Sintana Energy Advances Major Oil Discovery Offshore Namibia

Sintana Energy’s Namibia Oil Discovery Strengthens Orange Basin Potential Sintana Energy is advancing its position in Namibia’s rapidly emerging offshore oil province following major resource growth at the Mopane discovery in the Orange Basin. The company holds an indirect interest in Petroleum Exploration Licence 83 (PEL 83), where the Mopane discoveries were made in 2023 and 2024. The project is operated by Galp Energia. In March 2026, Galp upgraded Mopane’s gross 3C contingent resources by

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Roc Oil Confirms Commercial Oil Discovery Offshore Egypt

Roc Oil Confirms Commercial Discovery at East Yidma-1 Offshore Egypt Roc Oil has confirmed a commercial oil discovery at the East Yidma-1 exploration well in Egypt’s offshore Gulf of Suez, strengthening the company’s exploration position in one of the country’s established hydrocarbon regions. The well was drilled to a total depth of 3,150 metres and encountered 34 metres of net oil pay across the Matulla and Nubia formations. Roc Oil said the results met pre-drill

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MSC Launches Afungi Shuttle to Strengthen Logistics for Mozambique LNG Project

MSC Launches Afungi Shuttle Linking Nacala and Maputo to Mozambique LNG Project Mediterranean Shipping Company (MSC) has launched the Afungi Shuttle, a new maritime service designed to strengthen logistics connectivity for the TotalEnergies-led Mozambique LNG project and support growing economic activity in northern Mozambique. The new service connects Afungi, the site of the Mozambique LNG development in Cabo Delgado province, with dedicated feeder connections through the ports of Nacala and Maputo. The service is expected

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Mozambique LNG Project Reaches 45% Completion as TotalEnergies Accelerates Construction

Mozambique LNG Project Hits 45% Completion as TotalEnergies Targets First Gas in 2029 The TotalEnergies-led Mozambique LNG project has reached 45% completion as construction activity gathers pace in Cabo Delgado, marking further progress on one of Africa’s largest liquefied natural gas developments. TotalEnergies Chairman and CEO Patrick Pouyanné said the project has continued to advance following the full resumption of construction activities earlier this year, with the company and its partners increasing the workforce supporting

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Botswana Regains Duty-Free Access to U.S. Market as Temporary Tariffs Expire

Botswana Diamond Exports Return to 0% U.S. Tariff as Section 122 Duties Expire Botswana’s exports to the United States, including its globally renowned natural diamonds, have regained duty-free access following the expiry of temporary U.S. tariffs on 24 July 2026. The expiration of the Section 122 tariffs under the U.S. Trade Act of 1974 means Botswana-origin products now face a 0% tariff while continuing to benefit from preferential market access under the African Growth and

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Anglo American Denies Favouring Buyer as De Beers Sale Talks Continue

Anglo American Says No Preferred Bidder as De Beers Sale Could Fetch $1 Billion Anglo American has denied favouring any particular buyer for its diamond business, De Beers, as the mining group continues to explore options for the struggling unit. Anglo American CEO Duncan Wanblad said on Thursday that the company was “not exclusive with any consortium”, rejecting reports that it was favouring a consortium led by former De Beers CEO Gareth Penny. The comments

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African Diamond Producers Struggle to Recover as Market Pressures Persist

African Diamond Miners Face Continued Market Pressure in First Half of 2026 Africa’s diamond industry continued to face challenging market conditions in the first half of 2026, with major producers in Botswana, South Africa, Namibia and Lesotho struggling to achieve a sustained recovery in natural diamond demand. Financial results released during the period point to continued pressure across the industry, driven by weaker prices, economic uncertainty and growing competition from laboratory-grown diamonds. In South Africa,

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Angola Records Strong Increase in Oil Revenue in Second Quarter

Angola’s Oil Revenue Jumps 54.71% in Second Quarter as Higher Prices Boost Earnings Angola recorded a significant increase in revenue from crude oil sales during the second quarter of 2026, supported by stronger international oil prices and improved export earnings. The increase comes as the oil sector continues to play a central role in Angola’s economy and public finances, despite ongoing efforts by the government to diversify economic activity and reduce dependence on hydrocarbons. The

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Botswana’s Diamond Legacy Shines With Discovery of 1,300-Carat Gem

Botswana Highlights Diamond Leadership After Lucara Recovers 1,300-Carat Stone Botswana has reaffirmed its position as one of the world’s leading diamond-producing nations following the recovery of an extraordinary 1,300-carat diamond by Lucara Botswana. President of Botswana highlighted the discovery as a major milestone for the country’s diamond industry after the stone was presented by Lucara Botswana. The diamond is among the largest ever recovered by the company and ranks as the sixth-largest diamond ever discovered

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Galp Signals Potential Return to Angola as Oil Opportunities Re-emerge

Galp Considers Return to Angola’s Oil Sector as Company Assesses New Exploration Opportunities Portuguese energy company Galp has signalled that it could return to Angola’s oil sector, potentially marking a renewed interest in one of Africa’s most established hydrocarbon markets. Galp Chief Executive Officer João Diogo Marques da Silva said the possibility of returning to Angola exists, while confirming that the company is assessing opportunities in the country. The company’s previous experience in the Angolan

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