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Author: Makungu Coco

Local News Oil

Angola Reinforces Measures to Curb Fuel Smuggling and Promote Sustainable Resource Management

Angola Intensifies Actions Against Fuel Smuggling as Government Targets Sustainable Resource Development The Angolan Government continues to prioritize the fight against fuel smuggling, implementing a range of measures designed to discourage this persistent practice. The assurance was given by the Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, who reaffirmed the Executive’s commitment to curbing the illegal flow of fuel across borders. According to the minister, fuel smuggling is largely driven by significant price

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Corporate News International Oil

TotalEnergies Boosts Stake in Nigeria’s OPL 257 to 90% in Major Offshore Expansion Deal

TotalEnergies Increases Ownership in Nigeria’s OPL 257 as Offshore Strategy Advances TotalEnergies has signed new agreements with Conoil to acquire an additional 50% interest in the OPL 257 exploration block, raising its total stake to 90%. The move strengthens the company’s strategic position in Nigeria’s offshore oil sector and supports its goal of achieving cost-efficient production growth by utilising existing offshore infrastructure. OPL 257 lies approximately 150 kilometres off Nigeria’s coast and borders PPL 261,

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International News Oil

Uganda’s $4 Billion Oil Refinery Project Gains Momentum with New Investment Deals

Uganda Secures New Investors to Advance $4 Billion Oil Refinery Project Uganda’s ambitious $4 billion oil refinery project is accelerating after the government signed new agreements that brought additional foreign investors on board. The development signals growing international confidence in Uganda’s emerging energy sector. The latest contracts are designed to advance construction plans and strengthen the refinery’s capacity to process domestically produced crude oil. Petroleum Minister Ruth Nankabirwa said the renewed investor support reinforces the

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Oil International News

Libya Advances Major Oilfield Bidding Round to Revive Energy Sector

Libya Nears Completion of First Oilfield Bidding Round in 17 Years to Attract Global Investment Libya is nearing the completion of a landmark bidding round for oilfield exploration, signalling a renewed push to attract foreign investment and revitalise its energy sector. The state-owned National Oil Corporation (NOC) confirmed that companies are expected to submit their offers in February. This marks Libya’s first bidding round in more than 17 years and includes 22 exploration and development

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Energy Expos & Events International

Africa Urged to Mobilise Pension Funds to Drive Energy and Infrastructure Growth

African Pension Funds Urged to Drive Energy Infrastructure Growth at G20 Africa Energy Investment Forum The G20 Africa Energy Investment Forum, hosted by the African Energy Chamber (AEC), underscored the critical role African pension funds can play in closing the continent’s energy and infrastructure investment gap. Speaking at the forum, NJ Ayuk, Executive Chairman of the AEC, urged African nations to mobilise domestic capital to meet rapidly growing energy demands.“Millions of Africans still lack access

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Local Mining Projects News

Pensana Targets 1 Billion Tonnes at Angola’s Longonjo Rare Earth Project

Pensana Launches $11M Drilling Program to Expand Longonjo Rare Earths Resource Critical minerals company Pensana Rare Earths is preparing an $11-million drilling and metallurgical programme aimed at increasing the Joint Ore Reserve Committee (JORC)-compliant resource estimate at its Longonjo project in Angola to over one billion tonnes, potentially making it one of the world’s largest rare earths deposits. The programme, set to begin in early 2026, will include 25,000 metres of vertical core drilling to

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International News Oil Petroleum

Ghana Launches $12 Billion Oil Refinery as Part of $60 Billion Petroleum Hub

Ghana Breaks Ground on $12B Oil Refinery, Paving Way for West Africa Petroleum Hub Ghana has officially launched its $12 billion oil refinery project in Jomoro, marking the first phase of a larger $60 billion integrated Petroleum Hub. The megaproject is designed to complement Senegal’s New Oil Refinery Project, positioning West Africa as a major petroleum hub on the continent. The initiative includes constructing a 300,000-barrel-per-day refinery, a petrochemical plant, and extensive storage and port

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Diamonds Corporate News International

De Beers Launches ORIGIN Diamond Range Across North America

De Beers Debuts Traceable ORIGIN Diamonds in US and Canadian Stores De Beers Group has launched its new branded polished diamond collection, ORIGIN, in retail stores across North America, marking the first time this provenance-focused range is available directly to consumers. The launch strengthens De Beers’ strategy to enhance confidence in natural diamonds through traceability and digital storytelling, enabled by Tracr, the group’s blockchain platform. Each ORIGIN diamond can be traced from discovery, with provenance

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International Energy News

FutureCoal CEO Calls for Balanced, Pragmatic Approach to Australia’s Energy Debate

FutureCoal Urges Australia to Focus on Innovation and Reliability in National Energy Policy FutureCoal Chief Executive Michelle Manook has called on Australia to restore balance, honesty, and engineering-based reasoning to the national energy debate, warning that ideological positions are overshadowing practical solutions. Speaking at the National Press Club of Australia on 18 November, with her address released publicly the following day, Manook stressed that the Paris Agreement does not mandate a phaseout of fossil fuels.

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Corporate News International Oil

TotalEnergies Denies Involvement in Alleged LNG Site Civilian Killings in Mozambique

TotalEnergies Rejects War Crimes Allegations Amid Mozambique LNG Project Restart TotalEnergies CEO Patrick Pouyanne has strongly rejected accusations that the French energy company bears responsibility for the alleged killing of civilians at its liquefied natural gas (LNG) project site in Mozambique four years ago. The European Center for Constitutional and Human Rights (ECCHR) stated Tuesday that the company “is accused of having directly financed and materially supported” a Mozambican armed unit that allegedly detained, tortured,

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