Africa's Oil, Gas and Energy News.
Highlights • Acquiring an additional 27.8% working interest in the Etame Marin block offshore Gabon, increasing VAALCO’s total working interest to 58.8%; • Nearly doubles VAALCO’s total net production and … Read More
Operational highlights · Working-interest production within guidance at 50,653 boepd, despite market volatility · Liquids production of 33,327 bopd, gas production of 100 MMscfd · Eland OML40/Ubima assets produced 9,151 bopd, 27.5% of … Read More
CrossBoundary Energy (CBE) has announced the exit of its first fund at a 15% net IRR to investors. ARCH Emerging Markets Partners’ Africa Renewable Power Fund (ARCH ARPF) is providing … Read More
The African Development Bank and the Government of Uganda have signed a $500,000 grant agreement for financing of Micro, Small and Medium Enterprises (MSMEs) to boost business linkages on the … Read More
Africa Oil has received an additional $50 million in dividends from Prime subsequent to the previous reporting period. This brings the total dividends amount to $162.5 million since Africa Oil … Read More
The 22 nd Ministerial Meeting of the Gas Exporting Countries Forum (GECF) was held on the 12 November 2020, under the Chairmanship of HE Abdelmadjid Attar, Minister of Energy of … Read More
By NJ Ayuk, Executive Chairman, African Energy Chamber If I called 2020 a terrible year for the oil industry, no one would take exception. Demand collapsed in the spring, during … Read More
Libya’s National Oil Corporation (NOC) announced that it managed to raise production rates to 1036035 barrels a day. The National Oil Corporation which faces very big financial difficulties and a … Read More
Victoria Oil and Gas has announced that its wholly owned subsidiary Gaz du Cameroun S.A. (GDC), a BVI company, and VOG have entered into a confidential Settlement Agreement with Cameroon … Read More
The recent decision by the Ministry of Energy of Ghana to unitize the Sankofa and Afina fields located within Eni’s Offshore Cape Three Points (OCTP) Block and Springfield E&P’s West … Read More
