The African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, is supporting the advancement of Mozambique’s energy industry and economy by committing up to US$400 million in guarantees and direct lending to the Area 1 LNG Project. The total Project is estimated to cost about US$24 billion and is set to be the largest […]

Tower Resources plc an oil and gas company with a focus on Africa has announced an update on its activity in respect of license PEL 96 in Namibia, covering blocks 1910A, 1911 and 1912B off Namibia. Tower has noted the announcement by Global Petroleum Ltd of updated prospective resource estimates in respect of its license PEL 94, […]

Global Petroleum Limited an exploration and production company with focus in African region has announced that  in connection with its licence PEL0094 (Block 2011A), offshore Namibia, the Ministry of Mines and Energy in Namibia has agreed to extend the licence sub-period from September 2020 to September 2021 and also to modify the work commitments. Global […]

Reconnaissance Energy Africa Ltd.( ReconAfrica)  exploration and production company with operations in southern African region has said that it has received from the Namibia Ministry of Mines and Energy (MME) a letter which declares the planned drilling operations in the kavango basin to be undertaken in Q4 2020 by the company.  The Company will now […]

Mozambique LNG is one of several projects being developed in the country’s northernmost province of Cabo Delgado after one of the biggest gas finds in a decade off its coast. Together, the projects are worth some $60 billion. The lucrative nature and the important of this project cannot be over emphasized owning to its prevailing […]

The Japan Bank for International Cooperation (JBIC) has signed on a loan agreement in project financing amounting up to USD3 billion with MOZ LNG1 FINANCING COMPANY LTD in Abu Dhabi, United Arab Emirates. The loan is extended under JBIC’s Growth Investment Facility. It is co-financed with the African Development Bank (AfDB), the Export-Import Bank of the […]

Total the French oil exploration and production giant has secured $15.8 billion in funding for its massive liquefied natural gas (LNG) project in northern Mozambique, according to South African lender FirstRand’s local unit, FNB Mozambique. But the oil giant is yet to officially comment on this. In a recent development, FNB Mozambique said the financing […]

Reconnaissance Energy Africa (ReconAfrica) has announced that the Company has completed a comprehensive subsurface evaluation delineating large scale, prospective conventional hydrocarbon bearing structures, throughout the entire Kavango Basin. The primary objective of ReconAfrica’s initial three well drilling program, scheduled for Q4 of 2020, is to confirm a thick, active, petroleum system throughout the deep Kavango […]

Sasol an international integrated chemicals and energy company with presence in 31 countries has given up its exploration license in Blocks 16 & 19 offshore Mozambique. This was sequel to an evaluation of the exploration potential of the blocks and an assessment of the report of the pre-feasibility phase of the Environmental Impact Assessment (EIA). […]

Mozambique’s national petroleum institute INP said that the country’s natural gas and liquefaction projects remain in line with the schedule agreed between the government and investing companies. INP’s chairman Carlos Zacarias recently in a press conference said that despite the suspension of activities in Afungi due to the Covi-19 pandemic, implementation activities for the Eni’s […]