Impact aims to raise cash for Venus, teases development option
Impact Oil & Gas has set out an open offer to raise up to $60 million in order to finance its participation in Namibia’s Venus discovery.
Namibia
Searcher relaunches seismic plans, as SA ponders energy future
Searcher Seismic has filed for a new application to shoot 3D seismic offshore South Africa, in what is set to be a new test for the country’s willingness to approve such work.
ReconAfrica kicks off hotly watched drill campaign
Reconnaissance Energy Africa has launched its second phase of drilling, with the highly anticipated 8-2 well begun on the weekend targeting a potential 799 million barrels.
ReconAfrica, critics slug it out ahead of return to drilling
The war of words between Reconnaissance Energy Africa (TSX-V: RECO) and various environmental critics shows no signs of abating as the company nears a return to drilling.
Sobriety has the upper hand, for now, in exploration
A small group of deep-pocketed companies increasingly dominates exploration and, as yet, they are avoiding the boom-and-bust mentality of previous oil cycles.
Talking energy security, Namibian hydrogen eyes European role
Europe needs new sources of energy, particularly zero carbon energy, while Namibia offers abundant solar and wind. Can hydrogen bridge the gap, providing scope for both to prosper on the route to net zero?
IHS sketches out development plans for Africa’s Atlantic discoveries
Major deepwater discoveries will require major project developments to commercialise, with gas playing a crucial role, analysts from IHS Markit have said during a recent webinar, in association with the African Energy Chamber.
ReconAfrica, Invictus near launch of drilling
Reconnaissance Energy Africa and Invictus Energy are both nearing drilling, as they seek to prove up onshore hopes around Namibia and Zimbabwe respectively.
Exploration is back on the menu in Africa, with big finds and strong prices
Exploration is back, emissaries of some of the world’s top oil companies have said, with Africa in a strong position to meet new demand.
TotalEnergies readies for Nigeria drilling
TotalEnergies is in the process of securing a rig to drill up to nine development wells, and two exploration/appraisal wells on Nigeria’s OML 130, Africa Oil has said.
2022 is already witnessing increased deals activity
The events of the past two years have accelerated mergers & acquisitions trends in Africa, and 2022 is already witnessing increased deals activity.
Amid high-priced wells, ReconAfrica posts big numbers
Reconnaissance Energy Africa has posted documents shedding light on some of its challenges – but also some of the major prospectivity in Namibia’s Kavango Basin.
Namibia eyes Shell, TotalEnergies production in 2028
Namibia aims to reach production from its Venus and Graff discoveries by 2028, Immanuel Mulunga, managing director of Namcor has said.
Namibia’s next great hopes, beyond Venus and Graff
Namibia has leapt to the forefront of exploration thinking with the Venus and Graff discoveries earlier this year, but there are opportunities beyond TotalEnergies and Shell.
ESG uncertainty continues to disrupt industry M&A
High energy prices have revived interest in Africa’s oil and gas, but financing remains painfully hard to secure, amid ESG uncertainty.
Africa Energies Summit sets out line up for May show
The Africa Energies Summit will be held in London from May 17 to 19, with the show expanding beyond oil and gas and into power.
ReconAfrica sets out 2022 drilling plans, play analysis
ReconAfrica has confirmed plans for at least three test wells this year, plus a sidetrack of the 6-2 well, beginning in the second quarter.
Eco completes Azinam purchase, eyes Q3 drilling
Eco Atlantic Oil & Gas has completed its acquisition of Azinam Group, setting the stage for drilling offshore South Africa late this year.
Tullow flexes positive plans on improved optimism
Amid higher oil prices, Tullow Oil is beginning to scale up its growth plans once more, raising near term possibilities for drilling around TEN and further out plans for gas and Kenya.
Qatar pledges training help for Namcor following major finds
QatarEnergy (QE) has signed up to support Namcor, following two high-profile discoveries in the Southern African state.
Stranded asset risk in Africa on the rise
Investments in Africa’s oil and gas risk undermining a move to lower carbon energy sources and are at risk of becoming stranded assets, according to a new report.
Namibia aims for green hydrogen production in 2023
Namibia’s Ohlthaver & List (O&L) Group and CMB.Tech plan have agreed to begin construction of a hydrogen plant, aiming for first production by the end of 2023.
TotalEnergies makes significant splash at Venus
TotalEnergies has made a “significant” discovery at the Venus 1-X well, offshore Namibia.
Sasol skips dividend with focus on transformation
Sasol has reported EBIT of 24.3 billion rand ($1.6bn) for the six months ending on December 31, 2021, up 12%.
Eco firms up Azinam deal amid Graff fervour
Eco Atlantic Oil & Gas has signed a definitive agreement to acquire Azinam Group, focused on the emerging areas off South Africa and Namibia.