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…
Local News Oil

Angola’s Oil Production Falls Below Targets in August Despite LNG Gains

Angola Oil Output Drops Below 1.04 Million Barrels Per Day in August While LNG Surges Angola’s oil production fell short of government targets again in August, averaging 1.03 million barrels per day, marking the sixth consecutive month of underperformance. According to the National Agency of Petroleum, Gas, and Biofuels (ANPG), total production reached 32.07 million barrels in August, equivalent to a daily average of 1,034,655 barrels, compared to the forecast of 1,086,727 barrels per day.

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Local Mining Projects Oil

Angola Advances Ornamental Rock Hub and Strengthens Mining and Oil Development in Namibe

Angola Boosts Namibe Mining and Oil Sector with Ornamental Rock Hub and Strategic Investments Angola’s Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, is in Namibe for a working visit, focusing on the construction of the Ornamental Rock Development Hub and meetings with local mining industry leaders. The Ornamental Rock Development Hub, located 32 kilometers from Mocamedes, is progressing rapidly, just over six months after the foundation stone was laid. Minister Azevedo was joined

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Local Corporate News Oil

Eni CEO Highlights $5 Billion Investment in Angola and Future Growth Plans

Eni and Azule Energy Commit Billions to Angola Oil and Gas with Focus on Deepwater, Gas, and Clean Energy The CEO of Italian multinational oil company Eni announced that Azule Energy has already invested $5 billion (4.3 billion euros) in Angola and plans to invest additional funds over the next four years. Speaking at the 6th Angola Oil & Gas International Conference, Claudio Descalzi emphasized Eni’s pioneering role in deepwater operations and complex, market-oriented projects,

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Local Expos & Events Oil

President Lourenço Highlights Angola’s Oil Sector as Engine of Economic Growth and Energy Transition

Angola President Emphasizes Oil’s Role in Economy and Energy Transition at Angola Oil & Gas 2025 Conference Angolan President João Lourenço underscored the importance of oil for the country’s economy and development, stressing that hydrocarbon-producing nations have the right to continue developing their resources despite the global challenges posed by climate change. Speaking at the 6th Angola Oil & Gas 2025 International Conference in Talatona, Luanda, President Lourenço acknowledged the severity of climate change while

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Corporate News Local Oil

Afentra Strengthens Angola Presence as Key Partner of Sonangol and Expands Oil Production

Afentra Strengthens Angola Presence with Block 3/05 Stake, Driving 21,000 BPD Output Independent British oil exploration and production company Afentra has emerged as a major international partner of Sonangol, Angola’s national oil company, according to a statement from Afentra. “In the first half of this year alone, Block 3/05, where Afentra holds a significant stake, recorded an average gross production of over 21,000 barrels of crude oil per day. This confirms the rehabilitation potential of

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International News Renewable Energy

EBRD Approves $74.1 Million for 200 MW Ras Ghareb Wind Farm to Boost Egypt’s Renewable Energy

EBRD Backs 200 MW Ras Ghareb Wind Farm, Advancing Egypt’s 10 GW Renewable Energy Target by 2028 The European Bank for Reconstruction and Development (EBRD) has approved $74.1 million to develop a 200 MW wind farm in Ras Ghareb, reinforcing Egypt’s ambitions to expand its renewable energy capacity. The project will be led by Infinity Power and Masdar, supported by a senior EBRD loan of up to $60.7 million, a $3.38 million concessional loan from

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Oil International News

Libya Aims to Double Oil Production to 2 Million Barrels per Day by 2027

Libya Targets 2 Million Barrels per Day as NOC Seeks $4 Billion Investment to Boost Oil and Gas Output Libya plans to nearly double its oil production to two million barrels per day by 2027, according to Farhat Bengdara, head of the National Oil Company (NOC). Speaking to Sky News Arabia, Bengdara said Libya currently produces about 1.2 million barrels per day and anticipates revenues of $35–$37 billion this year. He emphasized that the country

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International News Renewable Energy

Nigeria to Launch 1,000-Megawatt Solar Panel Manufacturing Plant

Nigeria Signs Agreement to Build 1,000MW Solar Panel Factory to Boost Local Production and Clean Energy The Nigerian government has signed an agreement to establish a 1,000-megawatt solar panel manufacturing plant, a move aimed at increasing domestic production, reducing reliance on imports, and supporting the country’s transition to cleaner energy. The signing ceremony took place at the Infrastructure Corporation of Nigeria (InfraCorp) office in Abuja. The project involves a partnership between the Rural Electrification Agency

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Corporate News International Oil

TotalEnergies Secures New Offshore Acreage in Liberia’s Latest Licensing Round

TotalEnergies Expands Deepwater Exploration with New Offshore Blocks in Liberia TotalEnergies has signed new agreements to explore offshore Liberia, securing acreage awarded under the country’s latest licensing round. The blocks are located in the southern end of the Liberia Basin, opening fresh opportunities in deepwater exploration. As part of its initial commitments, the French energy major will conduct a detailed seismic study to evaluate the subsurface potential, laying the groundwork for wider exploration campaigns in

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International News

Nigeria Leads Launch of African Petroleum Regulators Forum to Harmonize Energy Policies

Nigeria and Seven Countries Sign AFRIPERF Charter to Boost Investment and Align Petroleum Regulations Across Africa Nigeria has signed a charter establishing the African Petroleum Regulators Forum (AFRIPERF), a new continental body designed to harmonize petroleum regulations, attract investment, and strengthen governance across Africa’s oil and gas sector. The charter was endorsed by regulators from eight countries—Nigeria, Ghana, Somalia, Gambia, Madagascar, Sudan, Guinea, and Togo—while representatives from seven additional nations pledged to join after internal

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