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Namibia’s Diamond Beneficiation Strategy Generates N$3.4 Billion in 2024

25, August, 202525, August, 2025

Namibia Diamond Sales Reach N$3.4 Billion in 2024 Through Local Beneficiation Program Namibia’s diamond beneficiation strategy generated N$3.4 billion in rough diamond sales to 13 local Sightholders in 2024, according to the De Beers Group’s latest Sustainability Report. The sales were conducted through the Namibia Diamond Trading Company (NDTC), a 50:50 joint venture between De Beers and the Namibian Government. “Namibia’s beneficiation highlights include $191 million in sales of rough diamonds to 13 local Sightholders

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International Economy Gas News

Economist Advocates for Gas Development to Boost Namibia’s Economy

25, August, 202525, August, 2025

Namibia Should Prioritize Gas Over Oil to Create Jobs and Drive Economic Growth, Says Economist Economist Robin Sherbourne has urged Namibia to place greater emphasis on gas development, arguing it offers far more potential for job creation and local economic benefits than oil. Speaking on BW Energy’s Kudu gas project, Sherbourne noted that while oil may generate significant government revenue, it creates limited direct employment opportunities. In contrast, gas development can play a transformative role

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International News Oil

Uganda Partners with Alpha MBM to Build Crude Oil Refinery in Hoima

25, August, 202525, August, 2025

Uganda Signs Deal with Alpha MBM to Construct Multi-Product Oil Refinery in Hoima District Uganda has signed a major agreement with Alpha MBM Investments to develop a crude oil refinery in Kabaale, Hoima District, marking a significant step toward energy self-sufficiency. President Yoweri Museveni emphasized that the project goes beyond fuel production, highlighting Uganda’s goal to refine and export its own petroleum products rather than relying on imports. He stressed the importance of adding value

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Corporate News International Renewable Energy

GSU Launches 50MW Solar Plant in Central African Republic to Boost Renewable Energy Access

25, August, 202525, August, 2025

GSU Begins Construction of 50MW Solar PV Plant in Sakaï to Power 300,000 Homes and Reduce Carbon Emissions GSU has commenced construction of a 50-megawatt solar photovoltaic (PV) plant in Sakaï, Central African Republic (CAR), aiming to expand electricity access and accelerate the country’s transition to renewable energy. The new plant is expected to provide electricity to more than 300,000 households and reduce over 50,000 tons of carbon emissions annually. It will feature a 10-megawatt-hour

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International News Oil

NNPC and Gas Suppliers Sign Long-Term Agreements to Boost NLNG Feedgas Supply

25, August, 202525, August, 2025

NNPC, NLNG Sign 20-Year Gas Supply Agreements to Strengthen Nigeria’s Energy Security and Support Gas Industrialization NNPC Ltd and five upstream gas suppliers have signed long-term Gas Supply Agreements (GSAs) with the Nigeria Liquefied Natural Gas (NLNG) Company, securing 1.29 billion standard cubic feet (bscf) of feedgas per day. The agreements, which include extension options, were signed with SNEPCO-Sunlink HI, TEPNG-AMNI JV IMA, NNPCL-First E&P JV, SNG NGML, Oando-NNPC E&P, and TEPNG JV Ubeta. NLNG

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International News Oil Partnerships

Namibia and Botswana Launch $4 Billion Refinery to Boost Southern Africa’s Energy Security

25, August, 202525, August, 2025

$4 Billion Namibia-Botswana Refinery Project Aims to Cut Fuel Imports and Strengthen Regional Energy Security Namibia and Botswana have unveiled a $4 billion refinery project aimed at enhancing energy security and reducing dependence on imported fuel across Southern Africa. Planned for Walvis Bay in Namibia and Ghanzi in Botswana, the refinery is expected to process 60,000 to 100,000 barrels of crude oil per day. Once operational, it will supply petrol, diesel, kerosene, and jet fuel,

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International News Oil

Cameroon Plans to Restart 42,000 bpd Sonara Refinery by 2027

25, August, 202525, August, 2025

Cameroon Targets 2027 Restart for Sonara Refinery to Reduce Fuel Imports and Boost Energy Security Cameroon is set to restart its 42,000 barrels-per-day (bpd) Sonara refinery by 2027 through a comprehensive restructuring and recovery program, officially approved this month. The board endorsed the rehabilitation framework, named Parras 24, on August 13, establishing a 24-month schedule for repairs and operational restructuring. Government support is expected to play a decisive role in resolving the refinery’s financial and

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Corporate News International Oil

Shell to Launch New Offshore Drilling Campaign in Namibia’s Orange Basin in 2026

25, August, 202525, August, 2025

Shell Plans 2026 Offshore Drilling in Namibia’s Orange Basin to Unlock Oil Potential Shell is set to begin a new drilling campaign in 2026, targeting five exploration wells in its PEL 39 offshore block in Namibia’s Orange Basin. The company has already made several discoveries in the area, including Graff, La Rona, and Jonker. The upcoming program—though the exact number of wells is still to be finalized—aims to collect additional data to better evaluate the

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International Energy Gas News Oil

Mozambique LNG Project Set to Resume, Aiming for Global Energy Supply by 2030

25, August, 202525, August, 2025

Mozambique LNG Megaproject to Restart in 2025, Supplying Japan and Asia by 2030 Construction of TotalEnergies’ liquefied natural gas (LNG) project in Mozambique is expected to resume by September 2025, with production projected to begin between 2029 and 2030, Mozambican President Daniel Chapo told the Japanese newspaper Nikkei last week. The $20 billion project, which also involves Mitsui & Co., was suspended in 2021 following an attack by Islamist militants. TotalEnergies has requested security guarantees,

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Corporate News International Oil

Mozambique Awaits TotalEnergies Decision to Resume LNG Project in Cabo Delgado

25, August, 202525, August, 2025

Mozambique Natural Gas Megaproject Hangs on TotalEnergies’ Decision Amid Security Concerns Mozambican President Daniel Chapo emphasized that the resumption of the country’s natural gas project, halted since 2021 due to terrorist attacks, depends on TotalEnergies, the project’s lead investor. “The resumption depends on who is leading the project, and at the moment, that is Total,” President Chapo said during a meeting with the president of the Japanese multinational Mitsui in Yokohama, host city of the

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