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Category: International

Corporate News Exploration International Oil

Nigeria Partners with TotalEnergies and Sapetro for Offshore Oil Exploration in Niger Delta

Nigeria Signs Offshore Production-Sharing Contract with TotalEnergies and Sapetro to Boost Exploration Nigeria has signed a production-sharing contract (PSC) with TotalEnergies and local firm South Atlantic Petroleum (Sapetro) for two offshore blocks, aiming to attract investment and accelerate exploration under the country’s new oil framework. As Africa’s largest oil producer, Nigeria seeks to revitalize its upstream sector amid global energy transition pressures and declining fossil fuel investments. The agreement covers petroleum prospecting licences (PPL) 2000

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Corporate News International Oil

Dangote Refinery Sources Crude from Ghana for First Time Amid Diversification Push

Dangote Refinery Expands Feedstock Strategy, Sources Crude from Ghana as Output Nears Full Capacity Nigeria’s Dangote Refinery has, for the first time, sourced crude oil from Ghana, reflecting its ongoing diversification strategy as the $20 billion project works to stabilize output and address speculation about technical setbacks. Since production began, Dangote Refinery has imported crude from Nigeria, Brazil, Angola, Ghana, and Equatorial Guinea, according to Devakumar Edwin, Executive Director at Dangote Industries. Energy intelligence firm

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International Exploration News Oil

Kenya Launches Bidding for 10 Oil Exploration Blocks in First Licensing Round in Six Years

Kenya Opens Bidding for 10 Oil Exploration Blocks with New Petroleum Legislation The East African nation holds a total of 50 blocks across four sedimentary basins, with 10 now ready for marketing, according to Mohamed Liban, Principal Secretary for Petroleum. Petroleum Commissioner Joseph Otieno said the blocks on offer are located in the Anza and Lamu basins. The selection of these blocks was guided by detailed geoscientific data, ensuring a transparent allocation process. The government

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Corporate News Gold International Mergers & Acquisitions

Harmony Gold Expands Internationally with $1.08 Billion Acquisition of MAC Copper

Harmony Gold Acquires Australia’s MAC Copper Mine for $1.08 Billion to Boost Global Copper Portfolio South Africa’s Harmony Gold has taken a major step in its international expansion strategy with the proposed $1.08 billion (R19 billion) acquisition of Australia’s MAC Copper. The transaction, first announced in May 2025, moved closer to completion after MAC Copper shareholders overwhelmingly approved the deal. Headquartered in Randfontein, Harmony Gold is South Africa’s largest gold producer by volume, operating a

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Corporate News International Oil Petroleum

Dangote Refinery Boosts Exports Amid Middle East Refinery Downtime

Dangote Oil Refinery Increases Exports to Middle East as Regional Refinery Shutdowns Create Market Opportunities Africa’s largest oil refinery, the Dangote Oil Refinery in Lekki, has seen a substantial rise in the volume of refined products exported in recent months, particularly to markets in the Middle East. A report by Punch newspaper highlighted that the surge is largely due to downtime at other regional refineries, creating a supply gap that the $20 billion Lekki-based refinery

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International Mining Oil

DRC Launches Workshop to Boost Transparency in Mining, Oil, and Forestry Contract Disclosures

DRC Advances Extractive Sector Transparency with Mining, Oil, and Forestry Contract Disclosure Workshop The EITI-DRC Technical Secretariat launched a two-day workshop on the disclosure of mining, oil, and forestry concession contracts on Thursday, August 28, 2025, at the Lubumbashi Hotel. The workshop is part of the ENCORE Project, funded by the IDA/World Bank through the Ministry of Finance, and aims to strengthen transparency and governance in the Democratic Republic of Congo’s extractive sector. From August

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Corporate News International Oil

Chevron Supports Two-Year Emergency Food Program to Combat Malnutrition in Namibia

Chevron Backs Namibia’s Emergency Food Support Program to Aid Vulnerable Communities Harmattan Energy Ltd. (“Chevron”) has pledged support for a two-year Emergency Food Support Programme in Namibia aimed at addressing acute food insecurity and malnutrition. Developed by Palms for Life in partnership with local organizations and the Office of the Vice President, the program will run from September 2025 to September 2027 across eight regions. It will provide daily nutritious meals to 3,150 highly vulnerable

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Diamonds International News

US Extends Import Deadline for “Grandfathered” Russian Diamonds by One Year

US Delays Deadline for Importing Pre-Sanction Russian Diamonds to September 2026 The United States government has extended the deadline for importing certain “grandfathered” Russian diamonds by one year, postponing the original September 1, 2025 cutoff to September 1, 2026. Following sanctions on Russian-origin diamonds in March 2024, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued General License No. 104. This license allowed U.S. importers to bring in select nonindustrial loose diamonds

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Corporate News Diamonds International

Alrosa Launches AI Technology to Accelerate Diamond Discovery

Alrosa Introduces AI System to Revolutionize Diamond Exploration in Challenging Terrains Alrosa has introduced a cutting-edge artificial intelligence (AI) system aimed at accelerating the discovery of diamond deposits in complex geological environments. The new technology is designed to enhance the accuracy of identifying promising exploration sites while significantly reducing search time and costs. The company estimates that the system could save hundreds of millions of rubles per project. Diamond exploration has slowed in recent decades,

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Diamonds International News

Dubai Police Foil $25 Million Pink Diamond Heist

Dubai Police Arrest Suspects and Recover $25 Million Pink Diamond in High-Stakes Heist Dubai Police successfully intercepted an attempted theft of a 21.25-carat pink diamond valued at $25 million, responding swiftly after the victim reported the crime. Acting on a tip, authorities arrested three suspects within eight hours of the jeweler notifying them and recovered the diamond before it could be smuggled out of the United Arab Emirates (UAE), according to a post on Dubai

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