Invictus Energy  hasprogressed on operations at its 80% owned SG 4571 licence in Zimbabwe’s Cabora Bassa Basin. Managing Director Scott Macmillan commented:“The Mukuyu-1 and ST1 drill campaign has been a great success, identifying 13 potential hydrocarbon bearing zones across the Pebbly Arkose and Upper Angwa formations. “Significantly, a combined 225 metres of gross potential hydrocarbon […]

The Africa, Caribbean, Pacific —European Union (ACP-EU) Joint Parliamentary Assembly sitting in Maputo City, Mozambique on November 2ND voted to let Uganda proceed with implementing the East African Crude Oil Pipeline Project (EACOP).  The ACP-EU resolution now waters down an earlier stance by the European Parliament that had expressed “grave concern” around alleged human rights […]

UAE independent power producer (IPP) Masdar and Zambia Electricity Supply Corporation (ZESCO) has recently signed an agreement on partnership with aims to co-develop an overall investment of $2 billion solar projects over the next few years. The President of the Republic of Zambia who has just returned to Lusaka after a stay in Abu Dhabi, […]

The Chinese owned national upstream company CNOOC has dominated the recently concluded 6th Mozambique Licensing bid Round for Hydrocarbon Exploration and Production areas that was opened on November 24, 2021, as announced by the National Petroleum Institute – winning five regions out of six. The Ministry of Mineral Resources and Energy (MIREME) launched the Sixth […]

Invictus Energy today provides an update on the Mukuyu-1 well that is currently being drilled in its 80% owned SG 4571 licence in Zimbabwe’s Cabora Bassa Basin. Since the last update, the drill string was rigged up to conduct fishing operations to attempt to retrieve the wireline formation testing tool. The drill string with the […]

Empresa Nacional de Hidrocarbonetos (ENH) a Mozambique’s state-owned energy exploration and production company and Petrofac, a leading provider of services to the global energy industry have formed a Joint Venture (JV) for the provision of training services in the country. The partnership will create path as a veritable way to designed and support nationalisation goals […]

Scirocco Energy has Comfirmed Company’s intent to divest its interest in the Ruvuma asset, where Scirocco has entered into an agreement to sell its 25% interest to ARA Petroleum Tanzania (APT). The Tanzanian Fair Competition Commission (FCC) has now granted its unconditional approval for the transaction and issued the Company with the Merger Clearance Certificate. The issuance of […]

Wentworth Resources and Maurel & Prom S.A. have reached agreement on the terms of a recommended acquisition of the entire issued and to be issued share capital of Wentworth by M&P. The Acquisition will be subject to the Conditions and certain further terms set out in the Scheme Document and each Wentworth Shareholders will be […]

Eni Mozambico SpA and CNOOC Hong Kong Holding Limited International energy companies have declared mutual interest in further development of mozambiquecan oil and gas, This was dclosed by Mozambique’s National Oil Company via press release. The OICs on 11 November, 2022 in Maputo submitted proposals to explore areas under the 6th Licensing Round for the concession of areas for […]

The first cargo of vegetable oil for Biorefining produced by Eni in Kenya has left the port of Mombasa, on its way to Gela’s biorefinery. This marks the start of the transport and logistics system that will support the value chain in the country, starting with a production of 2,500 tons by the end of […]