Benin to Resume Offshore Oil Production in 2026 as Seme Oilfield Returns to Operation Oil production is set to resume off the coast of Benin for the first time in nearly three decades, as the West African nation prepares to bring the long-dormant Seme oilfield back into operation by the end of January 2026. The restart marks a significant milestone for a country that last produced crude in 1998, when low oil prices and technical
Heirs Energies Raises $750 Million Afreximbank Facility to Double Oil Output and Boost Gas Supply in Nigeria Nigeria’s efforts to rebuild domestic energy capacity received a significant boost after Heirs Energies secured a $750 million financing facility from the African Export-Import Bank (Afreximbank), marking one of the largest Africa-backed energy transactions concluded this year. The funding is expected to double the indigenous producer’s crude oil output to around 100,000 barrels per day and increase gas
De Beers Expands in India with Opening of Largest Forevermark Diamond Jewellery Store in Mumbai Diamond mining and jewellery group De Beers has opened a flagship store for its Forevermark Diamond Jewellery brand in Mumbai, reinforcing its long-term commitment to the fast-growing Indian luxury market. The 5,000-square-foot store is located at Crest Link in Khar West, a prime destination along Mumbai’s iconic Linking Road. The new flagship reflects Forevermark’s focus on Indian consumers seeking meaningful,
OPEC+ Maintains Oil Production Levels Through Q1 2026 Despite Global Political Turmoil OPEC+ agreed to maintain current oil production levels on Sunday after a brief meeting of key producing nations, reaffirming its decision to keep output unchanged through the first quarter of 2026. The alliance’s members deliberately avoided substantive discussion of ongoing political crises affecting some member states. The virtual meeting involved eight major OPEC+ producers — Saudi Arabia, Russia, the United Arab Emirates (UAE),
Lucara Estimates 4.5 Million Carats from Karowe Underground Mine in Botswana Canadian miner Lucara Diamond Corporation has confirmed that the underground expansion of its Karowe diamond mine in Botswana could recover approximately 4.5 million carats over a projected mine life of ten years, according to an updated technical report. The company undertook the update to its underground feasibility study to reinforce its strategic decision to extend the life of the Karowe operation and continue delivering
Eni Discovers Up to 30 Tcf of Gas at Zohr, Egypt’s Largest-Ever Gas Field Eni has discovered natural gas reserves estimated at up to 30 trillion cubic feet (Tcf) in Egypt’s Zohr field, marking the largest gas discovery ever recorded in the country and a turning point for its energy sector. Hamdy Abdel-Aziz, spokesperson for Egypt’s Ministry of Petroleum, said the find increases Egypt’s total natural gas reserves by roughly one-third. Egypt’s proven gas reserves
Nigeria’s NNPC Nears Completion of AKK Gas Pipeline to Boost Industry and Power in the North Nigeria’s state-owned energy company is counting on the long-delayed Ajaokuta–Kaduna–Kano (AKK) gas pipeline to stimulate industrial development across northern Nigeria, according to its chief executive following a briefing with President Bola Tinubu. Bashir Ojulari, Group Chief Executive Officer of NNPC Ltd, said the company has completed welding of the pipeline’s main line, including the critical River Niger crossing that
Egypt Increases Oil and Gas Output with New Western Desert Wells and Nile Delta Discovery Egypt’s Ministry of Petroleum and Mineral Resources has announced the successful drilling of two new oil and gas production wells in the Western Desert, reinforcing efforts to raise domestic energy output. According to the ministry, Agiba Petroleum Company drilled the Dorra 36 and West Yasmine 3 wells, with initial tests confirming strong natural flow rates from both locations. Preliminary estimates
Namibia Launches Africa’s First Integrated Green Hydrogen Plant at Walvis Bay Port A 5 MW green hydrogen plant has begun operations at Namibia’s Walvis Bay port, marking a significant step toward cleaner energy use in Africa’s transport and logistics sector. The project was developed by Plug Power in partnership with Cleanergy Solutions Namibia and is among the continent’s first fully integrated commercial green hydrogen facilities powered entirely by renewable energy. Located within Namibia’s main export
Waha Oil Boosts Libya’s Electricity Supply with Two New Gas Wells Waha Oil Company has brought two new gas wells into production as part of efforts to strengthen Libya’s electricity supply and reduce recurring fuel shortages at power plants. The company connected the new wells to existing surface facilities, enabling gas to be delivered quickly into the national grid. Most of the additional volumes will be directed to power generation, helping to address chronic fuel
