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Category: International

International Gas News

Mozambique Earns $67.6 Million from Oil and Gas as Sovereign Fund Nears Launch

Mozambique Natural Gas and Oil Revenues Reach $67.6 Million in 2025 Ahead of Sovereign Fund Rollout Mozambique earned US$67.64 million from oil and natural gas exploitation up to September 2025, according to the Ministry of Finance. Budget execution data for January to September 2025 shows that US$24.68 million came from the Mining Production Tax, while US$42.96 million was derived from the “profit oil” component—revenues from production exceeding the “cost oil” allocated to the Mozambican State.

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Diamonds Corporate News International

Lucara Diamond Achieves Robust Q3 Output and Secures Key Milestones at Karowe Underground Expansion

Lucara Reports Strong Q3 Results as Karowe Mine Delivers Major Diamond Recoveries and Advances Underground Project Toronto-listed Lucara Diamond Corp. reported revenue of $51.2 million from the sale of 101 422 carats during the quarter ended September 30, supported by strong recoveries and continued progress at its Karowe diamond mine in Botswana. In August, Lucara recovered a 1 015 ct non-gem diamond and a 37.42 ct near-gem pink Type IIa diamond. The 1 015 ct

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International Transport and Logistics

Zambia Strengthens Ties with European Investment Bank to Accelerate Lobito Corridor Development

Zambia and EIB Deepen Cooperation to Boost Investment in the Lobito Corridor and Drive Regional Trade Growth Zambia has intensified its engagement with multilateral development partners, as Finance and National Planning Minister Dr. Situmbeko Musokotwane met with European Investment Bank (EIB) Vice President Karl Nehammer ahead of the Zambia–EU Lobito Corridor Business Forum, scheduled for 13–14 November in Lusaka. The high-level bilateral talks focused on unlocking new investment opportunities along the Lobito Corridor, a key

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Diamonds Corporate News International

Botswana Moves to Acquire Majority Stake in De Beers Amid Angola’s Rival Bid

Botswana Seeks Control of De Beers as Angola Joins Race for Diamond Giant Botswana is taking concrete steps to acquire a majority stake in De Beers, President Duma Boko announced on Monday, shortly after Angola revealed its own plans to pursue control of the global diamond powerhouse. Botswana currently holds a 15% share in De Beers and contributes around 70% of the company’s annual rough diamond output, making it a cornerstone of the southern African

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Gas International News

Egypt Discovers Major Natural Gas Reserves in the Western Desert

Egypt Uncovers Significant Natural Gas Discovery in Western Desert’s Badr-15 Sector Egypt’s Ministry of Petroleum and Mineral Resources has announced a major natural gas discovery in the country’s Western Desert, marking another step forward in efforts to boost domestic energy production and reduce dependence on imports. The find was made by Badr El Din Petroleum Company (BAPETCO) at the Badr-15 sector, following successful drilling at the BED 15-31 exploration well. According to the ministry, the

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International Renewable Energy

AfDB Approves $14.5 Million to Boost Zambia’s Renewable Energy with 20MW Garneton North Solar Project

African Development Bank Invests $14.5 Million in Zambia’s 20MW Garneton North Solar Project to Power 82,000 People The African Development Bank (AfDB) has approved a $14.54 million financing package to support the 20MW Garneton North Solar Project in Zambia’s Copperbelt Province, a key step in advancing the country’s renewable energy capacity and addressing its persistent power shortages. Once operational, the project will deliver clean and reliable electricity to approximately 82,000 people, while reducing annual carbon

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International Corporate News Gas

Halliburton Secures Contract from Shell for HI Gas Project Offshore Nigeria

Halliburton Wins Shell Contract for HI Gas Project to Boost Nigeria’s LNG Supply Halliburton has announced that the Shell Nigeria Exploration and Production Company (SNEPCo) has awarded it a major contract to deliver integrated drilling services for the HI gas project, located in the shallow waters of OML 144 off the Niger Delta coast. The Houston-based oilfield services company said it will deploy remote operations and automated drilling technologies to enhance safety, reduce operational costs,

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International Renewable Energy

Nigeria Secures $500 Million for Solar Manufacturing Plants, Begins Exporting Panels to Ghana

Nigeria Invests $500 Million to Boost Solar Manufacturing and Export Locally Made Panels to Ghana Nigeria’s Minister of Power, Adebayo Adelabu, has announced that the Federal Government, in collaboration with state governors and private investors, has secured about $500 million to establish solar manufacturing plants across the country. Adelabu revealed that Nigeria has begun exporting locally produced solar panels to Ghana, marking a major milestone in the nation’s push toward renewable energy independence and regional

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International Corporate News Oil

Libya’s NOC Announces Major Oil Discovery in Ghadames Basin

Libyan National Oil Corporation Discovers New Oil Well Producing 4,675 Barrels Daily in Ghadames Basin The Libyan National Oil Corporation (NOC) has announced a significant oil discovery in an exploratory well located south of the Western Mountain in the Ghadames Basin, approximately 450 kilometers southwest of Tripoli. According to the NOC, the newly drilled well is estimated to produce around 4,675 barrels of crude oil and 2 million cubic feet of natural gas per day.

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Corporate News International Oil

Chevron Expands West African Portfolio with Offshore Exploration in Guinea-Bissau

Chevron to Explore Offshore Oil and Gas in Guinea-Bissau’s MSGBC Basin Chevron has announced plans to explore oil and gas reserves offshore Guinea-Bissau, targeting two key blocks within the highly prospective MSGBC Basin. The MSGBC Basin spanning Mauritania, Senegal, The Gambia, Guinea-Bissau, and Guinea-Conakry has become one of West Africa’s most promising hydrocarbon regions, attracting significant industry attention after several major discoveries in recent years. Liz Schwarze, Chevron’s Vice President for Exploration, expressed enthusiasm about

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