Vital Industry News
Angola’s Oil Production Expected to Stagnate Amid Global Challenges Angola’s Gas Master Plan Proposal Reviewed by Council of Ministers Shell Approves Final Investment Decision for Nigeria’s Bonga North Deepwater Project Angola’s Oil Production Falls Short of OPEC Targets Amid Structural Challenges Power Outage Leaves 11 Provinces Without Electricity in Angola Alrosa Deputy CEO Vladimir Marchenko Steps Down for New Industry Role Alrosa Forecasts Diamond Market Stabilization Amid Falling Inventories Tunisia Advances Renewable Energy with 500 MW Photovoltaic Projects BP and Kosmos Energy Launch Gas Production from Greater Tortue Ahmeyim Project Galp and Partners Make Significant Discoveries at Mopane-2A Well in PEL83
Local Economy Oil

Angola’s Oil Production Expected to Stagnate Amid Global Challenges

Gas Local News

Angola’s Gas Master Plan Proposal Reviewed by Council of Ministers

Corporate News International News Oil

Shell Approves Final Investment Decision for Nigeria’s Bonga North Deepwater Project

More Angolan Mining News

Local Economy Oil

Angola’s Oil Production Expected to Stagnate Amid Global Challenges

Angola’s oil production is projected to remain steady at 1.173 million barrels per day in…
Gas Local News

Angola’s Gas Master Plan Proposal Reviewed by Council of Ministers

The Draft Gas Master Plan (PDG) was reviewed last Friday during a Council of Ministers…
Corporate News International News Oil

Shell Approves Final Investment Decision for Nigeria’s Bonga North Deepwater Project

Shell, through its Nigerian subsidiary, has finalized its decision to invest in the Bonga North…
Local News Oil

Angola’s Oil Production Falls Short of OPEC Targets Amid Structural Challenges

Angola’s oil production is set to remain below the targets previously set by the Organization…
Local Energy News

Power Outage Leaves 11 Provinces Without Electricity in Angola

A widespread power outage has left 11 provinces in Angola without electricity following an interruption…
Corporate News Diamonds International

Alrosa Deputy CEO Vladimir Marchenko Steps Down for New Industry Role

Alrosa’s deputy CEO, Vladimir Marchenko, is stepping down from his role to pursue a new…
Corporate News Renewable Energy

Sturdee Energy and Frans Indongo Group to Build 20 MW Solar Projects in Namibia

Sturdee Energy and the Frans Indongo Group have partnered to develop two solar power projects in Namibia, located in Mariental and Kokerboom, each with a 10 MW capacity, for a combined total of 20 MW. The initiative is backed by a USD 27.98 million investment, with RMB Namibia serving as the lead financial arranger. These projects aim to harness the region’s abundant solar potential using Tier 1 solar equipment and long-term power purchase agreements (PPAs)

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Corporate News Oil

Dangote Refinery Exports PMS to Cameroon, Advancing Regional Energy Integration

The Dangote Refinery, Africa’s largest oil refinery, in partnership with Neptune Oil, has successfully exported Premium Motor Spirit (PMS) to Cameroon for the first time. This achievement marks a significant milestone in advancing regional energy integration and strengthening economic ties between Nigeria and Cameroon. This historic collaboration highlights the shared commitment of both companies to addressing the region’s growing energy demands. Speaking on the development, Alhaji Aliko Dangote, President and CEO of the Dangote Group,

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Oil Corporate News Exploration International

Sonatrach to Resume Oil Exploration in Libya’s Ghadames Basin After Decade-Long Pause

Algeria’s state-owned oil company, Sonatrach, is set to restart exploration activities in Libya’s Ghadames Basin, specifically on plots 95 and 96, after a hiatus of nearly ten years. The decision follows a recent technical meeting between Sonatrach and Libya’s National Oil Corporation (NOC), during which seismic survey data was reviewed and the resource potential of the region reevaluated. As part of the renewed efforts, operations will soon resume on the A1-96/2 exploratory well, which has

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International Oil

Seplat Energy Rejuvenates Nigeria’s Oil Industry with Major ExxonMobil Asset Acquisition

Seplat Energy Plc has taken a bold step to reinvigorate Nigeria’s oil industry by reactivating hundreds of dormant oil wells, following its acquisition of ExxonMobil’s onshore oil and gas assets in the country. This acquisition marks a pivotal moment, leveraging the exit of international oil companies from Africa’s largest oil producer to bolster local operations. In October, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) approved the $1.19 billion deal, over two years after it was

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Corporate News Diamonds International

Lucara Diamond Corp Projects Robust 2025 Revenue and Operational Milestones

Lucara Diamond Corp forecasts diamond sales of 400,000 to 420,000 carats in 2025, generating revenues between $195 million and $225 million. This outlook reflects steady progress at the company’s Karowe mine in Botswana, a world-class operation achieving significant milestones in 2023. CEO William Lamb highlighted these achievements in a December 4 operational guidance update, noting that production targets were surpassed. “Our strategic focus on the underground mining project has shown remarkable progress, with shaft depths

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Local News Renewable Energy

Angola’s Energy Sector Set for Major Milestones in 2025

Angola is gearing up for a transformative year in 2025, marked by key developments in oil, natural gas, and renewable energy. With a strong focus on maintaining crude production above one million barrels per day (bpd) and diversifying its energy mix, the country is advancing projects in green hydrogen, solar energy, and natural gas. Angola’s next international oil and gas tender is slated for the first quarter of 2025. As part of the six-year licensing

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Local Economy News Oil

Angola to Focus on Stabilizing Oil Production Amid Challenges

Angola is intensifying efforts to address imbalances in oil production, a challenge the country is progressively overcoming, according to Diamantino Azevedo, Minister of Mineral Resources, Oil, and Gas. Speaking at the 10th Advisory Council Meeting of the Ministry, held under the theme “Mineral Resources, Oil and Gas: Challenges and Solutions,” the minister emphasized ongoing strategies to stabilize oil production above one million barrels per day. Minister Azevedo underscored the ministry’s focus on increasing the replacement

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Corporate News Diamonds Economy Local

Endiama Targets Increased Diamond Production Despite Challenges

Endiama, Angola’s state-owned diamond company, has projected a production target of 15.1 million carats of diamonds for 2025, surpassing the 14.6 million carats forecasted for 2024. These projections were announced during the 10th Advisory Council meeting of the Ministry of Mineral Resources, Oil, and Gas, held under the theme: “Mineral Resources, Oil and Gas: Challenges and Solutions.” In the past year, Endiama focused on optimizing production processes and enhancing geological and mining research, especially in

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Corporate News Diamonds Local

Maaden to Take Over Alrosa’s Stake in Angola’s Catoca and Luaxe Mines

Maaden, the Omani company set to replace Russian diamond giant Alrosa in the Catoca and Luaxe mines in Angola, has initiated discussions with its new partner, the state-owned Endiama. The Ministry of Mineral Resources, Oil, and Gas announced that the first meeting between Ganga Junior, President of Endiama, and Abdul Aziz Al Maqbali, President of Maaden, took place in Luanda earlier this week. The replacement of Alrosa, a Russian company affected by international sanctions, by

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Transport and Logistics Economy Local News

The Strategic Role of the Lobito Corridor in Angola’s Economic Growth

The revitalization of the Lobito Corridor, spearheaded by the Angolan government, represents a crucial step in reducing raw material costs and bolstering the industrial sector. This was emphasized on Monday in Benguela by Carlos Leiria, President of the Industrial Association of Angola (AIA) in the region. Leiria highlighted the economic advantages of utilizing this logistical hub, which includes the Lobito Port, the Benguela Railway (CFB), and road connections. He noted that optimizing the Corridor could

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