Vital Industry News
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 Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions Global Oil Prices Surge Amid Rising Tensions in the Middle East
International Gas News Oil

Nigeria Seeks to Strengthen Its Position in Global Oil and Gas Supply

International News Oil Petroleum

Libya’s Arabian Gulf Oil Company Launches Production at Z-13 Well in Al-Bayda Field

Corporate News Diamonds International Mining Personality

De Beers Board Member Matome Tsholetsa Malema Passes Away

More Angolan Mining News

International Gas News Oil

Nigeria Seeks to Strengthen Its Position in Global Oil and Gas Supply

Nigeria Positions Itself as a Strategic Alternative in Global Oil Supply Amid Middle East Tensions…
International News Oil Petroleum

Libya’s Arabian Gulf Oil Company Launches Production at Z-13 Well in Al-Bayda Field

Libya Starts Production at Z-13 Well in Al-Bayda Field as AGOCO Expands Oil Output Arabian…
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…
International Oil Petroleum

Libya Surpasses Nigeria as Top African Crude Oil Producer in March

According to the April 2024 Monthly Oil Market Report (MOMR) from the Organization of Petroleum Exporting Countries (OPEC), Libya emerged as the leading African crude oil producer in March, surpassing Nigeria. The data revealed that Libya produced 1.236 million barrels per day (bpd) of crude, up from 1.173 million bpd in February. On the other hand, Nigeria recorded a production output of 1.23 million bpd in March 2024, compared to 1.32 million bpd in February.

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International Gas News

TotalEnergies Faces Scrutiny Over Mozambique Gas Operations Amid Conflict

French multinational TotalEnergies is facing scrutiny over its plans to resume natural gas extraction in Mozambique’s conflict-ridden Cabo Delgado region, potentially violating the EU’s Corporate Sustainability Due Diligence Directive (CSDDD), according to NGOs. Following a terror attack in 2021, TotalEnergies, along with ExxonMobil and Eni, halted operations in Cabo Delgado. However, during a recent presentation of its 2023 annual results, TotalEnergies CEO Patrick Pouyanné announced intentions to restart operations in Mozambique this year. NGOs, including

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Diamonds Local Mining News

Insights from Benedito Manuel on the Luele Mine

Benedito Manuel, the General Director of Sociedade Mineira de Catoca, recently highlighted the significance of the Luele mine project in the province of Lunda Sul. He emphasized that it’s an ENDIAMA initiative, with Angolan managers from Catoca leading the entire process, from discovery to mine layout. In an interview with EXPANSÃO newspaper, Manuel underscored Catoca’s pivotal role as a “special technical arm” of the Angolan National Diamond Company, particularly in advancing the nation’s diamond sub-sector.

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Oil International News

World oil demand slows to 1.6 million barrels

World oil demand continued to slow down in the first quarter to 1.6 million barrels per day, 120,000 barrels less than initially forecast, mainly due to developments in richer countries, Energy International (IEA) announced yesterday. In the monthly report on the oil market released yesterday, the IEA indicates that, for the whole of 2024, the increase will be 1.2 million barrels per day, a value that will fall slightly to 1.1 million in 2025, although

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Renewable Energy International News

Nigeria Gets $750M World Bank Loan for Solar Mini-Grids

The World Bank has granted Nigeria’s Federal Government a $750 million loan to offer subsidies to developers and operators of solar mini-grids in areas across the country that lack electricity access. The loan, approved under the Distributed Access through Renewable Energy Scale-up (DARES) project, aims to increase the supply of electricity to households and micro, small, and medium-sized enterprises (MSMEs) through private sector-led distributed renewable energy initiatives. The financing agreement for the loan was signed

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Diamonds International News

Antwerp World Diamond Centre CEO Abruptly Resigns Amid Russian Diamond Sanctions Dispute

The Antwerp World Diamond Centre (AWDC) announced the unexpected resignation of CEO Ari Epstein on Thursday, as reported by the AWDC’s board of directors. While Epstein, who served as CEO for 13 years, declined to comment on the reason for his departure, Belgian financial newspaper De Tijd cited conflicts between the diamond sector and the Belgian government over Russian diamond sanctions as a possible cause. The AWDC, Belgium’s primary diamond industry group, has not yet

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International News Oil

Namibia Poised to Become Africa’s Newest Oil Producer

Namibia’s Minister of Mines and Energy revealed that TotalEnergies and Shell are likely to have discovered offshore oil and gas reserves in commercial quantities, potentially totaling billions of barrels. Both companies previously announced “significant” discoveries offshore Namibia earlier this year and are currently assessing the findings. While specific quantities were not disclosed, a Reuters source suggested that Total’s discovery exceeds 1 billion barrels of oil equivalent. These discoveries could position Namibia as the latest oil

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International Exploration News Oil

CNOOC Lands 5 Oil Exploration Deals in Mozambique

The government of Mozambique has awarded the China National Offshore Oil Corporation (CNOOC) five oil and gas research and development concession contracts. The contracts were awarded as part of the country’s sixth licencing round, initiated by the Mineral Resources and Energy Ministry. Filimão Suaze, the government spokesman, emphasised that this decision aligns with Mozambique’s mineral resources policy and aims to attract more investments into the oil sector. The Council of Ministers approved the concession contracts

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International Gas News Oil

Ecuador Interested in Egypt Oil & Gas Exploration

Equador’s interests in the Egyptian oil and gas sector resulted in the crafting of a memorandum of understanding between Egypt’s Ministry of Petroleum and Mineral Resources and Ecuador’s Ministry of Energy and Mines.  A fruitful meeting between Tarek El Molla, Minister of Petroleum and Mineral Resources, and Denys Toscano Amores, Ecuadorian Ambassador to Cairo, saw a positive exchange between the two countries. Oil companies from Equador are especially keen on investing in Egypt’s oil and

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International Energy Gas

Tanzania Emerges as Key Player in East African Energy Sector

With an estimated 57 trillion cubic feet (tcf) of recoverable gas resources, Tanzania is set to take center stage in the East African energy sector at Invest in African Energy (IAE) 2024, as it seeks partnerships across exploration, development, and processing activities. Tanzania’s ambition to become a major LNG exporter is evident through its flagship Tanzania LNG project, which aims to process gas from fields operated by Equinor, Shell, and ExxonMobil, producing 10 million metric

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