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International News Renewable Energy

Zambia Breaks Ground on 100 MW Siavonga Solar Project to Strengthen Power Supply

Zambia Launches $80 Million Siavonga Solar Project to Reduce Reliance on Hydropower Zambia has commenced construction of the 100-megawatt Siavonga solar power project, a key initiative aimed at strengthening the national electricity supply and easing pressure on hydropower generation, which has been affected by local and climate-related challenges. The $80 million project is being developed by JIGSCO Energy Corporation Limited, a joint venture between state-owned utility ZESCO and Jigsaw Investments, with Power China appointed as

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International News Oil

Nigeria Launches 2026 Oil and Gas Licensing Round to Attract $10 Billion in Upstream Investment

Nigeria Opens 2026 Licensing Round Offering 50 Oil and Gas Blocks to Boost Upstream Investment Nigeria has officially launched its 2026 upstream licensing round, part of a broader strategy to tackle long-standing underinvestment in the country’s oil and gas sector and across Africa. The Nigerian Upstream Petroleum Regulatory Commission opened the tender in January, making 50 blocks available, including 19 shallow water blocks, 15 onshore blocks, 15 frontier blocks, and one deepwater block. The federal

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International Corporate News Oil Drilling

ReconAfrica Increases Fundraising Target to Advance Namibia Oil Discovery and Regional Exploration

ReconAfrica Raises C$32 Million to Expand Namibia Oil Project and Exploration in Angola and Gabon Reconnaissance Energy Africa Ltd (ReconAfrica), the Canadian-listed oil and gas company, has raised its fundraising target to C$32 million following strong investor demand. The company plans to issue approximately 33.7 million new units at C$0.95 each. Funds from the offering will primarily support ongoing development at the Kavango West 1X oil discovery in northeastern Namibia, preparation for additional drilling, and

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International News Oil

Uganda and Tanzania to Begin Crude Oil Exports via EACOP Pipeline in 2026

East African Crude Oil Pipeline Set to Launch Uganda’s First Oil Exports, Boosting Regional Energy Trade Uganda and Tanzania are preparing to ship their first crude oil through the $5 billion East African Crude Oil Pipeline (EACOP) as early as October 2026, marking a major milestone for the region’s energy sector. The pipeline will provide Uganda with its long-awaited gateway to global oil markets while strengthening Tanzania’s role as a regional energy transit hub. The 1,443-kilometre

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International Corporate News Oil

Dangote Refinery’s Fuel Supply Deal Collapses Amid Pricing Dispute

Dangote Refinery Deal with 20 Oil Marketers Falls Through, Fuel Imports Surge The Dangote Refinery’s pilot supply arrangement with 20 oil marketers, designed to distribute 600 million litres of fuel monthly, has reportedly collapsed. The deal, established in October 2025, aimed to streamline domestic fuel distribution by allocating approximately 30 million litres of gasoline per month to each selected marketer. According to anonymous sources, the breakdown of the agreement was primarily due to disagreements over

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International News Oil Petroleum

Cameroon’s Kribi Refinery Set for Early Start, Strengthening Domestic Fuel Supply

Cameroon’s Kribi Oil Refinery Targets Early Operations in 2026 to Cut Fuel Imports Cameroon’s Kribi oil refinery is on track to begin partial operations in the second half of 2026, nearly two years ahead of its original commissioning timeline. The project represents the country’s first major new oil processing facility in decades and is expected to significantly reduce reliance on imported fuel. The initial phase of the refinery is designed to process up to 10,000

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International News Oil

Benin Prepares to Restart Offshore Oil Production After Nearly Three Decades

Benin to Resume Offshore Oil Production in 2026 as Seme Oilfield Returns to Operation Oil production is set to resume off the coast of Benin for the first time in nearly three decades, as the West African nation prepares to bring the long-dormant Seme oilfield back into operation by the end of January 2026. The restart marks a significant milestone for a country that last produced crude in 1998, when low oil prices and technical

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International Corporate News Gas Oil

Heirs Energies Secures Major Afreximbank Financing to Accelerate Nigeria’s Energy Growth

Heirs Energies Raises $750 Million Afreximbank Facility to Double Oil Output and Boost Gas Supply in Nigeria Nigeria’s efforts to rebuild domestic energy capacity received a significant boost after Heirs Energies secured a $750 million financing facility from the African Export-Import Bank (Afreximbank), marking one of the largest Africa-backed energy transactions concluded this year. The funding is expected to double the indigenous producer’s crude oil output to around 100,000 barrels per day and increase gas

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Corporate News Diamonds International

De Beers Opens Largest-Ever Forevermark Flagship Store in Mumbai

De Beers Expands in India with Opening of Largest Forevermark Diamond Jewellery Store in Mumbai Diamond mining and jewellery group De Beers has opened a flagship store for its Forevermark Diamond Jewellery brand in Mumbai, reinforcing its long-term commitment to the fast-growing Indian luxury market. The 5,000-square-foot store is located at Crest Link in Khar West, a prime destination along Mumbai’s iconic Linking Road. The new flagship reflects Forevermark’s focus on Indian consumers seeking meaningful,

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Corporate News International Oil

OPEC+ Holds Oil Output Steady Amid Market Uncertainty and Geopolitical Tensions

OPEC+ Maintains Oil Production Levels Through Q1 2026 Despite Global Political Turmoil OPEC+ agreed to maintain current oil production levels on Sunday after a brief meeting of key producing nations, reaffirming its decision to keep output unchanged through the first quarter of 2026. The alliance’s members deliberately avoided substantive discussion of ongoing political crises affecting some member states. The virtual meeting involved eight major OPEC+ producers — Saudi Arabia, Russia, the United Arab Emirates (UAE),

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