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International Gas News Oil

Nigeria Approves New Deep Offshore Incentives to Unlock $50 Billion in Investment

14, August, 202614, August, 2026

Nigeria Approves Deep Offshore Incentives to Unlock $50 Billion in Oil and Gas Investment Nigeria has approved a new deep offshore oil and gas investment framework designed to attract up to $50 billion in fresh investment, revive stalled projects and increase the country’s oil production capacity. Approved by President Bola Ahmed Tinubu, the framework replaces the previous system of project-by-project negotiations with a more transparent and rules-based incentive regime. The government says the new approach

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Corporate News Local Mining

Pensana Joins US Presidential Briefing on Critical Minerals Supply

14, August, 202614, August, 2026

Pensana’s Angola Rare Earth Project Gains US Attention as Washington Targets Non-Chinese Critical Mineral Supply Pensana has participated in a private briefing with US President Donald Trump, Secretary of State Marco Rubio and senior US officials focused on strengthening independent American supply chains for rare earths and other critical minerals. The briefing highlighted the US administration’s support for reducing reliance on China for critical mineral supplies, particularly rare earth elements used in defence systems, electric

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Corporate News Diamonds International

Lucara Revenue Falls 6% as Karowe Underground Project Advances

14, August, 202614, August, 2026

Lucara Revenue Falls 6% to $41 Million as Karowe Underground Project Advances Toward 2028 Production Botswana-focused diamond producer Lucara Diamond Corp. reported a 6% year-on-year decline in second-quarter revenue to $41 million, mainly due to lower carat sales and a weaker average price for diamonds weighing less than 10.8 carats. The company recovered 90,082 carats during the quarter, including 176 special diamonds weighing more than 10.8 carats. The period also included the sale of the

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International News Oil

Nigeria Offers Fresh Cawthorne Crude Cargo as Middle East Tensions Reshape Oil Markets

13, August, 202613, August, 2026

Nigeria Offers 950,000-Barrel Cawthorne Crude Cargo as Middle East Tensions Boost West African Oil Demand Nigeria is preparing to sell another 950,000-barrel cargo of Cawthorne crude, as the country seeks to build international demand for its newest oil grade amid heightened volatility in global energy markets. The Nigerian National Petroleum Company (NNPC) has issued a tender for the Cawthorne cargo, which is scheduled to load on September 21–22. The shipment will be sold on a

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Local News Renewable Energy

Angola Bets on Renewables as PRODEL Accelerates the Country’s Energy Transition

5, August, 20265, August, 2026

Angola’s Renewable Power Push: PRODEL Targets Cleaner and More Reliable Energy Supply Angola is accelerating its shift towards renewable energy, with the state-owned Public Electricity Production Company (PRODEL) highlighting the growing role of clean power in the country’s electricity mix. PRODEL President Pedro Afonso said renewable sources currently account for around 91% of energy consumed across Angola, placing the country among the African nations with the highest proportion of clean energy in domestic consumption. The

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Local Energy News

Angola’s $4.5 Billion Caculo Cabaça Dam Powers Ahead as Construction Accelerates

5, August, 20265, August, 2026

Angola’s 2,172MW Caculo Cabaça Hydropower Project Nears Completion as Construction Accelerates Construction of Angola’s landmark Caculo Cabaça Hydropower Project is advancing rapidly, with work on the main dam structure progressing as the country moves closer to adding 2,172 megawatts of new generation capacity to its power system. Located on the Kwanza River in Kwanza Norte Province, about 250 kilometres east of Luanda, the $4.5 billion project is being developed by Angola’s Ministry of Energy and

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Diamonds Local News

Angola’s Diamond Push Gains Momentum as New Mines Reshape the Industry

5, August, 20265, August, 2026

Angola Diamond Industry Targets Global Top Two by 2030 With New Mining Projects Angola is stepping up efforts to strengthen its diamond industry, targeting a rise to the world’s second-largest diamond producer by 2030 through increased investment, structural reforms and stronger transparency standards. The government says the ambition will be supported by strategic partnerships with international mining companies and the expansion of major projects that can significantly increase national output. The Luele mine in Lunda

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Local Economy News Oil

Angola’s Oil Revenue Surges to $8.91 Billion as Crude Exports Gain Momentum

5, August, 20265, August, 2026

Angola Oil Revenue Jumps 54.7% to $8.91 Billion in Second Quarter Angola generated $8.91 billion from crude oil exports in the second quarter of 2026, marking a sharp increase in petroleum revenues and highlighting the continued importance of oil to the country’s export earnings. The country exported 88.12 million barrels of crude during the quarter, according to Secretary of State for Mineral Resources Jaime Victor. Oil export revenue increased by 54.71% compared with the same

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International News Oil

Nigeria Bets $10.7 Billion on a Modular Refining Boom

5, August, 20265, August, 2026

Nigeria Targets $10.7 Billion in Modular Refinery Investment to Expand Refining Capacity Nigeria is emerging as a global hotspot for refinery development, with $10.74 billion in modular refinery investments expected to be deployed between 2026 and 2030 as the country accelerates efforts to expand domestic fuel production. According to Industrial Info Resources (IIR), Nigeria is expected to lead the world in new refinery construction during the period, with 24 grassroots refinery projects currently planned to

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International Corporate News Gas

Dana Gas Gains Momentum as Egypt Operations Return to Growth

5, August, 20265, August, 2026

Dana Gas Boosts Egypt Production as Drilling Success and Payments Strengthen Operations Dana Gas is seeing renewed momentum in Egypt after stronger production, successful drilling results and the full settlement of overdue receivables strengthened the company’s outlook for further investment. The UAE-based gas producer said it received an additional $21.5 million from the Egyptian Government, bringing all overdue receivables in the country to full settlement. The company also highlighted improved fiscal conditions, stronger government cooperation

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