Vital Industry News
QatarEnergy Reports New Oil Discovery at Merlin-1X Offshore Namibia Pensana Advances $250M Longonjo Rare Earth Project in Angola Toward 2027 Production Zimbabwe Signs First Petroleum Production Sharing Agreement for Cabora Bassa Basin Development Dangote Eyes Kenya for $15–17 Billion East Africa Refinery Project Angola Restructures Eurobond Debt with $750 Million Buyback and New Long-Term Issuance ExxonMobil Targets Major Gas Output from Owowo and Bosi Offshore Developments in Nigeria TGS Secures Major 4D Seismic Survey Contract Offshore Angola Petralon Energy Expands Dawes Island Output with Successful Start-Up of DI-3 Well Dangote Refinery Surpasses Nameplate Capacity, Targets 1.4 Million Barrels Per Day Expansion Eni Secures Offshore Exploration Licence in The Gambia
International Corporate News Oil

QatarEnergy Reports New Oil Discovery at Merlin-1X Offshore Namibia

Local Mining Projects News

Pensana Advances $250M Longonjo Rare Earth Project in Angola Toward 2027 Production

International Oil Petroleum

Zimbabwe Signs First Petroleum Production Sharing Agreement for Cabora Bassa Basin Development

More Angolan Mining News

International Corporate News Oil

QatarEnergy Reports New Oil Discovery at Merlin-1X Offshore Namibia

QatarEnergy Announces Promising Merlin-1X Oil Discovery Offshore Namibia in Orange Basin Exploration Program QatarEnergy has…
Local Mining Projects News

Pensana Advances $250M Longonjo Rare Earth Project in Angola Toward 2027 Production

Pensana’s Longonjo Mine 22% Complete as Angola Rare Earth Project Targets 2027 Startup and Global…
International Oil Petroleum

Zimbabwe Signs First Petroleum Production Sharing Agreement for Cabora Bassa Basin Development

Zimbabwe Enters Oil and Gas Era with First Production Sharing Deal for Invictus Energy’s Cabora…
International Corporate News Oil

Dangote Eyes Kenya for $15–17 Billion East Africa Refinery Project

Dangote Considers Mombasa for 650,000 bpd Refinery as Kenya Competes with Tanzania for Mega Energy…
Local Economy News

Angola Restructures Eurobond Debt with $750 Million Buyback and New Long-Term Issuance

Angola Launches $750M Eurobond Buyback and Issues New Bonds to Extend Debt Maturities to 2031–2037…
International Corporate News Oil

ExxonMobil Targets Major Gas Output from Owowo and Bosi Offshore Developments in Nigeria

ExxonMobil Plans Up to 100 MMcf/d Gas Production from Owowo Field as Offshore Projects Near…
Local Corporate News Oil

Sonangol Expands Shipping Fleet with New Suezmax Tanker to Strengthen Angola’s Oil Trade

Sonangol Builds New Suezmax Tanker to Boost Angola’s Crude Oil Exports and Regional Energy Trade Angola’s national oil company, Sonangol, has begun construction of a new Suezmax crude oil tanker capable of transporting up to one million barrels of oil, marking a significant step in the country’s strategy to strengthen its control over crude transportation and expand its reach in regional and global energy markets. The vessel, currently being built by South Korea’s Hyundai Samho

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Corporate News Diamonds International

GIA Acquires 30% Stake in Tracr to Advance Diamond Traceability and Provenance

GIA Acquires 30% Stake in Tracr, Strengthening Blockchain-Based Diamond Provenance and Traceability The Gemological Institute of America (GIA) has signed a definitive agreement to acquire a 30% shareholding in Tracr, the blockchain-powered diamond provenance platform originally developed by De Beers Group. The investment marks a major milestone in Tracr’s transition toward becoming an independent, industry-wide platform and reflects growing confidence in its ability to enhance transparency, traceability, and provenance across the global natural diamond value

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Corporate News Diamonds International Mining Personality

Akinwumi Adesina Appointed Chair of Botswana’s Diamonds for Development Fund

Former AfDB President Akinwumi Adesina Named Chair of Botswana’s Diamonds for Development Fund The Botswana government and De Beers have appointed former African Development Bank (AfDB) President Dr Akinwumi Adesina as Chairperson of the Diamonds for Development Fund, a joint initiative aimed at accelerating the country’s economic diversification and long-term development. Adesina, who served as President of the AfDB from 2015 to 2025, brings extensive experience in development finance and economic transformation. During his tenure,

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International Corporate News Oil

Trafigura Posts Record Half-Year Profit Amid Oil Market Volatility Driven by Iran Conflict

Trafigura Net Profit Surges to $4.1bn as Iran Conflict Disrupts Global Oil Markets and Boosts Trading Gains Trafigura reported a sharp rise in net profit for the first half of its 2026 financial year, providing an early indication of how major commodity trading houses are benefiting from heightened volatility in global energy markets linked to the Iran conflict. The results also position the firm as a stronger challenger to rival Vitol in the race to

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International News Renewable Energy

Traditional Leaders Back Kalungwishi Hydropower Project as Development Gains Momentum in Northern Zambia

247MW Kalungwishi Hydropower Project Gains Strong Traditional Leadership Support, Set to Transform Luapula and Northern Provinces A major milestone in Zambia’s energy and industrial development agenda is taking shape as the 247-megawatt Kalungwishi Hydropower Project gains renewed momentum, with strong backing from government, the private sector, and traditional leaders whose communities are expected to benefit from the transformative investment. Located along the Kalungwishi River, the project is expected to become a catalyst for economic growth

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International News Oil Petroleum

South Africa Raises Petrol Prices as Global Oil Tops $100 and Fuel Levy Relief Is Rolled Back

South Africa Faces Higher Fuel Costs as Oil Prices Surge and Government Scales Back Relief Measures South Africa is set to face higher fuel costs as global oil prices climb above $100 per barrel and government support measures are scaled back, increasing pressure on households and businesses in the country’s already strained economy. From June 3, petrol prices will rise by R1.43 per litre, according to the Department of Mineral and Petroleum Resources (DMPR). The

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Corporate News Diamonds International

Lucara Reports Robust 2025 Performance and Major Progress on Karowe Underground Expansion

Lucara’s Karowe Mine Delivers Strong 2025 Output as Underground Expansion Advances Toward 2038 Life Extension Lucara Diamond Corp recorded a strong operational performance in 2025 at its Karowe Mine in Botswana, processing 2.79 million tonnes of ore and recovering 354,467 carats of diamonds. The production included a significant number of large, high-value stones that continue to reinforce Karowe’s global reputation as a premier diamond source. During the year, the mine recovered 772 “special” diamonds weighing

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International Corporate News Oil

Puma Energy Reaffirms Investment Push in Mozambique’s Energy Transition and CNG Expansion

Puma Energy to Expand Mozambique Operations With Focus on CNG, Carbon Projects and Rural Fuel Access Mozambique’s energy sector development particularly in compressed natural gas (CNG), energy transition initiatives, and carbon-related environmental projects featured prominently on Wednesday during a meeting in Maputo between President Daniel Chapo and Puma Energy Chief Executive Officer Mark Russell. The company reaffirmed its commitment to expanding investment in Mozambique, highlighting the country’s growing potential in energy development and sustainability-linked initiatives

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Corporate News Gas International

Rovuma LNG Expected to Transform Mozambique Economy With Multi-Billion-Dollar Annual Gains

Rovuma LNG Project May Boost Mozambique GDP by $11 Billion a Year, Says Standard Bank Study Standard Bank’s Mozambican subsidiary says the Rovuma LNG project, led by US energy major ExxonMobil in the Rovuma Basin in northern Cabo Delgado province, could significantly transform Mozambique’s economy, adding an estimated average of US$11 billion to GDP annually. The project, which is nearing a final investment decision (FID), is expected to generate up to US$150 billion in total

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International Corporate News Oil

TotalEnergies Local Procurement Tops US$141 Million as Namibia Supplier Base Expands

TotalEnergies Spends US$141 Million on Namibian Suppliers, Expands Local Content Drive TotalEnergies has spent more than US$141 million on locally sourced goods and services since 2022 as it intensifies efforts to increase Namibian participation in the country’s emerging oil and gas industry. Speaking at an Upstream Oil and Gas Local Suppliers Workshop, TotalEnergies Lead for Contracts, Procurement, Engineering and Local Content, Veronica Mungonena, said the company’s local supplier network has expanded significantly over the past

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