Vital Industry News
Angola Accelerates Gas-to-Power Initiatives to Strengthen Energy Security and Domestic Capacity Angola’s Oil Prices Hold Steady Amid Global Market Fluctuations and Economic Concerns U.S. Reaffirms Commitment to Lobito Corridor Investments Angola Prepares for the 2025 U.S.-Africa Summit MetalsGrove Expands into Ivory Coast with Acquisition of Gold Permits ONGC Videsh Commits ₹1,500 Crore to Revive Mozambique LNG Project Cassava Technologies and Microsoft Launch Renewable Energy Training in South Africa Botswana Seeks Relief as Power Crisis Deepens Cobre Launches Deep Drilling at Kitlanya West in Botswana Lucara Takes Direct Control of Karowe Underground Expansion
Angola Accelerates Gas-to-Power Initiatives to Strengthen Energy Security and Domestic Capacity Angola’s Oil Prices Hold Steady Amid Global Market Fluctuations and Economic Concerns U.S. Reaffirms Commitment to Lobito Corridor Investments Angola Prepares for the 2025 U.S.-Africa Summit MetalsGrove Expands into Ivory Coast with Acquisition of Gold Permits ONGC Videsh Commits ₹1,500 Crore to Revive Mozambique LNG Project Cassava Technologies and Microsoft Launch Renewable Energy Training in South Africa Botswana Seeks Relief as Power Crisis Deepens Cobre Launches Deep Drilling at Kitlanya West in Botswana Lucara Takes Direct Control of Karowe Underground Expansion
Local Gas News

Angola Accelerates Gas-to-Power Initiatives to Strengthen Energy Security and Domestic Capacity

Local Economy News Oil

Angola’s Oil Prices Hold Steady Amid Global Market Fluctuations and Economic Concerns

Transport and Logistics Local News

U.S. Reaffirms Commitment to Lobito Corridor Investments

More Angolan Mining News

Local Gas News

Angola Accelerates Gas-to-Power Initiatives to Strengthen Energy Security and Domestic Capacity

Angola is intensifying its efforts to integrate natural gas into its energy mix, targeting a…
Local Economy News Oil

Angola’s Oil Prices Hold Steady Amid Global Market Fluctuations and Economic Concerns

Luanda – On Monday, Brent crude oil opened trading at USD 72.87 per barrel on…
Transport and Logistics Local News

U.S. Reaffirms Commitment to Lobito Corridor Investments

The United States has reaffirmed its commitment to continuing investments along the Lobito Corridor, confirmed…
Local Expos & Events

Angola Prepares for the 2025 U.S.-Africa Summit

Angolan authorities are meeting today to discuss preparations for the United States-Africa Summit 2025. The…
Gold International News

MetalsGrove Expands into Ivory Coast with Acquisition of Gold Permits

Australian mining company MetalsGrove has signed a Binding Term Sheet to acquire three gold exploration…
International Gas News

ONGC Videsh Commits ₹1,500 Crore to Revive Mozambique LNG Project

ONGC Videsh Ltd. (OVL), the international arm of India's national oil company, has approved a…
International Diamonds Gold

US Sanctions Uncover Global Gold Smuggling and Money Laundering Network

The United States has imposed sanctions on 28 individuals and businesses in the diamond and jewelry industry, accusing them of involvement in a global gold-smuggling and money-laundering operation. The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) revealed that the operation is based in Zimbabwe and led by Kamlesh Pattni, a Kenyan businessman infamous for his role in the 1990s Goldenberg gold-trading scandal. After fleeing to Zimbabwe, Pattni was allegedly involved in

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Corporate News Exploration International Oil

QatarEnergy Strengthens Offshore Presence in Namibia with Block 2813 Stake

QatarEnergy has expanded its upstream portfolio in Namibia by acquiring a 27.5% working interest in Block 2813 under a new agreement with Harmattan Energy Limited (HEL), the operator of the block. Announced on Sunday, the agreement confirms HEL, an indirect subsidiary of Chevron Corporation, as the majority stakeholder with a 52.5% interest. The remaining partners, Trago Energy Limited and the National Petroleum Corporation of Namibia (NAMCOR), each hold a 10% interest, according to QatarEnergy’s press

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Corporate News International

88 Energy Identifies Hydrocarbon Potential in Namibia’s Owambo Basin

88 Energy Limited has uncovered 10 independent structural closures with significant hydrocarbon potential in Namibia’s Owambo Basin. This discovery follows an initial analysis of 2D seismic data within the southern region of Petroleum Exploration Licence 93 (PEL 93). The identified closures, characterized by large structural formations—some exceeding 100 km² in size with substantial vertical relief—show promising indications of hydrocarbon charge from nearby source rocks. Monitor Exploration Limited, the operator of PEL 93’s exploration program, recently

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Corporate News Renewable Energy

Sturdee Energy and Frans Indongo Group to Build 20 MW Solar Projects in Namibia

Sturdee Energy and the Frans Indongo Group have partnered to develop two solar power projects in Namibia, located in Mariental and Kokerboom, each with a 10 MW capacity, for a combined total of 20 MW. The initiative is backed by a USD 27.98 million investment, with RMB Namibia serving as the lead financial arranger. These projects aim to harness the region’s abundant solar potential using Tier 1 solar equipment and long-term power purchase agreements (PPAs)

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Corporate News Oil

Dangote Refinery Exports PMS to Cameroon, Advancing Regional Energy Integration

The Dangote Refinery, Africa’s largest oil refinery, in partnership with Neptune Oil, has successfully exported Premium Motor Spirit (PMS) to Cameroon for the first time. This achievement marks a significant milestone in advancing regional energy integration and strengthening economic ties between Nigeria and Cameroon. This historic collaboration highlights the shared commitment of both companies to addressing the region’s growing energy demands. Speaking on the development, Alhaji Aliko Dangote, President and CEO of the Dangote Group,

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Oil Corporate News Exploration International

Sonatrach to Resume Oil Exploration in Libya’s Ghadames Basin After Decade-Long Pause

Algeria’s state-owned oil company, Sonatrach, is set to restart exploration activities in Libya’s Ghadames Basin, specifically on plots 95 and 96, after a hiatus of nearly ten years. The decision follows a recent technical meeting between Sonatrach and Libya’s National Oil Corporation (NOC), during which seismic survey data was reviewed and the resource potential of the region reevaluated. As part of the renewed efforts, operations will soon resume on the A1-96/2 exploratory well, which has

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International Oil

Seplat Energy Rejuvenates Nigeria’s Oil Industry with Major ExxonMobil Asset Acquisition

Seplat Energy Plc has taken a bold step to reinvigorate Nigeria’s oil industry by reactivating hundreds of dormant oil wells, following its acquisition of ExxonMobil’s onshore oil and gas assets in the country. This acquisition marks a pivotal moment, leveraging the exit of international oil companies from Africa’s largest oil producer to bolster local operations. In October, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) approved the $1.19 billion deal, over two years after it was

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Corporate News Diamonds International

Lucara Diamond Corp Projects Robust 2025 Revenue and Operational Milestones

Lucara Diamond Corp forecasts diamond sales of 400,000 to 420,000 carats in 2025, generating revenues between $195 million and $225 million. This outlook reflects steady progress at the company’s Karowe mine in Botswana, a world-class operation achieving significant milestones in 2023. CEO William Lamb highlighted these achievements in a December 4 operational guidance update, noting that production targets were surpassed. “Our strategic focus on the underground mining project has shown remarkable progress, with shaft depths

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Local News Renewable Energy

Angola’s Energy Sector Set for Major Milestones in 2025

Angola is gearing up for a transformative year in 2025, marked by key developments in oil, natural gas, and renewable energy. With a strong focus on maintaining crude production above one million barrels per day (bpd) and diversifying its energy mix, the country is advancing projects in green hydrogen, solar energy, and natural gas. Angola’s next international oil and gas tender is slated for the first quarter of 2025. As part of the six-year licensing

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Local Economy News Oil

Angola to Focus on Stabilizing Oil Production Amid Challenges

Angola is intensifying efforts to address imbalances in oil production, a challenge the country is progressively overcoming, according to Diamantino Azevedo, Minister of Mineral Resources, Oil, and Gas. Speaking at the 10th Advisory Council Meeting of the Ministry, held under the theme “Mineral Resources, Oil and Gas: Challenges and Solutions,” the minister emphasized ongoing strategies to stabilize oil production above one million barrels per day. Minister Azevedo underscored the ministry’s focus on increasing the replacement

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