Vital Industry News
Egypt Secures Initial Financing for Scatec’s $650 Million Solar Power Project Angola’s Fuel Import Bill Nears $1 Billion in Third Quarter Despite Refining Expansion Plans Angola and South Korea Deepen Energy Partnership to Boost Power Sector Investment Angola Calls for Stronger Natural Gas Cooperation and Sustainable Resource Development Angola Generates $8.33 Billion from Oil Exports in Third Quarter Tanzania Signals Interest in Angola’s Lobito Refinery Project Tanzania Strikes Major Natural Gas Discovery as Energy Ambitions Gain Momentum Angola Approves New Mining Projects as Government Updates Concession Portfolio TotalEnergies Completes $800 Million Divestment of Nigerian Oil Assets While Retaining Key Gas Interests XRG Explores Strategic Entry into Libya Through Potential Stake in Eni’s Energy Assets
International News Renewable Energy

Egypt Secures Initial Financing for Scatec’s $650 Million Solar Power Project

Petroleum Local News Oil

Angola’s Fuel Import Bill Nears $1 Billion in Third Quarter Despite Refining Expansion Plans

Local Energy News

Angola and South Korea Deepen Energy Partnership to Boost Power Sector Investment

More Angolan Mining News

International News Renewable Energy

Egypt Secures Initial Financing for Scatec’s $650 Million Solar Power Project

Egypt Advances Renewable Energy Ambitions with Preliminary Financing for $650 Million Scatec Solar Project Egypt…
Petroleum Local News Oil

Angola’s Fuel Import Bill Nears $1 Billion in Third Quarter Despite Refining Expansion Plans

Angola Spends Nearly $1 Billion on Fuel Imports in Q3 as Government Pushes Refining Capacity…
Local Energy News

Angola and South Korea Deepen Energy Partnership to Boost Power Sector Investment

Angola and South Korea Strengthen Electricity Sector Cooperation to Accelerate Energy Infrastructure Investment Angola and…
Local Gas News

Angola Calls for Stronger Natural Gas Cooperation and Sustainable Resource Development

Diamantino Azevedo Urges Greater Natural Gas Cooperation to Drive Sustainable Growth Across Producing Nations Angola’s…
Local Economy News Oil

Angola Generates $8.33 Billion from Oil Exports in Third Quarter

Angola’s Oil Export Revenue Reaches $8.33 Billion in Q3 as Energy Sector Remains Economic Backbone…
Local News Oil

Tanzania Signals Interest in Angola’s Lobito Refinery Project

Tanzania Eyes Partnership in Angola’s Lobito Refinery as Regional Energy Cooperation Gains Momentum Tanzania has…
Energy Local Oil

Angola’s Mature Oil Fields Draw $10 Billion Investment as Reforms Revitalize Upstream Sector

Angola Attracts $10 Billion in Oil and Gas Investment Through Fiscal Reforms and Mature Field Development Angola is experiencing a resurgence in upstream oil and gas investment, with an estimated $10 billion being directed toward the development and optimization of mature oil fields. The renewed investor confidence comes as the country implements a series of fiscal reforms aimed at extending the productive life of aging assets, improving project economics, and maintaining its position as one

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International Energy News

Nigeria’s $300 Million DRE Fund Falls Far Short of Off-Grid Power Needs

Nigeria’s $300 Million Renewable Energy Fund Covers Just 2% of Off-Grid Electrification Requirement Nigeria’s ambitious efforts to expand electricity access through decentralized renewable energy (DRE) solutions have received a significant boost with the establishment of a US$300 million fund. However, industry experts warn that the financing package addresses only a small fraction of the investment required to bring power to millions of Nigerians who remain disconnected from the national grid. According to energy sector stakeholders,

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Transport and Logistics Local News

Zambia Lobito Railway Moves Closer to Construction as AFC Names Preferred EPC Contractors

AFC Selects Preferred Contractors for Zambia Lobito Railway, Paving the Way for Major Regional Trade and Mining Corridor Africa Finance Corporation (AFC) has taken a significant step toward advancing the Zambia Lobito Railway Project by announcing the preferred Engineering, Procurement and Construction (EPC) contractors for the transformative cross-border rail development linking Zambia to Angola’s Atlantic coast. The announcement follows a competitive international tender process for the 830-kilometre greenfield railway project, which is expected to strengthen

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International Oil Petroleum

Ghana Advances $28 Billion Petroleum Hub Expansion with New Development Agreement

Ghana Signs $28 Billion Petroleum Hub Expansion Deal Featuring Refinery, Petrochemicals and Storage Infrastructure Ghana has taken another step toward establishing itself as a major petroleum processing and trading hub in West Africa after signing a memorandum of understanding (MoU) for a proposed US$28 billion expansion of its flagship Petroleum Hub project. The agreement was signed in Accra on 19 October by the Petroleum Hub Development Corporation and a consortium led by UAE-based Global Sphere,

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International Gas News Oil

Namibia Urges Local Businesses to Position for Oil and Gas Opportunities

Namibia Calls on Local Companies to Build Capacity for Oil and Gas Supply Chain Contracts As Namibia moves closer to developing its offshore petroleum resources, President Netumbo Nandi-Ndaitwah has called on local businesses to strengthen their capabilities and prepare for opportunities emerging across the oil and gas value chain. Speaking at the opening of the Swakopmund International Trade Expo (SWAiTEX) in Swakopmund, Nandi-Ndaitwah emphasised that Namibian companies must take proactive steps to build the technical,

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Local Energy News

Namibia and Angola Fast-Track N$941 Million Power Interconnector and Baynes Hydropower Project

Namibia and Angola Prioritise N$941 Million Interconnector and Baynes Hydropower Project to Boost Regional Energy Security Namibia and Angola have reaffirmed their commitment to strengthening regional energy infrastructure by prioritising the N$941 million Angola-Namibia Interconnector and the long-planned Baynes Hydropower Project, two strategic initiatives expected to enhance power security, economic cooperation, and cross-border development. The projects were highlighted during the inaugural session of the Angola-Namibia Bi-National Commission (BNC) in Luanda, co-chaired by Namibian President Netumbo

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Local News Oil

Namibia’s President Visits Luanda Refinery as Angola Strengthens Regional Energy Cooperation

Namibia President Netumbo Nandi-Ndaitwah Visits Luanda Refinery During Angola State Visit Namibia’s President Netumbo Nandi-Ndaitwah visited the Luanda refinery in Angola on Tuesday, 20 October 2026, before concluding her state visit to the country, as both nations seek to strengthen cooperation in the energy sector. The visit provided an opportunity for the Namibian delegation to learn more about Angola’s petroleum refining operations and its efforts to expand domestic processing capacity. The Luanda refinery, operated by

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Local News Oil

President Lourenço Invites Namibia to Take Stake in US$6.6 Billion Lobito Refinery

Angola Invites Namibia to Invest in 200,000 bpd Lobito Refinery Project Angola has invited Namibia to acquire a stake in the Lobito refinery, a major downstream energy project under construction in Benguela Province that is designed to process 200,000 barrels of crude oil per day. Angolan President João Lourenço announced the invitation on 19 October 2026 during a state visit to Luanda by Namibian President Netumbo Nandi-Ndaitwah. The proposal forms part of efforts to deepen

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Local Energy News

Angola and Namibia Move to Accelerate Construction of US$1.5 Billion Baynes Dam

Angola and Namibia Advance 860 MW Baynes Hydropower Project as Financing Plans Take Shape Angola and Namibia are working to accelerate the construction of the Baynes Binational Hydropower Project, a US$1.5 billion development on the Cunene River expected to strengthen electricity supply and energy security in both countries. The energy ministers of the two countries met in Luanda on 16 October 2026 to discuss the project’s implementation schedule, financing arrangements and outstanding administrative requirements needed

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Corporate News International Oil

Eni Targets 2028 Start-Up for Coral North LNG Project in Mozambique

Eni Advances US$7.2 Billion Coral North LNG Project Towards 2028 Start-Up Italian energy company Eni is advancing development of its Coral North floating liquefied natural gas (FLNG) project offshore Mozambique, with production targeted for 2028 as the company prepares to expand the country’s LNG export capacity. The project is located in Area 4 of the Rovuma Basin, offshore Cabo Delgado in northern Mozambique. It is designed to produce approximately 3.55 million tonnes of LNG annually,

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