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Africa Oil Announces 2020 Fourth Quarter Results

Highlights Africa Oil fourth quarter net income of $79.8 million and full-year net income of $198.0 million, excluding a $215.6 million non-cash impairment of Kenya exploration assets posted in the first quarter 2020. Strong quarterly profit contribution … Read More

Carbon-Neutral or Green LNG: A Pathway Towards Energy Transition

Dr Hussein Moghaddam, Senior Energy Forecast Analyst, Energy Economics and Forecasting Department – GECF Secretariat Introduction According to the latest, 2020 edition of the GECF Global Gas Outlook 2050, the … Read More

SOUTH AFRICA: Tower Resources Enters the Second Exploration Period of the Algoa-Gamtoos license

Tower Resources has announced that its subsidiary Rift Petroleum Ltd, together with Operator and 50% partner New Age Energy Algoa (Pty) Ltd, has now formally agreed to enter the Second … Read More

SOUTH AFRICA: Total Makes Gas Discovery on the Luiperd Prospect

Total has made a significant gas condensate discovery on the Luiperd prospect, located on Block 11B/12B in the Outeniqua Basin, 175 kilometers off the southern coast of South Africa. This … Read More

SOUTH AFRICA: Total Begins Drilling of Luiperd-1X Offshore Well in Block 11B/12B

Block 11B/12B JV partner Africa Energy has announced spud of the Luiperd-1X well, the second exploration well on Block 11B/12B offshore South Africa following the Brulpadda discovery in February 2019. Jan Maier, Africa Energy’s VP … Read More

SOUTH AFRICA: Africa Energy Increases Stake in Block 11B/12B

Africa Energy  has announced the signing of definitive agreements to increase its effective interest in Block 11B/12B offshore South Africa from 4.9% to 10%. “Block 11B/12B offshore South Africa contains one of the most exciting oil … Read More

DeepSea Stavanger Drilling Arrives in Cape Town

Mineral Resources and Energy Minister Gwede Mantashe has welcomed the arrival of the oil and gas drill rig – DeepSea Stavanger in Cape Town. The rig has been commissioned by … Read More

Deepsea Stavanger starts mobilization to South Africa

Odfjell drilling has reported that from 19 May 2020, the Deepsea Stavanger  started its mobilization to South Africa for the Luiperd prospect under the Total contract in  offshore Block 11B/12B … Read More

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