AGP Executive Report
Last update: 11 hours agoAngolan Energy & Gas: Sonangol reported strong results from the Katambi-2 appraisal well offshore Angola and said it has also completed flow tests on its first non-associated gas reservoir, adding momentum to the country’s upstream push. Offshore Oil & Services: Afentra wrapped its first operated offshore campaign on Angola’s Block 3/24, inspecting multiple subsea wellheads and saying the work supported technical evaluation toward a possible FID. Rare Earths Supply Chain: Pensana attended a US Presidential briefing on rare earths supply; its Longonjo project in Angola is about 25% complete, with first mixed rare earth carbonate production targeted for 2028. Mining & Investment: Newfoundland Discovery Corp. agreed to acquire Orenoxe Holdings to expand the Ganda gold–rare earth concession in Benguela Province, Angola, with an exploitation licence application already filed. Regional Industry & Logistics: Namibia’s rail freight push (Walvis Bay–Karibib) highlights how Southern Africa is trying to shift cargo from roads to rail—an angle Angola exporters will watch closely.
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