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Category: International

International Gas News Oil

Africa’s Oil and Gas Sector Poised for Exploration Surge, Industry Leaders Say

Africa Oil and Gas Exploration to Surge with Advanced Data, Faster Permitting, and $54 Billion Investment by 2030 Africa’s oil and gas industry may be entering a new era of exploration, driven by advances in seismic imaging, frontier datasets, and streamlined permitting processes, according to industry leaders at Africa Energy Week (AEW): Invest in African Energies 2025. Emmanuelle Garinet, Vice President of Exploration Africa at TotalEnergies, pointed to Africa’s frontier basins as a key driver

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International Expos & Events Gas Oil

Mozambique and Nigeria LNG Projects Near Final Investment Decisions as Africa Targets 120 MTPA by 2035

Africa’s LNG Boom: Mozambique and Nigeria Edge Closer to Major FIDs Major African LNG projects in Mozambique and Nigeria are advancing toward Final Investment Decisions (FIDs), with developers highlighting significant progress in commercial, regulatory, and design frameworks aimed at ensuring global competitiveness. Speaking at Africa Energy Week 2025, Arnie Gibbs, Chair of Mozambique Rovuma Ventures at ExxonMobil, confirmed that the Rovuma LNG project is targeting FID in 2026. “From my perspective, the stars are aligning

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International Energy

Zambia and Botswana Sign Landmark Energy Agreement to Boost Regional Power Trade

Zambia-Botswana Energy Pact to Strengthen Cross-Border Power Trade and Regional Energy Integration Zambia and Botswana have signed a landmark agreement to enhance cross-border electricity trade and strengthen regional energy cooperation. Announced on Thursday at the 2025 Energy Forum for Africa in Lusaka, the deal will facilitate power exports between the two nations and help connect northern and southern Africa to larger, integrated energy markets. The Memorandum of Understanding (MoU) was signed on behalf of Zambia

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Corporate News Diamonds International

Namibia Weighs Stake in De Beers Amid Diamond Market Slump

Namibia Considers De Beers Stake as Diamond Prices Decline and Industry Faces Challenges Namibia will carefully assess whether to acquire a stake in De Beers as the global diamond market faces a prolonged slump, local media reported on Monday, citing the country’s Deputy Prime Minister. Anglo American, De Beers’ parent company, announced on September 9 that it is selling the diamond giant as part of a portfolio restructuring to focus on copper and iron ore.

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International News Oil

Somalia to Begin Oil Drilling in Coming Months, President Announces

Somalia Launches Oil Drilling Initiative to Boost Economic Growth and Infrastructure Somalia’s President, Hassan Sheikh Mohamud, has announced that the country will begin oil drilling operations in the coming months, marking a significant step toward harnessing Somalia’s natural resources for national development. Speaking on Monday at the opening of the 7th Session of the Federal Parliament in Mogadishu, President Mohamud said the initiative will be a catalyst for Somalia’s growth. “We are committed to using

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International Gas News Oil

Equatorial Guinea to Launch Major Oil & Gas Licensing Round in April 2026

Equatorial Guinea Announces 2026 Oil & Gas Licensing Round to Boost Exploration Amid Declining Output Equatorial Guinea will launch a new oil and gas licensing round in April 2026 to encourage exploration and counter declining production, Hydrocarbons and Mining Development Minister Antonio Oburu Ondo announced. Known locally as “la ronda”, the licensing round is planned for the second quarter of 2026. Detailed timelines, application procedures, and requirements will be announced closer to the launch. The

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International Renewable Energy

Namibia Commissions First Solar Wheeling Project at Maxwell Farm

Namibia’s First Solar Wheeling Project Powers B2Gold Mine Through NamPower’s MSB Programme Sustainable Power Solutions (SPS), in partnership with B2Gold Namibia, the Oelofse family, and Fortitude, has commissioned Namibia’s first solar wheeling project under NamPower’s Modified Single Buyer (MSB) Programme. The initiative allows private independent power producers (IPPs) to sell electricity directly to large customers using the national grid. The Maxwell Solar Plant The 10 MW Maxwell Solar Plant, located on Maxwell Farm about 50

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Corporate News Diamonds International

Rio Tinto Unveils Final Beyond Rare Diamond Tender

Rio Tinto Launches ‘Into the Light’ Tender Featuring Last Pink, Red, Violet, Yellow and White Diamonds Rio Tinto has announced the launch of its final Beyond Rare tender, offering an exclusive selection of pink, red, violet, yellow, and white diamonds sourced from its Canadian and Australian operations. The tender, titled “Into the Light,” features 52 lots weighing a total of 45.44 carats. This edition marks the conclusion of the company’s celebrated Art Series, following the

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Diamonds Economy International

IMF Warns Botswana’s Economic Growth Hampered by Diamond Sector Decline

IMF Botswana Report Highlights Diamond Sector Challenges and Urgent Need for Economic Diversification The International Monetary Fund (IMF) has concluded its annual Article IV consultation for Botswana, revealing that the country’s diamond sector is significantly slowing economic growth. After expanding by 3.2% in 2023, Botswana’s economy contracted by 3% in 2024, largely due to challenges in the diamond industry, including competition from lab-grown diamonds and reduced demand from China. The IMF forecasts Botswana’s GDP will

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Oil Gas International News

Equatorial Guinea to Launch 2026 Oil & Gas Licensing Round with 24 Blocks to Revive Production

Equatorial Guinea to Launch 2026 Oil & Gas Licensing Round with 24 Blocks to Revive Production Equatorial Guinea is set to launch a new oil and gas licensing round in April 2026 to stimulate exploration and address the decline in hydrocarbon production, Hydrocarbons and Mining Development Minister Antonio Oburu Ondo announced. The licensing round, referred to locally as “la ronda,” will begin in the second quarter of 2026, with detailed timelines, application procedures, and requirements

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