Oil & Gas

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...

Reconnaissance Energy Africa has reached a total depth of 4,184 metres (13,727 feet) on the Naingopo exploration well on Petroleum Exploration Licence 073 onshore Namibia. The Naingopo well is targeting 181...

BW Energy has sanctioned drilling an appraisal well targeting the Kharas Prospect north-west on the Kudu formation in the second half of 2025. Long-lead items have been secured, and the company...