GAMBIA: PetroNor E&P ASA Sign Petroleum, Exploration, Development and Production Licence

PetroNor E&P has announced that it had received, from the Government of The Gambia, a 30-day extension to the longstop date of the licence option. Following positive discussions with the Government, … Read More

Glencore fined $314M for ‘Highly Corrosive’ and ‘Endemic’ Corruption in 5 African Oil States

Glencore Energy UK Ltd will pay £280,965,092.95 million (over 400 million USD) after an SFO investigation revealed it paid US $29 million in bribes to gain preferential access to oil … Read More

VAALCO Energy Announced the Closing of the Strategic Combination with TransGlobe Energy Corporation

The combined Company is a leading African-focused operator with a strong production and reserve base, a diverse portfolio of assets in Gabon, Egypt, Equatorial Guinea and Canada, and significant future growth potential. KEY HIGHLIGHTS … Read More

CONGO BRAZAVILLE: SNPC Awards Xcalibur Contract for a Geophysical Study of the Interior Basin of the Cuvette Phase II

Under the direction of the Ministry of Hydrocarbons, the Société Nationale des Pétroles du Congo (SNPC) and Xcalibur Multiphysics have signed a contract to gather geophysical gradio-gravimetry (AGG), gravimetry (sGrav), … Read More

CONGO: President Nguesso & Eni CEO Discuss Valorisation & Commercialisation of Gas Resources

The President of the Republic of Congo, Denis Sassou Nguesso, met Eni’s Chief Executive Officer Claudio Descalzi in Brazzaville today, to discuss the Company’s main business activities in the country, … Read More

EQUATORIAL GUINEA: VAALCO Energy Announces Approval of Plan of Development for Discovery on Block P

VAALCO Energy has announced that the Government of Equatorial Guinea has approved the Venus – Block P Plan of Development. VAALCO has an 80% participation interest in the project and … Read More