ANGOLA: Afentra confirms Negotiations with Sonangol to Purchase Interests in Block 3/05 & Block 23

Afentra has confirmed that negotiations with Sonangol E.P to purchase interests in Block 3/05 and Block 23 in Angola have continued into the new year following the announcement on 8 … Read More

SOUTH AFRICA: Eco Atlantic Signs Definitive Share Purchase Agreement with Azinam

Further to the announcement on 10 January 2022, Eco (Atlantic) Oil & Gas Ltd. has confirmed that it has signed a definitive Share Purchase Agreement (SPA) to acquire 100% of … Read More

NAMIBIA: Shell’s Sizeable Oil Discovery Means Huge Opportunity For Economic Growth

The National Petroleum Corporation of Namibia (NAMCOR) – alongside partners Shell Namibia Upstream B.V. and Qatar Energy – have announced the discovery of sizeable quantities of light oil in both … Read More

NAMIBIA: Shell Strikes Oil at Graff-1 Deepwater Wildcat

The National Petroleum Corporation of Namibia (NAMCOR), the Namibian state-owned oil company, and its partners, Shell Namibia Upstream B.V and Qatar Energy, are pleased to announce that the Graff-1 deep-water … Read More

GHANA: AfDB Extends $27.39M Grant to support development of Mini Grid and Solar PV net metering

The Board of Directors of the African Development Fund has approved a $27.39 million grant to Ghana for the development of renewable energy investments in the mini grid and net … Read More

SOUTH AFRICA: New Aeromagnetic Survey Interpretation More than Doubles Gas Prospective Compartments

HIGHLIGHTS • Kinetiko’s third aeromagnetic survey was successfully completed in December 2021 and interpretation results now completed. • Three survey areas were included in airborne program over ER 270 and … Read More

Tullow Oil to Concentrate on it Producing Assets in 2022

2022 Outlook Group working interest oil production guidance is 55 to 61 kboepd. This forecast is based on Tullow’s existing equity interests in TEN (47.175%) and Jubilee (35.48%) and will … Read More