insert_link Business / Economics BP strikes major oil & gas discovery in Brazil’s Santos Basin The vessel ‘Valaris DS-15’ that drilled the Bumerangue well. BP said it was too early to assess the quality of the reserves. Photo: by Valaris via Financial Times BP has announced a landmark oil and gas discovery at its Bumerangue prospect in Brazil’s Santos Basin on 4 August, marking its largest find in 25 years. The deepwater well penetrated a 500-meter hydrocarbon column in a high-quality pre-salt reservoir spanning […] today4 August, 2025
insert_link Business / Economics Morning Biz News 26 February 2025: NamRA Revenue Surges, BP Shifts Strategy, and AfDB Backs SMMEs NamRA Collects N$79.3 Billion in Revenue The Namibia Revenue Agency (NamRA) has collected N$79.3 billion in revenue as of 31 January 2025. According to NamRA’s latest figures, domestic tax collections amounted to N$31.36 billion, while customs and excise duties contributed N$48 billion. The total revenue estimate for the 2024/2025 financial year is projected at N$85.3 billion. South Africa’s Poultry Master Plan Exceeds Targets In South Africa, the first phase of […] today26 February, 2025
insert_link Business / Economics How Dangote refinery is flipping the script on Africa’s oil By Bonface Orucho, bird story agency Nigeria's Dangote refinery, a 650,000 barrels per day facility, has recently exported its first-ever jet fuel cargo to Europe, a move that signals not just growing production, but Africa's potential to become a major player in the global petroleum market. S&P Global in a report on May 30 explains that Bp, a British multinational oil and gas company, transported […] today6 June, 2024
