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Angola and Algeria Deepen Cooperation in Oil, Gas and Mineral Resources

27, May, 202627, May, 2026

Angola and Algeria Strengthen Energy and Mining Cooperation Following João Lourenço’s State Visit Angola and Algeria are advancing bilateral cooperation in the oil, gas and mineral resources sectors following high-level discussions between Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, and Algerian Ambassador to Angola, Mounir Bourouba. The meeting, held on Monday at Angola’s Ministry of Mineral Resources, Petroleum and Gas (MIREMPET), focused on the implementation of agreements signed during President João Lourenço’s

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Local News Renewable Energy

Angola Inaugurates Luau Solar Park to Power Rural Communities and Strengthen Lobito Corridor

27, May, 202627, May, 2026

Angola Launches Luau Solar Park to Electrify 20,000 Homes and Boost Lobito Corridor Development The Angolan government has described the newly inaugurated Luau Photovoltaic Solar Park as a strategic infrastructure project that will strengthen the Lobito Corridor while advancing rural electrification, sustainable development and economic inclusion. The solar park, inaugurated on Monday by President João Lourenço in Luau municipality, Moxico Leste Province, forms part of Angola’s broader effort to expand access to clean energy and

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International Diamonds News

Zimbabwe Aims to Increase Diamond Production Amid Weak Global Prices and Industry Challenges

27, May, 202627, May, 2026

Zimbabwe Targets 5 Million Carats Diamond Output Despite Global Price Decline and Market Pressures Zimbabwe Consolidated Diamond Company says it plans to raise diamond production to 5 million carats this year, despite continued weakness in global diamond prices and rising competition from synthetic stones. The target represents an increase of about 1.2 million carats compared with production levels in 2025, even as the global diamond industry faces sustained pressure from geopolitical tensions, shifting demand patterns,

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Local Corporate News Oil

Angola Approves 17-Year Extension for TotalEnergies to Develop Block 32 Offshore Assets

27, May, 202627, May, 2026

TotalEnergies Extends Angola Block 32 Production Agreement to 2043 Under New Investment Framework TotalEnergies has secured a long-term extension to continue developing Angola’s Block 32 offshore oil assets through 2043, adding 17 years of additional production and investment activity in one of the country’s key deepwater regions. The agreement was confirmed by Angola’s National Agency for Oil, Gas, and Biofuels (ANPG) following the signing of a framework deal in Luanda after negotiations that continued through

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International Corporate News Oil

BW Energy Advances MaBoMo Phase 2 Development to Boost Output at Dussafu Field

27, May, 202627, May, 2026

BW Energy Targets July 2026 Drilling Start for Dussafu Phase 2 Development Offshore Gabon BW Energy is preparing to begin drilling for the MaBoMo Phase 2 development on the Dussafu license offshore Gabon, with operations expected to start around July 2026. The campaign will initially target four production wells using the existing BW MaBoMo mobile production unit. The company is also evaluating plans for two additional appraisal wells as part of ongoing field development optimisation.

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International Corporate News Oil

ExxonMobil Advances Nigeria Deepwater Expansion with Owowo Project FID Timeline

27, May, 202627, May, 2026

ExxonMobil Targets 2026 Final Investment Decision for $7–8 Billion Owowo Deepwater Project in Nigeria ExxonMobil is targeting a final investment decision (FID) for its Owowo deepwater development offshore Nigeria in early 2026, with the project estimated to cost between $7 billion and $8 billion. According to S&P Global, ExxonMobil Vice President for Deepwater Offshore Hunter Farris confirmed the timeline, noting that 2026–2027 will be critical years for engineering work, regulatory approvals, and coordination with the

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Corporate News Local Oil

Afentra Advances Angola Oil Exploration Plans with 2027 Production Target for Offshore Block 3/24

27, May, 202627, May, 2026

Afentra Maintains Angola Growth Strategy After Sale Talks End Afentra is continuing its oil exploration activities in Angola after ending discussions with potential buyers earlier this month, according to CEO Paul McDade. McDade said the company’s outlook is being supported by stronger oil prices, driven in part by geopolitical tensions involving Iran and disruptions affecting shipping routes through the Strait of Hormuz. He noted that these market conditions reinforce Afentra’s development plans in Angola, one

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International News Renewable Energy

Egypt Secures Major EBRD Financing for 200 MW Solar and Battery Storage Project in Benban

27, May, 202627, May, 2026

EBRD Funds $70 Million Egypt Solar and Battery Project to Boost Renewable Energy Capacity The European Bank for Reconstruction and Development (European Bank for Reconstruction and Development) has approved up to $70 million in senior debt financing for a large-scale renewable energy project in Egypt that combines solar power generation with battery energy storage. The funding will support Nefer Benban for Renewable Energy, a special purpose vehicle established to develop, construct, and operate the project

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International News Oil

Eco Atlantic and Navitas Advance South Africa Offshore Exploration Partnership

27, May, 202627, May, 2026

Navitas Expands South Africa Offshore Position Through Eco Atlantic Block 1 CBK Farm-In Deal Eco Atlantic Oil & Gas has advanced its offshore South Africa partnership with Navitas Petroleum through a farm-down agreement covering Block 1 CBK in the Orange Basin. The development follows an earlier agreement in which Eco, through subsidiary Azinam South Africa, secured an exclusive option with local partner OrangeBasin Energies formerly Tosaco Energy to acquire an additional 20% participating interest in

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International News Oil

Zawiya Refinery Restarts After Fighting Disrupts Operations in Western Libya

27, May, 202627, May, 2026

Libya’s Largest Refinery Resumes Operations After Armed Clashes Trigger Temporary Shutdown Libya’s largest operating refinery in Zawiya has resumed operations after armed clashes near the facility forced a two-day shutdown, raising concerns over the security of the country’s critical energy infrastructure. The refinery, located about 40 kilometres west of Tripoli, suspended operations on Friday after fighting spread into nearby areas. National Oil Corporation confirmed that heavy artillery shells landed inside the refinery complex, although no

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