Vital Industry News
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 Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa
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

Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

More Angolan Mining News

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…
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…
Gas International News

Africa in a Strong Position to be a Global Gas Exporter

Africa’s natural gas industry is set to see gradual year-on-year (YoY) growth in 2024, with Liquefied Natural Gas (LNG) flows alone expected to show 8% YoY growth. According to a 2024 Outlook report released by the African Energy Chamber (AEC) – produced in partnership with global market intelligence firm Rystad Energy – given the continent’s strong trade ties with Europe, existing infrastructure and substantial natural gas potential, Africa has the potential to become a much

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Oil Energy Gas Local News Petroleum

ANPG signs MOU with JES University

The National Oil, Gas and Biofuels Agency (ANPG) and the José Eduardo dos Santos University signed, last week a Memorandum of technical and scientific cooperation to support companies in the oil sector. The signing of the Memorandum took place during the workshop that dealt with the strategy for launching the biofuels sector, within the scope of implementing the obligations of the recently approved Kyoto Protocol. The head of ANPG’s Energy Integration and Biofuels Department, Vita

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Local Gas News Oil

Angola bets on Decarbonization and reducing the Greenhouse effect

The country is aware of the need to maintain a balance between defending the planet, with decarbonization and reducing the greenhouse effect, and the need to improve the quality of life of citizens, with the exploration of fossil fuels. The statement was made by the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, who was speaking, Thursday, in Luanda, at the 3rd edition of the Round Table addressed to the CEO 2023 (executives) of

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Local Oil Petroleum

Sonangol reactivates onshore operations in the Kwanza Basin in Block KN 11

Sonangol (operator of Block KON-11), located in the Kwanza Onshore Basin announced, Wednesday, that it has completed the drilling of the “Tobias-13” well, with a total depth of 960m. In a press release, the state oil company said that the preliminary assessment of the main reservoir indicates the presence of hydrocarbons, whose production potential will be assessed after the completion of the drilling of a second well in the same block, “Tobias-14”, already underway. “The

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Local Energy Gas News

Angola LNG Completes 100th Butane Loading at Soyo Terminal

The Pacificator vessel, operating under Sonangol Gás e Energias Renováveis, recently docked at the Soyo terminal, marking Angola LNG’s significant milestone of the 100th pressurized butane cargo shipment. This achievement signifies a pivotal moment for the company, as highlighted in a statement. It underscores Angola’s strides in the energy sector through harnessing its natural gas resources. Notably, Angola achieved self-sufficiency in butane gas production back in 2017, a testament to the company’s commitment and partnerships.

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Local Oil Petroleum

50 Oil Blocks Open for Investment in Angola by 2025

The National Oil, Gas, and Biofuels Agency (ANPG) outlined its strategy to auction off 50 oil blocks by 2025 to bolster and stabilize national oil production. This initiative was highlighted by Paulimo Jerónimo, the president of ANPG’s Board of Directors, during the launch of bidding proposals for the exploration of the Lower Congo and Kwanza Onshore Basins in Luanda. Jerónimo emphasized Angola’s conducive business environment and flexibility in negotiations, underscoring the commitment to offering approximately

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Local Energy Oil Petroleum

Block 15 Set to Achieve Daily Production Milestone of 30,000 Barrels in 2024

Block 15, marking 20 years of operation in Angola, aims to achieve an average production milestone of 30,000 barrels per day in the coming year, announced Melissa Bond, ExxonMobil’s General Director. Situated about 145 kilometers off the Zaire province coast, Block 15 has seen significant success, reaching an accumulated production of 2.5 billion barrels since its discovery in April this year. ExxonMobil’s investments exceeding $30 billion have resulted in 18 commercial discoveries within the block,

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Local Diamonds Gas Mining Oil

Mining sector sees Potential of Cuanza-Sul

The copper and diamond mines in Cuanza-Sul province hold the potential to amplify local mining operations and broaden the avenues for wealth creation. This vision was emphasized recently by João Chimuco, the Executive Administrator of the National Mining Resources Agency. During his recent visit to Sumbe, the capital of Cuanza-Sul province, João Chimuco emphasized the necessity for collective involvement to effectively translate potential wealth into tangible resources. Following a courtesy meeting with the vice-governor for

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Gas International News

Uganda and Tanzania to study viability of Gas Pipeline

Uganda and Tanzania have inked an agreement to conduct a feasibility study for a gas pipeline connecting Tanzania’s expansive yet secluded deepwater gas fields to Kampala, as stated by the energy ministers of the two countries. Tanzania is currently awaiting cabinet approval for a $42 billion liquefied natural gas (LNG) project aimed at tapping into its substantial 57.5 trillion cubic feet of natural gas reserves. In May, Tanzania’s energy ministry reached an agreement with Equinor

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Gas International Oil Petroleum

Dangote Unveils 300,000-Barrel Daily Refinery License

African billionaire, Aliko Dangote, has announced that his refinery has obtained a license to process over 300,000 barrels of Nigerian crude daily and will commence gasoline production soon. “We don’t want to start our refinery with foreign goods, we want to start with the Nigerian crude,” the billionaire said in an interview in Riyadh on the sidelines of the Saudi-Nigeria business roundtable. “We’re more than ready and you will see our gasoline products soon.” The

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