Vital Industry News
Exploration Well Offshore Gabon Finds No Hydrocarbons but Development Plans Continue S&P Global Downgrades Botswana’s Sovereign Ratings Amid Diamond Market Weakness 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
International News Oil

Exploration Well Offshore Gabon Finds No Hydrocarbons but Development Plans Continue

Diamonds International News

S&P Global Downgrades Botswana’s Sovereign Ratings Amid Diamond Market Weakness

International Gas News Oil

Nigeria Seeks to Strengthen Its Position in Global Oil and Gas Supply

More Angolan Mining News

International News Oil

Exploration Well Offshore Gabon Finds No Hydrocarbons but Development Plans Continue

Offshore Gabon Exploration Well Finds Water Instead of Oil as Etame Drilling Program Continues An…
Diamonds International News

S&P Global Downgrades Botswana’s Sovereign Ratings Amid Diamond Market Weakness

Botswana Credit Rating Cut to BBB- by S&P Global as Diamond Market Struggles Persist On…
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…
News Diamonds International

Lucapa Reconsiders Merlin Plans Amid Weak Market

Lucapa Diamond Company has put its feasibility study for the Merlin mine on hold while it weighs a smaller-scale, lower-cost alternative in light of a prolonged softening in demand for rough. The plan will take into account lower production and cost options for the Australia deposit, which Lucapa acquired in 2021, it said Monday November 20th. The options under examination include using existing resources such as the trial mining plant and other equipment to get

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International Gas News Oil

Eco (Atlantic) Oil & Gas Acquires Guyana Offshore Assets

Oil and gas exploration company Eco (Atlantic) Oil & Gas has received approval from Guyana to acquire a 60% interest in the country’s offshore Orinduik Block from independent oil and gas exploration and production company Tullow Oil. The company will assume operatorship of the block through an upfront payment of $700,000 and contingent consideration in the event of a commercial discovery. With approval from Guyana’s Minister of Natural Resources, Vickram Bharat, Eco (Atlantic) Oil &

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Local Gas News Oil Petroleum

Angola Secures 53 Bids in Latest Onshore Tender

Following the deadline for submissions for Angola’s recent onshore tender on November 15, 2023, the country received 53 bids. The round featured 12 blocks in the Lower Congo and Kwanza basins. Of the total 53 bids received by Angola’s national concessionaire, the National Oil, Gas and Biofuels Agency (ANPG), 22 bids were submitted for four blocks in the Congo Basin. These included CON 2, CON 3, CON 7 and CON 8. Block CON 8 alone

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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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