Vital Industry News
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 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
Oil Economy International News

Global Oil Prices Surge Amid Rising Tensions in the Middle East

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

More Angolan Mining News

Oil Economy International News

Global Oil Prices Surge Amid Rising Tensions in the Middle East

Oil Prices Jump Above $114 as Strait of Hormuz Disruptions Trigger Global Energy Market Fears…
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…
Local Gas News Oil

Sonangol Confirms 30% IPO Plan to Boost Oil and Gas Expansion

Angola’s Sonangol to Launch 30% IPO to Fund Exploration and Strengthen Energy Sector Angola’s state-owned oil giant Sonangol has reaffirmed its commitment to proceed with an Initial Public Offering (IPO) that will make 30% of its shares available to investors. The move is aimed at raising capital to advance exploration and production projects, as part of broader government efforts to transform Sonangol into a more competitive upstream player. Initially scheduled for 2022, the IPO process

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International Gas News Oil

Mozambique’s ENH Sets Sights on Becoming Oil and Gas Operator

ENH Plans Shift to Operator Role in Mozambique’s Oil and Gas Sector Maputo — The National Hydrocarbons Company (ENH) is preparing to transition from its traditional role as a minority partner in Mozambique’s oil and gas projects to a full-fledged operator, aiming for greater leadership in exploration and production. The strategic shift was a key focus of a board retreat held since Friday in Ponta do Ouro, Matutuine district, Maputo province. The meeting brought together

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Corporate News International Oil

Mozambique and TotalEnergies Near Deal to Restart $20B LNG Project After Four-Year Hiatus

Mozambique, TotalEnergies in Final Talks to Restart $20B LNG Project and Unlock 17 LNG Carrier Orders Maputo — Negotiations between Mozambique and TotalEnergies to restart the long-delayed liquefied natural gas (LNG) megaproject have reached their final phase, raising expectations for long-awaited LNG carrier orders from South Korea’s HD Hyundai Samho Heavy Industries and Samsung Heavy Industries. The Mozambique LNG project — the largest foreign investment in African history — was halted in 2021 after TotalEnergies

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Governance Economy Local

Zambia Secures $30.1 Million in Trade Deals to Boost Angola Partnerships at FILDA 2025

Zambian Firms Seal $30.1 Million in Deals at Angola’s FILDA Trade Fair Luanda — The Zambian Development Agency (ZDA) has announced that Zambian companies secured an estimated US$30.1 million in trade deals during the 40th Edition of the Angola International Trade Fair (FILDA 2025). The agreements reflect growing interest from Zambian businesses in expanding partnerships with Angolan companies across multiple sectors. In a statement released Monday, the ZDA confirmed that 20 Zambian companies participated in

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Corporate News Gold International

Barrick Mining Faces $1.04 Billion Charge After Mali Seizes Loulo-Gounkoto Gold Complex

Barrick Mining Books $1.04 Billion Loss Following Mali Military Seizure of Gold Mine Shares of Barrick Mining Corporation declined after the Canadian gold producer recorded a $1.04 billion charge linked to the seizure of its extensive Loulo-Gounkoto gold complex by Mali’s military junta. The company described the loss as a “deconsolidation” of the operation following a change of control, as detailed in its second-quarter earnings report released Monday. This significant charge was partly offset by

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International News Oil

India Boosts Nigerian Crude Imports Amid US Pressure to Cut Russian Oil

India to Import Over 2 Million Barrels of Nigerian Crude in 2025 as Refiners Shift from Russian Oil India’s state-owned refineries are increasingly turning to Nigerian crude oil to meet their supply needs, signaling a notable shift in global energy trade patterns. Over two million barrels of Nigerian oil are expected to arrive in India between September and October 2025, driven largely by US political pressure on India to reduce its dependence on Russian crude.

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International Corporate News Gas

Renaissance Energy Meets NLNG Gas Supply Commitment After Five Years

Renaissance Energy Achieves First Gas Supply to NLNG in Five Years with 40% Crude Production Increase Renaissance Energy has fulfilled its contractual gas supply obligations to Nigeria Liquefied Natural Gas (NLNG) Limited for the first time in five years, marking a significant step toward stabilizing operations and expanding production capacity across its onshore assets. The company announced this milestone during the 2025 Nigeria Annual International Conference and Exhibition (NAICE) organized by the Society of Petroleum

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International News Oil

NUPRC to Award 220 Open Oil Blocks Nationwide Following Bid Rounds

Nigerian Upstream Petroleum Regulatory Commission to Release 220 Oil Blocks Including 59 Deep Offshore for Bidding The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced plans to award 220 open oil blocks across Nigeria’s onshore and offshore basins after completing periodic bid rounds and meeting necessary conditions. According to NUPRC data, the largest share of unlicensed blocks is in the deep offshore terrain, with 59 blocks available. The Benue Trough follows with 41 open blocks,

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Corporate News International Oil

Dangote Petroleum Refinery Launches Nationwide CNG Truck Fleet to Revolutionize Fuel Distribution

Dangote Petroleum Invests ₦720 Billion in 4,000 CNG Trucks to Cut Fuel Costs and Boost Nigeria’s Energy Efficiency Dangote Petroleum Refinery has begun receiving 4,000 Compressed Natural Gas (CNG) trucks in phases as part of its ambitious plan to launch a nationwide petroleum product distribution network. This logistics initiative aims to transform fuel distribution across Nigeria by lowering costs, improving efficiency, and delivering direct benefits to consumers. In June, Dangote announced it was investing over

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International Energy News

Kenya Approves Olkaria VII Geothermal Plant to Boost Renewable Energy Capacity

Kenya Greenlights 80.3 MW Olkaria VII Geothermal Power Plant to Expand National Grid by 2027 The Kenyan government has approved the construction of the Olkaria VII geothermal power plant, led by state-owned electricity producer KenGen. The project is expected to add 80.3 MW of clean energy to Kenya’s national grid by mid-2027. KenGen plans to utilize power from 19 geothermal production wells, with the option to drill up to seven additional wells during the plant’s

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