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International News Oil

Egypt Approves $225 Million Petroleum Concession Agreements

10, February, 202510, February, 2025

The Egyptian Cabinet has approved five petroleum concession agreements involving the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), Ganoub El Wadi Petroleum Holding Company (GANOPE), and several international energy firms. These agreements commit a minimum investment of $225.3 million and include plans to drill at least 40 wells for natural gas and crude oil exploration. Global energy companies continue to expand their presence in Egypt, aiming to boost production and

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Corporate News International Oil

TotalEnergies Resumes Drilling in Namibia’s Orange Basin with Tamboti-1X Well

10, February, 202510, February, 2025

TotalEnergies has resumed hydrocarbon exploration on Block 2913B in Namibia’s Orange Basin, drilling the Tamboti-1X exploration well just north of the Venus accumulation. The company estimates the prospect holds approximately 1 billion barrels of oil. The Deepsea Mira rig, under a multi-country contract with TotalEnergies since December 2022, began drilling Tamboti-1X in October 2024. TotalEnergies operates Block 2913B in Petroleum Exploration License (PEL) 56 with a 50.5% stake in the 8,215 km² offshore area. Its

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Corporate News Oil

Dangote Refinery Expands Global Reach with Jet Fuel Shipments to Saudi Aramco

10, February, 202510, February, 2025

Dangote Refinery has successfully shipped two jet fuel cargoes to Saudi Aramco, marking a significant milestone in its growing global footprint. During a facility tour with directors of the Nigerian Economic Summit Group (NESG), Aliko Dangote, President of Dangote Group, highlighted the refinery’s rapid progress. “We are already achieving our ambitious targets,” Dangote stated. “We are pleased to announce the successful sale of two jet fuel cargoes to Saudi Aramco.” An industry analyst noted that

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Corporate News Gas International Oil

TotalEnergies Expects U.S. Financing for $20 Billion Mozambique LNG Project Soon

10, February, 202510, February, 2025

TotalEnergies CEO Patrick Pouyanne announced on Wednesday that U.S. financing for the company’s $20 billion Mozambique LNG project is expected to be approved in the coming weeks, with additional credit agencies following in the months ahead. The company is awaiting loan re-approvals from U.S., UK, and Dutch export credit agencies before lifting the force majeure that has stalled the project since 2021. Speaking after the company’s fourth-quarter earnings report, Pouyanne stated that a previous loan

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Corporate News Gold International

African Pioneer Secures £420,000 to Advance Namibia Copper-Gold Project

10, February, 202510, February, 2025

London-listed African Pioneer has raised £420,000 from existing and new shareholders to advance its Ongombo copper-gold project in Namibia and support activities in Zambia and Botswana. The funds will be used to analyze gold distribution and its association with copper and magnetite quartzite, assess orebody-wide gold distribution, and plan drillholes in underexplored areas. Additionally, external mining and resource consultants will refine resource estimates for open-pit mineralization and provide recommendations for infill drilling to enhance the

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International Gold News

Mali’s Gold Production Drops 23% Amid Government-Miner Dispute

10, February, 202510, February, 2025

Mali’s industrial gold production fell 23% in 2024, dropping to 51 metric tons from 66.5 tons in 2023, according to the country’s mines ministry. This marks the first time in over three years that output has fallen below 60 tons. Mali, one of Africa’s top gold producers, hosts industrial operations run by major international companies, including Barrick Gold, B2Gold Corp, Resolute Mining, and Hummingbird Resources. However, tensions between the government and mining firms have contributed

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International News Oil

Three Oil Marketing Companies Secure Contracts Under TAZAMA Pipeline Open Access

10, February, 202510, February, 2025

The TAZAMA Pipeline Open Access Selection Committee has awarded contracts to three oil marketing companies (OMCs) to supply low-sulfur gas oil to Zambia, marking a significant step in the country’s fuel supply strategy. Indeni Energy Company Limited, Boltt Global Solutions Limited, and a joint venture between Titanium Oil Corporation and ADNOC will begin utilizing the TAZAMA Pipeline in April 2025. According to the Ministry of Energy, each company has been contracted to supply 35,000 metric

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Diamonds Corporate News International

Anglo American Pushes for Growth Amid De Beers Spin-Off and Potential M&A Interest

10, February, 202510, February, 2025

Anglo American is focused on maximizing its value as it prepares for a possible new acquisition bid and expects substantial progress on the long-awaited spin-off of its De Beers diamond business, CEO Duncan Wanblad said on Monday. The company rejected a $49 billion hostile takeover attempt from BHP in May 2024, which targeted its copper assets. Since then, Anglo—one of the best-performing major miners last year—has streamlined its portfolio by divesting coal assets and announcing

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Corporate News Diamonds International

Botswana and De Beers Finalize Negotiations on Rough Diamond Sales Agreement

3, February, 20253, February, 2025

The Government of the Republic of Botswana (GRB) and De Beers Group have successfully concluded negotiations for a new sales agreement governing Debswana’s rough diamond production. This agreement also includes an extension of Debswana’s mining licenses beyond 2029, marking a significant milestone in their longstanding partnership. The development follows the Heads of Terms agreed upon on September 30, 2023. Debswana, a 50:50 joint venture between GRB and De Beers, operates some of Botswana’s most prominent

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Local Energy News

Congo-DRC-Angola Power Line Set for 2025 Launch

2, February, 20252, February, 2025

The European Union (EU) will commission a 1,400 kV power transmission project in 2025, linking the Republic of Congo, the Democratic Republic of Congo (DRC), and Angola. Known as the Boucle de l’Amitié Énergétique, this initiative aims to address chronic electricity shortages, enhance regional energy security, and support economic development. Electricity access in the Republic of Congo remains limited, with only 68% of urban areas and 12% of rural areas connected to the grid. The

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