Angolan Mining Oil & Gas - Page 94 of 389 - Top Angolan News for Oil, Gas and Mining Industries

International Gas Oil

Namibia’s Offshore Oil Discoveries Face Challenges Due to High Gas Content

7, April, 20257, April, 2025

Namibia’s promising offshore oil discoveries are facing a significant obstacle to full-scale development due to high levels of associated gas, according to global consultancy Wood Mackenzie. Ian Thom, Research Director for Sub-Saharan Africa Upstream at Wood Mackenzie, discussed the challenges of developing Namibia’s offshore resources at a recent industry event. While Namibia has gained significant attention as a key oil frontier in Africa, Thom cautioned that the complexity of developing these offshore fields could be

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International News Renewable Energy

Scatec Signs 25-Year PPA for 120MW Sidi Bouzid II Solar Plant in Tunisia

7, April, 20257, April, 2025

Scatec has signed a 25-year power purchase agreement (PPA) with Tunisia’s state utility, Société Tunisienne de l’Électricité et du Gaz (STEG), to develop the 120MW Sidi Bouzid II solar plant. This agreement, awarded through a government tender in December 2024, supports Tunisia’s renewable energy ambitions and bolsters the country’s energy security. Tunisia aims to generate 30% of its electricity from renewable sources by 2030 as part of its strategy to lower emissions and reduce energy

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Local Gas News Oil

Africa Energy Bank Gains Momentum with Key Contributions from Nigeria, Angola, and Ghana

7, April, 20257, April, 2025

Nigeria, Angola, and Ghana have successfully fulfilled their capital commitments to establish the Africa Energy Bank (AEB), a financial institution aimed at bridging the funding gap in Africa’s oil and gas sector. This achievement represents 44% of the total funding required from the African Petroleum Producers Organisation (APPO) members to initiate the bank’s operations. Dr. Omar Farouk Ibrahim, Secretary General of APPO, made the announcement at the recent Congo Energy & Investment Forum. With an

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Corporate News International Oil

Aradel Holdings Expands Upstream Portfolio with $19.5 Million Acquisition of Olo Fields

7, April, 20257, April, 2025

Aradel Holdings Plc, a prominent Nigerian energy company, has successfully completed its acquisition of the Olo and Olo West Marginal Fields for $19.5 million from the TotalEnergies/NNPC Joint Venture. This acquisition marks a significant milestone in the company’s expansion strategy and was disclosed alongside Aradel’s 2024 audited financial results, further emphasizing its commitment to a multi-field cluster development strategy within the Niger Delta region. By securing the Olo and Olo West fields, Aradel is enhancing

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Corporate News International Oil

Galp Sells Mozambique LNG Assets to ADNOC Unit in $881 Million Deal

7, April, 20257, April, 2025

Portuguese energy firm Galp has finalized the $881 million sale of its upstream assets in Mozambique’s Area 4 to XRG P.J.S.C., a subsidiary of the Abu Dhabi National Oil Company (ADNOC), marking a significant shift in the country’s LNG sector. The transaction includes Galp’s interest in the Coral South FLNG project — Africa’s first deepwater floating liquefied natural gas facility — which has been operational since 2022. It also covers Galp’s stakes in the planned

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Corporate News Diamonds International

Alrosa Unveils Russia’s Largest Polished Colored Diamond

7, April, 20257, April, 2025

Alrosa has unveiled the largest polished colored diamond in Russia’s history — a fancy vivid yellow gem weighing over 100 carats, named New Sun. The striking honey-golden diamond was cut from a 236-carat rough stone named Dawn, discovered in 2020 at Alrosa’s Ebelyakh deposit in Yakutia. The transformation from rough to polished was a meticulous process undertaken by a team of 15 master cutters at Alrosa’s manufacturing complex. To achieve the final result, the team

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Oil International News

Dangote Refinery Expands Global Reach with Strategic Exports to Asia and Beyond

7, April, 20257, April, 2025

Dangote Refinery has made a significant push to expand its global footprint by increasing exports to Asia, responding to the rising demand for refined petroleum products. As Asia continues to be a key hub for fuel consumption, particularly for shipping and aviation, Dangote’s refined products are now being delivered to critical markets, including Singapore, a major global oil trading center, as well as other Asian nations. In a recent development, Singapore received another batch of

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International News Oil

Nigeria’s Oil Market Struggles Amid Crude Price Drop and Policy Shifts

7, April, 20257, April, 2025

The Nigerian oil market is facing a paradox despite the recent drop in crude prices, driven by Donald Trump’s tariff policies and a sudden increase in crude supply by OPEC+. Last week, global crude prices fell to their lowest levels since 2021, losing $10 a barrel, reaching $65 by Friday. A report from the Major Energies Marketers Association of Nigeria (MEMAN) on Saturday, as covered by the Punch newspaper, highlighted a decline in the landing

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Local Mining Projects News

Angola’s Longonjo Mine Set to Supply 2.5% of Global Rare Earth Demand

7, April, 20257, April, 2025

Production at Angola’s Longonjo mine, slated to begin in 2027, is projected to meet 2.5% of global rare earth demand, according to Alcídio José, Chairman of Ozango Minerais, the company overseeing the project. The mine, located in Longonjo, approximately 70 km from Huambo, is part of a strategic initiative that includes shareholders like the British company Pensana and the Angolan Sovereign Fund. The Longonjo mine will play a crucial role in the energy transition, producing

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International Oil Petroleum

Zambia’s First Diesel Offloading Marks Key Milestone in Energy Reform

7, April, 20257, April, 2025

The offloading of Zambia’s first diesel consignment under the newly introduced Open Access Framework has officially begun at the TAZAMA tanks in Dar es Salaam, marking a significant step in the country’s petroleum sector reform. The inaugural shipment, totaling 95,000 metric tonnes of diesel under Lot 1 for April 2025, is the first to be imported by Oil Marketing Companies (OMCs) using the Open Access model. This new framework allows independent importation of petroleum products

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