NAMIBIA: Independent 3rd Party Natural Gas Resource Report for the Damara Fold Belt, Kavango Basin Indicates Significant Upgrade in Prospective Resources to 22.4TCF

Reconnaissance Energy Africa has announced an updated prospective resource estimate supported by a Prospective Resource Report (dated June 22, 2023 with an effective date of March 31, 2023) focused solely on the new Damara … Read More

NAMIBIA: Galp Energia Secures Contract for Semi-Submersible Rig Hercules

SFL Corporation has signed a contract with a subsidiary of Galp Energia for the harsh environment semi-submersible rig Hercules with an estimated contract value of approximately $50 million. The contract is for … Read More

NAMIBIA: Africa Oil Adds Stake in Impact Oil & Gas Limited with USD 95.0 million Placement

Africa Oil has announced that it has participated in a USD 95.0 million Open Offer by Impact Oil & Gas Limited, the privately–owned, African–focused exploration company. The capital raised shall be used … Read More

South Africa’s Luiperd-Brulpadda Gas Fields Represent Huge Opportunities; We Must Not Let Them Pass Us By

By NJ Ayuk When South Africa entered the year 2023, it did so as a country that was thoroughly dependent on imports to meet its demand for natural gas. This … Read More

NAMIBIA; Pancontinenta Provides PEL 87 Update

HIGHLIGHTS Pancontinental Energy has provided the following project update regarding the Company’s PEL 87 exploration permit, offshore Namibia. PEL 87 3D Seismic Survey The 6,872 km 2 PEL 87 3D survey is being acquired by Petroleum Geo-Services’ Ramform Titan survey vessel, providing extremely high efficiency data acquisition … Read More

NAMIBIA: Global Petroleum Reports 88% Increase in Prospective Resources Estimate for the Marula prospect in PEL0094

Global Petroleum has announced an updated estimate of Prospective Resources for its licence PEL0094, offshore Namibia. Global holds a working interest of 78 per cent in the Licence, and is … Read More

NAMIBIA: Shell Makes Oil Discovery in the Jonker-1X Deep-water Exploration Well

QatarEnergy announced a light oil discovery in the Jonker-1X deep-water exploration well drilled in the PEL-39 Exploration License, offshore Namibia. The Jonker-1X well was drilled to a total depth of … Read More