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…
International Renewable Energy

Egypt to Enhance Electrical Capacity with $700 Million Wind and Solar Projects

The Egyptian Ministry of Electricity and Renewable Energy plans to increase the country’s electrical capacity by 750 megawatts with two new wind and solar energy projects by October 2024. These projects represent a total investment of $700 million and will significantly advance Egypt’s renewable energy goals. The first project, a wind energy initiative, will be inaugurated in August with a capacity of 250 megawatts. It is being developed through a partnership between Orascom Construction, Toyota,

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International Oil

Sentuo Group Invests $980M in Tema Refinery

Sentuo Group is investing $980 million to build a two million metric tons per year oil refinery in Tema, with a second phase planned to add another three million metric tons per year. Mr. Xu Ningquan, Executive Chairman of the Sentuo Group, announced the investment when representatives from the African Refiners Association (ARDA) and the Cooperation on International Traceability in Analytical Chemistry (CITAC) paid a working visit to the Sentuo Oil Refinery in Tema. Currently,

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Oil International News

Senegal Exports First Crude Oil Shipment to Europe

Senegal has entered the oil export market, with its first shipment of crude oil reaching Europe. According to Africa Ports, the 158,268-dwt crude oil tanker Maran Poseidon transported Senegal’s medium-sour crude oil to the Netherlands and Germany. The oil was extracted from the Sangomar offshore oil and gas field in the MSGBC basin, which includes Mauritania, Senegal, the Gambia, Guinea-Bissau, and Guinea-Conakry. This field is located about 96 km south of Senegal’s Port of Dakar.

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International News Oil

Mozambique Imposes New Reporting Requirements on Oil Concessionaires

Oil concessionaires in Mozambique must now provide detailed information on salaries and the contracting of goods and services to the government, including proof of tender proposals received. This new mandate is outlined in the Ministry of Mineral Resources and Energy’s diploma 55/2024, effective from July 5th, 2024, which approves Guidance Mechanisms for Obligations for Contracting Goods and Provision of Services, Employment Programs, Training Programs, Association with Nationals, Preferential Rights, and Adjustment of Conduct of concessionaires.

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Energy

Mozambique Approves Eni-Led Petroleum Exploration in Angoche A6-C Offshore Area

The Mozambican Government has approved the concession contract for petroleum exploration and production in the Angoche A6-C Offshore Area. This agreement involves Eni Mozambico as the operator and Empresa Nacional de Hidrocarbonetos (ENH) as the partner. The Council of Ministers made this decision during an ordinary meeting, granting the concessionaire exclusive rights to conduct petroleum operations within the specified concession area. This includes producing oil from underground resources and building infrastructure for petroleum production and

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Oil International News

Dangote’s Refinery Faces Crisis Amid Nigeria’s Oil Supply Shortage

Nigeria’s largest oil company, Dangote, risks going out of business due to a lack of support from the state, which currently cannot supply crude oil to its newly inaugurated refinery. After launching one of Africa’s largest refineries, designed to provide oil at lower costs for the population, Dangote is now confronting an unprecedented crisis. Despite the company’s requests, the Nigerian government has stated it does not have crude oil available for supply. Consequently, the government

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Diamonds International News

De Beers’ Sky Park Building Achieves Prestigious Green Ratings

Diamond miner De Beers’ new rough diamond sorting, valuation, and sales building, Sky Park, in Johannesburg, has received multiple prestigious green ratings from the Green Building Council of South Africa (GBCSA). The building has earned a five-star interior green rating and two four-star green building ratings. These ratings were awarded for sustainable design elements proposed and approved by the GBCSA, as well as the ‘As-Built’ rating, which evaluates the use of green and sustainable materials

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Gas International News

Australia Issues New Offshore Gas Exploration Permits to Address Supply Concerns

Australia announced new offshore gas exploration permits for its east and west coast markets on Tuesday, aiming to alleviate concerns about long-term supply gaps as the country transitions away from coal-fired power stations. The center-left Labor government considers gas a critical element in its move towards cleaner energy, despite its commitment to achieving net-zero carbon emissions by 2050. In May, the government supported long-term gas drilling. “As ageing coal generation comes offline in the coming

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Diamonds Local News

Lucapa Diamond Company Sells Six Diamonds for $12.4 Million

ASX-listed Lucapa Diamond Company has successfully sold six diamonds from the Lulo mine in Angola for $12.4 million in a special tender. The diamonds, totaling 447 carats, included five white Type IIa diamonds and one pink diamond. The average price per carat was approximately $27,700. Managing Director and CEO Nick Selby expressed satisfaction with the tender results, stating, “Our alluvial project in Angola consistently delivers exceptional diamonds that remain in high demand across all market

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Local Mining News

Pensana’s Geraldine Tchimbali Nominated for WIM100

Geraldine Tchimbali, the country manager for London-listed Pensana’s Longonjo rare earths project in Angola, has been nominated for the prestigious 100 Global Inspirational Women in Mining (WIM100). This biennial publication, released by Women in Mining UK, celebrates the accomplishments of women in the global mining industry. “[Geraldine] has been an enthusiastic member of the exploration team, contributing to potentially significant discoveries at the Coola project, located 75 km north of Longonjo,” said Pensana Chairperson Paul

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