Vital Industry News
De Beers Board Member Matome Tsholetsa Malema Passes Away Sodiam Raises $25.8 Million in 16th Rough Diamond Auction Shell Reaffirms Commitment to Reviving Angola’s Oil Production Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions Global Oil Prices Surge Amid Rising Tensions in the Middle East Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves
Corporate News Diamonds International Mining Personality

De Beers Board Member Matome Tsholetsa Malema Passes Away

Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

More Angolan Mining News

Corporate News Diamonds International Mining Personality

De Beers Board Member Matome Tsholetsa Malema Passes Away

De Beers Board Member and Minerals Development Company Botswana CEO Matome Tsholetsa Malema Dies Global…
Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Angola’s Sodiam Generates $25.8 Million in Rough Diamond Auction, Surpassing Expectations Angola’s National Diamond Trading…
Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

Shell Pledges Support for Angola’s Oil Production Revival as Company Returns After 20 Years Shell…
Corporate News Local Oil

Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port

Sonangol Tanker Hit by Explosion Near Iraq’s Khor al Zubair Port; Crew Safe and Vessel…
Local Energy News

Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection

Angola and Namibia Strengthen Energy Ties, Discuss Power Interconnection and Baynes Hydroelectric ProjectAngola and Namibia…
International News Oil

Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium

Oil Surges 25% to Highest Since 2022 Amid Iran War, Driving Vegoils and Aluminium Prices…
Oil International Petroleum

Uganda to Fully Fund $4 Billion Oil Refinery Through Equity

Uganda has announced plans to fully finance its $4 billion oil refinery project in Hoima District using equity, abandoning earlier plans to seek international market financing. Energy Minister Ruth Nankabirwa revealed that the government, in partnership with UAE-based Alpha MBM Investments, has opted to proceed without external debt financing. This decision marks a significant shift from the original funding model, which projected a mix of 60% debt and 40% equity. The Uganda Refinery Project aims

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Corporate News International Mergers & Acquisitions

Chappal Energies Completes $1.2 Billion Acquisition of Equinor Nigeria

Chappal Energies has officially concluded the acquisition of Equinor Nigeria Energy Company (ENEC), a subsidiary of Norway’s Equinor ASA, solidifying its presence in Nigeria’s energy sector. Initially announced in November 2023, the transaction saw Equinor sell its 54% stake in the OML 128 oil and gas lease to Chappal Energies. The acquisition was finalized on December 6, 2025, following a year-long process. The deal is valued at up to $1.2 billion, comprising a $710 million

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Corporate News International Oil Petroleum

NNPC Launches First Export of Low-Sulfur Fuel Oil

The Nigerian National Petroleum Company Limited (NNPC) has successfully sold its inaugural shipment of Port Harcourt low-sulfur straight-run fuel oil (LSSR) to Dubai-based Gulf Transport & Trading Limited (GTT). This marks the beginning of operations at the Port Harcourt Refinery and the export of petroleum products. The Wonder Star MR1 vessel is set to load 15,000 metric tons of LSSR, equivalent to approximately 13.6 million liters. Although the current export volume from NNPC is modest,

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Corporate News Gas

Mitsui and TotalEnergies Near Restart of $20 Billion Mozambique LNG Project

Mitsui & Co., in partnership with TotalEnergies and the Mozambique government, is finalizing plans to restart construction of the $20 billion Mozambique liquefied natural gas (LNG) project, according to Mitsui CEO Kenichi Hori. The project, led by TotalEnergies, has faced delays due to security concerns stemming from violent unrest in the region. However, Hori expressed optimism about recent improvements in the area’s security and assured investors that all parties are addressing remaining challenges. “We are

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International Corporate News Exploration

88 Energy Targets 2025 Completion for Resource Estimate in Namibia’s Owambo Basin

88 Energy is on track to finalize a prospective resource estimate for PEL 93, located in Namibia’s onshore Owambo Basin, by the first half of 2025. The update follows an internal review of Monitor Exploration Limited’s initial interpretation of 2D seismic data, which identified 10 significant independent structural closures. PEL 93 spans a vast 18,500 km² and includes central licence blocks 1717 and 1817. The company plans to drill its first well in the basin

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International Exploration Oil

Noble Venturer Drillship Set to Begin High-Impact Exploration in Namibia

The Noble Venturer drillship is scheduled to arrive in Walvis Bay next week to commence drilling operations for Rhino Resources on Block PEL-85. The campaign will target two key prospects, Volans-1 and Sagittarius-1, and is expected to last at least 100 days. This state-of-the-art seventh-generation Samsung 96-K drillship, built in 2014, is equipped to operate in water depths of up to 12,000 feet and drill as deep as 40,000 feet. With a crew capacity of

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International News Renewable Energy

Solarise Africa and Rubis Energy Kenya Launch Renewable Energy JV to Power East Africa

Renewable energy firm Solarise Africa has partnered with Rubis Energy Kenya to launch a joint venture (JV) named Rubisol, aimed at delivering renewable energy solutions to commercial and industrial businesses in East Africa. The Rubisol JV seeks to address the region’s growing demand for decentralized power systems as businesses increasingly turn away from unreliable national grid supplies. By providing locally produced, reliable, and affordable energy, the partnership aims to support economic growth and energy sustainability

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International Oil

Libya’s Oil Production Hits 11-Year High at 1.4 Million Barrels Per Day

Libya’s oil production soared to 1.4 million barrels per day (bpd) in November 2024, its highest level since 2013. This milestone underscores Libya’s growing contribution to the Organization of the Petroleum Exporting Countries’ (OPEC) overall output growth. For the second consecutive month, Libya has been a key driver behind OPEC’s production increase. OPEC’s total crude oil output surpassed 27 million bpd in November, reflecting a 120,000 bpd rise compared to October, with Libya responsible for

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Diamonds International News

Botswana to Launch Diamond Export Certification Node by 2025

Botswana has partnered with the G7 diamond technical team to establish an export certification node by 2025, aiming to enhance traceability and transparency in its diamond trade with G7 markets. “Botswana is committed to pioneering traceability and responsible mining practices, ensuring that our diamonds not only shine in beauty but also embody integrity and ethical stewardship,” said Duma Boko, President of Botswana. The certification platform builds on a framework developed by Botswana and Belgium in

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International Exploration Gas Oil

Libya to Tender 22 Oil and Gas Exploration Blocks to International Investors

The National Oil Corporation (NOC) of Libya has announced plans to launch a public tender offering 22 onshore and offshore exploration blocks to international oil companies. The announcement was made during a meeting chaired by Libya’s Prime Minister, Abdul Hamid Dbeibah, on December 7. The tender aims to attract foreign investment to bolster Libya’s hydrocarbon sector. NOC Chairman Farhat Bengdara emphasized the introduction of a new standard agreement and an updated procedural manual. These documents,

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