Africa's Oil, Gas and Energy News.
VAALCO Energy has provided an update on the Etame field reconfiguration in conjunction with the replacement of the existing Floating Production, Storage and Offloading unit (FPSO) with a Floating Storage … Read More
Highlights Record full-year net income of $190.7 million or $0.40 per share. Cash balance at December 31, 2021 of $58.9 million. Our corporate facility has been fully repaid and $100m of the facility remains available for general corporate purposes … Read More
With recent sanctions on Russia by western nations threatening the critical supply of Russian gas to European markets, an opportunity has emerged for African gas producers to step up, enhancing … Read More
The African Energy Chamber’s Q1 2022 Outlook, the State of African Energy, details regulations implemented in Nigeria and Egypt that are fast tracking sectoral growth. With the energy transition pressuring … Read More
LEKOIL has announce Savannah Energy Investments Limited, has entered into a convertible facility agreement and option agreement with the Company in order to support the Company’s restructuring. Highlights: · The … Read More
FOURTH QUARTER 2021 HIGHLIGHTS Completed the acquisition of additional interests in the Jubilee and TEN fields in Ghana for ~$550 million (~$460 million after post-closing adjustments) Net Production(2)(3): ~70,000 barrels of oil equivalent per day … Read More
Eni and the Ministry of Agriculture and Rural Development of the Republic of Mozambique (MADER) signed today an agreement for the cooperation and development of agricultural projects in Mozambique, aimed … Read More
The Gas Exporting Countries Forum (GECF), the global platform of the leading gas producing countries, today publicly unveiled its annual GECF Global Gas Outlook 2050 (Outlook), a comprehensive report on … Read More
• 75% interest and operatorship of the Rissana licence awarded to a wholly owned subsidiary of Chariot Limited in partnership with the Office National des Hydrocarbures et des Mines (ONHYM) … Read More
SDX Energy has announced the completion of drilling at the MSD-25 infill development well on the Meseda field in its West Gharib concession, Egypt. MSD-25 encountered the primary top Asl … Read More
