Invictus Energy has announced a private Placement to raise $10.0m, at $0.12 per share, following the Company’s decision to advance preparations for an appraisal and exploration campaign in Zimbabwe’s Cabora Bassa Basin.“I am pleased with the backing Invictus has received from both existing and new shareholders as we prepare to follow up the successful Mukuyu-1 […]

The Nigeria Sovereign Investment Authority, Nigeria’s sovereign wealth fund, and Vitol have completed a joint venture (“JV”) agreement to invest in a range of carbon avoidance and removals projects and are in the process of reaching a final investment decision on the first projects. An initial US$50 million has been committed, with a view in […]

Another FPSO has been added to existing fleet onboard Africa. This time is the new FPSO Firenze currently sailing to resume production start-up of the Baleine field, which is the largest hydrocarbon discovery in Côte d’Ivoire. Eni, in partnership with PetroCi, is celebrating the sail away of the FPSO Firenze to the Baleine field offshore Côte […]

Panoro, BW Energy have achieved first oil from the Hibiscus / Ruche Phase 1 development in the Dussafu licence offshore Gabon has been safely achieved. Production from the DHIBM-3H well, the first of six production wells in this campaign, has been initiated and stabilised at a gross rate of 6,000 bopd from the prolific Gamba […]

United Oil & Gas has given positive and progressive reports on operations in the Abu Sennan licence, onshore Egypt. United holds a 22% non-operating interest in the Abu Sennan licence, which is operated by Kuwait Energy Egypt. ASD-3 Well Spud The ASD-3 development well has now commenced drilling. This well will be drilled approx. 1.2km […]

Kinetiko Energy, an Australian gas explorer and developer focused on advanced shallow conventional gas and coal bed methane in South Africa, has provided the following update on its onshore gas exploration and production development activities. Core well 270-03C, spudded on 24 January 2023 approximately 7 km from the South Africa’s largest gas pipeline the Lily […]

In a bid to boost confidence in the transparency and continuity of the Nigeria 2022/2023 Deep Offshore Oil block Mini-bid Round process, President Muhammadu Buhari has approved the amendment of the bid round calendar to accommodate the concerns expressed by both local and international investors over the closeness of the schedule to the terminal date […]

Reconnaissance Energy Africa Ltd has announced as a result of recent data from the ongoing phase two 2-D seismic program, a significant new play type has been confirmed in the southern and western parts of the Company’s ~6.3 million acre exploration licence area in Namibia – PEL 73. This new fold belt province, the “Damara […]

BW Energy has completed the drilling and completion operations on DHIBM-3H, the first production well of the Hibiscus / Ruche Phase 1 development campaign in the Dussafu licence offshore Gabon. Responsibility for the DHIBM-3H well has been handed over to the production team which will finalise preparations for production start-up. First oil from the well […]

San Leon has announced a further update in relation to the proposed transactions with Midwestern Oil & Gas Company Limited and the Company’s further conditional investments in ELI (together the Proposed Transactions),  its current refinancing discussions; and an Energy Link Infrastructure (Malta) Limited (ELI) operational update. Details of the Proposed Transactions were announced by the […]