Angolan Mining Oil & Gas - Page 12 of 406 - Top Angolan News for Oil, Gas and Mining Industries

Petra Diamonds Reports Higher Quarterly Revenue as Cullinan Blue Diamond Sale Boosts Performance

6, April, 20266, April, 2026

Petra Diamonds Sells 781,797 Carats in Q3 2026, Books Revenue from Rare Cullinan Blue Diamond Despite Ongoing Market Weakness Petra Diamonds, the London-listed diamond producer, sold 781,797 carats during the quarter ended March 31, the third quarter of its 2026 financial year. Quarterly revenue rose to $68 million, up from $49 million in the previous quarter. However, the average price declined to $87 per carat, an 11% drop from $98 per carat, reflecting a 15%

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Local Economy News Oil

Angola’s Oil Sector Drives Local Investment and Job Creation Amid Recovery Efforts

31, March, 202631, March, 2026

Angola Awards $54.4 Billion in Oil Contracts to Boost Local Content, Jobs, and Economic Diversification Angola’s oil industry awarded contracts worth $54.4 billion between 2022 and 2025, with 97% allocated to domestically registered companies, the Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, announced. Speaking at the Annual Local Content Conference in Luanda, Azevedo said the contracts, approved by the National Agency of Petroleum, Gas and Biofuels (ANPG), cover investments across exploration, development, operations,

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Mergers & Acquisitions Corporate News Local Oil

ETU Energias Expands Offshore Portfolio with Major Block 14 Acquisition in Angola

31, March, 202631, March, 2026

Angola’s ETU Energias Boosts Stake in Block 14 Offshore, Strengthening Production and Revenue Base ETU Energias, Angola’s largest private oil company, has acquired a 20% stake in Block 14 and a 10% stake in Block 14K, both located in the Lower Congo Basin, from Azule Energy, the companies announced last week. The transaction was formalized through a Purchase and Sale Agreement (SPA). In a statement, ETU Energias described the acquisition as “a strategic step in

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Local News Oil

Angola Faces Inflation Risks Despite Rising Oil Prices Amid Middle East Conflict

31, March, 202631, March, 2026

Rising Global Oil Prices Boost Angola’s Revenue but Threaten Inflation, Says Minister Angola could benefit from rising global oil prices due to the ongoing conflict in the Middle East, but the country also faces potential inflationary pressures from higher import costs, the Minister of State for Economic Coordination, José de Lima Massano, warned on Friday. Speaking at the first edition of the conference “Radar Africa – Angola’s Paths” in Lisbon, organized by Jornal de Negócios,

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Local Economy News Oil

Nigeria’s Crude Exports to the U.S. Drop 47% as Angola and Ghana Gain Market Share

31, March, 202631, March, 2026

U.S. Imports of Nigerian Crude Halve in January Amid Rising African Competition The United States sharply reduced its imports of Nigeria’s crude oil in January 2026, cutting volumes by nearly half and highlighting intensifying competition in Africa’s oil sector. Data from the U.S. Census Bureau and Bureau of Economic Analysis show imports fell 47.2% month-on-month, declining from 3.15 million barrels in December 2025 to 1.66 million barrels in January, marking one of the steepest short-term

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Local Mergers & Acquisitions Oil

Botswana Eyes Stake in Angola’s Lobito Refinery to Boost Energy Security

31, March, 202631, March, 2026

Botswana in Talks to Acquire 30% of Angola’s Lobito Oil Refinery Amid Global Fuel Supply Concerns Botswana is moving to secure a stake in a multi-billion-dollar oil refinery project in Angola as countries worldwide seek to safeguard fuel supplies amid rising geopolitical tensions in the Strait of Hormuz. The initiative reflects Botswana’s efforts to strengthen its energy security and reduce vulnerability to global supply disruptions. As a landlocked nation that produces no crude oil, Botswana

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Corporate News Diamonds International

Lucara Secures $350 Million Bond Financing to Complete Karowe Underground Expansion

31, March, 202631, March, 2026

Lucara Diamond Raises $350m in Senior Secured Bonds to Fund Karowe Underground Project Completion in Botswana Canada-headquartered Lucara Diamond Corp has successfully closed a $350 million senior secured bond issuance, providing the financial certainty required to advance its Karowe Underground Project in Botswana through to completion. The five-year bonds carry a fixed annual coupon rate of 12.5%, with interest payments scheduled on a quarterly basis. Proceeds from the financing have been used to fully repay

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Corporate News International Oil

Chevron’s Wheatstone LNG Plant Hit by Cyclone Damage, Production Trains Remain Offline

31, March, 202631, March, 2026

Chevron Reports Extensive Cyclone Damage at Wheatstone LNG Facility in Australia, Full Production Delayed for Weeks Chevron Corporation said on Tuesday that downstream infrastructure at its Wheatstone LNG Plant in Western Australia sustained significant damage following a tropical cyclone, leaving both production trains temporarily offline. Danny Woodall confirmed that the two liquefied natural gas (LNG) processing trains at the 8.9-million-tonne-per-year facility remain shut after Tropical Cyclone Narelle struck the region last week. Speaking at the

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Diamonds Corporate News Mining Personality

Jillian Wolk Appointed CEO of De Beers’ Diamond Traceability Platform Tracr

31, March, 202631, March, 2026

De Beers Names Jillian Wolk as CEO of Tracr to Lead Next Phase of Diamond Traceability and Transparency Jillian Wolk has been appointed Chief Executive Officer of Tracr, the diamond traceability subsidiary of De Beers Group, effective May 1. She succeeds Wesley Tucker, who stepped down at the end of February after leading the business through its formative and scaling stages. Wolk brings extensive leadership experience across the jewellery, luxury and technology sectors. Most recently,

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Corporate News International Oil

Afreximbank Backs Dangote Refinery with $2.5 Billion Loan to Strengthen Africa’s Industrial Capacity

31, March, 202631, March, 2026

Afreximbank Underwrites $2.5bn for Dangote Refinery in $4bn Deal to Boost Africa’s Energy Security and Industrial Growth The African Export-Import Bank has underwritten US$2.5 billion of a US$4 billion senior syndicated term loan for Dangote Petroleum Refinery and Petrochemicals, a move expected to reinforce Africa’s largest refining complex and accelerate the continent’s industrial development agenda. The five-year financing facility, arranged in partnership with Access Bank, is designed to consolidate existing debt, optimise the refinery’s capital

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