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…
Economy Energy Local News

Financial Package Finalized for Construction of Cabinda Refinery

Gemcorp Holdings Limited (GHL), the Africa Finance Corporation (AFC), and the African Export-Import Bank (Afreximbank) announce, in a statement released this Thursday, the completion of the financial package for the construction of the Cabinda Refinery, valued at $335 million. The project, valued at $473 million, is financed with $138 million in resources already provided by its shareholders and $335 million in project financing provided by a banking syndicate led by AFC, Afreximbank, and a group

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Gas International News Oil

Exploration Bonanza: Shell Finds More Oil and Gas Offshore Namibia

Shell announced on Wednesday that it has successfully completed drilling a fourth exploration well, Lesedi-1X, in Namibia, confirming the presence of hydrocarbons. In recent years, Shell and France’s TotalEnergies have made multiple oil and gas discoveries off the coast of Namibia, leading to a significant increase in exploration activity in the region. According to Shell’s statement, data obtained from the successful fourth drilling has confirmed the presence of hydrocarbons. However, further evaluation is required to

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Energy Gas International News

From Big Oil to Big Hydrogen: Inside UAE’s New Energy Strategy

The UAE has set ambitious targets to become a major producer of hydrogen as part of its revised energy strategy. An official from the country’s energy ministry announced that the UAE aims to produce 1.4 million tonnes of hydrogen annually by 2031, with expectations to increase that figure to 15 million tonnes by 2050. As one of the world’s leading oil exporters, the UAE is now shifting its focus to hydrogen production to align with

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Diamonds International News

De Beers-Botswana Partnership Achieves Significant Milestone, Bolstering National Revenue

The recent agreement signed between the government and De Beers, the renowned diamond mining company, has been widely regarded as a significant milestone for the country. This deal promises to bring additional revenue, technological advancements, and employment opportunities, offering numerous benefits to the nation. During a press conference held in Gaborone, Minister of Minerals and Energy, Mr Lefoko Moagi, highlighted the key aspects of the new Sales Agreement. According to the agreement, the Okavango Diamond

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Diamonds International News

Lucapa Diamond Company’s Stephen Wetherall steps down

Lucapa Diamond Company has announced that its MD and CEO, Stephen Wetherall, will step down at the end of this month. The board has resolved that Nick Selby, appointed as Executive Director Operations in September 2017, will be appointed as Interim CEO on Wetherall’s exit, and continue in the role while an executive search for a new CEO and MD is undertaken. Selby’s material terms of employment will be unchanged from those disclosed in the

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Economy Energy International News

TotalEnergies will begin executing $27 billion Iraqi projects within a month

French energy giant TotalEnergies will start work on a $27-billion oil and gas contract with Iraq within one month citing a top official. Iraq, which controls the world’s fifth largest proven oil reserves, signed the massive deal with the French firm to develop its oil, gas and renewable energy sector on Monday. It is the largest foreign investment in the history of the war-torn Arab nation. Under the agreement, the four projects specified by the contract will have to

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Energy Gas News Oil

CV&A Joins Angola Oil and Gas 2023 as Strategic Partner

Energy Capital and Power (ECP), the leading investment platform for the African energy sector, is proud to announce its strategic partnership with CV&A Consultores em Comunicação (CV&A) for the highly anticipated Angola Oil and Gas (AOG) conference and exhibition – taking place in Luanda this year from September 13-14.  Under the theme, ‘Angola Oil & Gas: Energy Security, Decarbonization and Sustainable Development’, AOG 2023, organized by ECP, brings together global industry leaders, government representatives, investors and key

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Energy International News

Cabinet commends Saudi Arabia and France’s cooperation in energy field

The Cabinet commended the joint statement issued by the Kingdom and France on cooperation in the field of energy and the keenness of the two countries to implement the United Nations Framework Convention on Climate Change and the Paris Agreement. JEDDAH — The Cabinet, chaired by Custodian of the Two Holy Mosques, King Salman on Tuesday at Al-Salam Palace in Jeddah, was briefed on the outcome of the official visit of Crown Prince and Prime Minister

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Energy Gas International News

Algeria, TotalEnergies sign new contracts to boost gas output

The companies will increase output from two Sahara desert fields in southeastern Algeria, for export to France and elsewhere in Europe Algeria’s state oil company Sonatrach said Sunday it had signed contracts to boost gas production under an existing agreement worth about $740 million with French giant TotalEnergies. The companies will increase output from two Sahara desert fields in southeastern Algeria, for export to France and elsewhere in Europe, the company said in a statement.

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Economy Gold International News

Gold near 3-week high on dollar dip, eyes on US inflation data

Gold prices reached a nearly three-week high on Tuesday 11th of July 2023, supported by a weaker dollar, as investors awaited U.S. inflation data that could impact the Federal Reserve’s decision on interest rate hikes. At 1223 GMT, spot gold was up 0.4% at $1,932.69 per ounce, marking its third consecutive session of gains. U.S. gold futures also rose 0.4% to $1,938.20. UBS analyst Giovanni Staunovo commented on the reaction to the U.S. inflation data,

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