Africa's Oil, Gas and Energy News.
The newly appointed Minister of Oil and Gas of Gabon HE Sosthène NGUEMA is shifting his focus to deepwater oil and gas exploration under efforts to bring new projects online and mitigate … Read More
VAALCO Energy has announced that it has entered into a new revolving credit facility with an initial commitment of $190 million and the ability to grow to $300 million, led … Read More
Equatorial Guinea is taking decisive steps to revitalize its upstream sector, with plans to launch a new licensing round in 2025 aimed at increasing exploration and production. With the global … Read More
VAALCO Energy has announced a significant milestone in its Côte d’Ivoire Floating Production Storage and Offloading vessel (FPSO) Dry Dock Refurbishment Project. In alignment with the project timeline, the FPSO Baobab … Read More
Reported fourth quarter 2022 production of approximately 18,175 working interest (“WI”) barrels of oil equivalent (“BOEPD”) or about 14,200 net revenue interest (“NRI”) BOEPD; Production was within VAALCO’s fourth quarter … Read More
VAALCO Energy has completed the successful drilling of the South Tchibala 1HB-ST well that was drilled from the Avouma platform in the Etame field, offshore Gabon. Highlights Discovered significant columns of … 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
VAALCO Energy has provided an update on the Etame field reconfiguration in conjunction with the replacement of the existing Floating Production, Storage and Offloading unit (FPSO) with a Floating Storage … Read More
VAALCO Energy has announced that it has commenced its 2021/2022 drilling campaign offshore Gabon with the Etame 8H-ST well. Under a drilling contract announced by VAALCO in early summer, a … Read More
VAALCO Energy has signed a binding letter of intent with World Carrier Offshore Services Corp. to provide and operate a Floating Storage and Offloading (FSO) unit at VAALCO’s Etame Marin … Read More
