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Local Corporate News Oil

Chevron Advances Offshore Exploration with Seismic Survey Completion in Angola

Chevron Completes Seismic Data Acquisition for Angola’s Blocks 49 and 50, Boosting Offshore Exploration American multinational energy company Chevron has completed seismic data acquisition for Blocks 49 and 50, located in the ultra-deepwaters of Angola’s Lower Congo Basin. The company is now moving forward with data processing to assess the blocks’ exploration potential. This initiative is part of Chevron’s broader strategy to expand offshore exploration in Angola. It follows the signing of a Risk Service

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Local News Oil

Angola to Award 60 Oil and Gas Concessions by End of 2025

Angola Plans to Grant 60 Oil and Gas Blocks by 2025 to Boost Production Above One Million Barrels Per Day Angola is on track to award 60 oil and gas concessions by the end of 2025, driven by its multi-year licensing rounds and direct negotiation program. This move represents a significant step in Angola’s strategy to maintain production above one million barrels per day. At the African Energy Week: Invest in African Energies 2025, Alcides

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Local Mining Projects News

China’s Niobonga Launches Angola’s First Niobium Mining Project in Huila Province

Angola’s First Niobium Mine to Launch in Huila with $150M Investment by Niobonga The Chinese company Niobonga has secured a concession to mine niobium in the village of Bonga, within the Quilengues municipality of Huila province, Angola. The company has invested $150 million in the project, which is expected to produce 8,000 tons of ferroniobium and 150,000 tons of sulfuric acid per year. Exploration is slated to begin later this year, marking the first niobium

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Corporate News Local Oil

BW Energy Considers Acquiring Azule Energy’s Stake in Angola’s Block 14/14K

Norway’s BW Energy Evaluates Purchase of Azule Energy’s Non-Operating Stake in Angola’s Offshore Block 14/14K Norwegian oil and gas company BW Energy has announced that it is evaluating the potential acquisition of Azule Energy’s non-operating stake in Block 14/14K, located offshore Angola. The company emphasized that no binding agreement has been reached and there is no certainty that the discussions will lead to a transaction. In a statement published on its website, BW Energy explained

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Oil Economy Local News

Economist Arsenio Bumba Urges Angola to Use Oil Revenues for Economic Diversification Before 2050

Angola’s Economic Future at Risk Without Strategic Diversification, Economist Warns Angolan economist Arsenio Bumba has issued a strategic warning about the country’s economic future, stressing that Angola has just 20 to 25 years to transform its oil revenues into sustainable economic diversification. Without decisive action, he warns, Angola risks facing a severe economic crisis after 2050, when global demand for oil is expected to decline sharply. According to Bumba, Angola’s proven oil reserves stand at

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Local News Technology & Innovation

Angola’s First Electric Vehicle Charging Station Opens at Kilamba Kiaxi

Sonangol Launches Angola’s First Electric Vehicle Charging Station at Kilamba Kiaxi to Drive Sustainable Mobility Angola’s journey toward sustainable mobility has taken a major step forward with the inauguration of the country’s first electric vehicle (EV) charging station. Opened by Sonangol at its Kilamba Kiaxi gas station in Luanda, the project is part of the company’s broader strategy to reduce carbon emissions, encourage technological innovation, and support the nation’s energy transition. According to Sonangol, the

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Local News Oil

Angola’s Oil Production Falls Below Target for Sixth Consecutive Month in August 2025

Angola Oil Production Drops to 1.03 Million Barrels per Day in August 2025 — Below Targets for Six Months Angola’s oil production continued to fall short of expectations in August 2025, averaging 1.03 million barrels per day and marking the sixth consecutive month of underperformance. According to the monthly report from the National Agency of Petroleum, Gas, and Biofuels (ANPG), Angola produced 32.07 million barrels in August, equivalent to an average of 1,034,655 barrels per

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Corporate News Diamonds Local

Sodiam Announces Online Auction of 36 Specialty Diamonds in October 2025

Angola’s Sodiam to Hold Online Auction of 36 Specialty Diamonds in October 2025 The Angolan state-owned diamond trading company, Sodiam, has announced an electronic auction of 36 specialty diamonds, each weighing 10.80 carats or more. The auction will be held in collaboration with TRANS ATLANTIC GEM SALES, targeting customers registered in Sodiam’s database who have expertise in trading specialty stones. According to Sodiam’s official press release, viewing sessions for the diamonds will take place from

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Diamonds Corporate News Local

Angola’s Endiama Achieves $1.1 Billion Revenue in First Half of 2025 from Diamond Sales

Angola’s Endiama Reports $1.1B Revenue from 10.6M Carats of Diamonds in H1 2025 Angola’s state-owned diamond company, Endiama, recorded revenue exceeding $1.1 billion in the first half of 2025, driven by the sale of 10.6 million carats of diamonds. The performance surpassed forecasts by 1.2%, according to company officials. The announcement was made during Endiama’s semiannual diamond production review meeting held in Dundo, Lunda Norte Province. Elton Escrivão, Director of Marketing for Endiama, emphasized the

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Diamonds Corporate News Local

Angola Bids for Minority Stake in De Beers as Botswana Pushes for Control

Angola’s ENDIAMA Seeks Minority Stake in De Beers to Promote Pan-African Ownership, Countering Botswana’s Push for Control Angola’s state-owned diamond company, ENDIAMA E.P., has submitted a fully funded offer to acquire a strategic minority stake in De Beers, signaling a major shift in African diamond industry dynamics. The Angolan government clarified that the bid is not aimed at majority control. Instead, it seeks to foster a pan-African ownership model that would support De Beers’ long-term

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