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Dangote Refinery Reinstates Naira Petrol Sales After Dollar Pricing Shift

29, July, 202629, July, 2026

Dangote Refinery Restores Naira Petrol Sales at N1,215 per Litre After Dollar Pricing Dangote Petroleum Refinery has reversed its decision to sell Premium Motor Spirit (PMS), commonly known as petrol, in US dollars, restoring naira-denominated sales at its loading gantry in Nigeria. The refinery has set its new ex-depot price at N1,215 per litre, an increase of N140, or 13%, from the previous price of N1,075 per litre. The move follows a week of uncertainty

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International Corporate News Gas Oil

Eni and Petronas Begin Development of $11.8bn Indonesia Gas Project

29, July, 202629, July, 2026

Eni and Petronas Start $11.8bn North Hub Gas Project in Indonesia Searah, the joint venture between Italy’s Eni and Malaysia’s Petronas, has started developing a floating gas processing facility for its $11.8-billion North Hub project in Indonesia. The company held a first steel-cutting ceremony on Thursday to mark the start of construction of a Floating Production, Storage and Offloading (FPSO) vessel that will process gas from 16 wells at the Geng North and Gehem fields.

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Corporate News Diamonds International

Petra Diamonds Revenue Falls to $38 Million as Finsch Mine Rescue Process Continues

29, July, 202629, July, 2026

Petra Diamonds Revenue Drops to $38 Million as Debt Rises and Finsch Mine Remains Suspended London-listed Petra Diamonds reported a sharp decline in fourth-quarter revenue as financial pressure and operational challenges continued across the business. Revenue for the fourth quarter of the 2026 financial year fell to $38 million from $68 million in the third quarter, while consolidated net debt increased to $322 million as at June 30, from $298 million at March 31. The

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Corporate News Diamonds International

Gem Diamonds’ Letšeng Mine Delivers 33% Increase in First-Half Sales Value

29, July, 202629, July, 2026

Gem Diamonds’ Letšeng Mine Boosts First-Half Sales Value 33% to $59.5 Million Despite Lower Output London-listed Gem Diamonds recorded a 33% year-on-year increase in diamond sales value to $59.5 million in the first half of the year, despite a decline in recovered carats. The company recovered 41,695 carats during the six months to June 30, representing a 12% decrease compared with the same period last year. Diamond sales volumes also declined by 4% year on

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International News Oil

Nigeria Advances Oil and Gas Licensing Round as 143 Companies Compete for 50 Blocks

27, July, 202627, July, 2026

NUPRC Moves Nigeria Oil Licensing Round to Commercial Stage with 143 Companies Bidding for 50 Blocks The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has advanced its oil and gas licensing round to the commercial bidding stage, with 143 companies competing for 50 petroleum blocks across Nigeria’s established and frontier hydrocarbon basins. The invitation-only commercial bid conference marks a major milestone in the licensing process, which aims to attract new investment into Nigeria’s upstream sector and

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Energy Corporate News International Oil

Sintana Energy Confirms Third Light Oil Discovery at Namibia’s Mopane Complex

27, July, 202627, July, 2026

Sintana Energy’s Mopane-2X Well Strengthens Namibia’s Offshore Oil Potential Sintana Energy has successfully completed drilling operations at the Mopane-2X well in Namibia’s PEL 83 offshore block, confirming the presence of high-quality light oil and further strengthening the exploration potential of the Mopane complex. The discovery adds to growing evidence that PEL 83 is emerging as one of Namibia’s most promising hydrocarbon regions, with results expected to support future development opportunities and Sintana Energy’s long-term growth

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International Gas Oil

DRC Exploits Only 4.5% of Hydrocarbon Potential Despite Vast Oil and Gas Reserves

26, July, 202626, July, 2026

DRC’s 22 Billion-Barrel Oil Potential Remains Largely Untapped as Government Pushes Hydrocarbon Development The Democratic Republic of Congo (DRC) is currently exploiting only a small fraction of its vast hydrocarbon potential, despite estimated reserves of 22 billion barrels of oil and 66 billion cubic metres of gas across its major sedimentary basins. According to Joseph Twite Maloba, President of the Professional Committee of Petroleum Companies of the Federation of Enterprises of Congo (FEC South) and

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International Gas Oil

Afreximbank Backs Algeria’s Hassi Bir Rekaiz Expansion with $200 Million Financing

24, July, 202624, July, 2026

Afreximbank Approves $200 Million to Support Algeria’s Major Hassi Bir Rekaiz Oil and Gas Development The African Export-Import Bank (Afreximbank) has approved a $200 million financing package to support Shoreline Power Company Limited and Italy’s Arkad SpA in the development of the Hassi Bir Rekaiz (HBR) Phase 2a oil and gas project in Algeria, one of the country’s largest upstream energy developments. The financing will enable Arkad to execute its 44% share of the $980

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International Energy Oil

Gulf Pipeline Expansion Creates New Opportunities for Africa’s Energy Export Strategy

24, July, 202624, July, 2026

Gulf States Advance Seven Pipeline Projects to Bypass Strait of Hormuz, Reshaping Africa’s Energy Trade Gulf countries are accelerating the development of seven major oil and gas pipeline projects designed to bypass the Strait of Hormuz, a strategic maritime chokepoint through which nearly one-fifth of the world’s oil supply passes. The investments aim to strengthen energy security, reduce export risks and ensure uninterrupted access to international markets. The projects, led by Saudi Arabia, the United

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Diamonds Corporate News International

De Beers Reports Strong Production Growth Despite Challenging Diamond Market

23, July, 202623, July, 2026

De Beers Rough Diamond Output Rises 88% as Botswana Operations Drive Production Recovery Global diamond producer De Beers has reported a significant increase in rough diamond production, with output rising 88% year-on-year to 7.8 million carats in the second quarter of 2026. The increase lifted the company’s first-half production to 14.91 million carats, representing a 46% rise compared with the same period last year. De Beers attributed the growth mainly to the recovery of production

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