Vital Industry News
Rhino Resources Advances Capricornus Oil Discovery Appraisal Offshore Namibia TotalEnergies Expands Local Supplier Spending as Namibia’s Oil and Gas Sector Gains Momentum France Intensifies Push into Namibia’s Oil Sector as TotalEnergies Targets Major Offshore Projects Zambia Secures $1.5 Billion China Deal to Add 900 MW Power Capacity and Strengthen Energy Security Dangote Plans Major East Africa Refinery Expansion as African Leaders Push for Industrial Self-Sufficiency DRC Pushes for Energy Transformation as It Showcases Massive Hydropower Potential at African Energy Forum Global Energy Transition Accelerates in 2025 as Renewables and Nuclear Expand PHC Plans Palm Oil Refinery in DRC to Boost Local Value Addition and Reduce Import Gap IEA Warns Middle East Conflict Could Disrupt Up to 120 bcm of Global LNG Supply Through 2030 $1.32 Billion Secured for Lobito Corridor Railway to Link Zambia’s Copperbelt to Global Markets via Angola
International Corporate News Oil

Rhino Resources Advances Capricornus Oil Discovery Appraisal Offshore Namibia

Corporate News Gas International Oil

TotalEnergies Expands Local Supplier Spending as Namibia’s Oil and Gas Sector Gains Momentum

International News Oil

France Intensifies Push into Namibia’s Oil Sector as TotalEnergies Targets Major Offshore Projects

More Angolan Mining News

International Corporate News Oil

Rhino Resources Advances Capricornus Oil Discovery Appraisal Offshore Namibia

Rhino Resources Launches Capricornus-1A Appraisal Well to Assess Light Oil Discovery in Namibia’s Orange Basin…
Corporate News Gas International Oil

TotalEnergies Expands Local Supplier Spending as Namibia’s Oil and Gas Sector Gains Momentum

TotalEnergies Invests $141 Million in Namibian Suppliers to Boost Local Participation in Offshore Oil and…
International News Oil

France Intensifies Push into Namibia’s Oil Sector as TotalEnergies Targets Major Offshore Projects

France Expands Energy Partnership with Namibia Amid Rising Competition for New Oil Frontier France is…
International News Renewable Energy

Zambia Secures $1.5 Billion China Deal to Add 900 MW Power Capacity and Strengthen Energy Security

Zambia has secured a $1.5 billion investment from China Machinery Engineering Corporation (CMEC) to expand…
International News Oil

Dangote Plans Major East Africa Refinery Expansion as African Leaders Push for Industrial Self-Sufficiency

Dangote Proposes 650,000 bpd East Africa Refinery to Boost Regional Industrialisation and Energy Security Africa’s…
International Energy Expos & Events

DRC Pushes for Energy Transformation as It Showcases Massive Hydropower Potential at African Energy Forum

DRC Highlights 167,000 MW Hydropower Potential at Invest in African Energy Forum 2026, Calls for…
Corporate News International Oil

Dangote Refinery’s Petrol Price Cut Sparks Concerns Among Importers

Importers of Premium Motor Spirits (PMS), commonly known as petrol, are reportedly unsettled by the Dangote Refinery’s recent decision to reduce its petrol price. On Wednesday, the Dangote Refinery announced a price cut, reducing its ex-depot (gantry) price of petrol from N890 to N825 per liter, effective from February 27, 2025. This move has caused a ripple effect across the fuel market, with importers now compelled to adjust their prices accordingly. The Dangote Refinery, however,

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Oil International News

Uganda and Tanzania Defend East African Crude Oil Pipeline Amid Legal Challenges

The governments of Uganda and Tanzania have rejected claims made by civil society organizations (CSOs) opposing the construction of the East African Crude Oil Pipeline (EACOP). The two nations have jointly appealed to the Appellate Division of the East African Court of Justice (EACJ) to dismiss a case filed by four CSOs from Uganda, Kenya, and Tanzania, which seeks to halt the project. On February 24, 2025, Uganda’s Deputy Solicitor General, Mr. Charles Ouma, and

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International Corporate News

Rio Tinto Completes Landmark Renewable Diesel Trial in Pilbara

Rio Tinto has successfully completed its first renewable diesel trial across its Pilbara iron ore operations, marking a significant milestone in its efforts to reduce emissions and integrate alternative fuels into its supply chain. The trial, conducted in partnership with renewable diesel producer Neste and Australian fuel supplier Viva Energy, provided Rio Tinto with critical insights into the scalability of biofuels across its operations. The four-week trial (January–February 2024) resulted in a 27,000-tonne reduction in

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International Oil

Alberta Projects $5.2 Billion Deficit Amid U.S. Tariff Uncertainty

Alberta, Canada’s top oil-producing province, has forecast a C$5.2 billion ($3.5 billion) budget deficit for the 2025/26 fiscal year, citing potential U.S. tariffs as a major threat to government revenues and economic growth. This marks a sharp reversal from Alberta’s current fiscal surplus of C$5.8 billion, highlighting the uncertainty facing policymakers as they navigate the evolving trade landscape. Finance Minister Nate Horner acknowledged the difficulty in planning a budget amid unpredictable U.S. policies. “How do

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Corporate News Diamonds International

Alrosa Reports 77% Profit Drop Amid Sanctions and Market Challenges

Russia’s state-owned diamond producer, Alrosa, reported a 77.3% decline in net profit for 2024, falling to 19.3 billion roubles ($219.32 million) compared to the previous year. Revenue also dropped by 25.9%, reaching 239.1 billion roubles. The decline follows a Group of Seven (G7) ban on direct Russian diamond imports in January 2024, which was later expanded to include diamonds routed through third countries. Alrosa has also been under U.S. sanctions since 2022, further restricting its

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Corporate News Exploration International Oil

Custos Energy Announces Promising Results from Second Exploration Campaign in Namibia’s Orange Basin

Custos Energy is pleased to provide an update on its second exploration and appraisal campaign for blocks 2813A and 2814B in Namibia’s rapidly growing Orange Basin oil and gas region. These blocks are part of Petroleum Exploration License 83 (PEL 83), operated by a subsidiary of Galp Energia, with Custos and Namibia’s National Petroleum Corporation (NAMCOR) each holding a 10% working interest. The PEL 83 Joint Venture partners have successfully drilled, cored, and logged the

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International News Renewable Energy

$7.9 Billion Green Hydrogen Project Set to Transform Nigeria’s Economy

A $7.9 billion green hydrogen project has been launched in Akwa Ibom State, Nigeria, with backing from China. The ambitious initiative will take place within the Liberty Free Trade Zone (LFTZ) at Atabrikang, in the Ibeno Local Government Area. The agreement was formalized in Uyo, Nigeria, with representatives from the Nigerian Federal Government, APPL Hydrogen Limited (AHL), and China’s LONGi Green Energy Technology signing the deal. Idara Ekpo, Chief Visionary Officer of AHL, revealed that

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Corporate News Diamonds International

De Beers Faces Tight Supply of Large Rough Diamonds Amid Market Stabilization

Rough diamonds above 5 carats were in tight supply during this week’s trading session, with industry sources attributing the shortage to both production cuts and De Beers’ strategy of limiting supply. During the February sight, prices remained stable across most categories as De Beers adhered to its policy of not overflooding the market, according to insiders. However, the scarcity of large stones raised eyebrows, especially considering De Beers reportedly holds $2 billion in inventories, its

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Corporate News Diamonds International

De Beers and Botswana Sign 10-Year Diamond Partnership Extension

After extensive negotiations, De Beers and the government of Botswana have signed a historic agreement extending their diamond partnership for another decade. The new sales agreement for rough diamonds from Debswana, the joint venture between the government and De Beers, will remain in effect for the next 10 years, De Beers announced on Tuesday. Under the terms of the deal, 30% of Debswana’s production will go to the state-owned Okavango Diamond Company (ODC) for the

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Diamonds Corporate News International

SACIM Congo Faces Diamond Sales Restrictions and Financial Struggles

The Anhui Congo Investment Company (SACIM) in Kasai-Oriental continues to face significant challenges, raising concerns across the region. On February 26, 2025, a SACIM manager revealed to Actualité.cd that the company, which typically produces an average of 300,000 carats of diamonds per month, is encountering difficulties in selling its diamonds due to newly imposed price restrictions. Under the terms of Ministerial Decree No. 00049/CAB.MIN/MINES/01/2022, dated February 22, 2022, SACIM is restricted to selling its diamonds

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