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…
Local Economy News

Zambia and Angola Strengthen Bilateral Ties to Boost Trade, Security, and Regional Integration

Zambia, Angola Deepen Bilateral Cooperation for Shared Development Zambia and Angola have reaffirmed their commitment to strengthening bilateral cooperation across key sectors, including trade, infrastructure development, defence, and regional integration. Minister of Foreign Affairs and International Cooperation, Hon. Mulambo Haimbe, delivered a special message from President Hakainde Hichilema to Angolan President João Lourenço during a visit to Luanda. The message underscored Zambia’s desire to deepen collaboration with Angola in advancing mutual economic growth and regional

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Energy News

DRC and Hydro-Link Sign $1.5 Billion Deal to Power Mining Belt with Angolan Hydropower

DRC Partners with Hydro-Link in $1.5 Billion Project to Supply 1,200MW of Clean Energy to Copper and Cobalt Mines The Democratic Republic of Congo (DRC) has signed a $1.5 billion preliminary agreement with Hydro-Link, a unit of Symbion Power, to construct a major 1,160-kilometer (720-mile) electricity transmission line connecting Angola’s hydropower plants to Congo’s key copper and cobalt mining region. Once complete, the project will deliver up to 1,200 megawatts (MW) of clean, renewable energy

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International Oil

Cameroon Reaffirms Commitment to Rebuild SONARA by 2027

Prime Minister Dion Ngute Renews Government’s Pledge to Fully Reconstruct SONARA by 2027 Cameroon’s Prime Minister, Chief Dr. Joseph Dion Ngute, has reaffirmed the government’s unwavering commitment to rebuild the National Oil Refining Company (SONARA) in Limbe. He assured that the state will provide full support to ensure the refinery’s complete restoration and return to full production capacity by 2027. During an inspection visit to SONARA on October 9, 2025, the Prime Minister expressed satisfaction

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Oil Corporate News Gas Local

Angola’s Sonamet Plans Namibia Expansion to Strengthen Regional Oil and Gas Footprint

Sonamet Targets Namibia as Part of Regional Expansion Strategy Angolan oil and gas fabrication company Sonamet is setting its sights on regional growth, with Namibia emerging as a top priority for expansion. The company aims to extend its proven expertise and infrastructure beyond Angola to strengthen its footprint across southern Africa. According to Sandro Ferreira, Sonamet’s Marketing and Commercial Director, the company is actively engaging with the Namibian government and public institutions to explore investment

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Corporate News Local Oil

Etu Energias Secures Financing for Offshore Angola Block 17/06 Development

Etu Energias Signs Structured Financing Deal with Mauritius Commercial Bank and TotalEnergies for Angola Offshore Project Etu Energias, Angola’s largest privately-held oil company, has finalized a structured disbursement agreement with Mauritius Commercial Bank and energy major TotalEnergies to finance capital expenditure and development activities at Block 17/06, offshore Angola. Block 17/06 is home to the Begonia project, Angola’s first inter-block development, which began production in 2025. The block is operated by TotalEnergies alongside partners Sonangol

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Corporate News International Oil

TotalEnergies Threatens to Halt South Africa Offshore Projects Amid Legal Delays

TotalEnergies Warns South Africa It May Suspend Offshore Oil and Gas Projects Due to Regulatory and Legal Bottlenecks French multinational TotalEnergies has issued a stern warning to the South African government, stating it may suspend its oil and gas exploration projects due to repeated legal challenges and prolonged delays in the permitting process. Nicolas Terraz, President of Exploration & Production at TotalEnergies, criticized the “unacceptable delays” in approvals, emphasizing that sluggish regulatory processes are stalling

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Renewable Energy International

Egypt Secures Financing Framework for 1.1GW Dandara Solar Power Project

Egypt Reaches Funding Agreement for $650 Million Dandara Solar Project to Boost Renewable Energy and Support EU Export Compliance Egypt has reached provisional terms to finance the Dandara Solar Power Project, a large-scale renewable energy development led by Scatec, marking a major milestone in the country’s transition to clean energy and reinforcing Africa’s position in the global renewable market. A letter of intent has been signed between Dandara Solar Energy Company, a subsidiary of Scatec,

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Oil Gas International News

Algeria Commits $60 Billion to Expand Oil and Gas Sector While Boosting Renewable Energy

Algeria Announces $60 Billion Upstream Oil and Gas Investment, Aims to Add 3,200 MW of Renewables by 2030 The Algerian government has announced a $60 billion investment package to expand its upstream oil and gas operations, underscoring the country’s determination to leverage its vast natural resources while gradually integrating renewable energy into its national energy strategy. Speaking at the opening of the 13th Africa & Mediterranean Energy and Hydrogen Exhibition and Conference (NAPEC 2025) in

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Local News Transport and Logistics

DRC, Angola, Zambia, and EU Forge Strategic Alliance to Accelerate Lobito Corridor Development

DRC, Angola, Zambia, and European Union Partner to Boost Trade, Infrastructure, and Mining Value Chains Through Lobito Corridor On the sidelines of the Global Gateway Forum, the Democratic Republic of the Congo (DRC), Angola, and Zambia signed a landmark cooperation agreement with the European Union (EU) to accelerate the integrated development of the Lobito Corridor—a key initiative aimed at enhancing trade, transport infrastructure, and industrial competitiveness across Central Africa. The partnership was officially announced by

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Corporate News Gas International Oil

Shell Approves $2 Billion Offshore Gas Project in Nigeria to Boost LNG Exports

Shell Greenlights $2B HI Offshore Gas Development with Sunlink Energies, Strengthening Nigeria’s LNG Export Capacity British energy giant Shell (SHEL.L) has approved a $2 billion investment in the HI offshore gas development project in Nigeria, in partnership with Sunlink Energies, according to Reuters. The HI project is expected to produce 350 million standard cubic feet of gas per day for Nigeria LNG (NLNG), reinforcing the nation’s standing as a major global exporter of liquefied natural

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