You are Here

Category: News

International Gas News Oil

Mozambique and Tanzania Deepen Oil and Gas Cooperation Through New Regulatory Partnership

Mozambique and Tanzania Regulators Sign MoU to Strengthen Oil and Gas Sector Governance and Expertise Sharing Mozambique’s National Petroleum Institute of Mozambique (INP) and Tanzania’s Petroleum Upstream Regulatory Authority (PURA) have signed a memorandum of understanding (MoU) in Maputo to strengthen cooperation and build regulatory capacity in the oil and gas sector. The agreement provides a framework for technical collaboration, allowing the two regulators to exchange knowledge, expertise and best practices in key areas, including

Loading

Read More Here

Diamonds International News

Dubai Diamond Exchange and London Diamond Bourse Sign Partnership to Boost Global Diamond Trade

Dubai Diamond Exchange and London Diamond Bourse Forge Strategic Partnership to Strengthen Global Diamond Trading The Dubai Multi Commodities Centre (DMCC), the international business district that facilitates global trade through Dubai, has announced the signing of a memorandum of understanding (MoU) between the Dubai Diamond Exchange (DDE) and the London Diamond Bourse (LDB) to strengthen cooperation between the two trading centres and expand opportunities for their members. The agreement establishes a framework for closer collaboration,

Loading

Read More Here

Local News Transport and Logistics

Lobito Corridor Railway Secures $753 Million Financing to Boost Regional Trade Links

Angola’s Lobito Corridor Railway Project Reaches $753 Million Financial Close to Expand African Trade Connectivity The Lobito Corridor railway project in Angola has reached financial close after securing $753 million in funding, marking a major milestone for one of Africa’s most important regional transport infrastructure initiatives. The financing will support the rehabilitation, upgrade and long-term operation of the 1,300-kilometre railway corridor linking the Port of Lobito in Angola to the border with the Democratic Republic

Loading

Read More Here

International News Transport and Logistics

Zambia Plans TAZARA Railway Modernisation to Strengthen Trade and Logistics Network

Zambia Targets TAZARA Railway Upgrade with $1.6 Billion Rehabilitation Plan to Boost Trade and Economic Growth Zambia is advancing plans to modernise the TAZARA railway corridor, with President Hakainde Hichilema highlighting the importance of upgrading the route to support trade, transport efficiency and economic growth. Speaking at the TAZARA train station in Kapiri Mposhi, President Hichilema said the government is committed to improving the railway, which provides a strategic link between Zambia and the port

Loading

Read More Here

International News Renewable Energy

Egypt Awards $560 Million Contract for Major Solar and Battery Storage Project

Egypt Awards $560 Million EPC Contract for 1GW Solar Project with Battery Storage Egypt has awarded a $560 million engineering, procurement and construction (EPC) contract for the West Minya Solar Power Project, one of the country’s largest renewable energy developments. The contract was awarded to Hassan Allam Construction and Sterling and Wilson Renewable Energy through their 50:50 joint venture. The project, located in Minya Governorate, will combine 1,000 megawatts (MW) of solar photovoltaic capacity with

Loading

Read More Here

International Energy Gas News

World Bank Warns Rising Gas Flaring Undermines Africa’s Energy Security

Global Gas Flaring Reaches 167 Billion Cubic Metres, Matching Africa’s Annual Gas Consumption, World Bank Says Global gas flaring increased to 167 billion cubic metres in 2025, its highest level since 2019, highlighting a growing challenge for energy security and economic development, particularly in Africa, according to the World Bank’s Global Gas Flaring Tracker Report 2026. The report found that gas flaring has risen for the third consecutive year, indicating that efforts to reduce the

Loading

Read More Here

International News Oil

Strait of Hormuz Shipping Rebounds, Easing Fuel Supply Risks for Africa

Record Vessel Traffic in Strait of Hormuz Signals Easing Energy Supply Risks for Africa’s Fuel Importers Shipping activity through the Strait of Hormuz has surged to its highest level since recent conflict disrupted operations in one of the world’s most critical energy corridors, offering potential relief for African economies heavily reliant on imported fuel. According to vessel tracking data from S&P Global Market Intelligence and S&P Global Commodities at Sea, 78 vessels transited the strait

Loading

Read More Here

International Gold News

Ghana Raises Mandatory State Gold Purchases to Strengthen Reserves and Expand Local Value Addition

Ghana Increases Gold Sales to State to 30% as It Builds Reserves and Expands Domestic Refining Strategy Africa’s largest gold producer, Ghana, is increasing the volume of gold that mining companies must sell to the state as part of a broader strategy to strengthen foreign reserves, stabilise the national currency, and retain more value from its mineral resources. From July 1, large-scale mining companies operating in the country will be required to sell 30% of

Loading

Read More Here

International News Oil

Sierra Leone Awards Offshore Exploration Licence to Marginal Energy Limited

Sierra Leone Grants Offshore Oil and Gas Licence to Marginal Energy for 6,800 km² Block Area Sierra Leone has granted an offshore oil and gas exploration and production licence to Nigerian-based Marginal Energy Limited, marking a significant step in the country’s efforts to attract investment into its emerging upstream petroleum sector. The agreement was signed by the Petroleum Directorate of Sierra Leone (PDSL) and covers offshore blocks G-145, G-146, G-147, G-160, and G-161. Collectively, the

Loading

Read More Here

International News Oil

Murphy Oil Strikes New Offshore Discovery in Côte d’Ivoire as Exploration Momentum Builds

Murphy Oil confirms Bubale-1X offshore oil discovery in Côte d’Ivoire, boosting West Africa’s rising production outlook U.S.-based Murphy Oil has announced a new offshore oil discovery in Côte d’Ivoire, reinforcing the country’s growing profile as an emerging hydrocarbon producer in West Africa. The company said its Bubale-1X exploration well in Block CI-709 encountered around 100 feet (approximately 30 metres) of net oil pay across two reservoirs. Early assessments indicate the presence of high-quality light crude,

Loading

Read More Here

1 2 3 4 … 244