Vital Industry News
SACIM Dominates DRC’s Industrial Diamond Output in Q1 2025 with 97% Share Angola Balances Oil Expansion with Clean Energy Goals Strengthens Ties with Portugal and Brazil Debswana Layoffs Spark Outcry as Botswana President Bypasses Union Lucapa Diamond Enters Voluntary Administration Amid Financial Struggles and Sale Plans Uganda Pushes First Oil to 2026 Amid Ongoing Delays and Growing Public Frustration South Africa Launches National Petroleum Company to Revive Energy Sector and Boost Self-Sufficiency AXIAN Energy Breaks Ground on West Africa’s Largest Solar-Storage Project in Senegal Egypt Inaugurates Largest Solar Power Plant to Advance Clean Energy Goals Dangote Refinery to Import Over 5 Million Barrels of U.S. Crude in July Amid Supply Gaps and Rising Investments Egypt Fast-Tracks Gas Output with Early Production from Raven Field Wells
SACIM Dominates DRC’s Industrial Diamond Output in Q1 2025 with 97% Share Angola Balances Oil Expansion with Clean Energy Goals Strengthens Ties with Portugal and Brazil Debswana Layoffs Spark Outcry as Botswana President Bypasses Union Lucapa Diamond Enters Voluntary Administration Amid Financial Struggles and Sale Plans Uganda Pushes First Oil to 2026 Amid Ongoing Delays and Growing Public Frustration South Africa Launches National Petroleum Company to Revive Energy Sector and Boost Self-Sufficiency AXIAN Energy Breaks Ground on West Africa’s Largest Solar-Storage Project in Senegal Egypt Inaugurates Largest Solar Power Plant to Advance Clean Energy Goals Dangote Refinery to Import Over 5 Million Barrels of U.S. Crude in July Amid Supply Gaps and Rising Investments Egypt Fast-Tracks Gas Output with Early Production from Raven Field Wells
Corporate News Diamonds International

SACIM Dominates DRC’s Industrial Diamond Output in Q1 2025 with 97% Share

Local Energy News Oil

Angola Balances Oil Expansion with Clean Energy Goals Strengthens Ties with Portugal and Brazil

Corporate News Diamonds International

Debswana Layoffs Spark Outcry as Botswana President Bypasses Union

More Angolan Mining News

Corporate News Diamonds International

SACIM Dominates DRC’s Industrial Diamond Output in Q1 2025 with 97% Share

Anhui Congo Mining Investment Company (SACIM) has emerged as the dominant producer of industrial diamonds…
Local Energy News Oil

Angola Balances Oil Expansion with Clean Energy Goals Strengthens Ties with Portugal and Brazil

Angola’s Secretary of State for Energy, Arlindo Bota Manuel Carlos, has reaffirmed the country’s commitment…
Corporate News Diamonds International

Debswana Layoffs Spark Outcry as Botswana President Bypasses Union

Botswana President Duma Boko has announced the planned termination of over 1,000 workers at Debswana,…
Corporate News Diamonds Local

Lucapa Diamond Enters Voluntary Administration Amid Financial Struggles and Sale Plans

Lucapa Diamond Company has entered voluntary administration as it seeks to restructure its capital and…
International News Oil

Uganda Pushes First Oil to 2026 Amid Ongoing Delays and Growing Public Frustration

Uganda has once again delayed the start of oil production from the Albertine Graben, now…
International News Oil

South Africa Launches National Petroleum Company to Revive Energy Sector and Boost Self-Sufficiency

South Africa has officially launched the South African National Petroleum Company (SANPC), a new state-owned…
International Exploration Gas

Egypt Opens Bidding for Natural Gas Exploration in 12 Mediterranean and Nile Delta Blocks

The Egyptian Natural Gas Holding Company (EGAS) has announced an international bidding round for natural gas exploration across 12 blocks in the Mediterranean and Nile Delta regions, according to the Ministry of Petroleum and Mineral Resources. The bidding round includes 10 offshore blocks and 2 onshore blocks. Interested parties must submit their bids by February 25th, 2025, as noted by the Egypt Upstream Gateway (EUG). This follows earlier reports that Egypt plans to launch a

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International Oil Petroleum

Nigerian Regulators to Approve Exxon’s $1.3B Asset Sale to Seplat Within Four Months

Nigerian regulators anticipate formal approval of Exxon Mobil Corp.’s $1.3 billion sale of its oil and gas assets to Seplat Energy Plc within the next four months. The transaction, involving Africa’s largest oil exporter, has been pending regulatory approval since 2022. The Upstream Petroleum Regulatory Commission has now indicated that the approval process should be completed within the legally mandated 120-day window, according to Bloomberg. In May, Nigeria’s state oil company reached an agreement that

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International Oil

Brent opens higher and passes 80 dollars

On Monday, Brent crude prices rose by 2.64%, reaching $81.11 per barrel, while West Texas Intermediate (WTI) saw a 2.83% increase, closing at $76.95 per barrel. Globally, oil prices for October delivery surged by around 3% following the suspension of exports by the Libyan government. Although the Benghazi government is not internationally recognized, it controls most of Libya’s oil fields. The National Petroleum Corporation, based in Tripoli and responsible for managing Libya’s oil resources, has

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Oil International News Petroleum

Libya’s Oil Production Halts Amid Eastern Shutdown, UN Warns of Economic Collapse

Libya’s oil production has sharply declined after authorities in the country’s east enforced a shutdown, escalating a crisis that the United Nations warns could lead to economic collapse. Operations at the El-Feel oil field in southwestern Libya have stopped, with local operators signaling plans to gradually halt production nationwide, according to sources cited by Bloomberg. The shutdown, announced by eastern authorities on Monday, is in response to the internationally recognized Western government’s decision to replace

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International Oil Petroleum

Top 10 African countries with the lowest fuel prices in August 2024

A low cost of petrol in Africa provides much-needed relief to economies that may already be facing fiscal difficulties. Fuel costs have a major impact on several aspects of the African economy, hence the necessity of market control. Reduced energy prices benefit both consumers and companies, providing stability and economic empowerment. Expensive transportation costs can exacerbate poverty in many African nations by limiting access to needs such as food, medical care, and education. As a

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International Gold News

Endeavour and Lilium Settle Dispute, Transfer Gold Mines to Burkina Faso

Endeavour Mining Plc and Lilium Mining have resolved their legal dispute concerning the sale of two gold mines in Africa, with both parties agreeing to transfer the assets to the Burkina Faso government. The conflict began after Lilium acquired the Wahgnion and Boungou projects in Burkina Faso in June of the previous year, according to Bloomberg. Endeavour had accused Lilium of failing to meet payment obligations exceeding $100 million. In response, Lilium alleged that Endeavour,

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Local News

Cabinda Faces Severe Butane Gas Shortage

Cooking gas stations in Cabinda have faced a severe shortage for the past two weeks, leading to long queues and significant disruptions. Residents have been seen transporting empty cylinders across town in search of gas. Ester Fernando, 29, from the 1º de Maio neighborhood, has struggled for two weeks to purchase gas from various stations, both locally and in other parts of the provincial capital. She expressed frustration, noting the high cost of alternative cooking

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Local Economy News Oil

Oil Production Surge Boosts Angola’s Economic Growth Forecast to 2.9%

Oxford Economics has revised its growth forecast for Angola’s economy, now projecting a 2.9% expansion this year, driven by an increase in oil production to 1.17 million barrels per day. Analysts from the African department of the British consultancy highlighted that the recovery in oil production is the key factor behind this upward revision, up from the previously anticipated 2.3% growth. In their analysis of Angola’s oil production data, which was shared with clients and

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International Economy News

OPEC+ Faces Strategic Crossroads Amid Tightening Oil Inventories and Economic Uncertainty

As OPEC+ prepares for its next meeting, the group faces a pivotal decision that could influence global oil markets. With autumn approaching, key choices loom regarding whether to proceed with planned production increases or maintain current output levels. This decision is set against a backdrop of uncertain global economic conditions, fluctuating oil demand forecasts, and tightening oil inventories, particularly in the United States. Global Oil Inventories Tighten A critical factor influencing OPEC+’s upcoming decision is

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International Gas News Oil

Namibia Faces Skills Shortage in Oil and Gas Sector, Deloitte Report Reveals

Namibia currently meets only 45% of the skill requirements for its oil and gas industry, according to research conducted by Deloitte and endorsed by the Ministry of Mines and Energy. Deloitte’s country leader, Melanie Harrison, highlighted that out of 218 job types in demand, 143 are present in Namibia. However, there is a significant gap between the qualifications available and the specialized skills needed for the sector’s growth. “We mapped these job types to qualifications

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