Vital Industry News
Gem Diamonds Reports $32.1 Million Quarterly Revenue Driven by High-Value Stone Sales Angola Showcases Oil Investment Opportunities at Africa Energies Summit 2026 in London João Lourenço Defends Angola’s Exit from OPEC and Lobito Refinery Investment Angola Invites Gabon to Invest in Lobito Refinery Project ANPG and Etu Energias Complete Successful Espadarte 7ST2 Well in Angola’s Block 2/05 Angola–EU Business Forum Targets Major Investment Push for Lobito Corridor Development South Sudan Declines to Renew Oranto Petroleum’s Block B3 Exploration Agreement Mozambique Relaunches Tender for 30 MW Solar Project in Sofala Province ExxonMobil Advances Block 15 Redevelopment to Extend Angola Oil Output Angola Launches Cabinda Refinery to Boost Domestic Fuel Supply and Exports
Corporate News Diamonds International

Gem Diamonds Reports $32.1 Million Quarterly Revenue Driven by High-Value Stone Sales

Local Expos & Events Oil

Angola Showcases Oil Investment Opportunities at Africa Energies Summit 2026 in London

Corporate News Local Oil

João Lourenço Defends Angola’s Exit from OPEC and Lobito Refinery Investment

More Angolan Mining News

Corporate News Diamonds International

Gem Diamonds Reports $32.1 Million Quarterly Revenue Driven by High-Value Stone Sales

Gem Diamonds Earns $32.1 Million as High-Value Letšeng Diamonds Boost Quarterly Performance Diamond producer Gem…
Local Expos & Events Oil

Angola Showcases Oil Investment Opportunities at Africa Energies Summit 2026 in London

Angola Strengthens Its Position as a Leading Oil Investment Destination at Africa Energies Summit 2026…
Corporate News Local Oil

João Lourenço Defends Angola’s Exit from OPEC and Lobito Refinery Investment

Angolan President João Lourenço Says OPEC Exit and Lobito Refinery Strategy Were Vindicated by Middle…
Local News Oil

Angola Invites Gabon to Invest in Lobito Refinery Project

Angola Seeks Gabon’s Investment in $200,000-Barrel-Per-Day Lobito Refinery to Boost Regional Fuel Supply Angola has…
Corporate News Local Oil

ANPG and Etu Energias Complete Successful Espadarte 7ST2 Well in Angola’s Block 2/05

Angola’s Block 2/05 Boosted as ANPG and Etu Energias Confirm Successful Espadarte 7ST2 Well Completion…
Local News Transport and Logistics

Angola–EU Business Forum Targets Major Investment Push for Lobito Corridor Development

Angola-EU Business Forum 2026 Focuses on Mobilizing Investment for Lobito Corridor Infrastructure, Trade, and Energy…
Corporate News International Oil

UAE Exit from OPEC Raises Concerns Over Oil Market Stability and Nigeria’s Revenue Outlook

UAE to Leave OPEC in 2026: Analysts Warn of Oil Price Volatility and Revenue Risks for Nigeria The planned withdrawal of the United Arab Emirates (UAE) from the Organization of the Petroleum Exporting Countries (OPEC) is raising concerns among energy analysts, who warn the move could weaken the group’s influence over global oil prices and create risks for oil-dependent economies such as Nigeria. The UAE is set to exit the alliance on May 1, 2026,

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Oil Economy Local News

Angola Oil Revenue Rises to $7.16 Billion in Q1 on Stronger Prices

Angola Oil Export Revenue Climbs 10% to $7.16B in Q1 2026 as Higher Brent Prices Boost Earnings Angola generated $7.16 billion from crude oil exports in the first quarter of 2026, representing a 10.18% increase compared to the same period in 2025, according to government data. The figures were presented by Secretary of State for Oil and Gas José Barroso during a quarterly review of the country’s oil and gas sector performance. Higher prices drive

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Local News Oil

Angola Oil Sector Faces Medium Risk of Money Laundering, Study Finds

Angola Upstream Oil Industry Identified as Medium Risk for Money Laundering and Corruption, New ANPG Report Says Angola’s upstream oil exploration and production sector carries multiple risks related to money laundering, corruption, and potential terrorist financing, according to a new regulatory study. The report, the Sectoral Risk Assessment on Money Laundering, Terrorist Financing and Proliferation Financing in the Upstream Segment, was prepared by the National Agency of Petroleum, Gas and Biofuels (ANPG) with support from

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International Infrastructure Local

Calucuve Dam Nears Completion to Strengthen Water Security in Southern Angola

Angola’s Calucuve Dam Set for July Completion to Boost Water Supply, Agriculture, and Drought Resilience The Calucuve Dam, located in the municipality of Cuvelai in Cunene province, is expected to be completed in July, according to the Ministry of Energy and Water. The project is part of Angola’s broader efforts to improve water access, strengthen drought resilience, and support regional development in the south of the country. Major water infrastructure project The Calucuve Dam includes

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Diamonds Economy Local

Lunda Norte Inaugurates Chitotolo Diamond Plant to Boost Production and Jobs

Angola Opens $9M Chitotolo Processing Plant in Lunda Norte, Raising Diamond Output Capacity by 140% The governor of Lunda Norte, Filomena Miza, has inaugurated the new Recovery and Processing Plant (CRP) of the Chitotolo Mining Company in a ceremony attended by the Minister of Mineral Resources, Petroleum and Gas, Diamantino Pedro Azevedo. The new facility is expected to significantly increase diamond production capacity while creating additional employment opportunities in the province, supporting both local livelihoods

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Diamonds Corporate News Economy Local

Endiama and Rio Tinto Launch Chiri Mining Venture for Diamond Exploration in Angola’s Lunda Sul

Angola Launches Chiri Mining JV as Endiama and Rio Tinto Begin Diamond Exploration in Lunda Sul Angola’s state-owned Endiama and global mining company Rio Tinto have officially launched the Chiri Mining Company, a joint venture that will carry out diamond prospecting and exploration in the Lunda Sul province. The company was formally established during a ceremony attended by Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, marking a new phase in the country’s

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International Corporate News Oil

Nigeria Approves $10.3 Billion Eni Deepwater Oil Investment in Zabazaba and Etan Fields

Nigeria Clears $10.3B Eni Offshore Oil Project to Develop Zabazaba and Etan Fields, Targeting 150,000 bpd by 2029 Nigeria has approved a $10.3 billion investment plan by Italian energy company Eni to develop deepwater oil projects offshore, paving the way for long-delayed production at the Zabazaba and Etan fields. The approval was confirmed by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), which oversees upstream oil and gas activities in the country. The project is one

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Renewable Energy International News

Botswana Signs 30-Year Deal for 500MW Solar and Battery Project in Maun

Botswana Launches 500MW Solar + 500MWh Storage Project to Cut Power Imports and Boost Energy Security Botswana has signed a 30-year power purchase agreement for a 500-megawatt (MW) solar photovoltaic plant with 500 megawatt-hour (MWh) battery storage in Maun, marking the country’s largest renewable energy project to date. The agreement was formalised during a groundbreaking ceremony attended by President Duma Boko, who described the project as a shift from planning to implementation in Botswana’s energy

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Renewable Energy International News

Germany and South Africa Sign €200M Loan Deal to Boost Energy Transition and Green Industry

South Africa Secures €200M German Loan to Upgrade Grid and Expand Renewable Energy and Green Hydrogen Projects Germany and South Africa have agreed on a €200 million ($234 million) concessional loan to support South Africa’s energy transition, alongside expanded cooperation in critical minerals and green industrial development. The agreement was confirmed by South Africa’s Minister of International Relations and Cooperation, Ronald Lamola, following bilateral talks in Berlin on Monday. Energy transition and grid upgrades The

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International News Renewable Energy

South Africa Commissions 148MW Bolobedu Solar Plant in Limpopo

South Africa Adds 148MW Bolobedu Solar Plant to Grid as Part of Renewable Energy Expansion Drive South Africa has officially commissioned the 148-megawatt (MW) Bolobedu Solar Plant in Limpopo province, adding new renewable capacity to the national electricity grid. According to the Government Communication and Information System (GCIS), the solar facility is expected to generate around 300 gigawatt-hours (GWh) of electricity annually and feed power directly into the national grid. The project spans approximately 347

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