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Afentra PLC has received approval from the Angolan government for the acquisition of a 12 percent non-operating interest in Block 3/05 and a 16 percent non-operating interest in Block 3/05A.

Afreximbank has now disbursed $3.175 billion under Nigeria's $3.3 billion syndicated oil pre-payment facility.

As the energy crisis increases and the call for more oil and gas supply has gone out - Africa is answering, Wood Mackenzie claims.

Africa Oil has received final approval from the South African government for the transfer of a 6.25 percent interest in Block 3B/4B in the Orange Basin.

'With abundant gas resources, Africa is looking at all opportunities to develop gas for domestic and export markets'.

The African Energy Chamber slammed Friends of the Earth for purportedly disrupting a forum recently held in Paris to promote energy investment in Africa.

Reducing resilience on Russian resources has steered Europe toward new sources for oil and gas and African LNG could be the answer.

As global investors flock to the MSGBC basin, enriched by recent mega-gas discoveries, the top capital expenditure projects to follow range from works by global energy majors.

There is no doubt that 2022 has been an extremely challenging 12 months, but as the year draws to a close Wood Mackenzie sees hope.

The $500 million Cai Mep LNG terminal, which is being developed by Vietnam's Hai Linh Company Limited, has a capacity of 3 million metric tons per annum.