Angola Launches Port Terminal Tenders to Boost Maritime Trade and Connectivity
Angola Accelerates Gas-to-Power Initiatives to Strengthen Energy Security and Domestic Capacity
Angola’s Oil Prices Hold Steady Amid Global Market Fluctuations and Economic Concerns
U.S. Reaffirms Commitment to Lobito Corridor Investments
Angola Prepares for the 2025 U.S.-Africa Summit
MetalsGrove Expands into Ivory Coast with Acquisition of Gold Permits
ONGC Videsh Commits ₹1,500 Crore to Revive Mozambique LNG Project
Cassava Technologies and Microsoft Launch Renewable Energy Training in South Africa
Botswana Seeks Relief as Power Crisis Deepens
Cobre Launches Deep Drilling at Kitlanya West in Botswana
Angola Launches Port Terminal Tenders to Boost Maritime Trade and Connectivity
Angola Accelerates Gas-to-Power Initiatives to Strengthen Energy Security and Domestic Capacity
Angola’s Oil Prices Hold Steady Amid Global Market Fluctuations and Economic Concerns
U.S. Reaffirms Commitment to Lobito Corridor Investments
Angola Prepares for the 2025 U.S.-Africa Summit
MetalsGrove Expands into Ivory Coast with Acquisition of Gold Permits
ONGC Videsh Commits ₹1,500 Crore to Revive Mozambique LNG Project
Cassava Technologies and Microsoft Launch Renewable Energy Training in South Africa
Botswana Seeks Relief as Power Crisis Deepens
Cobre Launches Deep Drilling at Kitlanya West in Botswana
We often hear about Africa’s oil giants, but less is said about the countries with smaller reserves. On a continent as diverse as Africa, with its 54 countries, not every country is blessed with abundant oil wealth. We often hear about Africa’s oil giants, but less is said about the countries with smaller reserves. On a continent as diverse as Africa, with its 54 countries, not every country is blessed with abundant oil wealth. In
B2Gold, a Canada-based precious metals miner, has revised its 2024 production guidance downwards due to lower-than-expected output from its Fekola mine in Mali. The company now forecasts total production between 800,000 and 870,000 ounces for the year, including 20,000 ounces from the recently sold Calibre Mining. This is a reduction from the previous range of 860,000 to 940,000 ounces, which had included 40,000 to 50,000 ounces from Calibre before its sale in June. The drop
The Coral Sul floating platform, located off the coast of northern Mozambique’s Cabo Delgado province, has exported 4.48 million tonnes of Liquefied Natural Gas (LNG) between November 2022 and June 2024, through 63 shipments. Mozambican President Filipe Nyusi announced these figures during his annual state of the nation address to the Mozambican parliament, the Assembly of the Republic (AR), on Wednesday. Nyusi highlighted this achievement as the fulfillment of a long-held national aspiration and a
London-listed Petra Diamonds has postponed its August/September tender to align with actions by major producers aimed at restricting supply in response to weaker market demand. The rough diamond parcels from Petra’s South African operations, initially slated for sale in the first tender of the 2025 financial year, will now be included in the second tender, scheduled to close in mid-October. This decision does not affect the tender schedule for diamonds from Petra’s Williamson mine in
Ivory Coast’s Council of Ministers has approved production-sharing agreements with Eni for four oil blocks. Under the deal, a minimum of $80 million will be invested in blocks CI-504, CI-526, CI-706, and CI-708 over an initial three-year exploration period, the council said in a statement. The world’s top cocoa-producing nation is hoping to become a major regional oil and gas producer and energy hub and expects oil output to more than triple by 2027, boosted
The African Development Bank Group (AfDB) has granted Nigeria $500 million to overhaul its electricity infrastructure and boost access to cleaner energy. In a statement released by the bank on Thursday, the African lender said the loan will finance the first phase of the Economic Governance and Energy Transition Support Program (EGET-SP). The statement read: “The Board of Directors of the African Development Bank Group has approved a loan of $500 million to the Federal
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has launched a new crude oil grade, the Utapate blend, into the global market. Sourced from Oil Mining Lease (OML) 13, which is fully operated by NNPC Ltd.’s upstream subsidiary NEPL, the Utapate crude oil blend began operations in July 2024, with its first shipment destined for Spain. Located offshore Akwa Ibom State, Nigeria, the Utapate blend currently produces 28,000 barrels per day (bpd), with the potential
The efficient operation of the Lobito Corridor is poised to significantly boost Angola’s economy by accelerating the export of ornamental rocks from the southern region to global markets, according to economist and researcher Agostinho Mateus from the Technical and Economic Research Center of the Lusíada University of Angola (CINVESTEC). Mateus emphasized the Lobito Corridor as a “strategic infrastructure” crucial for Angola’s economic development. He highlighted its role in facilitating international trade, driving regional economic growth,
Angola’s fuel sales volume in the second quarter reached 1.22 million metric tons, marking a 3% increase compared to the previous quarter, according to the Petroleum Derivatives Regulatory Institute (IRDP). The report, released yesterday, highlights that state-owned Sonangol continues to dominate the market with a 62.3% share, followed by Puma Energy (21.9%). The remaining 15.8% is divided among Sonangalp (7.2%), Total Energies Marketing Angola (6.6%), and Etu Energias (1.7%). The data shows a significant 38%
Diamond sales in Angola have recently dropped to less than 55% of the expected average price, according to Laureano Paulo, the Executive Administrator for Mining Operations at the National Diamond Company of Angola (ENDIAMA). Speaking at a semi-annual review workshop in Dundo, Lunda-Norte province, Paulo highlighted the challenges facing the diamond sub-sector, noting that current market conditions are far from satisfactory. “Sales today are falling between 30% and 55% below the planned price. For example,
