Angola’s Oil Industry Rebounds in 2026 as Deepwater Investment Drives Production Revival
Angola Oil Sector Gains New Momentum in 2026 as Deepwater Projects Attract Billions in Investment Angola’s oil industry is entering a new phase of recovery in 2026, supported by renewed investment in offshore projects, increased exploration activity and stronger confidence from international oil companies. After several years of declining production caused by maturing fields and limited new developments, Angola’s deepwater sector is regaining momentum. Major oil producers are extending their commitments in the country, while
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Angola LNG Plant Begins 32-Day Maintenance Shutdown as Gas Production Temporarily Falls
Angola LNG has temporarily halted operations at its Soyo facility for a 32-day maintenance programme, reducing LNG production while ensuring long-term reliability of the gas plant Angola LNG has temporarily suspended operations at its liquefied natural gas (LNG) plant in Soyo, Zaire Province, to carry out scheduled maintenance work aimed at improving the reliability, safety and efficiency of its facilities. The maintenance programme is part of a planned intervention involving the Angola LNG plant, the
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Angola Adds Chinese Yuan to Approved Foreign Currency Reserves
Angola Approves Chinese Yuan for Foreign Currency Reserves as Ties with China Deepen Angola’s central bank has authorised commercial banks to use the Chinese yuan as part of their foreign currency reserve requirements, marking a further step in strengthening financial and economic relations between Angola and China. The decision allows banks operating in Angola to hold yuan, alongside other approved currencies, to meet mandatory foreign exchange reserve obligations. The move is expected to support liquidity
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ExxonMobil Restarts Nigeria Drilling Campaign With $1 Billion Usan Oil Project
ExxonMobil Returns to Nigeria’s Deepwater Oil Sector With $1 Billion Investment Plan ExxonMobil is returning to Nigeria’s deepwater oil sector with a planned $1 billion investment in the Usan Infill Project, marking the company’s first major drilling campaign in the country in nearly a decade. The project, located in Oil Mining Lease (OML) 138 offshore Nigeria, is expected to increase crude oil production by approximately 40,000 barrels per day and strengthen output from the Usan
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