Oil & Gas

Pancontinental Energy is now focused on two primary exploration leads within the Saturn Complex that cover a combined area of up to 1,385 km2 across PEL 87 in the Orange...

Reconnaissance Energy Africa has encountered over 50 metres of net reservoir in the Naingopo exploration within the Damara Fold under PEL 73. Reconnaissance Africa holds a 70% working interest in...

Reconnaissance Energy Africa Ltd. and BW Energy have completed the farm-down agreement announced in July 2024. The agreement saw BW Energy acquire a 20% working interest in PEL 73 onshore...

Prime Global Energies Limited has agreed to acquire 25% out of Tower Resources' 80% in PEL96, offshore Namibia, for US$2.5 million aggregate cash at completion. The farm-in agreement will be...

Namibia has approved Azule Energy's farm-out agreement with Rhino Resources in Block 2914A PEL 85 in the Orange Basin. The companies announced the agreement in May 2024. Azule Energy says that...

QatarEnergy has agreed with Harmattan Energy Limited (HEL), an indirect subsidiary of Chevron Corporation, to acquire a working interest in the PEL 90 on Block 2813B offshore Namibia. QatarEnergy will...

88 Energy says a prospective resource estimate for PEL 93 in the Owambo onshore basin is targeted for completion in the first half of 2025. This follows the internal review...

The Noble Venturer drillship is expected to arrive at Walvis Bay in the next five days to undertake a two-well exploration in the Orange Basin. It is sailing from Equatorial...

Woodside has earned an option to acquire a 56% participating interest in PEL 87 from Pancontinental. PEL 87 was awarded to a joint venture led by Pancontinental in early 2018...

Galp and its partners have encountered light oil and gas condensate in high reservoir-bearing sands on the Mopane-1A well on PEL 83 in the Orange Basin's on blocks 2813A and...