Vital Industry News
DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets Dangote Plans Major Refinery Expansion to Boost Capacity and Create Thousands of Jobs South Africa Turns to US Fuel Imports as Middle East Supply Risks Reshape Energy Trade Senegal Takes Full Control of Yakaar-Teranga Gas Project After Kosmos Energy Withdrawal Rhino Resources Advances Capricornus Oil Discovery Appraisal Offshore Namibia TotalEnergies Expands Local Supplier Spending as Namibia’s Oil and Gas Sector Gains Momentum France Intensifies Push into Namibia’s Oil Sector as TotalEnergies Targets Major Offshore Projects Zambia Secures $1.5 Billion China Deal to Add 900 MW Power Capacity and Strengthen Energy Security Dangote Plans Major East Africa Refinery Expansion as African Leaders Push for Industrial Self-Sufficiency DRC Pushes for Energy Transformation as It Showcases Massive Hydropower Potential at African Energy Forum
Gold Economy International

DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets

Corporate News International Oil

Dangote Plans Major Refinery Expansion to Boost Capacity and Create Thousands of Jobs

International News Oil Petroleum

South Africa Turns to US Fuel Imports as Middle East Supply Risks Reshape Energy Trade

More Angolan Mining News

Gold Economy International

DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets

DR Congo Partners with UAE-Based Paradigm Holdings to Boost Gold Exports Through Dubai Trading Hub…
Corporate News International Oil

Dangote Plans Major Refinery Expansion to Boost Capacity and Create Thousands of Jobs

Aliko Dangote Targets 1.4 Million Barrels Per Day Capacity Expansion at Dangote Refinery, Creating Up…
International News Oil Petroleum

South Africa Turns to US Fuel Imports as Middle East Supply Risks Reshape Energy Trade

South Africa Boosts US Fuel Imports Amid Strait of Hormuz Tensions and Rising Global Shipping…
International Energy Gas News

Senegal Takes Full Control of Yakaar-Teranga Gas Project After Kosmos Energy Withdrawal

Senegal Transfers Yakaar-Teranga Gas Project to State Firm PETROSEN as Kosmos Energy Exits Major Offshore…
International Corporate News Oil

Rhino Resources Advances Capricornus Oil Discovery Appraisal Offshore Namibia

Rhino Resources Launches Capricornus-1A Appraisal Well to Assess Light Oil Discovery in Namibia’s Orange Basin…
Corporate News Gas International Oil

TotalEnergies Expands Local Supplier Spending as Namibia’s Oil and Gas Sector Gains Momentum

TotalEnergies Invests $141 Million in Namibian Suppliers to Boost Local Participation in Offshore Oil and…
International News

Namibia to Host Inaugural Global African Hydrogen Summit in 2024

Namibia has been announced as the host country of the inaugural Global African Hydrogen Summit next September. According to the Namibia Investment Promotion and Development Board, the three-day summit will bring together global leaders, government officials, industry experts, project developers, investors and technologists to drive investments into bankable hydrogen and green energy projects. Green hydrogen is expected to play a crucial role in the global energy transition, particularly in hard-to-abate sectors like steel manufacturing and

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International News

UAE Makes Play for African Renewables

Home to 39% of global renewable energy potential, Africa’s green energy sector offers lucrative opportunities for foreign companies and developers looking to diversify their portfolios, in line with COP28 commitments. For the Middle East, the African continent offers Gulf countries the ability to establish themselves as renewable energy market leaders, while exercising technical expertise and generating returns on investment. Africa is only beginning to understand the full potential of its renewable energy resources. The African

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Oil Gas Local

Five Angolan Drilling Campaigns to Watch in 2024

In 2023, Angola earned the title – along with Nigeria – as the largest hydrocarbon drilling market in sub-Saharan Africa, and may surpass the West African country in 2024 as drilling campaigns extend into the second half of next year. Aligned with the government’s aim to boost oil output to 1.3 million barrels per day, these programs could position Angola as the leading crude oil producer in sub-Saharan Africa in the next five years. The

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Petroleum International News Oil

TotalEnergies to Inject $6B in Nigerian Oil, Gas

TotalEnergies has expressed its readiness to invest six billion dollars in Nigeria’s oil and gas sector, focusing on natural gas and offshore projects. This follows a recent meeting in Abuja between Nigerian President, Bola Ahmed Tinubu, and TotalEnergies CEO, Patrick Pouyanné. Since his inauguration last May, President Tinubu has been active in implementing reforms aimed at attracting foreign investment, particularly in the upstream sector. For TotalEnergies, Nigeria accounts for 8-10% of the French major’s global

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Infrastructure

Top 5 Rail Projects to Watch in Africa

Positive GDP growth, new energy and mining developments, and growing competitiveness of regional supply chains have resulted in surging demand for the development of Africa’s railway sector. As the continent undergoes unprecedented economic development – driven by fast-growing populations and rapid urbanization – Africa’s transport industry is poised to expand and support trade activities, while reducing carbon emissions and lowering transport costs. Accordingly, several African countries have partnered with international financial and development institutions in

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Oil International News Petroleum

AEC Applauds DRC and Nigeria’s Commitment to Global Oil Industry Growth and Stability Through OPEC Cooperation

The Republic of Congo and Nigeria, Africa’s leading oil producers and members of the Organization of the Petroleum Exporting Countries (OPEC), have affirmed their commitment to efforts by OPEC and OPEC+ and its member countries to stabilize the global oil market in 2024 and beyond. During the 36th OPEC and non-OPEC Ministerial Meeting held in November, the organization and its member countries, reached an agreement with participating countries over the production quota for 2024. As

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Gas Energy Local News

Sonangol opens station operated with photovoltaic energy

Sonangol inaugurated, on Friday December 22, in Luanda, a gas station with a photovoltaic energy source, an investment of 254 thousand dollars that constitutes the first of a project of 17 that the company will replicate throughout the country from 2024. The company, which is implementing its energy transition strategy, employs 102 photovoltaic panels at the Anduri Supply Station, located in the municipality of Icolo e Bengo, Estrada Nacional 230, 120 kilometers from the center

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Local News Oil

State sells stake in oil company

The State’s 16.63 percent stake in ACREP, an Angolan oil exploration company, is privatized through an issue of shares, an Initial Public Offering (OPI) authorized by order of the President of the Republic, João Lourenço. The document, published in Diário da República dated December 12, states that the stake, held indirectly by the State, through the Savings and Credit Bank (BPC), is sold under the Privatization Program (PROPRIV) , in March extended to the period

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Oil Local News Petroleum

Exit from OPEC brings autonomy to Angolan oil policy

Angola’s departure from the Organization of Petroleum Exporting Countries (OPEC), announced last week by the Government in Luanda, gives the State greater autonomy in collecting the revenue necessary for economic growth, at a time when projects designed to reverse the natural decline in oil production. These statements were made by the chairman of the Board of Directors of Prodoil (an Angolan oil company with private capital), Pedro Godinho, in statements when reacting to the announcement

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Oil Local News Petroleum

Oil Prices Rebound Despite Exit from OPEC

Oil prices saw a modest recovery on Friday December 22nd, rebounding from earlier declines influenced by Angola’s departure from OPEC, even as ongoing tensions in the Middle East continued to grip the market’s attention. Brent futures closed slightly higher, edging up by eight cents or 0.1 percent to settle at $79.47 a barrel. The Angolan sales benchmark reached $79.79, climbing 0.5 percent from the previous day when news of Angola’s exit had nudged prices down

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