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 […]

Gabon has indicated economic interest in the Central African pipelines project initiated by Equatorial Guinea. The project which is led by Equatorial Guinea consists of the construction of three lines of pipelines. The pipeline will connect Cameroon, the Central African Republic and Chad. A second which connects Equatorial Guinea, Gabon and the Republic of Congo, and a […]

The Director of Exploration and Development of Oil India has announced that his oil group will carry out tests on the Lassa Field, near Lambarene in the province of Moyen-Ogooué. This was said during an audience hearing granted to Oil Indian Executive team by the Gabonese Minister of Petroleum on September 7, 2022, “We have […]

As shown in a recent well drilling campaign program, Gabon is betting on oil production up by 2.2%, according to the forecasts contained in the macroeconomic and budgetary framework document for the period 2023-2025. This production would then stand at 10.99 million tonnes against forecasts of 10.7 million metric tonnes in 2022 in the amending finance […]

BW Energy has announced the sail away of the BW MaBoMo (formerly Hibiscus Alpha) offshore production facility. The production facility is currently onboard a heavy-lift vessel in transit to the Dussafu license offshore Gabon where it will be installed to produce oil from the Hibiscus and Ruche fields. The BW MaBoMo is expected to arrive on the field at the end of September for installation and hook-up […]

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 […]

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 […]

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 […]