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

Nova Africa Plans $21 Million Restart of Botswana Gold Mine

16, July, 202616, July, 2026

Nova Africa Announces $21 Million Investment to Restart Botswana Gold Mining Operations Nova Africa Resources is planning a US$21 million investment to restart gold mining operations in Botswana, as the company seeks to revive production and unlock the value of the country’s mineral resources. The project involves the redevelopment of a previously inactive gold mine, with funding expected to support mine rehabilitation, infrastructure upgrades, exploration activities and the preparation of the operation for renewed production.

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Local Corporate News Energy

Trafigura Withdraws from Angola’s $2 Billion Power Project Amid Development Challenges

16, July, 202616, July, 2026

Trafigura Exits Angola’s $2 Billion Power Plant Project, Raising Questions Over Energy Expansion Plans Global commodities company Trafigura has withdrawn from a planned US$2 billion power project in Angola, creating uncertainty around one of the country’s major energy infrastructure developments. The project, which was expected to support Angola’s electricity generation capacity and strengthen industrial growth, was part of broader efforts to expand the country’s energy infrastructure and improve power supply reliability. Trafigura’s decision to step

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Corporate News International Oil

Nigeria Offers Shell New Incentives to Accelerate $20 Billion Offshore Oil Project

16, July, 202616, July, 2026

Nigeria Introduces Tax Incentives to Fast-Track Shell’s $20 Billion Bonga South West Oil Development Nigeria has introduced new investment incentives aimed at accelerating the development of Shell’s Bonga Southwest Aparo (BSWA) deepwater oil project, a major offshore development expected to attract around US$20 billion in investment. The incentives are designed to improve the project’s commercial viability and encourage Shell and its partners to move forward with a Final Investment Decision (FID) after years of delays.

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International Corporate News Oil

Dangote Refinery Moves to Dollar-Based Fuel Pricing Amid Currency and Supply Pressures

16, July, 202616, July, 2026

Africa’s Largest Oil Refinery Switches to US Dollar Pricing for Fuel Sales in Nigeria Nigeria’s Dangote Petroleum Refinery, the largest oil refinery in Africa, has introduced a new pricing system that links the sale of refined petroleum products to the US dollar. The move replaces the previous naira-based pricing structure and is aimed at managing foreign exchange risks associated with crude oil purchases, operational costs and international market fluctuations. The refinery’s decision comes as it

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Local News Oil

Angola’s Oil Industry Rebounds in 2026 as Deepwater Investment Drives Production Revival

14, July, 202614, July, 2026

Angola Oil Sector Gains New Momentum in 2026 as Deepwater Projects Attract Billions in Investment Angola’s oil industry is entering a new phase of recovery in 2026, supported by renewed investment in offshore projects, increased exploration activity and stronger confidence from international oil companies. After several years of declining production caused by maturing fields and limited new developments, Angola’s deepwater sector is regaining momentum. Major oil producers are extending their commitments in the country, while

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Gas Local News

Angola LNG Plant Begins 32-Day Maintenance Shutdown as Gas Production Temporarily Falls

14, July, 202615, July, 2026

Angola LNG has temporarily halted operations at its Soyo facility for a 32-day maintenance programme, reducing LNG production while ensuring long-term reliability of the gas plant Angola LNG has temporarily suspended operations at its liquefied natural gas (LNG) plant in Soyo, Zaire Province, to carry out scheduled maintenance work aimed at improving the reliability, safety and efficiency of its facilities. The maintenance programme is part of a planned intervention involving the Angola LNG plant, the

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Local Economy News

Angola Adds Chinese Yuan to Approved Foreign Currency Reserves

14, July, 202614, July, 2026

Angola Approves Chinese Yuan for Foreign Currency Reserves as Ties with China Deepen Angola’s central bank has authorised commercial banks to use the Chinese yuan as part of their foreign currency reserve requirements, marking a further step in strengthening financial and economic relations between Angola and China. The decision allows banks operating in Angola to hold yuan, alongside other approved currencies, to meet mandatory foreign exchange reserve obligations. The move is expected to support liquidity

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International Corporate News Oil

ExxonMobil Restarts Nigeria Drilling Campaign With $1 Billion Usan Oil Project

14, July, 202614, July, 2026

ExxonMobil Returns to Nigeria’s Deepwater Oil Sector With $1 Billion Investment Plan ExxonMobil is returning to Nigeria’s deepwater oil sector with a planned $1 billion investment in the Usan Infill Project, marking the company’s first major drilling campaign in the country in nearly a decade. The project, located in Oil Mining Lease (OML) 138 offshore Nigeria, is expected to increase crude oil production by approximately 40,000 barrels per day and strengthen output from the Usan

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Diamonds Corporate News International

Botswana Discovers One of the World’s Largest Diamonds in Latest Mining Breakthrough

14, July, 202614, July, 2026

Botswana Unearths 1,305-Carat Diamond in Another Historic Discovery at Karowe Mine Botswana has uncovered a massive 1,305-carat diamond at the Karowe Diamond Mine, marking another major discovery for the country’s world-renowned diamond industry. The exceptional gemstone was recovered by Lucara Diamond Corp, the operator of the Karowe mine in Botswana, using advanced X-ray transmission (XRT) technology designed to identify and recover large, high-value diamonds while reducing the risk of damage during processing. The discovery adds

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Corporate News Diamonds International

De Beers Pauses Venetia Diamond Mine Operations as Industry Faces Falling Demand

14, July, 202614, July, 2026

De Beers Suspends Operations at South Africa’s Largest Diamond Mine Amid Global Market Downturn De Beers has suspended operations at the Venetia diamond mine in South Africa, the country’s largest diamond-producing operation, as the company responds to a prolonged downturn in the global diamond market. The temporary shutdown is part of a wider cost-reduction strategy as the diamond industry faces weaker consumer demand, declining prices, and increasing competition from lab-grown diamonds. The Venetia mine, located

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