Angolan Mining Oil & Gas - Top Angolan News for Oil, Gas and Mining Industries

Lucara Reports Strong Financing Progress and Underground Expansion Momentum at Karowe Mine

10, May, 202610, May, 2026

Lucara Diamond Strengthens Balance Sheet as Karowe Underground Project Advances Toward 2028 Production Lucara Diamond Corporation has reported a “transformational” first quarter, driven by the successful completion of equity and bond financing for its Karowe underground project (UGP) in Botswana. The funding milestone has significantly strengthened the company’s balance sheet and positioned it for long-term value creation. For the three months ended March 31, Lucara recorded revenue of US$21.8 million, reflecting a higher proportion of

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Corporate News Diamonds International

Petra Diamonds Launches Cost Cuts as Debt Rises and Market Pressures Hit Operations

10, May, 202610, May, 2026

Petra Diamonds Reviews Capex and Considers Finsch Mine Suspension Amid Weak Diamond Prices and Rising Debt London-listed Petra Diamonds has launched an urgent review of costs and capital expenditure (capex) across its operations as it moves to protect liquidity amid sustained pricing pressure in the global diamond market. The company is also considering suspending further capex at its Finsch mine in South Africa due to escalating cost pressures. In its operational update for the quarter

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Diamonds International Mining Personality

Ronnie VanderLinden Appointed President of World Diamond Council

10, May, 202610, May, 2026

World Diamond Council Names Ronnie VanderLinden President Amid Natural Diamond Industry Challenges Ronnie VanderLinden has been appointed president of the World Diamond Council (WDC) following the organisation’s 2026 Annual General Meeting held in Antwerp on May 7. Mr VanderLinden succeeds Feriel Zerouki at a time when the global natural diamond industry is facing weaker demand, increasing competition, and fragmented messaging across the sector. In his first remarks as president, Mr VanderLinden stressed the need for

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International News Oil

Kenya Set to Begin Commercial Oil Production From South Lokichar Fields

10, May, 202610, May, 2026

Kenya to Launch Commercial Oil Production in Turkana as East Africa Expands Energy Ambitions Kenya is set to officially join Africa’s oil-producing nations, with commercial oil production expected to begin before the end of the year from the South Lokichar oil fields in Turkana County. Energy Cabinet Secretary Opiyo Wandayi told lawmakers that initial production will start at approximately 20,000 barrels per day before gradually increasing to around 50,000 barrels per day as operations expand.

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International Gas News

Ghana Signs New Gas Expansion Deal With Eni and Vitol to Strengthen Energy Security

10, May, 202610, May, 2026

Ghana Partners Eni, Vitol and GNPC to Boost Domestic Gas Production by 2028 Ghana has signed a new agreement with Eni, Vitol Group, and Ghana National Petroleum Corporation (GNPC) to expand domestic gas production as the country moves to strengthen energy security and reduce dependence on imported fuels. According to local media reports, the agreement supports efforts to increase gas output under the Offshore Cape Three Points (OCTP) project, one of Ghana’s most important upstream

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Corporate News Local Oil

Angola’s Cabinda Refinery Begins Fuel Supply as Country Expands Energy Security Strategy

10, May, 202610, May, 2026

Angola’s New Cabinda Refinery Starts Fuel Production, Reducing Dependence on Imports Angola’s newly commissioned Cabinda oil refinery, the first refinery built in the country since independence from Portugal 50 years ago, has officially begun supplying refined fuel products to both domestic and international markets. The development comes at a time of heightened global fuel supply concerns linked to ongoing geopolitical tensions involving Iran and the broader Middle East region. Before the launch of the Cabinda

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International Energy Mining News

DRC Weighs Stake in $270M Zambia Power Link to Ease Mining Energy Shortages

6, May, 20266, May, 2026

DRC Considers Equity in Zambia Power Project to Boost Copper Output and Tackle Energy Deficit The Democratic Republic of the Congo is considering taking an equity stake in a $270 million cross-border electricity project with Zambia, as persistent power shortages threaten production in one of the world’s most important copper regions. According to the finance ministry, the proposed investment would give Kinshasa a direct role in developing a 200-kilometre high-voltage transmission line linking Kalumbila in

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International Corporate News Oil

ADES Secures $92.7M Offshore Drilling Contract in Nigeria, Expands West Africa Footprint

6, May, 20266, May, 2026

ADES Wins $92.7 Million Nigeria Offshore Drilling Deal with Seplat, Strengthens West Africa Presence ADES International Holding has secured a $92.7 million offshore drilling contract in Nigeria with Seplat Energy Producing Nigeria Unlimited, marking a further expansion of its footprint in West Africa’s oil and gas sector. The agreement covers the operation of the Shelf Drilling Victory rig for an initial two-year period, with options for extension. The contract, originally valued at 347.6 million Saudi

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Local News Renewable Energy

Luau Solar Park Strengthens Angola’s Energy Future and Lobito Corridor Development

6, May, 20266, May, 2026

Angola Inaugurates Luau Solar Park to Boost Clean Energy, Rural Electrification, and Lobito Corridor Growth The Angolan government has described the newly inaugurated Luau Photovoltaic Solar Park as a strategic asset for both national electrification and the development of the Lobito Corridor, emphasizing its role in driving progress, inclusion, and sustainable growth. Speaking at the inauguration ceremony, Minister of Energy and Water João Baptista Borges highlighted the significance of the project, calling it a transformative

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Local News Renewable Energy

Angola Accelerates Renewable Energy Transition with Luau Solar Park

6, May, 20266, May, 2026

Angola Expands Clean Energy Mix with Luau Solar Park, Powering 20,000+ Homes The MCA Group has praised the Angolan government’s strategy of investing in renewable and environmentally friendly energy, highlighting that ongoing and completed projects demonstrate a clear commitment to a sustainable energy transition. Elisabete Alves, Chair of MCA Angola, described the approach as forward-looking and effective, noting that the government is developing a balanced energy mix by maximizing the country’s hydroelectric and solar potential.

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