the arrival of gas shipments from Mozambique’s ENH later this year. This move is part of PetroSA’s strategy to boost energy reserves and mitigate potential shortages. Having secured a gas trading license from regulators in March, PetroSA wasted no time in finalizing a deal for an initial 2 petajoules of gas annually, with plans to increase this to 200 petajoules in the future.
Angola’s deepwater Block 15/06 partners have reached a significant milestone with the completion of the survey and installation of the initial modules of the FPSO for the Agogo field, according to reports from the country’s regulator. The National Oil, Gas, and Biofuels Agency (ANPG) announced that the first two modules of the FPSO Agogo have been successfully installed, marking the beginning of a crucial phase in the project. ANPG stated, “These are the first two
ENGIE Energy Access proudly announces the inauguration of its inaugural mini-grid project, the Dohouè MySol Grid, in the village of Dohouè in southern Benin. Equipped with 135 kWp of solar panels and 130 kWh of lithium-ion battery storage, the Dohouè MySol Grid now brings renewable energy to over 1,500 residents and local businesses, marking a significant milestone in the region’s journey toward sustainable development. In collaboration with the Beninese Agency for Rural Electrification and Energy
Botala Energy Ltd. (ASX:BTE) has partnered with AAAS Energy BV, a solar developer focusing on Sub-Saharan Africa, to explore the potential for installing up to 250 MW of solar capacity at an energy hub currently under development in Botswana. Located near the town of Palapye, the Leupane Energy Hub and Industrial Park, operated by Botala, is envisioned as the site for this ambitious solar project. With plans to expand, the hub could eventually accommodate up
Russian nuclear corporation Rosatom and Burkina Faso’s Ministry of Energy, Mines and Quarries have inked a pivotal agreement for the construction of a nuclear power plant in the country. Set to be completed by 2025, this ambitious project aims to bolster Burkina Faso’s electricity production, with projections indicating a doubling of output by 2030. The agreement delineates a comprehensive roadmap, charting a course for the development of Burkina Faso’s nuclear energy capabilities and the establishment
South Sudan may restart export of its heavy sweet Dar Blend crude oil via the Petrodar pipeline to the Bashayer Marine Terminal in Port Sudan in six to eight weeks. The Petrodar pipeline, which transports approximately 100,000 barrels per day (bpd) for export via Sudan, has been hampered by stoppages since February. As stated by South Sudan’s Finance Minister Awow Daniel Chuang to Argus Media, the pipeline will undergo repairs while the country continues to
Aim-listed gold producer Shanta Gold has announced promising findings in its latest exploration update for the West Kenya project, covering the fourth quarter of last year and the first quarter of this year. CEO Eric Zurrin highlighted the progress, stating, “At Ramula, the reported assays provide valuable insights for converting inferred resources to indicated category resources. Meanwhile, encouraging results from our early-mid-stage targets at both Miruka and Anomaly 22 affirm the presence of economic range
