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…
Diamonds International News

India and De Beers Push for Clarity and Flexibility Amid G7’s Ban on Russian Diamonds

India, home to 90% of the world’s diamond cutting and polishing industry, and De Beers, the top global rough diamonds producer by value, are seeking clarity and flexibility from G7 countries in implementing a ban on imports of Russian gems. The Group of Seven countries on Wednesday announced a direct ban on Russian diamonds starting January 1 followed by phased-in restrictions on indirect imports of Russian gems from around March 1. Russia is the world’s

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Diamonds International News

G-7 to ban Russian Diamonds starting next year

Group of Seven nations have agreed to ban Russian diamond imports from the start of next year in the latest move to curb Russia’s ability to fund its invasion of Ukraine. While the G-7 and its European allies have been trying to find additional ways to squeeze Russia’s economy to constrain its ability to fund its war in Ukraine, diamonds have remained a stumbling block. Earlier attempts to sanction Russian gems in Europe had met resistance from

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Local Energy News Renewable Energy

COP28: Masdar to Develop 150 MW Solar Plant in Angola

Renewable energy company, Masdar, has signed an agreement with Angola’s Ministry of Energy and Water to develop a 150 MW solar photovoltaic (PV) plant in southern Angola. The solar plant will provide renewable energy to approximately 90,000 homes and is expected to create up to 600 jobs. Announced on December 1 during the COP28 Summit in Dubai, the agreement was signed between  Angola’s Minister of Energy and Water, João Baptista Borges, and Masdar CEO, Mohamed

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International Energy News Renewable Energy

Mozambique: BNI Inks Deal with Emirati AMEA Power for Matambo Solar Project Development

Mozambique’s National Investment Bank (BNI) on Monday December 2nd signed in Dubai an agreement with AMEA Power from the United Arab Emirates valued at 150 million US dollars. The agreement is aimed at developing a photovoltaic solar power plant with an estimated annual capacity of between 125 and 200 MWp (megawatt peak). The agreement was signed during the 28th meeting of the Conference of the Parties to the United Nations Framework Convention on Climate Change

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International Energy Gas News Oil

COP28: Mozambique launches Energy Transition Strategy at Climate Change Summit

Mozambican President Filipe Nyusi launched on Saturday 2nd December, in Dubai, the Energy Transition Strategy for 2023-2030, an initiative intended to place the country at the forefront of climate innovation, as well as making it an attractive investment destination. The launch took place during a panel at the United Nations Climate Change Summit, COP 28. “The Strategy’s mission is to leverage Mozambique’s abundant renewable and natural resources to accelerate the implementation of a low-carbon development

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Oil International News Petroleum

Zimbabwe’s Billion-Dollar Petroleum Pipeline Project Advances with Mozambican Support- Report

Procurement of equipment that will be used in the construction of Zimbabwe’s second petroleum pipeline project valued at over US$1 billion is on course, the deal maker of the lucrative project told the Zimbabwe Independent. Over the past 13 years, the implementation of the strategic project, which is expected to put Zimbabwe into the region’s petroleum hub, hung in the balance as the government worked on modalities to tie up the deal with a suitable

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International Gas News

UK Development Bank Eyes African Gas Projects Potentially in Mozambique

UK development bank British International Investment is still willing to consider funding energy projects in Africa that run on natural gas if they increase electricity access on the continent, according to officials. As the world gears up for the next round of United Nations climate talks, which start in Dubai on Thursday, there’s growing pressure on financial institutions to stop supporting fossil-fuel projects. This has prompted concerns that the fight to tackle global warming could

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Energy News Renewable Energy

COP 28: Italy pledges €5 million to advance sustainable energy in Africa

Italy has committed a new €5 million to support Africa’s sustainable energy initiatives through the Special Fund of the Sustainable Energy Fund for Africa (SEFA). The announcement of this new contribution was made by Vannia Gava, the Italian Deputy Minister of Environment and Energy Security, during a side event at the 2023 United Nations Climate Change Conference, COP28, on Monday 4th December. The event co-organised by Res4Africa Foundation and GSE co-organised focused on the necessity

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International Energy News

TotalEnergies Leads Top Large-Scale Solar PV Developers Globally

French multinational integrated energy company, TotalEnergies, has been ranked as the leading large-scale solar photovoltaic (PV) developer in the world. With a total capacity of 41.3 GW, the supermajor ranks as the top company for projects currently under construction, while also taking the top spot for awarded Power Purchase Agreement (PPA) projects and operational projects, with 29.3 GW and 12 GW, respectively. Targeting data from July 2022 to June 2023, Mercom Capital Group’s Annual Global

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International Energy Gas News Oil

Invictus Energy Extends Rig Contract Onshore Zimbabwe

Independent upstream oil and gas company, Invictus Energy, has extended its contract with European onshore drilling contractor, Exalo Drilling, for its Rig 202 by up to two years at the Cabora Bassa Project in Zimbabwe. The extension will enable Exalo Drilling to undertake maintenance on Rig 202, which will remain stacked at the Mukuyu-2 well, providing for the drilling and testing of future wells within the basin. “The contract amendment…underpins our confidence in the basin and provides us

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