Africa Energy has disclosed that, following the signing of non-binding agreements previously announced on December 20, 2024, the Company, Arostyle Investments (RF) Proprietary Ltd., and Main Street 1549 Proprietary Ltd. have now executed definitive binding agreements to restructure the Company’s and Arostyle’s investment in Main Street. Main Street currently has a direct 10% participating interest […]

South Africa has officially established its new state-owned oil corporation—South African National Petroleum Company (SANPC). The launch—which follows the merger of PetroSA, iGas and the Strategic Fuel Fund—signals the rise of an integrated oil company in South Africa, paving the way for greater accountability, efficiency and profitability in the country’s petroleum sector. South Africa has […]

Corcel Plc, the pan Angola-Brazil focused energy company has announced that, through its subsidiary Atlas Petroleum Exploration Worldwide Ltd (APEX), it has conditionally acquired an additional 30% gross interest in its operated Block KON-16 in the Kwanza Basin, onshore Angola, from a joint venture partner of the block, subject to Governmental approval. Concurrently, Corcel is […]

Eco (Atlantic) Oil & Gas, an Atlantic Margin-focused oil and gas exploration company, provides an update on activities in its entry into Block 1 offshore South Africa, located in the proven and highly prospective Orange Basin. Eco, through its wholly owned subsidiary Azinam South Africa, has entered into a Farm-In Agreement with Tosaco Energy to […]

Patrick Pouyanne, the CEO of the French oil and gas company, TotalEnergies, which heads the Mozambique LNG Project, located on the Afungi peninsula, in Palma district, in the northern province of Cabo Delgado, has announced that operations may resume by the middle of this year. According to Pouyanne, and disclosed by the LNG Prime Media […]

Industry leaders reaffirmed their commitments to exploration, local content and financial strategies at the 7th Namibia International Energy Conference in Windhoek At the Namibia International Energy Conference (NIEC) on April 23, industry leaders from Chevron, the National Petroleum Corporation of Namibia (NAMCOR) and Rand Merchant Bank (RMB) outlined critical developments in the country’s oil and […]

Impact Oil & Gas, a privately owned, Africa-focused exploration company, has announced the conclusion of the third drilling campaign offshore Namibia after the completion of drilling operations on the Marula-1X exploration well in Block 2913B (PEL 56). Impact has a 9.5% interest in Blocks 2912 and 2913B in Namibia’s Orange Basin. Africa Oil through its […]

…..and to Act on Fiscal Stability By NJ Ayuk, Executive Chairman, African Energy Chamber The world is watching Namibia. To be more specific, the energy world is watching. This was evident at the recently concluded Namibian Internation Energy Conference.  Ever since oil and gas majors, Rhino Resources, Galp Energia, Shell and TotalEnergies announced massive hydrocarbon discoveries in […]

bp has confirmed the preliminary results of the Capricornus 1-X exploration well in Namibia’s Orange Basin, as reported by operator Rhino Resources. Petroleum Exploration License 85, where the well was drilled, is operated by Rhino Resources with a working interest of 42.5%. The Capricornus 1-X well, spudded on 17 February using the Noble Venturer drillship, reached total depth on 2 April, […]

Reconnaissance Energy Africa has signed an agreement for a joint exploration project in Angola with the Agência Nacional de Petróleo, Gás e Biocombustíveis or National Oil, Gas and Biofuels Agency (ANPG).ReconAfrica has entered into a Memorandum of Understanding (“MOU”) with ANPG for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. […]