Maurel & Prom (M&P) said that, following a bid process, its Board of Directors approved the signature of, and M&P has signed, a Share Purchase Agreement (SPA) with Carlyle International Energy Partners for the acquisition of 100% of the shares in Assala Energy Holdings Ltd. and all of its subsidiary entities holding the Assala group’s […]

Tullow has received the approval of Gabon government licence extensions increase in the value of resource base through the addition of c.5mmbbls net 2P reserves that will deliver c.100% 2P reserves replacement in Gabon this year. This activity is in line with the Group’s strategy to focus on its high return production assets in Africa […]

Panoro Energy ASA has disclosed an update in advance of its Half Year 2023 results which are scheduled for release on 24 August 2023. Information contained within this release is unaudited and may be subject to further review and amendment. Following completion of the first three out of six planned production wells at the Hibiscus […]

BW said that production has safely started from the third well of the Hibiscus / Ruche Phase 1 development in the Dussafu licence offshore Gabon. Well performance is in line with expectations  of the company’s in raising the current production at approximately 6,000 barrels per day.  The DHIBM-5H well was drilled as a horizontal well […]

Panoro Energy ASA  said that the DHIBM-4H production well at the Hibiscus Ruche Phase I development offshore Gabon has successfully been drilled, completed and handed over to production operations without incident. The well encountered good quality oil saturated reservoir sands in the regionally prolific Gamba formation and has been put onstream at a stabilised rate […]

TotalEnergies EP Gabon has reported decline in revenue in the first quarter of 2023 compared to the same period last year, in a context marked by a fall in oil prices. “ The turnover for the first quarter of 2023 amounted to 105 million dollars (64.3 billion FCFA, at the current dollar rate) down 44% compared to the first […]

Tullow Oil has declared major investment plans to inject close to 1.4 billion dollars (832 billion FCFA) in the oil exploration and production sector in Gabon. This investment will be spread over the next four years, officials of this company indicated during a recent audience with the Minister of Oil, Vincent de Paul Massassa. Tullow Oil […]

The British company BW Energy with major E&P asset in Gabon has in recent months increased its oil production on the Hibiscus/Ruche field in Gabon. The significant crude oil production increase is attributed to the start-up of the “Mabomo” mobile production unit with MOBOMO meaning wealth in a Gabonese language. The oil production enhancement unit which […]

The dream of a Africa French speaking country in achieving sufficiency in domestic gas is not far from reality. This following the arrival of the first equipment packages needed to finalize the construction of the LPG (liquefied petroleum gas or butane gas) production plant in Batanga, in the Ogooué-Maritime province of Gabon in Port-Gentil as […]

Gabon resilient pursuit to up its crude oil production level has been championed by Perenco. The oil company via its recent update on April 27, 2023 to the Minister of Oil, Vincent de Paul Massassa has stated its various initiated projects in Gabon. According to New Garbo media, the company has disclosed its plans to develop […]