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Category: International

International Gas Oil

Liberia Opens 2026 Offshore Licensing Round to Attract Oil and Gas Investment

Liberia Offers 14 Offshore Blocks as 2026 Licensing Round Targets Deepwater Exploration Investment Liberia has advanced its efforts to attract investment into offshore oil and gas exploration through its 2026 licensing round, offering prospective investors access to geological data covering the Liberia and Harper basins. The Liberia Petroleum Regulatory Authority (LPRA) is leading the licensing process, supported by more than 50,000 line-kilometres of two-dimensional (2D) seismic data and over 31,000 square kilometres of three-dimensional (3D)

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International Corporate News Oil

Tullow Oil Secures Rig Contract for Ghana’s Next Drilling Campaign

Tullow Oil Plans Up to 10 New Wells in Ghana Under 2027–2028 Drilling Programme Tullow Oil has signed a rig contract to drill up to 10 wells in Ghana under its 2027–2028 drilling programme, as the company seeks to sustain production and identify further development opportunities at its offshore oilfields. The rig is expected to arrive in Ghana around mid-2027. Tullow plans to use four-dimensional (4D) seismic data, alongside additional information from an Ocean Bottom

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International Corporate News Oil

Viridien and ONHYM Partner to Advance Morocco’s Hydrocarbon Exploration

Viridien and Morocco’s ONHYM Join Forces to Improve Subsurface Data and Unlock Exploration Opportunities Geoscience technology company Viridien has signed a multi-client collaboration agreement with Morocco’s Office National des Hydrocarbures et des Mines (ONHYM) to improve subsurface data analysis and support hydrocarbon exploration across the country’s onshore and offshore sedimentary basins. Announced on 7 October 2026, the agreement establishes a framework for the two organisations to develop integrated subsurface data and advanced analytics to improve

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International Corporate News Renewable Energy

Kamoa-Kakula Cuts Diesel Consumption by 40% with Solar Power

Ivanhoe Mines’ Kamoa-Kakula Copper Complex Reduces Diesel Use as 60 MW Solar-Battery System Reaches Full Capacity Kamoa-Kakula, the copper mining complex in the Democratic Republic of the Congo (DRC), has reduced diesel consumption by its on-site generators by 40% following the commissioning of new solar power and battery storage facilities. According to third-quarter results released by Ivanhoe Mines on 8 October 2026, diesel consumption fell by 40% in September compared with July as the solar

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International Corporate News Oil

DRC Approves Fuel Supply Framework Involving Dangote Refinery and SOCIR

DR Congo Plans US$100 Million UBA Credit Facility to Finance Fuel Imports from Dangote Refinery The Democratic Republic of the Congo (DRC) has approved a proposed fuel supply arrangement involving Nigeria’s Dangote refinery, the state-backed Congolese Refining Industries Company (SOCIR) and United Bank for Africa (UBA), as the government seeks to strengthen the country’s petroleum supply chain. The arrangement was approved by the Council of Ministers on 9 October 2026 following a proposal presented by

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Energy Corporate News International Oil

Sasol Leads Emerging-Market Peers as Oil Rally Boosts Coal-to-Liquids Business

Sasol Shares Surge Nearly 120% as Oil Prices Boost South African Coal-to-Liquids Producer South Africa’s Sasol has emerged as the top-performing emerging-market stock outside Asia this year, benefiting from higher oil and chemicals prices and its coal-to-liquids business. The company has delivered investors a dollar return of almost 120% this year, following a 45% gain in 2025, putting it on track for its strongest annual performance since at least 1991. Sasol’s performance follows a significant

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Corporate News Diamonds International

Petra Diamonds Appoints Questco for Strategic Review

Petra Diamonds Appoints Questco as Company Considers Asset Sales Amid Liquidity Pressure London-listed Petra Diamonds has appointed South African corporate advisory firm Questco Corporate Advisory to manage a strategic review as the diamond producer explores options to address its near-term liquidity needs. The appointment follows Petra’s decision last week to undertake a strategic review after consultations with key stakeholders, including its first- and second-lien creditors. The review will consider all potential options available to the

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International Mining News

US Funds Study for DRC Copper and Cobalt Refinery

US Funds Pre-Feasibility Study for DRC’s 30,000-Tonne Copper and 5,000-Tonne Cobalt Refinery The US Trade and Development Agency (USTDA) has signed an agreement with Congolese mineral processor Buenassa Resources to fund a pre-feasibility study for a proposed copper and cobalt refinery in Lualaba Province. The study will assess potential sources of feedstock, establish the refinery’s technical design and determine the economic and financial requirements for its development. USTDA has not disclosed the value of the

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International Corporate News Oil

Dangote to Proceed with Kenya Refinery Groundbreaking Despite Court Order

Dangote to Proceed with US$16 Billion Kenya Refinery Groundbreaking Despite Land Court Order Dangote Group said a Kenyan court order over a land dispute would not stop the planned groundbreaking of its US$15–16 billion oil refinery in Lamu, although some activities at the site could be affected. The planned refinery, with a capacity of 700,000 barrels per day, is scheduled to begin construction following a groundbreaking ceremony on Wednesday, September 30, attended by Dangote Group

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Corporate News Gas International

ReconAfrica Identifies Liquid-Potential Gas at Namibia’s Kavango Well

ReconAfrica Finds Thermogenic Gas with Liquid Potential at Kavango West Well in Namibia Reconnaissance Energy Africa (ReconAfrica) has identified thermogenic natural gas with liquid potential at its Kavango West 1X Sidetrack (KW1X) discovery well in northeastern Namibia. Flow-test samples from the Huttenberg and Elandshoek formations indicated gas with maturity ranging from the late oil to early gas window. The results support the presence of a potentially liquids-rich petroleum system, although further testing is required to

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