Vital Industry News
Angola Accelerates Gas-to-Power Initiatives to Strengthen Energy Security and Domestic Capacity Angola’s Oil Prices Hold Steady Amid Global Market Fluctuations and Economic Concerns U.S. Reaffirms Commitment to Lobito Corridor Investments Angola Prepares for the 2025 U.S.-Africa Summit MetalsGrove Expands into Ivory Coast with Acquisition of Gold Permits ONGC Videsh Commits ₹1,500 Crore to Revive Mozambique LNG Project Cassava Technologies and Microsoft Launch Renewable Energy Training in South Africa Botswana Seeks Relief as Power Crisis Deepens Cobre Launches Deep Drilling at Kitlanya West in Botswana Lucara Takes Direct Control of Karowe Underground Expansion
Angola Accelerates Gas-to-Power Initiatives to Strengthen Energy Security and Domestic Capacity Angola’s Oil Prices Hold Steady Amid Global Market Fluctuations and Economic Concerns U.S. Reaffirms Commitment to Lobito Corridor Investments Angola Prepares for the 2025 U.S.-Africa Summit MetalsGrove Expands into Ivory Coast with Acquisition of Gold Permits ONGC Videsh Commits ₹1,500 Crore to Revive Mozambique LNG Project Cassava Technologies and Microsoft Launch Renewable Energy Training in South Africa Botswana Seeks Relief as Power Crisis Deepens Cobre Launches Deep Drilling at Kitlanya West in Botswana Lucara Takes Direct Control of Karowe Underground Expansion
Local Gas News

Angola Accelerates Gas-to-Power Initiatives to Strengthen Energy Security and Domestic Capacity

Local Economy News Oil

Angola’s Oil Prices Hold Steady Amid Global Market Fluctuations and Economic Concerns

Transport and Logistics Local News

U.S. Reaffirms Commitment to Lobito Corridor Investments

More Angolan Mining News

Local Gas News

Angola Accelerates Gas-to-Power Initiatives to Strengthen Energy Security and Domestic Capacity

Angola is intensifying its efforts to integrate natural gas into its energy mix, targeting a…
Local Economy News Oil

Angola’s Oil Prices Hold Steady Amid Global Market Fluctuations and Economic Concerns

Luanda – On Monday, Brent crude oil opened trading at USD 72.87 per barrel on…
Transport and Logistics Local News

U.S. Reaffirms Commitment to Lobito Corridor Investments

The United States has reaffirmed its commitment to continuing investments along the Lobito Corridor, confirmed…
Local Expos & Events

Angola Prepares for the 2025 U.S.-Africa Summit

Angolan authorities are meeting today to discuss preparations for the United States-Africa Summit 2025. The…
Gold International News

MetalsGrove Expands into Ivory Coast with Acquisition of Gold Permits

Australian mining company MetalsGrove has signed a Binding Term Sheet to acquire three gold exploration…
International Gas News

ONGC Videsh Commits ₹1,500 Crore to Revive Mozambique LNG Project

ONGC Videsh Ltd. (OVL), the international arm of India's national oil company, has approved a…
International Energy

Nuclear Power Set to Break Records by 2025 Amid Growing Global Demand

Global nuclear power generation is projected to hit record levels by 2025, driven by rising electricity demand, new projects, and technological advancements, according to the International Energy Agency (IEA) report The Path to a New Era for Nuclear Energy. The report outlines the sector’s significant opportunities while highlighting its challenges. Nuclear power currently provides nearly 10% of global electricity, making it the second-largest source of low-emission electricity after hydropower. As global electricity demand is expected

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Corporate News International

OPEC Fund Pledges $30 Million for Egypt’s Landmark Wind Energy Project

The OPEC Fund for International Development (OPEC Fund) has approved a $30 million loan to co-finance Egypt’s 1.1 GW wind energy project, the largest onshore wind initiative in Africa. This loan positions the OPEC Fund alongside key financial partners, including the European Bank for Reconstruction and Development, African Development Bank, British International Investment, Deutsche Investitions-und Entwicklungsgesellschaft, the Arab Energy Fund, Arab Bank, and Standard Chartered Bank, in supporting the $1.1 billion project. Abdulhamid Alkhalifa, President

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Diamonds International News

AWDC Urges Belgian Govt to Support Diamond Industry Amid Economic Crisis

The Antwerp World Diamond Centre (AWDC) has called on the Belgian government to improve the operating environment for the diamond industry, following what it described as a “crisis” year for the sector. Belgium’s total diamond import and export figures fell by 25% in 2023, driven by “significant economic factors” that impacted both domestic and global markets, the AWDC reported. “The diamond industry is facing a severe global crisis,” said Karen Rentmeesters, CEO of AWDC. “Internationally,

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Corporate News Local Oil

Oando Energy Secures Operatorship of Angola’s Block KON 13

The National Agency for Petroleum, Gas, and Biofuels (ANPG), Angola’s upstream regulator, has announced the results of the Limited Public Tender for Block KON 13 in the Kwanza Onshore Basin. Oando Energy, a Nigerian independent exploration and production (E&P) company, has been confirmed as the operator of Block KON 13 with a 45% stake, according to Africoilgasreport. The tender process began on May 24, 2024, and closed on September 3, 2024. ANPG noted that 10%

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Corporate News Diamonds International

Rio Tinto’s Diamond Production Rises as Underground Mining Advances

Rio Tinto reported an 18% year-on-year increase in diamond output for the fourth quarter of 2023, reaching 775,000 carats. The rise follows efforts to ramp up production after addressing ground subsidence issues and transitioning to underground mining at the Diavik mine’s A21 pit. The miner completed the first phase of underground development at A21, where open-pit operations concluded in late 2023. Rio Tinto is now scaling up processing in the area to achieve commercial production.

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Local News Transport and Logistics

EU Commits to Supporting Sustainable Development of Lobito Corridor

The European Union (EU) has expressed its interest in participating in the development of the Lobito Corridor, recognizing its potential for sustainable and inclusive economic diversification, including increased household income in the region. Sylvie Millot, Head of the EU’s Southern Africa and Indian Ocean Unit, confirmed this on Friday in Benguela, following a courtesy meeting with the provincial governor of Benguela. She emphasized that the Lobito Corridor is a key priority for the EU in

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Local News Transport and Logistics

AIA Calls for Feasibility Study to Enhance Lobito Corridor’s Economic Impact

Members of the Angolan Industrial Association (AIA) have emphasized the importance of conducting a feasibility study for the construction of connection branches between key large-scale production centers and the Lobito Corridor. This initiative is seen as a priority to maximize the economic benefits of this significant infrastructure, which serves both the Angolan economy and the southern region of Africa. The message was conveyed by the president of the association, José Severino, who outlined the vast

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Corporate News International

Chevron’s Kapana 1-X Exploration Well in Namibia Yields No Commercial Hydrocarbons

Harmattan Energy, an indirect subsidiary of Chevron, recently drilled the Kapana 1-X exploration well in Namibia’s Orange Basin, but the well did not yield commercial quantities of hydrocarbons. Despite this, the operation provided valuable geological insights, enhancing confidence in future exploration efforts in the region. Chevron had previously obtained an Environmental Clearance Certificate (ECC) from Namibia’s Ministry of Environment, Forestry, and Tourism, enabling it to spud up to ten wells in the country over the

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Corporate News International Oil

Eni CEO Pledges Expanded LNG Operations in Mozambique

Eni CEO Claudio Descalzi has assured Mozambican President Daniel Chapo of plans to expand the Liquefied Natural Gas (LNG) project in the Rovuma Basin, elevating Mozambique’s presence on the global LNG stage. In a congratulatory letter following Chapo’s inauguration, Descalzi reaffirmed Eni’s commitment to strengthening its strategic partnership with Mozambique. He emphasized the company’s dedication to supporting Mozambique’s long-term development through local content initiatives, energy transition efforts, and the implementation of the Coral Norte FLNG

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International Gas Oil

Global Energy Giants Drive Expansion in Libya’s Oil and Gas Sector

Libya’s National Oil Corporation (NOC) and global energy companies TotalEnergies, Eni, OMV, Repsol, and Nabors unveiled ambitious strategies to enhance oil and gas production during the Libya Energy & Economic Summit 2025, held on January 18. TotalEnergies highlighted its exploration progress in Libya’s Sirte and Murzuq basins.“Libya holds 40% of Africa’s reserves, yet much remains untapped,” stated Julien Pouget, Senior Vice President for the Middle East and North Africa. The company plans to finalize an

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