Angolan Mining Oil & Gas

Nigeria’s Oil Exports to Asia at Risk as South Korea Boosts $100 Billion US Energy Imports Nigeria’s crude oil exports to Asia face renewed pressure after South Korea signed a $100 billion agreement to purchase US energy over the next four years, strengthening competition in one of Africa’s most critical markets. The deal, concluded during President Lee Jae-myung’s state visit to Washington, cements Seoul’s role as the largest Asian buyer of US crude. South Korea

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Republic of Congo Plans to Boost Oil Production to 500,000 BPD by 2030 The Republic of Congo has announced plans to increase national oil production to 500,000 barrels per day (bpd) by 2030 to meet growing domestic demand. Bruno Jean-Richard Itoua, Minister of Hydrocarbons, reported that cumulative oil production from January 1 to July 31 reached 56,945,552 barrels, averaging 268,000 bpd over 212 days—a 5.2% increase compared with the same period in 2024. The Minister

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Nigeria Launches Licensing Round for 220+ Oil Blocks to Boost Energy Production The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is set to award more than 220 oil blocks in its upcoming licensing round, aiming to attract fresh investment and accelerate exploration across the country. The allocation includes 59 unlicensed offshore deepwater blocks, 41 in the Benue Trough, 40 in the Chad Basin, 28 in the Sokoto Basin, 16 in the Bida Basin, 13 in the

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