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Category: International

Diamonds International News

𝗕𝗒𝗧𝗦π—ͺ𝗔𝗑𝗔 𝗔𝗑𝗗 π—§π—›π—˜ π—žπ—œπ— π—•π—˜π—₯π—Ÿπ—˜π—¬ 𝗣π—₯π—’π—–π—˜π—¦π—¦ π—¦π—˜π—–π—₯π—˜π—§π—”π—₯π—œπ—”π—§ π—¦π—œπ—šπ—‘ 𝗛𝗒𝗦𝗧 𝗖𝗒𝗨𝗑𝗧π—₯𝗬 π—”π—šπ—₯π—˜π—˜π— π—˜π—‘π—§

The Government of Botswana and the Kimberley Process Secretariat today signed Host Country Agreement, an important instrument formalising the terms on which the Kimberley Process Secretariat will be based in Botswana. The signing follows Botswana successfully competing against other bidders, being Austria, China, the Russian Federation and the United States of America. The Kimberley Process is an international and multi-stakeholder arrangement comprising governments, the diamond industry and civil society. It’s aim is to increase ethical

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Oil International News

Shell Makes Fifth Oil Discovery in Namibia

Global oil major Shell has confirmed the presence of oil deposits at the Enigma-1X well offshore Namibia. In late February 2024, Shell commenced drilling operations using Northern Ocean’s Deepsea Bollsta drilling rig as part of the firm’s Petroleum Exploration Licence 39 in Namibia. This discovery representsΒ Shell’s fifth in the region, adding to previous successes including the Graff-1X, La Rona, Jonker-1X, and Lesedi-1X discoveries. β€œAs part of our multi-well campaign in Namibia, Shell and its joint

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Oil International News

Oil to Remain Largest Share of Energy Mix by 2045 – OPEC

Driven on the back of road transportation, petrochemicals and aviation, global oil demand is projected to increase by more than 16 million barrels per day – rising to 116 million barrels per day – in 2045, retaining the largest share of the globalΒ energy mixΒ at 29.5%. As such, according to OPEC’s 2023 World Oil Outlook 2045 publication, downstream investment is poised to play a significant role in meeting Africa’s energy demands and resource monetization strategies, with

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International News Oil

Galp Confirms Potential 10 Billion Barrel Oil Reserves in Namibian Discoveries

Portuguese energy companyΒ Galp EnergiaΒ has concluded appraisal activities at its Mopane 1-X and 2X discoveries offshore Namibia, uncovering a potential oil reserve of at leastΒ 10 billion barrels. Testing at Mopane-1X was finalized in January, while testing at Mopane-2X took place from early March to early April this year. β€œThe flows achieved during the well test have reached the maximum allowed limits of 14,000 barrels of oil equivalent per day, potentially positioning Mopane as an important commercial

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International News

ARDA to Create Actionable Downstream Plan Ahead of COP29

The African Refiners and Distributors Association (ARDA) is set to launch a database of sustainable energy projects across the continent on April 24. The database will serve as part of an actionable downstream plan for the association to bring to COP29 in Azerbaijan this year. Dedicated to the development of sustainable pan-African energy infrastructure projects, ARDA aims to address the economic, environmental and social challenges related to energy security on the continent. β€œOur association’s goal

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Diamonds International News

Gem Diamonds Unearths 169.15 Carat White Diamond in LetΕ‘eng Mine

Gem Diamonds, a London-listed company, has announced the discovery of a remarkable 169.15 carat Type II white diamond from its LetΕ‘eng mine in Lesotho. This significant find marks the fourth diamond weighing over 100 carats that Gem has recovered so far this year. Prior notable discoveries include a 113 carat white Type II diamond, a 295 carat white Type II diamond, and a 139 carat Boart diamond. The LetΕ‘eng mine has gained renown for its

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International News Oil Petroleum

Santos Faces Revenue Dip in First Quarter Amid Production Challenges

Australian oil and gas giant Santos reported a decline in first-quarter revenue by approximately 14% on Thursday, attributing the decrease to reduced production levels and lower volumes across its product range. Various factors, including severe weather conditions and planned maintenance activities, hampered production during the quarter. Additionally, sales revenue was impacted primarily by decreased liquefied natural gas (LNG) and ethane volumes, albeit partially offset by higher realised prices. Santos produced 21.8 million barrels of oil

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International Oil

88 Energy plans first oil well in Owambo onshore basin in second half of 2025

88 Energy plans to drill a potential initial exploration well on PEL 93, targeting the Damara play in the Owambo Basin as early as the second half of 2025. PEL 93 includes an extensive lead portfolio with ten significant independent structural closures identified from a range of geophysical and geochemical techniques, and there is potential for more leads to be identified as the dataset is expanded. 88 Energy says PEL 93 is ten times bigger than its Alaskan

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International News Oil Petroleum

Custos Unveils Massive Oil Discovery in Namibia’s Orange Basin

Custos, a prominent player in the energy sector, recently announced a groundbreaking discovery at the Mopane complex in the Orange Basin. Initial estimates suggest that the complex harbors over 10 billion barrels of oil equivalent, marking a significant milestone in the region’s oil exploration efforts. Situated within the PEL 83 blocks on blocks 2813A and 2814B, the Mopane complex is a joint venture project involving Galp Energia’s subsidiary and Custos, with Namcor holding a stake

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International Oil Petroleum

Equatorial Guinea: Petrofac Secures $350M Contract to Support NOC

International service provider Petrofac has been awarded a $350 million technical services contract by Equatorial Guinea’s NOC GEPetrol. In support of Equatorial Guinea’s Block B assets, Petrofac will deliver services across onshore support bases, an FPSO and a platform on behalf of GEPetrol – which serves as the block’s operator – for five years. β€œWe will grow our economy through diverse partnerships and investment in our people. Combining our strong indigenous capabilities, with Petrofac’s global

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