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
Lucara Reports Lower 2025 Earnings as Karowe Underground Expansion Advances
Cascade Natural Resources Boosts Investment in Pensana to Accelerate Longonjo Rare Earths Project
Seplat Accelerates Production Growth with Idle Well Revival Program
Eni Raises Stake in Algeria’s Touat Gas Field to 42.9% After Engie Exit
The Brent barrel, a reference for Angola’s oil exports, closed the week of May 22-26 at $77.14, a price that is more than $10 below the $85 taken as the baseline price in the 2023 State Budget (OGE/2023). It is worth noting that the price has been below $80 for over a month now. On April 26, precisely, the barrel was traded at $77.69, during a period when the highest high was $79.54 and the
President Mokgweetsi Masisi of Botswana has again taken aim at the longstanding partnership with diamond giant De Beers, launching a scathing attack and vowing not to settle for anything less than an improved agreement. The current deal, set to expire next month, grants Botswana a 25% share of rough diamonds mined under the partnership, while De Beers retains the majority. Negotiations for a pact renewal are underway, with Botswana pushing for a higher stake in
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has announced the introduction of six new regulations derived from the Petroleum Industry Act 2021 in Nigeria. These regulations aim to promote sustainable growth in the midstream and downstream sectors of the oil and gas industry, providing clarity for industry operators and regulators. The new regulations are designed to facilitate industry expansion, economic development, and prosperity. They cover various aspects, including midstream and downstream operations,
An influx of cutting-edge technologies and digital innovations in the mining industry are poised to transform the sector while enhancing efficiency, sustainability and safety standards in the extraction and processing of minerals. The increasing digitization of mines will allow service companies and operators to improve accuracy and recoverability, thus reducing carbon emissions and operational costs. Spatial Data Visualization With many mines operating in remote and hostile environments, 3D mapping and modelling will enable mining companies to improve mineral recovery
Angola’s President, H.E. João Lourenço, has affirmed the country’s commitment towards the development of its construction and regional planning sectors to promote socioeconomic development. H.E. President Lourenço’s statements were made during the appointment of a new Secretary of State for Urbanism and Housing, Manuel André da Costa Canguezeze, last week, with the Head of State stressing the importance of infrastructure with regards to diversifying the economy and attracting international investors. “We hope that this appointment and swearing
The diamond market now has a new information portal called “Diamond Impact,” which was launched yesterday with the aim of disseminating social activities carried out by companies in the sector for the benefit of communities. This was launched on Wednesday in Luanda and is managed by the Bumbar Mining Group, a company specializing in industry affairs. The platform provides digital, print, and multimedia information, showcasing community sustainability projects in diamond mining areas for the benefit
With as many as 12 licensing rounds expected to close in West Africa in the coming months, interest from international oil companies (IOC) is expected to bring significant investment into the region’s exploration and development sectors. Following the recent discoveries of sizeable oil and gas plays throughout the continent, new licensing rounds are expected to position West Africa as a frontier exploration hub and usher in a new era of industry growth, energy security and
Amidst increasing efforts by governments worldwide to secure energy supplies following Russia’s invasion of Ukraine, investments in the oil and gas industry are surging. This wave of investment aims to ensure a reliable, affordable, and sustainable energy future. Rystad Talks Energy’s May edition webinar – entitled, ‘Supplying energy security, who has a Part to Play? – focused on the pivotal role of natural gas and liquefied natural gas (LNG) in global energy security. The webinar
The Namibian Government will sign a feasibility and implementation agreement (FIA) with green hydrogen development company Hyphen Hydrogen Energy for the country’s $10 billion green hydrogen project, to be located in the Namib Desert’s Tsau//Khaeb National Park. The deal is expected to be signed on Friday, May 26, and marks the next phase of the project’s development. It also outlines the terms of offtake, which involve exporting Namibian green hydrogen to Europe. The FIA provides
Italian multinational oil and gas major Eni and Angolan National Oil Company Sonangol have signed a Memorandum of Understanding (MoU) to boost cooperation in the agribusiness sector and energy decarbonization. The MoU was signed in Rome during Hon. João Lourenço’s state visit to Italy this week. Claudio Descalzi, CEO of Eni, and Sebastio Pai Querido Gaspar Martins, Chairman of the Board of Directors of Sonangol, signed the agreement. The MoU aims to enhance cooperation between
