Vital Industry News
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 Cascade Natural Resources Boosts Investment in Pensana to Accelerate Longonjo Rare Earths Project Seplat Accelerates Production Growth with Idle Well Revival Program Eni Raises Stake in Algeria’s Touat Gas Field to 42.9% After Engie Exit Nigeria Restructures OPL 245, Clearing Path for Shell and Eni Development Port of Lobito Extends Timoneiro Concession for Towing and Marine Operations Angola’s MIREMPET Assesses Mining and Oil Potential in Icolo & Bengo Province
Oil Economy International News

Global Oil Prices Surge Amid Rising Tensions in the Middle East

International News Oil

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

Gold Economy International

Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves

More Angolan Mining News

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…
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…
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…
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…
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…
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…
Local Energy

Angola to Open Electricity Market to Private Companies Starting Next Year

Angola Ends Monopoly of State Electricity Company, Allowing Private Firms to Sell Power from 2026 Angola will allow private companies to begin selling electricity in the country starting next year, ending the monopoly held by the National Electricity Distribution Company (ENDE), announced the Minister of Energy and Water, João Baptista Borges. The move is aimed at addressing high operational costs and supporting the rapid expansion of electricity networks in rural areas, the minister explained during

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Corporate News Local Oil

Sonangol Faces Structural Decline and Urgent Need for Privatization and Management Reform

CEDESA Warns of Sonangol’s Structural Decline, Urges 45% Privatization and Governance Overhaul A recent analysis by the Center for Studies of Economic and Social Development of Angola (CEDESA) warns that Sonangol, Angola’s state-owned oil company, is in structural decline and requires comprehensive reforms, including the privatization of 45 percent of its capital and the removal of political party members from management positions. The report, authored by Rui Verde, states that Sonangol’s challenges cannot be explained

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Corporate News International Oil

Azule Energy Appoints Joe Murphy as CEO Amid Namibia Expansion

Azule Energy Names Joe Murphy CEO as Company Advances Oil Exploration in Namibia Azule Energy has appointed Joe Murphy as its new Chief Executive Officer, effective 1 December 2025. The company highlighted that Murphy brings over 20 years of global energy experience, having held senior leadership roles across BP’s major ventures and contributing to the creation of Azule Energy. Announcing the appointment, Azule noted that Murphy’s experience spans operations in the Gulf of Mexico, the

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International Corporate News Oil

Namibian Suppliers Advised to Specialise as TotalEnergies Prepares Venus Oilfield Development

TotalEnergies Urges Namibian Suppliers to Focus on Specialised Skills for Oil and Gas Opportunities TotalEnergies EP Namibia has urged local companies seeking oil and gas opportunities to concentrate on specialised skills rather than offering broad, unfocused services. Speaking at a supplier engagement session, Veronica Mungonena, Lead Contracts and Procurement Engineer for Local Content at TotalEnergies, emphasised that companies often approach the operator asking for guidance on what they should do, instead of refining and promoting

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Oil Corporate News International

Dangote Group Eyes N$2.6 Billion Petroleum Tank Farm Investment in Namibia

Dangote Group to Invest US$140 Million in Walvis Bay Tank Farm, Boosting Namibia’s Energy Sector The Dangote Group is planning a major investment in Namibia, estimated at approximately N$2.6 billion (US$140 million), for the development of a petroleum tank farm at the Port of Walvis Bay. Negotiations with the Namibian government are ongoing to finalize the project’s scope. Ambassador Dr. Kaire Mbuende, Director General of Namibia’s National Planning Commission (NPC), told Namibia Mining & Energy

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International Oil

Namibia Offshore Oil Development Needs Multiple FIDs for Long-Term Industry Growth

Namibia’s Offshore Oil Future Hinges on Multiple Final Investment Decisions, Says Subsea 7 Subsea 7 Country Manager Glenn Fraser emphasizes that Namibia’s potential to establish a sustainable offshore services industry depends on securing multiple final investment decisions (FIDs) rather than relying on a single deep-water discovery. Fraser highlighted that long-term project continuity is essential for developing local capacity in engineering, fabrication, logistics, marine operations, and subsea systems. “Achieving first oil requires US$20 to US$25 per

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Renewable Energy International News

Zimbabwe Advances Plans for Floating Solar Project on Lake Kariba

Zimbabwe to Build 600MW Floating Solar Power Plant on Lake Kariba to Tackle Energy Shortages Zimbabwe plans to begin construction of a floating solar power plant on Lake Kariba, the world’s largest man-made reservoir, as part of a renewed effort to address persistent electricity shortages and diversify its energy mix. Information Minister Jenfan Muswere said construction of the first phase of the 600-megawatt project is expected to start in the second quarter of 2026, according

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Corporate News International News Oil

Dangote Refutes Claims of U.S. Opposition to Nigeria’s Largest Oil Refinery

Dangote Dismisses Claims Trump Opposes Dangote Refinery, Confirms Strong U.S. Crude Supply Ties Aliko Dangote, President of the Dangote Refinery, has dismissed reports circulating on social media suggesting that United States President Donald Trump is displeased with the establishment of Africa’s largest oil refinery in Nigeria. Speaking with journalists, Dangote described the claims as baseless and inconsistent with existing commercial relationships, emphasizing that the United States remains a major supplier of crude oil to the

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Diamonds International Technology & Innovation

Botswana Diamonds Expands Exploration Portfolio with AI and Critical Minerals Strategy

Botswana Diamonds Leverages AI to Diversify Into Critical Minerals While Advancing High-Value Diamond Projects Despite a challenging year for the global diamond industry, AIM-listed Botswana Diamonds reports significant progress in its strategic expansion efforts. Reflecting on the financial year ending June 30, 2025, and the first half of its 2026 financial year, the company has strengthened its asset base across diamond and critical mineral exploration and adopted advanced technologies to enhance its projects in South

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Corporate News Diamonds International

De Beers CEO of Tracr, Wesley Tucker, to Step Down After Leading Major Digital Transformation

De Beers Announces Leadership Change as Tracr CEO Wesley Tucker Exits in February 2026 De Beers Group has announced that Wesley Tucker will step down as chief executive officer of Tracr—its blockchain-based diamond traceability platform—at the end of February 2026. Tucker joined the company in April 2021 as head of digital transformation before taking over leadership of Tracr. During his tenure, Tucker played a central role in evolving Tracr from a pilot program into the

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