Afreximbank launches US$3 Billion Revolving Intra-African Oil Import Financing Programme

To address Africa’s persistent reliance on imported refined petroleum products, which accounted for an amount of US$30billion annually in petroleum import costs due to inadequate refining, African Export-Import Bank (Afreximbank) … Read More

NAMIBIA: Rhino Resources Strikes Oil at the Offshore Capricornus 1-X well

Rhino Resources on behalf of PEL85 JV reports it has been ‘successful’ in its operated drilling campaign on Block 2914, offshore Orange Basin, Namibia where it was drilling its second … Read More

ANPG, ReconAfrica Join Forces to Assess the Hydrocarbon Potential of the Etosha-Okavango Basin

The National Agency for Petroleum, Gas and Biofuels (ANPG), the Angolan National Concessionaire for the oil sector in the Upstream segment, signed today, Thursday, 17, a Memorandum of Understanding with … Read More

ZIMBABWE: Invictus Energy Selects Musuma-1 High-impact Well Location Set to Spud in H2 2025

Invictus Energy has provided an update on the Musuma-1 well location following a highly productive in-country visit by the Invictus Energy Board of Directors. Musuma-1 has been confirmed as the … Read More

NAMIBIA: Grand Gulf Energy Executes Option Agreement for a 70% working interest in Block 2312

Grand Gulf Energy Limited (Grand Gulf or the Company) has announce that it has entered into a binding Option Agreement (Agreement), providing Grand Gulf with an exclusive option to acquire … Read More

NAMIBIA: Woodside Elects not to Exercise its Farm-in Option in PEL 87

Pancontinental Energy has received notification from Woodside Energy that Woodside has elected not to exercise its option to farm-in to the PEL 87 project. This notice has been received in … Read More

NAMIBIA: Reconnaissance Energy Africa Provides Drilling update on Prospect I

Reconnaissance Energy Africa Ltd announces a drilling update on Prospect I. Prospect I is located onshore Namibia in Petroleum Exploration Licence 073 (PEL73) and is the Company’s largest prospect to be drilled … Read More