Sound Energy, the transition energy company,  has provided an update on the Phase 2 development financing of its Tendrara Production Concession, an update on the Company’s exploration and appraisal activities and the launch of a farm-out process for the Tendrara Production Concession and the surrounding Greater Tendrara and Anoual exploration permits. Phase 2 Development Financing […]

BW Energy has announced the signing of an up to USD 300 million international Reserve Based Lending (RBL) facility. The funds will initially be used to finance the further development of the Dussafu license offshore Gabon. The facility has an initial commitment of USD 200 million which can be expanded up to an additional USD 100 million. The secured long-term debt facility has been provided by a syndicate of five international banks and has a tenor of six years. “We […]

Masdar, one of the world’s leading renewable energy companies, announced that it has signed an agreement with Tanzania Electric Supply Company Ltd. (TANESCO) related to the development of renewable energy projects with a total capacity of up to 2 gigawatts (GW). Abdulla Zayed, Head of Business Development & Investment at Masdar and Maharage Chande, Managing […]

The much delayed handing over of ExxonMobil’s offshore shallow water business to Seplat owing to Nigerian Upstream Petroleum Regulatory Commission (NUPRC) right of first refusal objection has finally come to an end. This was doused by the recent action taken by the Nigerian President Muhammadu Buhari for granting his consent to the acquisition and divestment […]

Nigerian National Petroleum Corporation NNPC has won a court decision temporarily blocking Exxon Mobil Corp. from selling assets in the country to Seplat Energy Plc. The recent judgment was upheld by the presiding judge in the capital, Abuja, granting  the Nigerian National Petroleum Co. an “order of interim injunction” on July 6 barring Exxon “from completing any divestment” in a […]

VAALCO Energy Inc has provided an update on the South Tchibala 1HB-ST well, as well as updated full year production guidance. Etame: The South Tchibala 1HB-ST The South Tchibala 1HB-ST discovered two potential Dentale producing zones, the Dentale D1 sand and the Dentale D9. The first completion was in the shallower D1 which included a hydraulic […]

The United Oil & Gas an Africa focus exploration and production firm with interest on  Abu Sennan licence (22% working interest) offshore Egypt has announced the First half (1H) 2022 Group working interest production averaged 1,552 boepd (1,290 bopd oil and 262 boepd gas). Second quarter (Q2) 2022 production averaged 1,537 boepd (1,313 bopd oil and 224 […]

The Company has entered a 30-year contract (the “Contract”) with the Forestry Commission of Zimbabwe (FCZ) for the development of the Ngamo-Gwayi-Sikumi (NGS) REDD+ project, which is renewable for a further 30 years, as part of the company’s sustainable plan to manage emissions. The NGS REDD+ project will enable the Company to fully offset all […]

VAALCO Energy Inc has provided an update on the South Tchibala 1HB-ST well, as well as updated full year production guidance. Etame: The South Tchibala 1HB-ST The South Tchibala 1HB-ST discovered two potential Dentale producing zones, the Dentale D1 sand and the Dentale D9. The first completion was in the shallower D1 which included a hydraulic […]

The United Oil & Gas an Africa focus exploration and production firm with interest on  Abu Sennan licence (22% working interest) offshore Egypt has announced the First half (1H) 2022 Group working interest production averaged 1,552 boepd (1,290 bopd oil and 262 boepd gas). Second quarter (Q2) 2022 production averaged 1,537 boepd (1,313 bopd oil and 224 […]