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

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