Vital Industry News
Gem Diamonds’ Letšeng Mine Delivers 33% Increase in First-Half Sales Value Nigeria Advances Oil and Gas Licensing Round as 143 Companies Compete for 50 Blocks Sintana Energy Confirms Third Light Oil Discovery at Namibia’s Mopane Complex DRC Exploits Only 4.5% of Hydrocarbon Potential Despite Vast Oil and Gas Reserves Afreximbank Backs Algeria’s Hassi Bir Rekaiz Expansion with $200 Million Financing Gulf Pipeline Expansion Creates New Opportunities for Africa’s Energy Export Strategy De Beers Reports Strong Production Growth Despite Challenging Diamond Market Zambia Expands Renewable Energy Capacity with 100MW Chisamba II Solar Plant ENDIAMA Showcases Sustainability and Governance During Kimberley Process Review Visit Ghana’s Jubilee Oil Field Production Rebounds Following New Drilling Success
Corporate News Diamonds International

Gem Diamonds’ Letšeng Mine Delivers 33% Increase in First-Half Sales Value

International News Oil

Nigeria Advances Oil and Gas Licensing Round as 143 Companies Compete for 50 Blocks

Energy Corporate News International Oil

Sintana Energy Confirms Third Light Oil Discovery at Namibia’s Mopane Complex

More Angolan Mining News

Corporate News Diamonds International

Gem Diamonds’ Letšeng Mine Delivers 33% Increase in First-Half Sales Value

Gem Diamonds’ Letšeng Mine Boosts First-Half Sales Value 33% to $59.5 Million Despite Lower Output…
International News Oil

Nigeria Advances Oil and Gas Licensing Round as 143 Companies Compete for 50 Blocks

NUPRC Moves Nigeria Oil Licensing Round to Commercial Stage with 143 Companies Bidding for 50…
Energy Corporate News International Oil

Sintana Energy Confirms Third Light Oil Discovery at Namibia’s Mopane Complex

Sintana Energy’s Mopane-2X Well Strengthens Namibia’s Offshore Oil Potential Sintana Energy has successfully completed drilling…
International Gas Oil

DRC Exploits Only 4.5% of Hydrocarbon Potential Despite Vast Oil and Gas Reserves

DRC’s 22 Billion-Barrel Oil Potential Remains Largely Untapped as Government Pushes Hydrocarbon Development The Democratic…
International Gas Oil

Afreximbank Backs Algeria’s Hassi Bir Rekaiz Expansion with $200 Million Financing

Afreximbank Approves $200 Million to Support Algeria’s Major Hassi Bir Rekaiz Oil and Gas Development…
International Energy Oil

Gulf Pipeline Expansion Creates New Opportunities for Africa’s Energy Export Strategy

Gulf States Advance Seven Pipeline Projects to Bypass Strait of Hormuz, Reshaping Africa’s Energy Trade…
Corporate News Diamonds International

Gem Diamonds’ Letšeng Mine Delivers 33% Increase in First-Half Sales Value

Gem Diamonds’ Letšeng Mine Boosts First-Half Sales Value 33% to $59.5 Million Despite Lower Output London-listed Gem Diamonds recorded a 33% year-on-year increase in diamond sales value to $59.5 million in the first half of the year, despite a decline in recovered carats. The company recovered 41,695 carats during the six months to June 30, representing a 12% decrease compared with the same period last year. Diamond sales volumes also declined by 4% year on

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International News Oil

Nigeria Advances Oil and Gas Licensing Round as 143 Companies Compete for 50 Blocks

NUPRC Moves Nigeria Oil Licensing Round to Commercial Stage with 143 Companies Bidding for 50 Blocks The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has advanced its oil and gas licensing round to the commercial bidding stage, with 143 companies competing for 50 petroleum blocks across Nigeria’s established and frontier hydrocarbon basins. The invitation-only commercial bid conference marks a major milestone in the licensing process, which aims to attract new investment into Nigeria’s upstream sector and

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Energy Corporate News International Oil

Sintana Energy Confirms Third Light Oil Discovery at Namibia’s Mopane Complex

Sintana Energy’s Mopane-2X Well Strengthens Namibia’s Offshore Oil Potential Sintana Energy has successfully completed drilling operations at the Mopane-2X well in Namibia’s PEL 83 offshore block, confirming the presence of high-quality light oil and further strengthening the exploration potential of the Mopane complex. The discovery adds to growing evidence that PEL 83 is emerging as one of Namibia’s most promising hydrocarbon regions, with results expected to support future development opportunities and Sintana Energy’s long-term growth

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International Gas Oil

DRC Exploits Only 4.5% of Hydrocarbon Potential Despite Vast Oil and Gas Reserves

DRC’s 22 Billion-Barrel Oil Potential Remains Largely Untapped as Government Pushes Hydrocarbon Development The Democratic Republic of Congo (DRC) is currently exploiting only a small fraction of its vast hydrocarbon potential, despite estimated reserves of 22 billion barrels of oil and 66 billion cubic metres of gas across its major sedimentary basins. According to Joseph Twite Maloba, President of the Professional Committee of Petroleum Companies of the Federation of Enterprises of Congo (FEC South) and

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International Gas Oil

Afreximbank Backs Algeria’s Hassi Bir Rekaiz Expansion with $200 Million Financing

Afreximbank Approves $200 Million to Support Algeria’s Major Hassi Bir Rekaiz Oil and Gas Development The African Export-Import Bank (Afreximbank) has approved a $200 million financing package to support Shoreline Power Company Limited and Italy’s Arkad SpA in the development of the Hassi Bir Rekaiz (HBR) Phase 2a oil and gas project in Algeria, one of the country’s largest upstream energy developments. The financing will enable Arkad to execute its 44% share of the $980

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International Energy Oil

Gulf Pipeline Expansion Creates New Opportunities for Africa’s Energy Export Strategy

Gulf States Advance Seven Pipeline Projects to Bypass Strait of Hormuz, Reshaping Africa’s Energy Trade Gulf countries are accelerating the development of seven major oil and gas pipeline projects designed to bypass the Strait of Hormuz, a strategic maritime chokepoint through which nearly one-fifth of the world’s oil supply passes. The investments aim to strengthen energy security, reduce export risks and ensure uninterrupted access to international markets. The projects, led by Saudi Arabia, the United

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Diamonds Corporate News International

De Beers Reports Strong Production Growth Despite Challenging Diamond Market

De Beers Rough Diamond Output Rises 88% as Botswana Operations Drive Production Recovery Global diamond producer De Beers has reported a significant increase in rough diamond production, with output rising 88% year-on-year to 7.8 million carats in the second quarter of 2026. The increase lifted the company’s first-half production to 14.91 million carats, representing a 46% rise compared with the same period last year. De Beers attributed the growth mainly to the recovery of production

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International News Renewable Energy

Zambia Expands Renewable Energy Capacity with 100MW Chisamba II Solar Plant

Zambia Doubles Chisamba Solar Capacity to 200MW to Support Mining and Energy Security Zambia has commissioned the 100MW Chisamba II Solar Power Plant, doubling the capacity of the Chisamba Solar Complex to 200MW as the country strengthens its renewable energy capacity and improves electricity security. Developed by power utility ZESCO, the project was financed through a US$71.5 million loan from Stanbic Bank Zambia and supported by a 13-year power purchase agreement with regional energy trader

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Diamonds Corporate News Local

ENDIAMA Showcases Sustainability and Governance During Kimberley Process Review Visit

ENDIAMA Highlights Sustainable Diamond Mining and Transparency During Kimberley Process Assessment in Angola Angola’s state-owned diamond company, ENDIAMA E.P., has reaffirmed its commitment to responsible diamond mining, transparency and sustainable development during a review visit by a delegation from the Kimberley Process Certification Scheme (KPCS). The delegation, currently in Angola to evaluate the country’s implementation of rough diamond certification mechanisms, met with ENDIAMA’s Board of Directors on Monday as part of the official assessment process.

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International News Oil Petroleum

Ghana’s Jubilee Oil Field Production Rebounds Following New Drilling Success

Kosmos Energy Boosts Ghana’s Jubilee Oil Field Output Above 85,000 bpd with New Wells Ghana’s flagship Jubilee offshore oil field is delivering its strongest production recovery in years as new drilling activity reverses a prolonged decline and strengthens confidence in the country’s oil sector. Operator Kosmos Energy reported average production of 72,000 barrels of oil per day (bpd) during the second quarter of 2026, with output rising above 85,000 bpd by the end of the

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