Local News 11, June, 2025 The volume of refined petroleum products traded in the province of Cuanza-Norte during the first quarter of 2025 reached 27,901.38 metric tons, with diesel accounting for 72% of sales and gasoline representing 21%. These figures were presented by Luís Fernandes,... Cuanza-Norte Sees 167% Surge in Refined Oil Sales in Q1 2025 11, June, 2025 Luanda, Angola – The Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, called on foreign investors to explore opportunities in Angola’s onshore oil sector. Speaking at the opening of the 2nd Onshore and Inland Basins Exploration Forum in Luanda,... Angola Invites Foreign Investment in Onshore Oil Exploration 10, June, 2025 Saudi-based drilling and production services company ADES Holding has secured a $34 million offshore drilling contract in Cameroon with Addax Petroleum, marking the company’s entry into the Cameroonian market. Operations are scheduled to commence in the fourth quarter of 2025.... ADES Holding Secures $34 Million Offshore Drilling Contract in Cameroon 10, June, 2025 The Angolan government plans to invest over $60 billion in the oil sector over the next four years, aiming to maintain crude oil production above one million barrels per day by 2027. This announcement was made by Paulino Jerónimo, Chairman... Angola to Invest $60 Billion in Oil Sector to Sustain Production and Drive Energy Transition 10, June, 2025 A groundbreaking solar energy project with a production capacity of 25 megawatts is set to be implemented in the municipality of Cazombo, in the newly formed province of Moxico Leste. This initiative, the first of its kind in Angola, will... Angola Launches Landmark 25MW Solar Energy Project in Cazombo 10, June, 2025 Green Energy International Limited (GEIL) has marked a historic milestone in Nigeria’s petroleum sector with the successful inauguration of crude exports from its newly built Otakikpo onshore terminal. At approximately 2 PM on Sunday, June 8, a Shell-chartered off-taker vessel... Nigeria’s First Privately Managed Onshore Crude Export Terminal Begins Operations 10, June, 2025 Dutch floating production specialist SBM Offshore has reached an agreement to divest its entire ownership in the FPSO Aseng lease and operations business to GEPetrol, marking its planned exit from Equatorial Guinea. The company will undergo a transition period of... SBM Offshore to Exit Equatorial Guinea with Sale of FPSO Aseng Stake 10, June, 2025 ReconAfrica is preparing to drill its second exploration well in Namibia’s Kavango Basin, bolstered by a fresh capital raise aimed at advancing its ambitious exploration program. The Canadian-based explorer announced plans to raise C$10 million (approximately US$7.3 million) through a... ReconAfrica Targets Kavango Basin Expansion with New Drilling and C$10 Million Fundraising Effort Load More Share Facebook Twitter Pinterest Linkedin
11, June, 2025 The volume of refined petroleum products traded in the province of Cuanza-Norte during the first quarter of 2025 reached 27,901.38 metric tons, with diesel accounting for 72% of sales and gasoline representing 21%. These figures were presented by Luís Fernandes,... Cuanza-Norte Sees 167% Surge in Refined Oil Sales in Q1 2025
11, June, 2025 Luanda, Angola – The Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, called on foreign investors to explore opportunities in Angola’s onshore oil sector. Speaking at the opening of the 2nd Onshore and Inland Basins Exploration Forum in Luanda,... Angola Invites Foreign Investment in Onshore Oil Exploration
10, June, 2025 Saudi-based drilling and production services company ADES Holding has secured a $34 million offshore drilling contract in Cameroon with Addax Petroleum, marking the company’s entry into the Cameroonian market. Operations are scheduled to commence in the fourth quarter of 2025.... ADES Holding Secures $34 Million Offshore Drilling Contract in Cameroon
10, June, 2025 The Angolan government plans to invest over $60 billion in the oil sector over the next four years, aiming to maintain crude oil production above one million barrels per day by 2027. This announcement was made by Paulino Jerónimo, Chairman... Angola to Invest $60 Billion in Oil Sector to Sustain Production and Drive Energy Transition
10, June, 2025 A groundbreaking solar energy project with a production capacity of 25 megawatts is set to be implemented in the municipality of Cazombo, in the newly formed province of Moxico Leste. This initiative, the first of its kind in Angola, will... Angola Launches Landmark 25MW Solar Energy Project in Cazombo
10, June, 2025 Green Energy International Limited (GEIL) has marked a historic milestone in Nigeria’s petroleum sector with the successful inauguration of crude exports from its newly built Otakikpo onshore terminal. At approximately 2 PM on Sunday, June 8, a Shell-chartered off-taker vessel... Nigeria’s First Privately Managed Onshore Crude Export Terminal Begins Operations
10, June, 2025 Dutch floating production specialist SBM Offshore has reached an agreement to divest its entire ownership in the FPSO Aseng lease and operations business to GEPetrol, marking its planned exit from Equatorial Guinea. The company will undergo a transition period of... SBM Offshore to Exit Equatorial Guinea with Sale of FPSO Aseng Stake
10, June, 2025 ReconAfrica is preparing to drill its second exploration well in Namibia’s Kavango Basin, bolstered by a fresh capital raise aimed at advancing its ambitious exploration program. The Canadian-based explorer announced plans to raise C$10 million (approximately US$7.3 million) through a... ReconAfrica Targets Kavango Basin Expansion with New Drilling and C$10 Million Fundraising Effort
