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

Dangote Refinery to Pursue Dual Listing on London and Lagos Stock Exchanges

Nigeria’s Dangote refinery is gearing up for a dual listing on both the London and Lagos stock exchanges, as revealed by Devakumar Edwin, an executive at Dangote Refinery, during a recent announcement. Aliko Dangote had previously expressed the intention to publicly list Dangote Petroleum Refinery on the Nigerian Exchange Limited, as mentioned in an interview with the Financial Times last year. However, Edwin highlighted that solely listing on the Nigerian Stock Exchange wouldn’t suffice due

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International News Oil Petroleum

Uganda National Oil Company Secures Fuel Supply Agreements with Major Oil Marketers

Uganda National Oil Company (UNOC) has finalized agreements with major oil marketers in response to potential threats to its fuel supply monopoly. The Sales and Purchase Agreements (SPAs) were signed on Tuesday, outlining the roles and responsibilities of each party within the supply chain. A report by The East African revealed that UNOC has secured long-term contracts with over 80 oil marketers in Uganda, establishing ties with the market’s largest fuel dealers. This move follows

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Diamonds International Mining

Top 10 diamond producing countries in Africa

It is no secret that Africa is rich in valuable minerals crucial for economic development, ranging from extensive oil reserves to lush agricultural lands. The continent possesses about 30% of the world’s total mineral reserves, including gold, copper, platinum, cobalt, uranium, lithium, and more, all of which play pivotal roles in diverse industries, from electronics and infrastructure to energy production. What is fascinating is that these mineral riches are not concentrated in one specific region

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International Gas News

Kogas Reaffirms Investment in Mozambique’s Rovuma Basin Gas Project

Yeon-Hye Choi, Chairperson of the Board of Directors of the Korean oil company Kogas, has expressed a strong commitment to continue investing in the billion-dollar natural gas production project in Area 4 of the Rovuma Basin, off the northern coast of Mozambique’s Cabo Delgado province. This commitment was reaffirmed during a meeting in Seoul with Mozambican President Filipe Nyusi. During the meeting, they discussed enhancing security measures against Islamist terrorist activities in some districts of

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Renewable Energy International

Germany and EU Pledge €68 Million for Mozambique’s Renewable Energy Projects

German cooperation and the European Union, through the KFW program, have pledged to disburse €68 million (about $74 million) to Mozambique to promote electrification projects in off-grid areas using renewable energy. The announcement was made by German Ambassador Ronald Münch during the reveal of upcoming renewable energy auctions for private operators. Münch stated, “German cooperation and the European Union are providing a grant of €68 million for the implementation of renewable energy programs. This initiative

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International Gas News Oil

Mozambique Opens Public Consultation on Galp Energia’s Sale of Rovuma Basin Stake to ADNOC

Mozambique’s Competition Regulatory Authority (ARC) has initiated a public consultation regarding Portugal’s Galp Energia’s planned sale of its stake in the Rovuma Basin natural gas consortium to the Abu Dhabi National Oil Company (ADNOC) group, based in the United Arab Emirates. In a notice published on Monday, the ARC announced that it received a “notification of a concentration of companies” on May 27, effective from May 30. This notification pertains to a deal valued at

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International

FPSO Vessel Arrives at Final Destination for GTA Phase 1 LNG Project Offshore Mauritania and Senegal

The FPSO vessel, crucial to the Greater Tortue Ahmeyim (GTA) Phase 1 LNG development, has reached its final offshore destination on the maritime border between Mauritania and Senegal. Currently being moored 40 km offshore at a water depth of 120 m, the FPSO will be operated by BP on behalf of the project’s partners: BP, Kosmos Energy, PETROSEN, and SMH. The project will extract gas from reservoirs located approximately 120 km offshore using a subsea

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International Exploration News Oil

Shell Egypt Secures New Agreements for Deepwater Exploration in the Herodotus Basin

Shell Egypt has signed two new agreements with Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, for investments in the deepwater sector of the Herodotus Basin off the western Mediterranean coast. Shell acquired 67% of the 6,800 square kilometer North Marina and North Cleopatra concessions through its subsidiary BG Delta Limited, which will manage the operations. The remaining stakes were awarded to Chevron, which acquired 27% through its subsidiary Noble Energy Egypt, and

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International News Renewable Energy

CIB Commits $300M to Boost Egypt’s Renewable Energy Initiatives

Hisham Ezz Al-Arab, Chairperson of the Commercial International Bank of Egypt (CIB), announced that the bank has been actively financing various new and renewable energy projects in Egypt. The bank aims to help achieve the target of 30% renewable energy by 2030, focusing on electricity generation from solar and wind sources. Ezz Al-Arab also mentioned that other countries, like Kenya and Tanzania, are incorporating geothermal e nergy into their energy mix. The total financing volume

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International News Oil Petroleum

Dangote Refinery Makes Waves with First European Jet Fuel Shipment

Nigeria’s Dangote refinery has reached a new milestone by exporting its first jet fuel cargo to Europe. This move marks a significant expansion of the refinery’s reach and potential impact on global fuel markets. British multinational BP is currently transporting the initial shipment, consisting of 45,000 metric tons of jet fuel, onboard the Doric Breeze from the Lekki Free Zone in Lagos, Nigeria. This shipment follows BP’s successful bid for a portion of a 120,000

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