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…
Local News Oil

Agogo FPSO Achieves Provisional Operational Readiness, Boosting Angola Oil Output

Agogo FPSO Achieves Provisional Operational Readiness, Boosting Angola Oil Output The Agogo FPSO unit has been awarded a Provisional Operational Readiness Certificate (PORC), marking the start of its 15-year charter and operational lease. The certificate follows the commencement of production in July 2025 and formalizes the lease-and-operate agreement between FPSO developer Yinson Production and project operator Azule Energy. Yinson Production secured the contract with Azule Energy in 2023 for the provision, operation, and maintenance of

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International News Oil

Congo Targets 500,000 Barrels of Oil Per Day by 2030

Republic of Congo Plans to Boost Oil Production to 500,000 BPD by 2030 The Republic of Congo has announced plans to increase national oil production to 500,000 barrels per day (bpd) by 2030 to meet growing domestic demand. Bruno Jean-Richard Itoua, Minister of Hydrocarbons, reported that cumulative oil production from January 1 to July 31 reached 56,945,552 barrels, averaging 268,000 bpd over 212 days—a 5.2% increase compared with the same period in 2024. The Minister

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International News Oil

Nigeria to Offer 220+ Oil Blocks in Major Licensing Round

Nigeria Launches Licensing Round for 220+ Oil Blocks to Boost Energy Production The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is set to award more than 220 oil blocks in its upcoming licensing round, aiming to attract fresh investment and accelerate exploration across the country. The allocation includes 59 unlicensed offshore deepwater blocks, 41 in the Benue Trough, 40 in the Chad Basin, 28 in the Sokoto Basin, 16 in the Bida Basin, 13 in the

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Gas International News

Senegal to End Natural Gas Imports by 2026

Senegal to Stop Gas Imports in 2026, Saving 140 Billion CFA and Lowering Electricity Costs Senegal will cease importing natural gas starting in 2026, Prime Minister Ousmane Sonko announced, citing projected annual savings of 140 billion CFA francs and a reduction in electricity costs. Local production will replace expensive imports used for power generation. This move comes as Senegal emerges as a new oil and gas producer, with operations beginning at the Greater Tortue Ahmeyim

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Local News Oil

Angola Launches KUMA Project to Train 5,000 for Cabinda Refinery

Minister Azevedo Unveils KUMA Project to Equip Angolans for Cabinda Refinery Jobs Angola’s Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo, has officially launched the KUMA Project in Cabinda. Designed to train 5,000 people in specialized skills, the initiative will directly support operations at the upcoming Cabinda Refinery. The program is led by Sonangol, Angola’s national oil company, in partnership with investment firm Gemcorp, the developers of the Cabinda Refinery. Training will be delivered

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International News Renewable Energy

Uganda Approves 100 MW Solar Plant With Battery Storage in Kapeeka

Uganda Greenlights 100 MW Solar Plant With 250 MWh Battery Storage in Kapeeka The Government of Uganda has approved the construction of a 100-megawatt solar photovoltaic plant with a 250 MWh battery energy storage system in Kapeeka. The project will be developed by U.S.-based Energy America, with its East Africa subsidiary, EA Astrovolt, serving as the lead developer and execution partner. EA Astrovolt will oversee project development, regulatory compliance, stakeholder engagement, and long-term system performance.

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Local News Renewable Energy

Bié Inaugurates Cuito Solar Park and Launches Major Rural Electrification Project

Bié Province Expands Clean Energy With New Solar Park and Rural Electrification for 200,000 Residents The province of Bié has strengthened its energy infrastructure with the inauguration of the Cuito Solar Photovoltaic Park, a project with 14.65 MWp of installed capacity that will supply clean power to more than 30,000 families. The inauguration ceremony, held on Sunday, was attended by the Minister of Energy and Water, João Baptista Borges, and the Provincial Governor of Bié,

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Oil Local News Petroleum

Angola’s Fuel Imports Drop 18% in Q2 2025

Angola Cuts Fuel Imports to 9.4 Million Tons in Second Quarter of 2025 Angola imported 9.4 million metric tons of fuel in the second quarter of 2025, worth USD 438 million — an 18 percent decrease compared to the previous quarter, according to official data. Luis Fernando, Director-General of the Petroleum Derivatives Regulatory Institute (IRDP), told the Angola Press Agency that imports were dominated by diesel (59.6 percent), followed by gasoline (25 percent), Jet A1

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Local News Renewable Energy

Moxico Leste to Boost Energy Supply with Luau and Cazombo Solar Plants

Two New Solar Plants in Moxico Leste to Power Over 36,000 Homes by Year-End Moxico Leste’s energy capacity is set to expand significantly in the coming months with the launch of two new photovoltaic plants in Luau and Cazombo. The Luau facility is scheduled to begin operations in September, followed by the Cazombo plant in November, together supplying clean power to more than 36,000 households. According to the Moxico Leste provincial government, the Cazombo photovoltaic

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Diamonds Local News

Azevedo Warns of Serious Challenges in Lunda Norte’s Diamond Sector

Angola’s Mining Minister Flags Illegal Diamond Trade and Child Labor in Lunda Norte The Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, has warned that diamond mining in Lunda Norte faces “a serious and complex challenge,” with the province recording the highest number of illegal diamond hotspots in Angola. Speaking during the inauguration of a new university campus in Lunda Norte, a USD 60 million investment unveiled by President João Lourenço, the minister expressed

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