Eco continues acquisition spree with South Africa deal
Eco Atlantic Oil & Gas has struck a deal to buy another 6.25% stake in a South African block, while also raising $12.3 million.
South Africa
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.
South Africa’s IDC comes in on Prieska green hydrogen plan
Prieska Power has struck a partnership with South Africa’s Industrial Development Corp. (IDC) to develop a green hydrogen project in Prieska Northern Cape.
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?
Renergen celebrates $500mn DFC nibble
Renergen has signed an initial agreement with US International Development Finance Corp. (DFC) for a loan of up to $500 million.
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.
Shell seismic hearing begins in South Africa
Shell is having its day in court in South Africa in the matter of its offshore seismic plans, while facing an onslaught of environmental protests.
Scholz follows Senegal gas visit with Sasol SAF launch
German Chancellor Olaf Scholz attended the launch of a synthetic aeroplane fuel in South Africa today, with his local counterpart Cyril Ramaphosa.
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.
Petrofac takes over from Maersk at Tullow decom work
Tullow Oil has chosen Petrofac to carry out well decommissioning offshore Mauritania, replacing Maersk Decom.
Let Africa resolve its energy needs without interference
The African continent remains one of the most unexplored places on Earth for oil and gas deposits.
Eskom to pursue state capture accused with NPA
Eskom will work with the National Prosecuting Authority (NPA) in an attempt to tackle the state capture allegations and the continuing cable theft problem.
Anglo American launches massive hydrogen truck test
South African President Cyril Ramaphosa has overseen the launch of massive hydrogen-powered trucks at a mine in Limpopo today.
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.
Floods trigger Sasol force majeure
Floods in KwaZulu-Natal have disrupted some of Sasol’s chemical exports, the company has said, while reaffirming its hedging plans.
Eskom denies total blackout concerns amid widespread load shedding
South Africa has been struck by severe load shedding, although Eskom has denied that the country is facing a total blackout.
Eco Atlantic tops up Gazania drilling pot
Eco Atlantic Oil & Gas has put $20 million into escrow for its share of drilling expenses on the Gazania-1 well, on Block 2B offshore South Africa.
South Africa launches Bid Window 6
South Africa’s Department of Mineral Resources and Energy (DMRE) has launched Bid Window 6.
Mozambique president launches Temane project
Mozambique President Filipe Nyusi has ceremonially laid the first stone for the Temane project.
South Africa’s CEF eyes stake in Renergen’s gas project
South Africa’s Central Energy Fund (CEF) is considering buying into Renergen’s Virginia gas project, paying 1 billion rand ($69 million) for a 10% stake.
Ivanhoe Mines takes Renergen stake, with eyes for more
Ivanhoe Mines is buying a minor stake in South Africa’s LNG and helium producer Renergen – with an option to scale up its involvement.
South Africa’s DMRE flies the flag for hydrocarbons
South Africa has made clear it is not moving away from hydrocarbons in the near term, talking up exploration plans and gas imports, in addition to scope for new coal generation.
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.
Norfund, CDC back H1 in South Africa mission
Norfund and the UK’s CDC Group have set out a 600 million rand ($39mn) investment in H1 Capital. The aim is to support clean energy projects in South Africa.