Nigeria’s Oil Production Hits 1.56 Million Barrels Per Day, Exceeding OPEC Quota After Six-Year Recovery Nigeria has exceeded its OPEC crude oil production quota after recording its highest oil output level in more than six years, according to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The regulator reported that Nigeria produced an average of 1.56 million barrels of crude oil per day (bpd) in June 2026, surpassing its OPEC quota of 1.5 million
De Beers to Halt Venetia Diamond Mine Production for Two Years as Weak Demand Reshapes Industry De Beers has announced it will suspend production at its Venetia Mine in South Africa for two years as the company responds to the prolonged downturn in the global rough diamond market. The mine, South Africa’s highest-value diamond operation, will temporarily halt production as De Beers reduces costs and restructures its business ahead of its planned separation from parent
Dangote Plans $17 Billion Kenya Refinery to Boost East Africa’s Fuel Security Dangote Industries is developing a financing strategy for a proposed $17 billion oil refinery in Kenya, a project that could become one of Africa’s largest refining investments and significantly reshape fuel supply across East Africa. The planned refinery is expected to have a processing capacity of up to 700,000 barrels per day and would supply refined petroleum products to Kenya and neighbouring regional
Kosmos Energy Boosts Ghana Oil Production as New Jubilee Well Comes Online Kosmos Energy has increased production at Ghana’s offshore Jubilee oil field after bringing the J76 well online as part of its 2026 drilling campaign. The new well, the third completed in this year’s programme, began production in mid-June and is currently delivering around 20,000 barrels of oil per day on a gross basis. Kosmos said the well was developed using updated seismic data
Eni Starts Gas Production From Sabratha Compression Project to Boost Libya’s Offshore Output Eni, in partnership with Libya’s National Oil Corporation (NOC) through the Mellitah Oil & Gas joint venture, has commenced hydrocarbon production from the Sabratha Compression Project, a major offshore development designed to extend production from the Bahr Essalam gas field. The project represents an important step in efforts to maximise recovery from the mature offshore field and maintain long-term gas production capacity
Afentra Accelerates Angola Growth Plans with Block 3/05 Drilling and Increased Offshore Stakes Aim-listed Afentra is accelerating its growth strategy in Angola, advancing drilling activities, expanding its offshore portfolio and progressing exploration across key assets following a strategic review that reaffirmed its commitment to remain an independent exploration and production company. At the company’s flagship Block 3/05 asset, the 2026 infill drilling campaign is under way, with drilling of the Pacassa SW well in progress.
Lake Victoria Gold Moves Imwelo Gold Project Closer to Construction with EPCM Appointment Lake Victoria Gold has appointed City Engineering Company (CECL) as the primary engineering, procurement and construction management (EPCM) contractor for its Imwelo gold project in northwestern Tanzania. The appointment, made through Lake Victoria Gold’s subsidiary Tembo Gold, which holds Mining Licence ML 538/2015 for Imwelo, was approved by Tanzania’s Mining Commission on June 29 and complies with the country’s 2018 Mining Regulations.
otalEnergies Launches Tender for 7.1 MW Solar Facility at Mozambique LNG Site in Cabo Delgado TotalEnergies plans to develop a 7.1 MW photovoltaic solar plant at its Mozambique LNG project in Cabo Delgado as part of efforts to support energy needs at the liquefied natural gas (LNG) facility. The company has issued a request for expressions of interest (EOI) for engineering, procurement and construction services for the solar project, which will be located at Afungi
Petrobras Signs Agreement to Bring 335 Offshore Wells into Environmental and Safety Compliance by 2030 Brazilian state-owned oil company Petrobras has signed an agreement with Brazil’s oil regulator, the National Agency of Petroleum, Natural Gas and Biofuels (ANP), committing to bring 335 temporarily abandoned offshore wells into compliance with environmental and operational safety regulations. The agreement, announced by both parties on Tuesday, follows negotiations between Petrobras and the regulator aimed at ensuring the safe management
Tyranna Resources Divests Angola Lithium Project to Sinomine, Redirecting Funds to Chinguar Gold Development Australian-listed Tyranna Resources has agreed to sell its interest in the Namibe lithium and caesium project in southern Angola to Sinomine Resource Group for $1.44 million, allowing the company to focus on new exploration opportunities in Angola. The transaction involves the sale of Tyranna subsidiary Angolan Minerals’ 90% interest in AM Mauritius, the holding company for the Namibe project, to Sinomine
