Vital Industry News
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 Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves
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

Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

More Angolan Mining News

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…
International News Oil

Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium

Oil Surges 25% to Highest Since 2022 Amid Iran War, Driving Vegoils and Aluminium Prices…
Gas International News Oil

AOG 2023 Commences with Minister Diamantino Azevedo’s Inaugural Address

Under the theme ‘Energy Security, Decarbonization, and Sustainable Development,’ the fourth edition of the Angola Oil & Gas (AOG) 2023 Conference and Exhibition officially kicked off with addresses by Angola’s Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo; Democratic Republic of the Congo (DRC) Minister of Hydrocarbons, Didier Budimbu Ntubuanga; OPEC Secretary-General, Haitham al Ghais, and Executive Chairman for the African Energy Chamber, NJ Ayuk. The Opening Ceremony also featured a Special Address by

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Economy Local News Oil

OPEC Expresses Confidence in Projected Demand Surge

On Tuesday 12th September, 2023, OPEC maintained its predictions of robust global oil demand growth for 2023 and 2024, citing signs that major economies are performing better than expected despite adverse conditions such as high interest rates and elevated inflation. The headquarters of the Organization of the Petroleum Exporting Countries in Vienna Global oil demand is set to increase by 2.25 million barrels per day (bpd) in 2024, compared to the growth of 2.44 million

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Economy International News Oil

Dollar and Oil Prices Decline While Gold Surges on Tuesday

Benchmark US crude oil for October delivery rose $1.55 to $88.84 a barrel on Tuesday 12th of September,2023. Brent crude for November delivery rose $1.42 to $92.06 a barrel. Wholesale gasoline for October delivery rose by 1 cent to $2.73 a gallon. October heating oil fell by 3 cents to $3.33 a gallon. October natural gas rose by 13 cents to $2.74 per 1,000 cubic feet. Gold for December delivery fell by $12.10 to $1,935.10

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International News Oil

International Oil Companies Invited by Iraq to Explore New Oil and Gas Opportunities

Iraq has invited global oil companies to bid for new oil and gas concession areas as part of its sixth round of licenses announced in June. In an address at an oil project conference and exhibition that was opened in the capital Baghdad on Sunday 10th September 2023, Iraqi Oil Minister Hayan Abdel Ghani said Baghdad is pursuing a drive to maximize the country’s gas deposits to slash imports from nearby Iran. “We hope that

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Gas Local News Oil

AOG 2023 Launches with Excitement and Anticipation

With one day left before the fourth edition of the Angola Oil & Gas (AOG) Conference & Exhibition – which kicks off this Wednesday at Centro de Convenções Talatona (CCTA) – conference organizers Energy Capital & Power are gearing up to welcome a prominent line-up of energy ministers, industry leaders, financiers, and national and international oil executives to one of Africa’s most influential energy markets. AOG 2023 serves as the annual meeting place for the

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Local News Oil

Oil Prices Retreat After Recent Gains

The oil prices fell on Monday, even though a week ago, Saudi Arabia and Russia had announced new production cuts, driving prices to a ten-week high. Oil prices drop despite Saudi Arabia and Russia’s maintenance of cuts. Saudi Arabia and Russia announced last week that they would extend voluntary cuts of a combined total of 1.3 million barrels per day (bpd) until the end of the year. The price of Brent (the benchmark for Angolan

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Local Oil Petroleum

Sonangol receives second Oil Tanker

Sonangol received, on Tuesday 12th September, the second oil tanker of the Suezmax type, in the city of Mokpo, South Korea, ordered from the company Hyundai Samho Heavy industries. For the vessel’s godmother, named “Sonangol Njinga Mbande”, in honor of the sovereign Queen of the Kingdom of Ndongo and Matamba, the choice fell to the First Lady of the Republic, Ana Dias Lourenço. In carrying out the ritual dictated by the ancient tradition of sailors,

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Diamonds Economy Local

Rio Tinto prospecting for Quimberlito in Chiri

The Australian multinational Rio Tinto, the second largest minerals company in the world, began prospecting operations for kimberlites and diamonds in the commune of Chiri, province of Lunda-Norte, informed the company’s general director. The four-year prospecting phase takes place in a 75 hectare or 108 square kilometer mine, under the terms of a mining investment contract in Quimberlito do Chiri signed between the Ministry of Mineral Resources, Oil and Gas, Endiama and Rio Tinto ,

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International Renewable Energy

G20 Divided on Oil as Renewable Energy Commitment Triples

The future of fossil fuels, the main cause of the increasingly severe climate crisis, is this year at the center of international negotiations that will culminate in December, at COP28. The G20 expressed itself, last Saturday, deeply divided in relation to oil, deciding not to call for an exit from fossil fuels, but rather to support, for the first time, the tripling of renewable energies by 2030. The G20’s commitment to renewable energies, reached at

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Gas Local Oil

KCA Deutag Secures $60M Contract Extension in Angola

KCA Deutag, an international oil and gas services company, has secured a one-year contract extension for the provision of core drilling and maintenance services on two offshore platforms in Angola. The $60 million deal will see KCA Deutag maintain its provision of crane operations, maintenance services, equipment management, and rental services for the Angolan client for an additional year. The deal increases the firm’s operations on the Angolan assets to over 10 years. Ole Maier,

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