Pancontinental Energy has announced that its wholly owned subsidiary Pancontinental Orange Pty Ltd has received a fully signed document extending the current Initial Exploration Period of offshore Namibian Petroleum Exploration Licence 87 (PEL 87) by one year, until 23 January 2023. Following the Initial Exploration Period, there are provisions in the PEL 87 Petroleum Agreement […]

The Chairman of SONATRACH, Toufik Hakkar, and Eni CEO, Claudio Descalzi, signed today a Memorandum of Understanding (MoU) in Rome aimed at accelerating the development of gas fields in Algeria and decarbonisation via green hydrogen. The signing ceremony was witnessed by the President of the People’s Democratic Republic of Algeria Abdelmadjid Tebboune and the Italian […]

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 18 and 31 from Sonangol, […]

Afentra plc has announced that its wholly-owned subsidiary, Afentra (Angola) Ltd, has signed a Sale and Purchase Agreement (SPA) with Sonangol Pesquisa e Produção S.A  to purchase interests in Block 3/05 and Block 23, offshore Angola for a firm consideration of $80 million and contingent payments of up to $50 million (in aggregate) in the […]

Seadrill Limited is pleased to announce a new contract has been secured by Sonadrill Holding Ltd, Seadrill’s 50:50 joint venture with an affiliate of Sonangol E.P. Sonadrill has secured a ten-well contract with options for up to eight additional wells in Angola for the West Gemini drillship. Total contract value for the firm portion of […]

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 […]