Africa's Oil, Gas and Energy News.
Africa Oil has announced that it has signed two production sharing contracts (PSCs) with the Republic of Equatorial Guinea for offshore Blocks EG-18 and EG-31. These PSCs are subject to ratification by … Read More
Hibiscus/Ruche Phase I development offshore Gabon is progressing to plan. The BW MaBoMo production facility has been installed on site and 20 kilometres of the subsea flowline installed. Preparations are … Read More
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
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
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
Panoro Energy has said that following its lifting of 745,000 barrels of oil at Block G offshore Equatorial Guinea in July and receipt of its related payment in excess of … Read More
The African Energy Chamber (AEC) is calling for the Extractive Industries Transparency Initiative (EITI) to terminate the membership of Switzerland-based commodities and mining multinational Glencore following Glencore’s recent guilty plea … Read More
VAALCO Energy has announced entry into a new credit agreement, effective May 16, 2022, for a new five-year Reserve Based Lending facility with Glencore Energy UK Ltd. that includes an … Read More
The Block G Production Sharing Contract in Equatorial Guinea has been successfully extended to 31 December 2040. Alongside our Joint Venture partners, Kosmos Energy, Panoro Energy, GE Petrol and the Ministry … Read More
Equatorial Guinea (Panoro: 14.25%) Q1 2022 working interest production averaged approximately 4,968 bopd (gross production 34,866 bopd) Operator Trident Energy is undertaking a workover programme at the Okume Complex and … Read More
