Dangote Refinery Reaches Full 650,000 bpd Capacity, Begins Global Performance Validation

Dangote Refinery Hits Full 650,000 bpd Capacity, Launches 72-Hour Test Run with UOP The Dangote Refinery has reached its full operational capacity of 650,000 barrels per day (bpd), marking a significant milestone for the world’s largest single-train refinery. The company said the achievement follows the successful restoration and optimisation of its Crude Distillation Unit (CDU) and Motor Spirit (MS) production block. A 72-hour intensive performance test, to be conducted in collaboration with technology licensor UOP,

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Ghana Hits Record 6 Million Ounces of Gold in 2025 Amid Royalty Reform Debate

Ghana Gold Output Reaches Record 6 Million Ounces in 2025 as Royalty Overhaul Raises Industry Concerns Ghana produced a record six million ounces of gold in 2025, according to provisional industry data, cementing its position as Africa’s top gold producer. Figures released by the Ghana Chamber of Mines show that large-scale mining operations delivered 2.9 million ounces, unchanged from the previous year. The bulk of growth came from artisanal and small scale mining (ASM), which

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Namibia Questions Petrobras–TotalEnergies Offshore Deal Over Lack of Govt Approval

Namibia Raises Legal Concerns Over Petrobras and TotalEnergies Stake Acquisition in Offshore Oil BlockNamibia’s government has raised concerns over a planned acquisition by TotalEnergies and Brazil’s state-owned oil company Petrobras of stakes in an offshore exploration licence, saying it was not formally notified of the transaction as required by law. In a statement issued on Sunday, the Ministry of Industries, Mines and Energy said it had not been informed in advance of the deal and

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Letšeng Diamond Mine Reports 36% Revenue Drop in 2025

Letšeng Mine in Lesotho Sees Sharp Revenue Decline Amid Global Diamond Market Challenges The Letšeng diamond mine in Lesotho, known for producing some of the world’s highest-value diamonds per carat, experienced a significant revenue decline in 2025. Gem Diamonds, the mine’s owner, reported on February 4, 2026, that Letšeng generated $97.7 million, down 36% from $152.8 million in 2024. The drop is attributed to a 14% fall in production and a 20% decrease in the

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TotalEnergies Resumes Mozambique LNG Project After Years of Disruption

TotalEnergies Restarts $20bn Mozambique LNG Project After Five-Year Shutdown Caused by Insurgency TotalEnergies has resumed construction of its flagship Mozambique LNG project in the country’s northern Cabo Delgado province, ending a five-year suspension triggered by a deadly jihadist attack that killed hundreds of people. The Mozambique LNG project, widely regarded as Africa’s largest private-sector energy investment, is expected to generate thousands of jobs and transform Mozambique into a major global exporter of liquefied natural gas.

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Shell Weighs Major Offshore Investment as Confidence Returns to Nigeria

Shell Considers $20bn Investment in Nigeria’s Bonga South West Offshore Oil Project Shell Plc and its partners in Nigeria are evaluating plans to develop a major offshore oil field that could attract up to $20 billion in investment, according to the company’s Chief Executive Officer, Wael Sawan. Sawan said Shell is working with its partners on the Bonga South West project, a deepwater offshore development that could draw approximately $20 billion in foreign direct investment

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Oando Posts Profit Growth on Strong Upstream Performance Despite Revenue Dip

Oando PLC Records 10% Rise in Profit to ₦241.3bn as Upstream Oil and Gas Production Jumps in 2025 Oando PLC has reported a 10 per cent increase in profit after tax to ₦241.3 billion for the year ended 31 December 2025, driven by robust growth in upstream oil and gas production, despite a decline in overall revenue. In its unaudited full-year results, the indigenous energy company recorded a 32 per cent year-on-year increase in upstream

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Mozambique Signals Imminent Restart of ExxonMobil’s $30 Billion Rovuma LNG Project

Mozambique President Says ExxonMobil Likely to Restart $30 Billion Rovuma LNG Project Within 18 Months Mozambique’s President, Daniel Chapo, has indicated that ExxonMobil is expected to restart its $30 billion Rovuma LNG project within the next 12 to 18 months, signalling renewed momentum for large-scale gas development in the country. Chapo made the announcement on Thursday in Cabo Delgado during a ceremony marking the official relaunch of TotalEnergies’ LNG project in the region. He said

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Mozambique and TotalEnergies Officially Resume $20 Billion LNG Project After Security Pause

Mozambique Restarts TotalEnergies’ $20 Billion LNG Project, Marking Major Milestone for African Gas Mozambique and TotalEnergies have formally restarted the French energy major’s $20 billion liquefied natural gas (LNG) project, nearly five years after operations were suspended following security incidents in the country’s northern Cabo Delgado province. In a statement released on Thursday, the office of President Daniel Chapo confirmed that the restart was officially marked at the Afungi project site on Mozambique’s northern coast,

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Zambia to Avoid Prolonged Load-Shedding as Solar Investments Boost Power Supply

Zambia Will Not Return to Extended Load-Shedding, Says Energy Minister as Solar Projects Expand Minister of Energy Makozo Chikote, MP, has assured Zambians that the country will not return to prolonged periods of load-shedding, citing sustained investments in alternative energy sources that are easing electricity supply challenges. Mr Chikote said the diversification of Zambia’s energy mix particularly through solar power is strengthening national energy security and improving resilience to climate-related shocks that have constrained hydropower

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