Savannah Energy enters Central African oil markets
The British independent has signed agreements to acquire ExxonMobil and PETRONAS’ assets in Chad and Cameroon
As a result of both acquisitions, Savannah Energy is acquiring a combined 75% controlling interest in the Doba Oil Project and 70% indirect controlling interest in the Chad-Cameroon oil export transportation system.Read More
The Collaboration Agreement paves the way for a groundbreaking on the D.R. Congo's first deepwater port project within a year.
Gulf of Guinea
This marks the beginning of a new drilling campaign executed by an affiliate of Borr Drilling. Upon completion in 2022, VAALCO Energy expects a production uplift of 7,000 to 8,000 barrels of oil per day (bopd) from Etame Marin.
Gabon is thought to hold between 3 to 5 Tcf of gas, but remains a small gas producer. The country now wants to cut routine flaring altogether and monetise it for the benefits of its industries, households, and economy.
Gulf of Guinea
In parallel to the completion of Tortue Phase 2, BW Energy is preparing to execute a third development phase with the Ruche Phase 1 project.
Yesterday, the Gabon Power Company (GPC) signed a landmark Concession Agreement with Wärtsilä for the development, supply, construction, operation and maintenance of a new 120 MW gas-to-power project in Owendo, next to the capital city of Libreville.
BW Energy has been provisionally awarded two offshore exploration blocks in Gabon as part of the country’s 12th Offshore Licensing Round.
Gulf of Guinea
The installation of a new GLDU was necessary in order to replace the existing one where gas leaks were detected on the seabed four years ago.
The country will get back in recession next year and is in dire need of fresh investment to reverse production decline. Can VAALCO's future development activities help revive Equatorial Guinea's offshore industry?
The preliminary results indicate that the field could be incorporated into future development planning with a possible tie back to the Hibiscus Ruche development but with reserves below the lower end of the pre-drill resource estimate of potential 10 to 40 million barrels of oil.
Partners on Africa's flagship FLNG unit offshore Cameroon have agreed to expand capacity utilisation by 200,000 tonnes in 2022 and possibly by another 400,000 tonnes from 2023.
VAALCO Energy, the independent company operating oil & gas projects offshore Central Africa, has just reported a strong net income of $31.7m for Q3 2021.
A recent study concludes that pursuing large hydropower dams in the DRC is financially risky for South Africa, and assesses the feasibility and cost-effectiveness of renewable energy alternatives to serve the energy needs of both the DRC and South Africa.
Faced with declining oil reserves and the threat of climate change, the Gabonese government has committed to green budgeting.
The Turkish group Desiba Energy is taking charge of the construction of a new 20 MW solar PV facility for an investment of FCFA 17.7 bn.
The surfacing work on the first section going from PK 24 to PK 105 was launched on August 27 at PK 56. The authorities hope to deliver this first section of 81 kilometers by July 2022.