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Category: Corporate News

International Corporate News Oil Petroleum

Aiteo Signs Landmark Deal to Build 240,000 bpd Refinery in Mozambique

Aiteo to Build $240K bpd Refinery in Mozambique, Boosting Fuel Supply and Regional Energy Trade Aiteo, one of Africa’s leading energy companies, has signed a landmark engineering, procurement, and construction (EPC) agreement to develop a 240,000 barrels-per-day (bpd) oil refinery in Mozambique. The project is set to dramatically increase domestic fuel production, reduce reliance on imports, and position Mozambique as a key energy hub in Southern Africa. The announcement was made during a signing ceremony

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Corporate News International Oil

Dangote Warns Against Africa Becoming a Dumping Ground for Substandard Fuel

Dangote Urges Africa to End Fuel Imports and Boost Local Refining Capacity Aliko Dangote, President of Dangote Industries Limited, has voiced serious concerns over Africa’s growing dependence on imported fuel, warning that the continent risks becoming a dumping ground for substandard petroleum products. Speaking about the motivation behind the $20 billion Dangote Refinery, Dangote said the project was driven by a commitment to help Nigeria achieve energy self-sufficiency and to inspire similar industrial development across

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International Corporate News Oil

Kenya Extends Deadline for Lokichar Oil Project as Gulf Energy Prepares New Development Plan

Kenya Pushes Oil Production Timeline to 2025 as Gulf Energy Revises Lokichar Field Development Plan Kenya’s ambition to become a commercial oil producer has taken a new turn, as the Energy and Petroleum Regulatory Authority (EPRA) has granted Tullow Oil and Gulf Energy an extension to submit their revised Field Development Plan (FDP). This critical document will shape how crude oil from the Lokichar Basin is extracted, transported, and marketed. The extension, now running through

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Corporate News International

Mozambique Clears Path for TotalEnergies to Restart $20 Billion LNG Project

Mozambique Restores Conditions for TotalEnergies to Resume $20 Billion LNG Development in Cabo Delgado Mozambique has established the necessary conditions for TotalEnergies to resume its $20 billion LNG project, the country’s energy minister confirmed. The project, located in Cabo Delgado, originated after the discovery of significant natural gas reserves off the northern coast in 2010 and reached a final investment decision in 2019. In 2021, TotalEnergies suspended operations following a deadly insurgent attack near its

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Corporate News International Oil

Sintana Energy Extends Namibia’s PEL 79 License Through 2026 Amid Growing Offshore Oil Interest

Sintana Energy Secures One-Year Extension for Namibia’s PEL 79, Boosting Offshore Exploration Prospects Sintana Energy has secured a one-year extension for its Petroleum Exploration License 79 (PEL 79) in Namibia’s Orange Basin, now valid through July 2026. The extension, granted by Namibia’s Ministry of Industries, Mines and Energy, covers exploration blocks 2815 and 2915. PEL 79 is held through a joint venture between NAMCOR and Giraffe Energy Investments, with NAMCOR acting as operator. Sintana holds

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Corporate News Gas International

Eni Ghana and Partners Boost Gas Processing Capacity to 270 MMSCFD, Enhancing National Energy Security

Eni Ghana Expands Gas Processing Facilities to 270 MMSCFD, Supporting Cleaner Energy and Power Supply Eni Ghana, together with its partners Vitol Upstream Ghana Ltd and the Ghana National Petroleum Corporation (GNPC), has successfully expanded its gas processing facilities, increasing capacity to 270 million standard cubic feet per day (MMSCFD). This expansion is a vital step toward strengthening Ghana’s energy security and accelerating the country’s transition to cleaner energy sources. Since its launch in 2018,

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Corporate News Gold Local Mining Projects

Tyranna Resources Secures Majority Stake in Promising Maongo Copper-Gold Project in Angola

Tyranna Resources Acquires 70% of Angola’s Maongo Copper-Gold Project Amid Growing Demand for Strategic Metals Tyranna Resources, an ASX-listed company, has signed agreements to acquire a 70% interest in the Maongo copper-gold project, located 25 km northeast of Namibe, Angola. The project comprises a single prospecting concession application covering 269 km², which is expected to be formally granted in the September 2025 quarter. The area hosts extensive historical mining infrastructure, including ore treatment sites, three

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Corporate News Local Mining Projects

Pensana Advances Longonjo Rare Earths Project with Expanded Processing Plant Site in Angola

Pensana Boosts Longonjo Rare Earths Project with Key Milestone, Driving Jobs and Economic Growth in Angola Rare earths developer Pensana has announced the successful completion of the expanded processing plant area at its Longonjo rare earths refinery project in Angola—marking a critical step forward in accelerating construction activities. Local stakeholders have shown strong support for the project, recognizing its potential to bring long-term economic growth and social development to the region. According to Pensana, the

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Corporate News International Oil

Shell Eyes Ghana’s Pecan Oil Field as Mahama Reignites Energy and Infrastructure Agenda

Ghana’s Oil Sector Gains Momentum with Shell’s Pecan Bid and Mahama’s Infrastructure Drive President John Mahama has announced that global energy giant Shell has submitted a formal bid to participate in the development of Ghana’s Pecan Oil Field, marking a significant step forward in revitalizing the country’s oil and gas sector. The proposal is currently under review by key stakeholders. If approved, it could initiate the next phase of development for the offshore field, located

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Diamonds Corporate News International

Venetia Mine Marks Major Safety Milestone with 13 Million Fatality-Free Shifts

De Beers Group’s Venetia diamond mine in Limpopo, South Africa, has reached a remarkable milestone of 13 million fatality-free shifts. This achievement places Venetia among a select group of mining operations in Southern Africa known for sustained excellence in safety performance. The milestone reflects the steadfast dedication of the mine’s employees, contractors, and leadership to fostering a safe and supportive work environment. Over the years, Venetia has implemented numerous proactive safety initiatives focused on building

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