Angolan Mining Oil & Gas

Libya’s National Oil Corporation (NOC) has announced that energy giants BP and Shell have signed new agreements to evaluate hydrocarbon exploration and development opportunities across three key Libyan oilfields. The move signals a cautious but significant return of major foreign investment in Libya’s oil sector, which has faced years of instability and production disruptions due to armed conflicts and political rivalries over oil revenues. As a result, frequent shutdowns have plagued the operations of Africa’s

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Northern Ocean Ltd has signed a N$740 million drilling contract with Rhino Resources Namibia (Pty) Ltd to deploy its semi-submersible rig, Deepsea Mira, for exploration in Namibia’s Orange Basin. The contract, covering approximately 112 firm days, includes drilling the Volans-1X exploration well and is scheduled to begin in mid-July 2025. The agreement provides for one confirmed well with Rhino and another for a second, unnamed operator, with options for up to three additional wells. The

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The Dangote Refinery, Africa’s largest oil processing facility, will transition to using only Nigerian crude by the end of 2025, according to Devakumar Edwin, Vice President of Dangote Industries. The $20 billion refinery—owned by Aliko Dangote, Africa’s richest man—currently processes 650,000 barrels of oil per day. In June 2025, the facility sourced approximately 53% of its crude from Nigerian producers, with the remainder imported from countries such as the United States, Brazil, Angola, Ghana, and

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