Angolan Mining Oil & Gas

Oregen Energy Boosts Stake in Namibia’s Orange Basin with Strategic Acquisition and Financing Oregen Energy Corp. has expanded its position in Namibia’s offshore Orange Basin by acquiring an additional 36% equity interest in WestOil Limited, which holds a 70% operating stake in Block 2712A (PEL 107). The transaction, completed through Oregen’s purchase of Oranam Energy Limited, increases Oregen’s ownership in WestOil to 48.5%, giving the company a 33.95% net working interest in Block 2712A. Under

Read More Here

Petrobras to Reenter Nigeria Amid Strengthened Brazil-Nigeria Energy Cooperation Brazil’s state-run oil company Petrobras, which exited Nigeria five years ago, is expected to resume operations soon, Nigerian President Bola Tinubu announced. He made the statement during a joint press conference with Brazilian President Luiz Inácio Lula da Silva, held during Lula’s two-day visit to Nigeria aimed at bolstering bilateral relations. Petrobras first entered Nigeria in 1998, operating in the deep waters of the Niger Delta.

Read More Here

Africa to Add 1.2 Million bpd Refining Capacity by 2030, Creating $100 Billion Investment Opportunity Africa is poised to add 1.2 million barrels per day (bpd) of refining capacity by 2030, making it one of the fastest-growing regions for refinery development, according to the 2025 OPEC World Oil Outlook. Key projects in Nigeria, Angola, and Uganda are driving this growth, reflecting the continent’s efforts to strengthen energy supply and attract investment. Nigeria leads the expansion

Read More Here