Vital Industry News
Angola’s Oil Production Expected to Stagnate Amid Global Challenges Angola’s Gas Master Plan Proposal Reviewed by Council of Ministers Shell Approves Final Investment Decision for Nigeria’s Bonga North Deepwater Project Angola’s Oil Production Falls Short of OPEC Targets Amid Structural Challenges Power Outage Leaves 11 Provinces Without Electricity in Angola Alrosa Deputy CEO Vladimir Marchenko Steps Down for New Industry Role Alrosa Forecasts Diamond Market Stabilization Amid Falling Inventories Tunisia Advances Renewable Energy with 500 MW Photovoltaic Projects BP and Kosmos Energy Launch Gas Production from Greater Tortue Ahmeyim Project Galp and Partners Make Significant Discoveries at Mopane-2A Well in PEL83
Local Economy Oil

Angola’s Oil Production Expected to Stagnate Amid Global Challenges

Gas Local News

Angola’s Gas Master Plan Proposal Reviewed by Council of Ministers

Corporate News International News Oil

Shell Approves Final Investment Decision for Nigeria’s Bonga North Deepwater Project

More Angolan Mining News

Local Economy Oil

Angola’s Oil Production Expected to Stagnate Amid Global Challenges

Angola’s oil production is projected to remain steady at 1.173 million barrels per day in…
Gas Local News

Angola’s Gas Master Plan Proposal Reviewed by Council of Ministers

The Draft Gas Master Plan (PDG) was reviewed last Friday during a Council of Ministers…
Corporate News International News Oil

Shell Approves Final Investment Decision for Nigeria’s Bonga North Deepwater Project

Shell, through its Nigerian subsidiary, has finalized its decision to invest in the Bonga North…
Local News Oil

Angola’s Oil Production Falls Short of OPEC Targets Amid Structural Challenges

Angola’s oil production is set to remain below the targets previously set by the Organization…
Local Energy News

Power Outage Leaves 11 Provinces Without Electricity in Angola

A widespread power outage has left 11 provinces in Angola without electricity following an interruption…
Corporate News Diamonds International

Alrosa Deputy CEO Vladimir Marchenko Steps Down for New Industry Role

Alrosa’s deputy CEO, Vladimir Marchenko, is stepping down from his role to pursue a new…
Local News Transport and Logistics

Challenges and Opportunities in Electrifying Angola’s Lobito Corridor to DRC and Zambia

The USAID representative in Angola, William Butterfield, highlighted several challenges to the electrical interconnection of the Lobito Corridor with the Democratic Republic of Congo (DRC) and Zambia, emphasizing that government subsidies on electricity prices create significant barriers to private investment. “It presents a high barrier for private investment, but the Angolan government is implementing reforms to reduce these ineffective subsidies,” Butterfield stated in a press conference on Wednesday. The U.S. government, through Power Africa and

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Local News Renewable Energy

Sun Africa Secures $1.6 Billion Financing for Solar Energy Projects in Southern Angola

American multinational Sun Africa has secured $1.6 billion in financing from the Export-Import Bank of the United States (EXIM Bank) for solar energy projects in southern Angola. The announcement was made by Sun Africa representative Eguinilson da Silva during the Conference on the Coordination of Support for the Lobito Corridor, held in Lobito, Benguela province. “During the conference, we confirmed the approval of over $1 billion for projects in the south, which Sun Africa is

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Local News Petroleum

Angola’s Minister Highlights Fuel Price as Key Factor in Smuggling Issues

On Wednesday, the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, stated that fuel pricing is the “main variable” driving smuggling in Angola. He advocated for adjusting fuel prices to align with those of neighboring countries. “The primary factor in fuel smuggling is the price difference between us and our neighboring countries. This disparity significantly motivates smuggling. If we eliminate that variable, what will smuggling be for?” Azevedo remarked during the opening of a

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News Gas Local Oil Partnerships

Angola and DRC Sign Enhanced Agreement for Offshore Block 14 Development

Angola’s Ministry of Mineral Resources, Oil and Gas and the Ministry of Hydrocarbons of the Democratic Republic of the Congo (DRC) have signed a revised agreement for the co-development of offshore Block 14. The agreement was formalized during the opening ceremony of the Angola Oil & Gas (AOG) 2024 conference in Luanda on October 2, with Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, and DRC’s Minister of Hydrocarbons, Aime Sakombi Molendo, in

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Local Expos & Events Gas News Oil

Sonangol Reinforces Commitment to Sustainable Hydrocarbon Development

Angola’s national oil company, Sonangol, reaffirmed its commitment to sustainable hydrocarbon development during the Angola Oil & Gas (AOG) conference this week. In an “In-Conversation with” session, Sonangol CEO Sebastião Gaspar Martins emphasized that the company will not abandon oil and gas; instead, it aims to advance decarbonized oil and gas development. By investing in upstream oil and gas production while prioritizing low-carbon projects, Sonangol intends to increase national crude output while diversifying and decarbonizing

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Local News Renewable Energy

Sonangol Partners with Energy Firms for Barro da Dande Green Hydrogen Project

Angola’s national oil company, Sonangol, has signed an agreement with energy companies Conjuncta, CWP, and Gauff for the development of the Barro da Dande green hydrogen project. The agreement, finalized during the Angola Oil & Gas conference on Wednesday, encompasses the design, licensing, financing, engineering, and construction of the facility. Located in the municipality of Barro da Dande, the green hydrogen project aims to produce up to 1,200 tons of ammonia for export to the

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Local Gas News

Chevron to Supply 600 Million Cubic Feet of Gas Daily to Angola LNG by Year-End

Chevron will supply 600 million standard cubic feet of gas per day to the Angola LNG (ALNG) facility by the end of 2024. This development is tied to the Sanha-Lean Gas Connection (SLGC) Project, operated by Chevron’s local subsidiary. The project is set to deliver lean gas to the ALNG onshore plant, with first production expected by Q4 2024. The announcement was made by Billy Lacobie, Managing Director of Chevron’s Southern Africa Strategic Business Unit,

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International Gas News

BP and ADNOC Form Joint Venture to Enhance Natural Gas Operations in Egypt

British Petroleum Exploration, a subsidiary of BP, has partnered with ADNOC International Limited to establish a joint venture that will acquire specific rights to BP’s natural gas concession contracts in Egypt. This collaboration, disclosed to the Egyptian Competition Authority (ECA), focuses on the exploration, extraction, and marketing of natural gas and condensates from designated fields in the country. In August, the Ministry of Petroleum and Mineral Resources announced that the Egyptian Natural Gas Holding Company

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International Gas News

Algeria Initiates Talks for Strategic Trans Saharan Gas Pipeline to Europe

Algeria, along with two other African nations, is set to resume discussions to advance the Trans Saharan Gas Pipeline (TSGP), a proposed 4,000 km gas pipeline aimed at delivering natural gas to Europe. Algerian Energy Minister Mohamed Arkab announced plans to meet with the oil ministers of Nigeria and Niger to discuss the project’s progression. Following a meeting with Niger’s Oil Minister, Sahabi Oumarou, Arkab described the TSGP as a “strategic” initiative poised for realization.

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Renewable Energy International News

Egypt Sets Ambitious Renewable Energy Goals at BRICS Conference

At the BRICS Energy Ministers Conference, Minister of Electricity and Renewable Energy Mahmoud Esmat outlined Egypt’s ambitious objectives, aiming for renewable energy to constitute over 42% of the country’s energy mix and to capture 5-8% of the global green hydrogen market by 2040. In his opening remarks at the conference in Moscow, Esmat emphasized Egypt’s commitment to transitioning to sustainable energy sources, leveraging the country’s abundant solar and wind resources. He explained that Egypt’s strategy

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