Vital Industry News
Angola Oil Revenue Rises to $7.16 Billion in Q1 on Stronger Prices Angola Oil Sector Faces Medium Risk of Money Laundering, Study Finds Calucuve Dam Nears Completion to Strengthen Water Security in Southern Angola Lunda Norte Inaugurates Chitotolo Diamond Plant to Boost Production and Jobs Endiama and Rio Tinto Launch Chiri Mining Venture for Diamond Exploration in Angola’s Lunda Sul Nigeria Approves $10.3 Billion Eni Deepwater Oil Investment in Zabazaba and Etan Fields Botswana Signs 30-Year Deal for 500MW Solar and Battery Project in Maun Germany and South Africa Sign €200M Loan Deal to Boost Energy Transition and Green Industry South Africa Commissions 148MW Bolobedu Solar Plant in Limpopo Sun King to Invest $150 Million in Ethiopia’s Off-Grid Solar Expansion
Oil Economy Local News

Angola Oil Revenue Rises to $7.16 Billion in Q1 on Stronger Prices

Local News Oil

Angola Oil Sector Faces Medium Risk of Money Laundering, Study Finds

International Infrastructure Local

Calucuve Dam Nears Completion to Strengthen Water Security in Southern Angola

More Angolan Mining News

Oil Economy Local News

Angola Oil Revenue Rises to $7.16 Billion in Q1 on Stronger Prices

Angola Oil Export Revenue Climbs 10% to $7.16B in Q1 2026 as Higher Brent Prices…
Local News Oil

Angola Oil Sector Faces Medium Risk of Money Laundering, Study Finds

Angola Upstream Oil Industry Identified as Medium Risk for Money Laundering and Corruption, New ANPG…
International Infrastructure Local

Calucuve Dam Nears Completion to Strengthen Water Security in Southern Angola

Angola’s Calucuve Dam Set for July Completion to Boost Water Supply, Agriculture, and Drought Resilience…
Diamonds Economy Local

Lunda Norte Inaugurates Chitotolo Diamond Plant to Boost Production and Jobs

Angola Opens $9M Chitotolo Processing Plant in Lunda Norte, Raising Diamond Output Capacity by 140%…
Diamonds Corporate News Economy Local

Endiama and Rio Tinto Launch Chiri Mining Venture for Diamond Exploration in Angola’s Lunda Sul

Angola Launches Chiri Mining JV as Endiama and Rio Tinto Begin Diamond Exploration in Lunda…
International Corporate News Oil

Nigeria Approves $10.3 Billion Eni Deepwater Oil Investment in Zabazaba and Etan Fields

Nigeria Clears $10.3B Eni Offshore Oil Project to Develop Zabazaba and Etan Fields, Targeting 150,000…
Diamonds Corporate News International

De Beers Diamond Output Rises 17% in Q1 on Strong Botswana and Canada Performance

De Beers Q1 Production Up 17% to 7.1M Carats as Botswana, Canada and South Africa Drive Growth Despite Price Decline Diamond producer De Beers reported a 17% year-on-year increase in rough diamond production to 7.1 million carats for the quarter ended March 31, driven mainly by planned ore releases at the Gahcho Kué mine in Canada and higher output from the Venetia underground mine in South Africa. On a quarter-on-quarter basis, production surged by 88%,

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Gold Economy International

DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets

DR Congo Partners with UAE-Based Paradigm Holdings to Boost Gold Exports Through Dubai Trading Hub The government of the Democratic Republic of the Congo has signed a gold supply agreement with UAE-based Paradigm Holdings, marking a new step in efforts to expand the country’s access to international bullion markets through Dubai. The deal highlights the growing role of the United Arab Emirates as a key intermediary in global gold trade, connecting resource-rich African producers with

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Corporate News International Oil

Dangote Plans Major Refinery Expansion to Boost Capacity and Create Thousands of Jobs

Aliko Dangote Targets 1.4 Million Barrels Per Day Capacity Expansion at Dangote Refinery, Creating Up to 95,000 Jobs Africa’s largest industrial project is set for another major scale-up, with Aliko Dangote announcing plans to expand the Dangote Refinery to a production capacity of 1.4 million barrels per day. The expansion is expected to create up to 95,000 skilled jobs at peak construction, reinforcing the refinery’s role as a cornerstone of Nigeria’s industrialisation and energy security

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International News Oil Petroleum

South Africa Turns to US Fuel Imports as Middle East Supply Risks Reshape Energy Trade

South Africa Boosts US Fuel Imports Amid Strait of Hormuz Tensions and Rising Global Shipping Costs South Africa is increasing fuel imports from the United States as instability along key Middle East shipping routes continues to disrupt traditional supply chains and push up global energy costs. The shift reflects a broader adjustment among fuel-importing economies that are rethinking sourcing strategies amid tighter maritime corridors, longer shipping distances, and rising freight and crude prices. For many

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International Energy Gas News

Senegal Takes Full Control of Yakaar-Teranga Gas Project After Kosmos Energy Withdrawal

Senegal Transfers Yakaar-Teranga Gas Project to State Firm PETROSEN as Kosmos Energy Exits Major Offshore Development Senegal has moved to assume full control of its strategic Yakaar-Teranga Gas Project following an agreement for the withdrawal of US-based Kosmos Energy, marking a significant shift in the country’s upstream energy landscape. The decision places the development of one of West Africa’s largest gas discoveries firmly under state management. Prime Minister Ousmane Sonko announced that the agreement allows

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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 Rhino Resources is advancing appraisal activities at its Capricornus oil discovery offshore Namibia following confirmation of a high-quality light oil-bearing reservoir in the Orange Basin, one of the world’s most closely watched new petroleum frontiers. The company has announced that it has contracted the Saipem 12000 drillship to carry out the Capricornus-1A appraisal well in Block 2914, which falls under

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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 Gas Industry TotalEnergies has spent more than US$141 million on local goods and services in Namibia since 2022, as the energy major intensifies efforts to expand local participation in the country’s fast-growing oil and gas sector. The investment reflects a broader push to strengthen domestic supply chains and ensure Namibian businesses benefit from the development of offshore energy resources. Speaking

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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 stepping up efforts to secure a foothold in Namibia’s rapidly expanding oil industry, backing its major energy companies and strengthening diplomatic ties despite recent regulatory tensions surrounding offshore deals. A delegation of around 20 French energy and industrial companies concluded a business mission to Namibia on April 17, signaling Paris’ intention to position the energy sector at the core of

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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 its electricity generation capacity by 900 megawatts (MW), in a major step toward strengthening national energy security and supporting long-term infrastructure development. The agreement, signed with the Zambia Development Agency, supports the country’s broader target of reaching 10,000 MW of installed power capacity by 2031. It comes as Zambia continues to face electricity shortages driven largely by prolonged droughts, which

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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 richest man, Aliko Dangote, has announced plans to expand his refining operations into East Africa with a proposed large-scale refinery similar in size to his flagship facility in Nigeria. The move comes as African leaders intensify efforts to strengthen industrial self-sufficiency and reduce reliance on imported refined products. Speaking at the “Africa We Build” summit in Nairobi, Dangote said his

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