Botswana Diamonds has undertaken a share placing with existing and new investors to raise £370 000 through the issue of just over 67.2-million new ordinary shares at a placing price of 0.55p a placing share. Advertisements
ExxonMobil said today that it has been named 2018 Large Cap Company of the Year and Explorer of the Year by the World Oil and Gas Council in recognition of excellence and innovation in the global energy industry.
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France’s supermajor Total said on Wednesday that it had signed an agreement with Mauritania for two new exploration and production contracts in the country’s deep offshore, amid growing interest from oil majors to explore the West African Atlantic basin.
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Qatar Petroleum entered into an agreement with an ExxonMobil affiliate to acquire a 10% stake in three offshore exploration blocks in the Angoche and Zambezi basins in Mozambique.
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There will be a pick up in oil exploration activity next year, compared to 2018, according to a new report from Fitch Solutions Macro Research.
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The natural gas extraction and liquefaction industry in Mozambique appears to have been launched, after many years of delays and deliberations, according to the China-Lusophone Brief (CLBrief), a news service on China and the Portuguese-speaking countries.
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Namibia has no proven oil reserves, having been largely shunned by regional explorers over the years in favour of better-established hydrocarbons plays, such as its neighbour Angola. But the impact of a higher oil price and lower drilling costs means Namibia’s upstream is finally getting some serious attention from drillers.
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Angolan government plans to auction new blocks for oil prospecting in 2019, announced the Minister of Mineral Resources and Oil, Diamantino Azevedo.
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Companies exploring for oil and gas in Mozambique will spend at least $900 million, boosting the nation’s hopes of becoming a major exporter, Mineral Resources Minister Max Tonela said.
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The Mozambican government has announced that it is preparing for new oil and gas exploration activities in the north of the country in tandem with oil company ExxonMobil.
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