Vital Industry News
Burkina Faso Set to Boost Gold Output as New Mines Come Online Debswana and BPC Partner to Advance Renewable Energy Goals Through REC Agreement Pensana Secures £2-Million Investment Boost as Longonjo Mine Construction Advances South Africa Proposes 10-Year LNG Import Deal with the U.S. to Boost Trade and Energy Security South Africa’s Fuel Crisis Deepens as Refining Capacity Halved Third Fatality Confirmed Following Cabinda Oil Platform Accident Congo Secures AfDB Funding for Hydropower Feasibility Studies at Mbandza Ndounga and Linzolo Eni, Vitol, and GNPC Begin New Drilling Phase to Sustain Production Offshore Ghana Angola Signs 25-Year Risk Service Contract for Block CON 4 to Boost Onshore Oil Development TotalEnergies Eyes Mid-2025 Restart for $20 Billion Mozambique LNG Project
Burkina Faso Set to Boost Gold Output as New Mines Come Online Debswana and BPC Partner to Advance Renewable Energy Goals Through REC Agreement Pensana Secures £2-Million Investment Boost as Longonjo Mine Construction Advances South Africa Proposes 10-Year LNG Import Deal with the U.S. to Boost Trade and Energy Security South Africa’s Fuel Crisis Deepens as Refining Capacity Halved Third Fatality Confirmed Following Cabinda Oil Platform Accident Congo Secures AfDB Funding for Hydropower Feasibility Studies at Mbandza Ndounga and Linzolo Eni, Vitol, and GNPC Begin New Drilling Phase to Sustain Production Offshore Ghana Angola Signs 25-Year Risk Service Contract for Block CON 4 to Boost Onshore Oil Development TotalEnergies Eyes Mid-2025 Restart for $20 Billion Mozambique LNG Project
International Gold

Burkina Faso Set to Boost Gold Output as New Mines Come Online

Corporate News Diamonds International Renewable Energy

Debswana and BPC Partner to Advance Renewable Energy Goals Through REC Agreement

Corporate News Local Mining Projects

Pensana Secures £2-Million Investment Boost as Longonjo Mine Construction Advances

More Angolan Mining News

International Gold

Burkina Faso Set to Boost Gold Output as New Mines Come Online

Burkina Faso is on track to increase industrial gold production in 2025, driven by the…
Corporate News Diamonds International Renewable Energy

Debswana and BPC Partner to Advance Renewable Energy Goals Through REC Agreement

Botswana Power Corporation (BPC) and Debswana Diamond Company have signed a Memorandum of Agreement (MoA)…
Corporate News Local Mining Projects

Pensana Secures £2-Million Investment Boost as Longonjo Mine Construction Advances

London-listed Pensana has secured a fresh £2-million in funding, with £1-million coming from major institutional…
International Gas News

South Africa Proposes 10-Year LNG Import Deal with the U.S. to Boost Trade and Energy Security

South Africa has proposed a long-term agreement to import liquefied natural gas (LNG) from the…
South Africa’s Fuel Crisis Deepens as Refining Capacity Halved
International News Oil

South Africa’s Fuel Crisis Deepens as Refining Capacity Halved

Nearly half of South Africa’s oil refining capacity remains idle, reflecting a sharp decline over…
Local News Oil

Third Fatality Confirmed Following Cabinda Oil Platform Accident

Authorities have confirmed a third fatality resulting from the oil platform accident that occurred on…
Local Corporate News Oil

Agogo FPSO Set to Boost Angola’s Block 15/06 Production

The Agogo FPSO is preparing to sail from China to Angola’s Block 15/06, where it will form part of the Agogo Integrated West Hub Development. Once in place, the FPSO will increase Block 15/06’s production by 120,000 barrels per day, with operations set to begin in late 2025. Completed six months ahead of schedule, the Agogo FPSO is equipped with state-of-the-art features, including a combined cycle power generation unit, advanced electrification and digital automation, a

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Corporate News International Oil

Afentra Increases Reserves and Contingent Resources at Angola’s Block 3/05

Afentra has reported a significant increase in reserves and contingent resources at Angola’s Block 3/05, based on an updated assessment by ERC Equipoise. As of 31 December, the company’s total net 2P working interest reserves rose to 34.2 million barrels, while gross reserves reached 114 million barrels. Over the past 18 months, Afentra achieved a 140% reserve replacement ratio, with newly added reserves surpassing the 11 million barrels produced during this period. The company’s net

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Corporate News International News Oil

Woodside Energy Increases Reserves Estimate for Senegal’s Sangomar Oil Field

Woodside Energy has updated its hydrocarbon reserves estimate for the offshore Sangomar oil field off the coast of Senegal, after analyzing the performance of the S500 reservoirs. The revision has resulted in an addition of 16.2 million barrels of oil equivalent to the proven reserves (1P). With this update, Woodside now estimates the field’s proven and probable reserves (2P) at 15.4 million barrels of oil equivalent, surpassing initial projections. The revised reserve estimate strengthens expectations

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Corporate News Renewable Energy

ACWA Power to Build 2GW Wind Farm in Egypt, Expanding Regional Renewable Energy Reach

ACWA Power, Saudi Arabia’s renewable energy leader, has announced plans to construct, own, and operate a 2GW wind power plant in South Hurghada, Egypt, which is expected to provide electricity to nearly 2 million homes. The project, valued at SAR 8.6 billion ($2.3 billion), is backed by a 25-year power purchase agreement (PPA) with Egypt’s state-run Electricity Transmission Company. ACWA Power aims to reach financial close on the project by next year, pending the completion

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Corporate News International Oil Petroleum

Dangote Refinery to Meet Nigeria’s Fuel Demand

Aliko Dangote, President of Dangote Industries Limited, announced that his refinery has sufficient Premium Motor Spirit (PMS) in storage to meet Nigeria’s full local fuel demand. Dangote made this statement following a visit by Zambia’s Minister of Energy, Mr. Makozo Chikote, and his delegation, who toured the refinery complex. The billionaire businessman revealed that the refinery currently holds over half a billion liters of petroleum products, valued at more than ₦600 billion. “We have more

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International Gas Oil Partnerships

Ghana and São Tomé Leaders Discuss Oil and Gas Cooperation

On Friday, 21 February, Ghana’s President John Mahama welcomed President Carlos Manuel Vila Nova of São Tomé to Accra for a two-day working visit aimed at enhancing bilateral cooperation between the two nations. The discussions primarily centered on oil and gas production, a sector in which both countries have shared experiences. In attendance at the meeting were Ghana’s Chief of Staff Julius Debrah, National Security Advisor Prosper Bani, and Foreign Affairs Minister Sam Okudzeto Ablakwa,

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International Gas News

BP’s Senegal-Mauritania LNG Project Nears First Export

BP’s Greater Tortue Ahmeyim (GTA) LNG project is set to load its first cargo within weeks, according to junior partner Kosmos Energy. The BP-led project began LNG production earlier this year, as detailed in Kosmos Energy’s 2024 earnings report. The first cargo is expected later this quarter, with an LNG tanker already positioned at the Hub Terminal, ready for loading. Kosmos Energy confirmed that gas from GTA’s first phase began flowing from production wells to

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Corporate News International Renewable Energy

Neosun Energy to Build Solar Power System for Jetpark in Johannesburg

Neosun Energy has secured a contract with Palisades Business Park to install a solar power system at Jetpark in Johannesburg, South Africa. The project aims to reduce grid electricity consumption and lower operational energy costs**. The grid-tied solar PV system will feature 1,380 Longi 580W N-type panels, providing an 800 kWp installed capacity. Designed for maximum efficiency, the system is expected to generate approximately 1.347 GWh of clean energy annually, offsetting nearly 55% of Jetpark’s

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International News Renewable Energy

Mozambique’s Solar Power Grows 18.6% in 2024 but Remains Below 1% of Total Production

Electricity generation from solar parks in Mozambique increased by 18.6% in 2024, yet it still accounts for less than 1% of the country’s total production, according to official data reviewed by Lusa. The budget execution report for January to December 2024 shows that solar power production from five large solar parks and smaller plants exceeded 101,247 megawatt-hours (MWh), up from 85,343 MWh in 2023. However, the government’s target of 138,808 MWh for the year was

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International Gas News

ExxonMobil Reaffirms Commitment to Mozambique’s LNG Project

ExxonMobil’s President for Upstream, Dan Ammann, led a company delegation that met with Mozambican President Daniel Chapo today, reaffirming the company’s commitment to Mozambique and the liquefied natural gas (LNG) project in Cabo Delgado. According to a statement from the Presidency of the Republic, Ammann emphasized the strong collaboration between the Mozambican government and international partners to advance the LNG project. “It was a pleasure to meet His Excellency President Chapo. We discussed our commitment

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