Tullow Overseas Holdings BV, a wholly owned subsidiary of Tullow Oil plc, has signed a heads-of-agreement with Gulf Energy Ltd to sell Tullow Kenya BV, which holds Tullow’s entire working interests in Kenya, for a total consideration of at least $120 million. The consideration will be split into a $40 million payment due on completion, […]

Invictus Energy Limited has provided an update on the Musuma-1 well location following a highly productive in-country visit by the Invictus Energy Board of Directors. Musuma-1 has been confirmed as the first high-impact exploration well to be drilled outside the Mukuyu gas-condensate discovery area, targeting a new play type in the Cabora Bassa Basin. Musuma […]

EACOP Ltd., the company in charge of the construction and future operation of the East African Crude Oil Pipeline project from Kabaale in Uganda to Tanga in Tanzania, is pleased to announce that it has closed the first tranche of external financing for the project, provided by a syndicate of financial institutions including regional banks […]

Following the announcement on May 22, 2024, Galp has successfully completed the sale of its upstream assets in Area 4 Mozambique to XRG P.J.S.C., a wholly-owned subsidiary of Abu Dhabi National Oil Company (ADNOC) P.J.S.C. With completion, Galp collects a payment of c.$881 m in 1Q25, encompassing the equity value of shares, shareholder loans reimbursement […]

Energy major Eni has announced the successful launch of its ninth LNG cargo from the Republic of Congo. With this milestone, the company has now reached 1 million cubic meters of LNG produced and exported from the Congolese market. The announcement was made on March 25 during a keynote presentation by Andrea Barberi, Managing Director […]

….A Landmark Event for Africa’s Energy Future The Society of Petroleum Engineers (SPE) Africa has announced the details of the forthcoming Africa Technology Conference (ATC), set to take place 27-29 May in Dar es Salaam, Tanzania. As the premier event for energy professionals across Africa and beyond, ATC 2025 will bring together thought leaders, innovators and […]

In a bid to optimize the country’s gas potential and revitalize its hydrocarbon sector, the Republic of Congo’s National Oil Company Société Nationale des Pétroles du Congo (SNPC) has outlined its forthcoming Gas Master Plan (GMP). The plan is designed to promote gas utilization and attract foreign investment while reducing dependency on oil revenues and […]

As the Republic of Congo endeavors to boost its oil production to 500,000 barrels per day by 2027 and expedite gas exploration and production, the Ministry of Hydrocarbons is simultaneously prioritizing the mogernazation of downstream infrastructure to address energy insecurity. Recognizing that many citizens still lack reliable energy access, the government is committed to upgrading […]

Frontier announced that the Tanzania 5th Licensing Round has been confirmed as a Platinum Showcase Sponsor at the Africa Energies Summit. This highly anticipated licensing round presents a premier opportunity for E&P companies to secure a stake in one of Africa’s most promising oil and gas frontiers. With 57 trillion cubic feet of natural gas […]

Boasting approximately 1.8 billion barrels of oil, the Republic of Congo has ambitions to increase its production from 270,000 barrels per day (bpd) to 500,000 bpd this year. Meanwhile, an increased focus on natural gas production has resulted in the development of an upcoming Gas Master Plan and new Gas Code, with plans by the […]