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Angola Set to Join Global Niobium Producers as Niobonga Project Nears Launch

2, September, 20262, September, 2026

Angola to Become Africa’s First Niobium Producer as $150 Million Niobonga Project Nears Production Angola is preparing to enter the global niobium market, with the country’s first niobium mining project nearing completion in Quilengues, Huíla Province. The Niobonga project, being developed at the Bonga and Tchivira Carbonatite Complex, is expected to position Angola as the third niobium-producing country in the world after Brazil and Canada, and the first in Africa. Minister of Mineral Resources, Petroleum

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Corporate News Local Oil

Sonangol Eyes Sustainable Aviation Fuel Production in Angola

2, September, 20262, September, 2026

Sonangol Eyes Sustainable Aviation Fuel Production in Angola as Bio-Refinery Plans Advance Angola’s national oil company, Sonangol, is evaluating the potential to produce Sustainable Aviation Fuel (SAF) domestically, following a scientific study that identified favourable conditions for developing a local SAF industry. The assessment was conducted by researchers from Sonangol’s Research and Development Centre (CPD) and Sonangol Refining and Petrochemicals (SNL R&P). The findings indicate that Angola could support SAF production through its availability of

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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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