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…
International Gas News

Hilong Offshore Engineering Wins $54.76 Million Congo LNG Contract

Chinese engineering firm Hilong Offshore Engineering has secured a $54.76 million contract with energy giant Eni for the second phase of the Republic of Congo’s first LNG project, Congo LNG. The contract covers transportation and installation of two wellhead platforms at the Marine XII block, near the operational Nene and Litchendjili fields. Work is scheduled to begin in June 2025, with operations set to start in November 2025. The two wellhead platforms will extract gas

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Gas Local News

Angola’s LPG Supply Grows 15% in Q1 2024, Driven by Angola LNG Plant

Angola introduced 140,185 metric tons of Liquefied Petroleum Gas (LPG) to the domestic market in the first quarter of 2024, marking a 15% increase compared to the previous quarter. Of this, 68% of the supply came from the Angola LNG plant. During a presentation on the oil derivative market’s Q1 2024 results, Angola’s downstream regulator, Instituto Regulador dos Derivados do Petroleo (IRDP), highlighted positive market growth in Q4 2024, with 1.3 million metric tons acquired

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Local Economy News

Angola and Turkey Strengthen Bilateral Ties Ahead of Joint Economic Commission Session

Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, met with Ufuk Akici, the Ambassador of Turkey to Angola, to discuss preparations for the 3rd session of the Joint Economic Commission of Angola-Turkey. The upcoming session will focus on key issues aimed at enhancing collaboration in sectors such as mining and petroleum. Ambassador Akici emphasized the significance of the upcoming session, viewing it as a crucial step in advancing negotiations and strengthening bilateral ties

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Corporate News Gas Local

Azule Energy Achieves Key Milestone in Angola’s First Non-Associated Gas Development

Azule Energy announced the successful completion of the Quiluma and Maboqueiro offshore platforms this Tuesday, marking a significant step toward the production of “Made in Angola” gas. This achievement is described as a crucial element of the New Gas Consortium (NGC) project and represents a key milestone in Angola’s first non-associated gas development, according to a statement sent to VerAngola. Alister Forder, Azule Energy’s Operations Director, emphasized the importance of this success, noting that the

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Local News Oil

Angola Inaugurates High-Performance Oil Center to Boost Industry Innovation

A state-of-the-art oil performance center officially opened its doors on Tuesday in Luanda, marking a significant development for Angola’s oil industry. The initiative, led by Internacional de Tecnologias (SLB), was inaugurated by Diamantino Azevedo, Angola’s Minister of Mineral Resources, Oil, and Gas. The center’s primary objective is to enhance the efficiency of Angola’s oil sector, focusing particularly on the challenges faced by mature oil fields. In his speech, Minister Azevedo emphasized the vital role the

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Diamonds Local News

Angolan Minister Explores De Beers’ Offshore Diamond Exploration in South Africa

Diamantino Azevedo, Angola’s Minister of Mineral Resources, Petroleum, and Gas, along with his accompanying delegation, visited De Beers in South Africa to witness the company’s offshore diamond exploration operations. The visit allowed Angolan officials to gain valuable insights into De Beers’ exploration and extraction technologies, as well as the advantages and challenges of offshore diamond mining, according to a press release from the Ministry. The visit provided an opportunity for Minister Azevedo and officials from

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Local Expos & Events News

Angola Showcased Mining Potential at Mining Indaba 2025

Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, reaffirmed the country’s strong investment potential, highlighting its geological wealth, infrastructure, and modern laboratories. Speaking at Mining Indaba 2025 in Cape Town, South Africa, Azevedo emphasized Angola’s stability and investor-friendly mining legislation. Azevedo stated that Angola had all the necessary conditions for investors, citing a major geological data acquisition program conducted in previous years. He underscored the government’s efforts to attract responsible and sustainable mining

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International Gold

Mozambique’s Gold Production Declines by 2% in 2024

Mozambique’s gold production dropped 2% in 2024, totaling 1,626 kilograms (1.6 tonnes), compared to 1,666 kilograms in 2023, according to data from the Ministry of Finance. Despite the decline, output exceeded the government’s official estimate of 1,583 kilograms, reaching 103% of the target. Mozambique had set a record high in 2023, with a 32% increase over 2022’s production of 1,263.8 kilograms. However, the 2024 target of 3% growth over 2023 projections was not achieved. At

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Corporate News Mergers & Acquisitions Oil

Chevron Expands Offshore Namibia Presence with PEL 82 Acquisition

Chevron has strengthened its position in Namibia’s offshore sector by acquiring an 80% stake and operatorship in Petroleum Exploration License (PEL) 82. Custos Energy and NAMCOR will each retain a 10% interest in the license. Located in Namibia’s Walvis Basin, PEL 82 is part of a region often referred to as an “oil kitchen” due to its rich hydrocarbon source rock and strong potential for commercial discoveries. The Barremian-Aptian source rock, a key driver of

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International Oil

Rhino Resources Strikes Hydrocarbon Reservoir in Namibia’s Orange Basin

Rhino Resources has confirmed the discovery of a hydrocarbon reservoir at its Sagittarius 1-X well in Namibia’s Orange Basin. As the operator of Block 2914, Rhino Resources leads the project with Azule Energy—a BP and Eni joint venture—holding a 42.5% stake. CEO Travis Smithard stated that the company and its joint venture partners will now analyze the well’s results in detail. According to Rhino, the well successfully reached its Upper Cretaceous targets and confirmed the

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