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…
Oil Economy International News

Global Oil Prices Surge Amid Rising Tensions in the Middle East

Oil Prices Jump Above $114 as Strait of Hormuz Disruptions Trigger Global Energy Market Fears Global oil prices surged sharply on Monday, March 9, 2026, as escalating geopolitical tensions in the Middle East and disruptions to maritime traffic in the Strait of Hormuz raised fears of a major shock to global energy supplies. According to energy market data, the international benchmark Brent crude was trading at around $114 per barrel at the start of the

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International News Oil

Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa

Oil Price Surge After US Strikes on Iran Threatens Higher Fuel Costs and Inflation Across Africa A geopolitical conflict thousands of kilometres away is once again threatening to raise the cost of living across Africa. Within hours of US-led airstrikes on Iran on February 28, global oil markets reacted sharply, with Brent crude prices jumping from about $67 to above $82 per barrel a surge of more than 20% in just a few days. It

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Gold Economy International

Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves

Uganda Central Bank Begins Gold Buying Programme as Global Prices Surge Past $5,000 The Bank of Uganda has announced it will begin purchasing gold from domestic producers this month, becoming the latest central bank to increase its bullion reserves amid surging global gold prices. The initiative forms part of a broader strategy to strengthen Uganda’s foreign exchange reserves and reduce exposure to global financial volatility, particularly as many central banks diversify away from the United

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Diamonds Corporate News International

Lucara Reports Lower 2025 Earnings as Karowe Underground Expansion Advances

Lucara Diamond Revenue Falls in 2025 as Botswana’s Karowe Underground Project Requires Additional Funding Canada-listed Lucara Diamond reported lower revenue and earnings for 2025 as the company continued advancing the underground expansion of its flagship Karowe Diamond Mine in Botswana, while warning that additional financing will be required to complete the project. For the year ended December 31, 2025, Lucara sold 353,302 carats, down from 399,215 carats in 2024. Revenue declined to C$159.7 million, compared

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Local Corporate News Mining Projects

Cascade Natural Resources Boosts Investment in Pensana to Accelerate Longonjo Rare Earths Project

Cascade Natural Resources Raises Pensana Investment to $165M to Support Angola’s Longonjo Rare Earths Mine Global rare earths investment platform Cascade Natural Resources has increased its strategic investment in London-listed Pensana to $165 million, strengthening support for the company’s US-focused mine-to-magnet supply chain strategy. Cascade had initially committed $100 million, but the revised agreement expands the investment to accelerate development of key rare earth assets, particularly the Longonjo Rare Earths Project in Angola. Under the

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Corporate News International Oil

Seplat Accelerates Production Growth with Idle Well Revival Program

Seplat Restores 49 Idle Wells, Targets 50 More as Offshore Output Surges After ExxonMobil Asset Deal Seplat Energy Plc has restored 49 previously idle wells to production following its US$1.28 billion acquisition of onshore and shallow-water assets from ExxonMobil, adding significant new capacity as part of a broader offshore turnaround strategy. The company confirmed in its latest audited financial results that the well restoration campaign was a key driver of offshore growth in 2025. Cost-Efficient

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Corporate News Gas International

Eni Raises Stake in Algeria’s Touat Gas Field to 42.9% After Engie Exit

Eni Expands Position in Algeria’s Touat Gas Field Following Engie Withdrawal Eni has increased its stake in Algeria’s onshore Touat natural gas project after Engie formally exited the development, according to a presidential decree issued by Algerian authorities. The decree approves amendments to the hydrocarbon contract covering the Touat perimeter, which comprises blocks 352A and 353 in the Adrar region of southwestern Algeria. Under the revised ownership structure, Eni acquires 8% of Engie’s former interest,

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Oil Corporate News International

Nigeria Restructures OPL 245, Clearing Path for Shell and Eni Development

Nigeria Splits OPL 245 Into Four Blocks as Shell and Eni Move to Develop 9-Billion-Barrel Deepwater Reserve Nigeria has restructured its high-profile OPL 245 deepwater oil block into four separate assets to be jointly developed by Shell Plc and Eni SpA, potentially unlocking one of Africa’s largest undeveloped offshore oil reserves. According to a source familiar with the decision, final contract signings are expected to begin shortly, although the government has yet to make a

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Local News Transport and Logistics

Port of Lobito Extends Timoneiro Concession for Towing and Marine Operations

Port of Lobito Renews 15-Year Towing and Marine Services Concession with Timoneiro Port of Lobito has renewed its concession agreement with Timoneiro for towing, berthing and vessel assistance services for an additional 15 years, reinforcing operational continuity at one of Angola’s key logistics hubs. The agreement was formalised on Thursday in Lobito and marks a new contractual cycle set to commence on 17 May 2026. Strategic Commitment to Maritime Safety Speaking at the signing ceremony,

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Local Mining Projects News Oil

Angola’s MIREMPET Assesses Mining and Oil Potential in Icolo & Bengo Province

MIREMPET Evaluates Solid Minerals and Hydrocarbon Potential in Icolo & Bengo Ministry of Mineral Resources, Petroleum and Gas (MIREMPET) on Monday reviewed the mineral, oil and gas potential of Icolo e Bengo during a high-level meeting with provincial officials and sector technicians. The session, led by Minister Diamantino Azevedo, focused on assessing ongoing activities in the province and identifying mechanisms to strengthen institutional coordination, regulatory oversight and sector development. According to the minister, as one

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