Vital Industry News
Libya’s Arabian Gulf Oil Company Launches Production at Z-13 Well in Al-Bayda Field De Beers Board Member Matome Tsholetsa Malema Passes Away Sodiam Raises $25.8 Million in 16th Rough Diamond Auction Shell Reaffirms Commitment to Reviving Angola’s Oil Production Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions Global Oil Prices Surge Amid Rising Tensions in the Middle East Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa
International News Oil Petroleum

Libya’s Arabian Gulf Oil Company Launches Production at Z-13 Well in Al-Bayda Field

Corporate News Diamonds International Mining Personality

De Beers Board Member Matome Tsholetsa Malema Passes Away

Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

More Angolan Mining News

International News Oil Petroleum

Libya’s Arabian Gulf Oil Company Launches Production at Z-13 Well in Al-Bayda Field

Libya Starts Production at Z-13 Well in Al-Bayda Field as AGOCO Expands Oil Output Arabian…
Corporate News Diamonds International Mining Personality

De Beers Board Member Matome Tsholetsa Malema Passes Away

De Beers Board Member and Minerals Development Company Botswana CEO Matome Tsholetsa Malema Dies Global…
Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Angola’s Sodiam Generates $25.8 Million in Rough Diamond Auction, Surpassing Expectations Angola’s National Diamond Trading…
Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

Shell Pledges Support for Angola’s Oil Production Revival as Company Returns After 20 Years Shell…
Corporate News Local Oil

Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port

Sonangol Tanker Hit by Explosion Near Iraq’s Khor al Zubair Port; Crew Safe and Vessel…
Local Energy News

Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection

Angola and Namibia Strengthen Energy Ties, Discuss Power Interconnection and Baynes Hydroelectric ProjectAngola and Namibia…
Local News Transport and Logistics

Lobito Atlantic Railway Nears $533M US Loan to Boost Angola Rail Corridor

Lobito Atlantic Railway close to securing $533M US loan to modernize Angola’s key copper and cobalt export route Lobito Atlantic Railway (LAR) expects to finalize a $533 million loan agreement with the US International Development Finance Corporation (DFC) by the end of this year, according to CEO Nicholas Fournier. The financing is crucial to upgrading its Angolan railway concession and strengthening a vital export corridor for critical minerals. The DFC committed the loan in 2024

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Local Corporate News Transport and Logistics

Lobito Atlantic Railways Strengthens Leadership with New CEO and Chairperson Appointments

Lobito Atlantic Railways Names Nicholas Fournier CEO and Alexandre Canas Chair to Drive Angola’s Transport Corridor Expansion Angola’s rail operator Lobito Atlantic Railways (LAR) has announced a significant leadership change, appointing Nicholas Fournier as CEO and Alexandre Canas as chairperson on August 19. The move marks the formal separation of the two roles, a step aimed at strengthening governance as the company enters a crucial phase of operational growth. With its new executive committee and

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Corporate News International Oil

TotalEnergies Plans New Offshore Drilling in South Africa’s Deep Western Orange Basin

TotalEnergies to Drill Seven Wells in South Africa’s Orange Basin as Oil Frontier Expands TotalEnergies SE is preparing to launch a new offshore drilling campaign in South Africa’s Deep Western Orange Basin, a region that extends into waters where Namibia has recently made major oil discoveries. According to SLR Consulting, which is conducting an independent environmental assessment, TotalEnergies’ South African subsidiary intends to drill up to seven wells located about 211 kilometers (131 miles) off

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International News Oil

Cameroon to Revive Fire-Damaged Refinery Under Government-Backed Plan

Cameroon Launches $400M Plan to Restart Sonara Refinery by 2027 After 2019 Fire Cameroon’s 42,000-barrel-per-day Sonara refinery, shuttered since a devastating fire in 2019, is set for rehabilitation under a new government-backed program aimed at restoring the country’s refining capacity by 2027. The recovery framework, known as Parras 24, was formally approved during a board meeting on August 13. It sets out a 24-month roadmap for restructuring and repairs to revive operations at the country’s

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International News Oil

Namibia Delays Lüderitz Port Upgrade Amid Oil Boom Prospects

Namibia Postpones Lüderitz Harbor Expansion Crucial for Oil and Gas Industry Growth Namibia’s port authority has postponed plans to upgrade the southern harbor in Lüderitz, a key infrastructure project seen as vital for supporting the country’s fast-emerging oil and gas industry. The Namibian Ports Authority (Namport) had invited proposals for a concession to establish an oil and gas supply base in Lüderitz. However, the process was put on hold last week after the advertisement raised

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Corporate News International Oil

South African Court Halts TotalEnergies’ Cape Coast Drilling Plan

Court Halts TotalEnergies’ Offshore Oil Exploration Over Environmental Concerns A South African court has overturned an environmental authorization that allowed TotalEnergies and its joint venture partner Shell to explore for oil off the Cape coast, citing serious flaws in the company’s environmental review. The Western Cape High Court ruled on August 13 that TotalEnergies failed to adequately assess the potential socio-economic impact of oil spills and neglected to consider climate change in its application. “Total

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Corporate News Gas International Petroleum

Seplat Energy Completes First Domestic LPG Supply, Boosts Nigeria’s Energy Security

Seplat Energy Delivers First Domestic LPG Supply to Cut Cooking Gas Imports and Strengthen Nigeria’s Energy Security Seplat Energy PLC has successfully completed its first domestic supply of Liquefied Petroleum Gas (LPG)—Butane from the Bonny River Terminal (BRT) in Rivers State, Nigeria. The inaugural shipment involved loading 12,600 metric tons (MT) of LPG, a milestone that underscores Seplat’s strategy to expand local energy availability and reduce Nigeria’s reliance on imported cooking gas. Until now, LPG

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International Oil Partnerships Petroleum

Algeria Deepens Energy Ties with Occidental Petroleum Through New Study Agreements

Algeria Signs Oil and Gas Study Deals with Occidental Petroleum to Boost Exploration Potential Algeria has strengthened its partnership with U.S. energy giant Occidental Petroleum by signing two study agreements aimed at assessing oil and gas reserves in the country’s south. The deals, announced by Alnaft, Algeria’s National Agency for Hydrocarbon Resources Valorization, cover El Ouabed and Dahar, two promising regions in southern Algeria. Assessing New Hydrocarbon Potential According to Alnaft, the agreements will allow

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International Energy Gas News Oil

Nigeria’s President Commissions WAGL LPG Vessel in Abroad

Nigeria Expands LPG Fleet as Tinubu Commissions MT Iyaloja in South Korea to Boost Clean Energy Access President Bola Ahmed Tinubu has reaffirmed Nigeria’s readiness to provide clean and sustainable energy solutions at home, across Africa, and globally. The President made this known while commissioning a 40,000 cubic meter (CBM) Liquefied Petroleum Gas (LPG) carrier, MT Iyaloja (Lagos), at a ceremony in Ulsan, South Korea. The vessel, owned by WAGL Energy Limited—a joint venture between

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International Economy

Africa Energy Bank Faces Uncertain Future as Funding Dispute Stalls Launch

Africa Energy Bank Launch Threatened as Afreximbank Urges APPO to Release $1.25 Billion in Equity Funds The future of the Africa Energy Bank (AEB) is at risk after the African Export-Import Bank (Afreximbank) warned that delays by the African Petroleum Producers Organisation (APPO) in releasing equity subscription funds could indefinitely stall the landmark project. In a letter to APPO Secretary-General Dr. Omar Farouk Ibrahim, Afreximbank cautioned that APPO’s insistence on finalizing a launch date, selecting

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