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Tag: EXPLORATION

Companies

Vitol to Acquire Eni’s Assets in Côte d’Ivoire and Congo for $1.65 Billion

March 20, 2025March 20, 2025 - by Liam Nguyen - Leave a Comment

Vitol will acquire interests in Eni’s assets in Côte d’Ivoire and Congo for $1.65 billion as of January 1, 2024. The acquisition includes oil and gas-producing assets, notably a 30% …

Vitol to Acquire Eni’s Assets in Côte d’Ivoire and Congo for $1.65 Billion Read More
Companies

CCECC to Invest $1.4 Billion in Tanzania-Zambia Railway Upgrade

March 20, 2025March 20, 2025 - by Carmen Mendez - Leave a Comment

The China Civil Engineering Construction Corporation (CCECC) will invest $1.4 billion to upgrade the Tanzania-Zambia railway under a 30-year concession. This investment is critical for easing logistics bottlenecks in South …

CCECC to Invest $1.4 Billion in Tanzania-Zambia Railway Upgrade Read More
Companies

Renergen Commences Commercial Sales of Liquid Helium in South Africa

March 20, 2025March 20, 2025 - by Liam Nguyen - Leave a Comment

Renergen has officially launched commercial sales of liquid helium following successful cooling tests. Natural gas from its Virginia Gas Project supports production, with estimates for significant revenue generation as phases …

Renergen Commences Commercial Sales of Liquid Helium in South Africa Read More
Companies

Zimbabwe’s Strategic Move for Increased Mining Ownership Stake

March 19, 2025March 19, 2025 - by Carmen Mendez - Leave a Comment

Zimbabwe plans to acquire a 26% free carry interest in new mining projects, reflecting a trend among African states to enhance ownership in mining. The TNM NEWS+MARKETS Membership provides comprehensive …

Zimbabwe’s Strategic Move for Increased Mining Ownership Stake Read More
Companies

Construction of a US$1.5 Billion Desalination Plant in Chile Set to Begin

March 19, 2025March 19, 2025 - by Marcus Chen - Leave a Comment

The construction of a US$1.5 billion desalination plant in Chile is expected to start this year, aimed at addressing regional water scarcity. The project will enable the conversion of seawater …

Construction of a US$1.5 Billion Desalination Plant in Chile Set to Begin Read More
Companies

Pensana Secures $268 Million Financing for Longonjo Rare Earth Project in Angola

March 19, 2025March 19, 2025 - by Marcus Chen - Leave a Comment

Pensana has raised $268 million for the Longonjo rare earth project in Angola, with significant contributions from the Africa Finance Corporation and the Angolan Sovereign Wealth Fund. The project aims …

Pensana Secures $268 Million Financing for Longonjo Rare Earth Project in Angola Read More
Companies

Cameroon to Enhance Cement Production Capacity with New Plants

March 19, 2025March 19, 2025 - by Carmen Mendez - Leave a Comment

Cameroon is increasing its cement production capacity to 12.7 million tons by 2025 with the construction of three new plants in Édéa. This expansion aims to meet local demand and …

Cameroon to Enhance Cement Production Capacity with New Plants Read More
Companies

Renaissance Africa Energy Completes $1.3 Billion Acquisition of SPDC

March 19, 2025March 19, 2025 - by Carmen Mendez - Leave a Comment

Renaissance Africa Energy Holdings has completed a $1.3 billion acquisition of Shell Petroleum Development Company of Nigeria (SPDC), gaining full control over its onshore assets. The acquisition received all regulatory …

Renaissance Africa Energy Completes $1.3 Billion Acquisition of SPDC Read More
Companies

Pensana Shares Surge 38% Following Financing for Longonjo Project

March 18, 2025March 18, 2025 - by Liam Nguyen - Leave a Comment

Pensana PLC shares rose 38% after securing $268 million in financing for its Longonjo rare earth project in Angola. The funding includes a $160 million loan from Africa Finance Corporation …

Pensana Shares Surge 38% Following Financing for Longonjo Project Read More
Companies

Renaissance Group Investigates Trans-Niger Pipeline Explosion

March 18, 2025March 18, 2025 - by Marcus Chen - Leave a Comment

Renaissance Group confirmed an explosion on its Trans-Niger pipeline in Rivers state and dispatched a joint investigation team. The incident, which occurred on Monday night, caused a fire, with images …

Renaissance Group Investigates Trans-Niger Pipeline Explosion Read More

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