South Africa
News
February 13, 2025
The upcoming launch of the South African National Petroleum Company reflects a broader trend across Africa, where nations are restructuring their state-owned energy enterprises to attract investment, improve efficiency and enhance energy security.
News
January 13, 2025
Eco (Atlantic) Oil & Gas Ltd. announced completion of its transaction with Africa Oil Corp. and Africa Oil SA Corp (AOSAC) for the sale of a 1% Participating Interest in Block 3B/4B, and replacement of a member of the board.
News
November 29, 2024
South Africa is in talks to obtain liquefied natural gas from Qatar as the country faces a decline in supplies from neighboring Mozambique in the coming years.
News
November 27, 2024
Reconnaissance Energy Africa Ltd. announces that it has reached total depth (TD) of 4,184 meters (13,727 feet) on the Naingopo exploration well on Petroleum Exploration License 073 (PEL 73), onshore Namibia.
News
November 11, 2024
South Africa’s Minister of Mineral and Petroleum Resources Gwede Mantashe on Thursday reiterated that the country was committed to developing its oil and gas sector, despite external pressures to transition to a greener economy.
News
November 04, 2024
(Bloomberg) – Some oil explorers are “not satisfied” with South Africa’s industry rules that were signed into law last month, according to a lobby group. The Upstream Petroleum Resources Development Act includes regulations for the ownership and development of oil and gas blocks.
News
October 29, 2024
(Bloomberg) — The National Petroleum Corp. of Namibia aims to triple its stake in future oil and gas projects to 30% as the southern African nation is set for a surge in activity following multiple offshore discoveries.
News
October 23, 2024
(WO) — Namibia’s next wave of offshore oil drilling is set to begin with the arrival of a rig near an existing discovery made by Galp Energia SGPS S.A.
News
October 11, 2024
Eni SpA has received significant interest for its next FLNG project in Mozambique, even as international lenders face growing pressure to reduce exposure to fossil fuels.
News
July 29, 2024
TotalEnergies has announced its withdrawal from offshore Blocks 11B/12B and 5/6/7 off the southern coast of South Africa. This decision follows the exit of partner CNRI from Block 11B/12B, where TotalEnergies EP South Africa holds a 45% interest.
News
July 26, 2024
TotalEnergies sold its stake in 18 Nigerian onshore oil licenses to Chappal Energies. This reflects a trend of junior explorers and African national oil companies acquiring onshore assets as global majors focus on offshore projects.
News
March 06, 2024
Located within the prolific Orange basin, 200 km off the western coast of South Africa, Block 3B/4B covers an area of 17,581 km2. Block 3B/4B is adjacent to the DWOB license operated by TotalEnergies (50%) alongside QatarEnergy (30%) and Sezigyn (20%).
News
December 15, 2023
Invictus Energy Ltd. has made a second gas discovery in the Mukuyu-2 well at its 80% owned Cabora Bassa project in Zimbabwe. The findings in both the Upper and Lower Angwa reservoirs substantially increase the resource potential in the Mukuyu gas field.
News
August 11, 2023
"It is wrong for Western environmental lobbies to interfere with Africans’ chance to build a better future with their oil and gas resources — just as the environmentalists' home countries have," writes NJ Ayuk of the African Energy Chamber.
News
March 30, 2023
South Africa has taken a proactive approach to developing its renewable energy sector and attracting investors.
News
March 29, 2023
"I believe South Africa should also continue to build upon intra-African collaboration, using African resources to generate and deliver energy domestically rather than exporting it abroad, said NJ Ayuk, Executive Chairman of the African Energy Chamber.
News
March 23, 2023
Seismic surveys use sound waves to help oil and gas companies build an image of hydrocarbon deposits buried deep underground. They are considered a fast and efficient way to map out new reserves, which is essential given that the world’s oil and gas supplies are dwindling even as energy demand is soaring, and renewables aren’t ready to do the heavy lifting of keeping the lights on around the globe.
News
March 21, 2023
Currently, the South African energy situation represents an economically challenging one, with the report identifying that the year 2022 witnessed new electricity outage records, with an over 300% increase in outage hours compared to 2021.
News
March 21, 2023
Eco Atlantic Oil & Gas Ltd., the oil and gas exploration company focused on the offshore Atlantic Margins, and its partners are applying for Environmental Authorization to undertake exploration activities in Block 3B/4B in the Orange Basin off the Northern Cape/South-West Coast of South Africa.
News
March 09, 2023
RISC’s analysis of the license identifies total Unrisked Gross P50 Prospective Resources of approximately 4 Bboe. Exploration risk for the identified prospects and leads were assessed by RISC to range from 15% to 39%.
News
December 21, 2022
The revised initial exploration period will now expire in January 2024. Three additional periods totaling six years are available after the current period, with further possible extensions thereafter.
