Few companies are paying down debt while staying bullish on exploration plans, but Africa Oil is an exception.
Shell has struck a deal to farm into Kosmos Energy’s portfolio offshore Sao Tome & Principe, Suriname, Namibia and South Africa.
Frontier Energy has gone online with its highly regarded Africa E&P Summit, due to take place on September 16 and 17.
Canada’s ReconAfrica has produced a technical evaluation on the entire Kavango Basin, in Namibia and Botswana.
Renaissance Oil Corp. has lined up an entry into Botswana in a bid to diversify its focus away from Mexico.
Reconnaissance Energy Africa has pushed back plans to drill in Namibia until the second half of this year.
The Africa E&P Summit, which had been due to be held on May 20-21, has been pushed back to October 21-22.
Coronavirus has begun to spread in Africa, triggering governments to impose lockdowns and take steps to tackle the pandemic.
Kosmos Energy has set out plans to reduce planned capital expenditure in 2020 to under $250 million.
Kosmos Energy has reported a net loss of $36 million for the fourth quarter of 2019, although free cash flow reached $139mn for the period.
ReconAfrica has lined up a drilling rig to work on its licence in Namibia’s Kalahari Desert.
Total has awarded contracts to Maersk Drilling for three wells, in Angola and Namibia, using the seventh-generation Maersk Voyager drillship.
Chariot Oil & Gas is covered for its near-term work commitments but to step ahead it must sign up partners for its various projects.
Chariot Oil and Gas has booked the Ocean Rig Poseidon to drill one firm and one optional well off Namibia.
Agreement has been reached between joint venture partners to drill an exploration well on the Cormorant prospect in Namibia.
Exploration and production company Eco Atlantic has cleared another hurdle on its way to drilling a well off the coast of Namibia.
Global Petroleum has struck a deal with Seabird Exploration to buy 834-kilometres worth of 2D seismic data covering a Namibian licence. The survey will provide London and Brisbane-based Global Petroleum with more detail on the Gemsbok prospect. The survey will start late June or early July and take about two weeks to complete.
Africa-focused Impact Oil and Gas said today that it had raised $12.3million through an underwritten open offer.
First Solar has won a contract to help power the Otjozondjupa Solar Park in Namibia.
Chariot Oil & Gas has completed the 3D seismic survey over two blocks offshore Namibia.
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.