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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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Local Economy News

Vietnamese Investor Plans Major Projects in Angola to Create 50,000 Jobs

21, July, 202621, July, 2026

Vietnamese Tycoon Announces Multi-Sector Investments Across Six Angolan Provinces to Create 50,000 Jobs A Vietnamese business leader is planning major investments across six provinces in Angola, with projects expected to create up to 50,000 jobs and support economic development in key sectors. The investment programme is focused on expanding economic activity beyond Angola’s traditional oil sector by supporting agriculture, infrastructure, industry and other areas with potential to drive employment and local production. The planned projects

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International News Oil

Austrian Energy Firm Discovers 195 Million Barrels of Oil in Africa’s Largest Oil Basin

21, July, 202621, July, 2026

Austrian Energy Company Makes Major 195 Million Barrel Oil Discovery in Africa’s Largest Oil Region Austrian energy company OMV has announced a significant oil discovery in Africa’s largest oil-producing region, marking a major milestone in its exploration activities and strengthening prospects for future production growth. The discovery, estimated at around 195 million barrels of oil equivalent, was made in the Orange Basin, an emerging offshore exploration hotspot located along the coasts of Namibia and South

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International News Oil

Ghana Advances Oil Refining Ambitions with $1.98 Billion Private Refinery Project

21, July, 202621, July, 2026

Ghana’s $1.98 Billion Private Oil Refinery Set to Transform Domestic Fuel Production and Reduce Imports Ghana is advancing efforts to strengthen its energy security through the development of its first privately owned large-scale oil refinery, a project expected to significantly increase domestic fuel production and reduce the country’s dependence on imported petroleum products. The $1.98 billion refinery project is being positioned as a major milestone in Ghana’s energy sector, supporting the government’s long-term goal of

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Diamonds Corporate News International

Botswana Considers Buying Into De Beers as Anglo American Selects Preferred Bidder

18, July, 202618, July, 2026

Botswana Weighs De Beers Stake Purchase After Anglo American Picks Preferred Buyer Anglo American has selected a preferred buyer for its stake in diamond producer De Beers, with Botswana considering whether to use its right of first refusal to acquire the stake independently, alongside the chosen bidder, or with another partner. Anglo American placed De Beers up for sale in 2024 as part of a wider restructuring strategy following a prolonged decline in diamond prices

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International Energy News Oil

IEA Warns Strait of Hormuz Crisis Could Threaten Global Energy Security

18, July, 202618, July, 2026

Global Energy Security at Risk as IEA Warns Strait of Hormuz Disruption Could Last for Weeks The International Energy Agency (IEA) has warned that global energy security could come under serious pressure if disruptions in the Strait of Hormuz are not resolved within weeks. IEA Executive Director Fatih Birol said prolonged instability around the strategic waterway could have major consequences for global oil and gas markets, given the strait’s role as one of the world’s

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International Expos & Events Renewable Energy Sponsored

Grid Gap in Focus as Southern African Utility Leaders Join AEW Power Africa Today

18, July, 202618, July, 2026

Senior executives from some of Southern Africa’s top power utilities and grid operators are confirmed to speak at the Power Africa Today conference during African Energy Week (AEW) 2026 in Cape Town from October 12-16. Their participation reflects the growing focus on transmission infrastructure, grid modernization and regional power market integration as the continent works to match generation growth with the networks needed to deliver it. South Africa’s Eskom has stabilized its generation fleet after

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International Corporate News Gold

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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