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ANPG and Etu Energias Complete Successful Espadarte 7ST2 Well in Angola’s Block 2/05

12, May, 202612, May, 2026

Angola’s Block 2/05 Boosted as ANPG and Etu Energias Confirm Successful Espadarte 7ST2 Well Completion and Strong Oil Output The National Agency for Petroleum, Gas and Biofuels (ANPG), in partnership with Etu Energias and other stakeholders of Block 2/05, has announced the safe and successful completion of drilling, completion, and testing operations of the Espadarte 7ST2 (ESP 7ST2) well, located in the Lower Congo Basin, Angola. According to a statement from Etu Energias accessed by

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Local News Transport and Logistics

Angola–EU Business Forum Targets Major Investment Push for Lobito Corridor Development

12, May, 202612, May, 2026

Angola-EU Business Forum 2026 Focuses on Mobilizing Investment for Lobito Corridor Infrastructure, Trade, and Energy Growth The 3rd Angola–European Union (EU) Business Forum opened on Tuesday in Luanda, with a strong focus on attracting European investment to accelerate the development of the Lobito Corridor across key sectors including agribusiness, transport, logistics, and energy. Held under the theme “From Dialogue to Concrete Investment,” the forum forms part of broader efforts to strengthen economic cooperation and advance

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International Corporate News Oil

South Sudan Declines to Renew Oranto Petroleum’s Block B3 Exploration Agreement

12, May, 202612, May, 2026

South Sudan Opens Block B3 to New Investors After Ending Oranto Petroleum Exploration Deal South Sudan has decided not to renew the Exploration and Production Sharing Agreement (EPSA) held by Oranto Petroleum for Block B3 after determining that the company failed to meet key contractual obligations. According to the Ministry of Petroleum, a review of the six-year agreement found that Oranto did not complete critical work program commitments, including required seismic surveys and agreed drilling

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International News Renewable Energy

Mozambique Relaunches Tender for 30 MW Solar Project in Sofala Province

12, May, 202612, May, 2026

Mozambique Restarts 30 MW Dondo Solar Tender to Expand Renewable Energy Capacity and Attract Private Investment The Government of Mozambique has relaunched the tender process for a 30 MW solar photovoltaic project in the Dondo district of Sofala Province as part of ongoing efforts to expand the country’s renewable energy capacity. The Ministry of Mineral Resources and Energy is overseeing the process in partnership with the Energy Regulatory Authority. The tender includes a request for

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Local Corporate News Oil

ExxonMobil Advances Block 15 Redevelopment to Extend Angola Oil Output

12, May, 202612, May, 2026

ExxonMobil Awards Major Subsea Contract to Boost Production and Extend Life of Angola’s Block 15 Oil Field Angola’s Block 15, one of the country’s largest offshore oil-producing assets, is entering a new phase of redevelopment as ExxonMobil moves to extend the field’s operational lifespan and sustain production levels. The U.S. energy company has awarded an engineering, procurement, construction, and installation (EPCI) contract to the Subsea Integration Alliance (SIA) for the Redevelopment 2.0 Likembe project. The

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Local News Oil

Angola Launches Cabinda Refinery to Boost Domestic Fuel Supply and Exports

12, May, 202612, May, 2026

Angola’s First New Refinery in 50 Years Starts Output in Cabinda, Reducing Fuel Imports and Strengthening Energy Security Angola’s Cabinda refinery, the country’s first new refinery since independence from Portugal 50 years ago, has officially begun supplying fuel to both domestic and international markets. The launch comes at a time of heightened global fuel supply concerns linked to geopolitical tensions in the Middle East. Before the Cabinda facility, Angola relied on a single refinery located

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International Corporate News Energy Oil

Eni Moves to Exit Nigerian Onshore Oil Sector with Sale of Remaining Stake in Renaissance JV

12, May, 202612, May, 2026

Eni to Sell Final 5% Stake in Nigeria’s Renaissance Africa Energy JV as Major Oil Majors Exit Onshore Assets Eni is preparing to sell its remaining 5% stake in the Renaissance Africa Energy joint venture in Nigeria, marking another step in the gradual withdrawal of major international oil companies from the country’s onshore oil sector. The company said the identity of the buyer and the value of the transaction will remain confidential for now. The

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International Renewable Energy

Renewvia Energy Expands Solar Mini-Grid Operations Across Four African Countries to Tackle Energy Poverty

12, May, 202612, May, 2026

Renewvia Energy to Invest $750M in Solar Mini-Grids Across Uganda, Rwanda, Ethiopia, and DR Congo to Expand Electricity Access in Sub-Saharan Africa Renewvia Energy Corp. is accelerating its expansion of solar-powered mini-grid projects across Africa as energy companies intensify efforts to address the continent’s persistent electricity shortage. The Atlanta-based renewable energy firm plans to enter Uganda, Rwanda, Ethiopia, and the Democratic Republic of Congo. The expansion is expected to require approximately $750 million in investment

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International News Oil

Libya Shuts Down Zawiya Refinery After Armed Clashes Near Key Oil Facility West of Tripoli

12, May, 202612, May, 2026

Libya’s Zawiya Oil Refinery Halts Operations After Violent Clashes Near Tripoli Escalate Security Crisis Libya, Africa’s second-largest oil producer, has suspended operations at its largest refinery following violent clashes near the facility west of Tripoli. The shutdown underscores the country’s ongoing security challenges and the continued vulnerability of its critical energy infrastructure. Shutdown of Zawiya Refinery On May 8, 2026, the Zawiya Oil Refinery, Libya’s largest processing facility with a capacity of more than 120,000

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International News Oil

U.S. Nigerian Crude Oil Imports Fall 15% in Q1 2026 as Africa Trade Share Shifts

12, May, 202612, May, 2026

U.S. Imports of Nigerian Crude Decline in Early 2026 Amid Supply Disruptions and Shifting African Trade Flows In the first quarter of 2026, the United States imported approximately $578.78 million worth of crude oil from Nigeria, marking a 15.06% decline compared to the same period in 2025. Data from the U.S. Census Bureau and the Bureau of Economic Analysis indicates a notable contraction in both value and volume of imports from the West African producer.

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