Angolan Mining Oil & Gas

ReconAfrica secures N$254 million to advance Kavango West 1X oil and gas testing in Namibia Reconnaissance Energy Africa (ReconAfrica) has secured N$254 million in funding to advance testing at its Kavango West 1X (KW1X) well in Namibia, following the identification of hydrocarbons at the exploration well. The funding will support the company’s ongoing production testing programme, which is designed to assess the reservoir’s performance, determine the type and quality of hydrocarbons present and establish the

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TotalEnergies takes 40% operatorship of Namibia’s Mopane oil discovery with 2028 investment decision targeted TotalEnergies has completed a transaction with Galp that gives it operatorship of the Mopane oil discovery offshore Namibia, strengthening its position in the country’s Orange Basin. Under the agreement, TotalEnergies acquired a 40% operated interest in Petroleum Exploration Licence 83 (PEL83), which contains the Mopane discovery. Galp also retains a 40% interest, while state-owned Namcor and Custos each hold 10%. In

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Dangote Refinery posts US$1.82bn H1 2026 profit as jet fuel exports to Europe reach 80,000 bpd Nigeria’s Dangote Refinery recorded a US$1.82 billion net profit in the first half of 2026, supported by increased fuel exports to Europe as disruptions to Middle Eastern supplies tightened global markets. The refinery generated more than US$13 billion in revenue during the six months, marking a sharp turnaround from the US$476 million loss recorded in 2025. The 650,000-barrel-per-day facility

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