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.
South Africa sees it as “imperative” to add more gas suppliers, in order to help develop the local sector.
The UK has removed all 11 countries from the red list in the face of international pressure.
Australian minnow Invictus Energy has struck a farm-in option, giving Cluff Energy Africa a potential 25% stake in the Cabora Bassa project.
Invictus Energy has completed its 2D seismic survey on Zimbabwe’s Cabora Bassa, exceeding its licence commitments.
ARCH Emerging Markets Partners has invested a further $2.5 million in South Africa-based Sun Exchange.
Zimbabwe-focused Invictus Energy expects to begin acquiring seismic in the first week of September.
A hydropower plant in Zimbabwe is taking the local utility to international arbitration over a dispute on what currency should be used in payments.
The UK has announced new sanctions against five people, including officials in Equatorial Guinea and Zimbabwe.
Australia’s Invictus Energy has scrapped a farm-in agreement for its Cabora Bassa project in Zimbabwe.
Invictus Energy is on track to begin its seismic campaign, in Zimbabwe, in July, with mobilisation under way.
Malvin Chiwanga’s Matrix Petroleum has recently set out a plan to enter Namibia, while next up is Tanzania.
Invictus Energy has signed up Polaris Natural Resources to acquire 2D seismic in Zimbabwe’s Cabora Bassa Basin.
Petrozim Line has awarded a 10-month engineering contract to Penspen, on the Feruka-Harare pipeline in Zimbabwe.
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.
South Africa’s solar leasing platform Sun Exchange has launched plans for expansion in Zimbabwe, providing power and storage for an agricultural exporter.
A number of options have been suggested to address Africa's need for electricity, but hydropower has often been overlooked.
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 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 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.