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Category: International

International Corporate News Mergers & Acquisitions Oil

Nasan Energies Completes Acquisition of Divested Vivo Energy Service Stations in Namibia

Nasan Energies Acquires Former Engen and Shell Service Stations as Vivo Energy Completes Regulatory Divestment in Namibia Nasan Energies has completed the acquisition of divested Engen- and Shell-branded service stations from Vivo Energy Namibia following approval by the Namibian Competition Commission. The acquisition concludes a divestment process tied to Vivo Energy’s purchase of Engen Limited from Petronas in May 2024. As part of the regulatory conditions attached to the transaction, Vivo Energy was required to

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International News Oil

Impact Oil & Gas Splits Assets in Strategic Restructuring to Prioritize Namibian Oil Development

Impact Oil & Gas Restructures Portfolio, Separating South African Assets to Focus on Namibia’s Venus Project Impact Oil & Gas has agreed to restructure its business by separating its South African and Namibian assets into distinct corporate entities, in a move aimed at streamlining operations and strengthening its investment focus on offshore development projects. The company has signed a share purchase agreement with IOG Energies, a wholly owned subsidiary of Deepkloof and Impact Oil &

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International Renewable Energy

Eskom Begins Major Solar Rollout at Lethabo Power Station Under R1.2 Billion Green Energy Plan

Eskom Launches R1.2 Billion Solar Project to Transform Coal Power Stations into Renewable Energy Hubs Eskom has launched a R1.2 billion renewable energy initiative aimed at integrating solar power into its existing coal-fired power station network, starting with a 75 MW solar facility at the Lethabo Power Station in the Free State. The project marks the beginning of Eskom Green’s broader strategy to convert selected coal plant sites into hybrid energy hubs, combining traditional infrastructure

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Diamonds Corporate News International

Petra Diamonds Restructures Operations as Weak Diamond Prices Pressure South African Mines

Petra Diamonds Places Finsch Mine Under Business Rescue Amid Prolonged Diamond Market Weakness London-listed Petra Diamonds has placed its Finsch mine in South Africa under business rescue as part of a broader restructuring effort aimed at stabilizing the company amid continued weakness in the global diamond market. The decision comes as the company faces sustained pressure from declining diamond prices, a stronger South African rand, and weakening demand for smaller-sized stones. Petra Diamonds Chief Executive

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Diamonds International News

DRC Launches New Diamond Company to Strengthen Local Processing and Exports

DRC Approves ADEX RDC SA Joint Venture to Boost Diamond Processing and Local Value Addition The Democratic Republic of Congo (DRC) has approved the creation of ADEX RDC SA, a new joint venture aimed at modernizing and strengthening the country’s diamond sector through increased local value addition. The decision was taken during the 91st ordinary meeting of the Council of Ministers held on Friday, May 29, 2026, in Kinshasa. The proposal was presented by the

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Diamonds Corporate News International Mining Personality

Akinwumi Adesina to Lead Botswana’s Diamonds for Development Fund

Botswana and De Beers Name Akinwumi Adesina Chair of Diamonds for Development Fund The Government of Botswana and De Beers Group have appointed Dr. Akinwumi Adesina, former President of the African Development Bank (AfDB), as Chairperson of the Diamonds for Development Fund (DDF), a landmark initiative aimed at transforming Botswana’s diamond wealth into long-term economic and social benefits. Dr. Adesina, a globally respected development economist with nearly four decades of experience, served as the eighth

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International News Renewable Energy

Africa’s Solar Boom Drives 83% Surge in Chinese Panel Imports Amid Worsening Power Shortages

African Demand for Chinese Solar Equipment Surges 83% as Energy Crisis Accelerates Renewable Transition Africa’s deepening electricity shortages and rising energy costs are fueling a sharp increase in demand for Chinese solar equipment, further consolidating China’s dominance in the global renewable energy supply chain. New customs data released by China shows that exports of solar cells and panels to African countries rose 83% year-on-year in April, reaching 123,787 metric tonnes, up from 67,552 tonnes during

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International Diamonds News

Zimbabwe Aims to Increase Diamond Production Amid Weak Global Prices and Industry Challenges

Zimbabwe Targets 5 Million Carats Diamond Output Despite Global Price Decline and Market Pressures Zimbabwe Consolidated Diamond Company says it plans to raise diamond production to 5 million carats this year, despite continued weakness in global diamond prices and rising competition from synthetic stones. The target represents an increase of about 1.2 million carats compared with production levels in 2025, even as the global diamond industry faces sustained pressure from geopolitical tensions, shifting demand patterns,

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International Corporate News Oil

BW Energy Advances MaBoMo Phase 2 Development to Boost Output at Dussafu Field

BW Energy Targets July 2026 Drilling Start for Dussafu Phase 2 Development Offshore Gabon BW Energy is preparing to begin drilling for the MaBoMo Phase 2 development on the Dussafu license offshore Gabon, with operations expected to start around July 2026. The campaign will initially target four production wells using the existing BW MaBoMo mobile production unit. The company is also evaluating plans for two additional appraisal wells as part of ongoing field development optimisation.

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International Corporate News Oil

ExxonMobil Advances Nigeria Deepwater Expansion with Owowo Project FID Timeline

ExxonMobil Targets 2026 Final Investment Decision for $7–8 Billion Owowo Deepwater Project in Nigeria ExxonMobil is targeting a final investment decision (FID) for its Owowo deepwater development offshore Nigeria in early 2026, with the project estimated to cost between $7 billion and $8 billion. According to S&P Global, ExxonMobil Vice President for Deepwater Offshore Hunter Farris confirmed the timeline, noting that 2026–2027 will be critical years for engineering work, regulatory approvals, and coordination with the

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