Africa Energy has released reports that Eco (Atlantic) Oil & Gas has deposited approximately US$20 millionin escrow to support its capital expenditure requirements for the Gazania-1 well on Block 2B, offshore South Africa, after closing the acquisition of Azinam Group Limited.   “We are excited to move forward on Block 2Band drill the Gazania-1 oil exploration […]

Luanda & London, 11 April 2022: Somoil S.A., the largest privately owned Angolan oil company, and Sirius, an Africa focused oil & gas production and development company, are pleased to announce that the joint Somoil-Sirus consortium, (‘the Somoil-Sirius Consortium’ or ‘the Consortium’), has been awarded the exclusive right to acquire participating interests of 8.28% and 10% respectively in the producing Angolan offshore blocks […]

Afentraplchas confirmed that SonangolE.P has announced that Afentra has been selected as preferred bidder to purchase interests in Block 3/05 and Block 23. This follows the announcements on 8 October 2021 and 3 February 2022 that the Company had submitted a non-binding expression of interest for the two blocks which resulted in the subsequent suspension […]

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 […]

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 […]

Eni has embarked on a major upgrade of the resource base in the Ndungu field, located approximately 130 km off the coast and about 10 km from the Ngoma FPSO in the West Hub of block 15/06. The Ndungu 2 appraisal well was drilled 5 km away from Ndungu 1 and stroke 40 m of […]

The arrival of the $2.5bn floating Coral South facility in Mozambique could help revive the country’s potentially transformative LNG sector, as the government assures oil and gas majors that the security situation is under control. A floating plant for liquefying natural gas arrived in Mozambican waters on January 3 after a seven week maritime voyage […]

Eco (Atlantic) Oil & Gas has confirmed that the company and Azinam Group Holdings have completed all conditions required to be completed in order to close Eco’s acquisition of Azinam save and accept for receipt of the final approval of the TSX Venture Exchange.February 8, 2022Eco (Atlantic) Oil and Gas Ltd Announced that the Share […]

Bp and Eni confirmed  that they have signed an agreement to form a new 50/50 independent company, Azule Energy [a bp and Eni Company], through the combination of the two companies’ Angolan businesses. The agreement follows the memorandum of understanding between the companies agreed in May 2021. Azule Energy will be a new international energy […]

Africa Oil and TotalEnergies {operator}have announced major light oil discovery in Block 2913B, offshore Namibia. Africa Oil has an indirect interest in this block through a 30.9% shareholding in its investee company Impact Oil & Gas Limited with a 20% working interest in the block. “TotalEnergies has made a significant discovery of light oil with associated gas […]