Vital Industry News
Sintana Energy Advances Major Oil Discovery Offshore Namibia Roc Oil Confirms Commercial Oil Discovery Offshore Egypt MSC Launches Afungi Shuttle to Strengthen Logistics for Mozambique LNG Project Mozambique LNG Project Reaches 45% Completion as TotalEnergies Accelerates Construction Botswana Regains Duty-Free Access to U.S. Market as Temporary Tariffs Expire Anglo American Denies Favouring Buyer as De Beers Sale Talks Continue African Diamond Producers Struggle to Recover as Market Pressures Persist Angola Records Strong Increase in Oil Revenue in Second Quarter Botswana’s Diamond Legacy Shines With Discovery of 1,300-Carat Gem Galp Signals Potential Return to Angola as Oil Opportunities Re-emerge
International Corporate News Oil

Sintana Energy Advances Major Oil Discovery Offshore Namibia

Oil Corporate News International

Roc Oil Confirms Commercial Oil Discovery Offshore Egypt

International Gas Oil Transport and Logistics

MSC Launches Afungi Shuttle to Strengthen Logistics for Mozambique LNG Project

More Angolan Mining News

International Corporate News Oil

Sintana Energy Advances Major Oil Discovery Offshore Namibia

Sintana Energy’s Namibia Oil Discovery Strengthens Orange Basin Potential Sintana Energy is advancing its position…
Oil Corporate News International

Roc Oil Confirms Commercial Oil Discovery Offshore Egypt

Roc Oil Confirms Commercial Discovery at East Yidma-1 Offshore Egypt Roc Oil has confirmed a…
International Gas Oil Transport and Logistics

MSC Launches Afungi Shuttle to Strengthen Logistics for Mozambique LNG Project

MSC Launches Afungi Shuttle Linking Nacala and Maputo to Mozambique LNG Project Mediterranean Shipping Company…
Corporate News International Oil

Mozambique LNG Project Reaches 45% Completion as TotalEnergies Accelerates Construction

Mozambique LNG Project Hits 45% Completion as TotalEnergies Targets First Gas in 2029 The TotalEnergies-led…
Diamonds International News

Botswana Regains Duty-Free Access to U.S. Market as Temporary Tariffs Expire

Botswana Diamond Exports Return to 0% U.S. Tariff as Section 122 Duties Expire Botswana’s exports…
Corporate News Diamonds International

Anglo American Denies Favouring Buyer as De Beers Sale Talks Continue

Anglo American Says No Preferred Bidder as De Beers Sale Could Fetch $1 Billion Anglo…
International Energy News Oil

IEA Warns Strait of Hormuz Crisis Could Threaten Global Energy Security

Global Energy Security at Risk as IEA Warns Strait of Hormuz Disruption Could Last for Weeks The International Energy Agency (IEA) has warned that global energy security could come under serious pressure if disruptions in the Strait of Hormuz are not resolved within weeks. IEA Executive Director Fatih Birol said prolonged instability around the strategic waterway could have major consequences for global oil and gas markets, given the strait’s role as one of the world’s

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International Expos & Events Renewable Energy Sponsored

Grid Gap in Focus as Southern African Utility Leaders Join AEW Power Africa Today

Senior executives from some of Southern Africa’s top power utilities and grid operators are confirmed to speak at the Power Africa Today conference during African Energy Week (AEW) 2026 in Cape Town from October 12-16. Their participation reflects the growing focus on transmission infrastructure, grid modernization and regional power market integration as the continent works to match generation growth with the networks needed to deliver it. South Africa’s Eskom has stabilized its generation fleet after

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International Corporate News Gold

Nova Africa Plans $21 Million Restart of Botswana Gold Mine

Nova Africa Announces $21 Million Investment to Restart Botswana Gold Mining Operations Nova Africa Resources is planning a US$21 million investment to restart gold mining operations in Botswana, as the company seeks to revive production and unlock the value of the country’s mineral resources. The project involves the redevelopment of a previously inactive gold mine, with funding expected to support mine rehabilitation, infrastructure upgrades, exploration activities and the preparation of the operation for renewed production.

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Local Corporate News Energy

Trafigura Withdraws from Angola’s $2 Billion Power Project Amid Development Challenges

Trafigura Exits Angola’s $2 Billion Power Plant Project, Raising Questions Over Energy Expansion Plans Global commodities company Trafigura has withdrawn from a planned US$2 billion power project in Angola, creating uncertainty around one of the country’s major energy infrastructure developments. The project, which was expected to support Angola’s electricity generation capacity and strengthen industrial growth, was part of broader efforts to expand the country’s energy infrastructure and improve power supply reliability. Trafigura’s decision to step

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Corporate News International Oil

Nigeria Offers Shell New Incentives to Accelerate $20 Billion Offshore Oil Project

Nigeria Introduces Tax Incentives to Fast-Track Shell’s $20 Billion Bonga South West Oil Development Nigeria has introduced new investment incentives aimed at accelerating the development of Shell’s Bonga Southwest Aparo (BSWA) deepwater oil project, a major offshore development expected to attract around US$20 billion in investment. The incentives are designed to improve the project’s commercial viability and encourage Shell and its partners to move forward with a Final Investment Decision (FID) after years of delays.

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International Corporate News Oil

Dangote Refinery Moves to Dollar-Based Fuel Pricing Amid Currency and Supply Pressures

Africa’s Largest Oil Refinery Switches to US Dollar Pricing for Fuel Sales in Nigeria Nigeria’s Dangote Petroleum Refinery, the largest oil refinery in Africa, has introduced a new pricing system that links the sale of refined petroleum products to the US dollar. The move replaces the previous naira-based pricing structure and is aimed at managing foreign exchange risks associated with crude oil purchases, operational costs and international market fluctuations. The refinery’s decision comes as it

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Local News Oil

Angola’s Oil Industry Rebounds in 2026 as Deepwater Investment Drives Production Revival

Angola Oil Sector Gains New Momentum in 2026 as Deepwater Projects Attract Billions in Investment Angola’s oil industry is entering a new phase of recovery in 2026, supported by renewed investment in offshore projects, increased exploration activity and stronger confidence from international oil companies. After several years of declining production caused by maturing fields and limited new developments, Angola’s deepwater sector is regaining momentum. Major oil producers are extending their commitments in the country, while

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Gas Local News

Angola LNG Plant Begins 32-Day Maintenance Shutdown as Gas Production Temporarily Falls

Angola LNG has temporarily halted operations at its Soyo facility for a 32-day maintenance programme, reducing LNG production while ensuring long-term reliability of the gas plant Angola LNG has temporarily suspended operations at its liquefied natural gas (LNG) plant in Soyo, Zaire Province, to carry out scheduled maintenance work aimed at improving the reliability, safety and efficiency of its facilities. The maintenance programme is part of a planned intervention involving the Angola LNG plant, the

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Local Economy News

Angola Adds Chinese Yuan to Approved Foreign Currency Reserves

Angola Approves Chinese Yuan for Foreign Currency Reserves as Ties with China Deepen Angola’s central bank has authorised commercial banks to use the Chinese yuan as part of their foreign currency reserve requirements, marking a further step in strengthening financial and economic relations between Angola and China. The decision allows banks operating in Angola to hold yuan, alongside other approved currencies, to meet mandatory foreign exchange reserve obligations. The move is expected to support liquidity

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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 to Nigeria’s deepwater oil sector with a planned $1 billion investment in the Usan Infill Project, marking the company’s first major drilling campaign in the country in nearly a decade. The project, located in Oil Mining Lease (OML) 138 offshore Nigeria, is expected to increase crude oil production by approximately 40,000 barrels per day and strengthen output from the Usan

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