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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.

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Infrastructure

DP World and the DRC sign final agreement to develop Banana Port

The Collaboration Agreement paves the way for a groundbreaking on the D.R. Congo's first deepwater port project within a year.

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Gulf of Guinea

VAALCO Energy starts 4-well drilling campaign offshore Gabon

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.

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Natural Gas

Gabon exposes clear vision on what to do with its natural gas

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.

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Gulf of Guinea

BW Energy starts production from Tortue Phase 2 offshore Gabon

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.

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PPP

Gabon signs Concession Agreement for new 120 MW gas-to-power plant

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.

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Gabon

BW Energy, VAALCO Energy and Panoro Energy secure two exploration blocks

BW Energy has been provisionally awarded two offshore exploration blocks in Gabon as part of the country’s 12th Offshore Licensing Round.

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Gulf of Guinea

Trident Energy completes gas lift system milestone offshore Equatorial 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.

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Equatorial Guinea Hawilti+

VAALCO to launch Venus development as a standalone project

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?

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Exploration

BW Energy's discovery at Hibiscus North proves smaller than expected

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.

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Cameroon

FLNG Hilli Episeyo to increase utilisation by 200,000 tons in 2022

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.


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Earnings

VAALCO Energy’s share price rises to historic highs

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.

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Hydropower

Why wind and solar would offer the DRC and South Africa better energy deals than Inga 3

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.

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Sustainability

Gabon adopts green finance to consolidate bases for sustainable development

Faced with declining oil reserves and the threat of climate change, the Gabonese government has committed to green budgeting.

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Solar

Gabon signs agreement for new 20 MW solar plant in Ngounié Province

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.

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Infrastructure

Work has really started on the Trans-Gabon Highway

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.