Vital Industry News
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 Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves
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

Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

More Angolan Mining News

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…
International News Oil

Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium

Oil Surges 25% to Highest Since 2022 Amid Iran War, Driving Vegoils and Aluminium Prices…
Economy Diamonds News Oil

Angola Records Highest GDP Growth in a Decade, Driven by Oil and Mining Sectors

Angola’s Economy Grows 4.4% in 2024: Strongest Expansion in a Decade Fueled by Oil and Diamonds Angola’s economy grew by 4.4% in 2024, marking its strongest annual expansion since 2014, according to the World Bank’s latest Angola Economic Update. This robust growth was primarily driven by a recovery in the oil sector, increased diamond production, and strong performance in the commerce and fishing industries. Despite this positive momentum, economic growth is projected to moderate between

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Corporate News Local Oil

Begónia Oil Project Adds 30,000 Barrels per Day to Angola’s Offshore Output

Angola Launches Production at Begónia Offshore Oil Project The National Agency for Petroleum, Gas and Biofuels (ANPG), TotalEnergies (the operator), and partners of the Block 17/06 Contractor Group have announced the start of oil production at the Begónia Project. The extracted crude will be processed via the FPSO Pazflor, located in Block 17, offshore from Angola’s Zaire Province. The Block 17/06 partnership includes TotalEnergies (30% operator interest), Sonangol EP (30%), SSI (27.5%), ETU Energias (7.5%),

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Diamonds International Mining Projects

Botswana Diamonds Secures Four New Prospecting Licences After AI-Driven Exploration Success

Botswana Diamonds Awarded Four New Prospecting Licences Following AI-Powered Exploration for Diamonds and Critical Minerals London-listed Botswana Diamonds has been awarded four new prospecting licences in Botswana following an extensive AI-driven exploration programme across the country. This innovative approach identified several highly prospective targets for diamonds as well as critical minerals including copper, silver, cobalt, gold, nickel, zinc, and platinum group metals (PGMs). The four licences—PL298, PL303, PL304, and PL305—focus primarily on diamond exploration and

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Corporate News International Oil

Woodside Energy Takes Over Operatorship of Bass Strait Assets from ExxonMobil

Woodside Energy Assumes Control of Bass Strait Oil and Gas Operations, Unlocking $60M in Synergies Woodside Energy announced on Tuesday that it will assume operatorship of the Bass Strait oil and gas assets from ExxonMobil, a move expected to generate approximately $60 million in synergies. The Bass Strait portfolio includes the Gippsland Basin and Kipper Unit joint ventures. Both Woodside and ExxonMobil each hold a 50% stake in the Gippsland Basin and 32.5% in the

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Local Economy News

SPACIUM Incubator Launches to Empower Angola’s Youth Entrepreneurs

Angola Launches SPACIUM Incubator to Support 150 Young Entrepreneurs Under SonaJovem 5.0 Program In a strategic move to empower young innovators, Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, officially inaugurated the SPACIUM incubator this Monday at the ISPTEC Campus. This state-of-the-art facility is designed to support young entrepreneurs by helping them transform promising ideas into sustainable businesses. The launch ceremony was attended by key government figures, including the Secretary of State for

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Corporate News Local Oil

Etu Energias to Launch Major Lubricants Plant in Luanda by 2026

Etu Energias to Build $24,000-Ton Lubricants Plant in Luanda, Creating Jobs and Reducing Imports by 2026 Etu Energias has announced the construction of a new lubricants manufacturing facility in Luanda, Angola. With a planned annual production capacity of 24,000 metric tons, the plant is expected to be completed within the first quarter of 2026. The facility aims to meet growing domestic demand, reduce dependence on imports, and create new employment opportunities. The future factory will

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Corporate News Local Renewable Energy

Masdar to Invest $2 Billion in Solar Energy Projects Across Angola

UAE’s Masdar to Build Solar Power Plants in Angola, Investing $2 Billion to Electrify 250,000+ Homes by 2027 Masdar, a leading renewable energy company based in the United Arab Emirates (UAE), is set to begin construction of photovoltaic power plants in Angola’s Huila and Namibe provinces next year. The initiative is part of a $2 billion investment to generate two gigawatts of clean energy in the country, according to a government statement obtained by VerAngola.

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International Corporate News Oil

TotalEnergies Holds Off on Venus Oil Project Pending Agreement with Namibian Govt

TotalEnergies Delays Final Decision on Namibia’s Venus Oil Discovery Amid Government Talks TotalEnergies has confirmed it will not proceed with the development of its multi-billion-dollar Venus oil discovery in Namibia’s Orange Basin until a formal agreement is reached with the Namibian government. During the company’s second-quarter earnings call, TotalEnergies CEO Patrick Pouyanné emphasized the need for alignment and mutual understanding before committing to a final investment decision (FID). “You’re dealing with a country that is

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Corporate News Gas International Oil

TSE Oil and Gas Prepares for Offshore Exploration in Namibia’s Walvis Basin

TSE Oil to Launch €80 Million Exploration Programme in Namibia’s Walvis Basin Block 2312 Namibian energy firm TSE Oil and Gas has announced its readiness to begin exploration activities in Block 2312 of the Walvis Basin, supported by a comprehensive €80 million (N$1.6 billion) programme. The initiative includes seismic surveys and the drilling of two offshore wells. TSE Oil CEO Thomas Shindi stated that the company submitted its application for a Petroleum Exploration Licence (PEL)

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International Gas Oil

PETROFUND Invests Over N$115 Million in Building Namibia’s Oil and Gas Talent Pipeline

PETROFUND Commits N$115 Million to Train Namibians for Careers in Upstream Oil and Gas Sector The Petroleum Training and Education Fund (PETROFUND) has invested more than N$115 million to develop skilled Namibian professionals for the country’s growing upstream oil and gas industry. Speaking at the 2nd Youth in Oil and Gas Summit, PETROFUND Chief Executive Officer Nillian Mulemi highlighted the impact of the fund’s flagship scholarship programme, which has already benefited 438 Namibians. The scholarship

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