News
April 18, 2024
The country’s economic growth is forecast to decline 5.5% this year, making it the world’s worst-performing economy, according to available IMF data. And after nearly three decades in Equatorial Guinea, Exxon Mobil Corp. is planning to pull out entirely, a decision the company says is part of a long-term strategy.
News
April 18, 2024
In June, 2024, ReconAfrica expects to begin drilling operations at the Naingopo exploration well. The well is targeting 163 MMbbl of unrisked prospective oil resources, or 843 Bcf of unrisked prospective natural gas resources.
News
April 16, 2024
An estimated 11 Bbbl of crude oil was found in the water off the southwest African nation’s shores in 2022 by TotalEnergies SE and Shell Plc. Some have touted it as potentially the world’s biggest ever deepwater find. If even a fraction of that amount is profitable to exploit, it would quickly swamp the $13 billion Namibian economy.
News
April 10, 2024
Energean plc has completed the farm-in to Chariot Limited's acreage offshore Morocco and signed a rig contract with Stena Drilling Limited. Energean has paid $10 million cash consideration upon farm-in closing.
News
April 09, 2024
This Memorandum of Understanding outlines the realization of a work program for the appraisal and development of gas resources in the North-East Timimoun region, in synergy with existing processing facilities for production from the Timimoun natural gas field, to reduce costs and emissions.
News
April 08, 2024
While PGS didn’t reveal the exact location of the contract, recent finds in Namibia and Uruguay suggest the work will take place in these emerging exploration hot spots.
News
April 04, 2024
Senegal will review agreements signed with oil and gas and other resources companies to ensure they’re optimized for the state to benefit, newly elected President Bassirou Diomaye Faye said.
News
April 04, 2024
Covering a surface area of approximately 600 km2, in water depths ranging from 50 m to 100 m, 19 wells have been drilled on Block EG-23 to date resulting in seven hydrocarbon discoveries (four oil, two gas and one gas/condensate), some of which have been tested.
News
April 02, 2024
Discoveries made by TotalEnergies, Shell and Galp Energia have the potential to create thousands of jobs and contribute billions to the country’s GDP, with some estimating that Namibia’s economy could double by 2040
News
March 31, 2024
Activities include acquiring over 26,000 km2 of 3D seismic data, drilling at least four deepwater research wells, and geoscientific studies in the Save and Angoche offshore regions.
News
March 28, 2024
The West African country is set to open the taps this year on the $4.8 billion Grand Tortue Ahmeyim liquefied natural gas (LNG) project and Sangomar oil development after numerous delays, setting it up to become one of the world’s fastest-growing economies.
News
March 27, 2024
It is estimated that using DIAL will enhance the net present value (NPV) of each well by up to $50 million over their lifetime. The contract is expected to lead to further adoption of DIAL in West Africa and across the continent.
News
March 25, 2024
VAALCO Energy, Inc. announced that all partners have signed the final documents and the Government of Equatorial Guinea has approved the Joint Operating agreement (“JOA”) related to the Venus-Block P Plan of Development (“POD”).
News
March 22, 2024
Following the two gas discoveries from the Upper and Lower Angwa reservoirs in the recently completed Mukuyu-2 / ST1 drilling campaign and the compositional analysis from fast-tracked downhole reservoir fluid samples, the analysis of additional downhole fluid samples has confirmed a rich gas-condensate discovery in Mukuyu and presence of light oil.
News
March 21, 2024
On Wednesday, March 20, Perenco confirmed that a fire broke out at its Becuna platform in the Simba oil and gas field offshore Gabon. Today, March 21, Perenco unfortunately confirmed the death of five people.
News
March 20, 2024
The blocks, situated offshore to the east of the Unguja and Pemba Islands within water depths between 500 m and 3,000 m, represent a large frontier area and form part of a five-year exploration road map.
News
March 18, 2024
Africa Oil Corp. has made a cash offer to acquire up to 8.0% of issued shares from minority shareholders in Impact Oil and Gas Limited. The offer is worth up to approximately $64 million.
News
March 15, 2024
Drilling operations on PEL 83 encountered a significant column with light oil in reservoirs of high quality. The AVO-3 exploration target, the AVO-1 appraisal target and a deeper target were fully cored and logged.
News
March 13, 2024
Condensate gas ratios (CGR) are estimated between 14-22 barrels per million standard cubic foot (bbls/MMcfg) of gas from the Mukuyu-2 samples with a condensate API gravity of 50-60.
News
March 10, 2024
Senegal’s readying to become a natural gas producer for the first time as its Greater Tortue Ahmeyim field, developed by bp Plc and Kosmos Energy Ltd., is scheduled to start production later this year.
News
March 08, 2024
The well encountered light oil, gas, and condensates in various intervals of Cenomanian age characterized by good to excellent permeability values. Preliminary assessments indicate potential resources ranging between 1 and 1.5 Bboe.
