Africa's Oil, Gas and Energy News.
Commercial operation scheduled to start in Q4 2023; The African Development Bank (www.AfDB.org) acted as the Mandated Lead Arranger and Coordinating Bank, committing ZAR 2.306 billion to the transaction; The ZAR … Read More
Magnora is increasing its focus in the South African solar and wind market by acquiring 92% of the renewable project development company African Green Ventures (AGV). The remaining 8% will be owned by AGV … Read More
Further to the announcement on 10 January 2022, Eco (Atlantic) Oil & Gas Ltd. has confirmed that it has signed a definitive Share Purchase Agreement (SPA) to acquire 100% of … Read More
HIGHLIGHTS • Kinetiko’s third aeromagnetic survey was successfully completed in December 2021 and interpretation results now completed. • Three survey areas were included in airborne program over ER 270 and … Read More
HIGHLIGHTS Korhaan-5 drilling reached TD (Terminal Depth) at 432m. Korhaan-5 gas was sensed throughout the drilling of the Production Section and will now be logged to establish stratigraphy and gas bearing sediments. … Read More
Oil major Shell which is currently drilling the Graff-1 well is rumored to have struck light oil in the upper level of the cratecous reservoir although it it is yet … Read More
Highlights · Acquisition of a material offshore petroleum exploration asset base in Namibia and South Africa · Consideration in the form of new common shares to Azinam Holdings Limited who will own 16.65% of the … Read More
The Council of Ministers of the African Petroleum Producers’ Organization (APPO) just ended its 41st Ministerial Session with a resolve to continue the exploitation of its Member Countries’ huge oil and … Read More
The three new wells of the Korhaan Project have been successfully spudded and each well has been drilled into the dolerite sills and Korhaan-4 has been cased to 150m and … Read More
100% black-owned energy infrastructure company, DNG Energy has announced that it is commencing the delivery of liquefied natural gas (LNG) to commercial customers in the industrial, transport, marine and power … Read More
