Vital Industry News
Nigeria–Morocco Gas Pipeline Gains Momentum as Europe Seeks New Energy Routes UAE Exit from OPEC Raises Volatility Risks for Global Oil Markets and African Producers Sudan’s Gold Sector Becomes Economic Lifeline Amid Prolonged Conflict Dangote Backs New East African Refinery Project in Tanzania Libya Partners with Chevron to Assess Shale Oil and Gas Potential Uganda Plans New Oil Licensing Round to Expand Reserves Cameroon Awards Five Oil and Gas Blocks in 2025–2026 Licensing Round Dakar LNG Terminal Project Set to Strengthen Senegal’s Energy Security UAE Exit from OPEC Raises Concerns Over Oil Market Stability and Nigeria’s Revenue Outlook Angola Oil Revenue Rises to $7.16 Billion in Q1 on Stronger Prices
International Gas News

Nigeria–Morocco Gas Pipeline Gains Momentum as Europe Seeks New Energy Routes

International Corporate News Oil

UAE Exit from OPEC Raises Volatility Risks for Global Oil Markets and African Producers

Gold International News

Sudan’s Gold Sector Becomes Economic Lifeline Amid Prolonged Conflict

More Angolan Mining News

International Gas News

Nigeria–Morocco Gas Pipeline Gains Momentum as Europe Seeks New Energy Routes

Nigeria–Morocco Gas Pipeline: Europe Eyes West African Gas as Alternative Energy Corridor by 2031 Nigeria-led…
International Corporate News Oil

UAE Exit from OPEC Raises Volatility Risks for Global Oil Markets and African Producers

UAE OPEC Exit Sparks Supply Uncertainty as Global Oil Market Faces Demand Weakness and Rising…
Gold International News

Sudan’s Gold Sector Becomes Economic Lifeline Amid Prolonged Conflict

Sudan Relies on Gold Revenues as War Enters Fourth Year, Smuggling and Investor Shifts Reshape…
International Corporate News Oil

Dangote Backs New East African Refinery Project in Tanzania

Dangote to Lead Tanzania Refinery Project as East Africa Pushes to Cut Fuel Imports Aliko…
Oil Corporate News Gas

Libya Partners with Chevron to Assess Shale Oil and Gas Potential

Libya’s NOC and Chevron Sign Deal to Study 123 Tcf Gas and 18 Billion Barrels…
International News Oil

Uganda Plans New Oil Licensing Round to Expand Reserves

Uganda to Launch Third Oil Licensing Round as It Prepares for First Crude Production Uganda…
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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International Oil Petroleum

Equatorial Guinea: Petrofac Secures $350M Contract to Support NOC

International service provider Petrofac has been awarded a $350 million technical services contract by Equatorial Guinea’s NOC GEPetrol. In support of Equatorial Guinea’s Block B assets, Petrofac will deliver services across onshore support bases, an FPSO and a platform on behalf of GEPetrol – which serves as the block’s operator – for five years. “We will grow our economy through diverse partnerships and investment in our people. Combining our strong indigenous capabilities, with Petrofac’s global

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