Oil and gas company Eco Atlantic has signed a Memorandum of Understanding to acquire 100% of Azinam Group including Azinam's entire offshore asset portfolio, in return for a 16.65% equity stake in the enlarged group on completion of the acquisition…
Qatar Petroleum has signed agreements with France's TotalEnergies to acquire interests in three offshore exploration blocks in South Africa.Subject to regulatory approvals, Qatar Petroleum will hold a 25% stake in the South Outeniqua block, a 30% interest in the DWOB block…
Oil companies Azinam and Panoro Energy have completed their previously announced acquisitions of stakes in Block 2B offshore South Africa, e containing the A-J1 oil discovery from 1988, from Africa Energy Corp.Azinam has taken 50 percent and will become the operator…
French submarine cables services company Orange Marine has ordered a new cable repair vessel for delivery in 2023.The specialized newbuild was designed by VARD in Norway and will be built at Sri Lankan shipyard Colombo Dockyard. The 1,800 dwt vessel is 100 meters long with a beam of 18…
Norwegian seismic acquisition company PGS has started an ultra-high-density seismic survey in the Barents Sea. The survey extends Hammerfest Basin coverage further west and north into the southern Loppa High. The first data will be available Q4 2020…
Norwegian offshore survey company Electromagnetic Geoservices has signed a letter of intent with a minimum value of $3.6 million from an undisclosed client for a survey offshore Namibia.Under the terms of the pending data licensing agreement…
Canadian oil company Africa Oil has received the South African government's approval to buy into the offshore block 3B/4B.Africa Oil will acquire a 20% stake in the Block 3B/4B Exploration Right from Azinam. It will also assume operatorship for the joint venture partners…
South Africa is committed to fast-tracking the finalization of the proposal to split the pending Minerals and Petroleum Resources Development Bill to have a separate legislation and specific regulatory framework for the oil and natural gas sector…
After a disappointing well-drilling venture offshore Namibia in the fourth quarter of 2018, Guernsey-registered hydrocarbons exploration and production company Chariot Oil & Gas has no immediate plans for additional exploration wells in this driest country in Sub-Saharan Africa…
As many as six high impact wells are yet to be completed this year around Africa, after several consecutive low-activity years with only a few positive results.According to the energy research and business intelligence company Rystad Energy…
South Africa’s offshore space is getting busier ahead of the finalization of the country’s oil and gas regulatory framework as more well-endowed exploration firms position themselves for a long-drawn exploration of the country’s under-explored offshore hydrocarbon reserves…
South Africa continues to make progress in its endeavor to woo increased investment in the country’s highly under-developed offshore oil and gas market as the government’s slow and delayed plan to make cuts on crude oil imports begins to take shape…
The marine geophysical company Petroleum Geo-Services (PGS) has announced new large-scale 2D multiclient project. This PGS regional-scale 2D GeoStreamer seismic survey will stretch 11 000 km, from the Namibian border to Cape Agulhas, covering large…
Pancontinental Oil & Gas has signed a petroleum agreement (PA) for its second block offshore Namibia. Under the agreement, the firm has committed to a four-year exploration program. Pancontinental also will become project operator with 75% interest in Block 2713 in the Orange Basin…
French oil giant Total has agreed a farm-in deal with UK based independent Impact Oil and Gas, which will see it take major stakes in deepwater blocks offshore Namibia and South Africa. Total has acquired 70% of Impact’s interests in Block 2913B…
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