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International News Oil

Nigeria’s NNPC Explores Refinery Sales Amid High Rehabilitation Costs and Strategic Review

14, July, 202514, July, 2025

NNPC Considers Refinery Sales Amid Costly Rehabilitation and Strategic Review The Nigerian National Petroleum Company (NNPC) is considering the possible sale of some of its state-owned refineries as part of a broader strategic overhaul to address persistent challenges in its rehabilitation efforts. Speaking to Bloomberg at the 9th OPEC International Seminar in Vienna, NNPC Group CEO Bayo Ojulari revealed that the company is conducting a comprehensive review of its refinery operations, expected to be completed

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Corporate News International Oil

Shell Eyes Ghana’s Pecan Oil Field as Mahama Reignites Energy and Infrastructure Agenda

14, July, 202514, July, 2025

Ghana’s Oil Sector Gains Momentum with Shell’s Pecan Bid and Mahama’s Infrastructure Drive President John Mahama has announced that global energy giant Shell has submitted a formal bid to participate in the development of Ghana’s Pecan Oil Field, marking a significant step forward in revitalizing the country’s oil and gas sector. The proposal is currently under review by key stakeholders. If approved, it could initiate the next phase of development for the offshore field, located

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Diamonds Economy Local News

Angola Hits Diamond Production Record in 2024 as Mining Diversification Gains Momentum

14, July, 202514, July, 2025

Angola Sets New Diamond Production Record with Over 14 Million Carats in 2024 as Mining Sector Expands Angola has reached a historic milestone in its diamond industry, producing over 14 million carats in 2024—the highest in the nation’s history. This achievement was announced by Diamantino Azevedo, Minister of Mineral Resources, Oil and Gas, during the launch of the International Mining Conference of Angola held last Thursday in Luanda. “This milestone fulfills one of the key

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Local Gas News

Angola Discovers Over 1 Trillion Cubic Feet of Gas in Gajajeira-01 Well

14, July, 202514, July, 2025

Angola Celebrates Major Gas Discovery in Gajajeira-01 Well and Expands Energy Development Efforts Angola has achieved a major milestone in its natural gas sector with the discovery of significant gas reserves in the Gajajeira-01 well, located offshore in Block 1/14 in the Lower Congo Basin. The announcement was made jointly by the National Agency of Petroleum, Gas, and Biofuels (ANPG) and Azule Energy. Azule Energy, the operator of Block 1/14 with a 35% stake, partners

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Diamonds Corporate News International

Venetia Mine Marks Major Safety Milestone with 13 Million Fatality-Free Shifts

14, July, 202514, July, 2025

De Beers Group’s Venetia diamond mine in Limpopo, South Africa, has reached a remarkable milestone of 13 million fatality-free shifts. This achievement places Venetia among a select group of mining operations in Southern Africa known for sustained excellence in safety performance. The milestone reflects the steadfast dedication of the mine’s employees, contractors, and leadership to fostering a safe and supportive work environment. Over the years, Venetia has implemented numerous proactive safety initiatives focused on building

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Corporate News Exploration International Oil

Shell Gets Green Light to Drill Offshore South Africa as Exploration Interest Grows in Orange Basin

11, July, 202511, July, 2025

Shell Approved to Drill Deep-Water Wells Off South Africa’s West Coast in Promising Orange Basin Shell has secured environmental approval to drill up to five deep-water wells off the west coast of South Africa, marking a major step forward in the country’s offshore oil and gas exploration. The approved wells will be located in the Northern Cape Ultra Deep Block within the Orange Basin, an area with water depths ranging from 2,500 to 3,200 meters.

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Oil International News

New Well in Libya’s Zliten Field Boosts Oil Output and Showcases Local Expertise

11, July, 202511, July, 2025

Libya’s Zliten Field Adds 1,985 Barrels/Day as SOPC Completes New Horizontal Well A newly drilled well in Libya’s Zliten oil field is now producing a steady 1,985 barrels of crude oil per day, marking a significant advancement in the country’s upstream energy operations. Masoud Suleiman, interim president of Libya’s National Oil Corporation (NOC), commended the Sirte Oil and Gas Production and Processing Company (SOPC) for the successful drilling and testing of the C357H-6 horizontal well,

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Gas Exploration International News

Egypt to Launch New Gas Exploration Licensing Round in August

11, July, 202511, July, 2025

Egypt to Offer Offshore and Onshore Gas Exploration Blocks to International Firms in August Egypt is set to allocate a new round of gas exploration blocks to international energy companies in August, as part of its ongoing strategy to boost natural gas production and attract foreign investment into the country’s energy sector. The upcoming concessions include large onshore and offshore areas, primarily located in the northern and northeastern regions, with significant portions situated in the

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International Oil

Backbone Infrastructure to Build $15B Oil Refinery and Free Trade Zone in Ondo State

11, July, 202511, July, 2025

Backbone Infrastructure Nigeria Limited (BINL) has announced plans to develop a $15 billion crude oil refinery and launch a free trade zone in Ondo State, in partnership with the state government. T he project aims to drive economic growth, reduce Nigeria’s trade deficit, and enhance the country’s refining capacity. BINL confirmed it will construct and operate a 500,000-barrel-per-day refinery within the Sunshine Industrial Park and Free Trade Zone, located in Ilaje Local Government Area. The

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Corporate News International Oil

Dangote Refinery Expands into Namibia with 1.6M-Barrel Fuel Storage to Supply Southern Africa

11, July, 202511, July, 2025

Dangote Refinery to Build Major Fuel Storage Facility in Namibia to Boost Southern Africa Distribution Dangote Petroleum Refinery is set to build a large-scale fuel storage facility in Namibia with the capacity to hold over 1.6 million barrels of gasoline and diesel, according to two sources cited by Reuters. The project marks a significant step in the company’s strategy to expand its fuel distribution network across Southern Africa and reshape regional energy trade. The planned

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