The Gabonese government has undertaken to carry out an audit of the oil sector. This commitment is contained in Gabon’s Memorandum on Economic and Financial Policies (MEFP). The document is attached to the letter of intent addressed by Libreville to the International Monetary Fund (IMF), to benefit from financing from the financial institution last June according to […]

BW Energy today provides an update on the operations and development of the Dussafu Marin license in Gabon. The Company will publish financial figures for the second quarter and first half of 2022 on Thursday, 25 August. Gross production from the Tortue field averaged approximately 10,700 barrels of oil per day in the second quarter of 2022, amounting to a total gross production of approximately 975,000 barrels of oil for the period and in line with expectations. As previously guided, there were no BW Energy liftings in the quarter. Production cost (excluding royalties) was approximately USD 35 per […]

VAALCO Energy Inc. has said that the South Tchibala 1HB-ST well of the Avouma platform in the Etame field has been successfully drilled and completed, offshore Gabon, The company has also provided an additional operational information regarding its activities in Gabon. The South Tchibala 1HB-ST well was successfully completed after performing a frac pack on […]

National Hydrocarbons Gabon Oil Company (GOC has decided to recapitalize its share capital, which until now was 1 billion FCFA, but has now stood at 11 billion FCFA. This was sanctioned at the Council of Ministers held on June 29, 2022, According to the government, this recapitalization falls within the framework of the modification of […]

The Czech Republic wants to invest in Gabon in the oil and gas sectors. This is what emerges from the exchanges between the Czech Secretary of State, Miloslav Stasek and the Gabonese Minister of Oil and Gas, Vincent De Paul Massassa, on June 22, 2022 in Libreville. “  The Czech Republic is present in Gabon in particular […]

After more than 90 years in the Gabonese oil sector, the company TotalEnergies has decided to expand its investments in the forestry sector. The company has just acquired 49% of the shares of the Compagnie des bois du Gabon (CBG), it informs in a press release made public on June 15, 2022. Certified Forest Stewardship Council […]

VAALCO Energy Inc. has announced the successful drilling of the South Tchibala 1HB-ST well that was drilled from the Avouma platform in the Etame field, offshore Gabon. Highlights Discovered significant columns of multiple hydrocarbon bearing sands in the Dentale; Completing the Dentale D1 sand (18 meters net hydrocarbons) interval, which is analogous to the Deep […]

(Le Nouveau Gabon) – The oil company Maurel & Prom announced on May 2 that it will gradually reduce its production on the Ezanga permit in Gabon from 19,000 barrels/day to 4,000, a drop of almost 80%. This decision was taken following the incident which occurred on Thursday 28 April at the facilities of the Cap Lopez […]

From May 4 to 6, Andrew Gwodog, Managing Director of the reinsurance company SCG-Ré, led a delegation of insurers to Port-Gentil following the incident at the oil terminal of Cap Lopez, owned by Perenco. This company is insured by Sanlam Gabon and reinsured with SCG-Ré, the national reinsurer. “  Committed to more than 47.75% of this risk […]

Panoro Energy ASA an international independent oil & gas company headquartered in London with production, exploration and development assets in Africa is to increase its oil production in Gabon. The Norwegian company Panoro Energy is investing in the drilling of six new wells, according to our media source New Gabon,  this was disclosed after the […]