January 01, 2021
Fighters linked to Islamic State raided a town less than 5 kilometers (3 miles) from the construction camp this week of what is Africa’s largest private investment, ratcheting up risks for the planned LNG export terminal on Mozambique’s northern coastline. While the heavily guarded site hasn’t been attacked yet, militants have made threats that they may do so.
December 24, 2019
South Africa published a long-anticipated draft of oil and gas legislation that will give the state a 20% carried interest in exploration and production rights, with the aim of increasing development of the industry.
November 18, 2019
Bourbon will provide Integrated Logistics services through its branch Bourbon Logistics Namibia local branch, with a well-established local partner, Logistics Support Services. Working with a solid local partner is a key aspect of Bourbon local content strategy.
November 04, 2019
Shearwater GeoServices has been given a conditional letter of award for a 2D seismic acquisition and fast-track processing project by Total E&P South Africa B.V.
September 13, 2019
South Africa’s government is drafting a new law that aims at securing it a free stake in all new oil and gas ventures, revising the terms of a proposal shelved four years ago. Oil and gas companies that have secured exploration rights have held back on costly drilling while they await clarity from the government on the commercial terms.
August 27, 2019
Total and Qatar Petroleum have signed agreements under which Qatar Petroleum will farm into Total-held exploration acreage in Namibia, Guyana and Kenya.
Africa Energy Corp. CEO Garrett Soden says exploration efforts in the region are taking off, increasing the potential for a “Johan Sverdrup-type” discovery offshore South Africa.
May 02, 2017
South Africa has found “glaring governance problems” related to a 2015 sale of the country’s crude oil reserves, Energy Minister Mmamoloko Kubayi told lawmakers.