Vital Industry News
Burkina Faso Set to Boost Gold Output as New Mines Come Online Debswana and BPC Partner to Advance Renewable Energy Goals Through REC Agreement Pensana Secures £2-Million Investment Boost as Longonjo Mine Construction Advances South Africa Proposes 10-Year LNG Import Deal with the U.S. to Boost Trade and Energy Security South Africa’s Fuel Crisis Deepens as Refining Capacity Halved Third Fatality Confirmed Following Cabinda Oil Platform Accident Congo Secures AfDB Funding for Hydropower Feasibility Studies at Mbandza Ndounga and Linzolo Eni, Vitol, and GNPC Begin New Drilling Phase to Sustain Production Offshore Ghana Angola Signs 25-Year Risk Service Contract for Block CON 4 to Boost Onshore Oil Development TotalEnergies Eyes Mid-2025 Restart for $20 Billion Mozambique LNG Project
Burkina Faso Set to Boost Gold Output as New Mines Come Online Debswana and BPC Partner to Advance Renewable Energy Goals Through REC Agreement Pensana Secures £2-Million Investment Boost as Longonjo Mine Construction Advances South Africa Proposes 10-Year LNG Import Deal with the U.S. to Boost Trade and Energy Security South Africa’s Fuel Crisis Deepens as Refining Capacity Halved Third Fatality Confirmed Following Cabinda Oil Platform Accident Congo Secures AfDB Funding for Hydropower Feasibility Studies at Mbandza Ndounga and Linzolo Eni, Vitol, and GNPC Begin New Drilling Phase to Sustain Production Offshore Ghana Angola Signs 25-Year Risk Service Contract for Block CON 4 to Boost Onshore Oil Development TotalEnergies Eyes Mid-2025 Restart for $20 Billion Mozambique LNG Project
International Gold

Burkina Faso Set to Boost Gold Output as New Mines Come Online

Corporate News Diamonds International Renewable Energy

Debswana and BPC Partner to Advance Renewable Energy Goals Through REC Agreement

Corporate News Local Mining Projects

Pensana Secures £2-Million Investment Boost as Longonjo Mine Construction Advances

More Angolan Mining News

International Gold

Burkina Faso Set to Boost Gold Output as New Mines Come Online

Burkina Faso is on track to increase industrial gold production in 2025, driven by the…
Corporate News Diamonds International Renewable Energy

Debswana and BPC Partner to Advance Renewable Energy Goals Through REC Agreement

Botswana Power Corporation (BPC) and Debswana Diamond Company have signed a Memorandum of Agreement (MoA)…
Corporate News Local Mining Projects

Pensana Secures £2-Million Investment Boost as Longonjo Mine Construction Advances

London-listed Pensana has secured a fresh £2-million in funding, with £1-million coming from major institutional…
International Gas News

South Africa Proposes 10-Year LNG Import Deal with the U.S. to Boost Trade and Energy Security

South Africa has proposed a long-term agreement to import liquefied natural gas (LNG) from the…
South Africa’s Fuel Crisis Deepens as Refining Capacity Halved
International News Oil

South Africa’s Fuel Crisis Deepens as Refining Capacity Halved

Nearly half of South Africa’s oil refining capacity remains idle, reflecting a sharp decline over…
Local News Oil

Third Fatality Confirmed Following Cabinda Oil Platform Accident

Authorities have confirmed a third fatality resulting from the oil platform accident that occurred on…
International Energy News

Mozambique Strengthens Role as Southern Africa’s Energy Hub

Mozambique exported nearly 80% of its electricity output to South Africa in 2023, solidifying its position as a leading energy producer in southern Africa. The country supplied electricity to six other neighboring nations, setting a new record for energy exports. According to the 2023 annual report from the National Statistics Institute, Mozambique exported a total of 11,585 GWh of electricity last year. South Africa, the largest buyer, accounted for 9,079 GWh. Other key recipients included

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International Gas News

Mozambique to Boost Cooking Gas Supply and Expand Electricity Access

Mozambican President Filipe Nyusi has announced plans to increase the country’s cooking gas supply capacity by 60,000 tons in the coming quarter. This initiative is part of broader efforts to address 60% of Mozambique’s domestic energy consumption needs. President Nyusi revealed that a new gas production facility is under construction in Inhassoro, located in Inhambane province. The factory is expected to become operational next year, aiming to reduce dependence on imports and alleviate the demand

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Diamonds Economy Local News

Angola Contributes 9% to Global Kimberley Process Diamond Trade in 2024

Angola accounted for 9% of the diamonds traded globally by countries participating in the Kimberley Process during the 2024 fiscal year, according to the National Commission’s (CNPK) Balance of Actions and Perspectives Report for the 2023/2024 Sector Development Plan. The report indicates that Angola sold 9,754,309.81 carats during the period, valued at $1.5 billion, with an average price of $157.06 per carat. The CNPK’s data shows that total global production for the same period reached

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International Petroleum

NNPC Refutes Shutdown Rumors for Port Harcourt Refinery

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has debunked rumors circulating in local media that the Old Port Harcourt Refinery, re-streamed two months ago after a $1.5 billion rehabilitation, has ceased operations. Olufemi Soneye, NNPC’s Chief Corporate Communications Officer, dismissed the claims as “totally false,” stating that the refinery remains fully operational. He noted, “Preparation for the day’s loading operation is ongoing.” Soneye described the reports as deliberate attempts to create artificial scarcity and

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International News Oil

Aliko Dangote Explains Nigeria’s Surprising Fuel Price Drop

Nigerian billionaire Aliko Dangote, owner of the $20 billion Dangote Refinery, has shed light on the recent drop in fuel prices across Nigeria, following a year of steady increases. Speaking on Arise TV, Dangote emphasized that the price reduction was driven by market dynamics rather than any deliberate effort by marketers to provide festive season relief. Dangote explained, “The price reduction is a response to the market, let me just put it that way. It

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Corporate News International Renewable Energy

Infinity Power and Pele Green Energy Secure 1.28 GW in South African Solar Projects

Infinity Power, in partnership with Pele Green Energy, has been awarded six solar projects with a combined capacity of 1.28 GW under South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) Seventh Round. This achievement will triple Infinity Power’s current generation capacity in South Africa, supporting its ambitious goal to deploy 10 GW of renewable energy across Africa by 2030. Expanding South Africa’s Renewable Energy Landscape The six solar photovoltaic (PV) projects, with a

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International News Renewable Energy

Chad Advances Renewable Energy with €28 Million Solar Power Initiative

The African Development Bank Group (AfDB) has approved €28 million in funding to develop solar power plants in Gassi and Lamadji, Chad, as part of its Desert to Power program. This initiative aims to expand energy access across Africa while supporting Chad’s transition to renewable energy. The financing includes €20 million in direct support—a combination of loans and grants from the Sustainable Energy Fund for Africa—and €8 million in financial guarantees. These guarantees are equally

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International Gas News

Congo Advances Refining and Gas Sector with Strategic Investments

The Congolaise de Raffinage (CORAF), a subsidiary of the state-owned Société Nationale des Pétroles du Congo (SNPC), operates Congo’s sole refinery in Pointe-Noire. Processing one million tons of crude oil annually, CORAF produces finished products like butane gas, gasoline, kerosene, light diesel, and heavy fuel oil, meeting approximately 70% of the country’s refined petroleum needs. The refinery sources most of its crude oil from the Djeno terminal, located south of Pointe-Noire. This terminal, handling 95%

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International Energy News

Egypt Secures $275 Million for Africa’s Largest Wind Farm

Egypt has obtained $275 million in funding to construct and operate the continent’s largest wind farm, the Suez Wind Project. The European Bank for Reconstruction and Development (EBRD) contributed $200 million, with an additional $75 million provided by Arab Bank and Standard Chartered. The project is co-financed by multiple international organizations, including the African Development Bank, British International Investment, Germany’s Deutsche Investitions-und Entwicklungsgesellschaft, Opec Fund for International Development, and the Arab Petroleum Investments Corporation. Situated

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International News Oil

Libya’s NOC Surpasses Oil Production Target, Eyes Future Growth

The National Oil Corporation (NOC) has announced that daily crude oil production has exceeded its annual target, reaching an impressive 1,405,609 barrels of crude oil, alongside 52,633 barrels of condensates. This milestone highlights the unwavering dedication and resilience of workers at production sites across the nation, despite challenges such as delays in approving the 2024 budget. In a statement celebrating the achievement, the NOC credited the collaborative efforts of its workforce and partners and outlined

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