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Category: International

Corporate News International

Chevron’s Kapana 1-X Exploration Well in Namibia Yields No Commercial Hydrocarbons

Harmattan Energy, an indirect subsidiary of Chevron, recently drilled the Kapana 1-X exploration well in Namibia’s Orange Basin, but the well did not yield commercial quantities of hydrocarbons. Despite this, the operation provided valuable geological insights, enhancing confidence in future exploration efforts in the region. Chevron had previously obtained an Environmental Clearance Certificate (ECC) from Namibia’s Ministry of Environment, Forestry, and Tourism, enabling it to spud up to ten wells in the country over the

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Corporate News International Oil

Eni CEO Pledges Expanded LNG Operations in Mozambique

Eni CEO Claudio Descalzi has assured Mozambican President Daniel Chapo of plans to expand the Liquefied Natural Gas (LNG) project in the Rovuma Basin, elevating Mozambique’s presence on the global LNG stage. In a congratulatory letter following Chapo’s inauguration, Descalzi reaffirmed Eni’s commitment to strengthening its strategic partnership with Mozambique. He emphasized the company’s dedication to supporting Mozambique’s long-term development through local content initiatives, energy transition efforts, and the implementation of the Coral Norte FLNG

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International Gas Oil

Global Energy Giants Drive Expansion in Libya’s Oil and Gas Sector

Libya’s National Oil Corporation (NOC) and global energy companies TotalEnergies, Eni, OMV, Repsol, and Nabors unveiled ambitious strategies to enhance oil and gas production during the Libya Energy & Economic Summit 2025, held on January 18. TotalEnergies highlighted its exploration progress in Libya’s Sirte and Murzuq basins.“Libya holds 40% of Africa’s reserves, yet much remains untapped,” stated Julien Pouget, Senior Vice President for the Middle East and North Africa. The company plans to finalize an

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Diamonds Exploration International Mining Projects

Botswana Diamonds Advances Exploration with New Prospecting License Applications

London-listed Botswana Diamonds has applied for three new prospecting licences to secure key anomalies identified by its recent AI-driven exploration programme. In December, the company’s AI analysis pinpointed seven kimberlite anomalies. Botswana Diamonds already holds a licence over one of these targets and has now applied for licences covering three additional anomalies. The newly identified areas are located in: One particularly promising anomaly lies south-west of Debswana’s Jwaneng mine. Its signatures suggest the presence of

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International Corporate News Oil

Dangote Refinery Nears Full Capacity Amid Crude Supply Challenges

The $20 billion Dangote Refinery is on track to achieve its full refining capacity of 650,000 barrels per day (bpd) in the coming months. According to recent disclosures from refinery officials, the facility is currently processing 500,000 bpd and aims to reach its maximum capacity by June this year. A significant obstacle preventing the refinery from hitting its full capacity has been the insufficient supply of crude oil from the Nigerian market. To address this

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International News Oil

Rwanda Announces First Oil Discovery in Lake Kivu

Rwanda has confirmed its first-ever oil discovery, identifying 13 reservoirs in Lake Kivu, which lies along its border with the Democratic Republic of Congo (DRC). “We have oil,” announced Francis Kamanzi, CEO of the Rwanda Mines, Petroleum, and Gas Board, during a parliamentary hearing, as reported by local media outlet Igihe. The discovery follows more than a decade of exploration efforts in the lake. Kamanzi expressed optimism about uncovering additional reserves, noting the significant oil

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Diamonds International News

Botswana Extends Botswana Diamonds’ Prospecting Licences to 2026

Botswana has renewed two prospecting licences held by London-listed Botswana Diamonds—licence numbers 224/2007 and 169/2019—for an additional two years, extending their validity to December 31, 2026. The licences cover the KX36 kimberlite discovery and several high-grade geophysical anomalies, with authorisation granted for drilling. KX36, a 3.5-hectare kimberlite pipe, boasts an indicated resource of 17.9 million tonnes at a grade of 35 carats per hundred tonnes (cpht) and an inferred resource of 6.7 million tonnes at

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Corporate News Gold International

Mali’s Gold Seizure Forces Barrick Gold to Suspend Operations at Loulo-Gounkoto

Barrick Gold has announced the temporary suspension of operations at its Loulo-Gounkoto mining complex in Mali after the Malian government seized three metric tons of gold, valued at approximately $245 million, over the weekend. The gold, confiscated on Saturday and transported by Air Force helicopters, is being sent to the state-owned Banque Malienne de Solidarité (BMS) in Bamako, according to sources. This action follows a court-ordered seizure issued by Judge Boubacar Moussa Diarra, based on

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Corporate News Gold International

Mali Seizes Barrick Gold’s Assets Amid Growing Tensions in Mining Sector

Mali has begun removing gold from Canadian mining giant Barrick Gold’s Loulo-Gounkoto mine using helicopters, according to four sources familiar with the situation. The operation, which started on Saturday, had transported approximately three metric tons of gold as of Monday, two sources told Reuters. One source estimated the value of the seized gold at $245 million. This dramatic move highlights escalating tensions in Mali’s mining sector as the government tightens its grip on resources, seeking

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Oil Corporate News International

Nigeria’s Rising US Oil Imports and the Dangote Refinery’s Impact on Global Crude Flows

In an uncommon move for an oil-producing nation, Nigeria—a significant net exporter of petroleum—imported 47,000 barrels of US crude oil per day in 2024. Experts attribute this shift to the operations of the Dangote Petroleum Refinery and changing global crude trade patterns. The emergence of the Dangote Petroleum Refinery, the world’s largest single-train refinery with a capacity of 650,000 barrels per day, has altered Nigeria’s crude supply dynamics. In 2024, the refinery turned to international

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