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Category: Corporate News

International Corporate News Energy Mining Personality

Seplat Energy Names Tony Elumelu Chairman-Elect and Effiong Okon CEO in Major Leadership Transition

Seplat Energy Appoints Tony Elumelu as Chairman-Elect and Effiong Okon as CEO Amid Leadership Restructuring Seplat Energy has announced a major leadership transition, appointing billionaire investor Tony Elumelu as its incoming Chairman effective January 2027, while naming Engr. Effiong Okon as its new Chief Executive Officer from 1 August 2026. The company disclosed the appointments in a filing with the Nigerian Exchange Limited (NGX), signed by Company Secretary Edith Onwuchekwa. Elumelu will succeed current Chairman

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International Corporate News Oil

QatarEnergy Reports New Oil Discovery at Merlin-1X Offshore Namibia

QatarEnergy Announces Promising Merlin-1X Oil Discovery Offshore Namibia in Orange Basin Exploration Program QatarEnergy has announced a new oil discovery with encouraging results from the Merlin-1X exploration well, drilled in Petroleum Exploration License 39 (PEL 0039) offshore Namibia. Merlin-1X is the tenth well drilled within the license area and has delivered the most promising subsurface results to date. The well encountered high-quality reservoir formations containing light oil, along with limited associated natural gas. His Excellency

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International Corporate News Oil

Dangote Eyes Kenya for $15–17 Billion East Africa Refinery Project

Dangote Considers Mombasa for 650,000 bpd Refinery as Kenya Competes with Tanzania for Mega Energy Project Nigerian billionaire Aliko Dangote is considering Kenya as the preferred location for a proposed 650,000 barrels-per-day oil refinery in East Africa, a landmark project that could reshape the region’s fuel supply landscape. According to a Financial Times report, Dangote made the remarks during an interview in Nairobi, stating that he now favours Kenya’s port city of Mombasa over Tanzania’s

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International Corporate News Oil

ExxonMobil Targets Major Gas Output from Owowo and Bosi Offshore Developments in Nigeria

ExxonMobil Plans Up to 100 MMcf/d Gas Production from Owowo Field as Offshore Projects Near Investment Decision ExxonMobil expects to produce significant volumes of natural gas from its planned development of the Owowo and Bosi offshore fields in Nigeria, both of which are still progressing toward final investment sanction. According to Jagir Baxi, Lead Country Manager of ExxonMobil Nigeria and its affiliates, the Owowo development includes plans for a dedicated gas pipeline as part of

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Corporate News Gas International Oil

Petralon Energy Expands Dawes Island Output with Successful Start-Up of DI-3 Well

Petralon Energy Adds 2,800 BOPD from DI-3, Boosting Dawes Island Production to 4,800 BOPD in Niger Delta Petralon Energy has commenced production from DI-3, its second consecutive development well on the Dawes Island field in the eastern onshore Niger Delta Basin, marking another milestone in its ongoing drilling campaign. The DI-3 well was brought onstream on March 14, 2026, adding approximately 2,800 barrels of oil per day (BOPD) to production. With the new well online,

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International Corporate News Oil

Dangote Refinery Surpasses Nameplate Capacity, Targets 1.4 Million Barrels Per Day Expansion

Dangote Refinery Boosts Processing Capacity to 700,000 BPD, Plans Expansion to 1.4 Million BPD by 2028 Dangote Petroleum Refinery and Petrochemicals has increased its crude oil processing capacity to 700,000 barrels per day (bpd), surpassing its installed nameplate capacity of 650,000 bpd and marking a significant operational milestone for Africa’s largest refinery. The achievement follows a performance assessment conducted by the refinery’s process licensors, confirming the facility’s ability to process higher volumes of crude oil

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International Corporate News Oil

Eni Secures Offshore Exploration Licence in The Gambia

Eni Enters The Gambia’s Oil and Gas Sector with Offshore Block A1 Exploration Licence Italian energy major Eni has officially entered The Gambia’s upstream oil and gas sector after signing a Petroleum Exploration, Development and Production Licence Agreement with the Gambian government for the offshore Block A1 concession. The agreement was signed by The Gambia’s Minister of Energy and Petroleum, Nani Juwara, granting Eni the rights to explore the deepwater Block A1, which covers approximately

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Local Corporate News Oil

Sonangol Expands Shipping Fleet with New Suezmax Tanker to Strengthen Angola’s Oil Trade

Sonangol Builds New Suezmax Tanker to Boost Angola’s Crude Oil Exports and Regional Energy Trade Angola’s national oil company, Sonangol, has begun construction of a new Suezmax crude oil tanker capable of transporting up to one million barrels of oil, marking a significant step in the country’s strategy to strengthen its control over crude transportation and expand its reach in regional and global energy markets. The vessel, currently being built by South Korea’s Hyundai Samho

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Corporate News Diamonds International

GIA Acquires 30% Stake in Tracr to Advance Diamond Traceability and Provenance

GIA Acquires 30% Stake in Tracr, Strengthening Blockchain-Based Diamond Provenance and Traceability The Gemological Institute of America (GIA) has signed a definitive agreement to acquire a 30% shareholding in Tracr, the blockchain-powered diamond provenance platform originally developed by De Beers Group. The investment marks a major milestone in Tracr’s transition toward becoming an independent, industry-wide platform and reflects growing confidence in its ability to enhance transparency, traceability, and provenance across the global natural diamond value

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Corporate News Diamonds International Mining Personality

Akinwumi Adesina Appointed Chair of Botswana’s Diamonds for Development Fund

Former AfDB President Akinwumi Adesina Named Chair of Botswana’s Diamonds for Development Fund The Botswana government and De Beers have appointed former African Development Bank (AfDB) President Dr Akinwumi Adesina as Chairperson of the Diamonds for Development Fund, a joint initiative aimed at accelerating the country’s economic diversification and long-term development. Adesina, who served as President of the AfDB from 2015 to 2025, brings extensive experience in development finance and economic transformation. During his tenure,

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