Vital Industry News
Global Energy Transition Accelerates in 2025 as Renewables and Nuclear Expand PHC Plans Palm Oil Refinery in DRC to Boost Local Value Addition and Reduce Import Gap IEA Warns Middle East Conflict Could Disrupt Up to 120 bcm of Global LNG Supply Through 2030 $1.32 Billion Secured for Lobito Corridor Railway to Link Zambia’s Copperbelt to Global Markets via Angola India-Led Kimberley Process Pushes for Digital Traceability and Stronger Diamond Certification Standards Burkina Faso Moves to Increase State Stake in Kiaka Gold Mine Amid West African Resources Expansion Plans Africa’s Strategic Rise as Global Energy and Shipping Routes Shift Away from the Strait of Hormuz Namibia’s Oil and Gas Sector Enters New Investment Phase with Planned Sintana Energy NSX Listing AfDB Boosts Uganda Rural Electrification Drive with €7.33 Million in Additional Financing TotalEnergies Expands African Energy Push as Namibia Emerges as Key Offshore Oil Frontier
International News Renewable Energy

Global Energy Transition Accelerates in 2025 as Renewables and Nuclear Expand

International News Oil

PHC Plans Palm Oil Refinery in DRC to Boost Local Value Addition and Reduce Import Gap

International Gas News

IEA Warns Middle East Conflict Could Disrupt Up to 120 bcm of Global LNG Supply Through 2030

More Angolan Mining News

International News Renewable Energy

Global Energy Transition Accelerates in 2025 as Renewables and Nuclear Expand

The global energy transition strengthened in 2025, with more than 12 GW of nuclear capacity…
International News Oil

PHC Plans Palm Oil Refinery in DRC to Boost Local Value Addition and Reduce Import Gap

DRC’s PHC to Build Palm Oil Refinery by 2028 as Company Targets Vertical Integration and…
International Gas News

IEA Warns Middle East Conflict Could Disrupt Up to 120 bcm of Global LNG Supply Through 2030

Middle East Conflict May Cut 120 bcm of Global LNG Supply by 2030, Warns International…
Local News Transport and Logistics

$1.32 Billion Secured for Lobito Corridor Railway to Link Zambia’s Copperbelt to Global Markets via Angola

Africa Finance Corporation and AfDB Back $5 Billion Lobito Corridor Railway to Connect Zambia Copper…
Diamonds International News

India-Led Kimberley Process Pushes for Digital Traceability and Stronger Diamond Certification Standards

Kimberley Process Chair Calls for Digital Traceability and Stronger Compliance to Boost Global Diamond Certification…
International Gold News

Burkina Faso Moves to Increase State Stake in Kiaka Gold Mine Amid West African Resources Expansion Plans

Burkina Faso Seeks 40% Stake in Kiaka Gold Mine as West African Resources Suspends Trading…
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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Corporate News Economy International Oil

Afreximbank Leads $1.35 Billion Refinancing Deal for Dangote Industries

Afreximbank Secures $1.35 Billion for Dangote Refinery in Landmark African Financing Deal The African Export-Import Bank (Afreximbank) has announced the signing of a $1.35 billion financing facility for Dangote Industries Limited (DIL), as part of a broader $4 billion syndicated loan package for Africa’s largest industrial conglomerate. Afreximbank acted as the Mandated Lead Arranger for the transaction—one of the largest syndicated financings recently recorded in African markets. The funds will be used to refinance capital

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International Gas Oil

NNPCL Boosts Northern Nigeria’s Energy Sector with New Oil Wells and CNG/LNG Plants

NNPCL Drills Four Oil Wells in Bauchi, Advances Gas Projects in Northern Nigeria Mr. Yusuf Usman, Director of the Nigerian National Petroleum Company Limited (NNPCL), has announced the successful drilling of four oil wells in Kolmani, Bauchi State. This marks a significant milestone in NNPCL’s ongoing efforts to expand oil and gas exploration activities in northern Nigeria. Speaking in Kaduna during a two-day interactive session organized by the Sir Ahmadu Bello Memorial Foundation, Usman emphasized

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