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 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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Corporate News Gold International

Asante Gold Secures $500M Financing to Boost Bibiani and Chirano Mines in Ghana

Asante Gold Raises $500 Million to Expand Ghana Operations and Target 500,000 oz Annual Output by 2028 Canada’s Asante Gold has finalized a $500-million financing package to accelerate the development and expansion of its Bibiani and Chirano gold mines in Ghana, the company announced on Monday. The package includes net proceeds from a $125-million second utilization under its $150-million senior debt facility. A first drawdown of $5 million was completed on August 14, while a

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Local News Partnerships

Angola and UAE Strengthen $2.2B Non-Oil Trade Partnership with New Transport and Logistics Projects

Angola–UAE Non-Oil Trade Hits $2.2 Billion, Boosting Logistics and Transport Growth Non-oil trade between Angola and the United Arab Emirates (UAE) reached US$2.2 billion in 2024, marking a 36% increase compared to 2019. This milestone reflects growing mutual trust, rising investment opportunities, and the consolidation of a long-term strategic alliance between the two nations. As part of this deepening partnership, new memorandums of understanding were signed with AD Ports Group to modernize Angola’s port and

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Local Corporate News Transport and Logistics

AD Ports Group Strengthens Angola’s Transport and Logistics Sector with New Strategic Agreements

AD Ports Group and Angola Partner to Launch Digital Logistics Platform and Expand Truck Fleet The Ministry of Transport of the Republic of Angola has taken a major step toward modernizing the nation’s logistics sector through a series of strategic agreements signed with AD Ports Group. These agreements include the development of a Single Digital Logistics Window and the expansion of Angola’s national truck fleet, both critical initiatives to enhance efficiency and competitiveness. In addition

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