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Category: International

International Renewable Energy

EU Launches €545 Million Plan to Boost Renewable Energy Across Africa

EU Invests €545 Million to Expand Clean Energy and Electrification in Nine African Nations The European Union (EU) has announced a €545 million ($638 million) investment package to accelerate renewable energy development across Africa, aiming to expand electrification, modernize power grids, and increase access to affordable clean power. Despite the continent’s vast renewable potential, nearly 600 million Africans still live without electricity. The European Commission stated that the new initiative could help create up to

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Corporate News International Oil

Eni Resumes Offshore Drilling in Libya After Five-Year Hiatus

Eni and BP Restart Offshore Exploration in Libya, Ending Five-Year Pause in Energy Operations Italian energy giant Eni has resumed offshore exploration drilling northwest of Libya, the country’s National Oil Corporation (NOC) announced, marking the end of a five-year hiatus in exploration activity. In 2024, Eni partnered with BP to relaunch exploration efforts in Libya, nearly a decade after onshore drilling came to a standstill in 2014, when the outbreak of civil war divided the

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Diamonds International News

Botswana Nears Duty-Free Diamond Deal with United States to Protect Economy

Botswana Closes in on Duty-Free Diamond Trade Agreement with U.S. Amid Tariff Pressures Botswana is close to securing an agreement with the United States that would allow its diamonds to be imported duty-free — a potential economic lifeline for the landlocked nation as it faces mounting pressure from U.S. tariffs that have strained its diamond-dependent economy. Speaking to the BBC about the ongoing trade discussions, President Duma Boko stated, “The negotiations are in an advanced

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Mergers & Acquisitions Corporate News International Oil

QatarEnergy Expands Offshore Presence with Major North Cleopatra Block Acquisition in Egypt

QatarEnergy Signs Deal with Shell to Acquire 27% Stake in North Cleopatra Offshore Block, Strengthening East Mediterranean Role QatarEnergy has signed an agreement with Shell to acquire a 27% participating interest in the North Cleopatra block offshore Egypt, the Qatari energy company announced on Sunday. The acquisition underscores QatarEnergy’s expanding role in the East Mediterranean and across Africa. The deal, which is subject to approval by Egyptian authorities, will leave Shell with a 36% operating

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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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