Angolan Mining Oil & Gas

ReconAfrica Initiates Production Testing in Namibia and Expands Offshore Exploration in Gabon Reconnaissance Energy Africa Ltd has commenced production testing at its Kavango West 1X discovery well in Namibia while advancing seismic activities and appraisal planning on the offshore Ngulu block in Gabon as part of its 2026 work program. The company confirmed that it has received all necessary regulatory approvals to begin testing at Kavango West, with field teams already on site preparing the

Read More Here

Aliko Dangote Says Rising Oil Prices from Middle East Conflict Risk Inflation, Debt Pressure, and Slower Growth in Africa Africa’s richest businessman, Aliko Dangote, has warned that escalating tensions in the Middle East could trigger a new wave of inflation and economic strain across African economies, as rising oil prices ripple through countries already burdened by high debt levels and fragile currencies. Speaking after a Sallah visit to Nigerian President Bola Tinubu in Lagos, Dangote

Read More Here

Chevron CEO Says Strait of Hormuz Disruptions and Iran Conflict Could Prolong Global Oil Market Tightness The Chief Executive Officer of Chevron, Mike Wirth, said he remains uncertain about how quickly oil production in the Middle East will recover following supply disruptions linked to the ongoing conflict involving the United States, Israel, and Iran. Speaking on Monday at the annual CERAWeek conference in Houston, Wirth warned that restoring shut-in production capacity will be a gradual

Read More Here