Vital Industry News
DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets Dangote Plans Major Refinery Expansion to Boost Capacity and Create Thousands of Jobs South Africa Turns to US Fuel Imports as Middle East Supply Risks Reshape Energy Trade Senegal Takes Full Control of Yakaar-Teranga Gas Project After Kosmos Energy Withdrawal Rhino Resources Advances Capricornus Oil Discovery Appraisal Offshore Namibia TotalEnergies Expands Local Supplier Spending as Namibia’s Oil and Gas Sector Gains Momentum France Intensifies Push into Namibia’s Oil Sector as TotalEnergies Targets Major Offshore Projects Zambia Secures $1.5 Billion China Deal to Add 900 MW Power Capacity and Strengthen Energy Security Dangote Plans Major East Africa Refinery Expansion as African Leaders Push for Industrial Self-Sufficiency DRC Pushes for Energy Transformation as It Showcases Massive Hydropower Potential at African Energy Forum
Gold Economy International

DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets

Corporate News International Oil

Dangote Plans Major Refinery Expansion to Boost Capacity and Create Thousands of Jobs

International News Oil Petroleum

South Africa Turns to US Fuel Imports as Middle East Supply Risks Reshape Energy Trade

More Angolan Mining News

Gold Economy International

DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets

DR Congo Partners with UAE-Based Paradigm Holdings to Boost Gold Exports Through Dubai Trading Hub…
Corporate News International Oil

Dangote Plans Major Refinery Expansion to Boost Capacity and Create Thousands of Jobs

Aliko Dangote Targets 1.4 Million Barrels Per Day Capacity Expansion at Dangote Refinery, Creating Up…
International News Oil Petroleum

South Africa Turns to US Fuel Imports as Middle East Supply Risks Reshape Energy Trade

South Africa Boosts US Fuel Imports Amid Strait of Hormuz Tensions and Rising Global Shipping…
International Energy Gas News

Senegal Takes Full Control of Yakaar-Teranga Gas Project After Kosmos Energy Withdrawal

Senegal Transfers Yakaar-Teranga Gas Project to State Firm PETROSEN as Kosmos Energy Exits Major Offshore…
International Corporate News Oil

Rhino Resources Advances Capricornus Oil Discovery Appraisal Offshore Namibia

Rhino Resources Launches Capricornus-1A Appraisal Well to Assess Light Oil Discovery in Namibia’s Orange Basin…
Corporate News Gas International Oil

TotalEnergies Expands Local Supplier Spending as Namibia’s Oil and Gas Sector Gains Momentum

TotalEnergies Invests $141 Million in Namibian Suppliers to Boost Local Participation in Offshore Oil and…
Economy International Oil

Namibia’s Latest Oil Discoveries Initiate New FDI Flows

Namibia’s Jonker-1X light oil discovery – made last month by partners Shell, QatarEnergy and the National Petroleum Corporation of Namibia (NAMCOR) – represents the third discovery in a string of Orange Basin exploration successes announced in the past year. Coupled with the Graff-1X and Venus-1X finds (made in 2022 merely weeks apart), leading International Oil Companies (IOCs) are proving the size and scope of Namibia’s deepwater hydrocarbon resources. As such, Namibia’s E&P sector is expected to attract

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Economy Energy Gas Local News Oil Petroleum

Angola Oil & Gas Returns Bigger and Better than Before in 2023

Following three successful editions that united a strong slate of players from across the regional and global energy landscape, the Angola Oil & Gas (AOG) conference and exhibition makes its return in 2023 for its fourth edition, bringing together African energy and petroleum ministers, global investors and thought-leaders and project developers and service companies to discuss the future of Angolan energy. Building on the event’s long-standing partnership with Angola’s Ministry of Mineral Resources, Oil and Gas and

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Economy Energy International

TotalEnergies Granted Authorization to Explore Offshore South Africa

South Africa’s Department of Mineral Resources and Energy has granted French major TotalEnergies environmental authorization to conduct exploration activities in the offshore Block 5/6/7, located in an area approximately 10,000km² between Cape Town and Cape Agulhas. The decision follows the conclusion of all prescribed procedural requirements by TotalEnergies, including public consultation and environmental checks, with the major expected to drill up to five exploration wells between Q4 this year and mid-2024.  Representing a high-potential block –

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Economy Energy International

Prices register Reduction in the Italian Energy market

Year-on-year inflation in Italy slowed to 7.6 percent in March, against 9.1 percent in February, thanks mainly to the slowdown in energy prices, announced the Italian National Institute of Statistics (Istat). The slowdown in inflation is mainly due to the deceleration in the prices of non-regulated energy goods (from 40.8 to 18.9 percent) and the fall in regulated energy prices (from 16.4 to 20.3 percent), whose effects were only partially offset by acceleration in unprocessed

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Economy Local News Oil

Brent Oil traded lower at USD 80, 82

Negotiations of Brent, the benchmark for Angolan oil exports, for delivery in June, opened lower on Wednesday 19th April in the international market, positioning at US$80.82 per barrel, a drop of 0.10 percent. In previous barrel trading, Crude Oil was likely to find support at $79.91 and resistance at $83.44. The Dollar Futures Index, which tracks the performance of the US dollar against a basket of six major currencies, gained 0.02 percent to trade at

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Economy International News Oil

DRC’S OIL INDUSTRY YIELDED A MEAGER USD 364.6 MILLION FROM 2020 TO 2021

COUNTED AMONG THE COUNTRIES OF THE CONTINENT WITH AN OIL POTENTIAL CAPABLE OF REVOLUTIONIZING ITS ENTIRE ECONOMIC SECTOR, THE DEMOCRATIC REPUBLIC OF CONGO (DRC) STILL DOES NOT ATTRACT GREAT BENEFITS FROM THIS SECTOR. According to the Extractive Industries Transparency Initiative (EITI) report, between 2020 and 2021, the DRC’s oil sector brought in only USD 364.6 million to the public treasury. A modest sum that does not reflect the oil potential of the country estimated at more

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Economy Gas Local News Oil

DRC AND ANGOLA NEARING AGREEMENT WITH CHEVRON FOR OIL AND GAS BLOCK 14C

The Democratic Republic of Congo and Angola have been collaborating for several years to achieve the monetization of a maritime area of ​​common interest, considered rich in hydrocarbons.  The Congolese Minister of Hydrocarbons, Didier Budimbu Ntubuanga, announced on April 13, 2023 that a production sharing agreement is being negotiated. It engages the DRC, Angola and Chevron, the American oil company. The DRC and Angola share Block 14c, an oil perimeter known as of common interest located

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Diamonds Economy Local News

ENDIAMA committed to training of Engineering specialist

ENDIAMA is increasingly committed to the qualified training of Angolan students in the field of engineering, said the executive director of the national diamond company of Angola, Domingos Margarida, when he witnessed on behalf of president Ganga Júnior the delivery of ten computers to the Department of Education and Research of Engineering School of the Agostinho Neto University. He explained that the offer of the computers resources to the institution of the higher education is

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Economy Local News

Angolan Economy: Pillars, Profitability, and Future Challenges

The growth and robustness of the Angolan economy in the next decade will largely be based on the increased productivity of public companies. The profitability and productivity of these companies will be fundamental for the balance of public accounts and will allow the government to effectively manage or even divest the state’s stakes in these companies, creating many investment opportunities for existing and potential players. Sonangol Drives Multi-Faceted Energy Growth The cornerstone of Angola’s economic

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Economy Local News

Top Regional Networks Connected to Angola

Angola is well-positioned to leverage its world-class oil and gas resources to promote trade, collaboration and growth within the wider African energy economy. Set to bring about significant opportunities for the entire southern African region, the country’s participation within regional energy networks based on the creation of hubs and pipeline systems will serve as the backbone for the distribution of power and socioeconomic development between countries in the region. Southern African Development Community Angola is a

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