Wendell Roelf

Cape Town

Correspondent at Reuters

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Articles

African energy explorer Rhino Resources finds light oil off Namibia

3 weeks ago | ca.marketscreener.com | Wendell Roelf

CAPE TOWN (Reuters) -Namibia received a boost on Thursday when Rhino Resources discovered "high quality" light oil in its latest well and U.S. oil producer Chevron said it was considering a new drilling campaign in either 2026 or 2027. A global exploration hotspot, the southern African nation is aiming to produce its first oil by the turn of the decade following a string of recent finds by Shell, TotalEnergies and Galp Energia. "The results ...
African News Agency : Welcome

3 weeks ago | africanewsagency.co.uk | Wendell Roelf

[Published: Thursday April 24 2025] Central Africa's new FX initiative falls short of target, oil industry sources say By Wendell Roelf LONDON, 24 April. - (ANA) - Six Central African nations expecting a foreign exchange windfall of billions of dollars from environmental restoration funds set aside by oil firms may in fact see less than $500 million by an April 30 deadline, two oil industry sources close to the talks told Reuters.
Central Africa's new FX initiative falls short of target, oil industry sources say

3 weeks ago | ca.marketscreener.com | Wendell Roelf

(Reuters) -Six Central African nations expecting a foreign exchange windfall of billions of dollars from environmental restoration funds set aside by oil firms may in fact see less than $500 million by an April 30 deadline, two oil industry sources close to the talks told Reuters.
Angola's Sonangol seeks $4.8bln to bridge Lobito refinery funding gap

1 month ago | zawya.com | Wendell Roelf

Cape Town: Angola's Sonangol is in talks with Chinese and European banks to overcome a $4.8 billion funding shortfall for its planned 200,000 barrel per day Lobito refinery, an executive with the state-owned oil company told Reuters. Angola is Sub-Saharan Africa's second-biggest crude oil exporter but imports around 80% of its refined products. It has launched a programme to build new refineries and revamp existing facilities to reverse the trend and become a net exporter.
US legislators move to block IMF Central Africa support over oil fund dispute

1 month ago | timeslive.co.za | Bate Felix |Wendell Roelf

10 April 2025 - 07:00 Just R20 for the first month. Support independent journalism by subscribing to our digital news package. The bill highlights a standoff between foreign investors on one side and Central African monetary authorities trying to enforce tighter capital controls on extractive industries to shore up depleted reserves on the other.
US lawmakers move to block IMF Central Africa support over oil fund dispute

1 month ago | marketscreener.com | Bate Felix |Wendell Roelf

DAKAR (Reuters) -U.S. lawmakers have introduced legislation that could block International Monetary Fund support for some Central African countries, in an effort to guard billions of dollars that oil companies must set aside for environmental restoration. The bill highlights a standoff between foreign investors on one side and Central African monetary authorities trying to enforce tighter capital controls on extractive industries to shore up depleted reserves on the other.
United States legislators switch to impede IMF Central Africa help over oil fund battle

1 month ago | business-journal.in | Bate Felix |Wendell Roelf

By Bate Felix and Wendell Roelf DAKAR (Reuters) – united state legislators have really introduced regulation that may impede International Monetary Fund (IMF) help for some Central African nations, in an initiative to guard billions of dollars that oil corporations ought to allot for ecological remediation.
United States legislators switch to impede IMF Central Africa help over oil fund battle

1 month ago | indiadailymail.com | Bate Felix |Wendell Roelf

By Bate Felix and Wendell Roelf DAKAR (Reuters) – united state legislators have really offered regulation that may impede International Monetary Fund (IMF) help for some Central African nations, in an initiative to guard billions of greenbacks that oil corporations ought to allot for ecological remediation.
ZAR Recovers some Ground with Coalition's Future Focus

1 month ago | gurutrade.com | Sfundo Parakozov |Wendell Roelf |Alexander Winning |Alex Richardson

JOHANNESBURG, April 8 (Reuters) - South Africa's rand strengthened in early trade on Tuesday, recovering some of the ground it lost a day earlier, with the future of the country's multi-party government the main focus. At 0706 GMT, the rand traded at 19.44 against the dollar , 1% firmer on the day after falling about 2.7% on Monday.
Afreximbank sets aside $3bn to finance refined oil products in Africa

1 month ago | businesslive.co.za | Wendell Roelf

The African Export-Import Bank (Afreximbank), an investor in oil and gas projects, has earmarked $3bn to finance the purchase of refined products within Africa as part of broader plans to boost refining capacity, a senior executive said. Africa exports about 80% of its crude oil and 45% of the natural gas it produces, leaving the fast-growing continent heavily-reliant on imported refined products, according to the bank and analysts.