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Corporate News Diamonds International

Petra Diamonds Appoints Questco for Strategic Review

Petra Diamonds Appoints Questco as Company Considers Asset Sales Amid Liquidity Pressure London-listed Petra Diamonds has appointed South African corporate advisory firm Questco Corporate Advisory to manage a strategic review as the diamond producer explores options to address its near-term liquidity needs. The appointment follows Petra’s decision last week to undertake a strategic review after consultations with key stakeholders, including its first- and second-lien creditors. The review will consider all potential options available to the

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Local Corporate News Oil

Omani Oilfield Services Firm DSOG Targets Angola Expansion with Sonangol Pact

Oman’s DSOG Signs Sonangol Pact to Expand Oilfield Services into Angola Omani oilfield services company Desert Sand Oil & Gas (DSOG) has signed a memorandum of understanding (MoU) with Angola’s national oil company Sonangol to explore cooperation in oilfield services and technologies, opening a potential route into Angola’s upstream services market. The agreement was signed by Khalid bin Sultan Al Junaibi, Group CEO of DSOG’s parent company, Al Daham Holding Group, during Oman’s Sultan Haitham

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International Corporate News Oil

Dangote to Proceed with Kenya Refinery Groundbreaking Despite Court Order

Dangote to Proceed with US$16 Billion Kenya Refinery Groundbreaking Despite Land Court Order Dangote Group said a Kenyan court order over a land dispute would not stop the planned groundbreaking of its US$15–16 billion oil refinery in Lamu, although some activities at the site could be affected. The planned refinery, with a capacity of 700,000 barrels per day, is scheduled to begin construction following a groundbreaking ceremony on Wednesday, September 30, attended by Dangote Group

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Corporate News Gas International

ReconAfrica Identifies Liquid-Potential Gas at Namibia’s Kavango Well

ReconAfrica Finds Thermogenic Gas with Liquid Potential at Kavango West Well in Namibia Reconnaissance Energy Africa (ReconAfrica) has identified thermogenic natural gas with liquid potential at its Kavango West 1X Sidetrack (KW1X) discovery well in northeastern Namibia. Flow-test samples from the Huttenberg and Elandshoek formations indicated gas with maturity ranging from the late oil to early gas window. The results support the presence of a potentially liquids-rich petroleum system, although further testing is required to

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International Corporate News Gas

TotalEnergies Delays Venus FID Timeline as Azerbaijan Gas Project Gets Approval

TotalEnergies Gives No New FID Date for Namibia’s 750-Million-Barrel Venus Oil Project TotalEnergies has given no new timeline for the final investment decision (FID) on its Venus oil development offshore Namibia, despite continuing to identify the country as an important part of its long-term oil and gas portfolio. The French energy major had previously targeted an FID for Venus in 2026, but its latest strategy update did not provide a revised date. The company said

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Corporate News International Oil

Petrobras Signs Eight Offshore Exploration Contracts in Côte d’Ivoire

Petrobras to Invest CFA250B in Côte d’Ivoire’s Deepwater Oil Exploration Programme Brazilian oil major Petrobras has signed eight production-sharing contracts with Côte d’Ivoire for offshore exploration blocks covering about 34,000 sq km in the country’s sedimentary basin. The agreements cover blocks CI-513, CI-600, CI-601, CI-602, CI-603, CI-605, CI-701 and CI-702. Petrobras, through its wholly owned subsidiary Petrobras Netherlands B.V., will operate the blocks with a 90% interest, while state-owned PETROCI Holding will hold the remaining

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Corporate News Local Oil

Eni Plans Up to US$2.3 Billion Investment in Angola in 2027

Eni to Invest US$2.3B in Angola as Azule Energy Expands Oil and Gas Development Eni plans to invest between US$2.2 billion and US$2.3 billion in Angola in 2027 as the Italian energy major and its Azule Energy joint venture advance new developments and extend production from mature oilfields. The planned spending will cover exploration, new field developments and brownfield activities aimed at sustaining and increasing production from Angola’s established offshore assets. Eni operates in Angola

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Corporate News International Oil Petroleum

Dangote Refinery IPO Attracts N1.5 Trillion in First Hour

Dangote Refinery IPO Draws N1.5 Trillion in Early Demand as Africa’s Largest Share Sale Opens Investors committed about N1.5 trillion to the initial public offering (IPO) of Nigeria’s Dangote Petroleum Refinery within the first hour of the share sale opening, highlighting strong early demand for Africa’s largest refinery. The IPO opened on September 14 on the Nigerian Exchange (NGX), with Dangote offering 4.1 billion ordinary shares at N525 each. The offer is targeting approximately N2.15

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International Corporate News Oil

Petrobras Secures Eight Offshore Exploration Blocks in Côte d’Ivoire

Petrobras to Invest Over CFA250B in Côte d’Ivoire’s Ultra-Deepwater Oil Exploration Programme Brazilian state-owned oil company Petrobras has signed production-sharing contracts (PSCs) for eight offshore exploration blocks in Côte d’Ivoire, expanding its presence along Africa’s Atlantic margin. The agreements, signed in Abidjan on September 17, cover blocks CI-513, CI-600, CI-601, CI-602, CI-603, CI-605, CI-701 and CI-702. Petrobras, through its wholly owned subsidiary Petrobras Netherlands B.V., will operate the eight blocks with a 90% interest, while

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International Corporate News Gas Oil

TotalEnergies Secures US$1.8 Billion Deal for African Oil and Gas Infrastructure

GIP to Inject US$1.8B Into TotalEnergies’ African Oil and Gas Infrastructure Portfolio TotalEnergies has entered into a partnership with Global Infrastructure Partners (GIP), part of BlackRock, covering some of the French energy company’s oil and gas infrastructure assets in Africa. Under the agreement, GIP will provide a US$1.8 billion capital contribution to TotalEnergies. In return, TotalEnergies will pay GIP a throughput-based tariff linked to the volumes transported through the infrastructure for a period of up

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