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…
Oil Gas International News

Equatorial Guinea to Launch 2026 Oil & Gas Licensing Round with 24 Blocks to Revive Production

Equatorial Guinea to Launch 2026 Oil & Gas Licensing Round with 24 Blocks to Revive Production Equatorial Guinea is set to launch a new oil and gas licensing round in April 2026 to stimulate exploration and address the decline in hydrocarbon production, Hydrocarbons and Mining Development Minister Antonio Oburu Ondo announced. The licensing round, referred to locally as “la ronda,” will begin in the second quarter of 2026, with detailed timelines, application procedures, and requirements

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Corporate News Gas International Oil

Eni Announces $8 Billion Investment Plan in Egypt’s Oil, Gas, and Mining Sectors

Eni to Invest $8 Billion in Egypt Over Five Years to Expand Oil, Gas, and Mining Operations Eni has announced plans to invest $8 billion in Egypt over the next five years in partnership with its collaborators, focusing on the development of existing fields and further exploration, according to Guido Brusco, Chief Operating Officer for Global Natural Resources. Brusco revealed the investment plan during a meeting with Prime Minister Mostafa Madbouly and Petroleum Minister Karim

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International News Renewable Energy

Tunisia’s Kairouan Solar Project Surpasses 82% Completion, Nearing Year-End Launch

Kairouan Solar Project in Tunisia Hits 82% Completion, Set to Begin Operations by 2025 Construction of Tunisia’s Kairouan solar project is progressing rapidly, surpassing 82% completion as of September 2025. Senior officials, including Secretary of State for Energy Transition Ouael Chouchene, STEG CEO Tarifa Faycel, Kairouan Governor Dhaker Barguaoui, and Almud Weitz from the World Bank Group, recently visited the site to assess progress. The 120 MWp facility, located in Metbassta within Kairouan governorate, is

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Corporate News International Oil

TotalEnergies’ $860M Nigerian Onshore Stake Sale Collapses, Disrupting Divestment Strategy

TotalEnergies’ Failed Nigerian Onshore Asset Sale Hinders Debt Reduction and Divestment Plans TotalEnergies’ planned sale of a minority stake in a Nigerian onshore oil producer has collapsed, disrupting its strategy to divest mature, high-cost assets and reduce debt. In July 2024, the French energy giant agreed to sell its 10% stake in Shell Petroleum Development Company of Nigeria (SPDC) to Mauritius-based Chappal Energies, part of a broader wave of divestments by oil majors from Nigerian

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Corporate News International Oil

Seplat Energy Plans Major Investments in Nigeria After ExxonMobil Asset Acquisition

Seplat Energy to Boost Nigeria Oil and Gas Output Following ExxonMobil Shallow-Water Asset Deal Seplat Energy Plc has announced plans for significant investment in Nigeria over the coming years following its acquisition of ExxonMobil’s shallow-water assets. The acquisition brought Mobil Producing Nigeria Unlimited under Seplat’s portfolio, marking what CEO Roger Brown described as a turning point for the company. Speaking at the firm’s Capital Markets Day, Brown said the transaction strengthens Seplat’s position and makes

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Renewable Energy International News

RWE Pulls Out of Namibia’s $10 Billion Green Ammonia Project, Jeopardizing Hydrogen Ambitions

RWE Exits $10B Hyphen Green Ammonia Project, Namibia’s Hydrogen Hub Plans Hit Setback German power utility RWE has withdrawn from Namibia’s $10 billion Hyphen Green Ammonia venture, delivering a major blow to the southern African nation’s aspirations to become a leading hydrogen hub. The decision highlights growing caution among energy companies toward costly investments in emerging technologies, particularly amid slower-than-expected demand for hydrogen and hydrogen derivatives in Europe. RWE had signed a preliminary, non-binding memorandum

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International Corporate News Oil

PENGASSAN Strike Shuts Down Major Nigerian Oil Institutions, Halts Dangote Refinery Operations

PENGASSAN Strike Halts Dangote Refinery, Shuts Down NNPC, NUPRC, and NMDPRA Operations in Nigeria Major oil institutions in Nigeria, including the Nigerian National Petroleum Company Limited (NNPC), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), have been shut down following a strike initiated by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Monday. Background to the Strike The disruption follows reports on

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Oil International News

Nigerian Billionaire Arthur Eze Secures Four Offshore Oil Blocks in Liberia

Arthur Eze’s Atlas Oranto Petroleum Wins Four Offshore Exploration Blocks in Liberia, Boosting West Africa’s Oil Sector Nigerian billionaire Prince Arthur Eze has secured four offshore exploration blocks in Liberia through his company, Atlas Oranto Petroleum Limited, marking a significant milestone for Liberia’s long-stalled energy sector. The Liberia Petroleum Regulatory Authority (LPRA) and Atlas Oranto Petroleum International Ltd. signed four Production Sharing Contracts (PSCs) in Paris — Liberia’s first major upstream oil agreements in over

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Renewable Energy International News

EU Launches €545 Million Renewable Energy Fund to Power Africa’s Future

European Union Announces €545 Million Renewable Energy Package to Boost Electrification in Africa The European Union has announced a €545 million ($638 million) renewable energy investment package aimed at accelerating electrification, modernizing power grids, and improving access to clean energy across Africa. Despite Africa’s vast renewable energy potential, nearly 600 million people on the continent still live without electricity. The European Commission stated that this initiative could help create up to 38 million green jobs

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Diamonds International News

Botswana Launches Emergency Diamond Auction to Boost Revenues Amid Market Slump

Botswana Holds Rare Diamond Auction as Global Gem Demand Weakens Botswana is staging an unprecedented diamond auction in a bid to shore up government revenues battered by a prolonged slump in the global gems market. The state-owned Okavango Diamond Company (ODC) is offering about 1 million carats of rough diamonds in a one-off “closed” tender, ODC spokesperson Dennis Tlaang confirmed on Thursday. Unlike the company’s regular auctions—planned well in advance for registered buyers—this ad-hoc sale

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