Global Petroleum has acknowledged the announcement made recently by National Petroleum Corporation of Namibia (NAMCOR), Shell Namibia Upstream B.V. and Qatar Energy. The NAMCOR Announcement states that the Graff-1 deep-water exploration well in the Orange Basin offshore Namibia has made a discovery of light oil in both primary and secondary targets (Graff-1 discovery), and that […]

East African Crude Oil Pipeline (EACOP) has witness another setback after years of delay of its take off since France’s Total and China’s CNOOC Ltd signed the Final Investment Decision (FID) which was heralded by the oil and gas stakeholders as a major breakthrough in the continent. Oilfield Africa has learnt that the project is […]

The African Development Fund (ADF), the concessional lending arm of the African Development Bank (AfDB) Group, is providing a $27.39 million grant to Ghana. The funding will support rural electrification through green mini-grids and stand-alone solar systems. With an electricity access rate of 73% in rural areas according to Power Africa, the government of Ghana […]

Afentra confirms that negotiations with Sonangol E.P (‘Sonang to purchase interests in Block 3/05 and Block 23 in Angola have continued into the new year. This follows the announcement on 8 October 2021 that the Company had submitted a non-binding Expression of Interest for the two blocks and the subsequent suspension of its shares.  Since […]

The Lake Albert Development Project partners have announced the final investment decision and the launch of this major project. This was madeduring a ceremony held in Kampala, in the presence of  Yoweri Museveni, President of the Republic of Uganda, Philip Mpango, Vice-President of the United Republic of Tanzania, Patrick Pouyanné, Chairman and CEO of TotalEnergies, […]

AMINEX has said that its Operational activities under the Ruvuma PSA in Tanzania, where it owns a 25% carried working interest have progressed under the supervision of operator ARA Petroleum Tanzania (APT’) Seismic camp has being fully constructed, and the contractor Africa Geophysical Services (‘AGS’) is completing the mobilisation of all necessary equipment to site, […]

An offshore production rig- FPSO Trinity Spirit located at the Ukpokiti Terminal has encountered an unprecedented explosion that almost engulfed the entire production facilities. The Management of Shebah Exploration & Production Company Ltd (SEPCOL) in RECEIVERSHIP has confirmed the unfortunate explosion which occurred at the early hours of Wednesday, 2nd of February 2022 According to […]

The dividend of the recent passage of Nigeria Petroleum Industrial Act has started yielding result after years of its contention at the country’s National Assembly. The Nigerian National Petroleum Company Ltd has announced the secured of a $5bn corporate finance commitment from the African Export Import Bank to fund major investments in Nation’s Upstream sector. […]

The Zimbabwean authorities with the support of the United Nations Fund for SDGs, have set up a Renewable Energy Fund (REF) of $45 million scheme to attract investment in hydropower, solar and biomass. The country which has been hit by drought in recent years, has committed itself since COP 26 in reducing its greenhouse gas […]

Sirius Petroleum, an Africa focused oil & gas production and development company with operations in Tunisia and Nigeria has released shareholders update on the funding of the Company’s production and development transaction in respect of OML 65 in Nigeria. On 14 May 2021, the Company announced that credit approval had been secured for a senior […]