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

South Africa Raises Petrol Prices as Global Oil Tops $100 and Fuel Levy Relief Is Rolled Back

5, June, 20265, June, 2026

South Africa Faces Higher Fuel Costs as Oil Prices Surge and Government Scales Back Relief Measures South Africa is set to face higher fuel costs as global oil prices climb above $100 per barrel and government support measures are scaled back, increasing pressure on households and businesses in the country’s already strained economy. From June 3, petrol prices will rise by R1.43 per litre, according to the Department of Mineral and Petroleum Resources (DMPR). The

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Corporate News Diamonds International

Lucara Reports Robust 2025 Performance and Major Progress on Karowe Underground Expansion

5, June, 20265, June, 2026

Lucara’s Karowe Mine Delivers Strong 2025 Output as Underground Expansion Advances Toward 2038 Life Extension Lucara Diamond Corp recorded a strong operational performance in 2025 at its Karowe Mine in Botswana, processing 2.79 million tonnes of ore and recovering 354,467 carats of diamonds. The production included a significant number of large, high-value stones that continue to reinforce Karowe’s global reputation as a premier diamond source. During the year, the mine recovered 772 “special” diamonds weighing

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International Corporate News Oil

Puma Energy Reaffirms Investment Push in Mozambique’s Energy Transition and CNG Expansion

3, June, 20263, June, 2026

Puma Energy to Expand Mozambique Operations With Focus on CNG, Carbon Projects and Rural Fuel Access Mozambique’s energy sector development particularly in compressed natural gas (CNG), energy transition initiatives, and carbon-related environmental projects featured prominently on Wednesday during a meeting in Maputo between President Daniel Chapo and Puma Energy Chief Executive Officer Mark Russell. The company reaffirmed its commitment to expanding investment in Mozambique, highlighting the country’s growing potential in energy development and sustainability-linked initiatives

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Corporate News Gas International

Rovuma LNG Expected to Transform Mozambique Economy With Multi-Billion-Dollar Annual Gains

3, June, 20263, June, 2026

Rovuma LNG Project May Boost Mozambique GDP by $11 Billion a Year, Says Standard Bank Study Standard Bank’s Mozambican subsidiary says the Rovuma LNG project, led by US energy major ExxonMobil in the Rovuma Basin in northern Cabo Delgado province, could significantly transform Mozambique’s economy, adding an estimated average of US$11 billion to GDP annually. The project, which is nearing a final investment decision (FID), is expected to generate up to US$150 billion in total

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International Corporate News Oil

TotalEnergies Local Procurement Tops US$141 Million as Namibia Supplier Base Expands

3, June, 20263, June, 2026

TotalEnergies Spends US$141 Million on Namibian Suppliers, Expands Local Content Drive TotalEnergies has spent more than US$141 million on locally sourced goods and services since 2022 as it intensifies efforts to increase Namibian participation in the country’s emerging oil and gas industry. Speaking at an Upstream Oil and Gas Local Suppliers Workshop, TotalEnergies Lead for Contracts, Procurement, Engineering and Local Content, Veronica Mungonena, said the company’s local supplier network has expanded significantly over the past

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International Gas News Oil

Namibian Businesses Urged to Raise Standards to Access Oil and Gas Opportunities

3, June, 20263, June, 2026

Certification, Compliance and Infrastructure Key for Namibian Suppliers Seeking Oil and Gas Contracts Namibian businesses seeking to participate in the country’s emerging oil and gas industry must address gaps in certification, infrastructure and governance if they are to secure contracts as the sector moves closer to large-scale development. The message emerged during the Upstream Oil and Gas Local Suppliers Workshop hosted by Petrofund, where international service providers outlined the key requirements, local companies must meet

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International Corporate News Gas

Kudu Gas Commercialisation Faces Long Road Despite Namibia’s Energy Ambitions

3, June, 20263, June, 2026

Wood Mackenzie Warns Kudu Gas Project Faces Infrastructure and Demand Challenges Before Commercialisation Offshore gas developments such as Namibia’s Kudu Gas Field face a longer and more complex path to commercialisation than oil projects due to extensive infrastructure requirements and uncertainty around long-term domestic demand, according to energy consultancy Wood Mackenzie. Speaking at a recent energy conference in Namibia, Wood Mackenzie Research Director for Sub-Saharan Africa Upstream Ian Thom said offshore gas projects require far

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International Corporate News Mergers & Acquisitions Oil

Nasan Energies Completes Acquisition of Divested Vivo Energy Service Stations in Namibia

3, June, 20263, June, 2026

Nasan Energies Acquires Former Engen and Shell Service Stations as Vivo Energy Completes Regulatory Divestment in Namibia Nasan Energies has completed the acquisition of divested Engen- and Shell-branded service stations from Vivo Energy Namibia following approval by the Namibian Competition Commission. The acquisition concludes a divestment process tied to Vivo Energy’s purchase of Engen Limited from Petronas in May 2024. As part of the regulatory conditions attached to the transaction, Vivo Energy was required to

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Corporate News Local Oil

Afentra Expands Angola Portfolio with Award of KON4 Onshore Oil Block

30, May, 202630, May, 2026

Afentra Secures 35% Operating Stake in Angola’s KON4 Block Under New Risk Service Contract Afentra has been awarded a 35% operated interest in Angola’s KON4 onshore oil block following government approval of a Risk Service Contract issued through a Presidential Decree. The license was awarded to a consortium comprising Afentra, Grupo Simples Oil, Sonangol E&P, Brite’s Oil and Gas, and Sodedurs, strengthening the company’s footprint in Angola’s mature onshore oil sector. The KON4 block is

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International News Oil

Impact Oil & Gas Splits Assets in Strategic Restructuring to Prioritize Namibian Oil Development

30, May, 202630, May, 2026

Impact Oil & Gas Restructures Portfolio, Separating South African Assets to Focus on Namibia’s Venus Project Impact Oil & Gas has agreed to restructure its business by separating its South African and Namibian assets into distinct corporate entities, in a move aimed at streamlining operations and strengthening its investment focus on offshore development projects. The company has signed a share purchase agreement with IOG Energies, a wholly owned subsidiary of Deepkloof and Impact Oil &

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