Vital Industry News
Sonangol Aims for 10% National Oil Production Quota by 2027 with Target of 80,000 Barrels per Day PetroWorld to Launch Lubricants Factory in Angola Equinor Praises Angola’s Efforts to Revitalize Oil Production Angola’s President Defends Hydrocarbon Development Amid Global Climate Crisis Angola to Auction 44 Special Diamonds in Online Bidding Event Eni Secures Strong Interest for New LNG Project in Mozambique Amid Financing Challenges Financial Struggles Hamper Fuel Imports in Mozambique Triton Minerals to Acquire Promising Gold and Copper Project in Mozambique DRC Cancels Licensing Round for 27 Oil Blocks Amid Controversy and Irregularities Dangote to Begin Crude Oil Production in Nigeria by 2025
Local News Oil

Sonangol Aims for 10% National Oil Production Quota by 2027 with Target of 80,000 Barrels per Day

Local News Petroleum

PetroWorld to Launch Lubricants Factory in Angola

Local News Oil

Equinor Praises Angola’s Efforts to Revitalize Oil Production

More Angolan Mining News

Local News Oil

Sonangol Aims for 10% National Oil Production Quota by 2027 with Target of 80,000 Barrels per Day

Angola’s national oil company, Sonangol, is on track to achieve a national production quota of…
Local News Petroleum

PetroWorld to Launch Lubricants Factory in Angola

PetroWorld, a Dubai-based oil company, is set to open a lubricants factory in Angola early…
Local News Oil

Equinor Praises Angola’s Efforts to Revitalize Oil Production

Nina Birgitte Koch, Vice President for Africa at Equinor, has commended Angola's initiatives to revitalize…
Local News

Angola’s President Defends Hydrocarbon Development Amid Global Climate Crisis

Angolan President João Lourenço acknowledged the severity of the global climate crisis while emphasizing the…
Diamonds Local News

Angola to Auction 44 Special Diamonds in Online Bidding Event

Angola’s state-owned diamond marketing company, Sodiam, announced the electronic auction of 44 special diamonds, each…
International Corporate News Gas Oil

Eni Secures Strong Interest for New LNG Project in Mozambique Amid Financing Challenges

Eni SpA has garnered substantial interest for its upcoming floating liquefied natural gas (LNG) project…
Transport and Logistics Local News

AFC Signs Concession Deals for Angola-Zambia Lobito Rail Project

Africa Finance Corporation (AFC) has made significant progress on the Zambia Lobito Rail Project by signing concession agreements with the governments of Angola and Zambia. These agreements, finalized during a ceremonial signing on September 23, cover the financing, construction, ownership, and operation of the railway. t The event, hosted by U.S. Secretary of State Antony J. Blinken, coincided with the 79th session of the UN General Assembly (UNGA 79) as part of the Biden Administration’s

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International News Oil

Eni to Launch Drilling in Libya’s Ghadames and Sirte Basins

Italian oil company Eni has announced plans to begin onshore exploratory drilling in Libya’s Ghadames Basin next month, with an offshore drilling campaign in the Sirte Basin slated to start by late 2025. At the Libyan-Italian roundtable in Rome, Martina Obizzi, President of Eni’s North Africa and Levant region, underscored the significance of exploration in the energy sector. “Exploration is a key pillar of the energy industry,” Obizzi stated, as reported by Energy Capital &

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International Gas News

ExxonMobil Set to Finalize Natural Gas Extraction Design in Cabo Delgado

Walter Kansteiner, Vice President of ExxonMobil, announced on Tuesday that the technical design for the natural gas extraction project in Cabo Delgado, northern Mozambique, is expected to be completed within the next year. ExxonMobil is spearheading the construction and operation of all future natural gas liquefaction facilities for the Rovuma Basin Area 4 deep-water block, which is located off the Cabo Delgado coast. This project is operated by Mozambique Rovuma Venture (MRV), a joint venture

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Gas International News

ExxonMobil to Finalize Technical Design for Mozambique Gas Project within a Year

ExxonMobil expects to complete the technical design of its natural gas extraction project in northern Mozambique within the next year, according to Walter Kansteiner, the company’s Vice President for International Government Relations. Kansteiner made the announcement yesterday in New York after a meeting with the Mozambican President, who was concluding a visit to the United States. “We have announced our Front End Engineering Design (FEED), which is our advanced engineering and design phase. This process

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Oil International News

ExxonMobil Plans $10 Billion Investment in Nigerian Offshore Oil Operations

ExxonMobil Corp has announced a $10 billion investment in offshore oil operations as part of a renewed commitment to Nigeria, Africa’s fourth-largest economy. This announcement was made by Nigeria’s Vice President, Kashim Shettima, following a meeting with ExxonMobil executives at the ongoing 79th Session of the United Nations General Assembly in New York. This development comes despite Exxon’s recent agreement to sell its onshore assets to Seplat Energy for $1.3 billion and a downsizing of

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Local Mining Projects News

Pensana Secures $3.4 Million U.S. Grant to Boost Longonjo and Coola Projects in Angola

Pensana Plc (PRE.LSE) has announced the successful acquisition of $3.4 million in Technical Assistance grant funding from the U.S. International Development Finance Corporation (DFC), America’s development finance institution. The grant, part of the U.S. BUILD Act, will support feasibility studies aimed at expanding the capacity of the Longonjo mine and advancing the Coola project in Angola. The funds are designated for key projects, which, upon successful completion of feasibility studies, could receive additional loan funding

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Oil Gas News

ANPG to Offer 30 Oil and Gas Business Opportunities in 2025

The National Oil, Gas, and Biofuels Agency (ANPG) will present 30 business opportunities next year through the bidding of blocks in the Lower Kwanza and Benguela basins, as well as the permanent offer regime. Speaking at the launch gala of The Energy Year magazine’s 2024 edition in Luanda, ANPG Executive Director Alcides Andrade urged investors to explore these opportunities available in 2025. Andrade, quoted in an ANPG statement, announced that nine blocks will be available

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Local Gas News

SonaGas Warns of Fire Hazards Near Soyo Gas Plant Amid Rising Forest Fires

SonaGas, a subsidiary of Angola’s national oil company Sonangol, has expressed concerns over the increasing fire risks posed by hunters and farmers near its gas reception and production facility in Soyo, Zaire province. These fires, primarily set for land clearing and hunting, threaten the safety of the Angola LNG plant and the turbines at the Soyo combined cycle power plant. Jacelino Pinto, the unit’s supervisor, warned that fires around the plant perimeter often send sparks

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International Diamonds News

Gem Diamonds Unveils 212.91-Carat Diamond at Letšeng Mine

Gem Diamonds has uncovered a remarkable 212.91-carat rough diamond at its Letšeng mine in Lesotho, marking the 13th stone over 100 carats discovered by the company this year. The high-quality, type II diamond was found on September 19, just two weeks after the recovery of a 126.21-carat rough, making it the fifth large diamond retrieved in a little over a month. Earlier in September, the company also discovered a 122.20-carat stone, following a 129.71-carat rough

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International News Oil

Aliko Dangote Advocates for End to Fuel Subsidies Amid Currency Crisis

Africa’s richest man, Aliko Dangote, has emphasized that now is the opportune moment for Nigeria to eliminate its fuel subsidy, especially as his refinery’s gasoline production is set to alleviate pressure on the nation’s struggling currency. In an interview with Bloomberg Television in New York on Monday, Dangote stated, “Subsidy is a very sensitive issue. Once you are subsidizing something, people will inflate the price, and the government will end up paying more than it

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