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International Gas News

ONGC Videsh Commits ₹1,500 Crore to Revive Mozambique LNG Project

2, April, 20252, April, 2025

ONGC Videsh Ltd. (OVL), the international arm of India’s national oil company, has approved a ₹1,500 crore investment to accelerate the development of its joint venture in Mozambique’s offshore gas reserves. The funding will support the Mozambique Area 1 LNG project, a $20 billion initiative in which OVL holds a 10% stake. Despite previous delays due to security concerns, the project is set to move forward as TotalEnergies, the project operator, is expected to lift

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Renewable Energy International News

Cassava Technologies and Microsoft Launch Renewable Energy Training in South Africa

2, April, 20252, April, 2025

Pan-African technology company Cassava Technologies has partnered with Microsoft to launch a renewable energy training initiative in South Africa, aimed at equipping local communities with the skills needed to advance renewable energy solutions and support the country’s energy transition. As part of the initiative, training hubs will be established in Cape Town and Johannesburg, offering programs focused on renewable energy development, energy efficiency, and microgrids. The initiative will prioritize women and youth, helping them develop

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International Energy News

Botswana Seeks Relief as Power Crisis Deepens

2, April, 20252, April, 2025

Botswana government officials are set to meet with South Africa’s electricity ministry this week to address soaring power import costs, which have more than doubled, exacerbating the country’s ongoing energy crisis. Frequent breakdowns at Botswana’s 600 MW Morupule B power plant have led to blackouts lasting up to four hours. To cover the shortfall, Eskom Holdings SOC Ltd., South Africa’s state-owned power company, has been supplying electricity. However, Botswana’s Energy Minister, Bogolo Kenewendo, informed lawmakers

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Corporate News Diamonds International

Cobre Launches Deep Drilling at Kitlanya West in Botswana

1, April, 20251, April, 2025

Australian junior miner Cobre has commenced a diamond drilling program at the Kitlanya West project in Botswana, targeting copper-silver mineralization in partnership with diversified major BHP. The drilling campaign follows seismic surveys completed in 2024 and is part of Cobre’s recently announced earn-in joint venture with BHP. The program includes three deep drill holes, each exceeding 1 km, aimed at testing large anticlinal trap sites identified in seismic sections and providing insights into the deeper

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Corporate News Diamonds International

Lucara Takes Direct Control of Karowe Underground Expansion

1, April, 20251, April, 2025

Lucara Diamonds has ended its engineering, procurement, and construction management contract with JDS Energy & Mining (JDS) as of March 31, shifting to owner-managed operations for the Karowe underground expansion project (UGP) in Botswana. Announcing the transition on Monday, the Canada-based company stated that it had signed a master service agreement (MSA) with JDS to complete specific engineering components, while all site-based contracts and activities now fall under Lucara’s direct oversight. The move is expected

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Diamonds Local News

Angola’s Diamond Exports Generate $1.5 Billion in 2024

1, April, 20251, April, 2025

Angola earned $1.5 billion from the export of over 10 million carats of diamonds in 2024, according to Secretary of State for Mineral Resources, Jânio Victor. He shared these figures during a presentation on the country’s diamond production and commercialization performance for 2024, along with projections for the first half of 2025, held in Luanda on Friday. Victor confirmed that the United Arab Emirates and Belgium remained Angola’s primary export markets. “In 2024, the country

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Local Diamonds News

Angola’s Diamond Export Revenue Drops by 3% in 2024

1, April, 20251, April, 2025

Angola’s diamond export revenue declined by nearly 3% in 2024 compared to the previous year, according to data presented during a ceremony reviewing the diamond subsector’s performance and projections for 2025. In 2024, the country exported approximately 10.2 million carats of diamonds, generating nearly $1.5 billion—down 2.95% from the $1.53 billion recorded in 2023, according to the Angolan National Diamond Trading Company (Sodiam). Despite the drop in export revenue, Angola recovered just over 14 million

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Diamonds Corporate News International

Debswana to Halt Operations at Letlhakane and Jwaneng Modular Plants Amid Market Downturn

1, April, 20251, April, 2025

Debswana Diamond Company will suspend production at its Letlhakane Tailings Plant (LTP) and Jwaneng Modular Plant (JMP) by the end of March 2025. This decision aligns with the company’s strategic response to ongoing challenges in the global diamond market, where demand and rough diamond prices have continued to decline through 2023 and 2024. In light of these conditions, Debswana’s Board of Directors, during its March meeting, revised the 2025 production target from 18 million carats

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Oil International News

Global Oil Prices Surge Amid Geopolitical Tensions and Production Concerns

31, March, 202531, March, 2025

The global oil market saw a significant rise in the price of a barrel, reaching $72.20 on March 21, 2025, marking a 1.5% weekly increase. This continues the pattern of fluctuations observed in recent weeks on international commodities markets. As reported by the Central Bank of Congo (BCC), “As of March 21, 2025, the price of oil rose by 1.5% compared to the previous period, where it traded at $70.10 per barrel.” Experts at the

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Oil International News

Uganda Awards UAE-Backed Firm Contract to Build $4 Billion Oil Refinery

31, March, 202531, March, 2025

A UAE-backed company has secured the contract to construct Uganda’s first crude oil refinery, a $4 billion project in Kabaale, Hoima District. The facility will process 60,000 barrels of crude oil per day, enhancing Uganda’s energy independence and reducing reliance on fuel imports. UAE-based Alpha MBM Investments holds a 60% stake in the refinery, while Uganda’s National Oil Company retains the remaining 40%. The project aims to maximize Uganda’s oil reserves in the Albertine Graben

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