Angola Oil Revenue Jumps 54.7% to $8.91 Billion in Second Quarter Angola generated $8.91 billion from crude oil exports in the second quarter of 2026, marking a sharp increase in petroleum revenues and highlighting the continued importance of oil to the country’s export earnings. The country exported 88.12 million barrels of crude during the quarter, according to Secretary of State for Mineral Resources Jaime Victor. Oil export revenue increased by 54.71% compared with the same
Nigeria Targets $10.7 Billion in Modular Refinery Investment to Expand Refining Capacity Nigeria is emerging as a global hotspot for refinery development, with $10.74 billion in modular refinery investments expected to be deployed between 2026 and 2030 as the country accelerates efforts to expand domestic fuel production. According to Industrial Info Resources (IIR), Nigeria is expected to lead the world in new refinery construction during the period, with 24 grassroots refinery projects currently planned to
Shell Expands Namibia Offshore Exploration After Strong PEL 39 Oil Discovery Shell is reassessing its exploration strategy in Namibia following encouraging results from its offshore operations, renewing interest in the country’s highly prospective Orange Basin. The move signals a shift in the energy major’s outlook after earlier challenges raised questions about the commercial potential of some of its Namibian discoveries. Shell holds a 45% operating interest in Petroleum Exploration Licence 39 (PEL 39), alongside QatarEnergy
Ghana’s Tema Oil Refinery Resumes Full Operations After Processing 1 Million Barrels of Jubilee Crude Ghana’s Tema Oil Refinery (TOR) has returned to full operations, marking a significant step in the country’s efforts to strengthen domestic refining capacity and improve energy security. The state-owned refinery has successfully restored operations at its Crude Distillation Unit (CDU), following extensive refurbishment and turnaround maintenance. The restart is particularly significant because TOR has achieved the milestone without a financial
Angola Targets 1.2 Million Bpd Oil Output as New Projects and Exploration Advance Angola is targeting a turnaround in oil production as the government steps up efforts to revive mature fields, accelerate new projects and expand exploration across the country’s offshore basins. Angola’s crude output has fallen from around 2 million barrels per day (bpd) in 2008 to approximately 1.03 million bpd in 2026, largely due to declining mature fields, ageing infrastructure and slower investment.
Uganda’s Tilenga, Kingfisher Projects Near 80% Completion as First Oil Approaches Uganda’s two major oil developments are nearing completion, with the Tilenga Project reaching 74% progress and the Kingfisher Project 79% complete as the country moves closer to its first commercial oil production. According to progress updates as of June 30, 2026, Tilenga has drilled 234 wells, exceeding the 170 wells required to begin production. Kingfisher has also advanced significantly, with its central processing facility
Sintana Energy’s Namibia Oil Discovery Strengthens Orange Basin Potential Sintana Energy is advancing its position in Namibia’s rapidly emerging offshore oil province following major resource growth at the Mopane discovery in the Orange Basin. The company holds an indirect interest in Petroleum Exploration Licence 83 (PEL 83), where the Mopane discoveries were made in 2023 and 2024. The project is operated by Galp Energia. In March 2026, Galp upgraded Mopane’s gross 3C contingent resources by
Roc Oil Confirms Commercial Discovery at East Yidma-1 Offshore Egypt Roc Oil has confirmed a commercial oil discovery at the East Yidma-1 exploration well in Egypt’s offshore Gulf of Suez, strengthening the company’s exploration position in one of the country’s established hydrocarbon regions. The well was drilled to a total depth of 3,150 metres and encountered 34 metres of net oil pay across the Matulla and Nubia formations. Roc Oil said the results met pre-drill
MSC Launches Afungi Shuttle Linking Nacala and Maputo to Mozambique LNG Project Mediterranean Shipping Company (MSC) has launched the Afungi Shuttle, a new maritime service designed to strengthen logistics connectivity for the TotalEnergies-led Mozambique LNG project and support growing economic activity in northern Mozambique. The new service connects Afungi, the site of the Mozambique LNG development in Cabo Delgado province, with dedicated feeder connections through the ports of Nacala and Maputo. The service is expected
Mozambique LNG Project Hits 45% Completion as TotalEnergies Targets First Gas in 2029 The TotalEnergies-led Mozambique LNG project has reached 45% completion as construction activity gathers pace in Cabo Delgado, marking further progress on one of Africa’s largest liquefied natural gas developments. TotalEnergies Chairman and CEO Patrick Pouyanné said the project has continued to advance following the full resumption of construction activities earlier this year, with the company and its partners increasing the workforce supporting
