Africa's Oil, Gas and Energy News.
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
Panoro Energy has appointment of Country Managers. In addition to Sofiane Gaied, who joined Panoro as Country Manager Tunisia in 2018, Ghislain Boukoubi has been appointed as Country Manager Gabon, … Read More
The prevailing system in African NOCs means a growing social and financial burden to oil producing countries that translates into low wages, poor quality goods and services By Leoncio Amada … Read More
