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Local Economy News Oil

Angola Urges Oil Operators to Push Production Above One Million Barrels Per Day

2, September, 20262, September, 2026

Angola Targets Oil Production Above 1 Million Barrels Per Day as Government Calls for More Investment Angola’s government has called on oil companies operating in the country to increase crude oil production beyond one million barrels per day, as the country seeks to build on recent efforts to stabilise output and attract further investment into its petroleum sector. Minister of Mineral Resources, Petroleum and Gas Diamantino Azevedo made the appeal in Luanda on Monday, 31

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International Corporate News Oil

Galp Weighs N$13 Billion More Investment in Namibia’s Mopane Oil Project

31, August, 202631, August, 2026

Galp Considers Further N$13 Billion Investment as Mopane Oil Project Advances Galp Energia is considering an additional N$13 billion investment in Namibia as it advances exploration and appraisal work on the Mopane oil discovery in the Orange Basin, with a potential final investment decision targeted for 2028. The proposed investment would come on top of approximately N$12 billion Galp has already invested in Namibia over the past 20 years. If approved, the additional spending would

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Diamonds International News

South Africa’s Junior Diamond Sector Battles Rising Costs and Industry Headwinds

31, August, 202631, August, 2026

South Africa’s Small-Scale and Junior Diamond Miners Face Rising Costs and Regulatory Challenges South Africa’s small-scale and junior diamond mining sector is facing mounting pressure from rising operating costs, regulatory challenges and limited access to funding, threatening the viability of smaller producers. Industry stakeholders say junior and small-scale miners are particularly vulnerable because they generally operate with limited financial resources and lack the economies of scale available to larger mining companies. Access to capital remains

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International News Oil

US-Venezuela Oil Deal Raises Questions Over Contract Terms and Transparency

31, August, 202631, August, 2026

Experts Seek Clarity on US-Venezuela Oil Deal as Contract Details Remain Unclear The emerging oil agreement between the United States and Venezuela is facing scrutiny from energy experts and legal specialists, who are calling for greater transparency around the terms and structure of the deal. Questions have been raised over how the agreement will work in practice, particularly regarding the ownership, control and commercial arrangements surrounding Venezuela’s oil resources. Industry experts and lawyers say the

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Corporate News Local Oil

Etu Energias Strengthens Angola Offshore Position with $260 Million Chevron Deal

31, August, 202631, August, 2026

Etu Energias Acquires Chevron’s Angola Block 14 and 14K Stakes in $260 Million Deal Angola’s Etu Energias is significantly expanding its position in the country’s offshore oil sector after agreeing to acquire Chevron’s interests in Blocks 14 and 14K in a deal valued at $260 million. Under the agreement, Etu Energias will acquire Chevron’s 31% interest in Block 14 and 15.5% interest in Block 14K, both located offshore Cabinda. The assets currently produce about 42,000

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International Gas News

Indian Oil Secures Algerian LPG Supply Deal for 2027

30, August, 202630, August, 2026

Indian Oil Secures 2027 LPG Deal with Algeria’s Sonatrach as India Diversifies Energy Supplies Indian Oil Corporation (IOC), India’s largest refiner, has finalised an agreement with Algeria’s state-owned energy company Sonatrach to import liquefied petroleum gas (LPG) in 2027, as India moves to diversify its energy supplies and reduce reliance on Middle Eastern sources. Under the agreement, IOC will receive one very large gas carrier (VLGC) of LPG each month, carrying between 45,000 and 55,000

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International Corporate News Diamonds

Alrosa Swings to $110 Million H1 Loss Amid Weak Diamond Market

28, August, 202628, August, 2026

Alrosa Swings to $110 Million H1 Loss as Weak Diamond Market and Strong Rouble Hit Earnings Russian diamond producer Alrosa has reported a net loss of 9.5-billion roubles ($110.1-million) for the first half of 2026, compared with a profit of 40.6-billion roubles in the same period last year. The world’s largest diamond producer said its performance was affected by weak market conditions, a stronger rouble, relatively high interest rates and inflation in Russia. Revenue, including

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International Corporate News Oil

Dangote Refinery Faces Rising Petrol Imports as 43% of Nigeria’s July Supply Comes From Abroad

28, August, 202628, August, 2026

Nigeria’s Petrol Imports Surge to 43% of Supply, Pushing Dangote Refinery to Export Surplus Fuel Nigeria’s Dangote Petroleum Refinery is increasing petrol exports as rising imports take a growing share of the domestic market, creating uncertainty over demand and leaving the $20 billion refinery with surplus fuel. Imported Premium Motor Spirit (PMS) accounted for approximately 43% of Nigeria’s petrol supply in July 2026, according to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority

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International Renewable Energy

Kamoa-Kakula Switches On 233MW Solar-Battery System for 24/7 Power

28, August, 202628, August, 2026

DRC’s Kamoa-Kakula Begins 24/7 Solar Power From 233MW Renewable Energy System The Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC) has begun receiving round-the-clock electricity from a 233 MWp solar farm and 526 MWh battery storage system, strengthening power security at one of Africa’s largest copper operations. The facility reached commercial operation on 12 August 2026 and is designed to provide at least 30MW of continuous electricity, including during periods when the solar

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International News Transport and Logistics

DRC President Reassures on $1.26 Billion Dilolo-Sakania Railway Concession

28, August, 202628, August, 2026

DRC Secures $1.26bn Railway Investment as Tshisekedi Clarifies Dilolo-Sakania Concession DRC President Félix Tshisekedi has reassured the public that the concession of the Dilolo-Sakania railway line will not privatise the state-owned railway company or create a monopoly, as the government moves to attract major investment to modernise the strategic rail corridor. Tshisekedi’s remarks follow the signing of a 30-year concession agreement between the DRC government and Mota-Engil Engenharia e Construção Africa S.A. on 26 August

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