Angolan Mining Oil & Gas - Page 7 of 389 - Top Angolan News for Oil, Gas and Mining Industries

Oando Posts Profit Growth on Strong Upstream Performance Despite Revenue Dip

2, February, 20262, February, 2026

Oando PLC Records 10% Rise in Profit to ₦241.3bn as Upstream Oil and Gas Production Jumps in 2025 Oando PLC has reported a 10 per cent increase in profit after tax to ₦241.3 billion for the year ended 31 December 2025, driven by robust growth in upstream oil and gas production, despite a decline in overall revenue. In its unaudited full-year results, the indigenous energy company recorded a 32 per cent year-on-year increase in upstream

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Local Transport and Logistics

Lobito Atlantic Railway Records New Operational Milestones at End of 2025 and Early 2026

30, January, 202630, January, 2026

Lobito Atlantic Railway Sets Traffic and Port Handling Records, Strengthening Lobito Corridor At the end of 2025 and the beginning of 2026, Lobito Atlantic Railway (LAR) achieved significant operational milestones, reinforcing the Lobito Corridor’s position as a strategic logistics platform for regional and international trade. In December 2025, LAR recorded its highest monthly throughput to date, handling 37,000 tonnes of cargo across both domestic and international traffic. Building on this momentum, January 2026 marked another

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International Gas Oil

Mozambique Signals Imminent Restart of ExxonMobil’s $30 Billion Rovuma LNG Project

30, January, 202630, January, 2026

Mozambique President Says ExxonMobil Likely to Restart $30 Billion Rovuma LNG Project Within 18 Months Mozambique’s President, Daniel Chapo, has indicated that ExxonMobil is expected to restart its $30 billion Rovuma LNG project within the next 12 to 18 months, signalling renewed momentum for large-scale gas development in the country. Chapo made the announcement on Thursday in Cabo Delgado during a ceremony marking the official relaunch of TotalEnergies’ LNG project in the region. He said

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Corporate News International Oil

Mozambique and TotalEnergies Officially Resume $20 Billion LNG Project After Security Pause

30, January, 202630, January, 2026

Mozambique Restarts TotalEnergies’ $20 Billion LNG Project, Marking Major Milestone for African Gas Mozambique and TotalEnergies have formally restarted the French energy major’s $20 billion liquefied natural gas (LNG) project, nearly five years after operations were suspended following security incidents in the country’s northern Cabo Delgado province. In a statement released on Thursday, the office of President Daniel Chapo confirmed that the restart was officially marked at the Afungi project site on Mozambique’s northern coast,

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Renewable Energy International News

Zambia to Avoid Prolonged Load-Shedding as Solar Investments Boost Power Supply

30, January, 202630, January, 2026

Zambia Will Not Return to Extended Load-Shedding, Says Energy Minister as Solar Projects Expand Minister of Energy Makozo Chikote, MP, has assured Zambians that the country will not return to prolonged periods of load-shedding, citing sustained investments in alternative energy sources that are easing electricity supply challenges. Mr Chikote said the diversification of Zambia’s energy mix particularly through solar power is strengthening national energy security and improving resilience to climate-related shocks that have constrained hydropower

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International Economy Gold

Tanzania to Monetise Part of Gold Reserves to Fund Infrastructure

29, January, 202629, January, 2026

Tanzania Plans Partial Sale of Gold Reserves as Foreign Aid Declines in 2026 Tanzania is planning to sell a portion of its gold reserves to finance priority infrastructure projects, as international development assistance continues to decline. The announcement was made on Monday, January 26, 2026, in London by the Minister of State for Planning and Investment, Kitila Mkumbo, following instructions from President Samia Suluhu Hassan to the Bank of Tanzania. “Governments are no longer willing

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International Economy Oil

DRC Oil Tax Reform Delivers Sharp Revenue Gains and Strengthens Public Finances

29, January, 202629, January, 2026

DRC Oil Tax Reform Boosts Petroleum Revenues by Over 1,700%, Easing Pressure on Public Finances The Democratic Republic of Congo’s reform of oil-related tax expenditures is beginning to deliver measurable benefits for public finances, with official data showing petroleum revenues rising by more than 1,700% following the introduction of coordinated fiscal and regulatory measures. The reform was launched against a backdrop of rapidly rising oil tax expenditures, which reached US$1.6 billion in 2022 before easing

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International News Oil

Awodi-07 Discovery Boosts Nigeria’s Oil Sector Amid Refinery Expansion

29, January, 202629, January, 2026

Nigeria Confirms Awodi-07 Oil Discovery as Dangote Refinery Strengthens Domestic Energy Supply Nigeria’s oil sector has received a fresh boost following the Nigerian National Petroleum Company (NNPC) Limited’s confirmation of a new discovery at the Awodi-07 appraisal and exploration well in the western Niger Delta. The well, drilled by Chevron Nigeria Limited (CNL) under its joint venture with NNPC Ltd, is located in shallow offshore acreage and has confirmed hydrocarbons across multiple reservoir zones, reinforcing

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International Gas Transport and Logistics

Morocco to Launch Nador West Med Port as Second Major Mediterranean Deepwater Hub

29, January, 202629, January, 2026

Morocco Set to Open Nador West Med Port in Q4, Expanding Mediterranean Trade and Energy Capacity Morocco is preparing to bring its second Mediterranean deepwater port, Nador West Med, into operation in the fourth quarter of this year, marking a major step in expanding the country’s maritime and logistics capacity. The new port is designed to build on the global success of Tanger Med, which is currently the largest port in both the Mediterranean region

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Local Corporate News Energy Oil

Afreximbank Secures US$1.75bn Syndicated Facility to Support Sonangol and Angola’s Oil Exports

29, January, 202629, January, 2026

Afreximbank Secures US$1.75bn Syndicated Facility to Support Sonangol and Angola’s Oil Exports The African Export-Import Bank (Afreximbank) has successfully closed a US$1.75 billion syndicated receivables purchase facility for Sonangol, Angola’s national oil company, in a transaction expected to significantly strengthen the country’s energy sector and export capacity. The facility, arranged in collaboration with other mandated lead arrangers, will support Sonangol’s operating and capital expenditure requirements. It also advances Afreximbank’s mandate to promote African-led financing solutions

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