VAALCO Energy has announced that the Etame co-venturers approved the Bareboat Contract and Operating Agreement with World Carrier Offshore Services Corp and the Agreements are now effective. As previously announced on August 25, 2021, the new Agreements to replace the existing Floating Production, Storage and Offloading unit (“FPSO”) with a Floating Storage and Offloading unit […]

BW Energy has now concluded the drilling and the logging of the exploration well, Hibiscus North (DHBNM-1). The well is located in a separate structure, approximately 6 km north-northeast of the Hibiscus discovery in 115 metres of water depth.  The well was drilled to a total depth of 3336 metres. During the drilling operations at Hibiscus North, oil-bearing reservoir was encountered in the Upper Gamba sandstone and in the deeper Dentale formation. Wireline logging operations and fluid samplings showed lower […]

BW Energy Limited has said that the company has discovered huge oil deposit in the Hibiscus North exploration well (DHBNM-1) in the Dussafu Block offshore Gabon. The well is located approximately 6 km north-northeast of the Hibiscus discovery well DHIBM-1 in approximately 115 metres of water depth. The well will be drilled to a planned total depth of approximately 3500m. It is […]

Panoro Energy ASA  is successfully progressing in its Dussafu operatios according to recent update on the Dussafu Marin PSC, offshore Gabon, where it holds a 17.5% Working Interest.  This includes the Successful completion of DTM-7H, the final horizontal production well of Phase 2. High-quality oil-bearing sands were encountered in line with prognosis. Completion and tie-in […]

(Le Nouveau Gabon) – In an announcement published in the press on June 22, the Chinese Cnooc International announces that it is looking for investors for the drilling of oil wells in Gabon and Senegal. “ Cnooc International invites interested parties with technical, financial and operational capacities to participate in its international public prequalification process for […]

Panoro Energy has announced the completion of the acquisition of an additional 10% working interest in Dussafu Marin permit, offshore Gabon, by its subsidiary Pan-Petroleum Gabon B.V. from a subsidiary of Tullow Oil plc. Following the completion, Panoro-Gabon holds a 17.4997% non-operated working interest in Dussafu Marin permit.  “We are extremely pleased to have completed […]

HIGHLIGHTS Q1 EBITDA of USD 33.2 million and net profit of USD 7.8 million Maintained a strong balance sheet with no debt and cash position of USD 184.8 million Q1 gross production of 1.22 million barrels with 0.8 million barrels sold to the Company Completed one lifting of 0.65 million barrels (net BWE) at a price of USD 66.7 per barrel Jack-up rig soon on location to drill the DTM-7H horizontal production well at the Tortue field Progressing preparations for Hibiscus/Ruche development with […]

Assala Energy, the Gabonese subsidiary of the American The Carlyle Group, announces new investments at the Gamba site located in the province of Ogooué-Maritime. “Our 14 million USD (7.52 billion FCFA) electric gas compressor project in Gamba is on track. It will support future development in the field, improving oil recovery, improving energy and cost efficiency […]

VAALCO Energy has announced that it has entered into crude oil commodity swap agreements for a total of 672,533 barrels at a Dated Brent weighted average price of $66.51 per barrel for the period from and including May 2021 through October 2021. These swaps will settle on a monthly basis.  The Company is hedging a […]

TGS, a global provider of energy data and intelligence, today announced it signed a Memorandum of Understanding (MOU) with carbon storage experts Horisont Energi to jointly develop new Carbon Capture and Storage (CCS) technologies. The MOU between the companies signifies a unique collaborative effort to identify and develop efficient methods for both the identification and […]