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…
International Gas News Oil

Libya Launches Open Licensing Sale for 22 Oil and Gas Acreages

Libya has initiated its first open licensing sale since 2007, offering 22 acreages for exploration and development. The available blocks include 11 offshore and 11 onshore sites, with undeveloped discoveries estimated to contain at least 2 billion barrels of oil equivalent (BBOE) in hydrocarbon resources, according to the National Oil Corporation (NOC). To support the licensing process, NOC has compiled extensive geological and geophysical datasets using advanced digital tools. Libya is reported to hold approximately

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Corporate News International Oil

Dangote Refinery Halts Petroleum Sales in Naira to Align with Dollar-Based Crude Costs

Dangote Petroleum Refinery has temporarily paused the sale of petroleum products in Naira to address discrepancies between its sales revenue and crude oil purchase obligations, which are currently priced in U.S. dollars. In a statement issued to customers on Wednesday, the refinery’s management explained that the value of petroleum products sold in Naira had surpassed the worth of Naira-denominated crude it had received, prompting the need for the adjustment. The statement also refuted claims circulating

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Corporate News International Oil

Vitol Acquires Stakes in Eni’s West African and Congo Assets for $1.65 Billion

Vitol has agreed to acquire a $1.65 billion stake in Eni’s assets, including the Baleine project in Côte d’Ivoire and the Congo LNG project in the Republic of Congo. The deal encompasses both producing oil and gas assets as well as exploration, appraisal, and development-stage blocks. Under the agreement, Vitol will acquire: This acquisition strengthens the partnership between Vitol and Eni in West Africa, building on their existing collaborations in Ghana’s OCTP and Block 4

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International Renewable Energy

South Africa Secures Funding for Wind and Solar Energy Projects

South Africa’s renewable energy sector is set for expansion following successful funding for two major projects: the Overberg Wind Farm in the Western Cape and the Du Plessis Dam Solar PV2 project in the Northern Cape. Red Rocket has secured funding to begin phase one of the Overberg Wind Farm near Swellendam, which will eventually have a total capacity of 380MW. The first phase will contribute 242MW, with Richards Bay Minerals (RBM), a subsidiary of

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International News Oil

Niger Expels Chinese Oil Executives Over Wage Disparities

Niger has expelled three Chinese oil executives following a dispute over salary inequalities between expatriate staff and local workers, Oil Minister Sahabi Oumarou announced. Oumarou stated that the Nigerien government was dissatisfied with how wealth was distributed between the state and its foreign partners. He highlighted that in 2023, a Chinese employee in Niger earned an average of $8,678 per month, while a local worker in the same role received just $1,200. Despite repeated attempts

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International News Oil Petroleum

Nigeria Increases Petrol Imports as NNPC Ends Naira-for-Crude Program

Nigeria is set to witness a surge in Premium Motor Spirit (PMS) imports following the Nigerian National Petroleum Company (NNPC) Limited’s decision to end the Naira-for-Crude initiative—a policy that allowed local refiners to purchase crude in the local currency. The move could significantly impact local fuel production, particularly at the Dangote Refinery. According to a document from the Nigerian Ports Authority, reported by The Punch, seven vessels carrying 115,000 metric tonnes (154.22 million liters) of

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Corporate News Diamonds International

Petra Diamonds to Cut 468 Jobs Amid Market Challenges

Petra Diamonds plans to lay off approximately 468 workers at its Cullinan and Finsch mines in South Africa, according to the National Union of Mineworkers (NUM). NUM claims Petra intends to replace many of its permanent employees with contract labor to cut costs. The union attributes the job cuts to weak diamond market conditions, operational underperformance, upcoming debt refinancing, and cost-cutting measures. “The NUM believes these justifications are pretexts to sacrifice workers and shield executives

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International

Mountain Province Secures $20 Million Loan to Maintain Operations Amid Financial Struggles

Mountain Province has secured a $20 million loan from its majority shareholder, Dunebridge Worldwide, to sustain operations and settle outstanding debts with joint-venture partner De Beers. The loan aims to offset losses caused by weak diamond demand, which has driven prices down and placed the company under financial strain. This funding is part of a broader refinancing effort after Mountain Province recently disclosed difficulties in meeting both immediate and near-term obligations, including payments to lien

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Local Mining Projects News

Angola to Begin Niobium Production in 2025 Amid Infrastructure Challenges

Angola’s Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, has announced that niobium production will begin this year in Quilengues, Huila. The long-awaited project is expected to commence once electricity supply issues at the site are resolved. “If everything proceeds as planned, production activities will begin this year in the first phase, with future expansion planned,” Azevedo stated during a meeting with Niobonga, the Chinese company overseeing production. He emphasized the project’s significance, noting

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Petroleum Local News Oil

Angola Increases Diesel Price as Part of Fuel Subsidy Reform

The Angolan government has raised the price of diesel from 200 to 300 kwanzas per liter, effective from 1:00 AM on March 24, 2025. The Petroleum Derivatives Regulatory Institute (IRDP) announced the measure, stating that it is part of the ongoing “gradual adjustment of retail fuel prices to market levels.” In a statement released on Sunday, the IRDP clarified that, as the regulatory authority, it is responsible for setting and announcing fuel prices. While diesel

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