Reconnaissance Energy Africa has struck a definitive deal with Namcor to swap increase its ownership in the Kavango Basin licence.
Africa Oil (TSX:AOI) expects a number of developments in the next month or so, including the spud of the Gazania well, an extension to its licence in Nigeria and the signing of a Kenya deal.
Chevron is in discussions to enter Namibia’s offshore, Minister of Mines and Energy Tom Alweendo has said.
Reconnaissance Energy Africa has reached total depth at the 8-2 well, in northeast Namibia’s Kavango Basin.
Japanese corporates have signed around 90 agreements with African investors at the recently concluded 8th Tokyo International Conference on African Development (TICAD) in Tunisia.
Shell has contracted Northern Ocean’s Deepsea Bollsta to carry out drilling offshore Namibia under a 12-month contract.
Namibia has chosen a number of hydrogen projects to move ahead in the Erongo Valley while Hyphen Hydrogen Energy has flagged up its progress on a $10 billion project.
Namibia has approved an extension to Reconnaissance Energy Africa’s environmental clearance certificate (ECC), covering the PEL 73 area.
The Island Innovator rig is on its way to South Africa, where it should begin drilling the Gazania-1 well by the end of September.
Reconnaissance Energy Africa (TSX-V: RECO) has won a court ruling over environmental permitting for exploration in the Namibian portion of the Kavango basin.
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.
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.
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.
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.
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.
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?
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.
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, emissaries of some of the world’s top oil companies have said, with Africa in a strong position to meet new demand.
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.
The events of the past two years have accelerated mergers & acquisitions trends in Africa, and 2022 is already witnessing increased deals activity.
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 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.
High energy prices have revived interest in Africa’s oil and gas, but financing remains painfully hard to secure, amid ESG uncertainty.