In figures released on Wednesday, the firm said total revenue for the year reached about $44.8 billion, with statutory payments to government agencies and partners totalling roughly $10.9 billion....
The US and Japan are closing in on the first three projects to be funded by Tokyo’s US$550 billion (RM2.15 trillion) investment vehicle, according to people familiar with the...
Saudi Aramco has begun production of light oil (condensate) from its $100 billion Jafurah unconventional gas project, after the company completed Phase 1 construction of the 450-MMcf/D-capacity gas plant. This marks the...
The company, alongside the Congolese state miner Cominiere, confirmed that initial output will commence this month, with exports following immediately afterwards. The updated timeline advances earlier guidance that had...
Senegal has established itself as an emerging oil and gas producer, with major offshore projects like the BP-led Greater Tortue Ahmeyim field and Woodside Energy Group’s Sangomar project driving...
The French state will invest 50 million euros ($59.61 million) to acquire a minority stake in Imerys’ lithium mine project in France, the minerals group said on Wednesday. Imerys...
Recent reports indicate that the President of the Dangote Group, Alhaji Aliko Dangote, alongside former Nigerian President Olusegun Obasanjo, recently visited Burundi’s President, Evariste Ndayishimiye. Serving as more than...
Oilfield services firm Transocean (NYSE:RIG) will acquire offshore rig contractor Valaris (NYSE:VAL) in an all-stock deal valued at ~$5.8B, where Valaris shareholders will receive 15.235 shares of Transocean stock for each VAL share owned, representing...
But the real story is the part that remains untouched. More than US$8.6 trillion in African mineral deposits still lie undeveloped. This is roughly two and a half times...
The agreement, signed on January 30, 2025, by Minister of State for Industry Senator John Enoh for Nigeria and AEDC Chairman Yoon Suk-hun for South Korea, marks a major...