Vital Industry News
Namibia’s Orange Basin Drives Surge in Foreign Direct Investment (FDI) in Q4 2024 Namibia’s Offshore Oil Discoveries Face Challenges Due to High Gas Content Scatec Signs 25-Year PPA for 120MW Sidi Bouzid II Solar Plant in Tunisia Africa Energy Bank Gains Momentum with Key Contributions from Nigeria, Angola, and Ghana Aradel Holdings Expands Upstream Portfolio with $19.5 Million Acquisition of Olo Fields Galp Sells Mozambique LNG Assets to ADNOC Unit in $881 Million Deal Alrosa Unveils Russia’s Largest Polished Colored Diamond Dangote Refinery Expands Global Reach with Strategic Exports to Asia and Beyond Nigeria’s Oil Market Struggles Amid Crude Price Drop and Policy Shifts Angola’s Longonjo Mine Set to Supply 2.5% of Global Rare Earth Demand
Namibia’s Orange Basin Drives Surge in Foreign Direct Investment (FDI) in Q4 2024 Namibia’s Offshore Oil Discoveries Face Challenges Due to High Gas Content Scatec Signs 25-Year PPA for 120MW Sidi Bouzid II Solar Plant in Tunisia Africa Energy Bank Gains Momentum with Key Contributions from Nigeria, Angola, and Ghana Aradel Holdings Expands Upstream Portfolio with $19.5 Million Acquisition of Olo Fields Galp Sells Mozambique LNG Assets to ADNOC Unit in $881 Million Deal Alrosa Unveils Russia’s Largest Polished Colored Diamond Dangote Refinery Expands Global Reach with Strategic Exports to Asia and Beyond Nigeria’s Oil Market Struggles Amid Crude Price Drop and Policy Shifts Angola’s Longonjo Mine Set to Supply 2.5% of Global Rare Earth Demand
International News Oil

Namibia’s Orange Basin Drives Surge in Foreign Direct Investment (FDI) in Q4 2024

International Gas Oil

Namibia’s Offshore Oil Discoveries Face Challenges Due to High Gas Content

International News Renewable Energy

Scatec Signs 25-Year PPA for 120MW Sidi Bouzid II Solar Plant in Tunisia

More Angolan Mining News

International News Oil

Namibia’s Orange Basin Drives Surge in Foreign Direct Investment (FDI) in Q4 2024

Exploration activity in Namibia’s Orange Basin has led to a significant rise in foreign direct…
International Gas Oil

Namibia’s Offshore Oil Discoveries Face Challenges Due to High Gas Content

Namibia's promising offshore oil discoveries are facing a significant obstacle to full-scale development due to…
International News Renewable Energy

Scatec Signs 25-Year PPA for 120MW Sidi Bouzid II Solar Plant in Tunisia

Scatec has signed a 25-year power purchase agreement (PPA) with Tunisia’s state utility, Société Tunisienne…
Local Gas News Oil

Africa Energy Bank Gains Momentum with Key Contributions from Nigeria, Angola, and Ghana

Nigeria, Angola, and Ghana have successfully fulfilled their capital commitments to establish the Africa Energy…
Corporate News International Oil

Aradel Holdings Expands Upstream Portfolio with $19.5 Million Acquisition of Olo Fields

Aradel Holdings Plc, a prominent Nigerian energy company, has successfully completed its acquisition of the…
Corporate News International Oil

Galp Sells Mozambique LNG Assets to ADNOC Unit in $881 Million Deal

Portuguese energy firm Galp has finalized the $881 million sale of its upstream assets in…
Oil Local News

New Geological Survey to Enhance Understanding of Kwanza Basin Onshore Blocks

The National Agency for Oil, Gas, and Biofuels (ANPG) and Sonangol Exploration and Production are set to launch a geological data acquisition campaign in the Kwanza Basin Onshore Blocks starting this September. This initiative aims to enhance geophysical and geological knowledge of the Kwanza Basin Onshore Blocks, which span the provinces of Luanda, Malanje, and Cuanza-Norte, specifically Blocks KON-11, KON-12, and KON-15. According to a statement from ANPG, the first phase of the project will

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International Oil Petroleum

Major Oil Discovery Announced in Egypt’s Western Desert

Khaleda Petroleum Company, representing Apache Corporation and the Egyptian General Petroleum Corporation, has announced a significant oil discovery in the West Fayum-I area of the Kalabsha development zone, located in Egypt’s Western Desert. The company disclosed that during a well test, they drilled 270 feet into Paleozoic sands, leading to the discovery of 23 million cubic feet of associated gas. Electrical logs confirmed petroleum indicators within the Paleozoic formation, revealing a total net thickness of

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International Oil Petroleum

Dangote Refinery Set to Begin Fuel Sales After Multiple Delays

The long-awaited Dangote fuel is set to hit the market soon. The 650,000-barrel-per-day refinery is expected to start selling Premium Motor Spirit (PMS), commonly known as petrol, to Nigerians in mid-September, following several missed deadlines. According to Punch newspaper, citing an anonymous source, the Dangote refinery is nearing the commencement of petrol sales. The source confirmed that the Dangote Group is finalizing arrangements for the distribution of the product. The Punch report also indicated that

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International Petroleum Transport and Logistics

President Nyusi Inaugurates New Platforms to Boost Fuel Pipeline Capacity from Beira to Zimbabwe

On Thursday, August 29, 2024, President Filipe Jacinto Nyusi of Mozambique officially inaugurated two new pumping platforms at the Port of Beira. These platforms, built by Companhia do Pipeline Moçambique-Zimbabwe (CPMZ), are located in Beira (Sofala) and Maforga (Manica) and have increased the pipeline’s fuel pumping capacity from Beira to Feruka, Zimbabwe, from two million to three million cubic meters per year. Company Overview: CPMZ Companhia do Pipeline Moçambique-Zimbabwe, Limitada (CPMZ), has been a key

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Local Oil Petroleum

Pumangol Achieves International Recognition for Aviation Fuel Excellence and Safety

Pumangol, an Angolan fuel supply company, has earned international acclaim for its commitment to excellence and safety in the civil aviation sector, becoming the only operator in Angola accepted by the Joint Inspection Group (JIG). In a statement released today, Pumangol highlighted that being recognized as a JIG member places the company among those adhering to the highest global standards in fuel supply operations at airports. Additionally, Pumangol has been acknowledged as a strategic partner

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Diamonds International News

Botswana’s Okavango Diamond Seeks $300 Million Credit to Boost Purchases

Botswana’s state-owned Okavango Diamond Company (ODC) is seeking a $300 million credit facility from local banks to support increased diamond purchases, according to Finance Minister Peggy Serame. The move comes as ODC aims to capitalize on its growing share of diamond production from Debswana, a joint venture between Botswana and Anglo American’s De Beers. Established in 2012 as an independent sales channel for the government, ODC currently receives 25% of its diamonds from Debswana. However,

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Diamonds International News

Gem Diamonds Raises 2024 Production and Sales Forecast

London-listed Gem Diamonds, owner and operator of the Letšeng mine in Lesotho, has raised its production and sales guidance for the 2024 full year. The company now expects to recover between 98,000 and 101,000 carats, with sales projected between 100,000 and 103,000 carats. This is an increase from the previous guidance of 88,000 to 92,000 carats for recovery and 91,000 to 95,000 carats for sales. Despite ongoing pressure in the global diamond market, which has

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Oil Petroleum

Executive Committee changes at TotalEnergies

Appointments were made to the Executive Committee at TotalEnergies, effective 1. September: Effective September 1st, 2024, TotalEnergies’ Executive Committee will comprise: Bernard Pinatel’s biography Bernard Pinatel started his career at Booz Allen & Hamilton, before joining TotalEnergies in 1991, where he held various operational positions in production plants and the headquarter of different subsidiaries, including Hutchinson. He became CEO France, and then CEO Europe of Bostik between 2000 and 2006, and Chairman and Chief Executive

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Local Gas News

SonaGás Maintains Cooking Gas Prices Amid High Demand

Pedro de Sá, Operations Director at SonaGás, announced on Tuesday that there is no need to adjust the price of cooking gas despite a recent surge in demand. In an interview with Rádio Nacional, de Sá explained that the increased demand over the past week led to temporary supply imbalances, but these are expected to be resolved shortly. “SonaGás has a daily supply of 1,200 tons of butane gas available for distribution to the northern

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Oil News

Brent Oil Prices Dip Below $80 Amid Market Concerns and Geopolitical Tensions

The price of Brent crude oil, a key benchmark for Angolan exports, dropped by 2.31% on Tuesday, closing at $79.55 per barrel in the London futures market. This decline comes after a three-day rally that had pushed prices above the $80 mark. The drop in Brent prices was driven by concerns on Wall Street regarding crude oil’s future outlook. Major banks, including Goldman Sachs and Morgan Stanley, recently revised their 2025 price forecasts downward, predicting

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