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Chevron Makes New Oil and Gas Discovery Offshore Angola

19, August, 202619, August, 2026

Chevron Discovers Oil and Gas Condensate Offshore Angola in Block 0 Chevron has confirmed a new oil and gas condensate discovery offshore Angola, strengthening the company’s exploration programme in the country and adding to its portfolio of discoveries in the region. The discovery was made at the 105-4X exploration well in Block 0, located in Angola’s Lower Congo Basin. Chevron said the well encountered a hydrocarbon column of more than 600 metres, including over 90

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International Oil Petroleum

Zambia Approves New Pipelines to Strengthen Fuel Supply Security

18, August, 202618, August, 2026

Zambia Approves Tanzania and Namibia Fuel Pipelines to Strengthen Energy Security Zambia’s Cabinet has approved two major regional pipeline projects aimed at diversifying the country’s fuel supply routes, improving energy security and meeting growing petroleum demand. The projects are the Tanzania-Zambia Multi-Products Pipeline (TZMPP) and the Namibia-Zambia Refined Petroleum and Natural Gas Pipeline (NZPGP). The government has also approved a shareholding structure for the new Tanzania-Zambia pipeline. The projects are intended to reduce Zambia’s reliance

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Petroleum Local News Oil

Angola Faces Fuel Supply Crisis as Govt Moves to Address Shortages

18, August, 202618, August, 2026

Angola Faces Worrying Fuel Shortage as Rising Consumption Puts Pressure on Sonangol Angola is facing a fuel supply shortage, with rising domestic consumption putting increasing pressure on the country’s petroleum distribution system and state-owned oil company Sonangol. Minister of Mineral Resources, Petroleum and Gas Diamantino Azevedo acknowledged the situation, describing the shortage as a matter of concern. The government is working with Sonangol to address supply constraints and restore more stable fuel availability across the

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Local Exploration News Oil

Angola Authorises Study to Assess Oil Potential in New Exploration Areas

18, August, 202618, August, 2026

Angola Authorises Oil Potential Study as Government Targets New Exploration Areas Angola has authorised the hiring of a specialised consulting firm to assess the oil potential of new areas, as the country continues efforts to expand exploration and strengthen its long-term petroleum production base. The authorisation forms part of the government’s broader strategy to identify new hydrocarbon opportunities and attract investment into areas that could contribute to future oil and gas production. The consultancy will

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Local Energy News

Angola Awards 30-Year Northern Corridor Power Concession to Somagec

18, August, 202618, August, 2026

Angola Awards 30-Year Power Corridor Concession to Somagec for Electricity Exports to DRC Angola has awarded Somagec Energy Holding Limited (SEHL) a 30-year concession to develop and operate the Northern Corridor, a major electricity transmission project designed to enable power exports from Angola to the Democratic Republic of Congo (DRC) while strengthening electricity supply to Cabinda. The concession was approved through Presidential Decree No. 115/26 of July 2, 2026, and is being implemented under a

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Local Gas News Oil

Angola Confirms Oil and Gas Potential in Benguela Basin

18, August, 202618, August, 2026

Angola Confirms Oil and Gas at Katambi-2 Well in Benguela Basin Angola has confirmed significant oil and gas potential in the Benguela Basin following successful drilling and testing of the Katambi-2 appraisal well on Block 24. The results, announced by the National Agency of Petroleum, Gas and Biofuels (ANPG) and Sonangol Exploration and Production (Sonangol E&P), confirm the presence of high-quality hydrocarbon-bearing reservoirs and strengthen the prospects for developing Angola’s non-associated gas resources. Located about

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Corporate News International Oil

ExxonMobil Awards $1.1 Billion in Contracts for Mozambique’s Rovuma LNG Project

18, August, 202618, August, 2026

ExxonMobil Awards $1.1 Billion in Contracts as Mozambique’s Rovuma LNG Project Advances ExxonMobil and its Area 4 partners have awarded approximately $1.1 billion in pre-investment contracts for long-lead equipment for the Rovuma LNG Phase 1 project in Mozambique’s Cabo Delgado province, marking a significant step towards development of the major offshore gas project. The contracts cover critical upstream equipment, including subsea production systems, large-bore production valves and offshore line pipe required to develop natural gas

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Corporate News Local Mining Projects

Pensana Clarifies Status of Strategic Investor’s Board Appointment

18, August, 202618, August, 2026

Pensana Updates Market on Qatar-Backed Cascade Board Appointment Pensana has provided an update on the previously announced appointment of Sheikh Dr Badr bin Dalhim Al-Faheid Al-Hajri to the board of Cascade Natural Resources, the Qatar-backed strategic investor in the company. Pensana said the appointment process is still underway and has not yet become effective. As a result, the appointment has not yet been filed with the Guernsey Registry. The company had announced the proposed appointment

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Local Oil Partnerships Petroleum

DRC and Angola Finalise Offshore Oil Agreement with $27.8 Billion Revenue Potential for DRC

18, August, 202618, August, 2026

DRC, Angola Finalise Offshore Oil Deal with $27.8 Billion in Potential Revenue for Kinshasa The Democratic Republic of Congo (DRC) and Angola have finalised an agreement governing the joint development and exploitation of offshore oil resources, marking a major step in efforts to unlock the country’s petroleum potential. The agreement is expected to generate up to $27.8 billion in potential revenue for the DRC, strengthening the economic significance of its offshore petroleum assets. The deal

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International News Oil

DRC Certifies $146.7 Million in Petroleum Sector Losses for Q2 2026

18, August, 202618, August, 2026

DRC Certifies $146.7 Million in Petroleum Losses and Revenue Shortfalls in Q2 2026 The Democratic Republic of Congo (DRC) has certified $146.72 million in losses and revenue shortfalls incurred by petroleum companies during the second quarter of 2026, highlighting the growing financial pressure on the country’s fuel supply sector. The certification, conducted on August 13 and 14, 2026, covered petroleum operations across the DRC’s four supply zones: Western, Southern, Eastern and Northern. The total certified

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