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Local Corporate News Oil

Shell Trading & Shipping Strengthens Support for Independent Oil Companies in Angola

Shell Trading Boosts Angola’s Independent Oil Companies with Structured Crude Offtake and Financial Support Shell Trading & Shipping is ramping up its support for independent oil companies in Angola, helping them secure more consistent crude liftings and improve cash flow management, according to Filippo Bof, Head of Business Development for Africa at Shell Trading & Shipping. Bof explained that Shell is assisting independent operators acquiring mature assets by offering structured offtake arrangements that ensure regular

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Local Corporate News Oil

ETU Energias Makes History with Angola’s First Private Oil Company Bond Issuance

ETU Energias Completes Landmark Bond Issuance, Pioneering Private Oil Financing in Angola ETU Energias, Angola’s largest private oil company, has successfully completed its first bond issuance in the capital markets, marking a major milestone for the nation’s energy and financial sectors. The offering attracted strong demand from institutional investors, according to a company statement. ETU Energias described the event as a “historic moment for the national private oil sector and the development of the Angolan

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Local Corporate News Gas Oil Technology & Innovation

EY Harnesses AI to Boost Efficiency and Sustainability in Angola’s Oil and Gas Sector

EY Deploys Artificial Intelligence to Cut Flaring and Improve Operations in Angola’s Oil and Gas Industry Ernst & Young (EY) is leveraging artificial intelligence (AI) solutions to enhance operational efficiency, reduce environmental impact, and support financial stability in Angola’s oil and gas sector. Speaking to Energy Capital & Power during the Angola Oil & Gas 2025 Conference, André Afonso, Managing Partner at EY Angola, said the firm is deploying advanced digital tools to help energy

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Diamonds Corporate News International

Botswana’s Okavango Diamond Company to Begin Contract Sales Under New De Beers Deal

Okavango Diamond Company to Launch Contract Diamond Sales in November as Botswana Diversifies Marketing Channels Botswana’s state-owned Okavango Diamond Company (ODC) will begin selling diamonds to contracted buyers next month as part of its strategy to diversify sales channels under the government’s new 10-year agreement with De Beers, Managing Director Mmetla Masire announced on Wednesday. Under the revised deal, signed in February 2025, ODC’s allocation from Debswana—a 50:50 joint venture between the Botswana government and

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Corporate News International Oil

ReconAfrica Advances Drilling at Kavango West-1X Well, Targets Otavi Reservoir in Namibia’s Damara Fold Belt

ReconAfrica Reaches Reservoir Zone in Kavango West-1X Exploration Well, Namibia ReconAfrica has confirmed that its highly anticipated Kavango West-1X exploration well, located onshore in Namibia, has now reached the targeted reservoir zone. The Toronto- and Frankfurt-listed company stated that no further operational updates will be issued until drilling reaches total depth. CEO Brian Reinsborough announced that the final casing has been successfully installed at approximately 2,300 meters, positioned just above the Otavi carbonate reservoir—the primary

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Corporate News Gas International

BP Advances Five-Well Offshore Gas Drilling Campaign in Egypt

BP to Launch $140 Million Offshore Gas Drilling Project in Egypt’s West Nile Delta by 2026 BP Exploration Delta Limited, a subsidiary of British energy major BP, has announced plans to launch a five-well offshore gas drilling campaign in Egypt, reinforcing its long-term commitment to the country’s energy sector. The initiative follows a memorandum of understanding (MoU) recently signed with the Egyptian government, underscoring BP’s intent to expand its gas production capacity in the region.

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Corporate News Local Oil

Afentra Secures Government Approval for Offshore Block 3/24 in Angola

Angola Approves Afentra’s Risk Service Contract for Offshore Block 3/24 to Boost Oil and Gas Development British energy company Afentra plc has announced that the Angolan government has approved a risk service contract (RSC) for offshore Block 3/24, marking a major milestone in the company’s continued expansion in West Africa. The block covers an area of approximately 545 square kilometers. A presidential decree validating the contract has officially set the project in motion. Under the

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Corporate News Gas International

Shell and Sunlink Greenlight HI Gas Project to Boost Nigeria’s LNG Exports

Shell, Sunlink Approve HI Gas Project Offshore Nigeria to Power NLNG Expansion and Strengthen Global LNG Supply Shell Nigeria Exploration and Production Company Limited (SNEPCo)—a subsidiary of Shell plc—in partnership with Sunlink Energies and Resources Limited, has announced a final investment decision (FID) on the HI Gas Project, located offshore Nigeria. Once operational, the HI Project will supply gas to Nigeria LNG (NLNG), where Shell holds a significant equity interest. This move will support the

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Oil Corporate News Gas Local

Angola’s Sonamet Plans Namibia Expansion to Strengthen Regional Oil and Gas Footprint

Sonamet Targets Namibia as Part of Regional Expansion Strategy Angolan oil and gas fabrication company Sonamet is setting its sights on regional growth, with Namibia emerging as a top priority for expansion. The company aims to extend its proven expertise and infrastructure beyond Angola to strengthen its footprint across southern Africa. According to Sandro Ferreira, Sonamet’s Marketing and Commercial Director, the company is actively engaging with the Namibian government and public institutions to explore investment

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Corporate News Local Oil

Etu Energias Secures Financing for Offshore Angola Block 17/06 Development

Etu Energias Signs Structured Financing Deal with Mauritius Commercial Bank and TotalEnergies for Angola Offshore Project Etu Energias, Angola’s largest privately-held oil company, has finalized a structured disbursement agreement with Mauritius Commercial Bank and energy major TotalEnergies to finance capital expenditure and development activities at Block 17/06, offshore Angola. Block 17/06 is home to the Begonia project, Angola’s first inter-block development, which began production in 2025. The block is operated by TotalEnergies alongside partners Sonangol

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