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Tag: EXPLORATION

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
Companies

Pensana Shares Surge 38% Following Financing for Angola Rare Earth Project

March 18, 2025March 18, 2025 - by Sofia Nawab - Leave a Comment

Pensana PLC’s shares increased by 38% after securing $268 million financing for its Longonjo rare earth project in Angola. The financing comprises a $160 million loan and $92 million from …

Pensana Shares Surge 38% Following Financing for Angola Rare Earth Project Read More
Technology

Record High Offshore Oil Exploration Accidents Reported in Brazil 2024

March 17, 2025March 17, 2025 - by Liam Nguyen - Leave a Comment

In 2024, Brazil recorded a record high of 731 offshore oil exploration accidents, according to the ANP. This figure averages two incidents per day, reflecting growing concerns over safety amidst …

Record High Offshore Oil Exploration Accidents Reported in Brazil 2024 Read More
Companies

BHP Secures 75% Stake in Cobre’s Botswana Projects

March 14, 2025March 14, 2025 - by Liam Nguyen - Leave a Comment

BHP has gained the right to acquire a 75% stake in Cobre’s Botswana projects, following Cobre’s selection in the Xplor program. The deal includes $5 million in funding within two …

BHP Secures 75% Stake in Cobre’s Botswana Projects Read More
Companies

U.S. Approves Nearly $5 Billion Loan for TotalEnergies’ Mozambique LNG Project

March 13, 2025March 13, 2025 - by Marcus Chen - Leave a Comment

The U.S. government has approved nearly $5 billion in funding for TotalEnergies’ LNG project in Mozambique, with a loan of $4.7 billion reapproved by the Export-Import Bank. The company needs …

U.S. Approves Nearly $5 Billion Loan for TotalEnergies’ Mozambique LNG Project Read More
Companies

EBRD to Launch Operations in Côte d’Ivoire This June

March 13, 2025March 13, 2025 - by Carmen Mendez - Leave a Comment

The European Bank for Reconstruction and Development (EBRD) is launching operations in Côte d’Ivoire in June, focusing on sustainable economic growth and investment in the private sector and infrastructure improvement. …

EBRD to Launch Operations in Côte d’Ivoire This June Read More
Companies

CSN Announces US$345 Million Investment in Iron Ore for 2025

March 13, 2025March 13, 2025 - by Liam Nguyen - Leave a Comment

Brazil’s CSN is investing US$345 million in iron ore projects this year, enhancing its production capacity and positioning in the mining sector. In a notable investment move, Brazil’s Companhia Siderúrgica …

CSN Announces US$345 Million Investment in Iron Ore for 2025 Read More
Companies

Oman Signs EPSA with OQEP and Genel Energy to Enhance Block 54 Hydrocarbons

March 13, 2025March 13, 2025 - by Allegra Nguyen - Leave a Comment

Oman’s Ministry of Energy and Minerals has signed an EPSA with OQEP and Genel Energy for the development of Block 54. This agreement aims to enhance hydrocarbon production through advanced …

Oman Signs EPSA with OQEP and Genel Energy to Enhance Block 54 Hydrocarbons Read More
Companies

Tamesis Partners Initiates Coverage on WIA Gold, Projecting Promising Future

March 12, 2025March 12, 2025 - by Allegra Nguyen - Leave a Comment

Tamesis Partners has begun coverage on WIA Gold, targeting a price of A$0.40. The Kokoseb gold deposit in Namibia is viewed as a major asset, with potential to be the …

Tamesis Partners Initiates Coverage on WIA Gold, Projecting Promising Future Read More
Companies

Zimbabwe’s Strategic Move to Increase Ownership in Mining Projects

March 12, 2025March 12, 2025 - by Liam Nguyen - Leave a Comment

Zimbabwe plans to increase its ownership in mines by securing a 26% stake in new projects and negotiating similar terms with current operators, reflecting a broader trend among African nations …

Zimbabwe’s Strategic Move to Increase Ownership in Mining Projects Read More

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