SOUTH AFRICA: Eco Atlantic Acquires Additional Interest in Block 3B/4B

Eco (Atlantic) Oil & Gas has signed a farm-out agreement pursuant to which its wholly-owned subsidiary, Azinam Limited, will acquire an additional 6.25% Participating Interest in Block 3B/4B, offshore South Africa … Read More

Scatec signs Power Purchase Agreements under South Africa’s RMIPPPP

Scatec ASA has signed the power purchase agreements for the three Kenhardt projects in the Northern Cape Province of South Africa, under the Risk Mitigation Independent Power Producer Procurement Programme … Read More

Panoro Energy Provides 2022 Operations Update

Equatorial Guinea (Panoro: 14.25%) Q1 2022 working interest production averaged approximately 4,968 bopd (gross production 34,866 bopd) Operator Trident Energy is undertaking a workover programme at the Okume Complex and … Read More

SOUTH AFRICA: Eco Atlantic Deposits $20M as Capex for the Gazania-1 well on Block 2B

Africa Energy Corp. has reported that Eco (Atlantic) Oil & Gas Ltd. has deposited approximately US$20 million in escrow to support its capital expenditure requirements for the Gazania-1 well on Block 2B offshore South … Read More

SOUTH AFRICA/NAMIBIA:Eco Atlantic Receives TSXV Approval for the Closing of the Azinam Acquisition

Eco (Atlantic) Oil & Gas has confirmed that it and Azinam Holdings Limited have now received final approval from the TSX Venture Exchange for Eco’s acquisition (through a wholly-owned subsidiary) of Azinam … Read More

Eco Atlantic Provides New Competent Person’s Resource Report on Namibia and South Africa Assets

Eco (Atlantic) Oil & Gas has announced the publication of an updated NI 51-101 compliant Competent Person’s Report on its assets Offshore Namibia and Offshore South Africa. The CPR was … Read More

Gas Output from Sub-Saharan Africa set to Double by 2030, Driven by Deepwater Developments

Untapped natural gas supplies in Sub-Saharan Africa are set to be unleashed this decade, with output more than doubling from 1.3 million barrels of oil equivalent per day (boepd) in … Read More