Vital Industry News
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 Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves
Corporate News Diamonds International Mining Personality

De Beers Board Member Matome Tsholetsa Malema Passes Away

Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

More Angolan Mining News

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…
Local Energy News

Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection

Angola and Namibia Strengthen Energy Ties, Discuss Power Interconnection and Baynes Hydroelectric ProjectAngola and Namibia…
International News Oil

Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium

Oil Surges 25% to Highest Since 2022 Amid Iran War, Driving Vegoils and Aluminium Prices…
Oil Gas International News

Petrobras Introduces Hisep Project for CO2 Reinjection in Offshore Oil Fields

Petrobras unveiled plans on Tuesday February 19th to launch the pilot phase of the Hisep project within four years, aiming to reinject carbon dioxide (CO2) extracted from oil fields underground. Unlike traditional methods, Hisep conducts this process directly on the seabed rather than on the platform. The pilot phase is scheduled to take place in the pre-salt Mero field located in the Santos Basin. Following successful laboratory tests, Petrobras will proceed with the assembly of

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Local Mining News

Stakeholders Respond to Govt’s Initiative for Mining Sector Competitiveness Study

Companies in the mining sector, along with government officials and representatives from civil society, have reacted to the Executive’s plan to commission a study on the competitiveness of the Angolan mining sector. Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, emphasized that such a study would facilitate decision-making regarding potential adjustments or changes to existing legislation within the extractive sector. This initiative aims to align Angola with the standards set by the Extractive Industries

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Local Gas News Oil

Minister Azevedo Calls for Action to Sustain Oil and Gas Sector Initiatives

The Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, urged the newly appointed members of the Board of Directors of the National Petroleum, Gas, and Biofuels Agency (ANPG) to uphold the ongoing initiatives aimed at stabilizing production and sustaining strategies for block bidding. Presiding over the inauguration ceremony in Luanda, Azevedo emphasized the need for swift action to ensure the implementation of these directives. Acknowledging the accomplishments of the outgoing administration over the past

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International Oil

Charting the Course: The Gambia’s Surging Offshore Oil Exploration

Since 2014, The Gambia has witnessed the successful drilling of up to 11 wells, igniting a surge in industry interest in the country’s offshore opportunities. Positioned in close proximity to the significant 230-million-barrel Sangomar discovery in neighboring Senegal, The Gambia boasts substantial prospectivity, with over 10,000 km2 of offshore acreage and preliminary resource estimates suggesting reserves of three billion barrels. Currently, three companies are actively exploring offshore: As The Gambia’s offshore exploration activity gains momentum,

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International Gold News

Venice Mine Complex in Zimbabwe Poised for Tripled Gold Production

According to Marc Nicolle, CEO of Mopani Gold, gold production at the Venice Mine Complex in Zimbabwe is set to triple. Mopani Gold, the company operating the Venice Mine, plans to enhance processing facilities and implement a new corporate social responsibility strategy to boost gold production from 4,000 tons per month to 15,000 tons. Additionally, the mining firm will expand its existing 1 MW solar power plant to ensure a sustainable energy supply to the

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Gas International News

EGAS and BOTAŞ sign Collaboration Agreement for Natural Gas and LNG Trading

The Egyptian Natural Gas Holding Company (EGAS) and Turkey’s state energy company, BOTAŞ, have forged an agreement to collaborate on natural gas and LNG trading. This landmark agreement was formalized during President Erdogan’s first visit to Egypt in over a decade. The collaboration encompasses various facets, including exploring natural gas and LNG trading opportunities, joint efforts in natural gas infrastructure development and underground storage, as well as the exchange of technical expertise and knowledge. In

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Energy Gas International News

U.S. Positioned to Lead Africa’s LNG and FLNG Expansion

As Africa gears up to harness its gas resources for both domestic consumption and international markets, the United States is increasingly recognizing liquefied natural gas (LNG) as a pivotal avenue for investment, alongside traditional oil exploration. Recent projections by energy research and consultancy group Wood Mackenzie in October 2023 highlighted Africa’s ambitious $800-billion, 20-year upstream capital expenditure program, poised to yield world-class LNG projects in Mozambique and floating LNG (FLNG) ventures across five countries. This

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Diamonds Economy Local Mining News

Angola Poised for a Transformative Shift in the Mining Sector

With the potential to reach a diamond production level of approximately 14.6 million carats this year, Angola’s mining industry is well-positioned for significant growth under the country’s newly approved National Development Plan 2023-2027. Boasting political stability and strategic access to international markets, a strict adherence to regulations governing the establishment of mining companies in Angola will be crucial for the country to secure funds for investment in the sector. In February 2023, Angola strengthened its

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International Gas News Petroleum

Mozambique: Four oil and gas wells to be drilled this year

Four hydrocarbon research and prospecting wells will be drilled in Mozambique this year. Two of the wells will be drilled in the Angoche region, one in the Búzi area and a fourth in the PT5-C area operated by Sasol, a source from the National Petroleum Institute (INP) told ‘Notícias’. This will be the second time in almost a year that drilling has been carried out in Angoche. Last year, Eni drilled a well, with negative

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International News Oil Petroleum

Mozambique: Fire destroys former crude oil reservoir in Matola

A large fire broke out, on Monday 19th February, in the old crude oil reservoir located in Porto da Matola, in Maputo (Mozambique). The tank, inoperative for 40 years, was in the process of being restored when welding work caused the flames, according to the Mozambican newspaper “O País”. According to that publication, the fire consumed the entire reservoir, causing a huge column of black smoke that could be seen from several kilometers away. The

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