Africa Oil 2020 Net Income Hits $118M
Africa Oil has received an additional $50 million in dividends from Prime subsequent to the previous reporting period. This brings the total dividends amount to $162.5 million since Africa Oil … Read More
Tag: South Africa
Shell Ventures into Two Existing Blocks in South Africa
Impact Oil and Gas has entered into an agreement with BG International Limited, a wholly owned subsidiary of Royal Dutch Shell plc for the farm-out of a 50% working interest … Read More
SOUTH AFRICA: Impact Acquires 100% Interest in Transkei & Algoa & Tugela South Exploration Rights
Impact Oil & Gas has announced that its wholly-owned subsidiary, Impact Africa Ltd, has received approval from the Government of South Africa to take forward the Transkei & Algoa Exploration … Read More
SOUTH AFRICA: Total Makes Gas Discovery on the Luiperd Prospect
Total has made a significant gas condensate discovery on the Luiperd prospect, located on Block 11B/12B in the Outeniqua Basin, 175 kilometers off the southern coast of South Africa. This … Read More
NIGERIA: Africa Oil Announces Favorable Prime RBL Redetermination
Africa Oil Corp. has provided an update on Prime Oil & Gas B.V. Reserve Base Lending facility (RBL). Africa Oil has a 50% shareholding in Prime, a company with deepwater … Read More
Tower Resources Provides Update on Thali, PEL 94 Projects
Extension of the initial period of the Exploration Phase of the Thali PSC, offshore Cameroon by one year (from 15 September 2019) for the purposes of completing the NJOM-3 well, … Read More
West Africa: Experts Set to Discuss Oil and Gas Opportunities in the Region
Home to Africa’s largest and most established oil nation, Nigeria, as well as several emerging producers, West Africa has a long hydrocarbons history. Most recently, projects including Tortue FLNG, Bonga … Read More
Kosmos Energy Announces Farm Down of a Portfolio of Exploration Assets to Shell for up to $200 Million
Kosmos Energy has entered into an agreement with B.V. Dordtsche Petroleum Maatschappij (“Shell”), a wholly-owned subsidiary of Royal Dutch Shell PLC, to farm down interests in a portfolio of frontier … Read More
SOUTH AFRICA: Sasol Invites Interested Parties to Partner for the Development of CO2 Utilisation Technologies
Sasol is committed to reducing its overall impact on the environment and is developing and implementing on our climate change mitigation response to enable long-term resilience of the company through … Read More
SOUTH AFRICA: Total Begins Drilling of Luiperd-1X Offshore Well in Block 11B/12B
Block 11B/12B JV partner Africa Energy has announced spud of the Luiperd-1X well, the second exploration well on Block 11B/12B offshore South Africa following the Brulpadda discovery in February 2019. Jan Maier, Africa Energy’s VP … Read More
