Vital Industry News
Cobre Launches Deep Drilling at Kitlanya West in Botswana Lucara Takes Direct Control of Karowe Underground Expansion Angola’s Diamond Exports Generate $1.5 Billion in 2024 Angola’s Diamond Export Revenue Drops by 3% in 2024 Debswana to Halt Operations at Letlhakane and Jwaneng Modular Plants Amid Market Downturn Global Oil Prices Surge Amid Geopolitical Tensions and Production Concerns Uganda Awards UAE-Backed Firm Contract to Build $4 Billion Oil Refinery MRS Oil to Delist from NGX and Move to NASD OTC Exchange TotalEnergies and Partners Advance Venus Field Development Offshore Namibia Mozambique and Germany Partner to Advance Green Hydrogen Development
Cobre Launches Deep Drilling at Kitlanya West in Botswana Lucara Takes Direct Control of Karowe Underground Expansion Angola’s Diamond Exports Generate $1.5 Billion in 2024 Angola’s Diamond Export Revenue Drops by 3% in 2024 Debswana to Halt Operations at Letlhakane and Jwaneng Modular Plants Amid Market Downturn Global Oil Prices Surge Amid Geopolitical Tensions and Production Concerns Uganda Awards UAE-Backed Firm Contract to Build $4 Billion Oil Refinery MRS Oil to Delist from NGX and Move to NASD OTC Exchange TotalEnergies and Partners Advance Venus Field Development Offshore Namibia Mozambique and Germany Partner to Advance Green Hydrogen Development
Corporate News Diamonds International

Cobre Launches Deep Drilling at Kitlanya West in Botswana

Corporate News Diamonds International

Lucara Takes Direct Control of Karowe Underground Expansion

Diamonds Local News

Angola’s Diamond Exports Generate $1.5 Billion in 2024

More Angolan Mining News

Corporate News Diamonds International

Cobre Launches Deep Drilling at Kitlanya West in Botswana

Australian junior miner Cobre has commenced a diamond drilling program at the Kitlanya West project…
Corporate News Diamonds International

Lucara Takes Direct Control of Karowe Underground Expansion

Lucara Diamonds has ended its engineering, procurement, and construction management contract with JDS Energy &…
Diamonds Local News

Angola’s Diamond Exports Generate $1.5 Billion in 2024

Angola earned $1.5 billion from the export of over 10 million carats of diamonds in…
Local Diamonds News

Angola’s Diamond Export Revenue Drops by 3% in 2024

Angola’s diamond export revenue declined by nearly 3% in 2024 compared to the previous year,…
Diamonds Corporate News International

Debswana to Halt Operations at Letlhakane and Jwaneng Modular Plants Amid Market Downturn

Debswana Diamond Company will suspend production at its Letlhakane Tailings Plant (LTP) and Jwaneng Modular…
Oil International News

Global Oil Prices Surge Amid Geopolitical Tensions and Production Concerns

The global oil market saw a significant rise in the price of a barrel, reaching…
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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Corporate News Diamonds Economy Local

Endiama Targets Increased Diamond Production Despite Challenges

Endiama, Angola’s state-owned diamond company, has projected a production target of 15.1 million carats of diamonds for 2025, surpassing the 14.6 million carats forecasted for 2024. These projections were announced during the 10th Advisory Council meeting of the Ministry of Mineral Resources, Oil, and Gas, held under the theme: “Mineral Resources, Oil and Gas: Challenges and Solutions.” In the past year, Endiama focused on optimizing production processes and enhancing geological and mining research, especially in

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Corporate News Diamonds Local

Maaden to Take Over Alrosa’s Stake in Angola’s Catoca and Luaxe Mines

Maaden, the Omani company set to replace Russian diamond giant Alrosa in the Catoca and Luaxe mines in Angola, has initiated discussions with its new partner, the state-owned Endiama. The Ministry of Mineral Resources, Oil, and Gas announced that the first meeting between Ganga Junior, President of Endiama, and Abdul Aziz Al Maqbali, President of Maaden, took place in Luanda earlier this week. The replacement of Alrosa, a Russian company affected by international sanctions, by

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Transport and Logistics Economy Local News

The Strategic Role of the Lobito Corridor in Angola’s Economic Growth

The revitalization of the Lobito Corridor, spearheaded by the Angolan government, represents a crucial step in reducing raw material costs and bolstering the industrial sector. This was emphasized on Monday in Benguela by Carlos Leiria, President of the Industrial Association of Angola (AIA) in the region. Leiria highlighted the economic advantages of utilizing this logistical hub, which includes the Lobito Port, the Benguela Railway (CFB), and road connections. He noted that optimizing the Corridor could

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Corporate News International Oil

Oando Energy Boosts Crude Oil Production by 50% Following Agip Acquisition

Oando Energy Resources Nigeria Limited has reported a nearly 50% increase in crude oil production within three months, following its acquisition of Nigerian Agip Oil Company from Eni earlier this year. During a meeting with joint venture partner Nigerian National Petroleum Corporation Limited (NNPCL) in Abuja, Oando’s Managing Director, Dr. Ainojie Irune, credited the remarkable growth to seamless integration and strong collaboration between the two entities. “Within less than 100 days of the acquisition, we

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Oil International Petroleum

Uganda to Fully Fund $4 Billion Oil Refinery Through Equity

Uganda has announced plans to fully finance its $4 billion oil refinery project in Hoima District using equity, abandoning earlier plans to seek international market financing. Energy Minister Ruth Nankabirwa revealed that the government, in partnership with UAE-based Alpha MBM Investments, has opted to proceed without external debt financing. This decision marks a significant shift from the original funding model, which projected a mix of 60% debt and 40% equity. The Uganda Refinery Project aims

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Corporate News International Mergers & Acquisitions

Chappal Energies Completes $1.2 Billion Acquisition of Equinor Nigeria

Chappal Energies has officially concluded the acquisition of Equinor Nigeria Energy Company (ENEC), a subsidiary of Norway’s Equinor ASA, solidifying its presence in Nigeria’s energy sector. Initially announced in November 2023, the transaction saw Equinor sell its 54% stake in the OML 128 oil and gas lease to Chappal Energies. The acquisition was finalized on December 6, 2025, following a year-long process. The deal is valued at up to $1.2 billion, comprising a $710 million

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Corporate News International Oil Petroleum

NNPC Launches First Export of Low-Sulfur Fuel Oil

The Nigerian National Petroleum Company Limited (NNPC) has successfully sold its inaugural shipment of Port Harcourt low-sulfur straight-run fuel oil (LSSR) to Dubai-based Gulf Transport & Trading Limited (GTT). This marks the beginning of operations at the Port Harcourt Refinery and the export of petroleum products. The Wonder Star MR1 vessel is set to load 15,000 metric tons of LSSR, equivalent to approximately 13.6 million liters. Although the current export volume from NNPC is modest,

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Corporate News Gas

Mitsui and TotalEnergies Near Restart of $20 Billion Mozambique LNG Project

Mitsui & Co., in partnership with TotalEnergies and the Mozambique government, is finalizing plans to restart construction of the $20 billion Mozambique liquefied natural gas (LNG) project, according to Mitsui CEO Kenichi Hori. The project, led by TotalEnergies, has faced delays due to security concerns stemming from violent unrest in the region. However, Hori expressed optimism about recent improvements in the area’s security and assured investors that all parties are addressing remaining challenges. “We are

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