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Category: International

Corporate News International Oil

TotalEnergies Denies Involvement in Alleged LNG Site Civilian Killings in Mozambique

TotalEnergies Rejects War Crimes Allegations Amid Mozambique LNG Project Restart TotalEnergies CEO Patrick Pouyanne has strongly rejected accusations that the French energy company bears responsibility for the alleged killing of civilians at its liquefied natural gas (LNG) project site in Mozambique four years ago. The European Center for Constitutional and Human Rights (ECCHR) stated Tuesday that the company “is accused of having directly financed and materially supported” a Mozambican armed unit that allegedly detained, tortured,

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International Corporate News Gas Oil

Mozambique Reinstates LNG Force Majeure, Blocks TotalEnergies’ Extension Bid

Mozambique Restores LNG Force Majeure Period, TotalEnergies Concession Extension Rejected The Mozambican Government has decided to reinstate the four-and-a-half-year suspension period during which the LNG megaproject in Cabo Delgado was under force majeure, rejecting TotalEnergies’ proposal for a ten-year extension of the concession to offset losses incurred during the halt. A source close to the process told Lusa that the resolution, approved at Tuesday’s Council of Ministers meeting, “in line with applicable regulations, reinstates the

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Corporate News Diamonds International

Provisional Liquidation Casts Uncertainty Over Namibia’s Elizabeth Bay Diamond Mine

Elizabeth Bay Mine Faces Uncertain Future as Sperrgebiet Diamond Mining Placed in Provisional Liquidation The Elizabeth Bay Mine in Namibia faces renewed uncertainty after the High Court ordered the provisional winding-up of its operator, Sperrgebiet Diamond Mining (Pty) Ltd, following an application by Lewcor Holdings (Pty) Ltd. Lewcor argued that the company is financially distressed and at risk of dissipating assets, prompting the court to freeze operations and place the mine under judicial oversight. High

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International News Oil

Zambia Approves Investor Licence for Ndola Oil Refinery Project

Zambia Approves $510 Million Oil Refinery Project in Ndola as ZDA Issues Investor Licence The Zambia Development Agency (ZDA) has issued an Investor Licence to China Zambia Petrochemical Energy Company Limited, paving the way for the launch of a USD 510.49 million oil refinery in Ndola, Copperbelt Province. The project, expected to create 454 jobs, will be developed through a Special Purpose Vehicle (SPV) partnership between the Industrial Development Corporation (IDC) and Xiang Xin Holding

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Diamonds Corporate News International

WDC Urges Kimberley Process to Adopt Modern Conflict Diamond Definition at 2025 Plenary

Kimberley Process Faces Crucial Vote as WDC Calls for Expanded Conflict Diamond Definition in 2025 World Diamond Council (WDC) president Feriel Zerouki opened the 2025 Kimberley Process (KP) plenary with a strong appeal for member states to endorse a modernised and expanded definition of conflict diamonds, marking a potentially historic shift for the global certification scheme. Zerouki emphasised that the proposal is the result of three years of drafting, negotiation and consensus-building led jointly by

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Oil Gas International

Libya’s NOC Announces Six New Oil and Gas Discoveries in 2025

Libya’s National Oil Corporation Discovers Six New Wells Adding 168 Million Barrels of Oil Reserves The National Oil Corporation (NOC) of Libya has announced the discovery of six new oil wells in 2025, with an estimated recoverable oil reserve of 168.1 million barrels and gas reserves of 52.019 billion cubic feet. According to NOC data, three of the wells have successfully passed testing, one is still under evaluation, and two have been temporarily suspended. The

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Corporate News International Oil

Aliko Dangote Plans 2,000 km Fuel Pipeline from Namibia to Zimbabwe

Dangote Group to Build Namibia–Zimbabwe Fuel Pipeline Following $1 Billion Investment Deal Nigerian billionaire Aliko Dangote has announced plans to construct a 2,000-kilometre fuel pipeline running from Walvis Bay in Namibia, through Botswana, to Bulawayo in Zimbabwe. Dangote revealed the plan to Zimbabwean media after signing a US$1 billion investment agreement with the Zimbabwean government in Harare on Wednesday. The deal was finalised during a meeting with President Emmerson Mnangagwa. “I have signed an agreement

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Corporate News International Oil

Rhino Resources Extends Offshore Drilling Campaign in Namibia with Additional Well Test

Rhino Resources Expands Namibia Offshore Program, Targets First Oil by 2030 Rhino Resources has extended its offshore drilling campaign in Namibia after amending its contract with Northern Ocean Ltd (NOL) to include an additional firm well test on the Deepsea Mira rig. The contract amendment adds 28 days to the firm term and will be executed before the three optional wells already scheduled under the existing agreement. The Deepsea Mira, owned by Northern Ocean and

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Renewable Energy International News

Namibia Aims for 400 MW of Renewable Energy by 2030 to Boost Economy and Energy Security

Namibia Targets 367–400 MW Renewable Energy Capacity by 2030 to Drive Industrial Growth and Job Creation Namibia is targeting between 367 and 400 megawatts (MW) of renewable energy capacity by 2030, focusing primarily on solar and biomass projects. Eduardo Rodriguez, Chairperson of the Namibia Petroleum Operators Association, said the planned expansion will enhance energy security, support industrial growth, and help the country meet its climate commitments. “Renewables are a fundamental component of Namibia’s economic diversification

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Corporate News Diamonds International

Namibia Confirms No Decision Made on Potential De Beers Share Acquisition

Namibia Maintains Current Diamond Holdings, Says No Cabinet Decision on De Beers Equity The Namibian government has clarified that no decision has been made regarding the potential acquisition of shares in De Beers. The Ministry of Mines and Energy confirmed that the matter has not yet been considered by Cabinet. The Ministry emphasized that the State remains fully invested in its existing 50% stakes in Namdeb and Debmarine Namibia, which continue to underpin the country’s

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