Africa's Oil, Gas and Energy News.
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
ReconAfrica has commenced drilling operations on the first well (6-2), of an initial three well program to evaluate potential hydrocarbon systems in one of five major sub-basins of the larger, … Read More
UTEC, a global surveying company and part of marine energy and infrastructure services group Acteon, has been awarded survey work by TechnipFMC plc to support the development of Coral-Sul FLNG … Read More
Construction of the World’s longest heated crude oil pipeline the East African Crude Oil Pipeline (EACOP) is set to begin in the second week of March according to Uganda’s Foreign … Read More
The Total-led Mozambique LNG project held last week an online seminar to update local companies on business opportunities for the year and share other information relevant to companies seeking to do business … Read More
3D at Depth Inc., the world’s expert in commercial Subsea LiDAR (SL) laser technology, and leading provider of underwater survey services and 3D data solutions, today announces the launch … Read More
Eco Atlantic Oil and Gas has announced the Company has successfully negotiated the reissuance of its four licenses in Namibia’s Walvis Basin for 10 years, which received final Government confirmation on … Read More
