Vital Industry News
Global Oil Prices Surge Amid Rising Tensions in the Middle East Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves Lucara Reports Lower 2025 Earnings as Karowe Underground Expansion Advances Cascade Natural Resources Boosts Investment in Pensana to Accelerate Longonjo Rare Earths Project Seplat Accelerates Production Growth with Idle Well Revival Program Eni Raises Stake in Algeria’s Touat Gas Field to 42.9% After Engie Exit Nigeria Restructures OPL 245, Clearing Path for Shell and Eni Development Port of Lobito Extends Timoneiro Concession for Towing and Marine Operations Angola’s MIREMPET Assesses Mining and Oil Potential in Icolo & Bengo Province
Oil Economy International News

Global Oil Prices Surge Amid Rising Tensions in the Middle East

International News Oil

Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa

Gold Economy International

Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves

More Angolan Mining News

Oil Economy International News

Global Oil Prices Surge Amid Rising Tensions in the Middle East

Oil Prices Jump Above $114 as Strait of Hormuz Disruptions Trigger Global Energy Market Fears…
International News Oil

Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa

Oil Price Surge After US Strikes on Iran Threatens Higher Fuel Costs and Inflation Across…
Gold Economy International

Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves

Uganda Central Bank Begins Gold Buying Programme as Global Prices Surge Past $5,000 The Bank…
Diamonds Corporate News International

Lucara Reports Lower 2025 Earnings as Karowe Underground Expansion Advances

Lucara Diamond Revenue Falls in 2025 as Botswana’s Karowe Underground Project Requires Additional Funding Canada-listed…
Local Corporate News Mining Projects

Cascade Natural Resources Boosts Investment in Pensana to Accelerate Longonjo Rare Earths Project

Cascade Natural Resources Raises Pensana Investment to $165M to Support Angola’s Longonjo Rare Earths Mine…
Corporate News International Oil

Seplat Accelerates Production Growth with Idle Well Revival Program

Seplat Restores 49 Idle Wells, Targets 50 More as Offshore Output Surges After ExxonMobil Asset…
International Corporate News Gas

Halliburton Secures Contract from Shell for HI Gas Project Offshore Nigeria

Halliburton Wins Shell Contract for HI Gas Project to Boost Nigeria’s LNG Supply Halliburton has announced that the Shell Nigeria Exploration and Production Company (SNEPCo) has awarded it a major contract to deliver integrated drilling services for the HI gas project, located in the shallow waters of OML 144 off the Niger Delta coast. The Houston-based oilfield services company said it will deploy remote operations and automated drilling technologies to enhance safety, reduce operational costs,

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International Renewable Energy

Nigeria Secures $500 Million for Solar Manufacturing Plants, Begins Exporting Panels to Ghana

Nigeria Invests $500 Million to Boost Solar Manufacturing and Export Locally Made Panels to Ghana Nigeria’s Minister of Power, Adebayo Adelabu, has announced that the Federal Government, in collaboration with state governors and private investors, has secured about $500 million to establish solar manufacturing plants across the country. Adelabu revealed that Nigeria has begun exporting locally produced solar panels to Ghana, marking a major milestone in the nation’s push toward renewable energy independence and regional

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International Corporate News Oil

Libya’s NOC Announces Major Oil Discovery in Ghadames Basin

Libyan National Oil Corporation Discovers New Oil Well Producing 4,675 Barrels Daily in Ghadames Basin The Libyan National Oil Corporation (NOC) has announced a significant oil discovery in an exploratory well located south of the Western Mountain in the Ghadames Basin, approximately 450 kilometers southwest of Tripoli. According to the NOC, the newly drilled well is estimated to produce around 4,675 barrels of crude oil and 2 million cubic feet of natural gas per day.

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Corporate News International Oil

Chevron Expands West African Portfolio with Offshore Exploration in Guinea-Bissau

Chevron to Explore Offshore Oil and Gas in Guinea-Bissau’s MSGBC Basin Chevron has announced plans to explore oil and gas reserves offshore Guinea-Bissau, targeting two key blocks within the highly prospective MSGBC Basin. The MSGBC Basin spanning Mauritania, Senegal, The Gambia, Guinea-Bissau, and Guinea-Conakry has become one of West Africa’s most promising hydrocarbon regions, attracting significant industry attention after several major discoveries in recent years. Liz Schwarze, Chevron’s Vice President for Exploration, expressed enthusiasm about

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Corporate News Diamonds International

De Beers Q3 Diamond Production Surges 38% Led by Botswana Mines

De Beers Reports 38% Increase in Q3 Diamond Output, Driven by Jwaneng Mine Diamond miner De Beers produced 7.7 million carats in the third quarter ended September 30, marking a 38% year-on-year increase. The growth was primarily driven by higher output from its Jwaneng mine in Botswana. Operations in Botswana saw a 51% year-on-year rise in diamond production, totaling six million carats for the quarter. De Beers attributed the increase to the processing of higher-grade

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Renewable Energy International

Zambia Launches $245 Million, 200 MW Solar Project to Boost Clean Energy

Zambia Breaks Ground on 200 MW Solar Plant in Mumbwa to Reduce Hydropower Dependence Zambia has taken a major step toward energy diversification with the groundbreaking of a US$245 million, 200-megawatt solar power plant in Chief Moono’s Chiefdom, Mumbwa District. The ceremony was officiated by Minister of Energy, Honourable Makozo Chikote, MP, who described the project as a milestone in Zambia’s transition toward renewable energy and reduced reliance on hydropower. Minister Chikote highlighted that several

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Diamonds Corporate News International

De Beers Appoints Kevin Smith as Interim COO Following Burger Greeff’s Retirement

De Beers Names Kevin Smith Interim COO as Veteran Executive Burger Greeff Retires De Beers has appointed Kevin Smith, currently Executive VP of Corporate Affairs & Strategy, as interim Chief Operating Officer (COO), effective 1 December 2025. He succeeds Burger Greeff, who is retiring after 30 years with the group. “As COO, Burger has brought integrity, strategic foresight, and unwavering commitment to our purpose. His contributions have helped shape our operations and inspired many across

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Diamonds Corporate News Local

Botswana and Angola Explore Joint Bid for De Beers Amid Diamond Industry Shake-Up

Botswana and Angola Meet to Discuss Cooperation on De Beers Sale as Africa’s Diamond Market Shifts Botswana and Angola held high-level talks in Gaborone, Botswana, as both countries position themselves to gain control of De Beers, the diamond unit that Anglo American is selling as part of a corporate restructuring. Botswana’s Mines Minister Bogolo Joy Kenewendo and Angola’s Mineral Resources Minister Diamantino Pedro Azevedo met privately for approximately 40 minutes before making brief comments to

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International Corporate News Gas

IRH, Delfin LNG and Vitol Forge 20-Year LNG Sale and Purchase Agreement

International Resources Holding RSC Ltd. (IRH), a leading mine-to-market platform and subsidiary of ePointZero, has signed a 20-year Heads of Agreement (HoA) with Delfin LNG LLC (Delfin) and Vitol Inc. (Vitol) for the purchase and sale of 1.0 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Delfin’s export facility in the United States. Under the agreement, Delfin LNG, a leading U.S.-based export infrastructure company, will supply LNG on a free-on-board (FOB) basis

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International Corporate News Oil

Tullow Oil Accelerates Jubilee Field Drilling Campaign Offshore Ghana with Noble Venturer Drillship

Tullow Oil to Bring Second Jubilee Well Online by Year-End as Noble Venturer Drillship Expands Offshore Ghana Drilling Tullow Oil, the UK-headquartered independent energy company, is advancing its 2025/26 drilling campaign at the Jubilee oilfield offshore Ghana, with plans to bring its second producer well online by the end of 2025. The development follows strong production results from the campaign’s first well and is being executed using the Noble Venturer drillship, owned by U.S.-based Noble

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