Vital Industry News
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 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
International News Oil

Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium

Gold International

Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions

Oil Economy International News

Global Oil Prices Surge Amid Rising Tensions in the Middle East

More Angolan Mining News

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…
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…
Corporate News Local Oil

OPEC+ Oil Production Increase to Impact Angola Starting September 2025

OPEC+ Boosts Oil Production by 547,000 Barrels Daily from September 2025 — What This Means for Angola’s Oil IndustryThe Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced on Sunday a decision to increase oil supply by 547,000 barrels per day, effective from September 1, 2025. This move comes amid a globally stable economic outlook, with eight participating countries agreeing on the production adjustment in a virtual meeting. The decision was made by

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Local News Transport and Logistics

Port of Lobito Secures ISO Certification and Top Award at Angola Fair

Port of Lobito Achieves Positive ISO Certification Audit and Wins Top Award at Angola Municipalities Fair The Port of Lobito has recently received a positive evaluation of its Integrated Management System from auditing firm MS Certification, in line with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 standards. According to a report, the port authority earned top marks for quality management, environmental protection, and occupational health and safety. A team of MS Certification auditors spent a

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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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