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 […]

Panoro Energy ASA has confirmed the award of Block EG-01as announced by the Company on 20 February 2023 and the award has been ratified by the Government of Equatorial Guinea.  Panoro has been awarded a 56 percent operated interest in Block EG-01 alongside partners Kosmos Energy (24 percent) and GEPetrol (20 percent). In the vein, […]

Atlas Petroleum International Limited and development partners have announced the development of the Venus discovery in Block P, Equatorial Guinea. Block P has Vaalco as Operator, and Guinea Ecuatorial de Petroleós Co. (GEPetrol) as the state-owned oil company of Equatorial Guinea, representing the interests of the state. This positive result follows the 8 March 2023 Plan […]

Panoro Energy has announced record full-year financial performance in 2022 with revenue up 58 percent year-on-year at USD 188.6 million and EBITDA up 78 percent year-on-year to USD 126.6 million. The Company has maintained a conservative leverage profile with net debt of USD 46.8 million at year end representing a net debt to EBITDA ratio […]

Panoro Energy is consolidating its presence in Equatorial Guinea owing to recent award of a 56 percent participating interest and operatorship of Block EG-01 located offshore Equatorial Guinea (pending ratification). Partners in the block will be Kosmos Energy (24 percent pending signature) and GEPetrol (20 percent). Block EG-01 borders both Block G where Panoro has […]

The year 2022 was a record year for Panoro with revenues estimated at approximately USD 188 million. Working interest production averaged approximately 7,500 bopd. Underpinned by a strong balance sheet and conservative leverage profile the Company is well positioned for its organic production growth. Production drilling commenced in early January at the Hibiscus Ruche Phase […]

Panoro Energy ASA said that it has agreed to farm-in to the Kosmos Energy operated Block S offshore Equatorial Guinea for a 12 per cent non-operated participating interest. The current joint venture partnership at Block S is Kosmos Energy (40 per cent and operator), Trident Energy (40 per cent) and GEPetrol (20 per cent). Panoro’s […]