Africa Oil Announces Record Financial Results and 2022 Management Guidance

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

Africa’s Regulatory Landscape Sees Critical, Industry-Advancing Reforms

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

NIGERIA: Lekoil Announces Strategic Investment and Restructuring

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

Kosmos Energy Announces Fourth Quarter and Full Year 2021 Results

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

Mozambique, Eni Sign Agreement on Joint Initiatives to Produce Agro-feedstock for Biofuels

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

MOROCCO: Chariot Awarded the Rissana Offshore Licence

• 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

EGYPT: SDX Energy Completion Of Drilling At Msd-25 Well, West Gharib Oil Concession

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