Maurel & Prom has planned to allocate in 2023, 85 million dollars (52 billion FCFA) for development investments in the oil sector in Gabon. The information was given by the oil company in a statement made public on March 14. This represents 30% of this overall budget intended for development and exploration investments as well as certain […]

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 […]

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 […]

According to information from the Perenco company, the Batanga plant, in the Ogooué-Maritime province, will produce 15,000 tonnes of LPG (domestic gas) per year from the 1st half of 2023, intended for the Gabonese market to reduce the country’s imports (by more than 50%). “-+This production plant will develop an integrated system comprising the production of LPG […]

The Borr Norve jackup has started the drilling of the first production well on the BW Energy Hibiscus / Ruche Phase 1 development in the Dussafu Block offshore Gabon. Drilling operations commenced on schedule in the first week of January and in line with the target of producing first oil in March 2023. The Borr Norve jackup arrived […]

The Borr Norve jackup has started the drilling of the first production well on the BW Energy Hibiscus/Ruche Phase 1 development in the Dussafu Block offshore Gabon. Drilling operations commenced on schedule in the first week of January and in line with the target of producing first oil in March 2023. The Borr Norve jackup arrived on location […]

According to the economy report from the Ministry of the Economy, oil production in Gabon increased at the end of September 2022. “  Quarter-on-quarter, oil production increased by 7.3% compared to the second quarter of 2022, in connection with the operation of new wells and the loosening of the OPEC+ quota policy, despite the closure of […]

Global energy investors have recently gathered for global event the Africa Oil Week held in Cape Town, South Africa from October 3-7, 2022. Gabon National Energy unveiled its oil blocks currently up for sale. This has attracted several investors from different countries, such as the oil company China National Offshore Oil Corporation (CNOOC). And the latter, which […]

In pursuant to its pledged agreement at last climate summit, COP 26 signed in Glasgow, Scotland the Gabonese Agency for Space Studies and Observations (AGEO) has just published the announcement that, in partnership with the German agency  “Deutsches Zentrum für Luft- und Raumfahrt”  (DLR) and the UN organization  “UN Environment Programme”,  it has just led a scientific mission on […]

VAALCO Energy announced the successful drilling of the North Tchibala 2H-ST well that was drilled from the Southeast Etame North Tchibala (SEENT) platform in the Etame field, offshore Gabon. Additionally, the Company provided an operational update on the Teli Floating Storage and Offloading vessel (FSO) installation and field reconfiguration at Etame. Drilling and Completion Highlights […]