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Category: Corporate News

International Corporate News Oil

Namibia Advances Review of Venus Oil Project, Eyeing Major Revenue Boost

Namibia Reviews TotalEnergies’ Venus Oil Project Plan, Potentially Generating N$229 Billion in Revenue The Namibian government has begun reviewing the field development plan (FDP) submitted by TotalEnergies for the proposed Venus oil project, moving the initiative closer to negotiations and a final investment decision. Prime Minister Elijah Ngurare stated that the upstream petroleum unit within the Office of the President has made significant progress on technical and policy matters, including an initial assessment of the

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Corporate News Diamonds International

Petra Diamonds Reports Higher Quarterly Revenue as Cullinan Blue Diamond Sale Boosts Performance

Petra Diamonds Sells 781,797 Carats in Q3 2026, Books Revenue from Rare Cullinan Blue Diamond Despite Ongoing Market Weakness Petra Diamonds, the London-listed diamond producer, sold 781,797 carats during the quarter ended March 31, the third quarter of its 2026 financial year. Quarterly revenue rose to $68 million, up from $49 million in the previous quarter. However, the average price declined to $87 per carat, an 11% drop from $98 per carat, reflecting a 15%

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Mergers & Acquisitions Corporate News Local Oil

ETU Energias Expands Offshore Portfolio with Major Block 14 Acquisition in Angola

Angola’s ETU Energias Boosts Stake in Block 14 Offshore, Strengthening Production and Revenue Base ETU Energias, Angola’s largest private oil company, has acquired a 20% stake in Block 14 and a 10% stake in Block 14K, both located in the Lower Congo Basin, from Azule Energy, the companies announced last week. The transaction was formalized through a Purchase and Sale Agreement (SPA). In a statement, ETU Energias described the acquisition as “a strategic step in

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Corporate News Diamonds International

Lucara Secures $350 Million Bond Financing to Complete Karowe Underground Expansion

Lucara Diamond Raises $350m in Senior Secured Bonds to Fund Karowe Underground Project Completion in Botswana Canada-headquartered Lucara Diamond Corp has successfully closed a $350 million senior secured bond issuance, providing the financial certainty required to advance its Karowe Underground Project in Botswana through to completion. The five-year bonds carry a fixed annual coupon rate of 12.5%, with interest payments scheduled on a quarterly basis. Proceeds from the financing have been used to fully repay

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Corporate News International Oil

Chevron’s Wheatstone LNG Plant Hit by Cyclone Damage, Production Trains Remain Offline

Chevron Reports Extensive Cyclone Damage at Wheatstone LNG Facility in Australia, Full Production Delayed for Weeks Chevron Corporation said on Tuesday that downstream infrastructure at its Wheatstone LNG Plant in Western Australia sustained significant damage following a tropical cyclone, leaving both production trains temporarily offline. Danny Woodall confirmed that the two liquefied natural gas (LNG) processing trains at the 8.9-million-tonne-per-year facility remain shut after Tropical Cyclone Narelle struck the region last week. Speaking at the

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Diamonds Corporate News Mining Personality

Jillian Wolk Appointed CEO of De Beers’ Diamond Traceability Platform Tracr

De Beers Names Jillian Wolk as CEO of Tracr to Lead Next Phase of Diamond Traceability and Transparency Jillian Wolk has been appointed Chief Executive Officer of Tracr, the diamond traceability subsidiary of De Beers Group, effective May 1. She succeeds Wesley Tucker, who stepped down at the end of February after leading the business through its formative and scaling stages. Wolk brings extensive leadership experience across the jewellery, luxury and technology sectors. Most recently,

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Corporate News International Oil

Afreximbank Backs Dangote Refinery with $2.5 Billion Loan to Strengthen Africa’s Industrial Capacity

Afreximbank Underwrites $2.5bn for Dangote Refinery in $4bn Deal to Boost Africa’s Energy Security and Industrial Growth The African Export-Import Bank has underwritten US$2.5 billion of a US$4 billion senior syndicated term loan for Dangote Petroleum Refinery and Petrochemicals, a move expected to reinforce Africa’s largest refining complex and accelerate the continent’s industrial development agenda. The five-year financing facility, arranged in partnership with Access Bank, is designed to consolidate existing debt, optimise the refinery’s capital

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Corporate News Diamonds International

Rio Tinto Concludes 20+ Years of Production at Diavik Diamond Mine

Rio Tinto Ends Production at Diavik Diamond Mine in Canada After Producing 150 Million Carats Rio Tinto has officially marked the end of production at its Diavik diamond mine in Canada’s Northwest Territories, concluding more than two decades of operations that yielded over 150 million carats of rough diamonds. Located approximately 220 km south of the Arctic Circle beneath Lac de Gras, Diavik was discovered in 1991 and began production in 2003. The operation, comprising

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Corporate News International Oil

Dangote Refinery Exports 456,000 Tonnes of Refined Fuel to African Markets

Dangote Petroleum Refinery Strengthens Africa’s Energy Security with 456,000 Tonnes of Fuel Exports Dangote Petroleum Refinery has exported 456,000 tonnes of refined petroleum products to five African countries, marking a major milestone in regional energy supply. The company shipped 12 cargoes of fuel to Côte d’Ivoire, Cameroon, Tanzania, Ghana, and Togo. These exports followed the refinery reaching its full production capacity of 650,000 barrels per day in February. Products were sold on a Free on

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Corporate News International Oil

Reconnaissance Energy Africa Begins Kavango West Testing and Advances Gabon Seismic Program

ReconAfrica Initiates Production Testing in Namibia and Expands Offshore Exploration in Gabon Reconnaissance Energy Africa Ltd has commenced production testing at its Kavango West 1X discovery well in Namibia while advancing seismic activities and appraisal planning on the offshore Ngulu block in Gabon as part of its 2026 work program. The company confirmed that it has received all necessary regulatory approvals to begin testing at Kavango West, with field teams already on site preparing the

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