Vital Industry News
Angola Reaffirms Commitment to Private Investment in Oil and Gas Sector Galp Returns to Angola’s Oil Exploration Sector with New Investment Plans Vietnamese Investor Plans Major Projects in Angola to Create 50,000 Jobs Austrian Energy Firm Discovers 195 Million Barrels of Oil in Africa’s Largest Oil Basin Ghana Advances Oil Refining Ambitions with $1.98 Billion Private Refinery Project Botswana Considers Buying Into De Beers as Anglo American Selects Preferred Bidder IEA Warns Strait of Hormuz Crisis Could Threaten Global Energy Security Grid Gap in Focus as Southern African Utility Leaders Join AEW Power Africa Today Nova Africa Plans $21 Million Restart of Botswana Gold Mine Trafigura Withdraws from Angola’s $2 Billion Power Project Amid Development Challenges
Local Gas News Oil

Angola Reaffirms Commitment to Private Investment in Oil and Gas Sector

Local Corporate News Oil

Galp Returns to Angola’s Oil Exploration Sector with New Investment Plans

Local Economy News

Vietnamese Investor Plans Major Projects in Angola to Create 50,000 Jobs

More Angolan Mining News

Local Gas News Oil

Angola Reaffirms Commitment to Private Investment in Oil and Gas Sector

Angola Keeps Oil and Gas Sector Open to Private Investment to Drive Growth and Exploration…
Local Corporate News Oil

Galp Returns to Angola’s Oil Exploration Sector with New Investment Plans

Portuguese Energy Company Galp Returns to Angola Oil Exploration as Sonangol Partnership Strengthens Portuguese energy…
Local Economy News

Vietnamese Investor Plans Major Projects in Angola to Create 50,000 Jobs

Vietnamese Tycoon Announces Multi-Sector Investments Across Six Angolan Provinces to Create 50,000 Jobs A Vietnamese…
International News Oil

Austrian Energy Firm Discovers 195 Million Barrels of Oil in Africa’s Largest Oil Basin

Austrian Energy Company Makes Major 195 Million Barrel Oil Discovery in Africa’s Largest Oil Region…
International News Oil

Ghana Advances Oil Refining Ambitions with $1.98 Billion Private Refinery Project

Ghana’s $1.98 Billion Private Oil Refinery Set to Transform Domestic Fuel Production and Reduce Imports…
Diamonds Corporate News International

Botswana Considers Buying Into De Beers as Anglo American Selects Preferred Bidder

Botswana Weighs De Beers Stake Purchase After Anglo American Picks Preferred Buyer Anglo American has…
Corporate News International Oil

Nigeria Offers Shell New Incentives to Accelerate $20 Billion Offshore Oil Project

Nigeria Introduces Tax Incentives to Fast-Track Shell’s $20 Billion Bonga South West Oil Development Nigeria has introduced new investment incentives aimed at accelerating the development of Shell’s Bonga Southwest Aparo (BSWA) deepwater oil project, a major offshore development expected to attract around US$20 billion in investment. The incentives are designed to improve the project’s commercial viability and encourage Shell and its partners to move forward with a Final Investment Decision (FID) after years of delays.

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International Corporate News Oil

Dangote Refinery Moves to Dollar-Based Fuel Pricing Amid Currency and Supply Pressures

Africa’s Largest Oil Refinery Switches to US Dollar Pricing for Fuel Sales in Nigeria Nigeria’s Dangote Petroleum Refinery, the largest oil refinery in Africa, has introduced a new pricing system that links the sale of refined petroleum products to the US dollar. The move replaces the previous naira-based pricing structure and is aimed at managing foreign exchange risks associated with crude oil purchases, operational costs and international market fluctuations. The refinery’s decision comes as it

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Local News Oil

Angola’s Oil Industry Rebounds in 2026 as Deepwater Investment Drives Production Revival

Angola Oil Sector Gains New Momentum in 2026 as Deepwater Projects Attract Billions in Investment Angola’s oil industry is entering a new phase of recovery in 2026, supported by renewed investment in offshore projects, increased exploration activity and stronger confidence from international oil companies. After several years of declining production caused by maturing fields and limited new developments, Angola’s deepwater sector is regaining momentum. Major oil producers are extending their commitments in the country, while

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Gas Local News

Angola LNG Plant Begins 32-Day Maintenance Shutdown as Gas Production Temporarily Falls

Angola LNG has temporarily halted operations at its Soyo facility for a 32-day maintenance programme, reducing LNG production while ensuring long-term reliability of the gas plant Angola LNG has temporarily suspended operations at its liquefied natural gas (LNG) plant in Soyo, Zaire Province, to carry out scheduled maintenance work aimed at improving the reliability, safety and efficiency of its facilities. The maintenance programme is part of a planned intervention involving the Angola LNG plant, the

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Local Economy News

Angola Adds Chinese Yuan to Approved Foreign Currency Reserves

Angola Approves Chinese Yuan for Foreign Currency Reserves as Ties with China Deepen Angola’s central bank has authorised commercial banks to use the Chinese yuan as part of their foreign currency reserve requirements, marking a further step in strengthening financial and economic relations between Angola and China. The decision allows banks operating in Angola to hold yuan, alongside other approved currencies, to meet mandatory foreign exchange reserve obligations. The move is expected to support liquidity

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International Corporate News Oil

ExxonMobil Restarts Nigeria Drilling Campaign With $1 Billion Usan Oil Project

ExxonMobil Returns to Nigeria’s Deepwater Oil Sector With $1 Billion Investment Plan ExxonMobil is returning to Nigeria’s deepwater oil sector with a planned $1 billion investment in the Usan Infill Project, marking the company’s first major drilling campaign in the country in nearly a decade. The project, located in Oil Mining Lease (OML) 138 offshore Nigeria, is expected to increase crude oil production by approximately 40,000 barrels per day and strengthen output from the Usan

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Diamonds Corporate News International

Botswana Discovers One of the World’s Largest Diamonds in Latest Mining Breakthrough

Botswana Unearths 1,305-Carat Diamond in Another Historic Discovery at Karowe Mine Botswana has uncovered a massive 1,305-carat diamond at the Karowe Diamond Mine, marking another major discovery for the country’s world-renowned diamond industry. The exceptional gemstone was recovered by Lucara Diamond Corp, the operator of the Karowe mine in Botswana, using advanced X-ray transmission (XRT) technology designed to identify and recover large, high-value diamonds while reducing the risk of damage during processing. The discovery adds

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Corporate News Diamonds International

De Beers Pauses Venetia Diamond Mine Operations as Industry Faces Falling Demand

De Beers Suspends Operations at South Africa’s Largest Diamond Mine Amid Global Market Downturn De Beers has suspended operations at the Venetia diamond mine in South Africa, the country’s largest diamond-producing operation, as the company responds to a prolonged downturn in the global diamond market. The temporary shutdown is part of a wider cost-reduction strategy as the diamond industry faces weaker consumer demand, declining prices, and increasing competition from lab-grown diamonds. The Venetia mine, located

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International Gas Oil

South Africa Revisits Long-Delayed Offshore Oil Strategy Amid Growing Energy Security Concerns

South Africa Revives Offshore Oil Exploration Plans as Global Energy Demand Drives New Interest South Africa is reviving plans to explore offshore oil and gas resources that were first considered decades ago, as the country seeks to strengthen energy security and attract investment into its upstream sector. The exploration strategy, initially developed during the apartheid era, has gained renewed attention as global energy markets shift and countries look to secure reliable domestic energy supplies. Advances

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Local Energy News

Angola Approves 30-Year Electricity Corridor to Supply Power to DRC

Angola Grants Somagec 30-Year Power Transmission Deal to Export Electricity to DR Congo Angola has granted Somagec Energy Holding Limited (SEHL) a 30-year concession to develop and operate an electricity transmission system that will enable power exports to the Democratic Republic of Congo (DRC). The project, known as the Northern Corridor, will also strengthen electricity supply to Angola’s Cabinda Province. The concession was awarded under a Build, Own, Operate and Transfer (BOOT) model, allowing Somagec

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