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Category: International

Oil International News

Nigerian Billionaire Arthur Eze Secures Four Offshore Oil Blocks in Liberia

Arthur Eze’s Atlas Oranto Petroleum Wins Four Offshore Exploration Blocks in Liberia, Boosting West Africa’s Oil Sector Nigerian billionaire Prince Arthur Eze has secured four offshore exploration blocks in Liberia through his company, Atlas Oranto Petroleum Limited, marking a significant milestone for Liberia’s long-stalled energy sector. The Liberia Petroleum Regulatory Authority (LPRA) and Atlas Oranto Petroleum International Ltd. signed four Production Sharing Contracts (PSCs) in Paris — Liberia’s first major upstream oil agreements in over

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Renewable Energy International News

EU Launches €545 Million Renewable Energy Fund to Power Africa’s Future

European Union Announces €545 Million Renewable Energy Package to Boost Electrification in Africa The European Union has announced a €545 million ($638 million) renewable energy investment package aimed at accelerating electrification, modernizing power grids, and improving access to clean energy across Africa. Despite Africa’s vast renewable energy potential, nearly 600 million people on the continent still live without electricity. The European Commission stated that this initiative could help create up to 38 million green jobs

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Diamonds International News

Botswana Launches Emergency Diamond Auction to Boost Revenues Amid Market Slump

Botswana Holds Rare Diamond Auction as Global Gem Demand Weakens Botswana is staging an unprecedented diamond auction in a bid to shore up government revenues battered by a prolonged slump in the global gems market. The state-owned Okavango Diamond Company (ODC) is offering about 1 million carats of rough diamonds in a one-off “closed” tender, ODC spokesperson Dennis Tlaang confirmed on Thursday. Unlike the company’s regular auctions—planned well in advance for registered buyers—this ad-hoc sale

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Corporate News Diamonds International

Petra Diamonds Seeks Further Extension for Refinancing Commitment Agreement

Petra Diamonds Extends Refinancing Deadline Again as Talks Continue with Senior Lender London-listed Petra Diamonds has announced that it requires a further extension to finalise the terms of a commitment agreement with a senior secured bank lender as part of its ongoing refinancing plans. The original deadline for entering into a commitment letter under the terms of a lock-up agreement was extended from September 10 to September 24. However, full agreement on terms has not

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Corporate News Gold International

Newmont Achieves First Gold at Ahafo North Mine in Ghana

Newmont Pours First Gold at Ahafo North Project in Ghana, Commercial Output Set for Q4 2025 Gold producer Newmont has poured its first gold at the Ahafo North project in Ghana, marking a major milestone on September 19, 2025, as the company advances toward commercial production in the fourth quarter of this year. “The first gold pour at Ahafo North represents a major operational milestone that validates years of careful planning, engineering, and construction, and

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Corporate News Gas International

ExxonMobil Stresses Security as Key to Mozambique LNG Project in Cabo Delgado

ExxonMobil Says Mozambique LNG Project Could Begin by 2030 if Cabo Delgado Security Improves US energy giant ExxonMobil has reaffirmed that security remains the decisive factor for advancing its multi-billion-dollar LNG project in Cabo Delgado, northern Mozambique. The company is leading the construction and future operation of natural gas liquefaction and related facilities for Area 4, one of the Rovuma Basin’s largest offshore blocks. The project is operated by Mozambique Rovuma Venture (MRV), a joint

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International Corporate News Gas

ExxonMobil Ties Mozambique LNG Project to Cabo Delgado Security Improvements

ExxonMobil Confirms Mozambique LNG Production Could Begin by 2030 if Cabo Delgado Security Improves ExxonMobil’s general manager in Mozambique, Arne Gibbs, has said that the company’s gas project in Cabo Delgado will only move forward if the security situation in the province continues to improve. The region, rich in natural gas reserves, has faced terrorist attacks since 2017. Speaking at the 10th Mozambique Gas and Energy Summit and Exhibition in Maputo, Gibbs stressed that “the

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International Gas News

Mozambique to Launch $7.2 Billion Coral Norte LNG Project in October

Mozambique Greenlights $7.2 Billion Coral Norte LNG Project, Backed by Eni, to Boost Gas Exports Mozambique will officially launch the $7.2 billion Coral Norte natural gas project next month in the Rovuma Basin’s Area 4, President Daniel Chapo announced on Monday during the Global Energy Alliance meeting in New York, held alongside the 80th United Nations General Assembly. Construction of Coral Norte is set to begin in October 2025, led by Italian energy major Eni.

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International News Renewable Energy

EBRD Approves $74.1 Million for 200 MW Ras Ghareb Wind Farm to Boost Egypt’s Renewable Energy

EBRD Backs 200 MW Ras Ghareb Wind Farm, Advancing Egypt’s 10 GW Renewable Energy Target by 2028 The European Bank for Reconstruction and Development (EBRD) has approved $74.1 million to develop a 200 MW wind farm in Ras Ghareb, reinforcing Egypt’s ambitions to expand its renewable energy capacity. The project will be led by Infinity Power and Masdar, supported by a senior EBRD loan of up to $60.7 million, a $3.38 million concessional loan from

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Oil International News

Libya Aims to Double Oil Production to 2 Million Barrels per Day by 2027

Libya Targets 2 Million Barrels per Day as NOC Seeks $4 Billion Investment to Boost Oil and Gas Output Libya plans to nearly double its oil production to two million barrels per day by 2027, according to Farhat Bengdara, head of the National Oil Company (NOC). Speaking to Sky News Arabia, Bengdara said Libya currently produces about 1.2 million barrels per day and anticipates revenues of $35–$37 billion this year. He emphasized that the country

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