Angolan Mining Oil & Gas - Page 62 of 390 - Top Angolan News for Oil, Gas and Mining Industries

U.S. Crude Oil Exports to Nigeria Surpass Imports for First Time Amid Refinery Shifts

28, July, 202528, July, 2025

U.S. Exports More Crude Oil to Nigeria Than It Imports for the First Time in 2024 For the first time in history, the United States exported more crude oil to Nigeria than it imported during February and March 2024, according to data from the U.S. Energy Information Administration (EIA). This reversal in trade flows was largely driven by reduced demand on the U.S. East Coast due to scheduled refinery maintenance and increased demand from Nigeria’s

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International News Oil Petroleum

Nigeria Leads Effort to Establish West African Fuel Pricing Benchmark

28, July, 202528, July, 2025

Nigeria Partners with S&P to Launch West Africa’s First Regional Fuel Pricing Benchmark West Africa is taking a major step toward energy market independence with the development of a regional pricing benchmark for refined petroleum products. Historically, the region has relied on global reference markets that often fail to reflect its unique supply chain dynamics. In a move to address this gap, Nigeria has partnered with S&P Global Commodity Insights to create localized pricing indices

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Corporate News International Oil

Tullow Oil Exits Kenya in $120 Million Deal with Auron Energy

28, July, 202528, July, 2025

Tullow Oil Sells Kenya Assets to Auron Energy for $120M in Strategic West Africa Shift Tullow Oil has reached a definitive agreement to sell its entire stake in Kenya to Auron Energy E&P, an affiliate of Gulf Energy Ltd, in a deal valued at a minimum of $120 million in cash. This transaction marks Tullow’s complete exit from Kenya, where it previously held 463 million barrels of 2C contingent oil resources in the South Lokichar

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Oil Infrastructure International

Cameroon Begins Construction of Second Oil Refinery to Boost Energy Independence

28, July, 202528, July, 2025

Cameroon Launches New Oil Refinery and Petroleum Depot in Kribi to Reduce Fuel Imports Cameroon has officially launched the construction of a new oil refinery and petroleum storage depot in its southern region, marking a major step toward enhancing energy independence. The announcement was made by the state-owned National Hydrocarbons Corporation (SNH). The project is being developed within the Kribi industrial port zone, a strategic location selected for its infrastructure and proximity to maritime transport.

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International Gas News Oil

Libya and Algeria Deepen Energy Ties with Four Strategic Oil and Gas Agreements

28, July, 202528, July, 2025

Libya’s NOC and Algeria’s Sonatrach Sign Four Key MoUs to Expand Energy Cooperation in Exploration, Services, and Training Libya’s National Oil Corporation (NOC) has signed four memorandums of understanding (MoUs) with Algeria’s state-owned oil company Sonatrach, strengthening bilateral cooperation across key areas of the energy sector. The agreements were signed at Sonatrach’s headquarters in Algiers and aim to enhance collaboration in operations, oilfield services, training, and knowledge exchange. The first MoU was signed between the

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Corporate News Local Oil Petroleum

TotalEnergies Increases Angola’s Oil Production with Begonia and CLOV Phase III Projects

28, July, 202528, July, 2025

TotalEnergies Adds 60,000 Barrels Per Day to Angola’s Oil Production with New Offshore Projects TotalEnergies SE has expanded its oil production capacity in Angola by 60,000 barrels per day (bpd) with the launch of the Begonia and CLOV Phase III offshore projects. The Begonia project, located 150 kilometers off the Angolan coast, contributes 30,000 bpd from five subsea wells connected to the Pazflor FPSO (Floating Production, Storage, and Offloading) vessel. Notably, Begonia marks Angola’s first

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Corporate News Diamonds International

Botswana Seeks Control of De Beers Amid Anglo American’s Exit

27, July, 202527, July, 2025

Botswana Aims for Majority Stake in De Beers as Anglo American Plans Divestment Botswana is positioning itself to take a controlling stake in De Beers, as Anglo American prepares to divest from the global diamond giant, according to a report by the Financial Times. Mining Minister Bogolo Kenewendo told the Financial Times that President Duma Boko is “resolute in his quest” to increase Botswana’s share in De Beers. The government aims to gain full control

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Corporate News Diamonds International

Gem Diamonds Scales Back Letšeng Mine Operations Amid Market Downturn

27, July, 202527, July, 2025

Gem Diamonds Cuts Costs and Operations at Letšeng Mine After Share Price Plunge Gem Diamonds, listed on the London Stock Exchange, saw its share price plummet by over 22% on July 23 following the announcement of significant operational cutbacks at its flagship Letšeng mine in Lesotho. The move comes in response to continued weakness in global diamond prices, a soft US dollar, and uncertainty surrounding US tariffs. In a statement to shareholders, the company said,

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International Corporate News Oil

Woodside Energy Posts Strong Q2 Revenue on Sangomar Boost, Despite Hydrogen and Decommissioning Write-Downs

27, July, 202527, July, 2025

Woodside Energy Beats Q2 Revenue Forecast on Sangomar Output, Exits Hydrogen Project with $140M Loss Australia’s Woodside Energy delivered an 8% rise in second-quarter revenue, beating market expectations on the back of strong production from Senegal’s Sangomar project. However, the company also reported significant write-downs tied to a failed hydrogen venture and rising decommissioning costs at aging offshore assets. The country’s largest gas producer generated $3.28 billion in revenue for the three months ending June

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Local Corporate News Oil

Dangote Refinery Turns to Angola’s Fleet Amid Nigeria’s Maritime Capacity Challenges

27, July, 202527, July, 2025

Dangote Refinery has begun relying on Angola’s shipping fleet for the transportation of its crude oil and refined products. Speaking at the 2025 Maritime Law Seminar in Lagos, Ladi Olubowale, President of the African Shipowners Association in Nigeria, revealed that Dangote’s decision stems from the lack of suitably sized vessels owned by Nigerian ship operators. Olubowale, a retired ship captain, explained that Nigerian shipowners currently do not possess vessels with the capacity to handle Dangote’s

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