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International News Oil

Nigeria Named Permanent Headquarters of African Petroleum Regulators Forum

23, December, 202523, December, 2025

Nigeria Emerges as Permanent Headquarters of AFRIPERF as NUPRC CEO Gbenga Komolafe Appointed Chairman The African Petroleum Regulators Forum (AFRIPERF), a coalition of oil and gas regulatory authorities across Africa, has selected Nigeria as its permanent headquarters and appointed the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, as its substantive chairman. The decision was reached during AFRIPERF’s inaugural Executive Committee meeting, which was held virtually on December 2, 2025.

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Corporate News Local Mining Projects

Pensana Strengthens Shareholder Support Ahead of Nasdaq Listing

18, December, 202518, December, 2025

Angolan Sovereign Wealth Fund Backs Pensana with Staged $15m Loan Conversion Ahead of Planned Nasdaq Listing The Angolan Sovereign Wealth Fund (FSDEA) has agreed to a staged conversion of a $15-million bridging loan into equity to manage its ownership percentage in London-listed Pensana, while enabling the introduction of new institutional investors ahead of the company’s proposed Nasdaq listing in mid-2026. In May, Pensana announced the terms and timing of an initial $25-million equity tranche, forming

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Energy Expos & Events International

Africa Needs Grids to Move Power from Renewable Energy Projects to End Users

18, December, 202518, December, 2025

Africa stands at a defining moment in its energy transition. With some of the world’s richest solar, wind and hydro resources, the continent is rapidly scaling up renewable energy generation. However, a critical bottleneck threatens to derail this progress: the lack of adequate, modern and interconnected power grid infrastructure to move electricity from generation sites to where it is needed most. Across the continent, hundreds of renewable energy projects – from utility-scale solar farms in

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Transport and Logistics Local News

Lobito Atlantic Railway secures USD753 million to accelerate development in Angola

18, December, 202518, December, 2025

Lobito Atlantic Railway (“LAR”) announced it has secured USD753 million in financing from the US International Development Financial Corporation (DFC) and the Development Bank of Southern Africa (DBSA) to support the rehabilitation of the 1,300 km railway in Angola, which connects the Mineral Terminal at the Port of Lobito to Luau on Angola’s border with the Democratic Republic of Congo (DRC). The loan will enable upgrades to the railway’s track infrastructure, workshops, signalling systems, and

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Corporate News International Oil

Shell Gains 60% Stake in South Africa’s Block 2C, Expanding Orange Basin Presence

16, December, 202516, December, 2025

Shell Secures Major Offshore Expansion in South Africa’s Orange Basin with PetroSA Farm-In Deal South Africa’s state-owned PetroSA has approved a farm-in agreement granting Shell Offshore a 60% operating stake in Block 2C, significantly expanding the oil major’s presence in the strategic Orange Basin, according to a company document reviewed by Reuters. The Orange Basin, located along the maritime border between South Africa and Namibia, has become a leading exploration hotspot following several major discoveries

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Corporate News International Oil

TotalEnergies Secures Operatorship of Namibia’s Mopane Discovery Through Asset Swap With Galp

16, December, 202516, December, 2025

TotalEnergies Expands Offshore Namibia Footprint With Galp Asset Swap, Gains Control of Mopane Discovery TotalEnergies has strengthened its position in offshore Namibia after reaching an asset-swap agreement with Portugal’s Galp, granting the French major operatorship of the significant Mopane oil discovery. Under the terms of the deal, Galp will transfer its 40% interest in the PEL83 license, which contains the Mopane discovery. In exchange, Galp will receive a 10% stake in TotalEnergies’ PEL56 license—home to

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Corporate News Local Mining Projects

Pensana Secures $100 Million Strategic Investment to Advance Longonjo Project

15, December, 202515, December, 2025

Pensana Raises $100 Million to Accelerate US Mine-to-Magnet Rare Earth Supply Chain Strategy London-listed Pensana has completed a $100 million strategic investment to support the company’s US-focused mine-to-magnet supply chain strategy, strengthening funding for the development of its Longonjo rare earth project in Angola. Under the agreement, the strategic investor has subscribed for 95 million new ordinary shares, subject to confirmatory due diligence on the Longonjo project, shareholder approval for the share issuance, and regulatory

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Corporate News Mergers & Acquisitions Oil

BW Energy Enters Angola Through Offshore Asset Acquisition

15, December, 202515, December, 2025

BW Energy and Maurel & Prom Acquire Stakes in Angola’s Block 14 and 14K from Azule Energy BW Energy, in partnership with Maurel & Prom, has signed an agreement to acquire offshore interests in Angola from Azule Energy, marking BW Energy’s entry into the Angolan upstream sector. Under the transaction, the consortium will obtain a combined 20% non-operated interest in Block 14 and a 10% non-operated interest in Block 14K. BW Energy’s share of the

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Corporate News Local Oil

Lobito Refinery Construction Confirmed as Strategic Priority for Sonangol

15, December, 202515, December, 2025

Lobito Refinery Set to Begin Production in 2027 as Sonangol Prioritizes Strategic Energy Infrastructure The construction of the Lobito refinery is a top priority for Sonangol, according to the Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo. The minister made the statement during a meeting with the Governor of Benguela, Manuel Nunes Júnior, where progress on the project was reviewed. Speaking at the meeting, Diamantino Azevedo reiterated the strategic importance of the refinery, emphasizing

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Diamonds Local News

Angola Achieves 93 Percent Diamond Traceability to Strengthen Transparency and Governance

15, December, 202515, December, 2025

Angola Tracks 93 Percent of Diamond Production, Aiming for Full Traceability and Global Leadership Angola has successfully traced 93 percent of its diamond production, advancing its goal of promoting transparency, governance, and adherence to international best practices, the Angolan National Diamond Company, Endiama, announced on Tuesday. A statement from Endiama emphasized that diamond mining companies in Angola “have reached a significant milestone by ensuring that 93 percent of total production is now traceable.” This achievement

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