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Category: International

Diamonds Corporate News International

Venetia Mine Marks Major Safety Milestone with 13 Million Fatality-Free Shifts

De Beers Group’s Venetia diamond mine in Limpopo, South Africa, has reached a remarkable milestone of 13 million fatality-free shifts. This achievement places Venetia among a select group of mining operations in Southern Africa known for sustained excellence in safety performance. The milestone reflects the steadfast dedication of the mine’s employees, contractors, and leadership to fostering a safe and supportive work environment. Over the years, Venetia has implemented numerous proactive safety initiatives focused on building

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Corporate News Exploration International Oil

Shell Gets Green Light to Drill Offshore South Africa as Exploration Interest Grows in Orange Basin

Shell Approved to Drill Deep-Water Wells Off South Africa’s West Coast in Promising Orange Basin Shell has secured environmental approval to drill up to five deep-water wells off the west coast of South Africa, marking a major step forward in the country’s offshore oil and gas exploration. The approved wells will be located in the Northern Cape Ultra Deep Block within the Orange Basin, an area with water depths ranging from 2,500 to 3,200 meters.

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Oil International News

New Well in Libya’s Zliten Field Boosts Oil Output and Showcases Local Expertise

Libya’s Zliten Field Adds 1,985 Barrels/Day as SOPC Completes New Horizontal Well A newly drilled well in Libya’s Zliten oil field is now producing a steady 1,985 barrels of crude oil per day, marking a significant advancement in the country’s upstream energy operations. Masoud Suleiman, interim president of Libya’s National Oil Corporation (NOC), commended the Sirte Oil and Gas Production and Processing Company (SOPC) for the successful drilling and testing of the C357H-6 horizontal well,

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Gas Exploration International News

Egypt to Launch New Gas Exploration Licensing Round in August

Egypt to Offer Offshore and Onshore Gas Exploration Blocks to International Firms in August Egypt is set to allocate a new round of gas exploration blocks to international energy companies in August, as part of its ongoing strategy to boost natural gas production and attract foreign investment into the country’s energy sector. The upcoming concessions include large onshore and offshore areas, primarily located in the northern and northeastern regions, with significant portions situated in the

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International Oil

Backbone Infrastructure to Build $15B Oil Refinery and Free Trade Zone in Ondo State

Backbone Infrastructure Nigeria Limited (BINL) has announced plans to develop a $15 billion crude oil refinery and launch a free trade zone in Ondo State, in partnership with the state government. T he project aims to drive economic growth, reduce Nigeria’s trade deficit, and enhance the country’s refining capacity. BINL confirmed it will construct and operate a 500,000-barrel-per-day refinery within the Sunshine Industrial Park and Free Trade Zone, located in Ilaje Local Government Area. The

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Corporate News International Oil

Dangote Refinery Expands into Namibia with 1.6M-Barrel Fuel Storage to Supply Southern Africa

Dangote Refinery to Build Major Fuel Storage Facility in Namibia to Boost Southern Africa Distribution Dangote Petroleum Refinery is set to build a large-scale fuel storage facility in Namibia with the capacity to hold over 1.6 million barrels of gasoline and diesel, according to two sources cited by Reuters. The project marks a significant step in the company’s strategy to expand its fuel distribution network across Southern Africa and reshape regional energy trade. The planned

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Expos & Events Corporate News International

OPEC Must Lead the Charge to Reverse Global Fossil Fuel Financing Bans

The African Energy Chamber (AEC), the voice of the African energy sector, urges OPEC member states and their allies to take decisive action to reverse global bans on fossil fuel financing and champion Africa’s right to develop its oil and gas resources. As the 9th OPEC International Seminar convened on Tuesday in Vienna, the Chamber reiterated that it is time to urgently put upstream financing back on the table and push back against policies that

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International Corporate News Energy

Kosmos Energy Begins LNG Exports from Mauritania-Senegal GTA Project as Output Hits 2.4M Tonnes

Kosmos Energy Launches Commercial Operations at Greater Tortue Ahmeyim LNG Project Kosmos Energy has officially commenced commercial operations at the Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project, located offshore Mauritania and Senegal, marking a major milestone for West Africa’s energy sector. According to a statement from Kosmos—listed on both the NYSE and LSE—the project’s floating LNG production unit, Gimi, has reached its Commercial Operations Date under a 20-year Lease and Operate Agreement. The

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Corporate News Gold International

Mali Military Airlifts $107M in Gold from Barrick’s Loulo-Gounkoto Mine to Fund Operations

A Malian military helicopter transported gold from Barrick Gold’s (NYSE: GOLD) Loulo-Gounkoto mining complex on Thursday, according to a report by Reuters. The airlift follows a court-appointed administrator’s decision to sell the site’s bullion to help finance ongoing operations. According to the report, the helicopter landed at the mine’s tree-lined airstrip and was met by the site’s security team. The personnel were then escorted to the plant’s gold room, where the bullion was loaded. The

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International News Oil

Global Oil Giants Compete in Libya’s Revived Energy Bid Round

Top international oil companies, including ExxonMobil, Chevron, TotalEnergies, and Eni, are actively competing in Libya’s newly reopened oil and gas licensing round, according to Masoud Suleman, Chairman of the National Oil Corporation (NOC). This marks Libya’s first major bid round since the country descended into civil conflict following the fall of Muammar Gaddafi in 2011. The renewed offering has attracted strong interest from a wide array of global energy firms, signaling a potential turning point

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