Vital Industry News
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 Angola Oil Sector Faces Medium Risk of Money Laundering, Study Finds
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

International Corporate News Oil

Dangote Backs New East African Refinery Project in Tanzania

More Angolan Mining News

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 Gas News

Cameroon Awards Five Oil and Gas Blocks in 2025–2026 Licensing Round

Cameroon Grants Key Exploration Blocks to Murphy and Octavia to Revive Oil Output Cameroon’s Société…
Energy

Study Shows Consistency in Global Wind Power Production

Consulting firm Eoltech has released findings from a recent study examining wind resource variations over the past 15 years. The study reveals that global wind power production maintains a high level of predictability. According to the results, wind power production worldwide exhibits annual fluctuations within a range of ±3%. These conclusions are based on data from the Interstate Renewable Energy Council index, which covers 80% of onshore wind farms installed globally by 2023. “While individual

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International Economy News

Zimbabwe adopts new currency to fight galloping inflation

Zimbabwe, plunged into a serious economic crisis over the last 20 years, announced last week the adoption of a new currency called “ZiG” Zimbawe Gold (Zimbabwe Gold) and the replacement of the current Zimbabwe Dollar, to try to combat hyperinflation and stabilize the economy from the country. With inflation officially hovering around 55% after this rate reached triple digits last year, the governor of the Central Bank of Zimbabwe, John Mushayavanhu, announced last Friday the

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Diamonds Local News

Luele Mining Company Announces 119 Job Openings to Bolster Operations

Luele Mining Company has unveiled 119 job opportunities across various fields to strengthen its workforce and enhance operations at the mine. According to Constantino António, the head of provincial services at the National Institute for Employment and Vocational Training (INEFOP) in Lunda-Sul, positions available include service assistants, safety personnel, firefighters, machine operators, technicians, engineers, and specialists in various fields. Interested candidates are required to register at INEFOP with necessary documents, including their ID, passport-sized photos,

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News Mining

Geoangol’s Interim Director Urges Quality Boost in Borehole Drilling Amid Mining Expansion

Domingos Kimba Baptista, the interim director general of Geoangol, emphasized the need for Angola to enhance the quality of borehole drilling services to meet the rising demands of internationally renowned mining companies entering the country. In his first interview since assuming the position, Baptista highlighted the challenges ahead for Geoangol. “With the arrival of global giants like Anglo American, Rio Tinto, and De Beers, our focus is on upgrading our operational procedures to match their

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Diamonds Local Mining News

Catoca Mining Company Enhances Water Management with New Pumps

Catoca Mining Company, situated in the province of Lunda Sul, has recently acquired nine suction pumps equipped with an advanced automation system from South Africa. These pumps boast a pumping capacity of up to 800 cubic meters per hour, aimed at improving the flow and suction of submerged water within the mine. According to José Jorge Chingango, head of the Water Evacuation section, the acquisition of these pumps will ensure smoother operations. Initially, maintenance will

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Local Mining Mining Projects News

Somiluana Mining Company to Inaugurate New Sorting Plant

The Somiluana Mining Company, located in Lunda-Norte province, is set to inaugurate its new Sorting Plant (CRP) this month, with a capacity of 6 tons of cubic meters. Guilherme Raimundo, the deputy general director of the mining company, announced that this new facility could significantly boost diamond production at the secondary deposit by approximately 12,000 carats per month, leading to the creation of over 700 jobs. The inauguration ceremony marks the commencement of large-scale production

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Diamonds Local News

SODIAM to Host Online Auction for Special Diamonds in Luanda

The National Diamond Trading Company of Angola (SODIAM) has announced plans for an online auction featuring 18 special stones. Scheduled from the 11th to the 18th of this month in Luanda, the auction will be conducted in collaboration with TRANS ATLANTIC GEM SALES. The auction will be exclusively electronic, with bidding closing on April 19th at 10:00 local time. Targeted at customers registered in SODIAM’s database with expertise in special stone sales, the lots will

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Economy Local News

Angola’s GDP Sees 1.4% Growth in Q4 2023

Angola’s Gross Domestic Product (GDP) expanded by 1.4% year-on-year in the fourth quarter of 2023 compared to the same period in 2022, according to data from the National Statistics Institute (INE). However, there was a 0.3% decrease in the economy from the third quarter to the fourth quarter of 2023, after seasonal adjustments. For the entire year of 2023, the Angolan economy grew by 0.9% compared to 2022. Key contributors to this growth were the

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International News Oil Petroleum

Brent reaches daily maximum of 91.90 dollars on stock exchanges

The price of a barrel of Brent oil for delivery in June reached a maximum of 91.90 dollars yesterday on the London futures market. The appreciation was above 1.30 percent compared to the previous day. North Sea crude, which serves as a reference in Europe and also for Angola, closed the day on the International Exchange Futures with an increase of 1.30 dollars compared to the last negotiation, when it closed at 90.65 dollars, this

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Local News Oil Petroleum

Sonangol Trading Expands African Presence with Growth Plans

Sonangol Trading and Shipping, the international arm responsible for oil, derivatives, and natural gas transportation and marketing for Angola’s state oil company, is embarking on an expansion strategy across the African continent. Currently engaged with four countries – DRC, Namibia, Togo, and Cameroon – the company aims to strengthen its presence and trade volumes in these markets. Luís Manuel, President of the Executive Committee of Sonangol Trading and Shipping Business Unit (UNTS), revealed these plans

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