Angolan Mining Oil & Gas

The Federal Government initiated a due diligence meeting for Shell’s proposed $2.4 billion asset sale to Renaissance Africa Energy, aiming to complete the divestment by June this year. Shell, a British energy major, announced in January that it had reached an agreement to sell its Nigerian onshore subsidiary, Shell Petroleum Development Company of Nigeria Limited, to Renaissance for $2.4 billion after about a century of operations in the Niger Delta. Renaissance, a consortium of five

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Chevron and Namibia’s national oil company (NAMCOR) have signed a development agreement, with Chevron securing an 80% operating working interest in an offshore block within the Walvis Basin. Oil companies are flocking to Namibia, excited by the southern African country’s plans to open up a major new frontier basin, with recent offshore finds ranking among the largest this century. The farm-out agreement with Chevron Namibia Exploration Limited (CNEL) will see the National Petroleum Corporation of

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As one of the key strategic fuel storage facilities under Botswaba Oil , the Francistown Depot which services the northern part of Botswana is currently under expansion to add additional 60 million liters to the existing 38 million litres. On Monday , the Minister of Minerals and Energy, Hon. Lefoko Moagi, along with the Acting Permanent Secretary, Dr. Obakeng, the Director of Energy Mr. Midas Sekgabo, the Botswana Oil Board Chairman Mr. Martin Makgatlhe and

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