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…
International Energy News

Namibia Turns Green Hydrogen Vision into Reality with Landmark Pilot Projects

Namibia Leads Africa’s Green Hydrogen Revolution with First Iron Plant, Refuelling Hub, and Hydrogen Village Namibia’s much-publicised green hydrogen strategy is no longer just a bold vision—it is already delivering tangible results through operational pilot projects that are attracting global attention. In only a few years, the country has launched Africa’s first green direct-reduced iron plant, is building its first commercial hydrogen refuelling station, and has rolled out an innovative hydrogen village to power agriculture

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Diamonds Local News

Angola’s Diamond Subsector Shows Strong Prospects Amid Sustainability Push

Angola Diamond Industry Poised for Growth with Focus on Sustainable Exploration The diamond subsector in Angola holds promising prospects, despite ongoing challenges, said Laureano Afraid Paulo, Executive Administrator of ENDIAMA-EP, during a press briefing in Luanda. Speaking on the final day of Expo Catoca, where he participated in a panel on “The Future of the Diamond Subsector: Reserves, Innovation, and Added Value,” Laureano Paulo emphasized that rising production levels bring increased responsibility to ensure diamond

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Corporate News Diamonds Local

National Diamond Company Showcases Sustainability and Social Impact at Expo Catoca

Angola’s National Diamond Company Highlights Sustainability and Social Responsibility at Expo Catoca The National Diamond Company of Angola is participating in the inaugural edition of Expo Catoca, presenting an exhibition that highlights its diverse areas of operation, with a strong focus on environmental sustainability and social responsibility. The event, which concludes on Thursday, July 28, has impressed participants and coincides with the 30th anniversary of Sociedade Mineira de Catoca. During the opening ceremony, Diamantino Azevedo,

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Corporate News Gas International

Shell Nears Acquisition of Egypt’s Offshore Rahmat Gas Field

Shell is close to finalizing a deal to acquire development rights for Egypt’s offshore Rahmat natural gas field. The deepwater field is estimated to hold 1.3 trillion cubic feet of natural gas and 80 million barrels of condensate, according to data from the Pharaonic Petroleum Company, a joint venture between BP and the Egyptian government, Asharq Business reported. BP previously controlled the concession but relinquished it two years ago after missing the development deadline. Shell

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International News Oil

NNPCL CEO Highlights Progress in Combating Crude Theft in Nigeria

Nigeria Reduces Crude Oil Theft Through Security Collaboration, Says NNPCL CEO Nigeria’s crude oil industry has long faced theft, with international syndicates exploiting security gaps in the Niger Delta, according to Bashir Ojulari, Group CEO of the Nigerian National Petroleum Company Limited (NNPCL). Speaking at the Africa Chief of Defence Staff Conference in Abuja, Ojulari emphasized that collaboration between government agencies has helped curb oil theft and ensure full remittance of crude oil revenues. He

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Corporate News International Oil

Petrobras Set to Return to Nigeria as Bilateral Ties Strengthen

Petrobras to Reenter Nigeria Amid Strengthened Brazil-Nigeria Energy Cooperation Brazil’s state-run oil company Petrobras, which exited Nigeria five years ago, is expected to resume operations soon, Nigerian President Bola Tinubu announced. He made the statement during a joint press conference with Brazilian President Luiz Inácio Lula da Silva, held during Lula’s two-day visit to Nigeria aimed at bolstering bilateral relations. Petrobras first entered Nigeria in 1998, operating in the deep waters of the Niger Delta.

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Corporate News International Oil

OPEC Forecasts Africa to Add 1.2 Million bpd Refining Capacity by 2030

Africa to Add 1.2 Million bpd Refining Capacity by 2030, Creating $100 Billion Investment Opportunity Africa is poised to add 1.2 million barrels per day (bpd) of refining capacity by 2030, making it one of the fastest-growing regions for refinery development, according to the 2025 OPEC World Oil Outlook. Key projects in Nigeria, Angola, and Uganda are driving this growth, reflecting the continent’s efforts to strengthen energy supply and attract investment. Nigeria leads the expansion

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International Gas News Oil

Mozambique President Urges African Businesses to Join LNG Project Supply Chain

Mozambique Invites African Entrepreneurs to Partner in $20 Billion LNG Project Mozambican President Daniel Chapo has called on African business leaders, particularly from Mozambique and Rwanda, to form partnerships supporting the logistics and supply chain of a major Liquefied Natural Gas (LNG) project led by TotalEnergies. The $20 billion project had been suspended in 2021 following a terrorist attack on Palma, in Cabo Delgado province, but is now poised for resumption. Speaking at the Kigali

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Corporate News Gas International

BPCL Secures LNG Marketing Rights from Mozambique Project as Development Resumes

Bharat Petroleum Strengthens Upstream Presence with Mozambique LNG Project Revival Bharat Petroleum Corp. Ltd (BPCL) has secured the rights to market liquefied natural gas (LNG) from Mozambique’s long-delayed Offshore Area 1 project, in which it holds a 10% stake, as full-scale development is set to resume following improved security conditions. Addressing BPCL’s annual general meeting, Chairman and Managing Director Sanjay Khanna said the project, jointly owned by three Indian public sector undertakings (PSUs) with a

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Local Corporate News Mining Projects

Pensana Engages U.S. Officials to Secure Rare Earth Supply Chain from Angola

Pensana Meets U.S. Government to Establish Strategic Rare Earth Supply Chain Amid China Restrictions Rare earths developer Pensana has announced that its CEO Tim George and CCO Will Izod recently met with David Copley, deputy director for critical and emerging technology at the White House National Security Council, to discuss establishing a secure and resilient rare earth supply chain into the United States. The meeting concluded a week of high-level engagements in Washington, during which

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