Vital Industry News
Libya’s Arabian Gulf Oil Company Launches Production at Z-13 Well in Al-Bayda Field De Beers Board Member Matome Tsholetsa Malema Passes Away Sodiam Raises $25.8 Million in 16th Rough Diamond Auction Shell Reaffirms Commitment to Reviving Angola’s Oil Production Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port 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
International News Oil Petroleum

Libya’s Arabian Gulf Oil Company Launches Production at Z-13 Well in Al-Bayda Field

Corporate News Diamonds International Mining Personality

De Beers Board Member Matome Tsholetsa Malema Passes Away

Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

More Angolan Mining News

International News Oil Petroleum

Libya’s Arabian Gulf Oil Company Launches Production at Z-13 Well in Al-Bayda Field

Libya Starts Production at Z-13 Well in Al-Bayda Field as AGOCO Expands Oil Output Arabian…
Corporate News Diamonds International Mining Personality

De Beers Board Member Matome Tsholetsa Malema Passes Away

De Beers Board Member and Minerals Development Company Botswana CEO Matome Tsholetsa Malema Dies Global…
Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Angola’s Sodiam Generates $25.8 Million in Rough Diamond Auction, Surpassing Expectations Angola’s National Diamond Trading…
Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

Shell Pledges Support for Angola’s Oil Production Revival as Company Returns After 20 Years Shell…
Corporate News Local Oil

Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port

Sonangol Tanker Hit by Explosion Near Iraq’s Khor al Zubair Port; Crew Safe and Vessel…
Local Energy News

Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection

Angola and Namibia Strengthen Energy Ties, Discuss Power Interconnection and Baynes Hydroelectric ProjectAngola and Namibia…
Corporate News Diamonds Local

Angola’s SODIAM Achieves $16.9M in Rough Diamond Auction Amid Challenging Market

SODIAM Raises $16.9 Million in 15th Electronic Rough Diamond Auction The Angolan National Diamond Trading Company (SODIAM) announced the successful sale of 36 special rough diamonds, generating a total net value of US$16.9 million at its 15th electronic auction held on Wednesday. The diamonds were produced by leading mining companies, including SOMILUANA, Lulo, Kaixepa, Mussende, Chitotolo, Calonda, and Catoca, and comprised a total of 1,529.8 carats. The auction results exceeded expectations by 9.14%, reflecting strong

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Local Corporate News Mining Projects

Pensana Completes Initial Drilling Programme at Coola Carbonatite in Angola

Pensana Advances Rare Earth Exploration with Coola Drilling Programme in Angola London-listed Pensana has successfully completed an initial drilling programme at the Coola carbonatite, located approximately 30 km north of the company’s flagship Longonjo rare earth project in central Angola. Longonjo is recognized as one of the world’s largest undeveloped rare earth deposits, and Coola forms a key part of Pensana’s regional exploration strategy, aimed at extending the Longonjo project’s life-of-mine. Drilling Programme Details The

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International News Oil

Senegal’s Dependence on Nigerian Crude Highlights Domestic Refining Challenges

Senegal Relies on Nigerian Crude Despite Rising Local Oil Output — Dakar Refinery’s Supply Challenges Explained Senegal has emerged as a significant importer of Nigerian crude, highlighting a paradox in Dakar’s oil sector. Despite joining Africa’s league of oil-producing nations in 2024, Senegal still struggles to process its own crude oil efficiently. Industry data from energy analytics firm Kpler reveals that Senegal’s 30,000-barrel-per-day (kbd) Dakar Refinery is running predominantly on Nigeria’s Erha crude. Shipments have

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Local Corporate News Oil

Chevron Advances Offshore Exploration with Seismic Survey Completion in Angola

Chevron Completes Seismic Data Acquisition for Angola’s Blocks 49 and 50, Boosting Offshore Exploration American multinational energy company Chevron has completed seismic data acquisition for Blocks 49 and 50, located in the ultra-deepwaters of Angola’s Lower Congo Basin. The company is now moving forward with data processing to assess the blocks’ exploration potential. This initiative is part of Chevron’s broader strategy to expand offshore exploration in Angola. It follows the signing of a Risk Service

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Local News Oil

Angola to Award 60 Oil and Gas Concessions by End of 2025

Angola Plans to Grant 60 Oil and Gas Blocks by 2025 to Boost Production Above One Million Barrels Per Day Angola is on track to award 60 oil and gas concessions by the end of 2025, driven by its multi-year licensing rounds and direct negotiation program. This move represents a significant step in Angola’s strategy to maintain production above one million barrels per day. At the African Energy Week: Invest in African Energies 2025, Alcides

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Local Mining Projects News

China’s Niobonga Launches Angola’s First Niobium Mining Project in Huila Province

Angola’s First Niobium Mine to Launch in Huila with $150M Investment by Niobonga The Chinese company Niobonga has secured a concession to mine niobium in the village of Bonga, within the Quilengues municipality of Huila province, Angola. The company has invested $150 million in the project, which is expected to produce 8,000 tons of ferroniobium and 150,000 tons of sulfuric acid per year. Exploration is slated to begin later this year, marking the first niobium

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Corporate News Local Oil

BW Energy Considers Acquiring Azule Energy’s Stake in Angola’s Block 14/14K

Norway’s BW Energy Evaluates Purchase of Azule Energy’s Non-Operating Stake in Angola’s Offshore Block 14/14K Norwegian oil and gas company BW Energy has announced that it is evaluating the potential acquisition of Azule Energy’s non-operating stake in Block 14/14K, located offshore Angola. The company emphasized that no binding agreement has been reached and there is no certainty that the discussions will lead to a transaction. In a statement published on its website, BW Energy explained

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International Gas News

Ethiopia Launches First LNG Project and $5 Billion in Energy Investments to Boost Industrial Growth

Prime Minister Abiy Ahmed Unveils Ogaden LNG Project, Fertilizer Plant, and Oil Refinery Worth $5 Billion Ethiopian Prime Minister Abiy Ahmed has inaugurated the first phase of the Ogaden Liquefied Natural Gas (LNG) Project in Calub, marking a major step toward the country’s long-term goal of energy independence and industrial expansion. The newly commissioned facility is designed to produce 111 million liters of natural gas annually and generate up to 1,000 megawatts of electricity. During

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International News Oil

Senegal to Build Second Oil Refinery as SAR Targets Energy Self-Sufficiency by 2029

Senegal Plans $2–5 Billion Second Refinery to Boost Oil Processing and Cut Imports Senegal plans to begin construction of a second oil refinery in 2026, aiming to expand domestic processing capacity and attract between $2 billion and $5 billion in new investment, according to Abib Diop, CEO of Société Africaine de Raffinage (SAR). Diop revealed that potential investors from China, Turkey, and South Korea have already submitted financing proposals for the project. The new refinery—informally

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Corporate News Gas International Oil

Rhino Resources Makes Third Consecutive Offshore Discovery in Namibia’s Orange Basin

Rhino Resources Strikes Third Offshore Gas Condensate Discovery in Namibia’s Orange Basin Block 2914A Rhino Resources has announced its third consecutive offshore discovery in Namibia’s Block 2914A, situated in the Orange Basin under Petroleum Exploration License (PEL) 85. The Volans-1X exploration well, drilled by the semisubmersible rig Deepsea Mira on July 31, encountered 26 meters of net pay in rich gas condensate reservoirs characterized by excellent petrophysical properties and no water contact. The well reached

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