April 29, 2024
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8min
Sri Lanka’s efforts to attract and leverage international investment into exploration and commercialisation two blocks adding to over 5,000 square kilometers with potential oil and gas resources in the Mannar Basin have once again been gridlocked by legal challenges in the Court of Appeal. According to the latest developments in the CA (Writ) Application No: […]

January 31, 2024
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4min
Over 300 oil and gas cargo vessels visited the Hambantota international Port (HIP) in 2023, recording a 132 percent increase in vessel calls compared to 2022.  A key reason for this is the port’s bunkering partner Sinopec actively operating in the market, bringing significant value addition to the HIP’s commercial operations.     The overall […]

August 15, 2022
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4min
        Corporate and civic leaders assembled in Dakar for the MSGBC Oil, Gas & Power Conference 2022 will have the opportunity to compete in a golf tournament on the event’s third day, promoting energy sector discourse in the formation of the Dakar Energy Club. DAKAR, Senegal, August 12, 2022/APO Group/ — Energy […]

June 28, 2022
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6min
        The acquisition deal by Eco Atlantic in Block 3B/4B marks the revitalization of energy exploration across southern Africa, representing an important step to kickstarting domestic energy security on the back of oil and gas JOHANNESBURG, South Africa, June 27, 2022/APO Group/ –Canadian-based oil and gas exploration company, Eco Atlantic, has, through […]

June 17, 2022
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7min
        Having completed the acquisition of Glencore’s corporate entities, Perenco is now the sole owner of PetroChad Mangara, operator of three sizeable oil fields in Chad JOHANNESBURG, South Africa, June 16, 2022/APO Group/ –In a move that will see the company strengthen its footprint even further across the African energy sector while […]

May 25, 2022
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3min
      Petrodel Resources Ltd. announces intention to develop the Tanga, Kimbiji and Latham Blocks DUBAI, United Arab Emirates, May 24, 2022/APO Group/ –Petrodel Resources Ltd. (‘Petrodel’), a leading energy company in the development of oil and gas reserves, has announced its intention to revive its operations in Tanzania. Petrodel is the owner of […]

April 9, 2022
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5min
          Countries in the MSGBC region including Senegal and Mauritania are set to record a gas market boom as key projects come online from as early as 2023 JOHANNESBURG, South Africa, April 7, 2022/ — Since major gas discoveries were made between 2014 and 2017, the MSGBC region, comprising Mauritania, Senegal, […]

February 22, 2022
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4min
        This partnership comes as a milestone for the two entities whose vision is to promote the MSGBC Basin’s attractiveness to international investors DAKAR, Senegal, February 21, 2022/APO Group/ — Senegal’s national oil and gas company has signed a development and cooperation agreement with Africa’s leading investment platform for the energy sector ECP […]


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Lanka Business News is amongst the leading online Business News portals in Sri Lanka, unique for its focus on contemporary business news relevant across multiple industries operating in the country. We present not only the news, but a perspective based on observations and possible implications of a prevailing news item. LBN also provides an insight to the impact of a global economic or industrial development, thus helping stakeholders make informed and calculated decisions.




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