Panoro Energy ASA has announced  its 2020 Annual Statement of Reserves (ASR). The Panoro portfolio reported here for year end 2020 comprises of two assets with continuing operations and reserves, these are a 7.4997% working interest in the Dussafu Permit in Gabon and a 29.4% working interest in the TPS Assets in Tunisia. After taking […]

BW Energy has provided an update on the operation and development of the Dussafu Marin license in Gabon. The Company will publish its financial report for the first quarter 2021 as the Gross production from the Tortue field averaged approximately 13,600 barrels of oil per day in the first quarter of 2021, amounting to a total gross production of 1.22 million barrels of oil for the period. BW Energy completed one lifting in the quarter and realised an average price of USD 66.7 per barrel. Production cost (excluding royalties) was approximately USD 23 per barrel. This includes approximately USD 1.0 million of […]

Victoria Oil & Gas Plc, whose wholly owned subsidiary, Gaz du Cameroun S.A, is the onshore gas producer and distributor with operations located in the port city of Douala, Cameroon, has announced first quarter operational update to its shareholders. HIGHLIGHT ·  Sales. Average daily gross gas sales rate for the quarter of 5.2 MMscf/d (Q4 20: 5.1 […]

One of the King fisher oil wells at shores of Lake Albert in Buhuka-Kyangwali sub county, Kikuube District in September 2017. Government, through Petroleum Authority of Uganda, will launch key tenders for the first development phase of the construction of oil-related facilities in December 2021. The first phase will include building of a refinery, oil […]

Shell’s adjusted earnings were above an average analyst forecast of $3.125 billion and also ahead of earnings of $2.9 billion last year, boosted by assets sales as well as higher oil and liquefied natural gas (LNG) prices, it said and reported by Reuters. Sales of oil and gas assets in countries including Nigeria,Canada and Egypt […]

ADM Energy has announced the completion of its acquisition of a controlling interest in a Risk Sharing Agreement for the development of the large-scale Barracuda field in OML 141, an existing discovery and near-term production asset in swamp/shallow waters offshore Nigeria. This recent deveploment is coming barely less than a week of ADM proclamation of going into […]

Tlou Energy a company focused on delivering power in Botswana and southern Africa through the exploration and development of gas and solar, has provided an operational update for the quarter ending 31 March 2021. The Lesedi Power Project is the Company’s most advanced project. Tlou plans to develop gas and solar power generation assets at […]

 PetroNor the independent oil and gas exploration and production company with a focus on sub-Saharan Africa provides the following update on its purchase of SPE Guinea Bissau AB, as announced on 20 November 2020. The Company has announced that it has received the necessary approvals in country, representing a condition precedent to completion which has […]

VAALCO Energy, has announced that it has signed a non-binding letter of intent with Omni Offshore Terminals Pte Ltd to provide and operate a Floating Storage and Offloading unit at VAALCO’s Etame Marin field offshore Gabon for up to 11 years upon the expiration of the current Floating Production, Storage and Offloading  contract with BW […]

French energy giant Total had suspended plans to resume construction work at Mozambique LNG and cut staffing levels to the minimum in late March after attacks on the nearby town of Palma in the north of the country. In the latest move, the company has removed all staff and declared force majeure. “Considering the evolution […]