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Category: Corporate News

Corporate News International Oil

Dangote Refinery Sources Crude from Ghana for First Time Amid Diversification Push

Dangote Refinery Expands Feedstock Strategy, Sources Crude from Ghana as Output Nears Full Capacity Nigeria’s Dangote Refinery has, for the first time, sourced crude oil from Ghana, reflecting its ongoing diversification strategy as the $20 billion project works to stabilize output and address speculation about technical setbacks. Since production began, Dangote Refinery has imported crude from Nigeria, Brazil, Angola, Ghana, and Equatorial Guinea, according to Devakumar Edwin, Executive Director at Dangote Industries. Energy intelligence firm

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Corporate News Gold International Mergers & Acquisitions

Harmony Gold Expands Internationally with $1.08 Billion Acquisition of MAC Copper

Harmony Gold Acquires Australia’s MAC Copper Mine for $1.08 Billion to Boost Global Copper Portfolio South Africa’s Harmony Gold has taken a major step in its international expansion strategy with the proposed $1.08 billion (R19 billion) acquisition of Australia’s MAC Copper. The transaction, first announced in May 2025, moved closer to completion after MAC Copper shareholders overwhelmingly approved the deal. Headquartered in Randfontein, Harmony Gold is South Africa’s largest gold producer by volume, operating a

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Corporate News International Oil Petroleum

Dangote Refinery Boosts Exports Amid Middle East Refinery Downtime

Dangote Oil Refinery Increases Exports to Middle East as Regional Refinery Shutdowns Create Market Opportunities Africa’s largest oil refinery, the Dangote Oil Refinery in Lekki, has seen a substantial rise in the volume of refined products exported in recent months, particularly to markets in the Middle East. A report by Punch newspaper highlighted that the surge is largely due to downtime at other regional refineries, creating a supply gap that the $20 billion Lekki-based refinery

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Corporate News Local Oil

Angola’s Cabinda Refinery Set to Cut Fuel Imports and Boost Domestic Production by 2025

Angola’s Cabinda Oil Refinery to Begin Fuel Production by 2025, Reducing Reliance on Imports Angola’s long-awaited Cabinda oil refinery, the first new refinery built since the country gained independence nearly five decades ago, is expected to start producing fuel before the end of 2025, Oil and Gas Minister Diamantino Azevedo announced Monday. The 30,000-barrel-per-day (bpd) facility will be Angola’s second refinery and aims to reduce the country’s dependence on costly fuel imports, especially as the

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Corporate News International Oil

Chevron Supports Two-Year Emergency Food Program to Combat Malnutrition in Namibia

Chevron Backs Namibia’s Emergency Food Support Program to Aid Vulnerable Communities Harmattan Energy Ltd. (“Chevron”) has pledged support for a two-year Emergency Food Support Programme in Namibia aimed at addressing acute food insecurity and malnutrition. Developed by Palms for Life in partnership with local organizations and the Office of the Vice President, the program will run from September 2025 to September 2027 across eight regions. It will provide daily nutritious meals to 3,150 highly vulnerable

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Corporate News Diamonds International

Alrosa Launches AI Technology to Accelerate Diamond Discovery

Alrosa Introduces AI System to Revolutionize Diamond Exploration in Challenging Terrains Alrosa has introduced a cutting-edge artificial intelligence (AI) system aimed at accelerating the discovery of diamond deposits in complex geological environments. The new technology is designed to enhance the accuracy of identifying promising exploration sites while significantly reducing search time and costs. The company estimates that the system could save hundreds of millions of rubles per project. Diamond exploration has slowed in recent decades,

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Corporate News International Oil

Oregen Energy Expands Namibia Footprint with Orange Basin Acquisition

Oregen Energy Boosts Stake in Namibia’s Orange Basin with Strategic Acquisition and Financing Oregen Energy Corp. has expanded its position in Namibia’s offshore Orange Basin by acquiring an additional 36% equity interest in WestOil Limited, which holds a 70% operating stake in Block 2712A (PEL 107). The transaction, completed through Oregen’s purchase of Oranam Energy Limited, increases Oregen’s ownership in WestOil to 48.5%, giving the company a 33.95% net working interest in Block 2712A. Under

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Corporate News Diamonds Local

National Diamond Company Showcases Sustainability and Social Impact at Expo Catoca

Angola’s National Diamond Company Highlights Sustainability and Social Responsibility at Expo Catoca The National Diamond Company of Angola is participating in the inaugural edition of Expo Catoca, presenting an exhibition that highlights its diverse areas of operation, with a strong focus on environmental sustainability and social responsibility. The event, which concludes on Thursday, July 28, has impressed participants and coincides with the 30th anniversary of Sociedade Mineira de Catoca. During the opening ceremony, Diamantino Azevedo,

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Corporate News Gas International

Shell Nears Acquisition of Egypt’s Offshore Rahmat Gas Field

Shell is close to finalizing a deal to acquire development rights for Egypt’s offshore Rahmat natural gas field. The deepwater field is estimated to hold 1.3 trillion cubic feet of natural gas and 80 million barrels of condensate, according to data from the Pharaonic Petroleum Company, a joint venture between BP and the Egyptian government, Asharq Business reported. BP previously controlled the concession but relinquished it two years ago after missing the development deadline. Shell

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Corporate News International Oil

Petrobras Set to Return to Nigeria as Bilateral Ties Strengthen

Petrobras to Reenter Nigeria Amid Strengthened Brazil-Nigeria Energy Cooperation Brazil’s state-run oil company Petrobras, which exited Nigeria five years ago, is expected to resume operations soon, Nigerian President Bola Tinubu announced. He made the statement during a joint press conference with Brazilian President Luiz Inácio Lula da Silva, held during Lula’s two-day visit to Nigeria aimed at bolstering bilateral relations. Petrobras first entered Nigeria in 1998, operating in the deep waters of the Niger Delta.

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