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Invictus Energy to get National Project Status
The Zimbabwean government has taken a significant step toward advancing the country's first major oil and gas development after issuing an updated draft of the Petroleum Production Sharing Agreement (...Published: 28 Jun 2025 at 18:46hrs | 520 | by Staff reporter
Muzarabani natural gas project update
Invictus Energy has announced that the Environmental Management Agency (EMA) of Zimbabwe has approved its Environmental Social Impact Assessment (ESIA) for pilot production activities at the Cabora Ba...Published: 06 Mar 2025 at 15:16hrs | 993 | by Staff reporter
Zimbabwe's Mutapa Fund clinches US$350m power deal
The Mutapa Investment Fund (MIF) has approved a significant joint venture valued at US$350 million between Indian firm Jindal Africa Investments and Zesa to refurbish six units at Hwange Thermal Power...Published: 29 Sep 2024 at 14:25hrs | 3279 | by Staff reporter
Invictus Energy reclassified its Zimbabwe operation
Australian energy firm Invictus Energy Limited has reclassified itself from an explorer to a developer as it moves towards becoming a producer. This shift follows significant gas and oil discoveries a...Published: 28 Aug 2024 at 13:25hrs | 2048 | by Staff reporter
Invictus signs gas sales MOU for a gas-to-power project
Invictus Energy Limited has announced the signing of a Memorandum of Understanding (MOU) with Dallaglio Investments Pvt Ltd and Himoinsa Southern Africa Proprietary Limited for a gas-to-power project ...Published: 22 May 2024 at 16:54hrs | 27 | by Staff reporter
Invictus Ernergy injects US$10,2 in Zimbabwe operations
BARELY two weeks after announcing further gas discovery at its Mukuyu-2 exploration well in Mbire District, Mashonaland Central province, Invictus Energy has raised a further US$10,2 million through p...Published: 29 Dec 2023 at 07:00hrs | 20 | by Staff reporter
Another gas discovery excites Zimbabwe govt
AUSTRALIAN firm Invictus Energy has made further gas discovery at its Mukuyu-2 exploration well in Muzarabani-Mbire districts of Mashonaland Central province, in northern Zimbabwe, confirming the coun...Published: 15 Dec 2023 at 07:23hrs | 2 | by Staff reporter
Zimbabwe makes further gas discovery
AUSTRALIAN firm Invictus Energy has made further gas discovery at its Mukuyu-2 exploration well in Muzarabani-Mbire districts of Mashonaland Central province, in northern Zimbabwe, confirming the coun...Published: 15 Dec 2023 at 07:22hrs | 3 | by Staff reporter
Gas discovery excites Zimbabwe govt
AUSTRALIA oil and gas exploration firm, Invictus Energy, has announced a massive breakthrough in its exploitation drive declaring a gas discovery from the Mukuyu-2 sidetrack well in the Upper Angwa fo...Published: 08 Dec 2023 at 05:36hrs | 14 | by Staff reporter
We've gas in Zimbabwe, so what?
So, it has finally been confirmed!Zimbabwe has significant reserves of natural gas!This was announced by a clearly excited mines and mining development minister Zhemu Soda at a media b...Published: 07 Dec 2023 at 15:03hrs | 13 | by Tendai Ruben Mbofana
A lot of gas discovered in Zimbabwe
Australian minnow, Invictus Energy, has moved from citing "encouraging signs of hydrocarbon", in its drilling campaign in Zimbabwe, to formally declaring a hydrocarbon discovery.The company is...Published: 07 Dec 2023 at 05:41hrs | 60 | by Staff reporter
Australian company identifies more gas deposits in Zimbabwe
Australian energy company Invictus Energy Limited has reported that the total gas identified from drilling at its Mukuyu 2 drilling site in Muzarabani is now four times greater than what was observed ...Published: 26 Oct 2023 at 06:39hrs | | by Staff reporter
Russia's railway giant keen to expand footprint to Zimbabwe
TRANSMASHHOLDING, Russia's leading manufacturer of railway rolling stock and fifth biggest rail company in the world, is looking to expand its footprint in African countries including Zimbabwe in a wi...Published: 01 Aug 2023 at 06:27hrs | 16 | by Staff reporter
Zimbabwe discovers oil, gas and helium
AUSTRALIAN firm, Invictus Energy has confirmed the presence of "light oil, gas-condensate and helium" from its drilling samples at its Mukuyu-1 rig site in Muzarabani.Analysts, however, were q...Published: 09 May 2023 at 06:08hrs | | by Staff reporter
Zesa mulls US$4bn gas-fired plant
ZIMBABWE'S power utility Zesa Holdings Ltd says it plans to build a gas-fired power station as it prepares for a potential find by Australia Stock Exchange-listed resources junior Invictus Energy, whi...Published: 24 Mar 2023 at 06:29hrs | 6 | by Staff reporter
Huge oil, gas deposits confirmed in Muzarabani
Large natural gas and oil reserves have now been confirmed in north-east Zimbabwe, although technical glitches meant Australian firm Invictus could not extract a fluid sample to fulfil regulatory requ...Published: 26 Jan 2023 at 07:30hrs | 2 | by Staff reporter
Zimbabwe expected to pocket 60% of proceeds from Muzarabani oil and gas
ZIMBABWE is expected to pocket a maximum 60% of proceeds from the Muzarabani gas and oil fields, if the discovery proves to be of commercial value, Australian investor Invictus Energy local representa...Published: 06 Dec 2022 at 07:07hrs | 1 | by Staff reporter
Why army was deployed in oil-drilling precincts of the Zambezi Valley
FEARS of a Mozambican Cabo Delgado-style Islamic insurgency in the northern Zambezi Valley where the Zimbabwean government and an Australian Securities Exchange-listed Invictus Energy are engaged in o...Published: 27 Nov 2022 at 14:59hrs | 5 | by Staff reporter
Zimbabwe mulls law for oil, gas extraction
GOVERNMENT is planning to draft a new law to regulate the oil and gas sector, amid high expectations of commercial-grade reserves in the Muzarabani area, Finance minister Mthuli Ncube has said....Published: 27 Nov 2022 at 14:59hrs | 4 | by Staff reporter
Zimbabwe edges closer to oil, gas discovery
Zimbabwe is inching closer to making a commercial discovery of oil and gas after Invictus Energy last week said results from initial evaluation of data from its Mukuyu-1 well site showed strong eviden...Published: 20 Nov 2022 at 15:34hrs | | by Staff reporter
US$44m war chest to drive Zimbabwe's oil/gas search
Oil and gas explorer Invictus Energy, says the discovery of commercially viable quantities of petroleum deposits at its Mukuyu-1 or Baobab prospects in the north of Zimbabwe would transform the countr...Published: 24 Oct 2022 at 06:06hrs | 18 | by Staff reporter
ZDF's free medical services charm villagers
The Zimbabwe Defence Forces (ZDF) will continue to work with ordinary people for the attainment of national goals and interests, Defence and War Veterans Affairs Minister, Oppah Muchinguri-Kashiri, ha...Published: 24 Oct 2022 at 06:06hrs | | by Staff reporter
Setbacks hit Zimbabwe oilfields
AUSTRALIA Stock Exchange (ASX)-listed energy explorer Invictus Energy on Monday said it encountered some "minor" delays in preparing to drive the 12¼ hole section of its Mukuyu-1 exploration well due...Published: 18 Oct 2022 at 06:01hrs | | by Staff reporter
Zimbabwe deploys military in newfound oilfields
ZIMBABWE'S military incursion into the Mashonaland Central province for a routine training exercise is part of efforts by the Zimbabwe Defence Forces (ZDF) to familiarise itself with the area as the S...Published: 07 Oct 2022 at 20:43hrs | 43 | by Staff reporter
Zimbabwe has over 5.5 billion barrels of oil resource
Oil and gas explorer Invictus Energy (IVZ) has bolstered the potential prospective resource of its Cabora Bassa project in Zimbabwe to over 5.5 billion barrels of oil equivalent (boe).The comp...Published: 06 Oct 2022 at 19:10hrs | 2 | by Staff reporter
Zimbabwe kicks off drilling first oil well
AUSTRALIA Stock Exchange (ASX)-listed energy explorer, Invictus Energy, kicked off drilling the first of two test wells at its Zimbabwe-based Cabora Bassa claims on Friday, marking an important step i...Published: 27 Sep 2022 at 05:59hrs | 1 | by Staff reporter
'Zimbabwe oil could be new source of conflict'
CENTRE for Natural Resource Governance executive director Farai Maguwu has warned that the possible oil findings in Muzarabani could lead to conflict.Recently, the Britain-based independent oi...Published: 10 Aug 2022 at 06:33hrs | 3 | by Staff reporter
Zimbabwe on cusp of oil, gas breakthrough
Australian Securities Exchange (ASX)-listed oil and gas firm Invictus Energy has started assembling drilling equipment at its Mukuyu-1 prospect in Muzarabani, Mashonaland Central, ahead of exploration...Published: 07 Aug 2022 at 08:16hrs | 2 | by Staff reporter
Fresh discovery at Zimbabwe oilfields
AUSTRALIA-headquartered oil and gas outfit, Invictus Energy announced fresh discoveries at its Zimbabwe-based Mukuyu gasfields on Monday, as it laid out plans to blast its first test well from next mo...Published: 26 Jul 2022 at 06:41hrs | 1 | by Staff reporter
Australian firm set to drill for oil and gas in northern Zimbabwe
An Australian firm Invictus Energy, in partnership with the Zimbabwean government, is exploring for oil and gas in the northern Zimbabwe area of Muzarabani.The firm claims the Muzarabani explo...Published: 14 Jul 2022 at 09:01hrs | 8 | by Staff reporter
Oil, gas equipment lands in Zimbabwe this week
INVICTUS Energy, the Australian firm exploring oil and gas in Muzarabani and Mbire districts of Mashonaland Central, north of Zimbabwe, expects the first batch of key pieces of the exploration drillin...Published: 26 Jun 2022 at 08:08hrs | 16 | by Staff reporter
Game-changing oil rig Zimbabwe-bound
INVICTUS Energy, the southern Africa-focused resources firm, says a rig that is set to drill test wells at the Cabora Bassa project in Zimbabwe has begun the crucial journey from Tanzania.#Exa...Published: 09 Jun 2022 at 06:43hrs | 8 | by Staff reporter
Govt to get 10% equity in Muzarabani oil/gas project
THE Government, through the Sovereign Wealth Fund of Zimbabwe (SWFZ), will hold 10 percent equity in the Muzarabani-Mbire oil and gas project without spending cash during the exploration phase (known ...Published: 30 Mar 2022 at 07:15hrs | 2 | by Staff reporter
Invictus confirms Zimbabwe gas, oil deposits
INVICTUS Energy Limited (IEL) says the processing and reprocessing of data around the Cabora Bassa project has shown signs of hydrocarbons, confirming potential natural gas and crude oil deposits....Published: 01 Mar 2022 at 05:37hrs | 10 | by Staff reporter
BNC heads for VFEX
BINDURA Nickel Corporation (BNC) is set to delist from the Zimbabwe Stock Exchange (ZSE) next month and switch to the forex-indexed Victoria Falls Stock Exchange (VFEX) under a strategy spelt out by c...Published: 22 Nov 2021 at 06:10hrs | 11 | by Staff reporter
Zimbabwe hunt puts oil barons' capacity to the test
THE Australian firm exploring for gas and petroleum resources in Zimbabwe's Muzarabani district this week said the quality of data coming out of swathes of their claims in the Zambezi Valley had surpa...Published: 08 Nov 2021 at 05:27hrs | 9 | by Staff reporter
Mines troop to VFEX
GOVERNMENT says several mining firms have indicated plans to list on Zimbabwe's year-old bourse, the Victoria Falls Stock Exchange (VFEX).VFEX, which exclusively trades in foreign currency, ha...Published: 03 Sep 2021 at 06:51hrs | 2 | by Staff reporter
Invictus acquires seismic data for Cabora Bassa project
OIL and gas-focused Invictus Energy (Invictus) says it will next week commence the acquisition of the seismic data for its Cabora Bassa project in Zimbabwe.The Australian-listed company report...Published: 31 Aug 2021 at 06:14hrs | 10 | by Staff reporter
Zimbabwe's energy sector potential and investments to drive agenda
With strong indications of oil and gas prospects in the Muzarabani Basin - along with extensive mineral wealth that could propel Africa's energy transition - Zimbabwe and its energy investment opportu...Published: 27 Aug 2021 at 08:59hrs | 1 | by Stephen Jakes
Zimbabwe's energy sector potential to drive agenda at African Energy week in Cape Town
Zimbabwe represents an exciting new frontier, with recent exploration activities leading to strong indications of significant oil and gas prospects. The Southern African country – bordering Mozambiq...Published: 16 Aug 2021 at 19:28hrs | 2 | by Staff reporter
Zimbabwe oil drilling to begin in 2022
INVICTUS Energy, the Australian firm prospecting for oil and gas in Muzarabani, may start drilling exploration wells early next year after taking delivery of state-of-the-art equipment to be used in i...Published: 25 Jul 2021 at 08:01hrs | 3 | by Staff reporter
VFEX in dramatic rebound
THE Victoria Falls Stock Exchange (VFEX) has dramatically emerged to capture some of Zimbabwe's biggest firms, with multinationals making bold moves to step into the waterfall in the past week....Published: 11 Jul 2021 at 10:42hrs | 1 | by Staff reporter
Mnangagwa tells security agencies to be vigilant
THE discovery of oil could pose a security threat to the country, which requires state security agencies to be always on high alert, President Emmerson Mnangagwa has said.Mnangagwa made the ca...Published: 18 Jun 2021 at 13:09hrs | 18 | by Staff reporter
Zimbabwe govt calls for vigilance as oil firm makes headway
THE discovery of oil could pose a security threat to the country, which requires State security agencies to be always on high alert, President Emmerson Mnangagwa has said.Mnangagwa made the ca...Published: 09 Jun 2021 at 07:17hrs | 11 | by Staff reporter
Invictus pushes for million-hectare oilfield
AUSTRALIA Stock Exchange-listed oil and gas explorer, Invictus Energy yesterday requested government to expand its exploration claims in Muzarabani by 10 times, marking another phase in the firm's hun...Published: 04 Jun 2021 at 07:14hrs | 10 | by Staff reporter
Zimbabwe oil project takes shape
ZIMBABWE'S ambitions to produce oil and gas along the Zambezi basin in Muzarabani is taking shape with Australian Stock Exchange (ASE)-listed firm Invictus Energy set to commence a seismic programme i...Published: 07 May 2021 at 06:33hrs | | by Staff reporter
ASX halts Arcadia trading
AUSTRALIA Stock Exchange (ASX)listed resources firm halted trading on Tuesday amid reports the firm has lined up a capital raising deal.The firm has been developing Arcadia lithium mine in Zim...Published: 15 Apr 2021 at 07:30hrs | 1 | by Staff reporter
Oil deal strategic, says Mnangagwa
The Zanu-PF-led Government has made considerable progress in delivering on developmental projects and other election promises outlined in its manifesto despite disruptions caused by the coronavirus pa...Published: 28 Mar 2021 at 06:41hrs | 9 | by Staff reporter
Grand deal inches closer before oil find
INVICTUS Energy, the Australian company that is scouring Zimbabwe's northeastern front for potentially lucrative oil or gas endowments, says it has inched closer to inking a crucial production sharing...Published: 06 Dec 2020 at 08:19hrs | 9 | by Staff reporter
Zimbabwe may hold solution to Africa's energy crisis
BACK in the early 1990s, Mobil was exploring for oil in Zimbabwe when it came across large hydrocarbon resources in the Cabora Bassa Basin.The petroleum giant explored over an area extending a...Published: 21 Sep 2020 at 20:44hrs | | by Staff reporter
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