Vital Industry News
Alrosa Swings to $110 Million H1 Loss Amid Weak Diamond Market Dangote Refinery Faces Rising Petrol Imports as 43% of Nigeria’s July Supply Comes From Abroad Kamoa-Kakula Switches On 233MW Solar-Battery System for 24/7 Power DRC President Reassures on $1.26 Billion Dilolo-Sakania Railway Concession Central African Republic Inaugurates 50 MW Sakaï Solar-Storage Plant Geoex MCG Expands Offshore Venezuela Seismic Programme into Frontier Areas Chevron Signs Production-Sharing Agreement for Libya’s Sirte Basin Block Angola Advances First Gold Refinery Towards End-2026 Launch Angola Secures €665 Million Financing for Luena-Saurimo Railway Project Dangote Refinery Secures $1 Billion Backing Ahead of Planned IPO
International Corporate News Diamonds

Alrosa Swings to $110 Million H1 Loss Amid Weak Diamond Market

International Corporate News Oil

Dangote Refinery Faces Rising Petrol Imports as 43% of Nigeria’s July Supply Comes From Abroad

International Renewable Energy

Kamoa-Kakula Switches On 233MW Solar-Battery System for 24/7 Power

More Angolan Mining News

International Corporate News Diamonds

Alrosa Swings to $110 Million H1 Loss Amid Weak Diamond Market

Alrosa Swings to $110 Million H1 Loss as Weak Diamond Market and Strong Rouble Hit…
International Corporate News Oil

Dangote Refinery Faces Rising Petrol Imports as 43% of Nigeria’s July Supply Comes From Abroad

Nigeria’s Petrol Imports Surge to 43% of Supply, Pushing Dangote Refinery to Export Surplus Fuel…
International Renewable Energy

Kamoa-Kakula Switches On 233MW Solar-Battery System for 24/7 Power

DRC’s Kamoa-Kakula Begins 24/7 Solar Power From 233MW Renewable Energy System The Kamoa-Kakula Copper Complex…
International News Transport and Logistics

DRC President Reassures on $1.26 Billion Dilolo-Sakania Railway Concession

DRC Secures $1.26bn Railway Investment as Tshisekedi Clarifies Dilolo-Sakania Concession DRC President Félix Tshisekedi has…
International News Renewable Energy

Central African Republic Inaugurates 50 MW Sakaï Solar-Storage Plant

Central African Republic Inaugurates 50 MW Solar Plant with Battery Storage to Boost Electricity Supply…
International Corporate News Oil

Geoex MCG Expands Offshore Venezuela Seismic Programme into Frontier Areas

Geoex MCG Expands Venezuela Offshore Seismic Programme into Frontier Oil and Gas Areas Global subsurface…
Corporate News Gas International Oil

Sintana Energy Expands Namibia Footprint with $6.5 Million Maravilla Deal

Sintana Energy Expands Namibia Exploration with $6.5 Million Maravilla Deal Canadian-listed oil and gas company Sintana Energy is expanding its exploration footprint in Namibia after signing definitive agreements to acquire a 44% stake in Maravilla Oil & Gas, giving it indirect exposure to a major offshore exploration licence in the Walvis Basin. The transaction, valued at $6.5 million, will give Sintana an indirect 35% interest in Petroleum Exploration Licence 37 (PEL 37) through Maravilla’s 80%

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International Corporate News Oil

Petrobras Advances Talks for Four Offshore Blocks in Ghana

Petrobras Enters Talks for Four Offshore Oil and Gas Blocks in Ghana’s Keta Basin Brazilian state-owned energy company Petrobras is expanding its exploration footprint in West Africa after receiving approval to negotiate contracts for four offshore blocks in Ghana’s Keta Basin. Ghana’s Ministry of Energy and Green Transition has approved Petrobras’ application, allowing the company to enter direct negotiations over exploration contracts for the blocks. The move is part of Petrobras’ strategy to replenish its

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International News Oil

Egypt Approves New Oil and Gas Free Zone in New Alamein

Egypt Approves New Oil and Gas Free Zone in New Alamein to Boost Petroleum Trading Egypt has approved the establishment of a new special free zone in New Alamein City dedicated to the storage and trading of crude oil and petroleum products. The zone will be operated by Fujairah Alamein Oil and Gas Company, an Egyptian Emirati joint-stock company, under Cabinet Resolution No. 65 of 2026. The facility will cover approximately 738,000 square metres in

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International Corporate News Gas

Panoro Energy Enters Côte d’Ivoire with $80 Million Offshore Gas Acquisition

Panoro Energy Enters Côte d’Ivoire with $80 Million Offshore Gas Acquisition Panoro Energy is expanding its African upstream portfolio into Côte d’Ivoire after agreeing to acquire an indirect 9.09% interest in the producing offshore Block CI-27 from Norwegian energy company DNO ASA for $80 million. The transaction, expected to close in autumn 2026, marks Panoro’s entry into Côte d’Ivoire and strengthens its position as a growing independent African oil and gas producer. Block CI-27 is

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Gold Corporate News Local

MPOPO Gold Targets 200 Kilograms of Annual Gold Production in Angola

MPOPO Gold Targets 200 Kilograms of Annual Gold Production in Angola by 2028 Angolan gold producer MPOPO Gold is stepping up efforts to expand production, with the company targeting annual output of between 150 and 200 kilograms of gold under its 2027–2028 strategic plan. The strategy includes completing the second phase of its industrial processing plant, updating its geological model, strengthening mine planning and introducing measures to improve production recovery. The company also plans to

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Local Expos & Events News

Angola to Lead High-Level Mining Investment Panel at Africa Down Under in Australia

Angola to Showcase Critical Minerals Investment Opportunities at Africa Down Under 2026 in Australia Angola is set to take centre stage at the 24th Africa Down Under Mining Sector Conference in Perth, Western Australia, with the country hosting a high-level panel focused on investment and development opportunities in the critical minerals sector. The panel will form part of the inaugural Australia-Angola Business Forum, scheduled for September 3 during “Angola Day” at Africa Down Under. The

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International News Renewable Energy

Zambia Approves $971.5 Million in Energy Investments as Power Shortage Persists

Zambia Approves $971.5 Million in Energy Projects Amid Power Deficit Zambia’s Energy Regulation Board (ERB) has approved energy-sector investments worth approximately ZMW18.4 billion ($971.5 million), covering electricity, renewable energy and downstream petroleum activities. The approvals include 23 licences, 20 construction permits and additional licence inclusions, marking a significant expansion of investment activity across Zambia’s energy sector. The authorised projects cover renewable energy equipment manufacturing and supply, petroleum transportation and distribution, lubricant imports and blending, as

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Corporate News Gas International Oil

DNO Sells Côte d’Ivoire Oil and Gas Assets to Panoro Energy for $86.5 Million

DNO Sells Côte d’Ivoire Assets to Panoro Energy in $86.5 Million Deal Norwegian oil and gas company DNO ASA has agreed to sell its Côte d’Ivoire business to Panoro Energy ASA for a total consideration of $86.5 million, as it streamlines its international portfolio and focuses capital on its core operations. The transaction involves the sale of DNO CI LLC, the company through which DNO holds its interests in Côte d’Ivoire. The consideration comprises $65.1

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Corporate News International Oil

Equinor Enters Namibia’s Offshore Oil Sector with 17.4% Stake in Orange Basin Block

Equinor Acquires 17.4% Stake in Namibia’s Orange Basin Oil Block Norwegian energy company Equinor is entering Namibia’s upstream oil and gas sector after agreeing to acquire a 17.4% participating interest in Petroleum Exploration Licence 90 (PEL 90) from Harmattan Energy Limited, a subsidiary of US energy major Chevron. The transaction marks Equinor’s first entry into Namibia and gives the company exposure to the highly prospective Orange Basin, one of Africa’s most closely watched offshore exploration

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Diamonds International News

Botswana’s 2,488-Carat Motswedi Diamond Finds Buyer After Two Decades

Botswana’s 2,488-Carat Motswedi Diamond Sold After 20 Years Without a Buyer Botswana’s 2,488-carat Motswedi diamond, one of the largest gem-quality diamonds ever discovered, has finally found a buyer nearly two decades after it was recovered. The exceptional stone was discovered in 2005 at the Jwaneng diamond mine, one of the world’s most significant diamond operations. Despite its extraordinary size, the diamond remained unsold for almost 20 years as potential buyers were reportedly unable to agree

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