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Toronto- and Stockholm-listed Africa Oil Corporation has increased its stake in Block 3B/4B, pointing to heightened interest in South Africa’s portion of the Orange Basin and the Canadian company’s efforts to emerge as a major E&P play in a region where the Venus and Graff finds off Namibia have aroused ever more excitement.

Paris-based independent Perenco has signed a production-sharing contract (PSC) for the offshore Rio del Rey Basin and says it expects progress on approval of its acquisition of New Age’s interest in the Etinde gas field project.

Questions remain about the future of Gaz du Cameroun (GDC), after its parent company, Victoria Oil and Gas (Vog) was placed in administration on 20 February. GDC  – one of Africa’s few onshore gas producers that sells to a local clientele – is involved in a dispute with the government having announced a 20% tariff increase from 1 June,  its first price hike for gas in a decade.

United States-based independent Murphy Oil signed production-sharing contracts (PSC) for five offshore Côte d’Ivoire blocks in late June, affirming a renewed industry interest in West African oil and gas licences.

Sound Energy’s deal to bring Yemeni-owned Calvalley Petroleum into the Tendrara gas field could help it to deliver a project that should answer some of state utility Office National de l’Electricité et de l’Eau Potable (Onee)’s feedstock problems, following the end of Algerian supplies through the Europe-Maghreb Gasline (GME) in 2021 . African Energy takes a closer look at Morocco's gas supply options.

Ghanian independent Springfield E&P has secured a loan from Cairo-based multilateral the African Export-Import Bank (Afreximbank) to fund developments in the deep-water West Cape Three Points Block 2 (WCTP 2). The securing of development finance comes as a long-running dispute with Italian major Eni continues in the courts.

Veteran Beninois oil magnate Samuel Dossou-Aworet has increased his stake in London Stock Exchange (LSE)- and Ghana Stock Exchange-listed independent Tullow Oil, according to bourse filings – underlining the 78 year-old Dossou’s determination to continue playing a key (if discreet) role in a company he has long held an interest in.

London AIM-listed Sound Energy has secured a provisional deal for Calvalley Petroleum to take a 40% stake and provide funding for its two-phase onshore Tendrara gas project. Sound has also lined up a debt financing package for Tendrara phase 2, led by Casablanca-based Attijariwafa bank.

London AIM-listed Tower Resources has provided a bullish view of its offshore PEL 96 licence, covering activity in blocks 1910A, 1911 and 1912B in the northern Walvis Basin.

Oslo-listed PetroNor E&P has sold its interest in the Sinapa and Esperança licences to a Dubai-based subsidiary of Petromal, paving the way for a drilling campaign in Guinea-Bissau’s offshore.

Investment in exploration and production (E&P) activity is increasing around the continent, with emerging resource holders in the south and east of the continent now often attracting more international interest than the more established arenas of northern and west-central Africa, writes James Gavin.

While energy majors are pouring large sums into African markets such as Namibia that, until recently, had often been overlooked, the situation for independent oil and gas companies is also changing.

TotalEnergies' Ntokon discovery, in the Niger Delta,  is shaping up as Nigeria’s biggest shallow-water oil and gas discovery in a decade

Petronas has shed some of its most significant African assets, as the Malaysian NOC revises its global portfolio to focus on higher grade assets outside the continent. However, its exit from Africa has added to an already complicated situation in Chad, writes James Gavin.

Ghana National Petroleum Corporation (GNPC) is facing a domestic political backlash against a proposal to reduce its stake in the offshore Jubilee field by offloading part of its equity to Petroleum Oil and Gas Corporation of South Africa (PetroSA) – whose credentials as an investor are questioned.