Search results for 'Oil'
World
Flying Invictus: Volatility surges as Invictus search for Zim gas

There are likely to be further swings in the share price until the drilling and sampling process is completed. The counter’s future prospects clearly lie in the outcome of the exploration across a num

Nov 15, 2022
Zimbabwe
Invictus energy up 245% on gas shows at frontier well

Over the last week, Invictus has released a throve of updates concerning the Mukuyu-1 well that is currently being drilled in its 80% owned SG 4571 licence in Zimbabwe’s Cabora Bassa Basin, with early

Nov 15, 2022
World
Oil Price Surge Crushed After US and Swiss Banking Crisis

Harare-Oil prices are set to experience their steepest weekly decline of the year, with West Texas Intermediate (WTI) futures climbing only slightly above US$69 a barrel on Friday. The market disrupti

Mar 17, 2023
World
Zimgold's Plan to Boost Local Sourcing in Zimbabwe's Oil Industry: Company Aims to Raise US$5 Million through the private placement of a Commercial Paper

Zimgold aims to raise US$5 million through the private placement a commercial paper to fund local sourcing of soya beans and sunflower seeds. The limited quantities of oilseed production in Zimbabwe h

May 08, 2023
Companies
Major Offshore Oil Discoveries Position Namibia for Massive FDI Inflows

Major Offshore Oil Discoveries Position Namibia for Massive FDI Inflows Windhoek - The hydrocarbon sector is poised to become the leading driver of foreign direct investment (FDI) inflows into Namibia

Jun 28, 2023
Companies
Invictus’ Mukuyu 2 Oil Discoveries: New Findings or Recycled Claims?

Invictus Energy Limited made an announcement on November 20, 2023, revealing the presence of hydrocarbon reservoirs, including natural gas and oil, at their secondary drilling site, Mukuyu 2. However,

Nov 29, 2023

Top Stories

ZiG Emerges Strongest Currency in SADC: Fact or Fallacy

Zimbabwe's currency, Zimbabwe Gold (ZiG), has emerged as the strongest currency in the Southern African Development Community (SADC) region. It traded at ZiG13.4190 per dollar, surpassing the South Af

19 hours ago

Shumba Energy's Tati Solar Project Progresses Towards Financial Closure

Shumba Energy Ltd, a Botswana-based energy development company listed on the Botswana Stock Exchange, has announced steady progress towards financial closure for its flagship Tati Solar PV Project. Th

19 hours ago

Zimplow Seals Barzem Takeover, Bolsters Market Dominance

Zimplow Holdings Limited, a leading manufacturer of agricultural products, has successfully completed a takeover of Barzem, acquiring 49% of the company's shares and making it a wholly owned subsidiar

1 day ago

RBZ Holds Interest Rates Steady, ZiG Notes Debuts Market Today

he Reserve Bank of Zimbabwe (RBZ) has maintained the interest rates at 20% during its most recent monetary policy committee meeting, which took place yesterday. This meeting was significant as it was

Apr 30, 2024

Zimbabwe’s Exports Plunge by 17%, Trade Deficit Widens

The month of March witnessed a significant surge in trade deficit, exceeding 100% and reaching a total of US$184.3 million according to the latest data released by ZimStat. The trade deficit for goods

Apr 30, 2024

Gold Price Drops as Stable US$ Dulls Appeal, Zim to Leverage Gold Reserves for Growth

The price of gold dropped below US$2,330 per ounce today attributed to a stable US dollar, which made gold less attractive to international buyers as investors were eagerly awaiting the Federal Reserv

Apr 29, 2024

ZiG Notes Rollout: Government Sets Withdrawal Limits

Zimbabwe's central bank, the RBZ, has announced the withdrawal limits for the new currency, Zimbabwe Gold (ZiG), which will enter circulation on April 30, 2024. To ensure a controlled initial rollout

Apr 29, 2024

Nigeria's Annual Inflation Rate Soars to 33.2%, Highest Since 1996

Nigeria, the largest economy in Africa, experienced a significant increase in its annual inflation rate, reaching 33.2%, the highest since March 1996, compared to 31.7% in the previous month. Througho

Apr 29, 2024