Botswana Rejects Links to U.S.-Targeted Oil Tanker Amid Rising Global Flag Fraud Concerns
Botswana Denies Connection to Oil Tanker Hit by U.S. as Fake Ship Registrations Raise Alarm Botswana has distanced itself from an oil tanker targeted by the United States in the Persian Gulf, saying the vessel was falsely operating under its flag a case that highlights the growing global problem of maritime flag fraud and its impact on African nations. The controversy emerged after U.S. Central Command (CENTCOM) announced military action against the “Botswana-flagged” oil tanker
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De Beers Study Reveals Rising Demand for Natural Diamonds Driven by Gen Z and Personal Milestones
US Diamond Demand Shifts as Gen Z Fuels Growth in Natural Diamond Purchases, De Beers Reports Diamond producer De Beers has released new findings on US consumer behaviour in its latest US Diamond Acquisition Study, revealing that jewellery featuring natural diamonds remains the most desirable luxury choice among American consumers. The study, based on a survey of 18,500 women across the United States the world’s largest diamond market provides detailed insights into purchasing trends, motivations,
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Seplat Energy Names Tony Elumelu Chairman-Elect and Effiong Okon CEO in Major Leadership Transition
Seplat Energy Appoints Tony Elumelu as Chairman-Elect and Effiong Okon as CEO Amid Leadership Restructuring Seplat Energy has announced a major leadership transition, appointing billionaire investor Tony Elumelu as its incoming Chairman effective January 2027, while naming Engr. Effiong Okon as its new Chief Executive Officer from 1 August 2026. The company disclosed the appointments in a filing with the Nigerian Exchange Limited (NGX), signed by Company Secretary Edith Onwuchekwa. Elumelu will succeed current Chairman
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African Energy Bank Set for September 2026 Launch in Abuja as Funding Nears Completion
African Energy Bank to Begin Operations in Abuja in September 2026 as APPO Confirms Funding Progress and Energy Financing Push The African Energy Bank (AEB) is expected to begin operations in September 2026 in Abuja, Nigeria, according to the African Petroleum Producers’ Organisation (APPO), following several earlier delays in its launch timeline. APPO Secretary General Farid Ghezali said the revised schedule reflects unavoidable administrative processes, noting that the bank is now firmly targeting a September
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QatarEnergy Reports New Oil Discovery at Merlin-1X Offshore Namibia
QatarEnergy Announces Promising Merlin-1X Oil Discovery Offshore Namibia in Orange Basin Exploration Program QatarEnergy has announced a new oil discovery with encouraging results from the Merlin-1X exploration well, drilled in Petroleum Exploration License 39 (PEL 0039) offshore Namibia. Merlin-1X is the tenth well drilled within the license area and has delivered the most promising subsurface results to date. The well encountered high-quality reservoir formations containing light oil, along with limited associated natural gas. His Excellency
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Zimbabwe Signs First Petroleum Production Sharing Agreement for Cabora Bassa Basin Development
Zimbabwe Enters Oil and Gas Era with First Production Sharing Deal for Invictus Energy’s Cabora Bassa Basin Project Zimbabwe has signed its first-ever petroleum production sharing agreement with Invictus Energy for the Cabora Bassa Basin, marking a major milestone in the country’s upstream oil and gas sector. The agreement covers development rights linked to the Mukuyu gas discovery and represents Zimbabwe’s initial formal step into production sharing arrangements for hydrocarbons exploration and development. The Cabora
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