Vital Industry News
Shell Concludes Latest Namibia Drilling Campaign While Continuing Offshore Oil Evaluation World Bank Approves $875 Million Package to Accelerate Côte d’Ivoire’s Gas Development Renaissance Energy Makes Major Oil Discovery in Nigeria’s Offshore OML 74 Nigeria Surpasses OPEC Oil Production Quota as Crude Output Reaches Six-Year High South Africa Plans Major Expansion of Strategic Oil Reserves to Strengthen Energy Security De Beers Suspends Production at South Africa’s Venetia Diamond Mine Amid Market Downturn DRC Chooses Mota-Engil for Lobito Corridor Railway Upgrade to Boost Copper and Cobalt Exports Dangote Unveils Funding Plan for Major Kenya Refinery Project Hengli Reduces Refinery Activity After Cancelling West African Oil Cargoes Kosmos Energy Increases Jubilee Output After Successful Ghana Well Start-Up
Corporate News International Oil

Shell Concludes Latest Namibia Drilling Campaign While Continuing Offshore Oil Evaluation

International Gas News

World Bank Approves $875 Million Package to Accelerate Côte d’Ivoire’s Gas Development

International Corporate News Oil

Renaissance Energy Makes Major Oil Discovery in Nigeria’s Offshore OML 74

More Angolan Mining News

Corporate News International Oil

Shell Concludes Latest Namibia Drilling Campaign While Continuing Offshore Oil Evaluation

Shell Completes Namibia Offshore Exploration Campaign as Orange Basin Oil Potential Grows Shell has completed…
International Gas News

World Bank Approves $875 Million Package to Accelerate Côte d’Ivoire’s Gas Development

Côte d’Ivoire Secures $875 Million World Bank Support to Expand Gas Sector and Boost Energy…
International Corporate News Oil

Renaissance Energy Makes Major Oil Discovery in Nigeria’s Offshore OML 74

Renaissance Africa Energy Discovers Oil Offshore Nigeria, Boosting Indigenous Exploration Efforts Renaissance Africa Energy Company…
Corporate News International Oil

Nigeria Surpasses OPEC Oil Production Quota as Crude Output Reaches Six-Year High

Nigeria’s Oil Production Hits 1.56 Million Barrels Per Day, Exceeding OPEC Quota After Six-Year Recovery…
International News Oil

South Africa Plans Major Expansion of Strategic Oil Reserves to Strengthen Energy Security

South Africa Proposes 60-Day Strategic Oil Reserve Plan to Protect Against Global Supply Disruptions South…
Corporate News Diamonds International

De Beers Suspends Production at South Africa’s Venetia Diamond Mine Amid Market Downturn

De Beers to Halt Venetia Diamond Mine Production for Two Years as Weak Demand Reshapes…
International News Oil

East Africa’s EACOP Pipeline Nears Completion Ahead of Uganda’s First Oil Exports

Uganda’s EACOP Pipeline Nears Completion as First Crude Oil Exports Targeted for 2026 Construction of the East African Crude Oil Pipeline (EACOP) is entering its final phase, with Uganda and Tanzania preparing for the start of crude oil exports through the cross-border project. The 1,443-kilometre heated pipeline will transport crude oil from Uganda’s Lake Albert Basin to the port of Tanga on Tanzania’s Indian Ocean coast, where it will be shipped to international markets.  Developers

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Corporate News Gas International

Eni and Libya’s NOC Begin Production From Sabratha Gas Compression Project

Eni Starts Gas Production From Sabratha Compression Project to Boost Libya’s Offshore Output Eni, in partnership with Libya’s National Oil Corporation (NOC) through the Mellitah Oil & Gas joint venture, has commenced hydrocarbon production from the Sabratha Compression Project, a major offshore development designed to extend production from the Bahr Essalam gas field. The project represents an important step in efforts to maximise recovery from the mature offshore field and maintain long-term gas production capacity

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Local Economy News

DRC and Angola Central Banks Sign Cooperation Agreement to Deepen Financial Integration

DRC and Angola Central Banks Sign MoU to Boost Cross-Border Payments, Financial Integration and Trade The Central Bank of Congo (BCC) and the National Bank of Angola (BNA) have signed a memorandum of understanding (MoU) to strengthen financial and monetary cooperation between the Democratic Republic of Congo (DRC) and Angola, marking a significant step toward deeper regional economic integration. The agreement was signed on July 8, 2026, in Luanda by BCC Governor André Wameso Nkualoloki

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Local Corporate News Oil

Afentra Advances Angola Growth Strategy with Drilling, Asset Expansion and New Exploration

Afentra Accelerates Angola Growth Plans with Block 3/05 Drilling and Increased Offshore Stakes Aim-listed Afentra is accelerating its growth strategy in Angola, advancing drilling activities, expanding its offshore portfolio and progressing exploration across key assets following a strategic review that reaffirmed its commitment to remain an independent exploration and production company. At the company’s flagship Block 3/05 asset, the 2026 infill drilling campaign is under way, with drilling of the Pacassa SW well in progress.

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Corporate News Gold International

Lake Victoria Gold Appoints EPCM Contractor to Advance Imwelo Gold Project in Tanzania

Lake Victoria Gold Moves Imwelo Gold Project Closer to Construction with EPCM Appointment Lake Victoria Gold has appointed City Engineering Company (CECL) as the primary engineering, procurement and construction management (EPCM) contractor for its Imwelo gold project in northwestern Tanzania. The appointment, made through Lake Victoria Gold’s subsidiary Tembo Gold, which holds Mining Licence ML 538/2015 for Imwelo, was approved by Tanzania’s Mining Commission on June 29 and complies with the country’s 2018 Mining Regulations.

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Corporate News Oil Renewable Energy

TotalEnergies Plans 7.1 MW Solar Plant to Support Mozambique LNG Project

otalEnergies Launches Tender for 7.1 MW Solar Facility at Mozambique LNG Site in Cabo Delgado TotalEnergies plans to develop a 7.1 MW photovoltaic solar plant at its Mozambique LNG project in Cabo Delgado as part of efforts to support energy needs at the liquefied natural gas (LNG) facility. The company has issued a request for expressions of interest (EOI) for engineering, procurement and construction services for the solar project, which will be located at Afungi

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International Gas News Oil

Mozambique and Tanzania Deepen Oil and Gas Cooperation Through New Regulatory Partnership

Mozambique and Tanzania Regulators Sign MoU to Strengthen Oil and Gas Sector Governance and Expertise Sharing Mozambique’s National Petroleum Institute of Mozambique (INP) and Tanzania’s Petroleum Upstream Regulatory Authority (PURA) have signed a memorandum of understanding (MoU) in Maputo to strengthen cooperation and build regulatory capacity in the oil and gas sector. The agreement provides a framework for technical collaboration, allowing the two regulators to exchange knowledge, expertise and best practices in key areas, including

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Corporate News International Oil

Petrobras Agrees to Restore 335 Offshore Wells Under Safety Compliance Deal

Petrobras Signs Agreement to Bring 335 Offshore Wells into Environmental and Safety Compliance by 2030 Brazilian state-owned oil company Petrobras has signed an agreement with Brazil’s oil regulator, the National Agency of Petroleum, Natural Gas and Biofuels (ANP), committing to bring 335 temporarily abandoned offshore wells into compliance with environmental and operational safety regulations. The agreement, announced by both parties on Tuesday, follows negotiations between Petrobras and the regulator aimed at ensuring the safe management

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Diamonds International News

Dubai Diamond Exchange and London Diamond Bourse Sign Partnership to Boost Global Diamond Trade

Dubai Diamond Exchange and London Diamond Bourse Forge Strategic Partnership to Strengthen Global Diamond Trading The Dubai Multi Commodities Centre (DMCC), the international business district that facilitates global trade through Dubai, has announced the signing of a memorandum of understanding (MoU) between the Dubai Diamond Exchange (DDE) and the London Diamond Bourse (LDB) to strengthen cooperation between the two trading centres and expand opportunities for their members. The agreement establishes a framework for closer collaboration,

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Local News Transport and Logistics

Lobito Corridor Railway Secures $753 Million Financing to Boost Regional Trade Links

Angola’s Lobito Corridor Railway Project Reaches $753 Million Financial Close to Expand African Trade Connectivity The Lobito Corridor railway project in Angola has reached financial close after securing $753 million in funding, marking a major milestone for one of Africa’s most important regional transport infrastructure initiatives. The financing will support the rehabilitation, upgrade and long-term operation of the 1,300-kilometre railway corridor linking the Port of Lobito in Angola to the border with the Democratic Republic

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