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Corporate News International Oil Petroleum

Dangote Refinery IPO Attracts N1.5 Trillion in First Hour

19, September, 202619, September, 2026

Dangote Refinery IPO Draws N1.5 Trillion in Early Demand as Africa’s Largest Share Sale Opens Investors committed about N1.5 trillion to the initial public offering (IPO) of Nigeria’s Dangote Petroleum Refinery within the first hour of the share sale opening, highlighting strong early demand for Africa’s largest refinery. The IPO opened on September 14 on the Nigerian Exchange (NGX), with Dangote offering 4.1 billion ordinary shares at N525 each. The offer is targeting approximately N2.15

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Expos & Events Sponsored

One Month to Go: AEW 2026 Gears Up for Five Days of Deals, Dialogue and Energy Leadership

18, September, 202618, September, 2026

The African Energy Week (AEW) 2026 Conference and Exhibition, Africa’s largest energy gathering taking place October 12-16, is preparing to bring the full spectrum of Africa’s energy industry to Cape Town. With just one month to go, the platform is gearing up to unlock a new wave of billion-dollar deals and energy partnerships, with over 400+ high-level speakers, 9,000+ delegates, five conference stages, targeted dealmaking and roundtable discussions positioning African energy at the forefront of

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International Corporate News Oil

Petrobras Secures Eight Offshore Exploration Blocks in Côte d’Ivoire

18, September, 202618, September, 2026

Petrobras to Invest Over CFA250B in Côte d’Ivoire’s Ultra-Deepwater Oil Exploration Programme Brazilian state-owned oil company Petrobras has signed production-sharing contracts (PSCs) for eight offshore exploration blocks in Côte d’Ivoire, expanding its presence along Africa’s Atlantic margin. The agreements, signed in Abidjan on September 17, cover blocks CI-513, CI-600, CI-601, CI-602, CI-603, CI-605, CI-701 and CI-702. Petrobras, through its wholly owned subsidiary Petrobras Netherlands B.V., will operate the eight blocks with a 90% interest, while

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International Corporate News Gas Oil

TotalEnergies Secures US$1.8 Billion Deal for African Oil and Gas Infrastructure

18, September, 202618, September, 2026

GIP to Inject US$1.8B Into TotalEnergies’ African Oil and Gas Infrastructure Portfolio TotalEnergies has entered into a partnership with Global Infrastructure Partners (GIP), part of BlackRock, covering some of the French energy company’s oil and gas infrastructure assets in Africa. Under the agreement, GIP will provide a US$1.8 billion capital contribution to TotalEnergies. In return, TotalEnergies will pay GIP a throughput-based tariff linked to the volumes transported through the infrastructure for a period of up

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Transport and Logistics Local News

Botswana and Angola Target Trade Growth by Removing Cross-Border Transport Barriers

18, September, 202618, September, 2026

Boko, Lourenço Call for Stronger Botswana-Angola Trade Connectivity Botswana and Angola are seeking to strengthen trade and transport links between the two countries, with Presidents Duma Boko and João Lourenço highlighting the need to address existing constraints on the movement of goods. The issue was raised during President Boko’s three-day state visit to Angola in September, where the two countries discussed measures to deepen economic and commercial cooperation. Lourenço said the potential for stronger bilateral

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Diamonds International News

Diamonds for Development Fund Targets Capital Mobilisation for Botswana Diversification

18, September, 202618, September, 2026

Botswana’s Diamonds Fund Seeks to Unlock Private and International Investment for Economic Diversification Botswana’s newly established Diamonds for Development Fund is seeking to mobilise additional domestic, private, institutional and international capital to support economic diversification and long-term investment across the country. Speaking in Gaborone, Fund Chairman Dr Akinwumi A. Adesina said the Fund would bring together government, businesses, financial institutions, industry and development partners to transform high-potential opportunities into investable projects. The Fund was established

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Corporate News International Oil Petroleum

Dangote Plans 2,650km Fuel Pipeline Through Botswana to South Africa

18, September, 202618, September, 2026

2,650km Dangote Pipeline to Link Walvis Bay With Southern African Fuel Markets Dangote Petroleum is planning to develop a petroleum-products pipeline of approximately 2,650 kilometres linking Namibia, Botswana and South Africa as part of a wider strategy to expand fuel distribution across Southern Africa. The proposed pipeline would transport petrol, diesel and aviation fuel from Dangote’s refinery in Nigeria to regional markets through a network centred on a planned storage facility at Walvis Bay, Namibia.

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Local Corporate News Oil

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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