Vital Industry News
Global Oil Prices Surge Amid Rising Tensions in the Middle East 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
Oil Economy International News

Global Oil Prices Surge Amid Rising Tensions in the Middle East

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

More Angolan Mining News

Oil Economy International News

Global Oil Prices Surge Amid Rising Tensions in the Middle East

Oil Prices Jump Above $114 as Strait of Hormuz Disruptions Trigger Global Energy Market Fears…
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…
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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Corporate News Local Oil

Red Sky Energy Advances Angola Block 6/24 Toward Appraisal Drilling

Red Sky Energy Targets Appraisal Drilling in Angola’s Block 6/24 After Resource Assessment Australian independent explorer Red Sky Energy has confirmed its next phase of activity in Angola, with plans to advance Block 6/24 toward appraisal drilling. The company acquired a 35% stake in the block in early 2025 and continues to develop exploration activities aimed at confirming commercial viability and preparing for full-scale development. Speaking at the Angola Oil & Gas (AOG) 2025 Conference,

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Corporate News Gas Local

Chevron Expands Angola Natural Gas Strategy with Non-Associated Projects and Deepwater Investments

Chevron Strengthens Angola Gas Development with NGC Project, Deepwater Blocks, and Local Content Initiatives Frank Cassulo, Managing Director of Chevron’s Southern Africa Strategic Business Unit, provided an overview of the company’s Angolan natural gas strategy during an onstage interview at the Angola Oil & Gas (AOG) 2025 Conference and Exhibition. Cassulo highlighted Chevron’s commitment to pioneering non-associated gas development while continuing to grow its role in Angola’s energy sector. “Chevron has been a pioneer in

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Corporate News Exploration Local Oil

ReconAfrica Launches First Exploration Program in Angola’s Damara Fold Belt

ReconAfrica Begins Surface Sampling in Angola’s Damara Fold Belt to Unlock Onshore Oil Potential Reconnaissance Energy Africa (ReconAfrica) has announced the deployment of a technical team to Angola’s Damara Fold Belt to conduct surface sampling in areas of potential oil seeps. The move marks the company’s first on-the-ground exploration activity in Angola and represents a significant milestone in its regional growth strategy. The announcement was made by Brian Reinsborough, CEO of ReconAfrica, during a technical

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Corporate News Local Oil

Alfort Petroleum Prepares First Exploration Well Proposal for Angola’s Block KON 8

Alfort Petroleum Targets Onshore Growth with Block KON 8 Well Proposal in Angola Angolan independent oil and gas company Alfort Petroleum has confirmed it is preparing a well proposal for Block KON 8, scheduled for submission in the second quarter of 2026. The proposal will be presented to Angola’s national concessionaire, the National Oil, Gas & Biofuels Agency (ANPG), as well as the block’s joint venture partners for approval. The announcement was made by Gianni

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Local News Oil Partnerships

Namibia Calls for Stronger Angola Partnership to Build Inclusive Energy Future

Namibia Seeks Angola’s Guidance to Unlock Oil and Gas Potential and Drive Regional Energy Growth Maggy Shino, Petroleum Commissioner at Namibia’s Ministry of Mines and Hydrocarbons, underscored the critical role of regional collaboration in shaping Africa’s energy future during the Angola Oil & Gas (AOG) 2025 Conference and Exhibition. Delivering a keynote address on behalf of Kornelia Shilunga, Presidential Special Advisor and Head of the Upstream Petroleum Unit in the Office of the President, Shino

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Corporate News Local Oil

TotalEnergies Targets One Exploration Well Per Year to Sustain Oil Output in Angola

TotalEnergies Boosts Angola Production with New Drilling, Begonia and CLOV Phase 3 Projects TotalEnergies Angola has reaffirmed its commitment to sustaining and expanding oil production in the country, with plans to drill one exploration well per year. The announcement was made by Martin Deffontaines, Country Manager at TotalEnergies Angola, during an onstage interview at the Angola Oil & Gas (AOG) 2025 Conference and Exhibition. As one of Angola’s largest oil producers, TotalEnergies faces natural declines

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Oil Corporate News Local

ExxonMobil Prepares New Drilling Campaign at Angola’s Block 15 Following ANPG Deal

ExxonMobil Launches New Drilling Phase at Angola’s Block 15 After License Extension to 2037 ExxonMobil is preparing to launch a new drilling campaign at Block 15 in Angola following the signing of a fresh agreement with the National Oil, Gas & Biofuels Agency (ANPG) during the Angola Oil & Gas (AOG) 2025 Conference and Exhibition. Speaking in an on-stage interview at the event, Katrina Fisher, Country Manager of ExxonMobil Angola, confirmed that a drillship has

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Expos & Events Local News

Banco BCS, BODIVA and AFC Drive Innovative Financing to Empower Local Energy Companies

Financing Angola’s Energy Future: Banco BCS, BODIVA, AFC and Partners Showcase Funding Solutions for Local Companies Banco BCS-sponsored panel at the Angola Oil & Gas 2025 Conference and Exhibition shed light on the vital role of financing in unlocking opportunities for Angola’s local oil and gas companies. As Angola works to reverse declining oil production and increase the participation of indigenous service providers, the financial sector is stepping up to provide the tools and capital

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Corporate News Local Oil Partnerships

ExxonMobil Expands Block 15 Acreage in Angola Through New ANPG Agreement

ExxonMobil Signs Deal with ANPG to Expand Block 15 Acreage, Unlocking New Oil Resources in Angola Energy major ExxonMobil and its partners in Block 15 have signed a new agreement with Angola’s upstream regulator, the National Oil, Gas & Biofuels Agency (ANPG), expanding the block’s acreage and extending its production potential. The agreement was formalized during the Angola Oil & Gas 2025 Conference and Exhibition last week in Luanda, marking another milestone in Angola’s strategy

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