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…
Corporate News Gas International Oil

Rhino Resources Makes Third Consecutive Offshore Discovery in Namibia’s Orange Basin

Rhino Resources Strikes Third Offshore Gas Condensate Discovery in Namibia’s Orange Basin Block 2914A Rhino Resources has announced its third consecutive offshore discovery in Namibia’s Block 2914A, situated in the Orange Basin under Petroleum Exploration License (PEL) 85. The Volans-1X exploration well, drilled by the semisubmersible rig Deepsea Mira on July 31, encountered 26 meters of net pay in rich gas condensate reservoirs characterized by excellent petrophysical properties and no water contact. The well reached

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International Renewable Energy

EU Launches €545 Million Plan to Boost Renewable Energy Across Africa

EU Invests €545 Million to Expand Clean Energy and Electrification in Nine African Nations The European Union (EU) has announced a €545 million ($638 million) investment package to accelerate renewable energy development across Africa, aiming to expand electrification, modernize power grids, and increase access to affordable clean power. Despite the continent’s vast renewable potential, nearly 600 million Africans still live without electricity. The European Commission stated that the new initiative could help create up to

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Corporate News International Oil

Eni Resumes Offshore Drilling in Libya After Five-Year Hiatus

Eni and BP Restart Offshore Exploration in Libya, Ending Five-Year Pause in Energy Operations Italian energy giant Eni has resumed offshore exploration drilling northwest of Libya, the country’s National Oil Corporation (NOC) announced, marking the end of a five-year hiatus in exploration activity. In 2024, Eni partnered with BP to relaunch exploration efforts in Libya, nearly a decade after onshore drilling came to a standstill in 2014, when the outbreak of civil war divided the

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Transport and Logistics

Lobito Corridor Project: Progress, Challenges, and the Path Ahead

Lobito Corridor Project: DRC Pushes for Funding and Skills Development to Boost Regional Trade The Lobito Corridor project, an initiative championed by former U.S. President Joe Biden, aims to construct a railway connecting the Democratic Republic of Congo (DRC), Zambia, and Angola to the port of Lobito. Beyond exporting strategic minerals to the United States, the project seeks to open up Central Africa and strengthen regional trade. Although last September European Union and U.S. experts

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Diamonds International News

Botswana Nears Duty-Free Diamond Deal with United States to Protect Economy

Botswana Closes in on Duty-Free Diamond Trade Agreement with U.S. Amid Tariff Pressures Botswana is close to securing an agreement with the United States that would allow its diamonds to be imported duty-free — a potential economic lifeline for the landlocked nation as it faces mounting pressure from U.S. tariffs that have strained its diamond-dependent economy. Speaking to the BBC about the ongoing trade discussions, President Duma Boko stated, “The negotiations are in an advanced

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Mergers & Acquisitions Corporate News International Oil

QatarEnergy Expands Offshore Presence with Major North Cleopatra Block Acquisition in Egypt

QatarEnergy Signs Deal with Shell to Acquire 27% Stake in North Cleopatra Offshore Block, Strengthening East Mediterranean Role QatarEnergy has signed an agreement with Shell to acquire a 27% participating interest in the North Cleopatra block offshore Egypt, the Qatari energy company announced on Sunday. The acquisition underscores QatarEnergy’s expanding role in the East Mediterranean and across Africa. The deal, which is subject to approval by Egyptian authorities, will leave Shell with a 36% operating

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International Gas News Oil

Africa’s Oil and Gas Sector Poised for Exploration Surge, Industry Leaders Say

Africa Oil and Gas Exploration to Surge with Advanced Data, Faster Permitting, and $54 Billion Investment by 2030 Africa’s oil and gas industry may be entering a new era of exploration, driven by advances in seismic imaging, frontier datasets, and streamlined permitting processes, according to industry leaders at Africa Energy Week (AEW): Invest in African Energies 2025. Emmanuelle Garinet, Vice President of Exploration Africa at TotalEnergies, pointed to Africa’s frontier basins as a key driver

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International Expos & Events Gas Oil

Mozambique and Nigeria LNG Projects Near Final Investment Decisions as Africa Targets 120 MTPA by 2035

Africa’s LNG Boom: Mozambique and Nigeria Edge Closer to Major FIDs Major African LNG projects in Mozambique and Nigeria are advancing toward Final Investment Decisions (FIDs), with developers highlighting significant progress in commercial, regulatory, and design frameworks aimed at ensuring global competitiveness. Speaking at Africa Energy Week 2025, Arnie Gibbs, Chair of Mozambique Rovuma Ventures at ExxonMobil, confirmed that the Rovuma LNG project is targeting FID in 2026. “From my perspective, the stars are aligning

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Oil Economy Local News

Economist Arsenio Bumba Urges Angola to Use Oil Revenues for Economic Diversification Before 2050

Angola’s Economic Future at Risk Without Strategic Diversification, Economist Warns Angolan economist Arsenio Bumba has issued a strategic warning about the country’s economic future, stressing that Angola has just 20 to 25 years to transform its oil revenues into sustainable economic diversification. Without decisive action, he warns, Angola risks facing a severe economic crisis after 2050, when global demand for oil is expected to decline sharply. According to Bumba, Angola’s proven oil reserves stand at

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Local News Technology & Innovation

Angola’s First Electric Vehicle Charging Station Opens at Kilamba Kiaxi

Sonangol Launches Angola’s First Electric Vehicle Charging Station at Kilamba Kiaxi to Drive Sustainable Mobility Angola’s journey toward sustainable mobility has taken a major step forward with the inauguration of the country’s first electric vehicle (EV) charging station. Opened by Sonangol at its Kilamba Kiaxi gas station in Luanda, the project is part of the company’s broader strategy to reduce carbon emissions, encourage technological innovation, and support the nation’s energy transition. According to Sonangol, the

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