Invictus sharpens focus on Zimbabwe drill plans
Invictus Energy has secured long-lead items for its planned two-well programme and launched a capital raising programme, as it targets drilling in the first half of the year.
Zimbabwe
South Africa opens up Gas Master Plan
South Africa sees it as “imperative” to add more gas suppliers, in order to help develop the local sector.
UK drops red list travel rules for African states
The UK has removed all 11 countries from the red list in the face of international pressure.
Algy Cluff lines up Zimbabwe farm-in option
Australian minnow Invictus Energy has struck a farm-in option, giving Cluff Energy Africa a potential 25% stake in the Cabora Bassa project.
Invictus completes seismic shoot on Cabora Bassa
Invictus Energy has completed its 2D seismic survey on Zimbabwe’s Cabora Bassa, exceeding its licence commitments.
Sun Exchange signs up additional ARCH support
ARCH Emerging Markets Partners has invested a further $2.5 million in South Africa-based Sun Exchange.
Invictus preps for Muzarabani seismic
Zimbabwe-focused Invictus Energy expects to begin acquiring seismic in the first week of September.
Zimbabwe faces arbitration over currency payments
A hydropower plant in Zimbabwe is taking the local utility to international arbitration over a dispute on what currency should be used in payments.
UK sanctions Equatorial Guinea VP, Zimbabwe exec
The UK has announced new sanctions against five people, including officials in Equatorial Guinea and Zimbabwe.
Invictus scraps partner talks on Zimbabwe project
Australia’s Invictus Energy has scrapped a farm-in agreement for its Cabora Bassa project in Zimbabwe.
Invictus on track for seismic in July
Invictus Energy is on track to begin its seismic campaign, in Zimbabwe, in July, with mobilisation under way.
Tanzania to follow Namibia for Matrix
Malvin Chiwanga’s Matrix Petroleum has recently set out a plan to enter Namibia, while next up is Tanzania.
Polaris wins Zimbabwe seismic from Invictus
Invictus Energy has signed up Polaris Natural Resources to acquire 2D seismic in Zimbabwe’s Cabora Bassa Basin.
Penspen wins Feruka-Harare pipeline work
Petrozim Line has awarded a 10-month engineering contract to Penspen, on the Feruka-Harare pipeline in Zimbabwe.
Invictus raises cash for Zimbabwe seismic, drilling
Australia’s Invictus Energy has completed a capital raise of A$8 million ($6.1mn), which it will use to progress work on its Zimbabwean hopes.
Sun Exchange takes Zimbabwean leap
South Africa’s solar leasing platform Sun Exchange has launched plans for expansion in Zimbabwe, providing power and storage for an agricultural exporter.
Plunge in to African hydropower
A number of options have been suggested to address Africa's need for electricity, but hydropower has often been overlooked.
US sanctions Libyans, Zimbabweans
The US has set out sanctions against fuel smugglers in Libya and a businessman in Zimbabwe, amid a wider move by the country to bring pressure to bear on foreign interests.
Efora’s pan-African outlook
Efora Energy sees its future as balanced between the exploration assets, where it began, and the fuel supply side, where it has focused in recent times.
Trafigura distances itself from Zimbabwean exec
Trafigura is taking control of its fuel supply business in Zimbabwe with the purchase of a 51% stake from Sakunda Holding, owned by controversial Kudakwashe Tagwirei.