Chevron Warns Middle East Oil Supply Recovery Will Take Time Amid Regional Conflict

Chevron CEO Says Strait of Hormuz Disruptions and Iran Conflict Could Prolong Global Oil Market Tightness The Chief Executive Officer of Chevron, Mike Wirth, said he remains uncertain about how quickly oil production in the Middle East will recover following supply disruptions linked to the ongoing conflict involving the United States, Israel, and Iran. Speaking on Monday at the annual CERAWeek conference in Houston, Wirth warned that restoring shut-in production capacity will be a gradual

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Mozambique Gold Output Declines After Mining Suspension in Manica

Mozambique Gold Production Falls 17% in 2025 as Government Halts Mining in Manica Over Environmental Damage Mozambique’s gold production declined by 17% to 1.349 tonnes in 2025, falling short of official targets after mining operations in Manica Province were suspended due to environmental concerns, according to government data. Figures contained in the government’s budget execution report for 2025 show that gold production reached only 82% of the planned target, interrupting a pattern of steady annual

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Mozambique Positions Itself as Regional Gas Supplier, Eyes Exports to Kenya

President Daniel Chapo Says Mozambique Ready to Export Natural Gas to Kenya and Become Top Global LNG Producer The President of Mozambique, Daniel Chapo, said on Thursday that the country is emerging as a strategic alternative supplier of natural gas to global markets, particularly within Africa, and signaled openness to exporting gas to Kenya through Mozambique’s port infrastructure. “Gas can be exported from Mozambique to Kenya and benefit our brother country and the Kenyan people.

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Mozambique’s Natural Gas Exports Strengthen Lead as Top Revenue Source in 2025

Mozambique Gas Exports Hit $1 Billion in H1 2025, Overtake Coal as Largest Export Mozambique’s natural gas exports generated an average of US$5.5 million per day during the first half of 2025, sustaining their growth trajectory and reinforcing their status as the country’s leading export, according to official data. Figures released this month by the Bank of Mozambique show that natural gas export revenues increased from US$900.7 million in the first half of 2024 to

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Nasan Energies Secures Approval to Acquire 52 Fuel Stations in Namibia

Nasan Energies to Become Namibia’s Third-Largest Fuel Retailer After Approval to Acquire 52 Engen and Shell Service Stations Nasan Energies (Pty) Ltd has received regulatory approval to acquire 52 Engen- and Shell-branded fuel service stations from Vivo Energy Namibia, marking a significant development in Namibia’s downstream petroleum sector. The approval was granted by the Namibia Competition Commission following a stakeholder consultation process, clearing the way for the transfer of a substantial portion of Vivo Energy’s

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Sonagas Blames Mishandling for Gas Cylinder Leaks Amid Consumer Safety Concerns in Angola

Sonagas Replaces 500 Gas Cylinder Valves Weekly as Consumer Group Warns of Expired and Leaking Cylinders in Angola Sonagas, a subsidiary of Sonangol, stated on Wednesday that leaks in cooking gas cylinders are primarily caused by improper handling during transportation, rather than manufacturing defects or filling processes. The company disclosed that it replaces more than 500 gas cylinder check valves each week as part of routine safety and quality control measures. According to Pedro de

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Sotheby’s to Auction Rare 28.88-Carat Jwaneng Diamond from Botswana

Sotheby’s to Offer 28.88-Carat Internally Flawless Diamond from Botswana’s Jwaneng Mine with $2.8 Million Estimate Sotheby’s is set to auction a rare 28.88-carat diamond sourced from De Beers’ flagship Jwaneng Mine in Botswana, with the gemstone expected to achieve up to $2.8 million at sale. The stone, named the Jwaneng 28.88, is a round brilliant diamond graded D color the highest classification for colorless diamonds and internally flawless, placing it among the rarest categories of

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Libya Launches Farigh–Brega Gas Pipeline Phase One to Strengthen Domestic Energy Supply

Libya’s NOC Activates First Phase of Farigh–Brega Gas Pipeline to Boost Power Supply and Support 2030 Production Targets Libya’s National Oil Corporation (NOC) has launched the first phase of the Farigh–Brega gas pipeline, marking a significant milestone in efforts to strengthen domestic gas supply and enhance energy security. The initial segment of the pipeline is now operational, with gas pumping and pressure balancing underway as system integration continues across the network. The development reflects Libya’s

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Sonangol Joins Etu Stake Acquisition to Accelerate Redevelopment of Angola’s Block 3/05 Assets

Sonangol, Afentra and Maurel & Prom Restructure Ownership of Angola’s Block 3/05 and 3/05A Ahead of 2026 Redevelopment Program Angola’s national oil company, Sonangol, has elected to participate in the acquisition of Etu Energias’ interests in Blocks 3/05 and 3/05A, located in the Lower Congo Basin. The transaction involves the purchase of Etu’s 10% stake in Block 3/05 and 13.33% stake in Block 3/05A. By joining independent oil and gas companies Afentra and Maurel &

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Sintana Energy Secures Extension for Offshore Namibia Exploration License

Sintana Energy and Pancontinental Gain 12-Month Extension for Namibia PEL 87 Offshore Exploration Sintana Energy Inc. announced that its joint venture partner, Pancontinental Energy Limited, has received approval from Namibia’s Ministry of Industry, Mines and Energy to extend the First Renewal Exploration Period for Petroleum Exploration License 87 (PEL 87). The extension grants the partners an additional 12 months, until January 22, 2027, to continue exploration activities on the offshore license. PEL 87 covers blocks

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