Category: Top News
UGANDA: 40% of Investment during the Development Phase will be Retained through National Content
Source: Petroleum Authority of Uganda The Executive Director (ED) of the Petroleum Authority of Uganda (PAU) Ernest Rubondo, has revealed that the oil companies have submitted contracts worth US$ 6 … Read More
MOROCCO: New Independent Re-assessment & Valuation at Guercif Licence Concludes Project Likely to be Commercially Viable’.
Predator Oil & Gas Holdings has announced the completion by SLR Consulting (Ireland) Ltd. of a Competent Persons Report (CPR) comprising of an independent re-assessment and valuation of the “Guercif … Read More
EGYPT: Kuwait Energy Commences Production at the Al Jahraa-13 well
Highlights · Well tested with flow rates of: – 897 bopd and 0.95 mmscf/d gas (c. 1,087 boepd gross; 239 boepd net) on a 64/64″ choke – 623 bopd and 0.47 mmscf/d gas … Read More
NIGERIA: Zenith Energy Gets Extension of Option Agreement for OML 141 RSC
Zenith Energy has announced that it has agreed an extension to the Option Agreement with Noble Hill-Network Limited announced on November 29, 2021, for the purchase of a 42% (forty-two … Read More
NAMIBIA: Monitor Exploration Announces Commencement of EIA and EMP for Seismic Operations
Monitor Exploration has announced it closed 2021 by commencing the Environmental Impact Assessment (EIA) and Environmental Management Plan (EMP), engaging Risk-Based Solutions (RBS) of Dr. Sindila Mwiya and his team. Upon completion, Monitor … Read More
Africa “Silent” as Global Oil and Gas investments Expand to Hit $628 billion – Rystad Energy
Global oil and gas investments will expand by $26 billion this year as the industry continues its protracted recovery from the worst of the pandemic and the hurdles imposed by … Read More
NAMIBIA: Shell Rumored to have Discovered Light Oil at Graff-1 Well
Oil major Shell which is currently drilling the Graff-1 well is rumored to have struck light oil in the upper level of the cratecous reservoir although it it is yet … Read More
ZIMBABWE: Invictus SPP total Increased to $3.0m
Invictus Energy has provided an update on the capital raising activities to assist with the funding of its 80% owned and operated Cabora Bassa Project in Zimbabwe. Securities Purchase Plan … Read More
Namibia’s International Energy Conference Set for April 2022 to Drive Investment into an Energy Mix
The 4th edition of the Namibia’s International Energy Conference will be held from 20th – 22nd April 2022 in Windhoek, Namibia, organized by Rich Africa Consultancy. It is going to be the official meeting … Read More