Cameroon and Equatorial Guinea agree on offshore cross-border gas cooperation


President Teodoro Obiang Nguema Mbasogo of Equatorial Guinea and President Paul Biya of Cameroon have signed a cooperation agreement on the development of oil & gas reserves at their maritime border in the Gulf of Guinea. The agreement was signed in Yaoundé on the sideline of the 15th Ordinary Session of the Conference of Heads […]

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Equatorial Guinea awards three exploration blocks to international independents


Equatorial Guinea has awarded offshore exploration blocks to Panoro Energy and Africa Oil Corp. as it seeks to unlock additional reserves and reverse production decline. Earlier this month, the country appointed the former head of its national oil company, Antonio Oburu Ondo, to replace Gabriel Obiang Lima as Minister of Mines and Hydrocarbons. Infrastructure-led exploration […]

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Exploration in Angola: find out about the country’s latest bidding round at Cape VIII


On April 5th, the Angolan National Oil, Gas and Biofuels Agency (ANPG) opened a tender for eight oil blocks in the Lower Congo and Kwanza offshore basins. These include Blocks 16/21, 31/21, 32/21, 33/21 and 34/21 in the Lower Congo and Blocks 7/21, 8/21 and 9/21 in the Kwanza Basin. In the presence of Minister of Mineral Resources, Petroleum […]

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Can African oil producers help the world end reliance on Russian oil and gas?


Unlocking Africa’s oil and gas potential is now imperative against the backdrop of the war in Ukraine and the resulting crude, diesel, and gas supply crunch. This has rendered European dependence on Russian energy untenable, creating a major opportunity for Africa to position itself as a crucial option to increase the supply to the global […]

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VAALCO Energy’s stock rises to historic highs after Q3 earnings and revenues surpass estimates


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. The company sold 741,000 barrels of oil this past quarter, up 15% from Q2 this year, and benefited from a realised crude oil price of $73.02/bbl. As a result, VAALCO […]

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Trident Energy completes gas lift system milestone offshore Equatorial Guinea


Trident Energy’s ongoing offshore campaign in Equatorial Guinea continues to progress with the successful installation this month of a new gas lift distribution unit (GLDU) at Ceiba. This notably follows the successful completion on the field of a deep offshore hot tapping operation in April this year, and the start of a three-well drilling campaign […]

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VAALCO to launch Venus development as a standalone project offshore Equatorial Guinea


VAALCO Energy has announced that it has completed the feasibility study for the development of the Venus discovery offshore Equatorial Guinea’s mainland. The discovery was made back in 2005 and is located within Block P, where VAALCO farmed in in 2012. The block’s estimated ultimate recovery (EUR) is of over 20 million barrels of oil […]

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In Kyé-Ossi, a women-led trade fair encourages regional integration


Authorities in three Central African countries of Cameroon, Gabon and Equatorial Guinea, officially launched the annual CEMAC Cross-Border Fair (FOTRAC) In August with the aim of stimulating economic activities in a region hard hit by the Covid-19 pandemic. Spread over ten days, the fair in the CEMAC zone is organized in the Cameroonian city of […]

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