Vital Industry News
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 Nigeria to Launch Cawthorne Crude Exports as Output Recovers
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

Diamonds Corporate News International

Lucara Reports Lower 2025 Earnings as Karowe Underground Expansion Advances

More Angolan Mining News

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…
Corporate News Gas International

Eni Raises Stake in Algeria’s Touat Gas Field to 42.9% After Engie Exit

Eni Expands Position in Algeria’s Touat Gas Field Following Engie Withdrawal Eni has increased its…
Gas Local News Oil Petroleum

Kwanza Block Tenders Spur New Wave of Investment in Angola

Angola’s national concessionaire the National Oil, Gas and Biofuels Agency (ANPG) signed four direct concession contracts for the production of oil blocks in the onshore Kwanza Basin. Poised to increase exploration activity and production in the southern African country’s onshore acreage, the concession involves Blocks KON 2/11/12 and 16 and will serve to encourage the participation of small- and medium-sized companies within Angola’s oil and gas space. Concession Contracts Bolster Upstream Activities The signed concession

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Gas International News Oil Petroleum

Ugandans take legal action against TotalEnergies

26 Ugandans filed a lawsuit against French oil firm TotalEnergies on Tuesday June 27th in Paris, France, seeking compensation for alleged abuses of human rights at the company’s huge megaprojects there. People from the impacted areas, joined by five French and Ugandan charity organizations, claim that the energy company TotalEnergies caused “serious harm,” notably to their rights to land and food. The East African Crude Oil Pipeline (Eacop) project, a 1,500 km pipeline bringing crude

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Diamonds Economy Local News

Lulo’s diamonds yield more than $10 million at SODIAM auction

Lucapa Diamond’s 40%-owned Lulo alluvial diamond mine, in Angola generated $10.7 million from four stones auctioned at the just-ended online rough diamond tender conducted by SODIAM. The revenue realised from the Lulo stones accounted for almost half of the $21.7 million generated from the tender. SODIAM tendered 36 single stones in total. The Angolan national diamond trading company supplied no additional information about the sizes of the four Lulo diamonds other than that they were

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Diamonds Local News

MME Namibian delegation visits ENDIAMA

A delegation from the Ministry of Mines and Energy of Namibia has visited the offices of ENDIAMA-E.P, with the aim of exchanging experiences to make the diamond subsector increasingly dynamic and attractive. The meeting was guided by the President of the National Diamond Company of Angola, Ganga Júnior, who also discussed with the Namibian delegation issues related to the exploitation of diamonds in the sea, an activity already developed by Namibia. Miina Gahutu, Director of

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International News Oil

Nigerian Oil Spill Pollutes Land and Rivers

A new oil spill at a Shell facility in Nigeria is contaminating land and a river, disrupting the lives of fishermen and farmers in the Niger Delta. According to the US news agency AP, the Nigeria Spill Detection and Response Agency (NOSDRA) announced that the spill comes from the ‘Trans-Niger’ pipeline, operated by Shell, which runs through several communities in the Eleme area. , in Ogoniland, a region where the London oil giant has faced

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Economy International News Petroleum

Fuel Subsidy Reform can Drive Economic Growth in Gabon

Reforming fuel subsidies could help Gabon boost the growth of its economy, the World Bank states. According to the international financial institution, current fuel subsidies in place continue to stifle development, with high fiscal and social opportunity costs leaving the economy susceptible to global price shocks. However, through the implementation of five measures, the country can mitigate such development challenges. According to the World Bank’s recent Gabon Economic Update report, measures that can be implemented

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Economy Energy International News

Senegal Inks $2.7B Climate Financing Deal with G7 Nations

Senegal has taken an important step towards its energy transformation ambitions by signing a $2.7 billion Just Energy Transition Partnership (JET-P) contract with G7 nations and the European Union (EU). The agreement intends to help Senegal achieve its goal of increasing the amount of renewable energy in its energy mix to 40% by 2030. The JET-P will unlock financial support from France, Germany, the EU, the United Kingdom and Canada, totaling $2.7 billion over a

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Gas Local News Oil Petroleum

Angola to Complete Privatization of Sonangol by 2026

Angola’s Institute for Management of State Assets and Stakes (IGAPE) has indicated that the Government plans to complete the privatization of the country’s National Oil Company (NOC) Sonangol by 2026. The privatization process will be carried out in several stages and will result in the Government’s divestment of its 30% stake in the NOC. The announcement was made by IGAPE Chairperson Patrício Vilar on 21 June. The sale of government shares in Sonangol initially began

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Energy Gas International News Oil

Tanzania LNG to Ink Host Govt Agreement in July

Tanzania is set to sign a Host Government Agreement (HGA) with energy majors Shell, Equinor and ExxonMobil for the country’s $42 billion liquefied natural gas (LNG) development in July, according to Felchesmi Jossen Mramb, Permanent Secretary in Tanzania’s Ministry of Energy. The HGA will outline the rights and obligations of the government and national oil company as well as the conditions under which the onshore project will be developed and operated. In addition to signing

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Energy Gas Local News Oil

Angola and the DRC to Ink Block 14 Agreement on July 13

The Democratic Republic of the Congo’s Hydrocarbons Minister Didier Budimbu and his Angolan counterpart Diamantino Pedro Azevedo have agreed to sign the Memorandum of Understanding (MoU) for the development of Block 14 on July 13 in Kinshasa. The signing of the MoU will formalize the Block’s ownership, with the DRC and Angola set to take a 30% share while global energy major – and operator of the block – Chevron will own a 40% stake, and follows

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