Angolan Mining Oil & Gas - Page 82 of 389 - Top Angolan News for Oil, Gas and Mining Industries

Shell Pays Nigeria $5.34 Billion in 2024 as It Prepares Onshore Exit

19, May, 202519, May, 2025

Shell paid $5.34 billion to Nigeria in 2024—the highest amount it paid to any country that year—according to figures released Thursday as part of a UK legal disclosure. The payments, which include taxes and other extractive-related charges, marked an increase from 2023. This surge comes as Shell prepares to exit its onshore oil operations in Nigeria after decades of activity marked by environmental controversies and social unrest. Although the company will maintain its offshore operations,

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International Gold Mining

Namibia Embraces Ghana’s Gold Reserve Strategy to Boost Economic Resilience

19, May, 202519, May, 2025

Namibia has unveiled plans to adopt Ghana’s widely praised Gold Purchase Programme in a strategic bid to strengthen its monetary policy and revive its struggling economy. The initiative seeks to boost the country’s foreign reserves, curb inflation, and reinforce the value of the Namibian dollar by stockpiling gold as a key financial asset. With a robust mining sector and stable political environment, Namibia is one of Africa’s notable gold producers, and the industry remains a

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International News Oil

Ghana Urges Oil Investment Amid Energy Transition and Declining Output

19, May, 202519, May, 2025

Ghana is calling on investors to support its oil sector as the global shift toward decarbonization risks rendering fossil fuel assets obsolete. President John Mahama made the appeal during the Africa CEO Forum held Tuesday in Abidjan, Côte d’Ivoire. “Oil is in transition, so anybody who has any assets should be pumping like there’s no tomorrow,” Mahama said, signalling Ghana’s openness to increased investment. “We’re rolling out the red carpet for anyone ready to drill.”

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International Corporate News Gas Oil

Petrobras Eyes Return to Nigeria with Renewed Focus on Deepwater Exploration

19, May, 202519, May, 2025

Petrobras, Brazil’s state-controlled oil giant, is actively seeking a return to Nigeria’s oil and gas sector, with a renewed focus on frontier deepwater exploration. This marks a strategic shift from its earlier divestment approach and signals Petrobras’ intent to expand its global footprint once again. The development was revealed by Nigeria’s Vice President, Kashim Shettima, in a post on X (formerly Twitter). Shettima attributed Petrobras’ revived interest to the economic reforms being implemented under President

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Corporate News International News Oil

TotalEnergies Eyes New Offshore Drilling in South Africa Amid Regulatory Uncertainty

19, May, 202519, May, 2025

French energy giant TotalEnergies has announced plans to begin offshore drilling in South Africa in 2025, pending regulatory approval. The move represents a potential turning point in South Africa’s efforts to grow its oil and gas exploration sector. Mike Sangster, TotalEnergies’ Senior Vice President for Africa, disclosed the company’s intentions at an industry conference on Tuesday. He confirmed that TotalEnergies currently holds exploration rights over four offshore blocks in South African waters. If the drilling

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International Corporate News Oil

Dangote Refinery Cancels June Maintenance After Early Repairs During Unplanned Shutdown

19, May, 202519, May, 2025

Nigeria’s Dangote Oil Refinery has cancelled a planned maintenance shutdown for June on its 204,000 barrels-per-day gasoline-producing unit, having completed the necessary work during an earlier unplanned outage, according to industry data from IIR (Industrial Info Resources). The maintenance was originally scheduled to last 30 days in June and would have targeted the refinery’s Residue Fluid Catalytic Cracking (RFCC) unit, which is critical for gasoline production. However, the refinery used the unexpected downtime between April

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Corporate News Diamonds International

Koidu Limited Halts Operations and Lays Off Over 1,000 Workers Amid Labour Dispute in Sierra Leone

19, May, 202519, May, 2025

Koidu Limited, Sierra Leone’s largest diamond mining company, has suspended operations and laid off the majority of its local workforce—more than 1,000 employees—due to a protracted dispute over wages and working conditions. The conflict began with a strike in December 2024, which workers temporarily paused in hopes of reaching an agreement through negotiations. However, after talks stalled, employees resumed industrial action in early March, according to Reuters. Charles Kainessie, president of the Koidu Limited Workers’

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Local Mining Projects News

Pensana Secures $25M Boost to Advance Longonjo Rare Earths Project

15, May, 202515, May, 2025

Pensana, a London-listed rare earths developer, has confirmed the terms and timeline for the first $25-million equity tranche from the Angolan Sovereign Wealth Fund. This follows the successful securing of full project financing for the Longonjo rare earths project in Angola. The funds will be used to commence main construction activities on-site. In addition, the Angolan Sovereign Wealth Fund has agreed to convert a previously issued $15-million bridging loan—provided over the past 18 months to

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Oil Local News Petroleum

Angola and DRC Deepen Strategic Ties Through Oil and Infrastructure Cooperation

15, May, 202515, May, 2025

Angola and the Democratic Republic of Congo (DRC) are strengthening their bilateral relationship through joint hydrocarbon exploration, power grid integration, and regional transport development. Key projects such as the co-development of Block 14/23 in the Maritime Zone of Common Interest, electricity interconnection initiatives, and the Lobito Corridor railway are expected to advance cross-border trade and energy security, underscoring the value of regional collaboration. In April, Angola’s government approved a landmark agreement defining revenue sharing and

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Corporate News Diamonds International

De Beers’ Secret Discounts Fuel Discontent Amid Diamond Market Turmoil

14, May, 202514, May, 2025

De Beers has quietly begun selling rough diamonds at steep discounts to a select group of buyers — a rare and contentious move that is stirring tensions within an industry already grappling with sluggish demand and mounting uncertainty. In a departure from its traditional pricing model, the diamond giant has been offering discounts of 10% to 20% through confidential side deals, aimed at offloading growing inventories without making public price cuts. These covert sales, reported

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