You are Here

Category: Corporate News

Corporate News Local Oil

Sonangol Seeks $4.8 Billion from China to Fund Lobito Refinery Expansion

Angola’s Sonangol Targets $4.8B Chinese Financing for Lobito Refinery Without Oil-Backed Collateral Sonangol, Angola’s state oil company, is pursuing a $4.8 billion loan from Chinese financial institutions to accelerate construction of its new refinery at the Atlantic port of Lobito. This could be Sonangol’s first major borrowing from China in seven years. Sebastiao Gaspar Martins told reporters on Wednesday that the financing effort is intended to fund the next phase of the $6.2 billion refinery

Loading

Read More Here

Local Corporate News Mining Projects

Sonangol Eyes Critical Minerals as Profits Dip Amid Oil Sector Challenges

Angola’s Sonangol Plans Diversification into Critical Minerals Following 2025 Profit Decline Sonangol, Angola’s state-owned oil giant, announced on Wednesday plans to diversify into critical minerals, even as it reported a slight decline in net profit for 2025. Executives revealed that Sonangol posted net earnings of over $750 million in 2025, down from roughly 736 billion kwanzas in 2024 equivalent to about $807 million at current exchange rates. The conglomerate, which holds stakes in multiple offshore

Loading

Read More Here

Diamonds Corporate News International

Botswana Diamonds Rebrands as Botswana Minerals, Expands into Copper

Botswana Diamonds to Rebrand as Botswana Minerals (BMIN) and Diversify into Copper Exploration Botswana Diamonds plc (LON: BOD) will rebrand as Botswana Minerals and begin trading under the new ticker BMIN from 27 February, as the company broadens its portfolio to include copper exploration amid a prolonged downturn in the diamond sector. The rebranding follows a strategic review supported by an advanced artificial intelligence model applied to the company’s 95,000 square kilometre geological database, which

Loading

Read More Here

Diamonds Corporate News Local

Sodiam to Auction 74 Special Diamonds in Electronic Sale

Angola’s Sodiam Launches Online Auction of 74 Special Rough Diamonds in Luanda. Sodiam, Angola’s National Diamond Trading Company, has announced a new auction of special rough diamonds, with 74 stones to be offered through an electronic bidding process. Viewing sessions will take place from February 23 to March 3, 2026, at Sodiam’s headquarters in Luanda. The online bidding process will close on March 4 at 10:00 a.m. local time. The auction is being organized in

Loading

Read More Here

Oil Corporate News Local

Angola’s Ndungu Field Begins Full Development Under Agogo West Hub

Angola Launches Ndungu Field Production, Targeting 60,000 bpd at Peak Output National Agency of Petroleum, Gas and Biofuels (ANPG) and Azule Energy have announced the start of full field development at the Ndungu field offshore Angola, marked by the commencement of production from its first three wells. According to ANPG, the milestone represents a significant step forward in the Agogo West Hub Integrated Development (AIWH), a project designed to maximize hydrocarbon recovery in the western

Loading

Read More Here

International Corporate News Oil

TotalEnergies Targets 2028 FID for Mopane as Namibia Emerges as Deepwater Hub

TotalEnergies Plans 2028 FID for Mopane Offshore Namibia, Eyes 350,000 bpd Hub with Venus TotalEnergies is aiming for a final investment decision (FID) in 2028 on its Mopane oil development offshore Namibia, reinforcing its long-term deepwater growth strategy in the Orange Basin. Speaking on the company’s Namibia portfolio, Deputy CFO Arnaud Le Foll said exploration and business development efforts in the Orange Basin have delivered material discoveries that underpin plans for a new multi-field deepwater

Loading

Read More Here

Corporate News International Oil

Murphy Oil Advances Côte d’Ivoire Exploration Despite Caracal-1X Dry Hole

Murphy Oil to Drill Bubale-1X in Côte d’Ivoire After Caracal-1X Well Declared Dry Murphy Oil Corporation has completed drilling operations at the Caracal-1X well in Block CI-102 offshore Côte d’Ivoire, reaching a total depth of 8,534 feet (2,601 meters). The company has classified the well as a dry hole after failing to encounter commercially viable hydrocarbons. Subsurface data acquired during drilling will be integrated into ongoing technical evaluations to refine prospectivity across the remaining acreage

Loading

Read More Here

Diamonds Corporate News International

Okavango Diamond Company Expands Contract Sales to Cushion Market Downturn

Botswana’s Okavango Diamond Company to Increase Contract Diamond Sales Amid Weak Global Market Botswana’s state-owned Okavango Diamond Company (ODC) plans to increase the proportion of diamonds it sells through long-term contracts as it adapts to challenging global market conditions, acting managing director Lipalese Makepe said on Wednesday. Contract sales provide greater pricing stability and predictability compared with auctions and tenders, which are typically more competitive and prone to price volatility. The shift comes as rough

Loading

Read More Here

Renewable Energy Corporate News International

SOLA Group Reaches Financial Close on 300MW Naos-1 Hybrid Solar and Storage Project

SOLA Group Financial Close on Naos-1: 300MW Solar and 660MWh Battery Project to Wheel Private Power in South Africa SOLA Group has achieved Financial Close and begun construction of its Naos-1 Hybrid Solar and Battery Project, marking a significant milestone in South Africa’s evolving private electricity market. The development integrates a 300MW solar photovoltaic facility (435MWp) with 660MWh of battery energy storage. The project is underpinned by long-term power purchase agreements with Sasol and Air

Loading

Read More Here

International Corporate News Diamonds

De Beers Posts $511 Million Loss in 2025 Amid Lower Diamond Prices and Stock Rebalancing

De Beers 2025 Financial Results: $511M Loss Driven by Falling Diamond Prices and Stock Rebalancing Diamond miner De Beers reported a challenging 2025 financial year, posting an underlying loss before interest, taxes, depreciation, and amortisation (EBITDA) of $511 million, compared with a loss of $25 million in 2024. The decline was driven by a lower average rough price index and stock rebalancing initiatives. Production and Sales Rough diamond production fell 12% to 21.7 million carats

Loading

Read More Here

1 … 4 5 6 7 8 … 68