Africa's Oil, Gas and Energy News.
The Etinde financing plan will likely comprise various layers, including senior project finance debt, vendor financing from contractors, offtakers and likely equity. The latter will be a function of the … Read More
Extension of the initial period of the Exploration Phase of the Thali PSC, offshore Cameroon by one year (from 15 September 2019) for the purposes of completing the NJOM-3 well, … Read More
By Leoncio Amada NZE The health and economic crisis caused by the Covid-19 pandemic is devastating the productive, economic and financial systems throughout the entire planet: businesses went bankrupt, millions … Read More
The recently-announced acquisition of Noble Energy by Chevron for $13bn gives the American major an entry into Equatorial Guinea’s oil & gas sector, where Noble Energy has interests in the … Read More
Tower Resources has provided an update on activity in respect of license PEL 96 in Namibia, covering blocks 1910A, 1911 and 1912B . Tower says it has noted the announcement … Read More
· The Company remains vigilant in relation to the Covid-19 pandemic and adherent to the authorities’ guidelines in the jurisdictions in which it works: the lockdown in Cameroon was eased in … Read More
In its Ordinary Meeting held on July 2nd, 2020, the Board of Directors of the Bank of Central African States (BEAC) has allowed the opening of foreign currency escrow accounts … Read More
Tower Resources plc has provided an update regarding the farm-out process in respect of its Thali production-sharing contract (the “PSC”) in Cameroon conducted through its wholly-owned subsidiary Tower Resources Cameroon … Read More
UK-based oil and gas technology development company, Deep Casing Tools (DCT), has announced the appointment of two agents as part of its strategic growth plans in Africa. DCT has appointed … Read More
Africa focused oil and gas explorer Bowleven which operates in Kenya and Cameroon has announced it will be terminating the Strategic Alliance Agreement with Petrofac after the two companies reached a … Read More
