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…
Gold International News

Ghana’s Gold Trade Desk Generates $1.02 Billion, Boosts Economy

The Minerals Income Investment Fund (MIIF) of Ghana has reported $1.02 billion in revenue over the past year through its gold trade desk. This platform was created to formalize the country’s small-scale mining sector, enhance gold traceability, and provide a dependable market for locally produced gold. In addition to stabilizing the small-scale mining sector, the desk has significantly supported the economy by channeling $600 million to Bulk Distribution Companies for petroleum imports. This measure has

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Transport and Logistics Local News

Banco Sol Expresses Commitment to Supporting Sustainable Projects in Lobito Corridor

Banco Sol has expressed interest in financing and supporting sustainable projects led by local entrepreneurs along the Lobito Corridor, the bank’s Executive Committee Chairman, Osvaldo de Lemos Macaia, confirmed on Wednesday in Benguela. Speaking to Jornal de Angola, Macaia emphasized the region’s economic potential and the government’s active efforts to attract investors to the Lobito Corridor. “For initiatives along the Lobito Corridor, Banco Sol will evaluate the projects and companies to assess how local entrepreneurs

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International Oil Petroleum

Oil Prices Rise Slightly as Dollar Strengthens

Oil futures for January delivery rose to $70.14 per barrel on Friday, marking a 0.06% increase on the New York Mercantile Exchange at the time of reporting. Earlier in the session, prices reached their peak before showing potential support at $66.53 and resistance at $70.75 per barrel. The U.S. Dollar Index Futures, which tracks the dollar’s performance against a basket of six major currencies, gained 0.51%, trading at 107.48. Meanwhile, on the ICE Futures Exchange,

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International Corporate News Oil Petroleum

Brent Crude Prices Predicted to Drop Amid Global Supply Surplus

The price of Brent crude oil is expected to decline by $5 to $9 per barrel over the next 12 months due to a significant global supply surplus, particularly from non-OPEC (Organization of the Petroleum Exporting Countries) producers, and weakening demand driven by economic uncertainties in China and Europe. These challenges could intensify if the U.S. government under Donald Trump imposes tariffs on imports from China and Europe. According to international experts interviewed by Broadcast,

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Gold International News Oil

Gold and Oil Prices Drop Amid Possible Israel-Lebanon Ceasefire

Gold and oil prices fell by approximately 3% on Monday following reports of a potential ceasefire agreement between Israel and Lebanon, which could ease tensions in the Middle East. By 6:00 PM Luanda time, gold—a traditional safe-haven asset—had dropped by 3.13%, trading at $2,631 per ounce. This decline interrupted a five-session streak of consecutive gains. Market analyst Adrián Hostaled highlighted that, in addition to the potential ceasefire, the nomination of Scott Bressent as the future

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Local News Oil

Angola Approves Special Regime to Boost Hydrocarbon Production

Angola’s President João Lourenço has approved a special legal regime aimed at maximizing hydrocarbon recovery in mature oil concessions within the country’s maritime zone. This initiative, announced in a presidential decree dated November 20, focuses on promoting incremental production in aging fields through enhanced investment opportunities. The regime targets fields that have been operational for over 25 years or have utilized 70% or more of their proven reserves, as defined by the National Oil, Gas,

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Petroleum Local News Oil

New Fuel Stations to Address Supply Issues in Cuanza Norte Municipalities

The fuel supply challenges in the municipalities of Quiculungo and Bolongongo in Angola’s Cuanza Norte province are set to be resolved with the construction of new fuel stations. These two areas, previously lacking such facilities, will soon benefit from the ongoing development of fuel pumps, according to Luís Fernandes, General Director of the Petroleum Regulatory Institute (IRDP). Fernandes shared this update during a Ministry of Mineral Resources, Oil, and Gas meeting held in Cuanza Norte.

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Corporate News Energy International

Baker Hughes Launches Advanced Facilities to Boost Namibia’s Energy Industry

Baker Hughes has inaugurated a liquid mud plant, cement bulk facility, and integrated multi-modal hub at Walvis Bay, marking a significant step in supporting Namibia’s growing energy sector and advancing localization efforts. The liquid mud plant, Namibia’s largest by volume and capacity, alongside the cement bulk facility, will supply critical drilling and completion fluids and cement handling services for offshore oil and gas operations. Baker Hughes’ integrated multi-modal facility also features state-of-the-art testing and maintenance

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Diamonds International News

Namibia’s Diamond Sector Challenges Threaten Economic Growth

The Bank of Namibia (BoN) has expressed concerns that ongoing challenges in the mining sector, particularly in the diamond industry, may extend beyond 2024, posing a significant threat to the country’s economic growth. Kazembire Zemburuka, BoN’s Director of Strategic Communications and International Relations, highlighted declining production volumes and falling international diamond prices as critical issues affecting GDP growth throughout 2024, with projections indicating continued struggles in the coming years. “The challenges facing the diamond mining

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International Gas News

Morocco to Launch 2025 Tenders for Nigeria-Morocco Gas Pipeline

Morocco is set to initiate tenders in 2025 for the Nigeria-Morocco gas pipeline, focusing on sections within Moroccan territory. This milestone is part of the National Office of Hydrocarbons and Mines’ (ONHYM) 2025 Action Plan, according to Asharq Al-Awsat. The pipeline’s first phase will span Morocco, Mauritania, and Senegal, with additional gas transport agreements expected next year. A dedicated private company will oversee the project’s construction, operation, and maintenance, as outlined in a project document

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