Canadian Explorer ReconAfrica Secures $27 Million to Fast-Track Namibian Well Test as Company Deploys Takeover Defense
Canadian Explorer ReconAfrica Secures $27 Million to Fast-Track Namibian Well Test as Company Deploys Takeover Defense Canadian explorer Reconnaissance Energy Africa has completed a major financing round, raising approximately $27 million in gross proceeds to fund critical exploration activities across its portfolio in Namibia and Gabon. The company announced that it successfully closed its listed […]
Sintana Energy Eyes Indirect Stake in Namibia’s Walvis Basin Through New Partnership Canada-headquartered oil and natural gas exploration player Sintana Energy has entered into a letter of intent to secure a period of exclusivity regarding an investment that unlocks an indirect interest in PEL 37 off the coast of Namibia. The move enables a period […]
BluEnergies and TotalEnergies Join Forces for Deepwater Exploration Offshore Liberia
BluEnergies and TotalEnergies Join Forces for Deepwater Exploration Offshore Liberia BluEnergies has entered into a major agreement with TotalEnergies to jointly investigate the deepwater fan play in the Harper Basin offshore Liberia, marking a significant development for the West Africa Transform Margin. The partnership should lead to the award of a reconnaissance license over three […]
Uganda Secures $4 Billion UAE Partnership for National Oil Refinery
Uganda Secures $4 Billion UAE Partnership for National Oil Refinery Uganda’s long-awaited national oil refinery has reached a critical milestone with the government finalizing a $4 billion partnership with UAE-backed investor Alpha MBM Investments LLC, a development that could transform fuel supply dynamics across East Africa. After more than a decade of delays, the project […]
Shell Restarts $12 Billion Nigeria Deepwater Oil Project After Years of Delay
Shell Restarts $12 Billion Nigeria Deepwater Oil Project After Years of Delay In a major development for Nigeria’s petroleum sector, Shell Plc has relaunched preparatory work on the long-stalled Bonga South West-Aparo offshore oil project by issuing a new tender for a floating production, storage, and offloading (FPSO) unit. The move signals renewed momentum for […]