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Call for reparations: A mere excuse by failed African leaders!
As the Commonwealth Heads of Government meeting (CHOGM) kicked off this week in Samoa, the topic of reparations for slavery and colonialism has once again been thrust into the spotlight. Sever...Published: 23 Oct 2024 at 20:31hrs | 269 | by Tendai Ruben Mbofana
7 big global companies dump South Africa
Many large global companies, including Shell, HSBC, PNB Paribas, Rolex, AngloGold Ashanti, TotalEnergies, and BP's Aviation Fuel Business, are dumping South Africa.Last week, HSBC announced th...Published: 02 Oct 2024 at 12:35hrs | 1185 | by Staff reporter
Iran seizes US tanker with $50 million of oil onboard
An Iranian court has issued an order confiscating a crude oil cargo from the Advantage Sweet tanker a year after the country's navy forcibly stopped the ship. It is the latest example of "tit for tat"...Published: 09 Mar 2024 at 14:47hrs | 5 | by Staff reporter
African countries stand firm on fossil fuels
The African Group of Negotiators is calling for an outcome that allows Africa to exploit its fossil fuels including coal, oil and gas to eradicate poverty while also funding renewable energy projects....Published: 12 Dec 2023 at 17:59hrs | | 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 | 7 | by Staff reporter
Notre Dame High School student raises $15,000 in goods for Zimbabwe children
A Notre Dame High School student came up with a plan to help orphanages and foster homes in Zimbabwe this summer.Now, at the completion of his fundraiser, the results have been far greater tha...Published: 03 Dec 2023 at 21:01hrs | 6 | 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
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 | | by Staff reporter
Zanu-PF makes bold statement ahead of 2023 harmonised elections
AS Zimbabwe barrels towards next year's harmonised elections, Zanu-PF is firing from all cylinders winning elections in urban areas and increasing its leads in rural constituencies in a bold statement...Published: 05 Dec 2022 at 05:07hrs | | 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 | 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
Zimbabweans have nothing to celebrate in new resource discoveries!
No one can deny that Zimbabwe is one of the most richly endowed places on this planet.Highly favored by God Almighty with nearly 40 identified minerals - including gold, platinum, diamonds, ch...Published: 14 Nov 2022 at 10:27hrs | 10 | by Tendai Ruben Mbofana
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 | 10 | 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 | 12 | 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 | | 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 | | 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 | | 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 | 3 | 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 | 10 | by Staff reporter
South Africa diesel mixed with paraffin, says Mantashe
Mineral Resources and Energy Minister Gwede Mantashe warned of a growing trend of diesel-paraffin mixtures being sold as diesel at petrol stations.In a parliamentary debate on Wednesday, he sa...Published: 16 Jun 2022 at 14:04hrs | | 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 | | by Staff reporter
Zimbabwe mulls fuel levy cuts
Zimbabwe has hinted it may further reduce fuel levies to stymie a sustained spike in the domestic price of petroleum products after global prices soared on market uncertainty due to the conflict betwe...Published: 21 Mar 2022 at 06:23hrs | | by Staff reporter
Saudi Arabia to price oil in Yuan instead of dollars
Saudi and Chinese officials are in talks to price some of the Gulf nation's oil sales in yuan rather than dollars or euros, The Wall Street Journal reported Tuesday, citing people familiar with the ma...Published: 15 Mar 2022 at 16:00hrs | | by Staff reporter
The end of the Petrodollar and the rise of the Petroyuan
A "Petrodollar" is a U.S. Dollar obtained through the sale of crude oil, i.e. it's a term created particularly to describe the situation of the OPEC countries, where the sale of this commodity allows ...Published: 08 Mar 2022 at 07:17hrs | 6 | by Hugo Martins | Analyst
World policeman cause oil to soar above US$130
Oil prices soared to their highest since 2008 due to delays in the potential return of Iranian crude to global markets and as the United States and European allies consider banning imports of Russian ...Published: 08 Mar 2022 at 05:38hrs | 1 | by Staff reporter
Mnangagwa's oligarchs: The heirs of Cecil Rhodes
As Zimbabwe's economy has spiralled down, with one million economic refugees in South Africa alone and ordinary people facing shortages of food, fuel, medicine and shelter, there is a class of people ...Published: 08 Feb 2022 at 18:29hrs | 1 | by Phillip van Niekerk and a Zim-based Research Team
Cont Mhlanga and the endless search for King Lobengula's grave
IT is the story that has been told a million times.It is a story passed from generation to generation. It is the story that is sold to all children, whether they sit on grass mats around crack...Published: 12 Dec 2021 at 20:08hrs | 5 | by Staff reporter
Ramaphosa's govt allows big fuel price hikes
The petrol price will be hiked by 81c a litre on Wednesday, while diesel will go up by between 72.5c a litre (0.05% sulphur) and 74.5c (0.005% sulphur), the department of mineral resources and energy ...Published: 30 Nov 2021 at 07:42hrs | 9 | 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 | 6 | by Staff reporter
The US has no free gifts
As a proud pan-African, on hearing that Mozambique invited the US Marines to train its military on how to fight against the Ansar Al-Sunnar terrorists who have invaded, terrorised, and displaced the p...Published: 29 Mar 2021 at 22:34hrs | | by Prosperity Mzila
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
Zuma accuses Ramaphosa of seeking 'white validation'
Former president Jacob Zuma has written to his successor President Cyril Ramaphosa, taking him to task for the latter's letter to party members condemning corruption. In a letter seen by News2...Published: 28 Aug 2020 at 20:04hrs | | by Staff reporter
Drilling to begin next year in Muzarabani
ONE Gas Resources, the exploration partner of Invictus Energy Ltd in Zimbabwe's Muzarabani district, expects drilling to begin in the second half of next year, targeting an estimated 1.3 billion barre...Published: 09 Jul 2019 at 07:22hrs | | by Bloomberg
Huge Zimbabwe oil, gas potential for Invictus, findings show
INVICTUS Energy Limited (IEL) says findings by a United Kingdom-based firm show a potential of 1,3 billion barrels of oil-equivalent, which consists of 200 million barrels of condensate.Natura...Published: 02 Jul 2019 at 08:27hrs | | by Staff reporter
Chicken project thrives on human waste
Kenyan farmer Victor Kyalo's chickens have doubled the number of eggs they are laying. The reason: Human excrement.He is feeding them food from a Nairobi-based organics recycling company. Sane...Published: 19 Jun 2019 at 07:48hrs | 2 | by Staff reportrer
Zimbabwe pins hope on oil findings
Zimbabwe may start producing its own diesel and petrol within the next 10 years following encouraging exploration findings by Australian company, Invictus Energy, in the Muzarabani area, a Cabinet min...Published: 04 Jun 2019 at 07:04hrs | | by Staff reporter
Zimbabwe oil prospects increase
Newly defined data released last week by Invictus Energy, has provided management with increased confidence regarding a sizeable increase in the prospective resource estimate of the Muzarabani oil pro...Published: 15 Apr 2019 at 06:34hrs | | by Staff reporter
Zimbabwe oil project progress encouraging
Independent oil and gas exploration company, Invictus Energy Limited, says it has made significant progress in its Cabora Bassa Project work programme for the quarter ending December 31,2018. ...Published: 28 Jan 2019 at 10:32hrs | | by Business Weekly.
Zimbabwe oil: More details released
The Muzarabani oil project has high potential to produce 3,9 trillion cubic feet (tcf) of natural gas and 181 million barrels of conventional gas, Australia-listed company, Invictus Energy, has confir...Published: 06 Nov 2018 at 05:19hrs | | by Staff reporter
Zimbabwe general warns on foreign bases in Djibouti
Major General Trust Magoba - who now serves as a special advisor to the African Union office for Peace and Security - has raised concern at foreign interference on the continent."The establish...Published: 11 Oct 2018 at 14:02hrs | 1 | by Staff reporter
The dirty truth about OIL
What does "oil" make you think of? Do "invasions" and "emissions" top your list? Why have leaders thought it worth spilling so much blood for the sake of this pungent mud? And why has it been so hard ...Published: 26 Jul 2018 at 10:13hrs | | by Erick Matotoba
More fuel price hikes coming
MOTORISTS should brace for more fuel price hikes as oil prices continue to move northwards while government insists on controlling the fuel industry and maintaining a myriad of taxes on the sector, a ...Published: 05 Jul 2018 at 10:52hrs | | by Staff reporter
Chamisa has defied all odds
MDC Alliance leader has defied all odds and proved the critics who said he will not get support wrong as the political trail towards this year's elections goes on.This was said by People's Dem...Published: 09 Jun 2018 at 17:37hrs | | by Steven Jakes
Mnangagwa to be arrested for border jumping like Kasukuwere?
Calls are growing louder for President Emmerson Mnangagwa to be arrested for border jumping in November last year.This follows the arrest of former Local Government minister, Saviour Kasukuwer...Published: 01 Jun 2018 at 13:55hrs | | by Staff reporter
Zimbabwe destined to produce surplus electricity and fuel
President Emmerson Mnangagwa yesterday told over 40 000 youths at a convention in Mkoba that Zimbabwe was destined to produce surplus electricity and fuel. "We signed an agreement for coal-bed...Published: 01 Jun 2018 at 09:04hrs | | by Staff reporter
Mnangagwa meets Qatari Emir
President Mnangagwa yesterday met the Emir of Qatar Sheikh Tamim bin Hamad Al Thani as the country began its first high-level engagement with one of the richest countries in the world.Soon aft...Published: 08 May 2018 at 07:03hrs | | by Staff reporter
Zanu-PF MP warns against divisions
Mashonaland West Zanu-PF secretary for finance Dexter Nduna has warned against "unnecessary" divisions, squabbles, and infiltration in primary elections that could have sweeping implications and hurt ...Published: 02 Apr 2018 at 11:28hrs | | by Staff reporter
My fallout with Ndabaningi Sithole
OVER the past few weeks, John Munodawafa Gwitira whose Chimurenga name was Kenneth Gwindingwi (KG) narrated how he grew up in Nyanyadzi and later joined the liberation struggle in 1970. He narrated ho...Published: 06 Aug 2017 at 13:13hrs | | by Staff reporter
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