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 International Oil

Dangote Refinery Cuts Petrol Prices, Launches Direct Fuel Supply to 11 States

Dangote Refinery Slashes Petrol Prices to ₦841, Begins Free Fuel Delivery to 11 Nigerian States The Dangote Petroleum Refinery has announced a significant reduction in petrol prices alongside the launch of direct fuel distribution across 11 states, effective Monday, September 15, 2025. In a statement released Thursday on its official X account, the refinery confirmed that pump prices have been lowered to ₦841 per litre in Lagos and the South West, and ₦851 per litre

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Corporate News International Oil

Dangote Refinery Workers End Strike After Unionization Agreement

NUPENG Ends Strike as Dangote Refinery Agrees to Unionize Drivers in Landmark Deal The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has suspended its two-day strike after reaching an agreement with the Dangote Oil Refinery and the federal government, ensuring workers’ rights to unionize are upheld. The breakthrough came during a second round of talks on Tuesday, following a failed meeting on Monday. Williams Akporeha, NUPENG’s National President, confirmed that the strike was

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Oil International

Landmark Study Links Oil Giants’ Emissions to Deadly Global Heatwaves

New Study Directly Connects Major Oil Companies’ Carbon Emissions to Heatwaves and Rising Deaths Worldwide For the first time, researchers have directly linked the carbon emissions of major oil companies to deadly heatwaves across the globe—a finding experts are calling a “leap forward” in legal and political efforts to hold fossil fuel giants accountable for their role in the climate crisis. The study revealed that emissions from each of the world’s 14 largest oil and

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International Gas News

Afreximbank and MDGIF Partner to Invest $500 Million in Nigeria’s Gas Infrastructure

Afreximbank, MDGIF Sign $500 Million Deal to Modernize Nigeria’s Gas Infrastructure and Boost Industrialisation The African Export-Import Bank (Afreximbank) and the Midstream and Downstream Gas Infrastructure Fund (MDGIF) have signed a landmark Memorandum of Understanding (MoU) to accelerate the development and modernisation of Nigeria’s gas infrastructure. The agreement was formalised on the sidelines of the Intra-African Trade Fair (IATF2025) by Mrs. Helen Brume, Afreximbank’s Director and Global Head of Project and Asset-Based Finance, and Mr.

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Corporate News Local Mining Projects

Pensana Appoints Karen Brown as COO to Drive Next Phase of Rare Earths Development

Pensana Names Karen Brown COO as Longonjo Rare Earths Project Advances London-listed Pensana, a company building a sustainable magnet metal supply chain, has appointed Karen Brown as Chief Operating Officer (COO), effective October 1. She succeeds Rocky Smith, who will continue to advise Pensana as part of the owner’s team for the Longonjo rare earths project in Angola. Pensana CEO Tim George praised Smith’s contributions over the past five years, noting: “Rocky’s expertise has been

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Diamonds Corporate News International

Finestar Expands Diamond Cutting and Polishing Operations with New R300m South Africa Facility

Finestar Opens R300m Diamond Polishing Facility in South Africa to Boost SADC Beneficiation and Global Trade Indian rough diamond cutting and polishing company Finestar has expanded its footprint in the Southern African Development Community (SADC) with the launch of a new state-of-the-art facility in the Gauteng Industrial Development Zone, near OR Tambo International Airport, on September 5. The R300-million investment adds to Finestar’s network of cutting and polishing operations in the United Arab Emirates, Belgium,

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Corporate News Local Oil

Sonangol Confirms Exploration Plans for Block 24, Expands Angola’s Oil & Gas Development

Sonangol to Drill Exploration Well at Block 24, Driving Upstream Growth and Local Industry in Angola Sebastião Gaspar Martins, Chairman of Sonangol, has announced that the company plans to drill an exploration well at Block 24 in Angola. Located in the southern Kwanza Basin, Block 24 is a largely unexplored asset with significant hydrocarbon potential. Speaking during a fireside chat at the Angola Oil & Gas 2025 Conference and Exhibition, Gaspar Martins emphasized Sonangol’s ongoing

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Gas Local News

ANPG Confirms First Gas from Angola’s Offshore Block 1/14 Expected This Year

Angola’s Block 1/14 Set to Deliver First Gas in 2025 Angola’s national oil and gas concessionaire, the National Oil, Gas & Biofuels Agency (ANPG), has announced that first gas from offshore Block 1/14 is expected in 2025. The announcement was made by Paulino Jerónimo, President of ANPG, during the opening day of the Angola Oil & Gas 2025 Conference and Exhibition in Luanda on September 3. “We anticipate first gas from the block this year

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Corporate News Local Oil

Azule Energy Ships First Oil from Agogo Integrated West Hub Offshore Angola

Azule Energy Begins First Oil Shipment from Agogo Integrated West Hub in Angola’s Lower Congo Basin The first cargo from the Agogo Integrated West Hub (IWH) development project, operated by Azule Energy in Block 15/06 in the Lower Congo Basin, offshore Angola, was officially shipped on Wednesday. Permission for shipping was granted by Angolan President João Lourenço during the opening of the Angola Oil & Gas 2025 Conference and Exhibition, with the ceremony presided over

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Local News Oil

Angola to Launch 2025 Oil Licensing Round Targeting Kwanza and Benguela Basins

Angola Announces 2025 Oil Licensing Round to Boost Exploration in Kwanza and Benguela Basins Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, has announced that the country’s next oil licensing round will be launched by Q4 2025, offering acreage in the Kwanza and Benguela basins. Speaking during a Ministerial Fireside Chat sponsored by Vitol at the Angola Oil & Gas Conference and Exhibition 2025, Minister Azevedo emphasized that the round is part of

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