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International Gas Oil

Afreximbank Backs Algeria’s Hassi Bir Rekaiz Expansion with $200 Million Financing

24, July, 202624, July, 2026

Afreximbank Approves $200 Million to Support Algeria’s Major Hassi Bir Rekaiz Oil and Gas Development The African Export-Import Bank (Afreximbank) has approved a $200 million financing package to support Shoreline Power Company Limited and Italy’s Arkad SpA in the development of the Hassi Bir Rekaiz (HBR) Phase 2a oil and gas project in Algeria, one of the country’s largest upstream energy developments. The financing will enable Arkad to execute its 44% share of the $980

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International Energy Oil

Gulf Pipeline Expansion Creates New Opportunities for Africa’s Energy Export Strategy

24, July, 202624, July, 2026

Gulf States Advance Seven Pipeline Projects to Bypass Strait of Hormuz, Reshaping Africa’s Energy Trade Gulf countries are accelerating the development of seven major oil and gas pipeline projects designed to bypass the Strait of Hormuz, a strategic maritime chokepoint through which nearly one-fifth of the world’s oil supply passes. The investments aim to strengthen energy security, reduce export risks and ensure uninterrupted access to international markets. The projects, led by Saudi Arabia, the United

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Diamonds Corporate News International

De Beers Reports Strong Production Growth Despite Challenging Diamond Market

23, July, 202623, July, 2026

De Beers Rough Diamond Output Rises 88% as Botswana Operations Drive Production Recovery Global diamond producer De Beers has reported a significant increase in rough diamond production, with output rising 88% year-on-year to 7.8 million carats in the second quarter of 2026. The increase lifted the company’s first-half production to 14.91 million carats, representing a 46% rise compared with the same period last year. De Beers attributed the growth mainly to the recovery of production

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International News Renewable Energy

Zambia Expands Renewable Energy Capacity with 100MW Chisamba II Solar Plant

23, July, 202623, July, 2026

Zambia Doubles Chisamba Solar Capacity to 200MW to Support Mining and Energy Security Zambia has commissioned the 100MW Chisamba II Solar Power Plant, doubling the capacity of the Chisamba Solar Complex to 200MW as the country strengthens its renewable energy capacity and improves electricity security. Developed by power utility ZESCO, the project was financed through a US$71.5 million loan from Stanbic Bank Zambia and supported by a 13-year power purchase agreement with regional energy trader

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Diamonds Corporate News Local

ENDIAMA Showcases Sustainability and Governance During Kimberley Process Review Visit

23, July, 202623, July, 2026

ENDIAMA Highlights Sustainable Diamond Mining and Transparency During Kimberley Process Assessment in Angola Angola’s state-owned diamond company, ENDIAMA E.P., has reaffirmed its commitment to responsible diamond mining, transparency and sustainable development during a review visit by a delegation from the Kimberley Process Certification Scheme (KPCS). The delegation, currently in Angola to evaluate the country’s implementation of rough diamond certification mechanisms, met with ENDIAMA’s Board of Directors on Monday as part of the official assessment process.

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International News Oil Petroleum

Ghana’s Jubilee Oil Field Production Rebounds Following New Drilling Success

22, July, 202622, July, 2026

Kosmos Energy Boosts Ghana’s Jubilee Oil Field Output Above 85,000 bpd with New Wells Ghana’s flagship Jubilee offshore oil field is delivering its strongest production recovery in years as new drilling activity reverses a prolonged decline and strengthens confidence in the country’s oil sector. Operator Kosmos Energy reported average production of 72,000 barrels of oil per day (bpd) during the second quarter of 2026, with output rising above 85,000 bpd by the end of the

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Local Corporate News Energy Oil

Angola and DRC Deepen Energy Cooperation on Shared Offshore Hydrocarbon Resources

22, July, 202622, July, 2026

Angola and DRC Advance Joint Offshore Oil Development with New Cooperation Measures for Common Interest Area Angola and the Democratic Republic of Congo (DRC) have continued to strengthen their energy partnership after technical experts from both countries met in Luanda on Tuesday and Wednesday to advance cooperation within the Area of Common Interest (ACI). According to Angola’s Ministry of Mineral Resources, Petroleum and Gas, the meeting focused on reviewing the implementation of the legal framework

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Energy Economy News Oil

Angola Positioned to Support Global Energy Security Through Oil and Gas Development

22, July, 202622, July, 2026

Angola Highlights Oil and Gas Potential to Meet Growing Global Energy Security Demand Angola has reaffirmed its ability to contribute to global energy security by leveraging its significant oil and gas resources, expanding investment opportunities, and strengthening its role as a reliable energy supplier. The government says the country has the necessary resources, infrastructure, and strategic position to respond to rising global demand for stable and secure energy supplies, while continuing to develop its hydrocarbons

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Local Gas News Oil

Angola Reaffirms Commitment to Private Investment in Oil and Gas Sector

21, July, 202621, July, 2026

Angola Keeps Oil and Gas Sector Open to Private Investment to Drive Growth and Exploration Angola has reaffirmed its commitment to attracting private investment into its oil and gas industry, underscoring the critical role of the private sector in sustaining production, expanding exploration, and supporting the country’s long-term energy ambitions. Speaking during a meeting with industry stakeholders, Minister of Mineral Resources, Petroleum and Gas Diamantino Azevedo said Angola remains open to both domestic and international

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Local Corporate News Oil

Galp Returns to Angola’s Oil Exploration Sector with New Investment Plans

21, July, 202621, July, 2026

Portuguese Energy Company Galp Returns to Angola Oil Exploration as Sonangol Partnership Strengthens Portuguese energy company Galp is preparing to return to oil exploration activities in Angola, marking a renewed interest in one of Africa’s most important oil-producing markets. The company is planning new investments in Angola’s upstream oil and gas sector through renewed cooperation with Sonangol, Angola’s state-owned oil company. The move reflects growing confidence in the country’s petroleum industry and its long-term exploration

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