Debswana approves $1bn investment for Jwaneng underground project

By on    Metals and Mining Industry News  

Debswana approves $1bn investment for Jwaneng underground project

In a significant development for the global diamond industry, Debswana, a joint venture between De Beers Group and the Government of the Republic of Botswana, has announced a substantial investment of approximately $1 billion (BWP 13.6 billion) for the Jwaneng underground project. This critical phase of the project marks a pivotal shift from open pit […]

Peregrino phase 2 project : Equinor starts production from phase 2 of offshore Brazilian field

By on    Energy Industry News  

Peregrino phase 2 project : Equinor starts production from phase 2 of offshore Brazilian field

Peregrino phase 2 project : Oil and gas company Equinor has started oil production from the phase 2 development of the Peregrino oil field in the Campos Basin, offshore Brazil. Originally scheduled to commence production in 2020, Peregrino phase 2 development faced delay following the outbreak of Covid-19. Equinor (formerly Statoil) submitted the plan of […]