Vital Industry News
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 Lucara Reports Lower 2025 Earnings as Karowe Underground Expansion Advances
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

Corporate News Local Oil

Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port

More Angolan Mining News

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…
Gold International

Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions

Ghana’s GoldBod Plans Backup Export Routes as Dubai Flight Disruptions Threaten Artisanal Gold Trade Ghana’s…
International Exploration Mining News Oil

Somaliland Targets 2027 Start for Oil and Mineral Exploration

Somaliland Plans to Launch Oil and Mineral Exploration by 2027, President Irro Says Somaliland President Abdirahman Mohamed Abdullahi, widely known as Irro, has announced that the region expects to formally begin oil and mineral exploration by 2027. Speaking at the opening of the Somaliland Mining and Natural Resources Exhibition, President Irro said the region possesses significant untapped natural resources. He emphasized that the government is committed to developing these resources within a clear regulatory framework

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Corporate News International Oil

TotalEnergies Takes Over Operatorship of Namibia’s Mopane Offshore License

TotalEnergies Takes Over Operatorship of Mopane Oil Discovery in Namibia, Targets Drilling From 2026 TotalEnergies has signed an agreement with Galp to assume operatorship of Namibia’s offshore Petroleum Exploration License (PEL) 83, which contains the Mopane oil discovery. Under the terms of the agreement, the partners will implement a defined exploration and appraisal program over the next two years, including the drilling of three wells. The first well is planned for 2026, as the partners

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International News Oil

Libya Prepares for First Deepwater Exploration Well in Sirte Basin

Libya’s NOC Advances Plans for First Deepwater Drilling in Sirte Basin Offshore Block Libya’s National Oil Corporation (NOC) has announced preparations for the country’s first deepwater exploration well in the Sirte Basin, marking a potential shift toward offshore exploration that has long been discussed but never executed. While planning is well advanced, industry observers note that the true test will come once drilling operations begin. As part of the preparations, NOC’s Exploration and Drilling teams

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Corporate News International Oil

Chevron Confirms Participation in Nigeria’s 2025 Oil Licensing Round

Chevron to Expand in Nigeria with 2025 Licensing Round and 2026 Offshore Drilling Plans Chevron has announced its intention to participate in Nigeria’s upcoming oil licensing round and plans to deploy a drilling rig in late 2026 as part of its strategy to expand operations in Africa’s largest oil producer. Jim Swartz, Chairman and Managing Director of Chevron Nigeria/Mid-Africa Business Unit, highlighted the company’s aim to strengthen its presence in Nigeria, citing the clearer regulatory

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Corporate News International Oil

Tullow Oil Moves to Extend Jubilee and TEN Licenses in Ghana to 2040

Tullow Oil Secures New Gas Deal and Plans Jubilee and TEN License Extensions in Ghana Through 2040 Tullow Oil is advancing plans to extend the operating licenses for Ghana’s Jubilee and TEN fields to 2040, following the finalization of a new gas sales agreement. The company is now working closely with government authorities to finalize the remaining agreements. Tullow’s newly appointed CEO, Ian Perks, who assumed the role in September 2025, highlighted these objectives in

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Corporate News International Oil

Eni Accelerates Phase 2 of Congo LNG Project Ahead of Schedule

Eni Advances Congo LNG Phase 2 with Early Gas Flow and Nguya FLNG Arrival, First Export Set for 2026 Eni has commenced Phase 2 of the Congo LNG project ahead of schedule, following the arrival of the Nguya FLNG unit and the entry of gas into the new offshore infrastructure. The company aims to export the first LNG cargo in early 2026. Phase 2 introduces three additional production platforms, the Scarabeo 5 unit for gas

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International News Oil

Nigeria Named Permanent Headquarters of African Petroleum Regulators Forum

Nigeria Emerges as Permanent Headquarters of AFRIPERF as NUPRC CEO Gbenga Komolafe Appointed Chairman The African Petroleum Regulators Forum (AFRIPERF), a coalition of oil and gas regulatory authorities across Africa, has selected Nigeria as its permanent headquarters and appointed the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, as its substantive chairman. The decision was reached during AFRIPERF’s inaugural Executive Committee meeting, which was held virtually on December 2, 2025.

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Corporate News Local Mining Projects

Pensana Strengthens Shareholder Support Ahead of Nasdaq Listing

Angolan Sovereign Wealth Fund Backs Pensana with Staged $15m Loan Conversion Ahead of Planned Nasdaq Listing The Angolan Sovereign Wealth Fund (FSDEA) has agreed to a staged conversion of a $15-million bridging loan into equity to manage its ownership percentage in London-listed Pensana, while enabling the introduction of new institutional investors ahead of the company’s proposed Nasdaq listing in mid-2026. In May, Pensana announced the terms and timing of an initial $25-million equity tranche, forming

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Energy Expos & Events International

Africa Needs Grids to Move Power from Renewable Energy Projects to End Users

Africa stands at a defining moment in its energy transition. With some of the world’s richest solar, wind and hydro resources, the continent is rapidly scaling up renewable energy generation. However, a critical bottleneck threatens to derail this progress: the lack of adequate, modern and interconnected power grid infrastructure to move electricity from generation sites to where it is needed most. Across the continent, hundreds of renewable energy projects – from utility-scale solar farms in

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Transport and Logistics Local News

Lobito Atlantic Railway secures USD753 million to accelerate development in Angola

Lobito Atlantic Railway (“LAR”) announced it has secured USD753 million in financing from the US International Development Financial Corporation (DFC) and the Development Bank of Southern Africa (DBSA) to support the rehabilitation of the 1,300 km railway in Angola, which connects the Mineral Terminal at the Port of Lobito to Luau on Angola’s border with the Democratic Republic of Congo (DRC). The loan will enable upgrades to the railway’s track infrastructure, workshops, signalling systems, and

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