…. As Noble Venturer Drillship Arrives Oslo, 3 July 2024 – Panoro Energy ASA (“Panoro” or the “Company”) notes the announcement by Trident Energy, the operator of Block G offshore Equatorial Guinea, confirming the arrival of the Noble Venturer drill ship at Luba port, Bioko Island. The drilling campaign, which is expected to recommence shortly, will […]

Petrofac, a leading provider of services to the global energy industry, has been awarded a Technical Services Contract by Compañía Nacional de Petróleos de Guinea Ecuatorial (GEPetrol), the National Oil Company of Equatorial Guinea, to support the operation of the region’s Block B asset. Under the contract1, valued at around US$350 million over five years, […]

Europa announced a ground-breaking deal in December 2023 with the acquisition of a 42.9% stake in Antler Global Limited (“Antler”), which has an 80% working interest in licence EG-08 offshore Equatorial Guinea. This gives rise to a joint venture arrangement (note 8) Europa agreed a US$3 million cash subscription for new ordinary shares in Antler, […]

VAALCO Energy has announced that all partners have signed the final documents and the Government of Equatorial Guinea has approved the Joint Operating agreement (“JOA”) related to the previously approved Venus-Block P Plan of Development (POD). The Block P Production Sharing Contract (PSC) provides for a development and production period of 25 years from the […]

Panoro Energy ASA has provided an update on the drilling campaign offshore Equatorial Guinea that commenced on Block G in January. Upon recommendation of the Operator, Trident Energy, the joint venture has decided to terminate the current rig contract. The joint venture is of the view that the rig is not operationally in a condition […]

Panoro Energy has stated that at Block G the planned three-well infill drilling campaign has commenced utilising the Island Innovator semi-submersible drilling rig. The first new infill well is expected onstream around the end of Q1, with all three wells expected onstream by mid-year. Panoro holds a 14.25 percent interest in Block G. Partners in […]

Europa Oil & Gas (Holdings) an West Africa focused oil and gas exploration, development and production company, has disclosed  acquisition of  a 42.9% equity interest in Antler Global Limited (“Antler”) via a US$3 million cash subscription for new ordinary shares in Antler. Antler holds an 80% working interest in the recently acquired and highly prospective […]

Marathon Oil has entered into a five-year firm LNG sales agreement with Glencore Energy UK, a subsidiary of Glencore PLC, for a portion of its equity natural gas produced from the Alba Field (Alba Unit, MRO 64% working interest) in Equatorial Guinea (E.G.), effective Jan. 1, 2024. The pricing structure for the LNG sales agreement […]

Panoro Energy ASA has provided an update on its 2023 crude oil liftings. The Company has completed its scheduled September lifting of approximately 650,000 barrels in Equatorial Guinea at a realised price of approximately USD 92.25 per barrel, subject to final reconciliation and after customary price adjustment and associated fees. This follows aggregate liftings of […]

The Governments of Nigeria and the Republic of Equatorial Guinea have opened discussions regarding new partnership opportunities such as the establishment of a joint logistics base, deployment of indigenous capacities across countries, and lowering the costs of major oil and gas operations. These possibilities were discussed on the sideline of the just concluded NOG Energy […]