SOUTH AFRICA: Tower Resources Enters the Second Exploration Period of the Algoa-Gamtoos license

Tower Resources has announced that its subsidiary Rift Petroleum Ltd, together with Operator and 50% partner New Age Energy Algoa (Pty) Ltd, has now formally agreed to enter the Second … Read More

NIGERIA: NCDMB, PETAN sign agreement on US$30m Working Capital Scheme

The Nigerian Content Development and Monitoring Board (NCDMB) and the Petroleum Technology Association of Nigeria (PETAN) on Monday signed an agreement on US$30m Working Capital Scheme that will support the … Read More

Many of Africa’s Oil and Gas Companies in Distress or Battling with Liquidity Post-COVID-19

Global law firm Baker McKenzie’s recent Global Oil and Gas Survey: Response to the Oil Price Crisis, outlines how before the outbreak of the COVID-19 pandemic, the global oil and gas industry was … Read More

Nigeria to Spearhead Africa Refinery Capacity Additions by 2024

Nigeria is expected to drive the refinery capacity growth in Africa by 2024, contributing around 71% of the region’s total growth. Nigeria is likely to add 1.5 million barrels per … Read More

ZIMBABWE: Invictus to Commence Field Operations & Completion of Placement with Strategic Investor

Seismic Acquisition & Drilling Plan Advancing The Company successfully concluded its recent field operations and reconnaissance program in the Cabora Basa Basin. Detailed traversing and mapping across the area has … Read More

The UK’s Decision to Halt Funding for New Oil & Gas Projects Ill-founded and Counter productive

The United Kingdom has recently declared that it will stop support and funding to any new oil, gas and coal projects on the 5th anniversary of the Paris Agreement. While this … Read More