The Libyan Oil Industry’s Story of Recovery – And What it Means for the Rest of Africa

By NJ Ayuk, Executive Chairman, African Energy Chamber If I called 2020 a terrible year for the oil industry, no one would take exception. Demand collapsed in the spring, during … Read More

CAMEROON: Victoria Oil & Gas Settles Litigation with CHL Termination of the CHL Royalty Agreement

Victoria Oil and Gas has announced that its wholly owned subsidiary Gaz du Cameroun S.A. (GDC), a BVI company, and VOG have entered into a confidential Settlement Agreement with Cameroon … Read More

With Afina Unitisation, Ghana Gives Explorer Springfield E&P a Boost and Ensures Production Growth

The recent decision by the Ministry of Energy of Ghana to unitize the Sankofa and Afina fields located within Eni’s Offshore Cape Three Points (OCTP) Block and Springfield E&P’s West … Read More

SENEGAL: Total Awards Shearwater GeoServices Senegal 3D Acquisition & Processing Contract

Shearwater GeoServices Holding AS has announced the award for a large towed streamer 3D acquisition and Fast Track processing project by Total E&P Senegal. The exploration survey covers 5,000 sq. … Read More

Congo Unfreezes AAOG Congo Accounts in Ongoing Dispute with SMP

Zenith Energy has provided an update on the legal claim  initiated during 2019 by its subsidiary in the Republic of the Congo, Anglo African Oil & Gas Congo S.A.U (AAOG … Read More

Rosgeo Successfully Completes Geological Mapping in Equatorial Guinea and Moves Forward to Phase 2

A month after it started a historic geological mapping project in Equatorial Guinea’s Rio Muni region, Russia’s state-owned joint stock company Rosgeo has made significant progress and is stepping up … Read More

UGANDA: Tullow completes $575 million sale of Uganda assets to Total

Tullow Oil  has announced that the sale of its assets in Uganda to Total has completed with $500 million consideration received earlier today. Tullow is also due to receive a … Read More

BEAC must reconsider its new Forex regulation to save jobs in Gabon, Cameroon, Republic of Congo, Equatorial Guinea, Central African Republic and Chad

On March 1st, 2019, a new Foreign Exchange Currency Regulation was adopted by the members of the Economic and Monetary Community of Central Africa states – CEMAC. These member states, … Read More