Vital Industry News
Sodiam Raises $25.8 Million in 16th Rough Diamond Auction Shell Reaffirms Commitment to Reviving Angola’s Oil Production Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions 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
Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

Corporate News Local Oil

Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port

More Angolan Mining News

Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Angola’s Sodiam Generates $25.8 Million in Rough Diamond Auction, Surpassing Expectations Angola’s National Diamond Trading…
Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

Shell Pledges Support for Angola’s Oil Production Revival as Company Returns After 20 Years Shell…
Corporate News Local Oil

Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port

Sonangol Tanker Hit by Explosion Near Iraq’s Khor al Zubair Port; Crew Safe and Vessel…
Local Energy News

Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection

Angola and Namibia Strengthen Energy Ties, Discuss Power Interconnection and Baynes Hydroelectric ProjectAngola and Namibia…
International News Oil

Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium

Oil Surges 25% to Highest Since 2022 Amid Iran War, Driving Vegoils and Aluminium Prices…
Gold International

Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions

Ghana’s GoldBod Plans Backup Export Routes as Dubai Flight Disruptions Threaten Artisanal Gold Trade Ghana’s…
Corporate News Gas Local Oil

Copia Group Highlights Safety, Efficiency, and Environmental Compliance in Angola’s Onshore Oil & Gas Growth

Copia Group Drives Angola Oil & Gas Growth Through Safety, Efficiency, and Environmental ComplianceCivil engineering leader Copia Group of Companies has underscored the critical role of operational efficiency, safety, and environmental compliance in supporting the growth of Angola’s oil and gas sector. Speaking ahead of the Angola Oil & Gas 2025 Conference and Exhibition, Grildo José Francisco, Director of Oil, Gas & Biofuel Projects at Copia Group, highlighted the company’s active contribution to Angola’s onshore

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Corporate News Exploration Local Oil

Corcel Set to Launch 326-km 2D Seismic Program in Angola’s KON 16 Ahead of Exploration Drilling

Corcel to Begin 326-km 2D Seismic Survey in Angola’s KON 16 Block with Exploration Well Planned for 2026 Independent oil and gas company Corcel plans to initiate a 326-kilometer 2D seismic data acquisition program in the second half of 2025, with the goal of drilling a new exploration well in Angola’s Block KON 16 approximately 12 months later. The announcement was made during a Corcel-sponsored pre-conference workshop on September 2, ahead of the Angola Oil

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Corporate News Gas International

FIRST E&P Targets 1 Billion Standard Cubic Feet of Gas Processing by 2030

Nigeria’s FIRST E&P Sets 2030 Goal of 250,000 BOE/D and 1 Bcf/D Gas Processing Capacity FIRST Exploration and Petroleum Development Company (FIRST E&P), a leading Nigerian independent oil and gas company, has unveiled ambitious growth targets for 2030. The company is aiming to achieve 250,000 barrels of oil equivalent per day (BOE/D) in equity production and develop a robust midstream business with a gas processing and supply capacity of 1 billion standard cubic feet per

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International Diamonds News

Lesotho Prime Minister Launches Strategy to Revive Diamond Sector and Tap Rare Earth Minerals

Lesotho Unveils Dual Mining Strategy: Stabilizing Diamonds While Exploring Rare Earth Potential The global diamond market may be under strain, but the Kingdom of Lesotho is charting a bold path forward. Speaking at the Africa Down Under conference in Perth, Prime Minister Sam Matekane unveiled a dual-track mining strategy aimed at stabilizing the country’s diamond sector while opening a new frontier in rare earth elements (REEs). Matekane acknowledged that the diamond industry is going through

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International Gold News

Morocco’s Guelmim Gold Discovery Poised to Transform Country into Major African Producer

Morocco Strikes High-Grade Gold in Guelmim, Set to Boost Africa Mining Profile Morocco is taking a decisive step toward joining Africa’s leading gold producers after confirming the discovery of high-grade gold deposits in its southern Guelmim region. The find has energized the country’s mining sector and raised Morocco’s profile on the continent’s resource stage. Mining company OLAH Palace Trading reported significant gold deposits within quartz veins at its Guelmim project, according to African Mining Market.

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Corporate News Gas International

Dangote Refinery Gasoline Unit Could Remain Offline for Months Amid Repairs

Dangote Refinery Faces Extended Gasoline Unit Shutdown, Impacting Global Fuel Markets Nigeria’s Dangote Refinery, one of the world’s largest single-train refineries with a capacity of 650,000 barrels per day (bpd), may see its gasoline production unit remain offline for two to three months due to ongoing repairs, according to industry monitor IIR Energy. The Residue Fluidised Catalytic Cracking Unit (RFCCU), which processes 204,000 bpd, has been offline since August 29 following catalyst leaks. While the

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Corporate News Local Oil

Shell Returns to Angola After 20 Years as Oil Sector Reforms Attract Global Investors

Shell Signs Angola Oil Deal After 20-Year Exit, Joining Chevron and Sonangol in Block 33 Shell Plc has returned to Angola’s oil sector after a two-decade absence, a move that signals renewed global confidence in the country’s energy industry following sweeping reforms aimed at attracting foreign investment. The Anglo-Dutch energy giant, together with Chevron Corp. and state-owned Sonangol EP, signed agreements with Angola’s National Agency of Petroleum, Gas and Biofuels (ANPG) for exploration rights in

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Corporate News Diamonds International

Gem Diamonds Cuts Jobs at Letseng Mine as Prices and Demand Collapse

Gem Diamonds Lays Off 240 Workers at Letseng Mine Amid Falling Prices and U.S. Tariff Pressures Gem Diamonds is laying off 240 workers—about one-fifth of its workforce—at the world-famous Letseng mine, in a move that underscores the mounting strain on Lesotho’s diamond-dependent economy. The company reported a half-year loss of $11.7 million, a sharp reversal from a $2.1 million profit a year earlier, after revenue plunged 42% due to weak global demand and sliding diamond

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International News Oil

IOC Shifts Oil Purchases from U.S. to West Africa and Middle East

Indian Oil Corporation Buys Nigerian and Middle Eastern Crude, Skips U.S. Oil Amid Global Market Shifts Indian Oil Corporation (IOC), the country’s largest state-owned refiner, has adjusted its crude procurement strategy in recent weeks, opting against U.S. supplies and turning instead to West African and Middle Eastern grades. Trade sources confirmed on Friday that IOC secured two million barrels of West African crude and one million barrels of Middle Eastern crude, underscoring both geopolitical considerations

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International Gold News

World Gold Council Unveils Wholesale Digital Gold Ecosystem to Revolutionize Global Gold Trading

World Gold Council Launches Wholesale Digital Gold Ecosystem to Transform Gold Ownership and Trading The World Gold Council (WGC), in collaboration with British law firm Linklaters and Hilltop Walk Consulting, has introduced a pioneering vision to transform the global gold market: the Wholesale Digital Gold ecosystem. This initiative aims to modernize how gold is owned, traded, and utilized worldwide. Currently, the wholesale gold market operates under two main structures. Allocated gold involves direct ownership of

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