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Gas International News

ONGC Videsh Advances Offshore Gas Project in Mozambique

31, March, 202531, March, 2025

ONGC Videsh Ltd (OVL) is making progress on its offshore gas exploration project in Mozambique, where on-ground activities have resumed, officials confirmed. The OVL board recently approved an investment of ₹1,500 crore into the joint venture (JV) there. OVL, the international arm of India’s state-owned Oil and Natural Gas Corporation (ONGC), holds a 10% stake in the $20 billion “Offshore Area 1” LNG project. The project has been under force majeure since April 2021 due

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Local Mining Projects News

UK Ambassador Visits Longonjo as Pensana Prepares for Construction

31, March, 202531, March, 2025

Following the approval of a $268 million financing package, newly appointed UK Ambassador to Angola, Bharat Joshi, visited the Longonjo site to assess progress ahead of construction. Accompanied by Country Manager Geraldine Tchimbali, local Huambo authorities, community leaders, and the press, the ambassador observed site preparations for the Pensana rare earths project. Joshi emphasized the global significance of Longonjo, stating, “Longonjo might seem like a small village in the heart of Angola, but for the

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International News Oil

Uganda’s EACOP Secures First Tranche of External Financing

27, March, 202527, March, 2025

The company behind Uganda’s East African Crude Oil Pipeline (EACOP) has secured its first tranche of external financing from a consortium of financial institutions, including commercial banks and Afreximbank, EACOP Ltd announced on Wednesday. Among the financiers are Standard Bank, Stanbic Bank Uganda, KCB Bank Uganda, and Saudi Arabia’s Islamic Corporation for the Development of the Private Sector. “The successful closing of this first tranche represents a significant milestone,” the company stated, though it did

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Oil International News

Nigeria’s Trans Niger Pipeline Restored After Explosion

27, March, 202527, March, 2025

Nigeria’s Trans Niger oil pipeline (TNP) is now fully operational following an explosion last week, Renaissance spokesperson Tony Okonedo confirmed on Tuesday. The 450,000-barrel-per-day (bpd) pipeline is a critical export route, transporting crude to the Bonny terminal, a key hub for Nigeria, Africa’s largest oil producer. Following the March 19 explosion, oil flow through the TNP was temporarily rerouted to an alternative line, according to Renaissance Group, the Nigerian oil consortium that acquired Shell’s former

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Corporate News International Oil

Dangote Refinery Fuels Record U.S. Jet Fuel Imports Amid Market Shifts

27, March, 202527, March, 2025

U.S. jet fuel imports are set to hit their highest level in two years this March, driven largely by shipments from Nigeria’s Dangote refinery to North America. Analysts suggest this influx could ease aviation fuel prices ahead of the peak summer travel season, Reuters reported. The 650,000 barrels-per-day (bpd) Dangote refinery, Africa’s largest, is rapidly reshaping global fuel markets. Initially challenging European refiners in gasoline exports, the facility is now making strides in the U.S.

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Corporate News Diamonds International

Anglo American Prepares for Potential De Beers IPO Amid Exit Strategy

27, March, 202527, March, 2025

Anglo American, the parent company of De Beers, has begun discussions with multiple banks regarding a potential initial public offering (IPO) for the diamond miner, according to a Bloomberg report. This move is part of Anglo American’s restructuring plan, announced last year, to divest De Beers and other non-core assets in order to focus on its primary businesses. At the same time, the company is exploring the possibility of selling De Beers outright. “Anglo is

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Diamonds Corporate News International

Petra Diamonds Denies Mass Layoff Claims, Confirms Limited Redundancies

27, March, 202527, March, 2025

Petra Diamonds has dismissed claims by South Africa’s National Union of Mineworkers (NUM) that it plans to lay off 468 employees due to ongoing challenges in the diamond market. The company clarified that only 84 employees from its Cullinan and Finsch mines in South Africa will be affected, significantly fewer than the number reported by the union. NUM alleged that Petra intended to replace permanent employees with contract workers to cut costs. However, a company

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Diamonds International News

Namibia’s Diamond Production Surges in January 2025 Amid Declines in Other Minerals

27, March, 202527, March, 2025

Namibia’s diamond production rebounded sharply in January 2025, with the Diamond Production Index rising by 34.9% after a 6.1% decline in December 2024, according to the Namibia Statistics Agency (NSA). On an annual basis, the index recorded a 14.3% increase, driven by higher diamond output, as total production reached 241,393 carats, surpassing the 178,890 carats produced in December 2024 and the 211,108 carats from January 2024. This surge in diamond production was the key driver

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International Gas Oil

Namibia Shifts Oil and Gas Oversight to Presidency for Greater National Benefit

27, March, 202527, March, 2025

Namibia’s oil and gas sector will now be managed under the Office of the President, moving from the Ministry of Mines and Energy. The shift aims to maximize national benefits from the country’s emerging petroleum industry. President Netumbo Nandi-Ndaitwah announced the decision on Saturday while unveiling her new Cabinet. “The new emerging industries of oil and gas need to be managed in a manner that maximizes benefits for all Namibians. Therefore, the management of these

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International Corporate News Oil

Shell and Chevron Advance Namibia’s Offshore Exploration Plans

27, March, 202527, March, 2025

Shell is set to decide by the fourth quarter of 2025 whether to proceed with field development in Namibia’s offshore PEL 39 block, while Chevron nears completion of its seismic data interpretation in the Walvis Basin, according to a senior government official. “Shell and its partners are working hard to calibrate data from the nine wells drilled so far,” said Maggy Shino, Petroleum Commissioner at Namibia’s Ministry of Mines and Energy. She added that Shell

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