Vital Industry News
Namibia Rejects N$4bn Ghanaian-Led Oil and Gas Port Project Ghana Allocates $430m to Gold Board to Strengthen National Gold Reserves Dangote Refinery Reinstates Naira Petrol Sales After Dollar Pricing Shift Eni and Petronas Begin Development of $11.8bn Indonesia Gas Project Petra Diamonds Revenue Falls to $38 Million as Finsch Mine Rescue Process Continues Gem Diamonds’ Letšeng Mine Delivers 33% Increase in First-Half Sales Value Nigeria Advances Oil and Gas Licensing Round as 143 Companies Compete for 50 Blocks Sintana Energy Confirms Third Light Oil Discovery at Namibia’s Mopane Complex DRC Exploits Only 4.5% of Hydrocarbon Potential Despite Vast Oil and Gas Reserves Afreximbank Backs Algeria’s Hassi Bir Rekaiz Expansion with $200 Million Financing
International Gas News Oil

Namibia Rejects N$4bn Ghanaian-Led Oil and Gas Port Project

International Gold News

Ghana Allocates $430m to Gold Board to Strengthen National Gold Reserves

Corporate News International Oil Petroleum

Dangote Refinery Reinstates Naira Petrol Sales After Dollar Pricing Shift

More Angolan Mining News

International Gas News Oil

Namibia Rejects N$4bn Ghanaian-Led Oil and Gas Port Project

Namibia Rejects N$4bn Oil and Gas Base Proposed by Ghanaian Entrepreneur Jory Adu-Boahene Namibia’s plans…
International Gold News

Ghana Allocates $430m to Gold Board to Strengthen National Gold Reserves

Ghana Gives GoldBod $430m to Boost Gold Purchases and Build National Reserves Ghana has approved…
Corporate News International Oil Petroleum

Dangote Refinery Reinstates Naira Petrol Sales After Dollar Pricing Shift

Dangote Refinery Restores Naira Petrol Sales at N1,215 per Litre After Dollar Pricing Dangote Petroleum…
International Corporate News Gas Oil

Eni and Petronas Begin Development of $11.8bn Indonesia Gas Project

Eni and Petronas Start $11.8bn North Hub Gas Project in Indonesia Searah, the joint venture…
Corporate News Diamonds International

Petra Diamonds Revenue Falls to $38 Million as Finsch Mine Rescue Process Continues

Petra Diamonds Revenue Drops to $38 Million as Debt Rises and Finsch Mine Remains Suspended…
Corporate News Diamonds International

Gem Diamonds’ Letšeng Mine Delivers 33% Increase in First-Half Sales Value

Gem Diamonds’ Letšeng Mine Boosts First-Half Sales Value 33% to $59.5 Million Despite Lower Output…
Gas Local News

Angola LNG Plant Begins 32-Day Maintenance Shutdown as Gas Production Temporarily Falls

Angola LNG has temporarily halted operations at its Soyo facility for a 32-day maintenance programme, reducing LNG production while ensuring long-term reliability of the gas plant Angola LNG has temporarily suspended operations at its liquefied natural gas (LNG) plant in Soyo, Zaire Province, to carry out scheduled maintenance work aimed at improving the reliability, safety and efficiency of its facilities. The maintenance programme is part of a planned intervention involving the Angola LNG plant, the

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Local Economy News

Angola Adds Chinese Yuan to Approved Foreign Currency Reserves

Angola Approves Chinese Yuan for Foreign Currency Reserves as Ties with China Deepen Angola’s central bank has authorised commercial banks to use the Chinese yuan as part of their foreign currency reserve requirements, marking a further step in strengthening financial and economic relations between Angola and China. The decision allows banks operating in Angola to hold yuan, alongside other approved currencies, to meet mandatory foreign exchange reserve obligations. The move is expected to support liquidity

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International Corporate News Oil

ExxonMobil Restarts Nigeria Drilling Campaign With $1 Billion Usan Oil Project

ExxonMobil Returns to Nigeria’s Deepwater Oil Sector With $1 Billion Investment Plan ExxonMobil is returning to Nigeria’s deepwater oil sector with a planned $1 billion investment in the Usan Infill Project, marking the company’s first major drilling campaign in the country in nearly a decade. The project, located in Oil Mining Lease (OML) 138 offshore Nigeria, is expected to increase crude oil production by approximately 40,000 barrels per day and strengthen output from the Usan

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Diamonds Corporate News International

Botswana Discovers One of the World’s Largest Diamonds in Latest Mining Breakthrough

Botswana Unearths 1,305-Carat Diamond in Another Historic Discovery at Karowe Mine Botswana has uncovered a massive 1,305-carat diamond at the Karowe Diamond Mine, marking another major discovery for the country’s world-renowned diamond industry. The exceptional gemstone was recovered by Lucara Diamond Corp, the operator of the Karowe mine in Botswana, using advanced X-ray transmission (XRT) technology designed to identify and recover large, high-value diamonds while reducing the risk of damage during processing. The discovery adds

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Corporate News Diamonds International

De Beers Pauses Venetia Diamond Mine Operations as Industry Faces Falling Demand

De Beers Suspends Operations at South Africa’s Largest Diamond Mine Amid Global Market Downturn De Beers has suspended operations at the Venetia diamond mine in South Africa, the country’s largest diamond-producing operation, as the company responds to a prolonged downturn in the global diamond market. The temporary shutdown is part of a wider cost-reduction strategy as the diamond industry faces weaker consumer demand, declining prices, and increasing competition from lab-grown diamonds. The Venetia mine, located

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International Gas Oil

South Africa Revisits Long-Delayed Offshore Oil Strategy Amid Growing Energy Security Concerns

South Africa Revives Offshore Oil Exploration Plans as Global Energy Demand Drives New Interest South Africa is reviving plans to explore offshore oil and gas resources that were first considered decades ago, as the country seeks to strengthen energy security and attract investment into its upstream sector. The exploration strategy, initially developed during the apartheid era, has gained renewed attention as global energy markets shift and countries look to secure reliable domestic energy supplies. Advances

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Local Energy News

Angola Approves 30-Year Electricity Corridor to Supply Power to DRC

Angola Grants Somagec 30-Year Power Transmission Deal to Export Electricity to DR Congo Angola has granted Somagec Energy Holding Limited (SEHL) a 30-year concession to develop and operate an electricity transmission system that will enable power exports to the Democratic Republic of Congo (DRC). The project, known as the Northern Corridor, will also strengthen electricity supply to Angola’s Cabinda Province. The concession was awarded under a Build, Own, Operate and Transfer (BOOT) model, allowing Somagec

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Corporate News International Oil

Shell Concludes Latest Namibia Drilling Campaign While Continuing Offshore Oil Evaluation

Shell Completes Namibia Offshore Exploration Campaign as Orange Basin Oil Potential Grows Shell has completed its latest offshore exploration campaign in Namibia, marking another milestone in the company’s ongoing evaluation of one of Africa’s most promising emerging oil regions. The company’s Deepsea Mira semi-submersible rig completed operations on July 2 after beginning the campaign in April. Shell decided not to exercise an option for an additional exploration well under the current contract, with the rig

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International Gas News

World Bank Approves $875 Million Package to Accelerate Côte d’Ivoire’s Gas Development

Côte d’Ivoire Secures $875 Million World Bank Support to Expand Gas Sector and Boost Energy Security Côte d’Ivoire is set to strengthen its natural gas sector after securing an $875 million financing package from the World Bank to support gas infrastructure development, investment, and long-term energy security. The funding will support the implementation of the country’s Gas Master Plan, which aims to expand gas transmission and distribution infrastructure while creating a roadmap for future sector

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International Corporate News Oil

Renaissance Energy Makes Major Oil Discovery in Nigeria’s Offshore OML 74

Renaissance Africa Energy Discovers Oil Offshore Nigeria, Boosting Indigenous Exploration Efforts Renaissance Africa Energy Company Limited has announced a significant oil discovery in Nigeria’s offshore Oil Mining Lease (OML) 74, marking a major milestone for the country’s indigenous energy sector. The discovery was made through the successful drilling of the JK-004 exploration well, which encountered approximately 1,000 feet of hydrocarbon-bearing intervals across seven reservoirs. Initial evaluations and fluid analysis confirmed the presence of high-quality reservoirs

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