Global Petroleum's subsidiary Jupiter Petroleum has agreed with the Namibian authorities a two year renewal for petroleum exploration licence 29, which covers two blocks, 1910B and 2010A, in the Walvis Basin offshore Namibia.
Operational delays affecting activity in the Democratic Republic of Congo have contributed to Sacoil issuing an earnings warning to investors.
Sirius Petroleum has been given the go-ahed to drill its proposed Ororo-2A well in Nigeria.
Statoil and joint venture partners have submitted a winning bid on the A5-A block offshore Mozambique in the fifth competitive bidding round.
Russia's Rosneft and US partner ExxonMobil has won three blocks in the fifth license round in Mozambique.
French oil major Total is expected to resume drilling offshore South Africa in the second half of 2016, part of a broader campaign to explore in Africa, according to a senior official.
Victoria Oil and Gas recorded a $50.8 million dollar loss, blaming poor relations between the West and Russia for it being unable to sell its Russian asset.
Some of Africa's most popular music stars have joined a crowdfunding scheme to invest in an oil and gas company that aims to light up the continent.
Sound Energy, the Mediterranean-focused UK independent, has signed heads of terms with Maghreb Petroleum for a 25% stake in three onshore oil and gas permits in the Sidi Moktar region of Morocco.
MX Oil said successful peforation of the reservoior on its Aje 5 well offshore Nigeria took it closer to its goal of becoming a multi-asset investment company.
The government of Angola, sub-Saharan Africa’s second-largest crude producer, cut spending by half this year following a plunge in oil prices, Vice President Manuel Vicente said.
Subsea 7 has won a contract from to deliver umbilicals and pipeline installation to a project in Egypt.
US explorer Vaalco has altered its drilling and workover programme offshore Gabon in the Etame Marin block after adverse weather forced it to reschedule.
Circle Oil, the North African focused independent, has confirmed gas has been found at its Ksiri West-A (KSR-A) exploration well onshore Morocco.
Nigeria’s state oil company recorded a loss of $1.9 billion in the first eight months of this year mainly because of fuel subsidy spending, it said in a publication that seeks to bring transparency to the organisation.
Tullow Oil has reached an agreement with the Gabon government allowing the producer to regain its 7.5% stake in the Onal Complex fields and the Ezanga block.
US exploration company Erin Energy has revealed the latest volume estimate from its offshore Ghana is approximately 500 million barrels of oil.
Solo Oil has welcomed the decision of the Tanzania Petroleum Development Corporation to back into the Kiliwani North Development Licence for a 5% working interest as a fully paying partner.
Eland Oil and Gas said today it welcomed a transparent, level playing-field for foreign investment under a new political regime in Nigeria.
Australian oil and gas explorer FAR has entered into a farm-in option agreement with a subsidiary of Trace Atlantic Oil for the Djiffere block offshore Senegal.
Chariot Oil & Gas, the Atlantic margins focused oil and gas exploration company, has said it has sufficient cash to pursue additional opportunities, including prospects in Mauritania.
Sirius Petroleum has raised a total of £1,035,000 to help fund exploration opportunities in Nigeria.
Nigerian financial and energy companies are finding it increasingly hard to get hold of foreign currency due to central bank restrictions and may struggle to repay their debts.
Africa-focused energy service company Atlas Development said today it had been approached by “a number of parties” about potential joint ventures.
Exxon Mobil has started oil production ahead of schedule at the Erha North Phase 2 project offshore Nigeria, the company said.