Angolan Mining Oil & Gas - Page 4 of 412 - Top Angolan News for Oil, Gas and Mining Industries

Local News Renewable Energy

Angola Nears Renewable Energy Target as Clean Sources Supply 70% of National Electricity Demand

30, May, 202630, May, 2026

Renewable Energy Powers 70% of Angola’s Electricity Consumption, Government Says Renewable energy sources currently account for approximately 70 percent of Angola’s electricity consumption, with hydropower contributing more than 60 percent of the country’s energy mix, Minister of State for Economic Coordination José de Lima Massano announced on Thursday in Luanda. Massano made the remarks during the opening session of the 2nd International Conference on Energy and Water, which runs until Friday in the Angolan capital.

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Local Energy News

Angola and DRC Strengthen Energy Partnership Through Major Cross-Border Power Project

30, May, 202630, May, 2026

Angola and DRC Plan 1,450km Power Transmission Network to Deliver Over 2,000MW of Electricity Angola and the Democratic Republic of Congo (DRC) are set to deepen their energy cooperation through the development of two major electricity transmission lines spanning more than 1,400 kilometers, according to DRC Minister of Water Resources and Electricity, Teddy Molendo Sakombi. Speaking in Luanda on Thursday after meeting Angolan President João Lourenço, Sakombi revealed plans for two cross-border power transmission projects.

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International News Renewable Energy

Africa’s Solar Boom Drives 83% Surge in Chinese Panel Imports Amid Worsening Power Shortages

28, May, 202628, May, 2026

African Demand for Chinese Solar Equipment Surges 83% as Energy Crisis Accelerates Renewable Transition Africa’s deepening electricity shortages and rising energy costs are fueling a sharp increase in demand for Chinese solar equipment, further consolidating China’s dominance in the global renewable energy supply chain. New customs data released by China shows that exports of solar cells and panels to African countries rose 83% year-on-year in April, reaching 123,787 metric tonnes, up from 67,552 tonnes during

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Local Corporate News Economy Oil

BP to Invest $5 Billion in Angola’s Oil Sector Through Major Peace Project Expansion

27, May, 202627, May, 2026

BP Plans $5 Billion Investment to Boost Oil Production in Angola Through Peace Project British energy giant BP is planning to invest approximately US$5 billion in Angola’s oil sector through the development of the “Peace Project,” a major initiative expected to increase the country’s oil production capacity. The planned investment was one of the key topics discussed during a meeting between Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, and BP executives at

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Local Gas News Oil

Angola and Algeria Deepen Cooperation in Oil, Gas and Mineral Resources

27, May, 202627, May, 2026

Angola and Algeria Strengthen Energy and Mining Cooperation Following João Lourenço’s State Visit Angola and Algeria are advancing bilateral cooperation in the oil, gas and mineral resources sectors following high-level discussions between Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, and Algerian Ambassador to Angola, Mounir Bourouba. The meeting, held on Monday at Angola’s Ministry of Mineral Resources, Petroleum and Gas (MIREMPET), focused on the implementation of agreements signed during President João Lourenço’s

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Local News Renewable Energy

Angola Inaugurates Luau Solar Park to Power Rural Communities and Strengthen Lobito Corridor

27, May, 202627, May, 2026

Angola Launches Luau Solar Park to Electrify 20,000 Homes and Boost Lobito Corridor Development The Angolan government has described the newly inaugurated Luau Photovoltaic Solar Park as a strategic infrastructure project that will strengthen the Lobito Corridor while advancing rural electrification, sustainable development and economic inclusion. The solar park, inaugurated on Monday by President João Lourenço in Luau municipality, Moxico Leste Province, forms part of Angola’s broader effort to expand access to clean energy and

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International Diamonds News

Zimbabwe Aims to Increase Diamond Production Amid Weak Global Prices and Industry Challenges

27, May, 202627, May, 2026

Zimbabwe Targets 5 Million Carats Diamond Output Despite Global Price Decline and Market Pressures Zimbabwe Consolidated Diamond Company says it plans to raise diamond production to 5 million carats this year, despite continued weakness in global diamond prices and rising competition from synthetic stones. The target represents an increase of about 1.2 million carats compared with production levels in 2025, even as the global diamond industry faces sustained pressure from geopolitical tensions, shifting demand patterns,

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Local Corporate News Oil

Angola Approves 17-Year Extension for TotalEnergies to Develop Block 32 Offshore Assets

27, May, 202627, May, 2026

TotalEnergies Extends Angola Block 32 Production Agreement to 2043 Under New Investment Framework TotalEnergies has secured a long-term extension to continue developing Angola’s Block 32 offshore oil assets through 2043, adding 17 years of additional production and investment activity in one of the country’s key deepwater regions. The agreement was confirmed by Angola’s National Agency for Oil, Gas, and Biofuels (ANPG) following the signing of a framework deal in Luanda after negotiations that continued through

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International Corporate News Oil

BW Energy Advances MaBoMo Phase 2 Development to Boost Output at Dussafu Field

27, May, 202627, May, 2026

BW Energy Targets July 2026 Drilling Start for Dussafu Phase 2 Development Offshore Gabon BW Energy is preparing to begin drilling for the MaBoMo Phase 2 development on the Dussafu license offshore Gabon, with operations expected to start around July 2026. The campaign will initially target four production wells using the existing BW MaBoMo mobile production unit. The company is also evaluating plans for two additional appraisal wells as part of ongoing field development optimisation.

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International Corporate News Oil

ExxonMobil Advances Nigeria Deepwater Expansion with Owowo Project FID Timeline

27, May, 202627, May, 2026

ExxonMobil Targets 2026 Final Investment Decision for $7–8 Billion Owowo Deepwater Project in Nigeria ExxonMobil is targeting a final investment decision (FID) for its Owowo deepwater development offshore Nigeria in early 2026, with the project estimated to cost between $7 billion and $8 billion. According to S&P Global, ExxonMobil Vice President for Deepwater Offshore Hunter Farris confirmed the timeline, noting that 2026–2027 will be critical years for engineering work, regulatory approvals, and coordination with the

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