Cloudbreak Discovery PLC has announced that it has entered into a Mineral Application Cooperation Agreement (MACA) with Gondwana Petroleum Namibia Pty Ltd, Timeworn Investments Pty Ltd, Pioneer Oil and Gas Consulting CC and a Swiss Based Asset Manager (SBAM). The purpose of the MACA is to jointly work towards submission of an application to acquire […]

Crude oil theft has being an excruciating factor towards efficient harnessing of Nigeria oil and gas economy. This ugly economic situation was previously attributed to militia insurgency in Niger Delta but has been believed to been quenched via Federal Government amnesty program. The sudden resurfacing of this economic sabotage at higher scale now that PIB […]

LEKOIL has announced that Lekoil Nigeria Limited and its subsidiaries, Lekoil Oil & Gas Investments Ltd, Mayfair Assets & Trusts Ltd, Lekoil 276 Ltd and Lekoil Exploration and Production Ltd (the “Plaintiffs”)) have notified the Company of an ex-parte injunction granted by the Federal Court of Nigeria, Lagos Division, to restrain: (i) the transfer of […]

TransGlobe Energy Corporation has announced an operations update of total Production averaging 12.4 MBoepd in Q1, 2022. Two 100% working interest (one 2-mile, one 1-mile) Canada Harmattan horizontal Cardium reservoir development wells were also drilled in the same period under review. In its African operations, the company also disclosed the drilling and casing of three […]

Barely recent weeks after the company announced major oil discoveryin the Zemlet el Arbi concession, located in the Berkine North Basin in the Algerian desert, Eni has disclosed that the  Chief  Executive Officer, Claudio Descalzi, has met in Algiers the Prime Minister Aymen Benabderrahmane and the Minister of Energy, Mohamed Arkab, to discuss the company’s current […]

Reconnaissance Energy Africa  hasprovided an exploration update for the Kavango Basin in NE Namibia and NW Botswana, highlighting multiple drilling prospects and new play types following the integrated analysis of the two stratigraphic test wells and first phase of 2D seismic. The initial exploration and development is being conducted in the first of five sub-basins within […]

Helios Investment Partners (“Helios”), the Africa-focused private investment firm, acting on behalf of funds it advises, and Sojitz Corporation (“Sojitz”), one of the leading conglomerate investment and trading houses listed on the Tokyo Stock Exchange, announce the completion of the sale by Helios of a 25% interest in the holding company of Axxela, the largest […]

LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, notes the announcement from Lekoil Nigeria, dated 1 April 2022, offering to purchase the OPL 310 loan and to repay the outstanding amount under the Savannah Energy Investments Limited Convertible Facility Agreement.   The Company notes that neither offer […]

Invictus Energy Limited (“Invictus” or “the Company”), is pleased to provide an update on the activities of its 80 per cent owned and operated CaboraBassa project in Zimbabwe. Farm-in process update Invictus has granted Cluff Energy Africa’s (“CEA”) request to extend its farm-in option expiry (see ASX release on 9 December 2021) and submit an […]

The Globeleq-led Central Térmica de Temane (CTT) 450 MW gas-fired power project, located at Temane in Inhambane Province in Mozambique has reached financial close and will soon start construction in early 2022. CTT will supply low cost, reliable power to Electricidade de Moçambique (EDM) under a 25-year tolling agreement using natural gas supplied from the Pande-Temane Fields […]