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NAMIBIA: Sintana Energy Awarded Licence Extension for PEL 83

Sintana Energy  has announced that the Ministry of Mines and Energy in Namibia has approved an extension to the First Renewal Exploration Period for Petroleum Exploration License 83 (PEL 83). … Read More

NAMIBIA: Why PanContinental’s Hopes Linger on Venus -1, Graff-1 Drilling Results

French major TotalEnergies has commenced drilling its ultra-deep Venus-1 well in the Orange Basin offshore Namibia On-trend, Pancontinental has mapped the very large Saturn turbidite complex in PEL 87. Saturn is geologically similar to Total’s Venus Prospect Venus and Saturn overlie the same high-quality mature Oil Source Rock, and both lie immediately … Read More

NAMIBIA: Global Petroleum Raises £1 million to Fund PEL94 Licence Commitments

Global Petroleum has announced that it has successfully raised £1,000,000 in aggregate before costs, through the Placing of 200,000,000 Ordinary Shares at a Placing Price of 0.5 pence per share. … Read More

Africa Oil Announces 2020 Fourth Quarter Results

Highlights Africa Oil fourth quarter net income of $79.8 million and full-year net income of $198.0 million, excluding a $215.6 million non-cash impairment of Kenya exploration assets posted in the first quarter 2020. Strong quarterly profit contribution … Read More

Oil and Gas Discoveries and Activity in Southwest Africa Set to Open New Basins for Development and Trigger Big Investments in Namibia, Angola and South Africa

By NJ Ayuk, Executive Chairman, African Energy Chamber Last spring, the Maersk Voyager, an ultra-deepwater drillship under contract by French supermajor Total, drilled a wildcat well in the deepest water ever – … Read More

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