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Author: Makungu Coco

Corporate News Diamonds International

De Beers Launches Third Enterprise Development Cohort to Boost South Africa’s Diamond Beneficiation

De Beers Group, in collaboration with business incubator Raizcorp, has launched the third intake of its Enterprise Development Project for Diamond Beneficiators, a flagship initiative aimed at empowering entrepreneurs in South Africa’s diamond industry. In a media statement, De Beers reaffirmed its commitment to fostering growth, transformation, and inclusivity within the local diamond beneficiation sector. A Strategic Investment in Local EntrepreneursFirst introduced in 2016, the three-year programme supports entrepreneurs across the diamond value chain—from rough

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Corporate News Exploration Oil

ReconAfrica Expands Into Angola Through Strategic Oil Exploration Deal

ReconAfrica has signed a Memorandum of Understanding (MOU) with Angola’s National Oil, Gas and Biofuels Agency (ANPG) to jointly explore the Etosha-Okavango Basin in southeastern Angola. The agreement marks a significant expansion of ReconAfrica’s exploration footprint in the Damara Fold Belt and Rift Basin, adding 5.2 million acres in Angola to its existing 6.3 million acres in Namibia. This low-cost entry into Angola’s onshore sector comes with minimal work obligations and aligns with the company’s

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Corporate News International Oil

TotalEnergies Begins Public Consultations for Venus Oil Project in Namibia

TotalEnergies has launched a series of public consultations in Namibia as part of the environmental and social impact assessment (ESIA) for its proposed offshore Venus oil project. Consultations will be held this week in Windhoek, with sessions scheduled for April 22 at the Franco-Namibian Cultural Centre and April 23 at the United Nations Plaza. The Venus project, located offshore Namibia, is expected to produce approximately 150,000 barrels of oil per day in its first phase.

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Oil Gas International

Tanzania to Launch First Oil and Gas Licensing Round in Over a Decade

Tanzania will launch its first oil and gas licensing round in more than ten years in May 2025, with a formal event planned in the United Kingdom, according to the Petroleum Upstream Regulatory Authority (PURA). The bidding round will offer 26 exploration blocks, located in Lake Tanganyika and the Indian Ocean, as part of Tanzania’s renewed efforts to tap into its hydrocarbon potential and attract foreign investment. PURA Director General Charles Sangwenj confirmed that data

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Corporate News Exploration International Oil

Chevron and Others Exit Egypt’s Red Sea Blocks After Exploration Disappointments

Several multinational oil and gas companies, including Chevron, have withdrawn from Egypt’s Red Sea concession blocks following unsuccessful exploration efforts, according to the Egyptian Ministry of Petroleum. In 2019, Egypt awarded exploration licenses in the Red Sea to Chevron, Shell, and Abu Dhabi’s Mubadala Investment Company through an international bidding round aimed at positioning the country as a regional energy hub. “These companies invested millions of dollars within the agreed timelines,” said Moataz Atef, ministry

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Corporate News Gas International

BP Exports First LNG Cargo from Greater Tortue Ahmeyim Project

BP has successfully exported its first liquefied natural gas (LNG) cargo from the Greater Tortue Ahmeyim (GTA) Phase 1 project, located offshore Mauritania and Senegal. This shipment marks BP’s third major upstream project to begin operations in 2025 and aligns with the company’s strategy to launch 10 new upstream projects by 2027. “This milestone adds a new source of energy to the global market,” said Gordon Birrell, BP’s EVP of Production & Operations. “Launching LNG

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International News Oil

Kuwait’s IPG Wins $50 Million Oil Infrastructure Contracts in Sudan and Mozambique

Kuwait’s Independent Petroleum Group (IPG) has secured two major oil infrastructure contracts in Sudan and Mozambique, with a combined value of approximately $50 million. In a statement to the stock exchange, IPG confirmed that the Port Sudan project, located along the Red Sea, involves the construction of oil storage tanks valued at nearly $30 million. The second contract, awarded in Matola, near Maputo, Mozambique’s capital, focuses on the construction of liquefied petroleum gas (LPG) tanks.

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Oil Expos & Events Gas News

Libya Courts Global Investors with 22 Oil and Gas Blocks at Istanbul Forum

Libya hosted a high-level promotional forum in Istanbul to attract international investors to its latest bid round for oil and gas exploration and production. The event showcased 22 blocks—11 onshore and 11 offshore—covering a vast area of 235,267 km². The Istanbul roadshow follows similar investor engagement events held earlier in Houston and London, after the official launch of the bid round on March 3. Libya is offering the blocks under improved Production Sharing Agreements (PSAs),

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International Gas News

Mozambique and South Korea Partner to Expand Vehicular Gas Use

A delegation of South Korean experts met with the Mozambican government on Monday, October 14, in Maputo for a seminar focused on promoting the widespread use of vehicular natural gas. The initiative comes at a critical time, as Mozambique faces ongoing challenges with liquid fuel imports. Opening the seminar, South Korean Ambassador Bok-won Kang expressed his country’s pride in supporting Mozambique’s efforts to adopt cleaner and more sustainable energy solutions. He noted that South Korean

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Oil Corporate News International Petroleum

DRC Grants Oil Rights to Sonahydroc in Shift Toward State-Led Energy Strategy

At its April 11 Council of Ministers meeting, the Democratic Republic of Congo (DRC) approved a draft decree granting petroleum rights directly to the state-owned Société Nationale des Hydrocarbures du Congo (Sonahydroc). This decree establishes the legal and fiscal framework for the transfer, aligning with the country’s oil and gas law enacted on August 1, 2015. The move signals a renewed push by the DRC to revitalize oil exploration and increase domestic production, aiming to

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