Vital Industry News
Sodiam Raises $25.8 Million in 16th Rough Diamond Auction Shell Reaffirms Commitment to Reviving Angola’s Oil Production Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions 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
Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

Corporate News Local Oil

Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port

More Angolan Mining News

Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Angola’s Sodiam Generates $25.8 Million in Rough Diamond Auction, Surpassing Expectations Angola’s National Diamond Trading…
Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

Shell Pledges Support for Angola’s Oil Production Revival as Company Returns After 20 Years Shell…
Corporate News Local Oil

Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port

Sonangol Tanker Hit by Explosion Near Iraq’s Khor al Zubair Port; Crew Safe and Vessel…
Local Energy News

Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection

Angola and Namibia Strengthen Energy Ties, Discuss Power Interconnection and Baynes Hydroelectric ProjectAngola and Namibia…
International News Oil

Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium

Oil Surges 25% to Highest Since 2022 Amid Iran War, Driving Vegoils and Aluminium Prices…
Gold International

Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions

Ghana’s GoldBod Plans Backup Export Routes as Dubai Flight Disruptions Threaten Artisanal Gold Trade Ghana’s…
Corporate News Gas Oil

ExxonMobil Signs Deal with Gabon to Explore Offshore Oil and Gas Reserves

ExxonMobil Expands African Presence with New Offshore Exploration Agreement in Gabon ExxonMobil has announced the signing of a memorandum of understanding (MoU) with the Government of Gabon to explore offshore oil and gas reserves along the country’s Central African coast. The non-binding agreement marks ExxonMobil’s renewed effort to expand its presence across Africa. The U.S. energy giant already operates in Nigeria, Angola, and Mozambique but exited Equatorial Guinea in 2022. According to an ExxonMobil spokesperson,

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Corporate News International Oil

Sonatrach Resumes Oil and Gas Exploration in Libya’s Ghadames Basin After Decade-Long Pause

Sonatrach Restarts Libya Drilling in Ghadames Basin, Targets New Oil and Gas Discovery Algeria’s state energy company Sonatrach has resumed oil and gas exploration activities in Libya’s Ghadames Basin, according to the National Oil Corporation (NOC). The renewed project is located in Block 95/96, near the Algerian-Libyan border and approximately 100 kilometers from the Wafa field. Sonatrach had suspended operations in May 2014 due to security concerns but now plans to drill to a target

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International Corporate News Oil

Rhino Resources Accelerates Namibia Oil Push with 2025 Appraisal Well and Flow Test Plans

Rhino Resources Targets First Oil in Namibia, Challenges TotalEnergies with 2025 Drilling Campaign Rhino Resources, an emerging African oil and gas company, is preparing to drill an appraisal well in Namibia next year and conduct a flow test on a recent discovery as it races alongside TotalEnergies to bring the country’s first offshore oil to market, CEO Travis Smithard said. The company plans to drill the appraisal well at Capricornus, where it previously encountered light

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Local Economy Governance Oil

President Lourenço Pushes Angola’s Oil Expansion as Experts Urge Faster Economic Diversification

João Lourenço Highlights Angola’s Oil Sector Progress; Experts Call for Acceleration Amid Global Energy Transition Luanda, Angola — In his State of the Nation Address marking the opening of the 2025–2026 parliamentary year, President João Lourenço outlined the progress achieved through ongoing reforms in Angola’s oil and gas sector, emphasizing the country’s commitment to energy development and economic diversification. The President highlighted the successful implementation of the 2019–2025 Oil Concession Allocation Strategy, which has already

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Oil Economy Local News

Angola’s Oil Export Earnings Drop 22% in Q3 Amid Global Price Volatility

Angola Earns $6.2 Billion from Oil Exports in Q3 2025, Down 22% from Last Year Luanda, Angola — Angola earned US$6.2 billion from crude oil exports in the third quarter of 2025, marking a 22.24% decline compared to the same period in 2024, according to data released on Thursday by the Ministry of Mineral Resources, Oil and Gas. The report revealed that Angola exported approximately 91 million barrels of crude oil between July and September

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Local Energy News

Angola Poised to Export Surplus Power as President Lourenço Calls for Regional Energy Cooperation

President João Lourenço: Angola Ready to Share Surplus Electricity with Neighboring Countries Luanda, Angola — President João Lourenço announced on Tuesday that Angola now has the capacity to generate enough electricity to meet domestic demand and is prepared to export surplus power to neighboring countries, provided there is investor interest in developing transmission infrastructure. Speaking at the opening of the 3rd Summit for Infrastructure Financing in Africa, held in Luanda and running until Friday, Lourenço

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International News Oil

Tanzania Launches $420 Million Synthetic Fuel Project to Rival Dangote’s Refinery Dominance

Tanzania Unveils $420 Million Gas-to-Liquid Plant, Set to Challenge Dangote in Africa’s Jet Fuel Market Tanzania has announced plans for an ambitious $420 million synthetic fuel project designed to transform the country into a leading exporter of jet fuel in Africa—a move that could challenge the dominance of Nigeria’s Dangote Group, which currently leads the continent’s refined fuel market. The project centers on the development of a gas-to-liquid (GTL) plant that will produce diesel, jet

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International Corporate News Oil

Dangote Refinery Reinstates Laid-Off Engineers Amid Labour Dispute with PENGASSAN

Dangote Oil Refinery Rehires Dismissed Engineers After Labour Talks with PENGASSAN The Dangote Oil Refinery has reinstated several engineers who were laid off earlier this year, following negotiations with the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and government officials. The affected employees were initially caught in a dispute between the refinery and the labour union, which arose after the company announced a reorganisation in September that led to staff terminations linked

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International News Renewable Energy

AFC and Infinity Power Secure Financing for 200MW Ras Ghareb Wind Farm in Egypt

Africa Finance Corporation and Infinity Power Reach Financial Close on $153 Million Ras Ghareb Wind Project Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has announced that its portfolio company Infinity Power has reached financial close on the 200MW Ras Ghareb Wind Farm in Egypt — a milestone that underscores Africa’s growing ability to mobilize international capital for large-scale, African-led renewable energy projects. Infinity Power secured US$153 million in senior debt financing from

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Corporate News Local Mining Projects

Pensana and Vacuumschmelze Forge Strategic Rare Earth Partnership to Strengthen Western Supply Chain

Pensana signs deal with Germany’s Vacuumschmelze to supply rare earths for U.S. magnet production ahead of 2027 China import ban London-listed Pensana has signed a memorandum of understanding (MoU) with Vacuumschmelze (VAC), a Germany-based global leader in magnetic materials and rare-earth permanent magnets, marking a major step toward building a resilient Western supply chain for critical minerals. VAC, through its newly commissioned eVAC Magnetics facility in Sumter, South Carolina, is spearheading efforts to boost domestic

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