PetroNor Purchases SPE Guinea Bissau AB
PetroNor has announced the purchase of SPE Guinea Bissau AB. This entitles PetroNor to assume the Operatorship (and interest of 78.57%) of the Sinapa (Block 2) and Esperanca (Blocks 4A … Read More
Author: kamau
Uganda Received a Mere 4% in Taxes From Tullow Oil Farm-down
It has emerged that Uganda received just a mere 4% of the total transaction amount in the recent farm-down by Irish explorer Tullow Oil in its sale of its assets … Read More
EGYPT/ MOROCCO: SDX Energy Provides Operational Update
Nine months to 30 September 2020 Operations Highlights · Average entitlement production of 6,646 boe/d, an increase of 90% from the nine months to 30 September 2019 (3,501 boe/d) and 64% higher than average production … Read More
African Countries must develop Strategic Fiscal Policies to Survive Oil and Gas Industry Changes on Horizon
The future of the global oil and gas industry has been a subject of great fascination and debate for decades. Since COVID-19 surfaced, there has been even more conjecture on … Read More
EGYPT: TransGlobe Provides Operational Update Eastern & Western Desert
EASTERN DESERT West Gharib , West Bakr, and North West Gharib (100% working interest, operated) Operations and Exploration In Egypt, the Company contracted a workover rig to perform well interventions at West Bakr beginning … Read More
GABON: VAALCO Acquires Additional Working Interest at Etame Marin Block
Highlights • Acquiring an additional 27.8% working interest in the Etame Marin block offshore Gabon, increasing VAALCO’s total working interest to 58.8%; • Nearly doubles VAALCO’s total net production and … Read More
NIGERIA: Seplat Provides Operational Highlights & 2021 Outlook
Operational highlights · Working-interest production within guidance at 50,653 boepd, despite market volatility · Liquids production of 33,327 bopd, gas production of 100 MMscfd · Eland OML40/Ubima assets produced 9,151 bopd, 27.5% of … Read More
CrossBoundary Energy Raises $40M to Scale Financed Solar for Businesses in Africa
CrossBoundary Energy (CBE) has announced the exit of its first fund at a 15% net IRR to investors. ARCH Emerging Markets Partners’ Africa Renewable Power Fund (ARCH ARPF) is providing … Read More
Uganda: African Development Bank grants $500,000 for capacity development of MSMEs Within the Petroleum Sector
The African Development Bank and the Government of Uganda have signed a $500,000 grant agreement for financing of Micro, Small and Medium Enterprises (MSMEs) to boost business linkages on the … Read More
Africa Oil 2020 Net Income Hits $118M
Africa Oil has received an additional $50 million in dividends from Prime subsequent to the previous reporting period. This brings the total dividends amount to $162.5 million since Africa Oil … Read More