Africa's Oil, Gas and Energy News.
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
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
