spot_img

Gold Fields and E&P...

In Ghana’s already tense mining landscape, fresh turbulence has erupted as Gold Fields...

Bolt and Engineering Distributors...

Bolt and Engineering Distributors Group (B.E.D.) is once again set to make a strong...

Reliable Logistics Partnerships Anchor...

South Africa’s mining sector, contributing 6–7% to GDP and over half of merchandise...

Concor’s wind energy gamechanger...

In a milestone achievement for South Africa’s renewable energy sector, Concor has taken...
HomeOIL AND GASCongo to offer...

Congo to offer 30 oil and gas blocks for licensing

Democratic Republic of Congo will offer 27 oil blocks and three gas blocks, nearly double as many as previously planned, in a licensing round next week, the hydrocarbons ministry said on Monday.

Congo, a leading miner of copper, cobalt, gold and diamonds, has long aimed to boost its oil sector and is believed to have sizeable reserves. Output has remained flat for years at about 25,000 barrels per day because of underinvestment.

Environmental groups and activists have expressed alarm at the plans, as many of the concessions overlap national parks. Congo has in the past defended its right to drill for oil in national parks. Read full story

The blocks to be put up for auction on July 28 include three in the coastal basin of Kongo Central province, nine in the Cuvette Centrale, 11 near Lake Tanganyika and four near Lake Albert. The three gas blocks are on Lake Kivu.

The Cuvette Centrale in particular sits on peatlands that scientists say could release massive quantities of carbon dioxide into the atmosphere if disturbed.

Congo had initially planned to auction 16 oil blocks, nine of which overlapped with protected areas. The ministry said in its statement on Monday that it had decided to auction 30 now to maximise opportunities for the country.

Get notified whenever we post something new!

Continue reading

Gold Fields and E&P dispute heads for arbitration

In Ghana’s already tense mining landscape, fresh turbulence has erupted as Gold Fields confronts a massive $740 million lawsuit filed by Engineers & Planners Co. (E&P). The dispute follows E&P’s takeover of the Damang mine, an asset managed by Gold...

Bolt and Engineering Distributors Group gears up for NAMPO 2026

Bolt and Engineering Distributors Group (B.E.D.) is once again set to make a strong impact at NAMPO Harvest Day 2026, continuing a tradition of more than three decades at South Africa’s premier agricultural exhibition. A Legacy of Consistency and Collaboration Since its...

Reliable Logistics Partnerships Anchor South Africa’s Mining Supply Chains

South Africa’s mining sector, contributing 6–7% to GDP and over half of merchandise exports, faces mounting pressures from global and local disruptions. According to Standard Bank Africa’s Mining Value Chains Indaba 2026 report, the industry’s future growth depends not...