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Category: Corporate News

Corporate News Local Mining Projects

Pensana Secures £2-Million Investment Boost as Longonjo Mine Construction Advances

London-listed Pensana has secured a fresh £2-million in funding, with £1-million coming from major institutional shareholder M&G Investment Management, and an additional £1-million from other strategic investors. This new investment follows a recent $25-million injection by the Angolan sovereign wealth fund, Fundo Soberano de Angola, into Ozango Minerais, Pensana’s 84%-owned subsidiary. The funding has enabled the commencement of main construction works at the Longonjo rare earths project in Angola. Pensana holds an 84% interest in

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Corporate News International Oil

Eni, Vitol, and GNPC Begin New Drilling Phase to Sustain Production Offshore Ghana

Italian oil major Eni, global energy trading firm Vitol, and Ghana’s state-owned Ghana National Petroleum Corporation (GNPC) have launched drilling operations for the Sankofa East 1X Side Track 2 well, located offshore Ghana. This new phase is part of efforts to sustain output from the Sankofa field and strengthen Ghana’s domestic energy supply. Drilling is underway near the John Agyekum Kufuor FPSO and forms part of the ongoing development of the Offshore Cape Three Points

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International Corporate News Oil

TotalEnergies Eyes Mid-2025 Restart for $20 Billion Mozambique LNG Project

TotalEnergies is preparing to seek approval from the Mozambican government to lift the force majeure on its $20 billion liquefied natural gas (LNG) project, with plans to resume construction by mid-2025, according to a report by Reuters. The project, which has been on hold since 2021 due to insurgent violence in the Cabo Delgado region, includes the development of the Golfinho and Atum gas fields in Offshore Area 1, along with the construction of a

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Corporate News Diamonds Local

Oman’s Taadeen Joins Catoca Mining Company Following Share Restructuring

Taadeen, a subsidiary of the Omani Sovereign Wealth Fund, has officially become a shareholder in the Catoca Mining Company following the signing of a public deed on Monday, May 26. The formal entry was confirmed in a statement issued by Angola’s Ministry of Mineral Resources, Oil and Gas. The agreement, signed by representatives of the involved companies, marks Taadeen’s acquisition of shares previously held by Angola’s state-owned diamond company, Endiama EP. According to the Ministry,

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Renewable Energy Corporate News International

AXIAN Energy Launches West Africa’s Largest Solar-Storage Project in Senegal

AXIAN Energy has officially commenced construction of the NEA Kolda solar and battery storage facility, a major step toward advancing Senegal’s renewable energy ambitions. Launched on May 22 in the southern region of Kolda, the hybrid power plant will generate 60 megawatts (MW) of solar energy and store 72 megawatt-hours (MWh), supplying clean electricity to over 25,000 households and reaching nearly 235,000 people. The project reflects AXIAN’s commitment to an inclusive and impactful energy transition,

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Corporate News Gas International Oil

Renaissance Africa Energy Unveils $15 Billion Investment Plan for Niger Delta Oil and Gas Projects

Renaissance Africa Energy Company Limited has announced plans to invest $15 billion over the next five years to develop oil fields located onshore and in the shallow waters of Nigeria’s Niger Delta. The company—a consortium of Nigerian-owned oil firms—recently acquired oil assets formerly operated by Shell Petroleum Development Company (SPDC), following Shell UK’s exit from onshore operations in the region. Greg Akhibi, Head of Supply Chain at Renaissance Africa Energy, disclosed the investment plans during

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International Corporate News Renewable Energy

Metacon to Supply Green Hydrogen Pilot Plant for Moroccan Wind-to-Hydrogen Project

Metacon has secured a key contract worth €1,820,600 to design and deliver a containerized electrolysis plant for a groundbreaking green hydrogen pilot project in Morocco. The plant, designed as a fully integrated and ready-to-install system, will test pressurized alkaline electrolyzers directly connected to wind turbines. The insights gained from this pilot will help the client—a major player in Africa’s wind energy sector—scale up industrial production of green hydrogen, e-fuels, and green ammonia. This initiative highlights

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Corporate News International Oil

TotalEnergies Eyes Mid-2025 Restart for $20 Billion Mozambique LNG Project

TotalEnergies is preparing to request Mozambique’s approval to lift the force majeure on its $20 billion liquefied natural gas (LNG) project, with plans to resume construction by mid-2025, according to Reuters. The project has been suspended since 2021 due to insurgent attacks in the Cabo Delgado region. It involves the development of the Golfinho and Atum gas fields in the Offshore Area 1 block, along with the construction of a two-train liquefaction plant with an

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Corporate News International Oil

Tullow Oil Resumes Drilling at Jubilee Field Following Successful Maintenance

Tullow Oil, through its Ghanaian subsidiary, has resumed drilling operations at the Jubilee Field, marking a new phase in the company’s development activities in the country. This latest campaign follows the successful completion of a previous drilling program that delivered 18 wells ahead of schedule and under budget. “The restart of drilling marks another milestone in our journey in Ghana and underscores our confidence in the country’s resource potential,” said Jean-Médard Madama, Managing Director of

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International Corporate News

GEOCEAN Advances Congo LNG Project with Key Mooring Installation Milestone

French marine contractor GEOCEAN has successfully completed a key phase in the installation of a mooring system for a floating liquefied natural gas (FLNG) unit offshore Congo, part of Eni’s Congo LNG project in the Marine XII block. This milestone involved the placement of a drilling guide template and diver-assisted inspections to ensure precise alignment and safety in the offshore environment. It followed the arrival of the jack-up barge La Sianna at the site in

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