EGYPT/ MOROCCO: SDX Energy Provides Operational Update

Nine months to 30 September 2020 Operations Highlights  ·      Average entitlement production of 6,646 boe/d, an increase of 90% from the nine months to 30 September 2019 (3,501 boe/d) and 64% higher than average production … Read More

African Countries must develop Strategic Fiscal Policies to Survive Oil and Gas Industry Changes on Horizon

The future of the global oil and gas industry has been a subject of great fascination and debate for decades. Since COVID-19 surfaced, there has been even more conjecture on … Read More

EGYPT: TransGlobe Provides Operational Update Eastern & Western Desert

EASTERN DESERT West Gharib , West Bakr, and North West Gharib (100% working interest, operated) Operations and Exploration In Egypt, the Company contracted a workover rig to perform well interventions at West Bakr beginning … Read More

NIGERIA: Seplat Provides Operational Highlights & 2021 Outlook

Operational highlights  ·      Working-interest production within guidance at 50,653 boepd, despite market volatility  ·      Liquids production of 33,327 bopd, gas production of 100 MMscfd ·      Eland OML40/Ubima assets produced 9,151 bopd, 27.5% of … Read More

CrossBoundary Energy Raises $40M to Scale Financed Solar for Businesses in Africa

CrossBoundary Energy (CBE) has announced the exit of its first fund at a 15% net IRR to investors. ARCH Emerging Markets Partners’ Africa Renewable Power Fund (ARCH ARPF) is providing … Read More

Uganda: African Development Bank grants $500,000 for capacity development of MSMEs Within the Petroleum Sector

The African Development Bank  and the Government of Uganda have signed a $500,000 grant agreement for financing of Micro, Small and Medium Enterprises (MSMEs) to boost business linkages on the … Read More

Algeria hosts the 22nd Ministerial Meeting of the Gas Exporting Countries Forum

The 22 nd Ministerial Meeting of the Gas Exporting Countries Forum (GECF) was held on the 12 November 2020, under the Chairmanship of HE Abdelmadjid Attar, Minister of Energy of … Read More