Vital Industry News
South Africa Turns to US Fuel Imports as Middle East Supply Risks Reshape Energy Trade Senegal Takes Full Control of Yakaar-Teranga Gas Project After Kosmos Energy Withdrawal Rhino Resources Advances Capricornus Oil Discovery Appraisal Offshore Namibia TotalEnergies Expands Local Supplier Spending as Namibia’s Oil and Gas Sector Gains Momentum France Intensifies Push into Namibia’s Oil Sector as TotalEnergies Targets Major Offshore Projects Zambia Secures $1.5 Billion China Deal to Add 900 MW Power Capacity and Strengthen Energy Security Dangote Plans Major East Africa Refinery Expansion as African Leaders Push for Industrial Self-Sufficiency DRC Pushes for Energy Transformation as It Showcases Massive Hydropower Potential at African Energy Forum Global Energy Transition Accelerates in 2025 as Renewables and Nuclear Expand PHC Plans Palm Oil Refinery in DRC to Boost Local Value Addition and Reduce Import Gap
International News Oil Petroleum

South Africa Turns to US Fuel Imports as Middle East Supply Risks Reshape Energy Trade

International Energy Gas News

Senegal Takes Full Control of Yakaar-Teranga Gas Project After Kosmos Energy Withdrawal

International Corporate News Oil

Rhino Resources Advances Capricornus Oil Discovery Appraisal Offshore Namibia

More Angolan Mining News

International News Oil Petroleum

South Africa Turns to US Fuel Imports as Middle East Supply Risks Reshape Energy Trade

South Africa Boosts US Fuel Imports Amid Strait of Hormuz Tensions and Rising Global Shipping…
International Energy Gas News

Senegal Takes Full Control of Yakaar-Teranga Gas Project After Kosmos Energy Withdrawal

Senegal Transfers Yakaar-Teranga Gas Project to State Firm PETROSEN as Kosmos Energy Exits Major Offshore…
International Corporate News Oil

Rhino Resources Advances Capricornus Oil Discovery Appraisal Offshore Namibia

Rhino Resources Launches Capricornus-1A Appraisal Well to Assess Light Oil Discovery in Namibia’s Orange Basin…
Corporate News Gas International Oil

TotalEnergies Expands Local Supplier Spending as Namibia’s Oil and Gas Sector Gains Momentum

TotalEnergies Invests $141 Million in Namibian Suppliers to Boost Local Participation in Offshore Oil and…
International News Oil

France Intensifies Push into Namibia’s Oil Sector as TotalEnergies Targets Major Offshore Projects

France Expands Energy Partnership with Namibia Amid Rising Competition for New Oil Frontier France is…
International News Renewable Energy

Zambia Secures $1.5 Billion China Deal to Add 900 MW Power Capacity and Strengthen Energy Security

Zambia has secured a $1.5 billion investment from China Machinery Engineering Corporation (CMEC) to expand…
International News Oil

Nigerian Oil Regulator Expresses Confidence in Exxon Asset Sale to Seplat

The head of Nigeria’s oil regulator said he is “very optimistic” that the oil major Exxon Mobil’s asset sale to Seplat Energy can move forward. The regulator last year refused to approve the $1.28-billion sale, which some in the industry say is key to getting much-needed investment into Nigeria’s oil and gas sector. “We are very optimistic that parties to the transaction will go back, look at the position of the regulator, and come back

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International Mining News

Zambia Set to Announce New Investor for Mopani Copper Mines in October

The Zambian government is expected to make a final decision on the sale of Mopani Copper Mines this month, securing a new investor for the assets it bought from Glencore in 2021, according to a source with knowledge of the matter, as reported by Reuters. Zambia’s Mines Minister, Paul Kabuswe, had initially stated that a new investor for the struggling copper mines would be selected by the end of July. However, the process has been

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Energy International News

Inaugural Africa Energy Expo set to take place in Kigali, Rwanda: Launching a new era of energy in Africa

Africa Energy Expo is primed to foster essential relationships and catalyze strategic investments within the energy sector Informa Markets a leading global exhibition and conference organizer, today announced the launch of the first-ever Africa Energy Expo, set to take place in the vibrant city of Kigali, Rwanda, from 20 to 22 February 2024. This flagship event is designed to facilitate critical discussions, foster collaboration, and drive progress in achieving the UN’s Sustainable Development Goal 7

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Economy Gas International News

European Gas Prices Soar as Israel’s Tamar Field Faces Unexpected Shutdown

Europe faces soaring gas prices as Israel suspends production at the Tamar field due to the Gaza conflict, while a leak in the Baltic pipeline fuels security concerns. Gas prices in Europe have witnessed a significant surge following Israel’s decision to suspend production at its Tamar gas field in the wake of ongoing deadly attacks from Gaza. The conflict, which has claimed over 1,100 lives since the weekend, has prompted Israel’s energy ministry to explore

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Economy Energy International News

South Africa’s Master Plan to Develop Its Gas Market Nears Completion

South Africa’s master plan to develop its gas market is finally ready after repeated delays as it aims to reduce its carbon emissions and avoid chronic power outages that have plagued Africa’s most developed economy for years. The master plan will go to the cabinet before public release, a senior official at the department of mineral resources and energy (DMRE) said on Tuesday 10th October, 2023. “It is done, it is going through the internal

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Energy International News

African Energy Week (AEW) 2024: Harnessing Africa’s Energy Potential, Cape Town Gears Up for Investment from November 4-8

At a time when the African energy industry is facing a variety of challenges, the African Energy Week (AEW) conference serves as a platform for engagement, collaboration, and investment. Since the event’s inception, AEW has facilitated deals, fostered dialogue, and laid the foundation for long-term and sustainable developments to kick off. As such, the African Energy Chamber (AEC) organizers of the AEW conference proudly announces the launch of AEW 2024: Invest in African Energy. Maintaining

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Gold International Mining News

Middle East Tensions Drive Gold Prices to Weekly Peak

Gold prices rose the most since July on Monday 9th October, 2023 as safe-haven demand soared after tensions ramped up in the wake of the Hamas attack on Israel. Spot gold gained 1.0% to $1,850.26 per ounce by 1 p.m. EDT, its highest since Sept. 29. US gold futures were also up 1.0%, trading at $1,863.60 per ounce in New York. The precious metal had risen as much as 1.2% earlier in the session before

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Economy International Mining News

Ensuring the Future of Supply Chains: Critical Minerals Africa 2023

A forward-looking panel at Critical Minerals Africa (CMA) 2023 will explore how technology, sustainable practices, and localization can ensure stable and secure critical mineral supplies, under the theme, “The Future Minerals Economy and the Resilience of Supply Chains.” The panel will be moderated by Olimpia Pilch, Founder and Chief Operating Officer of the Critical Minerals International Alliance, UK. Panelists include Dr. Marit Y. Kitaw, Interim Director of the African Minerals Development Center (AMDC), Ethiopia; Deshan

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Economy Energy International News

Exploring the Role of Natural Gas in the Energy Landscape: Highlights from MSGBC Oil, Gas & Power 2023

The MSGBC region is poised to become a global gas hub owing to its substantial proven resources, million-ton projects, and strategic location. With a major Liquefied Natural Gas (LNG) project coming online in 2024 and new exploration campaigns kicking off, the MSGBC Oil, Gas & Power 2023 conference and exhibition represent the platform to discuss the future of natural gas. During this year’s event, a dedicated panel discussion will take place under the theme, “The

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Economy News Oil

Government Evaluates Options for Fuel Subsidy Adjustment

The government may slow down the removal of fuel subsidies to avoid a repeat of the dissatisfaction witnessed in June, when gasoline prices nearly doubled, said the Finance Minister on Monday in Marrakech, Morocco, where she arrived on Saturday to participate in the annual joint meetings of the International Monetary Fund (IMF) and the World Bank. No decision has been made yet in the ongoing discussions about the 2025 deadline for the gradual elimination of

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