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Local Energy News

Angola Awards 30-Year Northern Corridor Power Concession to Somagec

18, August, 202618, August, 2026

Angola Awards 30-Year Power Corridor Concession to Somagec for Electricity Exports to DRC Angola has awarded Somagec Energy Holding Limited (SEHL) a 30-year concession to develop and operate the Northern Corridor, a major electricity transmission project designed to enable power exports from Angola to the Democratic Republic of Congo (DRC) while strengthening electricity supply to Cabinda. The concession was approved through Presidential Decree No. 115/26 of July 2, 2026, and is being implemented under a

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Local Gas News Oil

Angola Confirms Oil and Gas Potential in Benguela Basin

18, August, 202618, August, 2026

Angola Confirms Oil and Gas at Katambi-2 Well in Benguela Basin Angola has confirmed significant oil and gas potential in the Benguela Basin following successful drilling and testing of the Katambi-2 appraisal well on Block 24. The results, announced by the National Agency of Petroleum, Gas and Biofuels (ANPG) and Sonangol Exploration and Production (Sonangol E&P), confirm the presence of high-quality hydrocarbon-bearing reservoirs and strengthen the prospects for developing Angola’s non-associated gas resources. Located about

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Corporate News International Oil

ExxonMobil Awards $1.1 Billion in Contracts for Mozambique’s Rovuma LNG Project

18, August, 202618, August, 2026

ExxonMobil Awards $1.1 Billion in Contracts as Mozambique’s Rovuma LNG Project Advances ExxonMobil and its Area 4 partners have awarded approximately $1.1 billion in pre-investment contracts for long-lead equipment for the Rovuma LNG Phase 1 project in Mozambique’s Cabo Delgado province, marking a significant step towards development of the major offshore gas project. The contracts cover critical upstream equipment, including subsea production systems, large-bore production valves and offshore line pipe required to develop natural gas

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Corporate News Local Mining Projects

Pensana Clarifies Status of Strategic Investor’s Board Appointment

18, August, 202618, August, 2026

Pensana Updates Market on Qatar-Backed Cascade Board Appointment Pensana has provided an update on the previously announced appointment of Sheikh Dr Badr bin Dalhim Al-Faheid Al-Hajri to the board of Cascade Natural Resources, the Qatar-backed strategic investor in the company. Pensana said the appointment process is still underway and has not yet become effective. As a result, the appointment has not yet been filed with the Guernsey Registry. The company had announced the proposed appointment

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Local Oil Partnerships Petroleum

DRC and Angola Finalise Offshore Oil Agreement with $27.8 Billion Revenue Potential for DRC

18, August, 202618, August, 2026

DRC, Angola Finalise Offshore Oil Deal with $27.8 Billion in Potential Revenue for Kinshasa The Democratic Republic of Congo (DRC) and Angola have finalised an agreement governing the joint development and exploitation of offshore oil resources, marking a major step in efforts to unlock the country’s petroleum potential. The agreement is expected to generate up to $27.8 billion in potential revenue for the DRC, strengthening the economic significance of its offshore petroleum assets. The deal

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International News Oil

DRC Certifies $146.7 Million in Petroleum Sector Losses for Q2 2026

18, August, 202618, August, 2026

DRC Certifies $146.7 Million in Petroleum Losses and Revenue Shortfalls in Q2 2026 The Democratic Republic of Congo (DRC) has certified $146.72 million in losses and revenue shortfalls incurred by petroleum companies during the second quarter of 2026, highlighting the growing financial pressure on the country’s fuel supply sector. The certification, conducted on August 13 and 14, 2026, covered petroleum operations across the DRC’s four supply zones: Western, Southern, Eastern and Northern. The total certified

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Corporate News International Oil

Petrobras Puts $1 Billion Gas Pipeline Studies on Hold Amid Regulatory Uncertainty

14, August, 202614, August, 2026

Petrobras Suspends Studies for $1 Billion Brazil Gas Pipeline as Regulatory Changes Raise Investment Concerns Brazilian energy giant Petrobras has paused studies for a proposed US$1 billion natural gas pipeline in Sergipe, citing uncertainty over planned changes to the country’s gas market rules. The pipeline would connect two planned offshore floating production units to shore and is linked to Petrobras’ Sergipe deepwater development. The project is expected to support future production from offshore fields, with

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Corporate News International Oil

Dangote Refinery Retains Europe’s Top Jet Fuel Supplier Position, Surpassing US

14, August, 202614, August, 2026

Dangote Refinery Beats US for Second Month to Become Europe’s Leading Jet Fuel Supplier Nigeria’s Dangote Petroleum Refinery has retained its position as Europe’s largest external supplier of jet fuel for a second consecutive month, strengthening Nigeria’s growing role in the global aviation fuel market. The refinery supplied more than 400,000 tonnes of jet fuel to Europe in July, accounting for roughly 20% of the region’s 2.06 million tonnes of total imports, according to commodity

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International Expos & Events Sponsored

Development Finance, Advisory and Research Leaders Join Power Africa Today at AEW 2026

14, August, 202614, August, 2026

The institutional architecture around African power investment has grown considerably more sophisticated in recent years, with multilateral lenders, specialized blended finance vehicles, global law firms and energy research houses all playing active roles in how projects are structured, financed and brought to market. Speakers confirmed for the Power Africa Today conference during African Energy Week (AEW) 2026 in Cape Town, October 12-16, represent the complete investment ecosystem at work across the continent. The World Bank’s

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Corporate News Diamonds International

Sandvik to Supply 15-Unit Underground Fleet for Lucara’s Karowe Mine

14, August, 202614, August, 2026

Sandvik to Supply 15-Unit Underground Mining Fleet for Lucara’s $779 Million Karowe Project in Botswana Sandvik has secured an order from Lucara Botswana to supply a 15-unit underground mining fleet for the Karowe diamond mine in Botswana, supporting the operation’s transition from open-pit to underground mining. The equipment package includes development drills, loaders, a cable bolter and a longhole drill, along with spare parts, rock tools and aftermarket services. Deliveries are already under way and

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