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Sancorp Targets Angolan Deepwater Oil Blocks and Refinery Investment

17, September, 202617, September, 2026

Sancorp Eyes Stakes in Two Angolan Deepwater Oil Blocks and a Refinery Dubai-based energy and commodities trading group Sancorp is in advanced negotiations to acquire minority interests in two producing deepwater oil blocks in Angola and is also seeking an equity stake in one of the country’s planned refineries. The proposed investments form part of Sancorp’s strategy to expand beyond oil and refined-product trading into direct ownership of upstream and downstream energy assets in Africa.

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Oil Corporate News Local

ExxonMobil Makes 20th Discovery in Angola’s Prolific Block 15

17, September, 202617, September, 2026

ExxonMobil Makes 20th Oil Discovery in Angola’s Block 15 After 2.7 Billion Barrels of Production ExxonMobil and its partners have made a new oil discovery offshore Angola, marking the 20th discovery in Block 15, one of the country’s long-established deepwater producing assets. The discovery was made at the Vicango Este-01 exploration well, located approximately 370 kilometres north-west of Luanda in about 940 metres of water. The well was drilled using the Valaris DS-9 drillship. Angola’s

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Local News Oil Petroleum

China Turns to Angolan and Congolese Crude as Middle East Supply Disruptions Intensify

17, September, 202617, September, 2026

China Buys Angolan and Congolese Oil as Middle East Supply Disruptions Tighten Global Markets Chinese independent refiners have increased purchases of crude oil from Angola and the Republic of Congo as disruptions to Middle Eastern supplies force buyers to seek alternative sources. The purchases form part of a broader effort by Chinese refiners to secure crude from international markets as supplies from Iran and Russia become more difficult to obtain amid the ongoing conflict involving

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International News Oil

Senegal prepares 109 oil and gas blocks for new investment

17, September, 202617, September, 2026

Senegal to market 109 oil and gas blocks as government seeks new exploration investment Senegal is preparing to market 109 oil and gas blocks to local and international investors as the government seeks to expand exploration and attract new investment across its petroleum sector. The initiative forms part of Senegal’s strategy to increase exploration beyond its existing producing assets and make greater use of its offshore and onshore hydrocarbon potential. The government plans to promote

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Local Oil

TotalEnergies expands Angola portfolio after Acacia-5 oil discovery

17, September, 202617, September, 2026

TotalEnergies discovers Acacia-5 oil field in Angola and takes 40% stakes in two new exploration blocks TotalEnergies has announced a new oil discovery offshore Angola and secured operated interests in two additional exploration blocks, strengthening its position in the country’s Lower Congo Basin. The Acacia-5 discovery on Block 17 is expected to add about 6,000 barrels of oil per day to the block’s production. TotalEnergies plans to fast-track development by using available capacity on the

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International Corporate News Oil

Ghana opens new offshore exploration opportunities with Eni and Vitol

17, September, 202617, September, 2026

Ghana signs offshore exploration MoUs with Eni and Vitol for two Tano Basin acreages Ghana has signed two memoranda of understanding with Eni Ghana, Vitol Upstream Tano and the Ghana National Petroleum Corporation (GNPC) covering two offshore acreages in the Tano Basin, opening a new phase of exploration in the country’s petroleum sector. The agreements cover the Tano Basin offshore blocks, with Eni Ghana and Vitol expected to undertake technical and commercial evaluations of the

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International Corporate News Oil

ReconAfrica secures funding for Kavango West 1X testing in Namibia

17, September, 202617, September, 2026

ReconAfrica secures N$254 million to advance Kavango West 1X oil and gas testing in Namibia Reconnaissance Energy Africa (ReconAfrica) has secured N$254 million in funding to advance testing at its Kavango West 1X (KW1X) well in Namibia, following the identification of hydrocarbons at the exploration well. The funding will support the company’s ongoing production testing programme, which is designed to assess the reservoir’s performance, determine the type and quality of hydrocarbons present and establish the

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International News Oil

Kenya targets first commercial Turkana crude exports in 2027

17, September, 202617, September, 2026

Kenya targets first Turkana crude oil exports in Q1 2027 as South Lokichar production starts Kenya is on track to export its first commercial crude oil from Turkana in the first quarter of 2027, with production from the South Lokichar Basin expected to begin in December 2026. The Energy and Petroleum Regulatory Authority (EPRA) said the project was progressing in line with the approved Field Development Plan, with first crude expected to be transported from

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Corporate News Gas International Oil

Senegal and Eni launch assessment of five offshore oil and gas blocks

17, September, 202617, September, 2026

Senegal signs Eni MoU to assess SN01M, SN02M, SN03M, SN07M and SN40M offshore blocks Senegal has signed an agreement with Italian energy major Eni to assess the oil and gas potential of five offshore blocks as the country seeks to revive exploration and attract new investment into its petroleum sector. The memorandum of understanding covers blocks SN01M, SN02M, SN03M, SN07M and SN40M, located within Senegal’s offshore sedimentary basin. Under the agreement, Eni will fully finance

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Corporate News International Oil

TotalEnergies takes operatorship of Namibia’s Mopane oil discovery

17, September, 202617, September, 2026

TotalEnergies takes 40% operatorship of Namibia’s Mopane oil discovery with 2028 investment decision targeted TotalEnergies has completed a transaction with Galp that gives it operatorship of the Mopane oil discovery offshore Namibia, strengthening its position in the country’s Orange Basin. Under the agreement, TotalEnergies acquired a 40% operated interest in Petroleum Exploration Licence 83 (PEL83), which contains the Mopane discovery. Galp also retains a 40% interest, while state-owned Namcor and Custos each hold 10%. In

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