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

Letšeng Diamond Mine Reports 36% Revenue Drop in 2025

8, February, 20268, February, 2026

Letšeng Mine in Lesotho Sees Sharp Revenue Decline Amid Global Diamond Market Challenges The Letšeng diamond mine in Lesotho, known for producing some of the world’s highest-value diamonds per carat, experienced a significant revenue decline in 2025. Gem Diamonds, the mine’s owner, reported on February 4, 2026, that Letšeng generated $97.7 million, down 36% from $152.8 million in 2024. The drop is attributed to a 14% fall in production and a 20% decrease in the

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Transport and Logistics Local News

World Bank Leads High-Level Coordination on Lobito Corridor in Angola

8, February, 20268, February, 2026

World Bank Boosts Regional Cooperation for Lobito Corridor to Drive Trade and Growth World Bank Managing Director of Operations, Anna Bjerde, is in Angola from February 4–6, 2026, for the first high-level coordination meeting focused on the Lobito Corridor. The meeting brings together finance, transport, and trade ministers from Angola, the Democratic Republic of Congo (DRC), and Zambia to strengthen regional collaboration on this strategic infrastructure linking southern and central Africa to international markets. The

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Local Economy Oil

Angola Oil Production Forecast to Rise 6.5% to 1.14 Million Barrels Per Day in 2026

3, February, 20263, February, 2026

Angola’s Oil Production Set to Rebound in 2026 Despite Ongoing Economic Dependence The consulting firm Oxford Economics forecasts that Angola’s oil production will increase to 1.14 million barrels per day in 2026, representing a 6.5 percent rise compared to the average daily output of 1.07 million barrels recorded in 2025. According to a commentary on December oil production, the projected growth will be driven by the commissioning of new projects in the third quarter of

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Local Economy News Oil

Angola’s Crude Oil Output Slips Below Target in December 2025

3, February, 20263, February, 2026

Angola Produces 31.9 Million Barrels of Crude Oil in December 2025, ANPG Reports Angola produced 31,863,172 barrels of crude oil in December 2025, equivalent to an average daily output of 1,027,844 barrels, according to the monthly production summary released by the National Agency of Petroleum, Gas and Biofuels (ANPG). The agency noted that average daily crude production fell short of the monthly target of 1,080,238 barrels per day. Total production of crude oil and associated

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Local Economy News Oil

Angola Records Strong Oil Exports in 2025 Despite Falling Prices

3, February, 20263, February, 2026

Angola Exports 357 Million Barrels of Oil in 2025, Generating $24 Billion in Revenue Angola exported 93.94 million barrels of oil in the fourth quarter of 2025, reinforcing its status as a strategic global supplier. For the full year, total oil exports reached 357.10 million barrels, generating approximately $24 billion in revenue, according to the Ministry of Mineral Resources, Petroleum and Gas. The data was presented by the Secretary of State for Oil and Gas,

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Oil Economy Local News

Angola Plans Increased Oil Exploration to Reverse Production Decline

2, February, 20262, February, 2026

Angola to Boost Oil Exploration to Maintain Production Above One Million Barrels Per Day Angola’s Secretary of State for Oil and Gas, José Barroso, has confirmed that the country plans to increase investment in oil exploration to halt the decline in production and sustain output above one million barrels per day. Speaking on the sidelines of the Angola Oil & Gas conference launch, Barroso emphasised that the government’s priority is reversing the downward trend in

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Oil Expos & Events Gas

Angola Oil & Gas Conference Set to Spotlight Investment and Long-Term Energy Growth

2, February, 20262, February, 2026

Angola Oil & Gas 2026: Luanda Conference to Attract 3,000 Delegates and $70bn in Upstream Investment Focus The Angola Oil & Gas (AOG) Conference and Exhibition, scheduled for 9–10 September in Luanda, is expected to bring together around 3,000 participants, 150 speakers, and more than 600 companies under the theme “Investing in Angola’s Future.” Organised by Energy Capital & Power, the event was officially launched on Tuesday evening and is positioned as a strategic platform

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Corporate News International Oil

TotalEnergies Resumes Mozambique LNG Project After Years of Disruption

2, February, 20262, February, 2026

TotalEnergies Restarts $20bn Mozambique LNG Project After Five-Year Shutdown Caused by Insurgency TotalEnergies has resumed construction of its flagship Mozambique LNG project in the country’s northern Cabo Delgado province, ending a five-year suspension triggered by a deadly jihadist attack that killed hundreds of people. The Mozambique LNG project, widely regarded as Africa’s largest private-sector energy investment, is expected to generate thousands of jobs and transform Mozambique into a major global exporter of liquefied natural gas.

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Corporate News International Oil

Shell Weighs Major Offshore Investment as Confidence Returns to Nigeria

2, February, 20262, February, 2026

Shell Considers $20bn Investment in Nigeria’s Bonga South West Offshore Oil Project Shell Plc and its partners in Nigeria are evaluating plans to develop a major offshore oil field that could attract up to $20 billion in investment, according to the company’s Chief Executive Officer, Wael Sawan. Sawan said Shell is working with its partners on the Bonga South West project, a deepwater offshore development that could draw approximately $20 billion in foreign direct investment

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Corporate News International Oil

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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