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 […]

Barely one month after Shell announced the company’s drilling campaign of the Graff-1 oil exploration well in Block 2913A, located in the Orange Basin, offshore Namibia, Shell in partnership with with Qatari state-owned petroleum company, QatarEnergy, and Namibia’s National Oil Company (NOC), NAMCOR have has made a significant oil and gas discovery at an closely-watched […]

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, today announced that its investment in the Oza oil field in Nigeria (“Oza”) is now proceeding with the following amendments. On 1 September 2020, San Leon announced that it had conditionally agreed to provide a US$7.5 million loan to Decklar […]

The Malindi solar power plant is entering commercial operation in Kenya. The facility located in Kilifi County was financed and built by independent power producer (IPP) Globeleq in partnership with Africa Energy Development Corporation (AEDC) Afrik media repors. A new solar photovoltaic plant is coming online in Kenya. The facility, which is connected to the […]