Vital Industry News
DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets Dangote Plans Major Refinery Expansion to Boost Capacity and Create Thousands of Jobs South Africa Turns to US Fuel Imports as Middle East Supply Risks Reshape Energy Trade Senegal Takes Full Control of Yakaar-Teranga Gas Project After Kosmos Energy Withdrawal Rhino Resources Advances Capricornus Oil Discovery Appraisal Offshore Namibia TotalEnergies Expands Local Supplier Spending as Namibia’s Oil and Gas Sector Gains Momentum France Intensifies Push into Namibia’s Oil Sector as TotalEnergies Targets Major Offshore Projects Zambia Secures $1.5 Billion China Deal to Add 900 MW Power Capacity and Strengthen Energy Security Dangote Plans Major East Africa Refinery Expansion as African Leaders Push for Industrial Self-Sufficiency DRC Pushes for Energy Transformation as It Showcases Massive Hydropower Potential at African Energy Forum
Gold Economy International

DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets

Corporate News International Oil

Dangote Plans Major Refinery Expansion to Boost Capacity and Create Thousands of Jobs

International News Oil Petroleum

South Africa Turns to US Fuel Imports as Middle East Supply Risks Reshape Energy Trade

More Angolan Mining News

Gold Economy International

DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets

DR Congo Partners with UAE-Based Paradigm Holdings to Boost Gold Exports Through Dubai Trading Hub…
Corporate News International Oil

Dangote Plans Major Refinery Expansion to Boost Capacity and Create Thousands of Jobs

Aliko Dangote Targets 1.4 Million Barrels Per Day Capacity Expansion at Dangote Refinery, Creating Up…
International News Oil Petroleum

South Africa Turns to US Fuel Imports as Middle East Supply Risks Reshape Energy Trade

South Africa Boosts US Fuel Imports Amid Strait of Hormuz Tensions and Rising Global Shipping…
International Energy Gas News

Senegal Takes Full Control of Yakaar-Teranga Gas Project After Kosmos Energy Withdrawal

Senegal Transfers Yakaar-Teranga Gas Project to State Firm PETROSEN as Kosmos Energy Exits Major Offshore…
International Corporate News Oil

Rhino Resources Advances Capricornus Oil Discovery Appraisal Offshore Namibia

Rhino Resources Launches Capricornus-1A Appraisal Well to Assess Light Oil Discovery in Namibia’s Orange Basin…
Corporate News Gas International Oil

TotalEnergies Expands Local Supplier Spending as Namibia’s Oil and Gas Sector Gains Momentum

TotalEnergies Invests $141 Million in Namibian Suppliers to Boost Local Participation in Offshore Oil and…
International Gas News

Mozambique to Launch $7.2 Billion Coral Norte LNG Project in October

Mozambique Greenlights $7.2 Billion Coral Norte LNG Project, Backed by Eni, to Boost Gas Exports Mozambique will officially launch the $7.2 billion Coral Norte natural gas project next month in the Rovuma Basin’s Area 4, President Daniel Chapo announced on Monday during the Global Energy Alliance meeting in New York, held alongside the 80th United Nations General Assembly. Construction of Coral Norte is set to begin in October 2025, led by Italian energy major Eni.

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Local News Oil

Angola Faces Declining Oil Outlook Through 2032 Without New Discoveries

Angola Oil Outlook Negative Until 2032 as Production Falls and New Reserves Needed Angola’s oil sector faces a “very negative” outlook until at least 2032, with stabilization in production only possible through the discovery of new reserves, according to the Economic Report for the First Quarter of 2025 by the Economic Research Center of Lusiada University of Angola (CINVESTEC). The study warns that oil production will continue to decline over the next seven years unless

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Local News Renewable Energy

Angola Inaugurates Bailundo Solar Plant and Expands Rural Electrification in Huambo

Angola Boosts Clean Energy with Bailundo Solar Plant Inauguration and New Electrification Projects in Huambo Angola’s Minister of Energy and Water, João Baptista Borges, arrived in Huambo Province on Wednesday to inaugurate the Bailundo photovoltaic plant, oversee the electrification of Chicala Choloanga, and witness the signing of consignment documents for new rural electrification projects across several municipalities. According to a statement from the provincial government, Minister Borges was welcomed at Albano Machado Airport by Governor

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Local Economy News Oil

Angola Projects $72 Billion in Oil Investments Between 2025 and 2029

Angola Secures $72 Billion in Oil Concession Investments to Boost Production and Drive Energy Transition by 2029 Angola expects to attract $72 billion in investments for oil concessions already awarded between 2025 and 2029, according to Minister of Mineral Resources, Oil and Gas Diamantino Azevedo. Speaking at the opening of the Angola Oil & Gas 2025 Conference in Luanda, Azevedo noted that Angola received $84 billion in investments between 2017 and 2024 across active concessions

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Local Gas News

Soyo Gas Treatment Center to Receive First Angola LNG Shipment in November

Angola’s New Soyo Gas Treatment Center Set to Begin Operations with First LNG Shipment by November 2025 The Gas Treatment Center under construction in Soyo, Zaire province, is scheduled to receive its first shipment of natural gas from Angola LNG in November, according to the National Agency for Petroleum, Gas and Biofuels (ANPG). ANPG stated that construction has been advancing “at full steam” since it began in October 2023. A recent inspection led by block

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Local News Oil

Angola’s Oil Production Falls Below Targets in August Despite LNG Gains

Angola Oil Output Drops Below 1.04 Million Barrels Per Day in August While LNG Surges Angola’s oil production fell short of government targets again in August, averaging 1.03 million barrels per day, marking the sixth consecutive month of underperformance. According to the National Agency of Petroleum, Gas, and Biofuels (ANPG), total production reached 32.07 million barrels in August, equivalent to a daily average of 1,034,655 barrels, compared to the forecast of 1,086,727 barrels per day.

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Local Mining Projects Oil

Angola Advances Ornamental Rock Hub and Strengthens Mining and Oil Development in Namibe

Angola Boosts Namibe Mining and Oil Sector with Ornamental Rock Hub and Strategic Investments Angola’s Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, is in Namibe for a working visit, focusing on the construction of the Ornamental Rock Development Hub and meetings with local mining industry leaders. The Ornamental Rock Development Hub, located 32 kilometers from Mocamedes, is progressing rapidly, just over six months after the foundation stone was laid. Minister Azevedo was joined

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Local Corporate News Oil

Eni CEO Highlights $5 Billion Investment in Angola and Future Growth Plans

Eni and Azule Energy Commit Billions to Angola Oil and Gas with Focus on Deepwater, Gas, and Clean Energy The CEO of Italian multinational oil company Eni announced that Azule Energy has already invested $5 billion (4.3 billion euros) in Angola and plans to invest additional funds over the next four years. Speaking at the 6th Angola Oil & Gas International Conference, Claudio Descalzi emphasized Eni’s pioneering role in deepwater operations and complex, market-oriented projects,

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Local Expos & Events Oil

President Lourenço Highlights Angola’s Oil Sector as Engine of Economic Growth and Energy Transition

Angola President Emphasizes Oil’s Role in Economy and Energy Transition at Angola Oil & Gas 2025 Conference Angolan President João Lourenço underscored the importance of oil for the country’s economy and development, stressing that hydrocarbon-producing nations have the right to continue developing their resources despite the global challenges posed by climate change. Speaking at the 6th Angola Oil & Gas 2025 International Conference in Talatona, Luanda, President Lourenço acknowledged the severity of climate change while

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Corporate News Local Oil

Afentra Strengthens Angola Presence as Key Partner of Sonangol and Expands Oil Production

Afentra Strengthens Angola Presence with Block 3/05 Stake, Driving 21,000 BPD Output Independent British oil exploration and production company Afentra has emerged as a major international partner of Sonangol, Angola’s national oil company, according to a statement from Afentra. “In the first half of this year alone, Block 3/05, where Afentra holds a significant stake, recorded an average gross production of over 21,000 barrels of crude oil per day. This confirms the rehabilitation potential of

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