Angolan Mining Oil & Gas - Page 2 of 416 - Top Angolan News for Oil, Gas and Mining Industries

Murphy Oil Strikes Light Oil at Bubale-1X Offshore Côte d’Ivoire

28, June, 202628, June, 2026

Murphy Oil Discovers High-Quality Light Oil at Bubale-1X Well Offshore Côte d’Ivoire Murphy Oil has announced an oil discovery at the Bubale-1X exploration well in Block CI-709, located approximately 64 kilometres offshore Côte d’Ivoire, marking another milestone in the company’s offshore exploration programme. The Bubale-1X well was drilled to a total depth of 6,263 metres in water depths of 2,376 metres. It encountered 30 metres of net oil pay across two reservoir intervals, with preliminary

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International News Oil

Murphy Oil Strikes New Offshore Discovery in Côte d’Ivoire as Exploration Momentum Builds

25, June, 202625, June, 2026

Murphy Oil confirms Bubale-1X offshore oil discovery in Côte d’Ivoire, boosting West Africa’s rising production outlook U.S.-based Murphy Oil has announced a new offshore oil discovery in Côte d’Ivoire, reinforcing the country’s growing profile as an emerging hydrocarbon producer in West Africa. The company said its Bubale-1X exploration well in Block CI-709 encountered around 100 feet (approximately 30 metres) of net oil pay across two reservoirs. Early assessments indicate the presence of high-quality light crude,

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International Oil Petroleum

Nigeria’s Petrol Exports to Togo Surge to N105.5bn Amid Regional Fuel Trade Shift

25, June, 202625, June, 2026

Nigeria exports N105.5bn petrol to Togo as Dangote Refinery reshapes West Africa fuel trade dynamics Nigeria’s export of Premium Motor Spirit (petrol) to Togo reached N105.5 billion in the first quarter of 2026, highlighting a major shift in West Africa’s refined fuel trade following Nigeria’s emergence as a net exporter of petroleum products. According to the National Bureau of Statistics’ Foreign Trade Report, Togo also imported N278.36 billion worth of gas oil and N273.18 billion

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Corporate News International Oil

Petrobras Expands Offshore Footprint in Ivory Coast with Eight Exploration Blocks

25, June, 202625, June, 2026

Petrobras secures 63,000 km² offshore exploration rights in Ivory Coast to boost deepwater oil and gas development Mozambique Rovuma Venture (MRV), led by Eni, has launched an international call for expressions of interest for the construction and installation of a third floating liquefied natural gas (FLNG) production unit in Mozambique’s offshore Rovuma Basin. According to the tender notice, the consortium is seeking qualified companies to execute a full EPCIC contract covering engineering, procurement, construction, installation,

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International Corporate News Oil

MRV Led by Eni Launches Tender for Third FLNG Unit in Mozambique’s Rovuma Basin

25, June, 202625, June, 2026

Eni’s Mozambique Rovuma Venture issues global tender for EPCIC contract for third 6 MTPA FLNG unit offshore Cabo Delgado Mozambique Rovuma Venture (MRV), led by Eni, has launched an international call for expressions of interest for the construction and installation of a third floating liquefied natural gas (FLNG) production unit in Mozambique’s offshore Rovuma Basin. According to the tender notice, the consortium is seeking qualified companies to execute a full EPCIC contract covering engineering, procurement,

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Local Economy News Oil

Angola Approves Tax Incentives for High-Risk Offshore Oil Blocks to Boost Investment

25, June, 202625, June, 2026

Angola grants new tax incentives for Chevron, TotalEnergies and BP oil blocks to attract upstream investment The Angolan government has approved additional tax incentives for four offshore oil blocks in a move aimed at attracting investment into areas considered to carry high operational complexity and significant geological risk. The decision was taken during an extraordinary session of the Council of Ministers held on Monday at the Presidential Palace, chaired by President João Lourenço. The measures

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Local Energy News Oil

Angola Urged to Accelerate Energy Diversification as Oil Production Decline Looms

25, June, 202625, June, 2026

Angola must invest in electricity exports and prepare for post-oil economy, warns Antonio Costa Silva Former Portuguese Economy Minister António Costa Silva has urged Angola to urgently accelerate economic diversification and prepare for a post-oil future, warning that declining production from mature oil fields could significantly impact the country’s revenues in the coming years. Speaking in Luanda during the presentation of a Deloitte banking sector report, Costa Silva noted that Angola could face an estimated

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Local Corporate News Oil

Sonangol Secures $2.65 Billion Bank Financing to Support Operations and Investment Plans

23, June, 202623, June, 2026

Angola’s Sonangol Raises $2.65 Billion from International Banks to Fund Operations and Refinery Expansion Angola’s national oil company, Sonangol, has secured a US$2.65 billion financing package from a consortium of international banks to support its operational needs and ongoing capital investment programme, according to a company spokesperson cited by Reuters. Sonangol, Angola’s largest energy company, operates across the full hydrocarbons value chain, including crude oil and natural gas exploration, production, and downstream activities. Bankers involved

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International News Oil

Libya Oil Output Hits Highest Level Since 2013, Nears 1.5 Million Barrels Per Day

23, June, 202623, June, 2026

Libya Crude Production Surges to 1.49 Million Barrels as NOC Targets 1.5 Million and Foreign Oil Firms Return Libya’s oil production has risen to its highest level since 2013, with total crude and condensate output reaching approximately 1.49 million barrels per day. The milestone strengthens the country’s position among Africa’s leading oil producers as international energy companies gradually return to its upstream sector. The National Oil Corporation (NOC) reported output of 1,487,723 barrels per day,

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Local Corporate News Oil

Angola Secures $5.1 Billion Investment for Major Greater PAJ Offshore Oil Development

23, June, 202623, June, 2026

Angola Approves $5.1 Billion Greater PAJ Offshore Oil Project to Boost Production and Extend Oil Lifespan Angola has secured a significant vote of confidence in its oil sector after Azule Energy and its partners approved the US$5.1 billion Greater PAJ offshore development, one of the country’s largest upstream investments in recent years. The Final Investment Decision (FID), announced in Luanda, paves the way for development across offshore Blocks 31 and 31/21, an area estimated to

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