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…
International Energy Oil Technology & Innovation

Namibia Selects South African Nuclear Technology for Walvis Bay Oil Refinery

Namibia to Power New Walvis Bay Oil Refinery with South African Modular Nuclear Reactor Namibia has chosen cutting-edge South African nuclear technology to power a new oil refinery planned for Walvis Bay, a move that marks a significant step toward energy independence and industrial expansion. The project is being spearheaded by the Dune 7 Special Purpose Vehicle (SPV) and enjoys the backing of the Namibian government. The planned facility will have a capacity of 300,000

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Corporate News Gas Oil

BW Energy to Invest Up to US$700 Million in 2025 for Namibia’s Kudu Gas and Brazil’s Maromba Oil Projects

BW Energy Commits Up to US$700 Million in 2025 Capex, Targets Major Developments in Namibia and Brazil BW Energy has allocated between US$650 million and US$700 million (approximately N$12 billion to N$12.95 billion) in capital expenditure for 2025, focusing on upstream oil and gas developments in Namibia and Brazil. In its latest half-year report, the company confirmed plans to drill an appraisal well on Namibia’s Kudu gas field in the fourth quarter of 2025, following

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Diamonds Corporate News International

De Beers Namibia Sees 12% Profit Drop in H1 2025 as Diamond Prices Fall

De Beers Namibia Reports Profit Decline Amid Lower Diamond Prices and Global Market Challenges De Beers Namibia has reported a decline in earnings for the first half of 2025, with underlying operating profit falling to N$1.09 billion (US$58 million)—a 12% drop from N$1.24 billion (US$66 million) recorded during the same period last year. According to the company’s latest financial report, underlying EBITDA (earnings before interest, taxes, depreciation, and amortisation) fell to N$1.47 billion (US$78 million),

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International Energy Gas News Oil

African Parliaments Urged to Lead Inclusive and Sustainable Energy Transition

SARW and IMD Call on African Lawmakers to Champion Just, Sustainable Energy Transition MAPUTO – The Southern African Resources Watch (SARW) has called on African parliaments to take a leading role in steering the continent toward a more inclusive and sustainable energy transition. Speaking at the Regional Inter-Parliamentary Conference on Climate Change, Energy Transition, and the Oil and Gas Sector—held this week in Maputo—SARW Executive Director Claude Kabemba emphasized that the shift to cleaner energy

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International News Oil

Nigeria’s Oil Output Rises as Security Efforts and Reforms Take Hold

Nigeria’s Oil Production Increases Amid Security Boost and Regulatory Reforms Nigeria’s oil production increased last month, continuing a steady upward trend, according to the head of the country’s upstream petroleum regulator. As Africa’s top crude oil producer, Nigeria depends heavily on oil revenues for government funding and foreign exchange. Sustained production growth is therefore critical to the nation’s economic stability. In recent years, the sector has faced significant challenges, including oil theft, insecurity in the

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International Corporate News Oil

ReconAfrica Begins Drilling Kavango West 1X Well to Unlock Namibia’s Damara Fold Belt Potential

ReconAfrica Starts Drilling Kavango West 1X in Namibia, Targets 1,500m Otavi Carbonate Reservoir Reconnaissance Energy Africa (ReconAfrica) has officially commenced drilling operations for the Kavango West 1X exploration well, located within Petroleum Exploration Licence 73 in northeastern Namibia. The well is expected to reach a depth of approximately 3,800 meters by late November 2025, with a key target of more than 1,500 meters of Otavi carbonate reservoir—the primary zone of interest within the Damara Fold

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Renewable Energy International

AfDB Invests €6 Million in Burkina Faso Solar Plant to Boost Sahel Energy Transition

AfDB Funds 18MW Solar Power Plant in Burkina Faso Under Desert-to-Power Initiative The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (AfDB), has committed €6 million to support the development of an 18-megawatt solar power plant in Dédougou, Burkina Faso. The project forms part of the Desert-to-Power initiative, which aims to transform the Sahel region into a global solar energy hub. Announced at a signing ceremony in Paris, the financing package

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Oil Corporate News Gas International

BW Energy Mobilizes Deepsea Mira Rig for Kudu Gas Appraisal Well in Namibia

BW Energy to Drill Kharas Appraisal Well in Namibia’s Orange Basin Using Deepsea Mira Rig BW Energy has signed a contract to mobilize the Deepsea Mira semi-submersible rig for drilling the Kharas appraisal well on the Kudu license, located offshore in Namibia’s Orange Basin. The rig is operated by Northern Ocean Ltd., under a previously announced platform-sharing agreement with Rhino Resources Ltd. The rig will be deployed through BW Kudu Ltd., a wholly owned subsidiary

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Renewable Energy Corporate News International

Oando to Launch Africa’s First 1.2GW Solar Module Plant with Recycling Line by 2026

Oando to Build Africa’s First Solar Panel Assembly Plant with Recycling Capability Oando PLC is advancing plans to establish a 1.2-gigawatt solar PV module assembly plant, as revealed in its Q1 2025 financial report. The company has secured land for the facility and completed financial modeling. This milestone follows a Memorandum of Understanding (MoU) signed between Oando Clean Energy and the Rural Electrification Agency (REA). According to Oando Clean Energy CEO Demola Ogunbanjo, the project

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International Oil Petroleum

Nigeria’s Fuel Import Surge Undermines Dangote Refinery and Strains Forex Reserves

Nigeria Imports 71% of Petrol Despite $20 Billion Dangote Refinery, Intensifying FX Pressure Despite the launch of the $20 billion Dangote Petroleum Refinery in Lekki, Nigeria continues to rely heavily on imported refined petroleum products. According to recent data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), fuel marketers imported 71.38% of Nigeria’s petrol supply in May and June 2025, leaving just 28.62% sourced from domestic refining. This import-heavy approach comes at a

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