Vital Industry News
ExxonMobil Restarts Nigeria Drilling Campaign With $1 Billion Usan Oil Project Botswana Discovers One of the World’s Largest Diamonds in Latest Mining Breakthrough De Beers Pauses Venetia Diamond Mine Operations as Industry Faces Falling Demand South Africa Revisits Long-Delayed Offshore Oil Strategy Amid Growing Energy Security Concerns Angola Approves 30-Year Electricity Corridor to Supply Power to DRC Shell Concludes Latest Namibia Drilling Campaign While Continuing Offshore Oil Evaluation World Bank Approves $875 Million Package to Accelerate Côte d’Ivoire’s Gas Development Renaissance Energy Makes Major Oil Discovery in Nigeria’s Offshore OML 74 Nigeria Surpasses OPEC Oil Production Quota as Crude Output Reaches Six-Year High South Africa Plans Major Expansion of Strategic Oil Reserves to Strengthen Energy Security
International Corporate News Oil

ExxonMobil Restarts Nigeria Drilling Campaign With $1 Billion Usan Oil Project

Diamonds Corporate News International

Botswana Discovers One of the World’s Largest Diamonds in Latest Mining Breakthrough

Corporate News Diamonds International

De Beers Pauses Venetia Diamond Mine Operations as Industry Faces Falling Demand

More Angolan Mining News

International Corporate News Oil

ExxonMobil Restarts Nigeria Drilling Campaign With $1 Billion Usan Oil Project

ExxonMobil Returns to Nigeria’s Deepwater Oil Sector With $1 Billion Investment Plan ExxonMobil is returning…
Diamonds Corporate News International

Botswana Discovers One of the World’s Largest Diamonds in Latest Mining Breakthrough

Botswana Unearths 1,305-Carat Diamond in Another Historic Discovery at Karowe Mine Botswana has uncovered a…
Corporate News Diamonds International

De Beers Pauses Venetia Diamond Mine Operations as Industry Faces Falling Demand

De Beers Suspends Operations at South Africa’s Largest Diamond Mine Amid Global Market Downturn De…
International Gas Oil

South Africa Revisits Long-Delayed Offshore Oil Strategy Amid Growing Energy Security Concerns

South Africa Revives Offshore Oil Exploration Plans as Global Energy Demand Drives New Interest South…
Local Energy News

Angola Approves 30-Year Electricity Corridor to Supply Power to DRC

Angola Grants Somagec 30-Year Power Transmission Deal to Export Electricity to DR Congo Angola has…
Corporate News International Oil

Shell Concludes Latest Namibia Drilling Campaign While Continuing Offshore Oil Evaluation

Shell Completes Namibia Offshore Exploration Campaign as Orange Basin Oil Potential Grows Shell has completed…
International News Oil

Strait of Hormuz Shipping Rebounds, Easing Fuel Supply Risks for Africa

Record Vessel Traffic in Strait of Hormuz Signals Easing Energy Supply Risks for Africa’s Fuel Importers Shipping activity through the Strait of Hormuz has surged to its highest level since recent conflict disrupted operations in one of the world’s most critical energy corridors, offering potential relief for African economies heavily reliant on imported fuel. According to vessel tracking data from S&P Global Market Intelligence and S&P Global Commodities at Sea, 78 vessels transited the strait

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International Gold News

Ghana Raises Mandatory State Gold Purchases to Strengthen Reserves and Expand Local Value Addition

Ghana Increases Gold Sales to State to 30% as It Builds Reserves and Expands Domestic Refining Strategy Africa’s largest gold producer, Ghana, is increasing the volume of gold that mining companies must sell to the state as part of a broader strategy to strengthen foreign reserves, stabilise the national currency, and retain more value from its mineral resources. From July 1, large-scale mining companies operating in the country will be required to sell 30% of

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International Corporate News Oil

Dangote Refinery Imports 1.46 Billion Litres of Blendstock Amid Production Ramp-Up

Dangote Refinery Imports 1.46 Billion Litres of Gasoline Blendstock While Maintaining Over 100% Capacity Utilisation Nigeria’s 650,000-barrel-per-day Dangote Refinery imported an estimated 1.46 billion litres of intermediates and gasoline blendstock over a five-month period from January to May 2026, according to industry data derived from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) statistics. The imported products are not sold directly to consumers. Instead, they are used as secondary feedstock, blended with other refinery

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International News Oil

Sierra Leone Awards Offshore Exploration Licence to Marginal Energy Limited

Sierra Leone Grants Offshore Oil and Gas Licence to Marginal Energy for 6,800 km² Block Area Sierra Leone has granted an offshore oil and gas exploration and production licence to Nigerian-based Marginal Energy Limited, marking a significant step in the country’s efforts to attract investment into its emerging upstream petroleum sector. The agreement was signed by the Petroleum Directorate of Sierra Leone (PDSL) and covers offshore blocks G-145, G-146, G-147, G-160, and G-161. Collectively, the

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International Gas Oil

Chevron Begins New Drilling Campaign at Egypt’s Nargis Offshore Gas Field

Chevron Launches New Well Drilling at Nargis Gas Field Offshore Egypt’s East Nile Delta Basin Chevron has commenced drilling a new appraisal well at Egypt’s Nargis natural gas field, marking a key step forward in the development of the offshore discovery made in 2022. The project is being led by Chevron in partnership with Eni, Mubadala Energy, and Tharwa Petroleum Company. The Nargis field is located in the East Nile Delta Basin, approximately 50 kilometres

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Corporate News International Oil

Eco Atlantic Farms Down South Africa Offshore Block Stake to Navitas Petroleum

Eco Atlantic Sells 37.5% Interest in South Africa’s Block 1 CBK to Navitas Petroleum Eco Atlantic Oil & Gas has signed a definitive farm-down agreement with Navitas Petroleum, transferring a 37.5% working interest in Block 1 CBK offshore South Africa as the companies deepen their strategic partnership in offshore exploration. The transaction represents a key milestone under the strategic framework agreement between the two companies, which granted Navitas an option to acquire an interest in

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Corporate News International Oil

Eni Launches Global Tender for Third FLNG Project Offshore Mozambique

Eni Opens EPCIC Tender for Third Floating LNG Project in Mozambique’s Rovuma Basin Mozambique Rovuma Venture (MRV), led by Eni, has launched an international tender for the engineering, procurement, construction, installation and commissioning (EPCIC) of a third floating liquefied natural gas (FLNG) facility in Mozambique’s offshore Rovuma Basin. The proposed FLNG unit will be deployed in the deep waters of Area 4, off the coast of Cabo Delgado Province, and is expected to have an

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International Corporate News Energy Oil

QatarEnergy Confirms New Oil Discovery in Namibia’s Orange Basin

QatarEnergy Announces Light Oil Discovery at Merlin-1X Well in Namibia’s Orange Basin QatarEnergy has announced a new offshore oil discovery in Namibia’s Orange Basin following the successful drilling of the Merlin-1X exploration well in Petroleum Exploration Licence 39 (PEL 39), further reinforcing the country’s status as one of the world’s most promising emerging hydrocarbon provinces. The Merlin-1X well encountered a significant oil-bearing reservoir, with preliminary geological analysis confirming the presence of high-quality light crude oil

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International Corporate News Oil

Murphy Oil Strikes Light Oil at Bubale-1X Offshore Côte d’Ivoire

Murphy Oil Discovers High-Quality Light Oil at Bubale-1X Well Offshore Côte d’Ivoire Murphy Oil has announced an oil discovery at the Bubale-1X exploration well in Block CI-709, located approximately 64 kilometres offshore Côte d’Ivoire, marking another milestone in the company’s offshore exploration programme. The Bubale-1X well was drilled to a total depth of 6,263 metres in water depths of 2,376 metres. It encountered 30 metres of net oil pay across two reservoir intervals, with preliminary

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International News Oil

Murphy Oil Strikes New Offshore Discovery in Côte d’Ivoire as Exploration Momentum Builds

Murphy Oil confirms Bubale-1X offshore oil discovery in Côte d’Ivoire, boosting West Africa’s rising production outlook U.S.-based Murphy Oil has announced a new offshore oil discovery in Côte d’Ivoire, reinforcing the country’s growing profile as an emerging hydrocarbon producer in West Africa. The company said its Bubale-1X exploration well in Block CI-709 encountered around 100 feet (approximately 30 metres) of net oil pay across two reservoirs. Early assessments indicate the presence of high-quality light crude,

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