Australia-based Invictus Energy, which is conducting a high-impact exploration programme in the Cabora Bassa Basin in northern Zimbabwe, one of the last untested large frontier rift basins in onshore Africa, has reported promising results from its Mukuyu-2 sidetrack well in the Lower Angwa formation
The president of the African Development Bank Group, Akinwumi Adesina, has reiterated his warning that the introduction of a carbon border tax by the European Union could push Africa back into exporting raw commodities and undermine its industrialisation gains
Tanzania’s Minister of Energy, Doto Biteko, has approved the transfer of Petrodel Resources Ltds 74% interest in the Tanga block from Afren Tanzania Ltd to Octant Energy Tanzania Ltd in accordance with Section 86(2) of the Petroleum Act 2015
The energy transition has the potential to boost employment in the renewable energy sector substantially in Africa, up from around 0.35 mn in 2020 to more than 4 mn by 2030 and more than 8 mn by 2050
In a climate of volatile prices and heightened geopolitical risk, oil and gas companies are asking more from drilling contractors as part of efforts to trim costs and boost overall productivity
