Vital Industry News
Ghana Advances $28 Billion Petroleum Hub Expansion with New Development Agreement Namibia Urges Local Businesses to Position for Oil and Gas Opportunities Namibia and Angola Fast-Track N$941 Million Power Interconnector and Baynes Hydropower Project Namibia’s President Visits Luanda Refinery as Angola Strengthens Regional Energy Cooperation President Lourenço Invites Namibia to Take Stake in US$6.6 Billion Lobito Refinery Angola and Namibia Move to Accelerate Construction of US$1.5 Billion Baynes Dam Eni Targets 2028 Start-Up for Coral North LNG Project in Mozambique South Africa Dismisses Appeals Against TotalEnergies’ Offshore Exploration Afentra Prioritises Impala-2 Well in Revised Angola Drilling Programme BW Energy Confirms Up to 9 Million Barrels of Recoverable Oil Offshore Gabon
International Oil Petroleum

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

International Gas News Oil

Namibia Urges Local Businesses to Position for Oil and Gas Opportunities

Local Energy News

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

More Angolan Mining News

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…
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…
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…
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…
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…
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…
Local Mining News

Angola to Review Mining Code After 15 Years

Angola to Review 2011 Mining Code as Government Seeks to Boost Sector Competitiveness Angola is set to conduct a comprehensive review of its mining sector and Mining Code, 15 years after the legislation was introduced, as the government seeks to strengthen competitiveness and align the regulatory framework with changes in the global minerals industry. Minister of Mineral Resources, Oil and Gas Diamantino Azevedo announced the planned review during celebrations marking the 15th anniversary of the

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Energy Corporate News International Oil

Sasol Leads Emerging-Market Peers as Oil Rally Boosts Coal-to-Liquids Business

Sasol Shares Surge Nearly 120% as Oil Prices Boost South African Coal-to-Liquids Producer South Africa’s Sasol has emerged as the top-performing emerging-market stock outside Asia this year, benefiting from higher oil and chemicals prices and its coal-to-liquids business. The company has delivered investors a dollar return of almost 120% this year, following a 45% gain in 2025, putting it on track for its strongest annual performance since at least 1991. Sasol’s performance follows a significant

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Corporate News Diamonds International

Petra Diamonds Appoints Questco for Strategic Review

Petra Diamonds Appoints Questco as Company Considers Asset Sales Amid Liquidity Pressure London-listed Petra Diamonds has appointed South African corporate advisory firm Questco Corporate Advisory to manage a strategic review as the diamond producer explores options to address its near-term liquidity needs. The appointment follows Petra’s decision last week to undertake a strategic review after consultations with key stakeholders, including its first- and second-lien creditors. The review will consider all potential options available to the

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International Mining News

US Funds Study for DRC Copper and Cobalt Refinery

US Funds Pre-Feasibility Study for DRC’s 30,000-Tonne Copper and 5,000-Tonne Cobalt Refinery The US Trade and Development Agency (USTDA) has signed an agreement with Congolese mineral processor Buenassa Resources to fund a pre-feasibility study for a proposed copper and cobalt refinery in Lualaba Province. The study will assess potential sources of feedstock, establish the refinery’s technical design and determine the economic and financial requirements for its development. USTDA has not disclosed the value of the

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Local News Oil

Angola’s Lobito Refinery Faces Multibillion-Dollar Financing Challenge

Angola’s US$6.2 Billion Lobito Refinery Faces US$4.8 Billion Financing Challenge Angola’s US$6.2 billion Lobito Refinery is at the centre of the country’s push to expand domestic refining capacity and reduce dependence on imported petroleum products, but securing the remaining financing remains a major challenge. The 200,000-barrel-per-day refinery in Benguela Province is expected to become Angola’s largest refining facility. The project is designed to support domestic fuel supply while creating an industrial hub for petrochemicals and

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Local Corporate News Oil

Omani Oilfield Services Firm DSOG Targets Angola Expansion with Sonangol Pact

Oman’s DSOG Signs Sonangol Pact to Expand Oilfield Services into Angola Omani oilfield services company Desert Sand Oil & Gas (DSOG) has signed a memorandum of understanding (MoU) with Angola’s national oil company Sonangol to explore cooperation in oilfield services and technologies, opening a potential route into Angola’s upstream services market. The agreement was signed by Khalid bin Sultan Al Junaibi, Group CEO of DSOG’s parent company, Al Daham Holding Group, during Oman’s Sultan Haitham

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International Corporate News Oil

Dangote to Proceed with Kenya Refinery Groundbreaking Despite Court Order

Dangote to Proceed with US$16 Billion Kenya Refinery Groundbreaking Despite Land Court Order Dangote Group said a Kenyan court order over a land dispute would not stop the planned groundbreaking of its US$15–16 billion oil refinery in Lamu, although some activities at the site could be affected. The planned refinery, with a capacity of 700,000 barrels per day, is scheduled to begin construction following a groundbreaking ceremony on Wednesday, September 30, attended by Dangote Group

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Corporate News Gas International

ReconAfrica Identifies Liquid-Potential Gas at Namibia’s Kavango Well

ReconAfrica Finds Thermogenic Gas with Liquid Potential at Kavango West Well in Namibia Reconnaissance Energy Africa (ReconAfrica) has identified thermogenic natural gas with liquid potential at its Kavango West 1X Sidetrack (KW1X) discovery well in northeastern Namibia. Flow-test samples from the Huttenberg and Elandshoek formations indicated gas with maturity ranging from the late oil to early gas window. The results support the presence of a potentially liquids-rich petroleum system, although further testing is required to

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International Corporate News Gas

TotalEnergies Delays Venus FID Timeline as Azerbaijan Gas Project Gets Approval

TotalEnergies Gives No New FID Date for Namibia’s 750-Million-Barrel Venus Oil Project TotalEnergies has given no new timeline for the final investment decision (FID) on its Venus oil development offshore Namibia, despite continuing to identify the country as an important part of its long-term oil and gas portfolio. The French energy major had previously targeted an FID for Venus in 2026, but its latest strategy update did not provide a revised date. The company said

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International Gas News Oil

Namibia’s Oil and Gas Sector Attracts N$74.4 Billion in Foreign Investment

Namibia Oil and Gas Sector Attracts N$74.4 Billion FDI as Bank of Namibia Urges First-Oil Readiness Namibia’s oil and gas sector attracted about N$74.4 billion in foreign direct investment between 2021 and 2025, accounting for roughly 56% of the country’s total FDI inflows, according to the Bank of Namibia (BoN). The figures were presented by BoN Director of Research and Financial Sector Development Dr Emma Haiyambo at the central bank’s 27th Annual Symposium as part

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