Angolan Mining Oil & Gas - Page 8 of 312 - Top Angolan News for Oil, Gas and Mining Industries

Corporate News Oil

Egypt Approves New Oil Exploration Deals with Russia’s Lukoil

12, May, 202512, May, 2025

Egypt’s parliament has approved two new oil exploration and production agreements, paving the way for the Ministry of Petroleum and Mineral Resources to finalize contracts with Russian energy major Lukoil. The first agreement grants exploration and production rights in the South Wadi El-Sahl region of the Eastern Desert to the South Valley Egyptian Petroleum Holding Company and Lukoil Overseas Egypt Ltd. The second agreement authorizes a joint venture between the Egyptian General Petroleum Corporation and

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Corporate News Diamonds International

Debswana Confirms Orapa No. 2 Plant Undergoing Routine Maintenance, Not Shut Down

12, May, 202512, May, 2025

Debswana Diamond Company has confirmed that the Orapa No. 2 processing plant is currently undergoing its annual scheduled maintenance during the month of May and has not been shut down, contrary to recent media reports. The company clarified that the temporary plant stoppage is part of routine operational procedures aimed at ensuring continued efficiency and reliability. This clarification follows misleading claims suggesting a full halt in operations. Debswana emphasized that the maintenance shutdown is a

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Corporate News Gas International Oil

Woodside Approves $17.5 Billion LNG Project in Louisiana Amid U.S. Energy Push

12, May, 202512, May, 2025

Woodside Energy has approved a $17.5 billion investment to construct a new liquefied natural gas (LNG) plant in Louisiana, marking the first major U.S. LNG project to reach final investment decision (FID) since President Donald Trump returned to office and declared an energy emergency aimed at expanding American energy exports. The announcement positions the U.S. to further solidify its status as the world’s largest LNG exporter. The Louisiana facility will feature three liquefaction trains with

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Corporate News Diamonds International

Lucara Diamond Faces Financial Strain Amid Falling Prices and Delayed Project

12, May, 202512, May, 2025

Lucara Diamond is under increasing financial pressure as it seeks additional funding to maintain liquidity and complete the delayed underground expansion of its Karowe mine in Botswana — the company’s sole producing asset. In its first-quarter 2025 results, CEO William Lamb confirmed that Lucara had received approval from lenders to draw $28 million from its cost overrun reserve account. The reserve is part of a $61.7 million facility provided by Nemesia, Lucara’s largest shareholder and

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International Gas News Oil

AE Joins $25 Billion Nigeria-Morocco Gas Pipeline Project Amid Rising Global Interest

12, May, 202512, May, 2025

The United Arab Emirates (UAE) has reportedly joined efforts to co-finance the $25 billion Nigeria-Morocco gas pipeline project, following growing interest from the United States and other international stakeholders. Morocco’s Minister of Energy, Leila Benali, recently confirmed the UAE’s involvement, noting that the ambitious transcontinental project has also secured backing from major financial institutions, including the Islamic Development Bank (IDB), the OPEC Fund, and the European Investment Bank (EIB). Morocco continues to position itself as

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Local Energy Partnerships Technology & Innovation

India and Angola Deepen Strategic Ties with Energy, Defence, and Tech Agreements

10, May, 202510, May, 2025

India and Angola have agreed to significantly expand their strategic partnership, signing multiple Memorandums of Understanding (MoUs) covering energy, defence, digital infrastructure, space technology, and more. The agreements coincided with Angolan President João Lourenço’s landmark state visit to India—the first by an Angolan head of state in 38 years. During delegation-level talks, Prime Minister Narendra Modi described the visit as “historic,” noting its importance in deepening not just India-Angola relations, but also broader India-Africa cooperation.

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Local News Renewable Energy

Shoals Technologies and UGT Renewables to Co-Develop 12 GW of Solar Projects in Emerging Markets

10, May, 202510, May, 2025

Clean energy company Shoals Technologies Group has signed a memorandum of understanding (MoU) with renewable energy developer UGT Renewables to jointly develop up to 12 gigawatts (GW) of solar projects across emerging markets. This strategic partnership will expand UGT Renewables’ existing pipeline, which includes two solar parks totaling 600 megawatts (MW) in Angola’s southern provinces. Deployment of these projects is scheduled to begin this year and stems from a collaboration involving Shoals Technologies Group and

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International Energy

Mozambique Signs Energy Agreements with Zambia and Zimbabwe to Boost Regional Integration

10, May, 202510, May, 2025

The Government of Mozambique, through the Ministry of Mineral Resources and Energy, has signed two memoranda of understanding (MoUs) with the Republics of Zambia and Zimbabwe, reinforcing a shared commitment to regional energy integration, industrialization, and sustainable development in Southern Africa. The MoUs were signed during the 11th Mining and Energy Conference (MMEC) in Maputo and align with the goals of the Southern African Development Community (SADC). The agreement with Zambia lays the groundwork for

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Diamonds Corporate News International

Vast Resources Discovers Over 6,000 ct of Previously Unrecorded Gem-Quality Diamonds in Zimbabwe Parcel

9, May, 20259, May, 2025

AIM-listed Vast Resources has announced the discovery of an additional 6,055.35 carats of gem-quality diamonds within a sealed parcel previously held in Zimbabwe, following a recent inspection by the Kimberley Process. The previously unknown diamonds were identified during the formal inspection process. The entire parcel, including the newly discovered stones, is currently in Dubai for final sorting ahead of cleaning and preparation for sale. Last month, the company confirmed the release of the historic parcel,

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Corporate News Diamonds International

De Beers to Shut Down Lightbox Brand, Refocus on Natural Diamonds Amid Market Pressures

9, May, 20259, May, 2025

De Beers has announced plans to shut down its lab-grown diamond jewellery brand, Lightbox, and shift its focus back to natural diamonds as it contends with falling prices, weak demand, and tariff uncertainties. “As part of the closure process, De Beers is in discussions with potential buyers regarding the sale of certain assets, including inventory,” the company stated on Thursday. De Beers first launched Lightbox in September 2018, marking a significant shift from its long-standing

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