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Angola Restructures Eurobond Debt with $750 Million Buyback and New Long-Term Issuance

8, June, 20268, June, 2026

Angola Launches $750M Eurobond Buyback and Issues New Bonds to Extend Debt Maturities to 2031–2037 Angola has announced the results of its tender offer for its 2028 and 2029 Eurobonds, confirming plans to repurchase part of its outstanding debt while issuing new longer-dated bonds to ease near-term fiscal pressures. Under the transaction, the government will pay bondholders approximately $750 million to buy back portions of its external debt. The Southern African oil producer had invited

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International Corporate News Oil

ExxonMobil Targets Major Gas Output from Owowo and Bosi Offshore Developments in Nigeria

8, June, 20268, June, 2026

ExxonMobil Plans Up to 100 MMcf/d Gas Production from Owowo Field as Offshore Projects Near Investment Decision ExxonMobil expects to produce significant volumes of natural gas from its planned development of the Owowo and Bosi offshore fields in Nigeria, both of which are still progressing toward final investment sanction. According to Jagir Baxi, Lead Country Manager of ExxonMobil Nigeria and its affiliates, the Owowo development includes plans for a dedicated gas pipeline as part of

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Local Gas Oil

TGS Secures Major 4D Seismic Survey Contract Offshore Angola

8, June, 20268, June, 2026

TGS Wins Offshore Angola 4D Seismic Contract, Extending Ramform Vessel Operations to 2027 TGS has secured a significant 4D seismic acquisition contract offshore Angola, reinforcing its presence in Africa’s offshore energy sector and ensuring continued utilisation of one of its Ramform vessels through early 2027. The project is scheduled to commence in July 2026 and will run for approximately eight months. TGS will deploy its Ramform vessel equipped with GeoStreamer technology to acquire high-resolution marine

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Corporate News Gas International Oil

Petralon Energy Expands Dawes Island Output with Successful Start-Up of DI-3 Well

8, June, 20268, June, 2026

Petralon Energy Adds 2,800 BOPD from DI-3, Boosting Dawes Island Production to 4,800 BOPD in Niger Delta Petralon Energy has commenced production from DI-3, its second consecutive development well on the Dawes Island field in the eastern onshore Niger Delta Basin, marking another milestone in its ongoing drilling campaign. The DI-3 well was brought onstream on March 14, 2026, adding approximately 2,800 barrels of oil per day (BOPD) to production. With the new well online,

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International Corporate News Oil

Dangote Refinery Surpasses Nameplate Capacity, Targets 1.4 Million Barrels Per Day Expansion

8, June, 20268, June, 2026

Dangote Refinery Boosts Processing Capacity to 700,000 BPD, Plans Expansion to 1.4 Million BPD by 2028 Dangote Petroleum Refinery and Petrochemicals has increased its crude oil processing capacity to 700,000 barrels per day (bpd), surpassing its installed nameplate capacity of 650,000 bpd and marking a significant operational milestone for Africa’s largest refinery. The achievement follows a performance assessment conducted by the refinery’s process licensors, confirming the facility’s ability to process higher volumes of crude oil

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International Corporate News Oil

Eni Secures Offshore Exploration Licence in The Gambia

8, June, 20268, June, 2026

Eni Enters The Gambia’s Oil and Gas Sector with Offshore Block A1 Exploration Licence Italian energy major Eni has officially entered The Gambia’s upstream oil and gas sector after signing a Petroleum Exploration, Development and Production Licence Agreement with the Gambian government for the offshore Block A1 concession. The agreement was signed by The Gambia’s Minister of Energy and Petroleum, Nani Juwara, granting Eni the rights to explore the deepwater Block A1, which covers approximately

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Local Corporate News Oil

Sonangol Expands Shipping Fleet with New Suezmax Tanker to Strengthen Angola’s Oil Trade

8, June, 20268, June, 2026

Sonangol Builds New Suezmax Tanker to Boost Angola’s Crude Oil Exports and Regional Energy Trade Angola’s national oil company, Sonangol, has begun construction of a new Suezmax crude oil tanker capable of transporting up to one million barrels of oil, marking a significant step in the country’s strategy to strengthen its control over crude transportation and expand its reach in regional and global energy markets. The vessel, currently being built by South Korea’s Hyundai Samho

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Corporate News Diamonds International

GIA Acquires 30% Stake in Tracr to Advance Diamond Traceability and Provenance

8, June, 20268, June, 2026

GIA Acquires 30% Stake in Tracr, Strengthening Blockchain-Based Diamond Provenance and Traceability The Gemological Institute of America (GIA) has signed a definitive agreement to acquire a 30% shareholding in Tracr, the blockchain-powered diamond provenance platform originally developed by De Beers Group. The investment marks a major milestone in Tracr’s transition toward becoming an independent, industry-wide platform and reflects growing confidence in its ability to enhance transparency, traceability, and provenance across the global natural diamond value

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Corporate News Diamonds International Mining Personality

Akinwumi Adesina Appointed Chair of Botswana’s Diamonds for Development Fund

8, June, 20268, June, 2026

Former AfDB President Akinwumi Adesina Named Chair of Botswana’s Diamonds for Development Fund The Botswana government and De Beers have appointed former African Development Bank (AfDB) President Dr Akinwumi Adesina as Chairperson of the Diamonds for Development Fund, a joint initiative aimed at accelerating the country’s economic diversification and long-term development. Adesina, who served as President of the AfDB from 2015 to 2025, brings extensive experience in development finance and economic transformation. During his tenure,

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International Corporate News Oil

Trafigura Posts Record Half-Year Profit Amid Oil Market Volatility Driven by Iran Conflict

8, June, 20268, June, 2026

Trafigura Net Profit Surges to $4.1bn as Iran Conflict Disrupts Global Oil Markets and Boosts Trading Gains Trafigura reported a sharp rise in net profit for the first half of its 2026 financial year, providing an early indication of how major commodity trading houses are benefiting from heightened volatility in global energy markets linked to the Iran conflict. The results also position the firm as a stronger challenger to rival Vitol in the race to

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