SOUTH AFRICA: Eco Atlantic Deposits $20M as Capex for the Gazania-1 well on Block 2B

Africa Energy Corp. has reported that Eco (Atlantic) Oil & Gas Ltd. has deposited approximately US$20 million in escrow to support its capital expenditure requirements for the Gazania-1 well on Block 2B offshore South … Read More

ANGOLA: Afentra Selected as Preferred Bidder to Purchase Interests in Block 3/05 and Block 23

Afentra has announced that Afentra has been selected as preferred bidder to purchase interests in Block 3/05 and Block 23. This follows the announcements on 8 October 2021 and 3 … Read More

ANGOLA: Eni Achieves Start-up from Ndungu EP Development Project in the Western area of Block 15/06

Eni started production from Ndungu Early Production (EP) development project, in Block 15/06 of the Angolan deep offshore, via the Ngoma Floating Production Storage and Offloading (FPSO) vessel. The start-up … Read More

MOZAMBIQUE: U.S. Government Supports Newly Launched Temane Energy Projects

On March 28, 2022, in Vilanculos, Inhambane, the U.S. Government participated in the groundbreaking of the Central Termica de Temane (CTT) power plant and the Temane Transmission Project (TTP).  These … Read More

SOUTH AFRICA/NAMIBIA:Eco Atlantic Receives TSXV Approval for the Closing of the Azinam Acquisition

Eco (Atlantic) Oil & Gas has confirmed that it and Azinam Holdings Limited have now received final approval from the TSX Venture Exchange for Eco’s acquisition (through a wholly-owned subsidiary) of Azinam … Read More

ZIMBABWE: Invictus Energy’s SG 4571 Permit Increased Sevenfold

Invictus’ owned subsidiary Geo Associates (Pvt) Ltd and the Sovereign Wealth Fund of Zimbabwe (SWFZ) have executed a Heads of Agreement  to increase Special Grant 4571 (SG 4571) licence area … Read More

Eco Atlantic Provides New Competent Person’s Resource Report on Namibia and South Africa Assets

Eco (Atlantic) Oil & Gas has announced the publication of an updated NI 51-101 compliant Competent Person’s Report on its assets Offshore Namibia and Offshore South Africa. The CPR was … Read More

ANGOLA: Eni & BP Finalise Agreement to Create New Independent Joint Venture

BP and Eni confirmed today that they have signed an agreement to form a new 50/50 independent company, Azule Energy, a BP and Eni company, through the combination of the … Read More