Vital Industry News
Angola’s Brent Oil Exports Surge as Prices Hit Three-Month High Angola’s Oil Production to Plateau at 1.173 Million Barrels Per Day in 2025 Quilemba Solar Project Set to Begin in 2025 with Key Agreements Signed Mali’s Gold Seizure Forces Barrick Gold to Suspend Operations at Loulo-Gounkoto Mali Seizes Barrick Gold’s Assets Amid Growing Tensions in Mining Sector Nigeria’s Rising US Oil Imports and the Dangote Refinery’s Impact on Global Crude Flows Namibia Stays Optimistic Amid Shell’s $400M Write-Down in Offshore Oil Exploration Dangote Refinery Expands Crude Oil Storage with New Tanks BP Advances Drilling Projects at Raven Gas Field and Mediterranean Exploration Red Sky Energy Acquires 35% Stake in Angola’s Block 6/24
Local News Oil

Angola’s Brent Oil Exports Surge as Prices Hit Three-Month High

Oil Local News

Angola’s Oil Production to Plateau at 1.173 Million Barrels Per Day in 2025

Local News Renewable Energy

Quilemba Solar Project Set to Begin in 2025 with Key Agreements Signed

More Angolan Mining News

Local News Oil

Angola’s Brent Oil Exports Surge as Prices Hit Three-Month High

Brent crude oil, the benchmark for Angola's exports, surged 3.69% on Friday to close at…
Oil Local News

Angola’s Oil Production to Plateau at 1.173 Million Barrels Per Day in 2025

Oxford Economics, a British consultancy firm, forecasts that Angola's oil production will stagnate at 1.173…
Local News Renewable Energy

Quilemba Solar Project Set to Begin in 2025 with Key Agreements Signed

The long-awaited Quilemba Solar project is poised to begin in 2025, following a recent agreement…
Corporate News Gold International

Mali’s Gold Seizure Forces Barrick Gold to Suspend Operations at Loulo-Gounkoto

Barrick Gold has announced the temporary suspension of operations at its Loulo-Gounkoto mining complex in…
Corporate News Gold International

Mali Seizes Barrick Gold’s Assets Amid Growing Tensions in Mining Sector

Mali has begun removing gold from Canadian mining giant Barrick Gold's Loulo-Gounkoto mine using helicopters,…
Oil Corporate News International

Nigeria’s Rising US Oil Imports and the Dangote Refinery’s Impact on Global Crude Flows

In an uncommon move for an oil-producing nation, Nigeria—a significant net exporter of petroleum—imported 47,000…
International News Oil

Namibia Emerges as a Key Player in Oil Exploration

Recent discoveries along Namibia’s coast have transformed the country into a major hotspot for oil exploration. While Namibia has not yet produced any oil or gas, significant finds by major oil companies like TotalEnergies and Shell, estimated at 2.6 billion barrels, set the stage for production to begin around 2030. The Orange Basin has been a focal point of these discoveries, with other promising areas including the Luderitz, Kavango, and Walvis basins. Chevron, the U.S.

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Local Energy Mining Oil Renewable Energy

US Supports Angola’s Shift from Oil to Critical Minerals and Clean Energy

The United States is supporting Angola’s transition from an oil-dependent economy to a hub for critical minerals processing and clean power exportation, according to a senior US official. “Angola and the United States are aligned on all the major points related to energy access, energy security, decarbonization, and critical minerals,” stated US Assistant Secretary of State for Energy Resources Geoffrey Pyatt during an online media briefing on Tuesday. Angola, a leading crude oil producer in

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Diamonds International News

Diamcor Mining Extends Closing Date for Second Tranche of Private Placement

Diamond mining company Diamcor Mining is seeking to extend the closing date for the second tranche of its non-brokered revised private placement, following the successful closure of the first tranche on June 4. Initially announced on May 1, the original offering was expected to be oversubscribed. Consequently, Diamcor is seeking additional time to finalize documentation and other required items for several additional interested investors. The second and final tranche of the offering is now expected

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International Renewable Energy

Ghana introduces West Africa’s largest floating solar PV system

Ghana has initiated a major solar energy project which would utilize solar and hydro resources. The project stands as one of a kind in the sub-region of West Africa and is intended to supply at least 10% of the country’s power once fully actualized. Despite its promise to lessen the usage of fossil fuels, the project has caused controversy and sparked worries about potential environmental effects. Ghana has launched West Africa’s largest floating solar PV

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International

Dispute intensifies between European LNG buyers and Venture Global LNG over commissioning Cargoes

Venture Global LNG has strongly criticized Shell for its poor performance record at its LNG facilities, intensifying a dispute between European LNG buyers and the U.S.-based company. The conflict involves Shell, BP, Repsol, Galp, and other European LNG buyers, and centers on the definition of commissioning cargoes from a new LNG facility, which has significant implications for financing and future LNG sales. According to a report by Riviera Maritime Media, European buyers allege that Venture

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International Oil Petroleum

Nigeria to Spend More on Fuel Price Regulation in 2024 Despite Ending Subsidies

Nigeria, one of Africa’s largest oil producers, is projected to spend significantly more this year on regulating fuel prices compared to last year. Despite discontinuing fuel subsidies in 2023 due to their high cost, Nigeria’s expenditure is expected to rise from N3.6 trillion in 2023 to around N5.4 trillion in 2024. A Reuters report indicates that Nigeria could face a 50% increase in spending to maintain fixed petrol prices. A draft document reveals that the

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Diamonds International News

Tragic Accident at Debswana’s Jwaneng Mine Results in Fatality

Debswana has reported a tragic accident at their Jwaneng Mine operations on the morning of June 17, 2024. The incident involved a crane and a drill rig, leading to the fatal injury of an employee from one of their business partners, according to Matshidiso Kamona, Senior Corporate Affairs Manager responsible for brand and stakeholder relations. An investigation is currently underway to determine the circumstances surrounding the accident. Debswana has assured that all relevant stakeholders will

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Local Energy Gas News Oil

Angola and U.S. Companies Align for Major Oil, Gas, and Energy Projects

Angolan and North American companies in the oil, gas, and energy sectors have expressed their commitment to align with the policies of both governments to support project execution activities. This announcement came from the Secretary of State for Oil and Gas, José Alexandre Barroso, following a meeting in Luanda with executives from ExxonMobil, Chevron, and Sun Africa during the IV Dialogue between Angola and the United States. Barroso emphasized that while governments set policies and

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Local Economy News Oil

Angola Targets $60 Billion in Oil Investments with 2025 Licensing Round

Angola anticipates more than $60 billion in investments over the next five years, with the upcoming licensing round in 2025 offering companies direct access to new opportunities, reports Energy Capital & Power. The nation aims to increase oil production to two million barrels per day (bpd) in the long term and is inviting exploration and production companies to invest in its available areas. Angola’s offshore assets are particularly appealing due to the success of its

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Local Infrastructure News

Caculo-Cabaça Hydroelectric Development Project Advances to 15% Completion

The director of the Caculo-Cabaça Hydroelectric Development project, Augusto Chico, reported that construction has reached 15% completion in São Pedro da Quilemba, municipality of Cambambe, Cuanza-Norte province. This update was shared during a visit by Angola’s Minister of Energy and Water, João Baptista Borges, and Namibia’s Minister of Mines and Energy, Tomas Alweendo, as part of a bilateral cooperation agreement. Augusto Chico highlighted that the project is currently in an accelerated phase aiming for electricity

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