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Local Expos & Events Oil

Angola Showcases Oil Investment Opportunities at Africa Energies Summit 2026 in London

Angola Strengthens Its Position as a Leading Oil Investment Destination at Africa Energies Summit 2026 ANPG reaffirmed Angola’s growing influence on the global energy stage during the Africa Energies Summit 2026 held in London. The event provided Angola with an important platform to strengthen its image as one of Africa’s most attractive destinations for oil and gas investment. During the summit, ANPG promoted Angola’s energy potential to leading international oil and gas companies, highlighting the

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Corporate News Local Oil

João Lourenço Defends Angola’s Exit from OPEC and Lobito Refinery Investment

Angolan President João Lourenço Says OPEC Exit and Lobito Refinery Strategy Were Vindicated by Middle East Crisis Angolan President João Lourenço said on Wednesday that the ongoing conflict in the Middle East has reinforced the correctness of Angola’s decision to withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and resume construction of the Lobito refinery. The head of state made the remarks while answering journalists’ questions at the Presidential Palace in Luanda, following

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Local News Oil

Angola Invites Gabon to Invest in Lobito Refinery Project

Angola Seeks Gabon’s Investment in $200,000-Barrel-Per-Day Lobito Refinery to Boost Regional Fuel Supply Angola has invited Gabon to participate as an investor in the Lobito Refinery project, currently under construction and fully financed by the state oil company Sonangol. The invitation was extended by Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, during a visit by Gabonese President Brice Clotaire Oligui Nguema to the Luanda Refinery on the second day of his two-day

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Corporate News Local Oil

ANPG and Etu Energias Complete Successful Espadarte 7ST2 Well in Angola’s Block 2/05

Angola’s Block 2/05 Boosted as ANPG and Etu Energias Confirm Successful Espadarte 7ST2 Well Completion and Strong Oil Output The National Agency for Petroleum, Gas and Biofuels (ANPG), in partnership with Etu Energias and other stakeholders of Block 2/05, has announced the safe and successful completion of drilling, completion, and testing operations of the Espadarte 7ST2 (ESP 7ST2) well, located in the Lower Congo Basin, Angola. According to a statement from Etu Energias accessed by

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International Corporate News Oil

South Sudan Declines to Renew Oranto Petroleum’s Block B3 Exploration Agreement

South Sudan Opens Block B3 to New Investors After Ending Oranto Petroleum Exploration Deal South Sudan has decided not to renew the Exploration and Production Sharing Agreement (EPSA) held by Oranto Petroleum for Block B3 after determining that the company failed to meet key contractual obligations. According to the Ministry of Petroleum, a review of the six-year agreement found that Oranto did not complete critical work program commitments, including required seismic surveys and agreed drilling

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Local Corporate News Oil

ExxonMobil Advances Block 15 Redevelopment to Extend Angola Oil Output

ExxonMobil Awards Major Subsea Contract to Boost Production and Extend Life of Angola’s Block 15 Oil Field Angola’s Block 15, one of the country’s largest offshore oil-producing assets, is entering a new phase of redevelopment as ExxonMobil moves to extend the field’s operational lifespan and sustain production levels. The U.S. energy company has awarded an engineering, procurement, construction, and installation (EPCI) contract to the Subsea Integration Alliance (SIA) for the Redevelopment 2.0 Likembe project. The

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Local News Oil

Angola Launches Cabinda Refinery to Boost Domestic Fuel Supply and Exports

Angola’s First New Refinery in 50 Years Starts Output in Cabinda, Reducing Fuel Imports and Strengthening Energy Security Angola’s Cabinda refinery, the country’s first new refinery since independence from Portugal 50 years ago, has officially begun supplying fuel to both domestic and international markets. The launch comes at a time of heightened global fuel supply concerns linked to geopolitical tensions in the Middle East. Before the Cabinda facility, Angola relied on a single refinery located

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International Corporate News Energy Oil

Eni Moves to Exit Nigerian Onshore Oil Sector with Sale of Remaining Stake in Renaissance JV

Eni to Sell Final 5% Stake in Nigeria’s Renaissance Africa Energy JV as Major Oil Majors Exit Onshore Assets Eni is preparing to sell its remaining 5% stake in the Renaissance Africa Energy joint venture in Nigeria, marking another step in the gradual withdrawal of major international oil companies from the country’s onshore oil sector. The company said the identity of the buyer and the value of the transaction will remain confidential for now. The

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International News Oil

Libya Shuts Down Zawiya Refinery After Armed Clashes Near Key Oil Facility West of Tripoli

Libya’s Zawiya Oil Refinery Halts Operations After Violent Clashes Near Tripoli Escalate Security Crisis Libya, Africa’s second-largest oil producer, has suspended operations at its largest refinery following violent clashes near the facility west of Tripoli. The shutdown underscores the country’s ongoing security challenges and the continued vulnerability of its critical energy infrastructure. Shutdown of Zawiya Refinery On May 8, 2026, the Zawiya Oil Refinery, Libya’s largest processing facility with a capacity of more than 120,000

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International News Oil

U.S. Nigerian Crude Oil Imports Fall 15% in Q1 2026 as Africa Trade Share Shifts

U.S. Imports of Nigerian Crude Decline in Early 2026 Amid Supply Disruptions and Shifting African Trade Flows In the first quarter of 2026, the United States imported approximately $578.78 million worth of crude oil from Nigeria, marking a 15.06% decline compared to the same period in 2025. Data from the U.S. Census Bureau and the Bureau of Economic Analysis indicates a notable contraction in both value and volume of imports from the West African producer.

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