You are Here

Category: International

Corporate News International Oil

Saipem Secures $260 Million Offshore Drilling Contract in Ivory Coast

Saipem Secures $260 Million Ivory Coast Offshore Drilling Contract as Baleine Development Expands Italian energy services company Saipem has secured a $260 million offshore drilling contract from Eni Côte d’Ivoire for a long-term development drilling campaign off the coast of Ivory Coast. Under the agreement, Saipem will deploy its Santorini drillship, with operations expected to begin in early 2027. The contract includes a firm drilling commitment as well as options for additional work, including the

Loading

Read More Here

International Gas News Oil

Nigeria Approves New Deep Offshore Incentives to Unlock $50 Billion in Investment

Nigeria Approves Deep Offshore Incentives to Unlock $50 Billion in Oil and Gas Investment Nigeria has approved a new deep offshore oil and gas investment framework designed to attract up to $50 billion in fresh investment, revive stalled projects and increase the country’s oil production capacity. Approved by President Bola Ahmed Tinubu, the framework replaces the previous system of project-by-project negotiations with a more transparent and rules-based incentive regime. The government says the new approach

Loading

Read More Here

Corporate News Diamonds International

Lucara Revenue Falls 6% as Karowe Underground Project Advances

Lucara Revenue Falls 6% to $41 Million as Karowe Underground Project Advances Toward 2028 Production Botswana-focused diamond producer Lucara Diamond Corp. reported a 6% year-on-year decline in second-quarter revenue to $41 million, mainly due to lower carat sales and a weaker average price for diamonds weighing less than 10.8 carats. The company recovered 90,082 carats during the quarter, including 176 special diamonds weighing more than 10.8 carats. The period also included the sale of the

Loading

Read More Here

International News Oil

Nigeria Offers Fresh Cawthorne Crude Cargo as Middle East Tensions Reshape Oil Markets

Nigeria Offers 950,000-Barrel Cawthorne Crude Cargo as Middle East Tensions Boost West African Oil Demand Nigeria is preparing to sell another 950,000-barrel cargo of Cawthorne crude, as the country seeks to build international demand for its newest oil grade amid heightened volatility in global energy markets. The Nigerian National Petroleum Company (NNPC) has issued a tender for the Cawthorne cargo, which is scheduled to load on September 21–22. The shipment will be sold on a

Loading

Read More Here

International News Oil

Nigeria Bets $10.7 Billion on a Modular Refining Boom

Nigeria Targets $10.7 Billion in Modular Refinery Investment to Expand Refining Capacity Nigeria is emerging as a global hotspot for refinery development, with $10.74 billion in modular refinery investments expected to be deployed between 2026 and 2030 as the country accelerates efforts to expand domestic fuel production. According to Industrial Info Resources (IIR), Nigeria is expected to lead the world in new refinery construction during the period, with 24 grassroots refinery projects currently planned to

Loading

Read More Here

International Corporate News Gas

Dana Gas Gains Momentum as Egypt Operations Return to Growth

Dana Gas Boosts Egypt Production as Drilling Success and Payments Strengthen Operations Dana Gas is seeing renewed momentum in Egypt after stronger production, successful drilling results and the full settlement of overdue receivables strengthened the company’s outlook for further investment. The UAE-based gas producer said it received an additional $21.5 million from the Egyptian Government, bringing all overdue receivables in the country to full settlement. The company also highlighted improved fiscal conditions, stronger government cooperation

Loading

Read More Here

Corporate News International Oil

Shell Revives Namibia Exploration Plans After Strong Offshore Results

Shell Expands Namibia Offshore Exploration After Strong PEL 39 Oil Discovery Shell is reassessing its exploration strategy in Namibia following encouraging results from its offshore operations, renewing interest in the country’s highly prospective Orange Basin. The move signals a shift in the energy major’s outlook after earlier challenges raised questions about the commercial potential of some of its Namibian discoveries. Shell holds a 45% operating interest in Petroleum Exploration Licence 39 (PEL 39), alongside QatarEnergy

Loading

Read More Here

International Corporate News Oil

Tema Oil Refinery Returns to Full Operations Independently

Ghana’s Tema Oil Refinery Resumes Full Operations After Processing 1 Million Barrels of Jubilee Crude Ghana’s Tema Oil Refinery (TOR) has returned to full operations, marking a significant step in the country’s efforts to strengthen domestic refining capacity and improve energy security. The state-owned refinery has successfully restored operations at its Crude Distillation Unit (CDU), following extensive refurbishment and turnaround maintenance. The restart is particularly significant because TOR has achieved the milestone without a financial

Loading

Read More Here

International News Oil

Uganda’s Tilenga and Kingfisher Oil Projects Near Completion Ahead of First Oil

Uganda’s Tilenga, Kingfisher Projects Near 80% Completion as First Oil Approaches Uganda’s two major oil developments are nearing completion, with the Tilenga Project reaching 74% progress and the Kingfisher Project 79% complete as the country moves closer to its first commercial oil production. According to progress updates as of June 30, 2026, Tilenga has drilled 234 wells, exceeding the 170 wells required to begin production. Kingfisher has also advanced significantly, with its central processing facility

Loading

Read More Here

International News Renewable Energy

Sun King Plans US$50 Million Investment to Expand Solar Access in Madagascar

Sun King to Invest US$50 Million in Madagascar Off-Grid Solar Expansion Off-grid solar company Sun King plans to invest up to US$50 million in Madagascar over the next five years, targeting the expansion of affordable electricity access to underserved households across the country. The investment is expected to support the rollout of solar home systems and help deliver 1.5 million new electricity connections by 2030, strengthening access to reliable power in communities beyond the reach

Loading

Read More Here

1 2 3 4 5 6 … 245