CAMEROON: Tower Resources Provides Update on its its Thali Production Sharing Contract

Highlights: ·    Applied for a one-year extension of the initial exploration period of the PSC, following positive discussions with the Minister of Mines, Industry and Technological Development and (MINMIDT) and the Prime … Read More

CAMEROON: Savannah Energy Signs MoA for the 75MW Bini a Warrak Hydroelectric Project

Savannah Energy has announced the signing of a Memorandum of Agreement (MOA) by Savannah Energy RCM Limited, a wholly owned subsidiary of Savannah, with the Government of the Republic of … Read More

CAMEROON: Savannah Energy Signs SPA with Société Nationale Des Hydrocarbures

Savannah Energy has announced that its wholly owned subsidiary, Savannah Midstream Investment Limited (SMIL), has signed a Share Purchase Agreement (SPA) with the national oil company of Cameroon, Société Nationale … Read More

Savannah Energy Terminates SPA for PETRONAS’ Chad and Cameroon portfolio

Savannah has announced the completion of the proposed acquisition of PETRONAS’ upstream and midstream asset portfolio in Chad and Cameroon that remained subject to the satisfaction of certain conditions precedent … Read More

Glencore fined $314M for ‘Highly Corrosive’ and ‘Endemic’ Corruption in 5 African Oil States

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