Africa's Oil, Gas and Energy News.
Fugro has been awarded multiple contracts by Eni Angola to carry out geotechnical and environmental surveys off the coast of Angola between now and May, and two Fugro vessels from … Read More
The Shell Petroleum Development Company of Nigeria Limited (SPDC), has restated commitment to support the Federal Government of Nigeria’s goal of using the country’s proven gas reserves to trigger economic … Read More
Chariot Oil & Gas has signed a Memorandum of Understanding along with its partner the Office National des Hydrocarbures et des Mines with the Ministry of Industry, Trade and Green … Read More
By NJ Ayuk Pressure is building to phase out petroleum production in Africa to fight climate change. But harnessed strategically, Africa’s oil and gas industry can power a better future … Read More
ENGIE has announced that it has reached an agreement to acquire from Abengoa a 40% equity stake in Xina Solar One, a 100 MW Concentrated Solar plant, as well as … Read More
Africa Oil & Power (AOP) has launched its Africa Energy Series: Africa LNG Special Report 2021, dedicated exclusively to Liquefied Natural Gas (LNG) developments and investment across the continent; driven by new discoveries … Read More
Key Highlights Nearly doubles VAALCO’s total net production and reserves; Expected to be immediately accretive to VAALCO, with minimal additional variable costs; Anticipated to materially increase free cash flow in 2021 … Read More
The Norwegian government, through its Agency for Development Cooperation, provided 20 million Norwegian kroner (around £1.6 million) to support the 2021 and 2022 work programs of the ALSF. The governments … Read More
Key points · Funding discussions have progressed with a key funding partner · 10MW tender consultations have commenced Tlou Energy has been working with a number of parties to secure funding for the … Read More
Highlights Africa Oil fourth quarter net income of $79.8 million and full-year net income of $198.0 million, excluding a $215.6 million non-cash impairment of Kenya exploration assets posted in the first quarter 2020. Strong quarterly profit contribution … Read More
