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…
International News Renewable Energy

Neosun Energy to Build 998 kWp Solar Plant for Dayizenza Mall in South Africa

Neosun Energy has secured a contract to design and build a 998 kWp grid-tied solar photovoltaic (PV) plant for Dayizenza Mall in Nelspruit, South Africa, furthering its commitment to sustainability and reducing carbon emissions. “The solar power plant is expected to achieve monthly electricity savings of over 50-60% throughout its operational life, delivering both environmental and financial benefits. With a lifespan of more than 40 years, the project highlights Dayizenza Mall’s dedication to minimizing its

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Local News Oil

TotalEnergies Awards Shearwater an OBN Survey Project in Angola’s Block 32

TotalEnergies SE has awarded Shearwater Geoservices Holding AS a contract to conduct an ocean bottom node (OBN) survey in Angola’s Block 32. The project will focus on the Louro and Mostarda fields, where Shearwater previously carried out a 4D streamer survey for TotalEnergies. The deepwater OBN survey will be executed using the SW Tasman, a seismic node-laying vessel equipped with dual remotely operated vehicles (ROVs). The SW Tasman, converted in 2023 for specialized node-laying tasks,

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International News Oil

Nigeria Opens 220 Acreages for Oil Exploration as Investment Opportunities Rise

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the availability of 220 acreages for exploration and investment in Nigeria’s oil and gas sector. In this context, “acreages” refers to specific tracts of land offered for exploration, drilling, or production activities. These areas can be leased or sold to companies interested in extracting natural resources. The Nigerian government also reiterated that 31 oil blocks are currently open for investment, encouraging both domestic and international investors

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International Corporate News Mergers & Acquisitions Oil Petroleum

Petrobras Acquires 10% Stake in South Africa’s Deepwater Oil Block from TotalEnergies

Petrobras has received board approval to acquire a 10% stake in South Africa’s Deep Western Orange Basin (DWOB) block from TotalEnergies. The DWOB block is located in deep waters of the Orange Basin, an area where significant oil discoveries have recently been made by TotalEnergies, Shell, and Galp. Following the acquisition, Petrobras will hold a 10% stake in the DWOB block, joining a consortium led by TotalEnergies (40% and operator), along with QatarEnergy (30%) and

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Oil Economy International News

Nigeria’s Naira-for-Crude Initiative Begins to Boost Economic Stability

Nigeria’s newly launched naira-for-crude initiative is now in effect, allowing crude oil to be sold to the Dangote refinery and other refineries in naira. In return, the Dangote refinery will supply petrol (PMS) and diesel of equivalent value to the domestic market, also priced in naira. The Minister of Finance, Wale Edun, confirmed the policy’s launch in a statement on Saturday, October 5, 2024. He highlighted that this initiative marks a significant step toward stabilizing

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International News Oil Petroleum

Dangote Refinery to Transform Africa’s Oil Market with Major Shift in Nigerian Crude

The Dangote oil refinery is preparing to process around 400,000 barrels of Nigerian crude per day in the coming months, significantly altering Africa’s oil import and export dynamics. According to a cargo allocation list seen by Bloomberg, the refinery, with a capacity of 650,000 barrels per day (bpd), will receive approximately 24 million barrels of Nigerian oil in October and November. This marks a shift towards increased reliance on local crude supplies. Business Insider Africa

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Oil International News

Libya Restores Oil Output Amid Political Reconciliation

Libya’s oil production has surged back above 1 million barrels per day (bpd) for the first time in two months, following the resolution of a political standoff, according to Bloomberg. The country’s eastern government had previously halted all oil production and exports due to a dispute over the control of the central bank, which oversees billions of dollars in energy revenues. Last Thursday, Libya resumed oil production, reintroducing hundreds of thousands of barrels per day

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Local Expos & Events News Oil Petroleum

Angola’s Oil Sector Remains a Magnet for Global Investment

As one of Africa’s top oil producers, with an output exceeding 1.1 million barrels per day, Angola continues to solidify its position as a prime investment destination. The country attracts major global players like TotalEnergies, ExxonMobil, Chevron, and Azule Energy, driving new exploration ventures. At the Angola Oil & Gas 2024 conference, Angola’s Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, shared insights during a fireside chat, sponsored by Angola Environmental Servicos. Minister Azevedo

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Local Expos & Events News Oil

ExxonMobil Invests Over $100 Million in Angola’s Social Projects

Over the past 30 years, American multinational ExxonMobil has invested more than $100 million in social projects across Angola, according to Katrina Fisher, the company’s Country Manager for Angola. In an exclusive interview with Energy Capital & Power during the fifth edition of the Angola Oil & Gas Conference, Fisher highlighted that these investments have primarily supported healthcare initiatives and STEM (Science, Technology, Engineering, and Mathematics) education. “Just this past year, we launched two major

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News Renewable Energy

Renewable Energy Jobs Surge to 16.2 Million in 2023, Led by China

In 2023, global employment in the renewable energy sector reached 16.2 million jobs, up from 13.7 million in 2022. This data comes from the report “Renewable Energy and Jobs: Annual Review 2024,” co-published on October 1, 2024, by the International Renewable Energy Agency (IRENA) and the International Labor Organization (ILO). The report notes that 2023 marked the strongest annual increase in job creation within the renewable energy sector. China led the way, accounting for 7.4

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