Vital Industry News
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 Nigeria to Launch Cawthorne Crude Exports as Output Recovers
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

Diamonds Corporate News International

Lucara Reports Lower 2025 Earnings as Karowe Underground Expansion Advances

More Angolan Mining News

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…
Corporate News Gas International

Eni Raises Stake in Algeria’s Touat Gas Field to 42.9% After Engie Exit

Eni Expands Position in Algeria’s Touat Gas Field Following Engie Withdrawal Eni has increased its…
Corporate News Gas International Oil

TSE Oil and Gas Prepares for Offshore Exploration in Namibia’s Walvis Basin

TSE Oil to Launch €80 Million Exploration Programme in Namibia’s Walvis Basin Block 2312 Namibian energy firm TSE Oil and Gas has announced its readiness to begin exploration activities in Block 2312 of the Walvis Basin, supported by a comprehensive €80 million (N$1.6 billion) programme. The initiative includes seismic surveys and the drilling of two offshore wells. TSE Oil CEO Thomas Shindi stated that the company submitted its application for a Petroleum Exploration Licence (PEL)

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International Gas Oil

PETROFUND Invests Over N$115 Million in Building Namibia’s Oil and Gas Talent Pipeline

PETROFUND Commits N$115 Million to Train Namibians for Careers in Upstream Oil and Gas Sector The Petroleum Training and Education Fund (PETROFUND) has invested more than N$115 million to develop skilled Namibian professionals for the country’s growing upstream oil and gas industry. Speaking at the 2nd Youth in Oil and Gas Summit, PETROFUND Chief Executive Officer Nillian Mulemi highlighted the impact of the fund’s flagship scholarship programme, which has already benefited 438 Namibians. The scholarship

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International News Oil

Namibia Targets 150 Million Barrels of Oil by 2030 Under New National Plan

Namibia Aims for 150 Million Barrels of Oil by 2030 in Ambitious Energy Strategy Unveiled in NDP6 Namibia has announced bold ambitions to produce 150 million barrels of oil by 2030, as outlined in the newly launched Sixth National Development Plan (NDP6). The plan, unveiled on Monday by President Netumbo Nandi-Ndaitwah, sets forth strategic targets across key sectors, with energy development at the forefront. The production target follows a wave of major offshore oil discoveries

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Corporate News International Oil

Shell Reaffirms Commitment to Namibia’s Oil Exploration Efforts in High-Level Meeting

Shell Strengthens Investment Ties with Namibia Amid Growing Offshore Oil Discoveries A high-level delegation from global energy giant Shell, led by Eugene Okpere—Shell’s Executive Vice President for Exploration Strategy, Portfolio, Integrated Gas, and Upstream—met with Namibian President Netumbo Nandi-Ndaitwah to discuss the company’s ongoing operations and future plans in the country’s oil exploration sector. During the meeting, President Nandi-Ndaitwah expressed her appreciation for Shell’s continued investment in Namibia and reaffirmed the government’s commitment to supporting

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International News Renewable Energy

African Energy Council and Nigeria’s REA Unite to Expand Clean Energy Access

African Energy Council Signs MoU with Nigeria’s REA to Boost Clean Energy in Underserved Communities The African Energy Council (AEC) has signed a Memorandum of Understanding (MoU) with Nigeria’s Rural Electrification Agency (REA) to collaborate on expanding access to clean, reliable energy in underserved and unserved communities across the country. This strategic partnership lays the groundwork for impactful collaboration focused on delivering practical energy solutions to areas that need them the most. By leveraging AEC’s

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International Corporate News Oil

Dangote Refinery Withdraws $66 Million Lawsuit Against NNPC and Petroleum Regulator Over Fuel Import Permits

Dangote Refinery Drops Lawsuit Against NNPC, Petroleum Regulator Over Fuel Import Licenses Dangote Refinery has officially withdrawn its lawsuit against Nigeria’s petroleum industry regulator and several fuel importers, including the state-owned Nigerian National Petroleum Company Limited (NNPC Ltd). The case, filed at the Federal High Court in Abuja, had challenged the issuance of fuel import licenses by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). In addition to NNPC, the suit named five other

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International News Oil

Niger Boosts Oil Revenues and Production After Cutting Ties with French Influence

Niger’s Oil and Gas Boom: A Strategic Shift Toward Self-Reliance Niger has made significant strides in its oil and gas sector, with rising revenues and increased production marking a new era of energy independence and economic potential. This growth comes on the heels of the country’s strategic decision to assert greater control over its natural resources by reducing reliance on French involvement. The shift is already producing measurable results. Authorities have focused on three key

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Corporate News International Oil

TotalEnergies Working Toward Restarting $20 Billion Mozambique LNG Project

TotalEnergies Eyes Restart of $20B Mozambique LNG Project Amid Talks with Government TotalEnergies and its partners are continuing discussions with the Mozambique government to align on restarting construction of the 12.8 million tonnes per annum (mtpa) Mozambique LNG project, CEO Patrick Pouyanné confirmed during the company’s second-quarter earnings call. “This is a major project, and we are working to ensure strong alignment between the government of Mozambique and the investors,” Pouyanné told analysts on Thursday.

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Corporate News Local Mining Projects

Pensana’s Longonjo Rare Earths Mine Stays on Track as Coola Exploration Begins in Angola

Pensana Advances Longonjo Rare Earths Project in Angola, Launches Coola Exploration London-listed rare earths miner Pensana has announced that construction of its Longonjo mine in Angola is progressing on schedule and remains within the allocated capital budget of $217 million. In parallel, the company has commenced exploration activities at the Coola project, located approximately 40 km north of Longonjo. Main construction at Longonjo began in May 2025, following a series of preparatory site works that

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Corporate News Gold Mining Projects

Kavango Resources Identifies Key Structural Controls on Gold Mineralisation at Hillside Project in Zimbabwe

Kavango Confirms Shear Zone Gold Targets at Hillside Project in Zimbabwe’s Filabusi Greenstone Belt London-listed Kavango Resources has released its first technical update on the structural geology of its Hillside gold project, located in Zimbabwe’s Filabusi Greenstone Belt. The analysis, conducted in collaboration with Murgana Structural Consulting of Sofia, Bulgaria, provides valuable insight into the geological setting of three priority prospects: Nightshift, Bill’s Luck, and Steenbok. At all three sites, gold-bearing quartz veins have been

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