Vital Industry News
Angola’s Oil Production Expected to Stagnate Amid Global Challenges Angola’s Gas Master Plan Proposal Reviewed by Council of Ministers Shell Approves Final Investment Decision for Nigeria’s Bonga North Deepwater Project Angola’s Oil Production Falls Short of OPEC Targets Amid Structural Challenges Power Outage Leaves 11 Provinces Without Electricity in Angola Alrosa Deputy CEO Vladimir Marchenko Steps Down for New Industry Role Alrosa Forecasts Diamond Market Stabilization Amid Falling Inventories Tunisia Advances Renewable Energy with 500 MW Photovoltaic Projects BP and Kosmos Energy Launch Gas Production from Greater Tortue Ahmeyim Project Galp and Partners Make Significant Discoveries at Mopane-2A Well in PEL83
Local Economy Oil

Angola’s Oil Production Expected to Stagnate Amid Global Challenges

Gas Local News

Angola’s Gas Master Plan Proposal Reviewed by Council of Ministers

Corporate News International News Oil

Shell Approves Final Investment Decision for Nigeria’s Bonga North Deepwater Project

More Angolan Mining News

Local Economy Oil

Angola’s Oil Production Expected to Stagnate Amid Global Challenges

Angola’s oil production is projected to remain steady at 1.173 million barrels per day in…
Gas Local News

Angola’s Gas Master Plan Proposal Reviewed by Council of Ministers

The Draft Gas Master Plan (PDG) was reviewed last Friday during a Council of Ministers…
Corporate News International News Oil

Shell Approves Final Investment Decision for Nigeria’s Bonga North Deepwater Project

Shell, through its Nigerian subsidiary, has finalized its decision to invest in the Bonga North…
Local News Oil

Angola’s Oil Production Falls Short of OPEC Targets Amid Structural Challenges

Angola’s oil production is set to remain below the targets previously set by the Organization…
Local Energy News

Power Outage Leaves 11 Provinces Without Electricity in Angola

A widespread power outage has left 11 provinces in Angola without electricity following an interruption…
Corporate News Diamonds International

Alrosa Deputy CEO Vladimir Marchenko Steps Down for New Industry Role

Alrosa’s deputy CEO, Vladimir Marchenko, is stepping down from his role to pursue a new…
Diamonds Local News

Endiama Intervenes to Stabilize Angola’s Struggling Diamond Mines

The National Diamond Company of Angola (Endiama) is implementing measures to stabilize the financial situation of the Lunhinga and Luminas mining companies in Lunda-Norte, both of which are facing significant challenges due to market pressures and high operating costs. Laureano Paulo, Endiama’s Executive Administrator for Mining Operations, Participation Management, Audit, and Quality Control, shared this information during a press briefing on Wednesday, following the Diamond Production Balance Workshop for the first half of the year.

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International News Oil

TotalEnergies Extends Contract for Deepsea Mira Operations in West Africa

TotalEnergies SE has renewed its contract with Northern Ocean Ltd. for the continued deployment of the Deepsea Mira rig in West Africa. The contract’s firm term has been extended until October 2024, covering one well, with an option for an additional well. TotalEnergies SE began a multi-well drilling program offshore Namibia, following the Venus light oil discovery in Block 2913B (PEL 56) and subsequent exploration of the Venus accumulation into Block 2912 (PEL 91). The

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International Energy News

Scatec Divests South African Renewable Assets to Focus on Egypt

Norwegian renewable energy developer Scatec is reducing its presence in sub-Saharan Africa by selling stakes in three South African renewable energy projects. This move comes after the company recently sold a plant in Rwanda and divested from operations in Mozambique. In the last week of July 2024, Scatec divested its indirect interests in hydropower plants located in Uganda, Malawi, and at the border of Rwanda, the Democratic Republic of Congo (DRC), and Burundi. This follows

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Local Gas News Oil

Kwame Oil & Gas to Launch New Operational Bases in Luanda

Kwame Oil & Gas, a company in the oil sector, announced the upcoming launch of two operational bases in Luanda for metal structure repairs and oil tank cleaning, with a total investment of $150,000. According to Aurélio dos Santos, the company’s general director, the new facilities are located in the Mundo neighborhood of Benfica and are set to begin operations in September. The project, which was first announced in May, includes the construction of two

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International Gold News

Ghana Unveils first Gold Refinery to curb Smugglind and add Value

The Royal Ghana Gold Refinery, which will process 400 kilograms of gold daily, primarily sources raw materials from artisanal and small-scale mines. These mines contribute about one-third of Ghana’s annual gold output of roughly 4 million ounces, according to Bloomberg. Bank of Ghana Governor Ernest Addison stated that the refinery will play a crucial role in curbing gold smuggling, a persistent issue in the country, by providing a ready market for artisanal and small-scale miners.

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International News Oil

Nigerian Refineries Increase Crude Demand Amid Supply Challenges

Nigerian refineries, including the Dangote Refinery, have raised their domestic crude oil requirements for the second half of 2024 to 597,700 barrels per day (bpd), up from 483,000 bpd in the first half, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). This increase in demand comes despite limited domestic supply. The NUPRC reported that it secured only 177,777 bpd from oil producers during the first half of the year, far below the refiners’ requests.

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Oil

Top 10 African countries with the smallest oil reserves in 2024

We often hear about Africa’s oil giants, but less is said about the countries with smaller reserves. On a continent as diverse as Africa, with its 54 countries, not every country is blessed with abundant oil wealth. We often hear about Africa’s oil giants, but less is said about the countries with smaller reserves. On a continent as diverse as Africa, with its 54 countries, not every country is blessed with abundant oil wealth. In

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International Gold News

B2Gold Lowers 2024 Production Forecast Amid Fekola Mine Delays

B2Gold, a Canada-based precious metals miner, has revised its 2024 production guidance downwards due to lower-than-expected output from its Fekola mine in Mali. The company now forecasts total production between 800,000 and 870,000 ounces for the year, including 20,000 ounces from the recently sold Calibre Mining. This is a reduction from the previous range of 860,000 to 940,000 ounces, which had included 40,000 to 50,000 ounces from Calibre before its sale in June. The drop

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International Gas News

Mozambique Exports 4.48 Million Tonnes of LNG

The Coral Sul floating platform, located off the coast of northern Mozambique’s Cabo Delgado province, has exported 4.48 million tonnes of Liquefied Natural Gas (LNG) between November 2022 and June 2024, through 63 shipments. Mozambican President Filipe Nyusi announced these figures during his annual state of the nation address to the Mozambican parliament, the Assembly of the Republic (AR), on Wednesday. Nyusi highlighted this achievement as the fulfillment of a long-held national aspiration and a

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Diamonds International News

Petra Diamonds Postpones Tender Amid Weaker Market Demand

London-listed Petra Diamonds has postponed its August/September tender to align with actions by major producers aimed at restricting supply in response to weaker market demand. The rough diamond parcels from Petra’s South African operations, initially slated for sale in the first tender of the 2025 financial year, will now be included in the second tender, scheduled to close in mid-October. This decision does not affect the tender schedule for diamonds from Petra’s Williamson mine in

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