Vital Industry News
Angola’s Brent Oil Exports Surge as Prices Hit Three-Month High Angola’s Oil Production to Plateau at 1.173 Million Barrels Per Day in 2025 Quilemba Solar Project Set to Begin in 2025 with Key Agreements Signed Mali’s Gold Seizure Forces Barrick Gold to Suspend Operations at Loulo-Gounkoto Mali Seizes Barrick Gold’s Assets Amid Growing Tensions in Mining Sector Nigeria’s Rising US Oil Imports and the Dangote Refinery’s Impact on Global Crude Flows Namibia Stays Optimistic Amid Shell’s $400M Write-Down in Offshore Oil Exploration Dangote Refinery Expands Crude Oil Storage with New Tanks BP Advances Drilling Projects at Raven Gas Field and Mediterranean Exploration Red Sky Energy Acquires 35% Stake in Angola’s Block 6/24
Local News Oil

Angola’s Brent Oil Exports Surge as Prices Hit Three-Month High

Oil Local News

Angola’s Oil Production to Plateau at 1.173 Million Barrels Per Day in 2025

Local News Renewable Energy

Quilemba Solar Project Set to Begin in 2025 with Key Agreements Signed

More Angolan Mining News

Local News Oil

Angola’s Brent Oil Exports Surge as Prices Hit Three-Month High

Brent crude oil, the benchmark for Angola's exports, surged 3.69% on Friday to close at…
Oil Local News

Angola’s Oil Production to Plateau at 1.173 Million Barrels Per Day in 2025

Oxford Economics, a British consultancy firm, forecasts that Angola's oil production will stagnate at 1.173…
Local News Renewable Energy

Quilemba Solar Project Set to Begin in 2025 with Key Agreements Signed

The long-awaited Quilemba Solar project is poised to begin in 2025, following a recent agreement…
Corporate News Gold International

Mali’s Gold Seizure Forces Barrick Gold to Suspend Operations at Loulo-Gounkoto

Barrick Gold has announced the temporary suspension of operations at its Loulo-Gounkoto mining complex in…
Corporate News Gold International

Mali Seizes Barrick Gold’s Assets Amid Growing Tensions in Mining Sector

Mali has begun removing gold from Canadian mining giant Barrick Gold's Loulo-Gounkoto mine using helicopters,…
Oil Corporate News International

Nigeria’s Rising US Oil Imports and the Dangote Refinery’s Impact on Global Crude Flows

In an uncommon move for an oil-producing nation, Nigeria—a significant net exporter of petroleum—imported 47,000…
Environment Social Governance (ESG) Economy

Angola’s debt to China drops to USD 21.4 billion

Angola’s debt to China fell by USD 351 million in the first quarter, to USD 21.4 billion, according to data from REDD Intelligence. The rise in oil prices is helping the Portuguese-speaking African country, the second largest oil producer in sub-Saharan Africa, to reduce debt to Chinese creditors, according to data quoted by the South China Morning Post. Angola´s debt to Chinese creditors has remained stable at USD 22 billion in the last two years, but

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Environment Social Governance (ESG) Infrastructure

China Gezhouba Group Company reaches deal with workers at Angolan hydroelectric project of Caculo Cabaça

Workers at the Angolan hydroelectric project of Caculo Cabaça and the management of the Chinese contractor China Gezhouba Group Company (CGCG) signed a collective agreement to improve working conditions. Following protests at the site that resulted in fatal clashes between workers and the police, the agreement was signed in the presence of the Angolan Minister of Energy and Water, João Baptista Borges, who suggested, on the occasion, the creation of a monitoring committee “to verify

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Diamonds Mining

Angola seizes stake in nation’s biggest diamond miner from LLI International (China)

Angola has seized a stake in the nation’s biggest diamond miner, from LLI International, a unit of China Sonangol, that was previously a well-connected Chinese investor in the country. “The attorney-general’s Office of the Republic of Angola blocked LLI’s participation in Catoca in 2021 and transferred control of this 18 per cent stake to the state body IGAPE,” which manages government shares in companies, Catoca said in a statement released this month. The move gives Angola 59

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Mining Oil

Positioning Angola as a Globally Competitive Mineral Producer

As Angola celebrated the 37th anniversary of Mining Labor Day this year, strategic developments across its mining sector are positioning the country as a globally competitive mineral producer While Angola takes the place as the third-largest oil producer in Africa – with production measured at 1.14 million barrels per day in 2021 – the country has also recently made headway in mineral wealth extraction. In 2022, the Ministry of Mineral Resources, Oil and Gas is

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Energy Environment Social Governance (ESG)

Natural Gas Exploitation Key To Solving Africa’s Deforestation, Emissions and Energy Security Issues

Africa’s natural gas resources provide the continent with an opportunity to speed up the energy transition, reduce emissions and deforestation while at the same time addressing energy security Despite having 620 trillion cubic feet of natural gas reserves, Africa’s over reliance on wood-based biomass energy remains high, resulting in an increase in land degradation, deforestation and greenhouse gas emissions, and in over 900 million people across the continent living without access to clean cooking. However,

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Energy Environment Social Governance (ESG)

Angola Joins the EITI as Africa’s 28th Member

The board for the international non-profit organization, the Extractive Industries Transparency Initiative (EITI), has approved Angola’s application to become a member of its standards, demonstrating the southern African country’s commitment to the implementation of transparency practices in the extractive sector. With the approval, Angola becomes the 57th member country of the organization and the 28th from Africa. With the fight against corruption serving as the cornerstone of Angolan President, H.E. João Lourenço’s administrative policies since taking office

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Energy Gas Local Oil

TotalEnergies Invests $850 Million in Angolan Project

Angola’s National Agency of Petroleum, Gas and Biofuels (ANPG), along with French oil and gas supermajor, TotalEnergies, and its partners have made a Final Investment Decision (FID) of $850 million for the launch of the CLOV Phase 3 Project in Block 17, offshore Angola.  The investment is expected to increase production while reducing operating costs through the standardization of subsea equipment, innovative engineering, and contractual structures.  Situated approximately 150km off the Angolan coast in the

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Energy Local

The Service Sector Enables Angola’s Energy Expansion

As a diverse sector with a large consumer base and offering a complex range of services, Angola’s energy sector is responsible for the manufacture, distribution, and supply of energy to both the southern African country’s domestic population and its businesses. Extensive support is available from the tertiary sector of the economy for Angola’s energy industries via key service companies.  These specialize in fields such as logistics; transportation; professional services; telecommunications and media; human resource management;

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Energy International

U.S. Commits $2 Billion for Solar Deployment in Angola

The United States (U.S.) Government, with support by the U.S. Department of Commerce and the Export-Import Bank of the United States, has facilitated a partnership between the Government of Angola and U.S.-based project development firms, AfricaGlobal Schaffer and Sun Africa, for the mobilization of $2 billion to develop a solar project in the southwestern African nation. The project will include the development of solar mini-grids, home power kits and solar-to-power telecommunications. Announced by U.S. President Joe

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Oil Gas Local Petroleum

Calculating Costs for Oil and Gas Projects

Oil Field Calculator is an Angolan company offering customized solutions to project costs for energy and industrial projects. Energy Capital & Power spoke to Silverstre Lombo, CEO of Oil Field Calculator to understand the firm’s technology and services and the impact it has on the Angolan energy sector. Oilfield Calculator is an Angolan company established to produce cost estimations for the oil and gas industry since 2017. Please tell us more about the inception of your

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