Angola’s Oil Revenue Surges to $8.91 Billion as Crude Exports Gain Momentum
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
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Nigeria Bets $10.7 Billion on a Modular Refining Boom
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
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Dana Gas Gains Momentum as Egypt Operations Return to Growth
Dana Gas Boosts Egypt Production as Drilling Success and Payments Strengthen Operations Dana Gas is seeing renewed momentum in Egypt after stronger production, successful drilling results and the full settlement of overdue receivables strengthened the company’s outlook for further investment. The UAE-based gas producer said it received an additional $21.5 million from the Egyptian Government, bringing all overdue receivables in the country to full settlement. The company also highlighted improved fiscal conditions, stronger government cooperation
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Shell Revives Namibia Exploration Plans After Strong Offshore Results
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
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