Vital Industry News
Cuanza-Norte Sees 167% Surge in Refined Oil Sales in Q1 2025 Angola Invites Foreign Investment in Onshore Oil Exploration ADES Holding Secures $34 Million Offshore Drilling Contract in Cameroon Angola to Invest $60 Billion in Oil Sector to Sustain Production and Drive Energy Transition Angola Launches Landmark 25MW Solar Energy Project in Cazombo Nigeria’s First Privately Managed Onshore Crude Export Terminal Begins Operations SBM Offshore to Exit Equatorial Guinea with Sale of FPSO Aseng Stake ReconAfrica Targets Kavango Basin Expansion with New Drilling and C$10 Million Fundraising Effort Zimbabwe Confirms First Commercial Gas Discovery Oando Commits $550 Million to NNPC’s Project Gazelle as Part of Landmark Expansion
Cuanza-Norte Sees 167% Surge in Refined Oil Sales in Q1 2025 Angola Invites Foreign Investment in Onshore Oil Exploration ADES Holding Secures $34 Million Offshore Drilling Contract in Cameroon Angola to Invest $60 Billion in Oil Sector to Sustain Production and Drive Energy Transition Angola Launches Landmark 25MW Solar Energy Project in Cazombo Nigeria’s First Privately Managed Onshore Crude Export Terminal Begins Operations SBM Offshore to Exit Equatorial Guinea with Sale of FPSO Aseng Stake ReconAfrica Targets Kavango Basin Expansion with New Drilling and C$10 Million Fundraising Effort Zimbabwe Confirms First Commercial Gas Discovery Oando Commits $550 Million to NNPC’s Project Gazelle as Part of Landmark Expansion
Local News Oil

Cuanza-Norte Sees 167% Surge in Refined Oil Sales in Q1 2025

Local News Oil

Angola Invites Foreign Investment in Onshore Oil Exploration

Local News Oil

ADES Holding Secures $34 Million Offshore Drilling Contract in Cameroon

More Angolan Mining News

Local News Oil

Cuanza-Norte Sees 167% Surge in Refined Oil Sales in Q1 2025

The volume of refined petroleum products traded in the province of Cuanza-Norte during the first…
Local News Oil

Angola Invites Foreign Investment in Onshore Oil Exploration

Luanda, Angola – The Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, called on…
Local News Oil

ADES Holding Secures $34 Million Offshore Drilling Contract in Cameroon

Saudi-based drilling and production services company ADES Holding has secured a $34 million offshore drilling…
Local News Oil

Angola to Invest $60 Billion in Oil Sector to Sustain Production and Drive Energy Transition

The Angolan government plans to invest over $60 billion in the oil sector over the…
Local News Renewable Energy

Angola Launches Landmark 25MW Solar Energy Project in Cazombo

A groundbreaking solar energy project with a production capacity of 25 megawatts is set to…
International News Oil

Nigeria’s First Privately Managed Onshore Crude Export Terminal Begins Operations

Green Energy International Limited (GEIL) has marked a historic milestone in Nigeria’s petroleum sector with…
Local Mining Projects News

Pensana Secures $3.4 Million U.S. Grant to Boost Longonjo and Coola Projects in Angola

Pensana Plc (PRE.LSE) has announced the successful acquisition of $3.4 million in Technical Assistance grant funding from the U.S. International Development Finance Corporation (DFC), America’s development finance institution. The grant, part of the U.S. BUILD Act, will support feasibility studies aimed at expanding the capacity of the Longonjo mine and advancing the Coola project in Angola. The funds are designated for key projects, which, upon successful completion of feasibility studies, could receive additional loan funding

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Oil Gas News

ANPG to Offer 30 Oil and Gas Business Opportunities in 2025

The National Oil, Gas, and Biofuels Agency (ANPG) will present 30 business opportunities next year through the bidding of blocks in the Lower Kwanza and Benguela basins, as well as the permanent offer regime. Speaking at the launch gala of The Energy Year magazine’s 2024 edition in Luanda, ANPG Executive Director Alcides Andrade urged investors to explore these opportunities available in 2025. Andrade, quoted in an ANPG statement, announced that nine blocks will be available

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Local Gas News

SonaGas Warns of Fire Hazards Near Soyo Gas Plant Amid Rising Forest Fires

SonaGas, a subsidiary of Angola’s national oil company Sonangol, has expressed concerns over the increasing fire risks posed by hunters and farmers near its gas reception and production facility in Soyo, Zaire province. These fires, primarily set for land clearing and hunting, threaten the safety of the Angola LNG plant and the turbines at the Soyo combined cycle power plant. Jacelino Pinto, the unit’s supervisor, warned that fires around the plant perimeter often send sparks

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International Diamonds News

Gem Diamonds Unveils 212.91-Carat Diamond at Letšeng Mine

Gem Diamonds has uncovered a remarkable 212.91-carat rough diamond at its Letšeng mine in Lesotho, marking the 13th stone over 100 carats discovered by the company this year. The high-quality, type II diamond was found on September 19, just two weeks after the recovery of a 126.21-carat rough, making it the fifth large diamond retrieved in a little over a month. Earlier in September, the company also discovered a 122.20-carat stone, following a 129.71-carat rough

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International News Oil

Aliko Dangote Advocates for End to Fuel Subsidies Amid Currency Crisis

Africa’s richest man, Aliko Dangote, has emphasized that now is the opportune moment for Nigeria to eliminate its fuel subsidy, especially as his refinery’s gasoline production is set to alleviate pressure on the nation’s struggling currency. In an interview with Bloomberg Television in New York on Monday, Dangote stated, “Subsidy is a very sensitive issue. Once you are subsidizing something, people will inflate the price, and the government will end up paying more than it

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Gas International News

MIREMPET to Hold Public Consultation on Angola’s Natural Gas Master Plan

The Ministry of Mineral Resources, Petroleum, and Gas (MIREMPET) will host a Public Consultation on October 21st in Luanda to gather input on the Natural Gas Master Plan (PDG). This plan is a strategic framework designed to develop a comprehensive value chain in Angola’s natural gas sector, aiming to maximize socioeconomic benefits while minimizing environmental impacts. The development of the PDG is a key priority of the National Development Plan (PDN) 2023-2027. According to an

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International

World Bank and AfDB Launch $30 Billion Mission to Electrify 300 Million Africans by 2030

The World Bank and African Development Bank (AfDB) have begun implementing an ambitious plan to provide electricity to 300 million Africans by 2030, starting with an initial pledge of $30 billion and assessing potential beneficiaries. The program, known as Mission 300, aims to raise over $90 billion in total to expand energy access across the continent. Prominent climate organizations, including the Rockefeller Foundation, Global Alliance for People and Planet (GEAPP), and Sustainable Energy For All,

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Gas International News

Nigeria and Libya in Talks Over New Regional Gas Pipeline

The Nigerian government has initiated discussions with Libya regarding a potential gas pipeline linking the two nations. Nigeria’s Minister of Petroleum (Gas), Ekperikpe Ekpo, announced this during a meeting with Libya’s Minister of Oil, Dr. Khalifa AbduAlsadik, at the Gastech Exhibition and Conference 2024 in Houston, USA. Ekpo stated that the proposed gas pipeline would start in Nigeria and extend to Libya, aiming to enhance energy cooperation between the two countries. He shared the update

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International Gas News

Egypt Aims to Restore Gas Production by Summer 2025 Amid Debt Resolution Efforts

On Thursday, September 19, 2024, Egyptian Prime Minister Mostafa Madbouly announced plans to restore natural gas production by next summer as the government works to resolve its outstanding debts to production companies. At a news conference, Madbouly explained that declining production was linked to arrears but did not specify the amount owed or the timeline for repayment. In March, sources told Reuters that the government had earmarked up to $1.5 billion to settle debts with

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International Gas News

Nigeria Launches $550 Million Ubeta Upstream Gas Project to Boost Energy Security

The $550 million Ubeta Upstream Gas Project, a joint venture between NNPC Ltd. and TotalEnergies, has officially commenced, marking a significant milestone in Nigeria’s energy sector. Announced by the Presidency, the project aims to enhance Nigeria’s gas production and strengthen energy security, targeting an output of 350 million standard cubic feet of gas per day when fully operational. Olu Verheijen, Special Adviser to the President on Energy, shared this update during the inaugural US-Nigeria Strategic

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