Afentra has signed a sale and purchase agreement with Sonangol for two blocks offshore Angola, with an up-front cash commitment of $80 million.
Seplat Energy has reported some slow progress at pipeline projects, but with EBITDA growing at 82% year on year it is seeing a clear benefit from higher oil prices.
Australia-listed minnow Invictus Energy has received three farm-in bids for its project in Zimbabwe, where it has also begun work constructing a well pad.
Woodside Energy has revised the subsea installation campaign schedule at its Sangomar project, in Senegal, but continues to expect first oil in 2023.
Vaalco Energy has completed a new well in the Etame field. Initial flow rates of 3,100 barrels per day of oil gross exceeding internal expectations.
The Somali Petroleum Authority (SPA) has come out swinging against analysis of its production-sharing agreement (PSA) terms in a Voice of America (VOA) article.
Namibia aims to reach production from its Venus and Graff discoveries by 2028, Immanuel Mulunga, managing director of Namcor has said.
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.
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.
Congo Kinshasa has approved plans to offer 16 blocks for exploration, although the plan has drawn opposition from Greenpeace Africa.
Eni has announced a trio of discoveries in Egypt’s Western Desert, shortly after agreeing to expand gas supplies to Europe from the North African state.
Invictus Energy expects to start drilling its major Zimbabwean prospect by July, bringing the long-awaited dream of founder and managing director Scott Macmillan to the test.
ARA Petroleum Tanzania (APT) should spud a well in Tanzania in November, partner Aminex has said, with production from Ntorya starting at the end of 2024.
Instituto Nacional de Petroleo (INP) has approved 12 of the 13 companies for pre-qualification in its sixth licence round.
Wentworth Resources has posted another strong set of results with revenues up 26% on higher production.
Eni, Equinor and TotalEnergies have submitted bids for two blocks in the Lower Congo Basin, ignoring more frontier areas in the Kwanza Basin.
Victoria Oil and Gas has been forced to suspend trading after a tribunal ruled against in relation to a dispute brought by a partner in Cameroon.
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.
CNOOC Uganda has signed a joint application agreement with Uganda National Oil Co. (UNOC) on the Pelican-Crane block.
Eni CEO Claudio Descalzi has held talks today with Egyptian President Abdel Fattah al-Sisi around gas and exports.
Vaalco Energy will focus on delivering its expansion projects this year, while avoiding any threats to production, CEO George Maxwell has said.
QatarEnergy (QE) has taken a stake in ExxonMobil’s North Marakia Offshore block, in Egypt.
Mozambique President Filipe Nyusi has ceremonially laid the first stone for the Temane project.
Mozambique has closed the pre-qualification section of its sixth bidding round with 13 companies submitting documents.
Eni believes its Ndungu field could hold 800 million to 1 billion barrels of oil equivalent in place.