Africa's Oil, Gas and Energy News.
San Leon has provided an update on the funding arrangements by Decklar Petroleum Limited to develop the Oza Oil Field in Nigeria. When fully disbursed, the funding is expected to … Read More
The National Oil Corporation (NOC) last Thursday, January 28, 2021, announced the restart of production from Faregh field operated Waha Oil Company, nearly a year after it was shutdown due … Read More
United Oil & Gas issues the following trading update for the full year 2020 and guidance for 2021. This is in advance of the Group’s Full Year Results which are … Read More
Equinor has announced that it has decided to write down the book value of its Tanzania LNG project (TLNG) on the company’s balance sheet by 982million USD. This will be … Read More
SUMMARY · The Company remains vigilant in relation to the Covid-19 pandemic and adherent to the authorities’ guidelines in the jurisdictions in which it works: the lockdown in Cameroon was eased in May 2020 … Read More
VAALCO Energy has entered into crude oil commodity swap agreements for a total of 709,262 barrels at a Dated Brent weighted average price of $53.10 per barrel for the period … Read More
By James Chester, Senior Director AOP A lot has changed in the past year. One thing that has remained constant is the state of stasis of South Africa’s new petroleum … Read More
The SONATRACH Group has signed more than 1,100 project contracts with national companiesaccording to the Chairman and CEO of the Toufik Hakkar Group. Speaking on the sidelines of the signing … Read More
2020 Performance · The impact of COVID-19 has been managed effectively across the Group with negligible impact on production. · Group working interest oil production averaged 74,900 bopd in 2020, … Read More
· 2021 production guidance of 5,620 – 5,920 boe/d is 1-6% lower than 2020 production, excluding the assets divested in 2020 due to expected production downtime from the planned Central Processing … Read More
