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Category: International

Renewable Energy International News

Morocco Approves $32.5 Billion in Green Hydrogen Projects to Boost Industrial Output

Morocco has approved green hydrogen projects worth 319 billion dirhams ($32.5 billion) to support the production of ammonia, steel, and industrial fuel, marking a major step toward energy transition and economic growth. A Moroccan government committee has chosen leading international firms to spearhead the development of green ammonia, including U.S.-based Ortus, Spain’s Acciona, and Germany’s Nordex, according to a statement from the Prime Minister’s Office. However, project timelines and funding details remain undisclosed. Additionally, the

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Corporate News International Oil

Seplat Energy to Invest $320 Million in Production Boost and Infrastructure Upgrades

Seplat Energy has announced plans to invest up to $320 million in 2024, focusing on drilling new wells and upgrading infrastructure as part of its strategy to boost oil production. This follows Seplat’s acquisition of Exxon Mobil’s Nigerian assets, with the company aiming to more than double its output to 140,000 barrels per day (bpd). In October 2023, Seplat obtained government approval for a 40% stake in four oil mining leases, as well as key

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International Gold News

Mali Suspends New Mining Permits Amid Safety and Regulatory Overhaul

Mali, Africa’s second-largest gold producer, has suspended the issuance of new mining permits to foreign companies following a tragic mining accident that claimed over 40 lives. The decision, announced by the Council of Ministers, also includes a ban on issuing artisanal mining permits to foreign nationals while investigations continue. The collapse of an illegal gold mine near Kéniéba in the western Kayes region last month resulted in the deaths of at least 43 people, mostly

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International News Oil

Nigeria Expands Refining Capacity with New Refineries and Upgrades

Nigeria is making significant progress in boosting its crude oil refining capacity through new refinery projects and the rehabilitation of existing state-owned facilities. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued licenses for three new refineries, expected to add 140,000 barrels per day (bpd) to the country’s refining capacity. The newly licensed refineries include: These projects align with Nigeria’s goal of reducing dependence on imported petroleum products and enhancing local refining capabilities.

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Oil International News

Chinese Firms Eye Nigeria’s Oil Sector Amid Strengthening Bilateral Ties

A total of 216 Chinese companies have expressed interest in investing in Nigeria, with 74 firms specifically targeting opportunities in the oil and gas sector, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The Chairman of the House of Representatives Committee on Nigeria-China Relations, Jaafaru Yakubu, highlighted this development during a meeting with NUPRC Chief Executive Gbenga Komolafe. He noted that the surge in interest follows the recent signing of the Nigeria-China Relationship Agreement,

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Corporate News Diamonds International

Debswana Accelerates Sustainability Drive with Decarbonization and Renewable Energy Initiatives

Debswana Diamond Company is advancing its sustainability efforts to meet the rising global demand for ethically and environmentally sourced diamonds. The mining giant is intensifying its transition to a low-carbon future by enhancing operational efficiencies, adopting renewable energy, and advocating for regulatory reforms. Speaking on the company’s sustainability strategy, Debswana’s Executive Head of Safety and Sustainability, Mpho Mosate, underscored the company’s commitment to reducing emissions. “As a high-production entity, we recognize our responsibility to minimize

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Diamonds International News

Botswana Diamonds Secures Mining Permit for Thorny River Project

Botswana Diamonds (LON: BOD) has successfully secured a mining permit for its Thorny River project in South Africa’s Limpopo province, marking a significant step toward potential diamond production. Located near the depleted Marsfontein diamond mine, Thorny River has undergone extensive geological exploration, including geophysics, drilling, and bulk sampling. Early results indicate that the geology and grades at Thorny River are comparable to those at the past-producing Klipspringer mine to the west. Previously, Botswana Diamonds operated

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Oil Gas International News

Egypt Opens New Investment Opportunities in Oil and Gas Sectors

The Ministry of Petroleum and Mineral Resources (MoPMR) has announced a new round of investment opportunities, inviting bids for seven undeveloped fields in the Mediterranean Sea and six exploration blocks in the Gulf of Suez and Western Desert. This initiative is part of Egypt’s strategy to boost oil and gas output. The bidding process will be facilitated through the Egypt Upstream Gateway (EUG) platform, and bids will remain open until May 4, 2025. This announcement

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Corporate News International Oil

SBM Offshore Targets Deepwater Growth in Namibia with Strategic Outlook for 2025 and Beyond

SBM Offshore is positioning itself for significant deepwater developments in Namibia as part of its strategic outlook for 2025 and beyond, capitalizing on its strong project visibility in the offshore sector. The company is confident in the promising outlook for key markets such as Brazil, Guyana, Suriname, and Namibia, driven by ongoing exploration activities. “As deepwater developments often emerge after years of extensive exploration, we already have strong visibility on projects for 2025 and 2026.

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Corporate News International Oil

Dangote Refinery Secures First Algerian Crude Amid Supply Challenges

Dangote Refinery has made its first purchase of Algeria’s light sweet Saharan Blend crude, acquiring a 1 million-barrel cargo from Glencore, according to market sources cited by Argus Media. Delivery is expected between March 15 and 20. The $20 billion, 650,000-barrel-per-day refinery, built by Africa’s richest man, Aliko Dangote, began producing diesel, naphtha, and jet fuel in January last year, with petrol production following in September. On February 10, Dangote Industries Limited Vice President Edwin

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