Vital Industry News
Lobito Atlantic Railway Transports Over 50,000 Tonnes of Cargo in First Quarter Angola’s Transport Minister Restructures Key Sector Bodies and Appoints New Leadership UK Ambassador Praises Lobito Corridor as a Catalyst for Angola’s Economic and Regional Integration Angola’s Oil Sector Drives Economic Growth Angola–U.S. Chamber of Commerce Urges Reform of Oil Sector Foreign Exchange Law Luele Mining Aims for 6.7 Million Carats in 2025 Amid Strong Production Performance Lobito Corridor Investment Opportunities Presented in Huambo Ghana Resumes Crude Processing with First Angolan Oil Delivery to Sentuo Refinery Alrosa Unearths 468-Carat Diamond, the Largest Gem-Quality Rough in Russian History De Beers Launches First Diamond Auction in Botswana After Relocation from Singapore
Lobito Atlantic Railway Transports Over 50,000 Tonnes of Cargo in First Quarter Angola’s Transport Minister Restructures Key Sector Bodies and Appoints New Leadership UK Ambassador Praises Lobito Corridor as a Catalyst for Angola’s Economic and Regional Integration Angola’s Oil Sector Drives Economic Growth Angola–U.S. Chamber of Commerce Urges Reform of Oil Sector Foreign Exchange Law Luele Mining Aims for 6.7 Million Carats in 2025 Amid Strong Production Performance Lobito Corridor Investment Opportunities Presented in Huambo Ghana Resumes Crude Processing with First Angolan Oil Delivery to Sentuo Refinery Alrosa Unearths 468-Carat Diamond, the Largest Gem-Quality Rough in Russian History De Beers Launches First Diamond Auction in Botswana After Relocation from Singapore
Transport and Logistics Local News

Lobito Atlantic Railway Transports Over 50,000 Tonnes of Cargo in First Quarter

Local Transport and Logistics

Angola’s Transport Minister Restructures Key Sector Bodies and Appoints New Leadership

Local Economy Transport and Logistics

UK Ambassador Praises Lobito Corridor as a Catalyst for Angola’s Economic and Regional Integration

More Angolan Mining News

Transport and Logistics Local News

Lobito Atlantic Railway Transports Over 50,000 Tonnes of Cargo in First Quarter

Lobito Atlantic Railway (LAR) transported 50,235 tonnes of cargo between January and March 2025. Of…
Local Transport and Logistics

Angola’s Transport Minister Restructures Key Sector Bodies and Appoints New Leadership

Angola’s Minister of Transport, Ricardo Viegas d’Abreu, on Monday, announced a series of restructurings across…
Local Economy Transport and Logistics

UK Ambassador Praises Lobito Corridor as a Catalyst for Angola’s Economic and Regional Integration

The United Kingdom’s Ambassador to Angola, Bharat Joshi, has described the Lobito Corridor as a…
Local Economy News Oil

Angola’s Oil Sector Drives Economic Growth

The oil sector has been one of the fastest-growing industries in Angola in recent years,…
Local News Oil

Angola–U.S. Chamber of Commerce Urges Reform of Oil Sector Foreign Exchange Law

The President of the Angola–United States Chamber of Commerce, Pedro Godinho, has called for an…
Corporate News Diamonds Economy Local

Luele Mining Aims for 6.7 Million Carats in 2025 Amid Strong Production Performance

The Director General of Luele Mining Company (SML), Rômulo Mucasse, announced in Saurimo that stable…
Diamonds Corporate News International

Lucara Sells Clara Diamond Platform to Founders for $3 Million

Lucara Diamond Corp (TSX: LUC) has sold its 100% stake in the Clara rough diamond sales platform to its original founders, a group led by the HRA Group of Companies and company founder Eira Thomas. Clara is a digital marketplace that revolutionizes rough diamond sales, leveraging technology to connect buyers and sellers while enhancing transparency and trust. The platform integrates provenance and traceability services for individual rough diamonds, addressing the industry’s growing need for improved

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Local Corporate News Diamonds News

TAGS and Sodiam Sell $12.9M in Rough Diamonds at Angola Tender

Trans Atlantic Gem Sales (TAGS) and Angola’s state-owned Sodiam sold $12.9 million worth of rough diamonds at their third tender of the year. The sale, held in Luanda, featured 44 diamonds over 10.8 carats, including two stones exceeding 175 carats. Of the 44 stones offered, 42 were sold. Despite a challenging global diamond market, 38 international manufacturing firms participated in the tender. Both TAGS and Sodiam highlighted the benefits of the transparent tender system, which

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Diamonds Corporate News International

De Beers to Provide Country-of-Origin Details for Rough Diamonds Over 1.25 Carats

Starting in 2025, De Beers will provide country-of-origin information for all rough diamonds larger than 1.25 carats sourced from its mines and registered on its Tracr platform. This will extend to diamonds over 1 carat to comply with new Group of Seven (G7) import regulations, the company announced. “For the first time, we can offer customers the provenance of their diamonds at scale,” said De Beers CEO Al Cook. “Our goal is to share the

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International Corporate News Oil

Chevron Unveils New 17,000 bpd Oil Field in Nigeria’s Niger Delta

Chevron Nigeria Limited (CNL), a subsidiary of Chevron Corporation, has announced the discovery of a new oil field in the Western Niger Delta, capable of producing an estimated 17,000 barrels of oil per day (bpd). This significant find aims to bolster Nigeria’s declining oil output. The “near-field discovery” was made by the Meji NW-1 spud in Petroleum Mining Lease (PML) 49, located in the shallow offshore region. Chevron disclosed this development in a statement to

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International Gas News Renewable Energy

Egypt Revises 2040 Renewable Energy Target to 40%, Prioritizes Natural Gas

CAIRO, October 2024: Egypt has lowered its renewable energy target for 2040 from 58% to 40%, as announced by Petroleum Minister Karim Badawi. He emphasized that natural gas will remain a key part of Egypt’s energy strategy for the foreseeable future. Before hosting the COP27 climate summit in 2022, Egypt committed to increasing renewable energy to 42% of its energy mix by 2035, later advancing the goal to 2030. In June 2024, former Electricity Minister

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International Corporate News Mergers & Acquisitions Oil

Nigeria Approves Seplat Energy’s $1.28 Billion Acquisition of ExxonMobil’s Onshore Assets

ABUJA, 21 October 2024: Nigeria has officially approved Seplat Energy’s $1.28 billion acquisition of ExxonMobil’s onshore assets, as confirmed by Gbenga Komolafe, CEO of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The long-awaited approval comes more than two years after the deal was initially agreed upon in February 2022. The sale had faced regulatory scrutiny but received final clearance following President Bola Tinubu’s announcement on October 1, stating the deal would gain ministerial approval within

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International News Oil

Vivo Energy Expands Network with New Engen N1 Service Station in Marracuene

Vivo Energy Mozambique, the representative of the Engen brand and exclusive distributor of Shell lubricants, has inaugurated a new Engen N1 service station in Mumemo, Marracuene. This station opening is part of a strategic partnership with Camel Oil, a fuel and lubricants distribution company. Through this collaboration, which involves 12 stations in the Maputo province, Vivo Energy Mozambique will increase its network to 58 operational stations nationwide, strengthening its market presence. João Oliveira e Sousa,

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International News Renewable Energy

Mozambique to Invest $110.6 Million in New Solar Power Plant Near Corumana Dam

State-owned utility Electricidade de Moçambique (EDM) is set to invest $110.6 million, in partnership with private companies, to build a 60 MW solar power plant near the Corumana Dam in Maputo province. The project, involving private partners from VBC and operated by Central Solar de Corumana, aligns with Mozambique’s strategic energy goals, according to the non-technical summary of the Environmental Impact Study (EIS), now under public consultation. “This renewable energy project will help the Government

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Local News Oil

Baker Hughes Secures Contract for TotalEnergies’ Kaminho FPSO Project in Angola

Energy technology company Baker Hughes has been awarded a contract to provide advanced compression solutions to Saipem, supporting TotalEnergies’ Kaminho FPSO project offshore Angola. Baker Hughes will supply its centrifugal BCL compressor and integrated compressor line technology, selected for its ability to reduce emissions by eliminating routine flaring and reinjecting associated gas into the reservoir for storage. “The all-electric Kaminho FPSO project in Angola is a prime example of sustainable energy development, providing critical energy

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Local News Oil

UK Energy Firm Corcel Eyes Angola’s KON 11 and 12 Onshore Blocks for Expansion

UK-based integrated energy company Corcel is targeting Angola’s onshore blocks KON 11 and 12 as part of its strategic expansion, according to CEO Scott Gilbert, who spoke at the Angola Oil & Gas 2024 conference. In the interview, Gilbert revealed that Corcel is actively seeking new ventures, aiming to acquire oil and gas assets in both Angola and Brazil. He highlighted Angola’s onshore prospects, which have been producing oil since the 1970s, and expressed the

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