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Category: Corporate News

Corporate News Local Oil

Lobito Refinery Construction Confirmed as Strategic Priority for Sonangol

Lobito Refinery Set to Begin Production in 2027 as Sonangol Prioritizes Strategic Energy Infrastructure The construction of the Lobito refinery is a top priority for Sonangol, according to the Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo. The minister made the statement during a meeting with the Governor of Benguela, Manuel Nunes Júnior, where progress on the project was reviewed. Speaking at the meeting, Diamantino Azevedo reiterated the strategic importance of the refinery, emphasizing

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Corporate News Local Oil

Sonangol Faces Structural Decline and Urgent Need for Privatization and Management Reform

CEDESA Warns of Sonangol’s Structural Decline, Urges 45% Privatization and Governance Overhaul A recent analysis by the Center for Studies of Economic and Social Development of Angola (CEDESA) warns that Sonangol, Angola’s state-owned oil company, is in structural decline and requires comprehensive reforms, including the privatization of 45 percent of its capital and the removal of political party members from management positions. The report, authored by Rui Verde, states that Sonangol’s challenges cannot be explained

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Corporate News International Oil

Azule Energy Appoints Joe Murphy as CEO Amid Namibia Expansion

Azule Energy Names Joe Murphy CEO as Company Advances Oil Exploration in Namibia Azule Energy has appointed Joe Murphy as its new Chief Executive Officer, effective 1 December 2025. The company highlighted that Murphy brings over 20 years of global energy experience, having held senior leadership roles across BP’s major ventures and contributing to the creation of Azule Energy. Announcing the appointment, Azule noted that Murphy’s experience spans operations in the Gulf of Mexico, the

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International Corporate News Oil

Namibian Suppliers Advised to Specialise as TotalEnergies Prepares Venus Oilfield Development

TotalEnergies Urges Namibian Suppliers to Focus on Specialised Skills for Oil and Gas Opportunities TotalEnergies EP Namibia has urged local companies seeking oil and gas opportunities to concentrate on specialised skills rather than offering broad, unfocused services. Speaking at a supplier engagement session, Veronica Mungonena, Lead Contracts and Procurement Engineer for Local Content at TotalEnergies, emphasised that companies often approach the operator asking for guidance on what they should do, instead of refining and promoting

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Oil Corporate News International

Dangote Group Eyes N$2.6 Billion Petroleum Tank Farm Investment in Namibia

Dangote Group to Invest US$140 Million in Walvis Bay Tank Farm, Boosting Namibia’s Energy Sector The Dangote Group is planning a major investment in Namibia, estimated at approximately N$2.6 billion (US$140 million), for the development of a petroleum tank farm at the Port of Walvis Bay. Negotiations with the Namibian government are ongoing to finalize the project’s scope. Ambassador Dr. Kaire Mbuende, Director General of Namibia’s National Planning Commission (NPC), told Namibia Mining & Energy

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Corporate News International News Oil

Dangote Refutes Claims of U.S. Opposition to Nigeria’s Largest Oil Refinery

Dangote Dismisses Claims Trump Opposes Dangote Refinery, Confirms Strong U.S. Crude Supply Ties Aliko Dangote, President of the Dangote Refinery, has dismissed reports circulating on social media suggesting that United States President Donald Trump is displeased with the establishment of Africa’s largest oil refinery in Nigeria. Speaking with journalists, Dangote described the claims as baseless and inconsistent with existing commercial relationships, emphasizing that the United States remains a major supplier of crude oil to the

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Corporate News Diamonds International

De Beers CEO of Tracr, Wesley Tucker, to Step Down After Leading Major Digital Transformation

De Beers Announces Leadership Change as Tracr CEO Wesley Tucker Exits in February 2026 De Beers Group has announced that Wesley Tucker will step down as chief executive officer of Tracr—its blockchain-based diamond traceability platform—at the end of February 2026. Tucker joined the company in April 2021 as head of digital transformation before taking over leadership of Tracr. During his tenure, Tucker played a central role in evolving Tracr from a pilot program into the

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Diamonds Corporate News International

Lucara Awards Key Lateral Development Contract for Botswana’s Karowe Underground Project

Lucara Diamond Corp Selects Group R for Major Lateral Development Works at Karowe Underground Mine in Botswana Canada-headquartered Lucara Diamond Corporation has awarded the lateral development contract for its Karowe Underground Project (UGP) in Botswana to Group R Mining and Exploration Botswana. The contract covers all underground lateral development linking the production and ventilation shafts to the orebody. This includes construction of the extraction level, underground crushing chamber, fine ore bins, pump stations with vertical

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Corporate News Diamonds International

Petra Diamonds Confirms New Leadership Team and Board Restructuring After 2025 AGM

Petra Diamonds Appoints Permanent Joint CEOs and Strengthens Board Following Annual Meeting London-listed Petra Diamonds has announced a refreshed leadership structure and several board changes following its Annual General Meeting held on November 27. The company confirmed the appointment of Vivek Gadodia and Juan Kemp as permanent joint CEOs, solidifying the roles they have held in an interim capacity since February. Under the new structure, Gadodia will continue to lead Petra’s corporate functions, while Kemp

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Corporate News International Oil

TotalEnergies Partners with Chevron Through 40% Stake Sale in Nigerian Offshore Blocks

TotalEnergies to Sell 40% Stake in Nigerian Offshore Licenses to Chevron Subsidiary TotalEnergies has announced plans to divest a 40 percent interest in its Nigerian offshore exploration licenses, entering a new strategic partnership with a subsidiary of Chevron. The company confirmed it has signed an agreement to transfer the stake in two license areas covering approximately 2,000 square kilometers in the West Delta basin to Star Deep Water Petroleum Limited. The deal remains subject to

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