News
VAALCO completes acquisition of additional interest in the Etame field from Sasol, Gabon
02-26-2021 | 13:24:00VAALCO Energy announced it has completed the previously announced acquisition of Sasol Gabon's 27.8% working interest in the Etame Marin block offshore Gabon, increasing the Company’s total working interest to 58.8%.
Equatorial Guinea leads regional gas monetization via Alen Backfill project
02-26-2021 | 10:04:51The Alen gas monetization backfill project represents the first phase of the strategic vision to transform Equatorial Guinea into a Gas Mega Hub.
The African Energy Chamber commits to facilitate capital raising for energy projects
02-26-2021 | 05:12:58The Investment Committee of the African Energy Chamber met for the second time since their appointment mid-last year, to set an agenda that will facilitate capital raising for energy projects in Africa.
Turboden, Siemens Energy start development of high efficient gas compressor station at GASCO in Egypt
02-25-2021 | 11:28:00Turboden, the supplier of largest high-temperature ORC system ever built, which, coupled with 20 MWe electric motor driven (EMD) compressors supplied by Siemens Energy, is boosting the efficiency of GASCO Dahshour gas compressor station in Egypt.
UTEC wins survey work for the Coral-Sul FLNG project offshore Mozambique
02-25-2021 | 10:47:46UTEC, a global surveying company and part of marine energy and infrastructure services group Acteon, has been awarded survey work by TechnipFMC to support the development of Coral-Sul FLNG project offshore Mozambique.
[Nigeria] DPR partners with Omni-Blu Aviation to de-risk oil, gas operations
02-25-2021 | 06:32:58The Department of Petroleum Resources has inaugurated an initiative aimed at tackling accidents associated with oil and gas operations through the use of helicopters to ensure the safety of lives.
[Nigeria] Mayfair receives Cost and Revenue Sharing Agreement termination letter from Optimum Petroleum
02-24-2021 | 13:44:15LEKOIL announced that Mayfair Assets and Trusts (Mayfair), in which the Company has a 90% economic interest, has received a letter from Optimum Petroleum, proposing to terminate the Cost and Revenue Sharing Agreement executed for OPL 310.
EnerMech establishes presence in Mozambique, appoints new Country Manager
02-24-2021 | 13:25:00EnerMech has appointed Celestino Maússe to the newly created role of Mozambique country manager as the company seeks to expand its business as local activity ramps up.
Cameroon’s Tradex inaugurates first service station in Equatorial Guinea
02-24-2021 | 05:36:30H.E. Teodoro Obiang Nguema Mbasogo, Equatorial Guinea’s Head of State officially inaugurated Cameroonian oil operator, Tradex’s first service station last week after nine months of construction work.
Angola National Agency for Oil, Gas and Biofuels moves to make 2020 bid round more transparent
02-24-2021 | 05:30:59Angola’s National Agency for Oil, Gas and Biofuels (ANPG) now allows those interested in partaking in the ongoing 2020 licensing round for oil blocks in the onshore Kwanza and Lower Congo Basins.
Damietta restarts LNG production in Egypt
02-23-2021 | 08:39:20Eni reports that the first LNG cargo from the Damietta liquefaction plant in Egypt was successfully produced and lifted. This is the first LNG cargo produced by the terminal after it was shut down in 2012.
Chariot Oil & Gas signs Collaboration Agreement to fast track Anchois Gas Development project in Morocco
02-23-2021 | 08:30:00Chariot Oil & Gas signed a Collaboration Agreement with Subsea Integration Alliance to enable the front-end design, engineering, procurement, construction, installation and operation of the Anchois Gas Development project in Morocco.
Centurion Law Group advises Panoro Energy on its acquisition of Tullow’s Oil asset in Equatorial Guinea
02-22-2021 | 11:45:57Pan African Law Conglomerate, Centurion Law Group has acted as local counsel to Panoro Energy ASA on the $105 million purchase of all Tullow Oil PLC (Tullow) assets in Equatorial Guinea.
[Morocco] Predator Oil & Gas prepares to drill in Guercif
02-22-2021 | 08:27:00Predator Oil & Gas, an oil and gas exploration company based in UK, announced the start of preparations for drilling the MOU-1 well of its project in Guercif, eastern Morocco.
[Senegal] President calls for National Oil and Gas Reform
02-22-2021 | 07:41:55H.E. President Macky Sall is seeking to ensure a swifter progression of oil and gas projects in the country
COLUMNS.
Adopting competitive fiscal frameworks key to boosting investment in Africa’s oil and gas sector
Without bold fiscal reforms, Africa is doomed to further loose its global market share of oil & gas investment and production... read full analysis here
[Column] NJ Ayuk: African countries must develop strategic fiscal policies to survive oil & gas industry changes on horizon
The future of the global oil and gas industry has been a subject of great fascination and debate for decades. Since COVID-19 surfaced, there has been even more conjecture on this topic... read full column here
[Column] C. Derek Campbell : Stakeholders’ engagement key to the success of Mozambique’s LNG projects
The scale and enormous economic potential of Mozambique’s LNG projects constitutes a seminal effort with national, regional and global implications and visibility ...read full column here