Sub Sahara Africa
News
July 26, 2024
TotalEnergies sold its stake in 18 Nigerian onshore oil licenses to Chappal Energies. This reflects a trend of junior explorers and African national oil companies acquiring onshore assets as global majors focus on offshore projects.
News
November 01, 2022
OPEC’s crude production held steady last month after the group pledged a symbolic cutback to stabilize market sentiment, with output up 30,000 bpd to 29.98 million barrels ahead of deeper cuts this month.
News
October 07, 2022
Madagascar Oil SA, which operates the Tsimiroro Oil block 3104, announced it has signed contracts to supply heavy oil to some of Madagascar's largest industries located in the Vakinankaratra region.
News
August 22, 2022
Invictus Energy Ltd. plans to start drilling at its Cabora Bassa oil and gas prospect in northern Zimbabwe by early September.
News
August 19, 2022
South Africa expects TotalEnergies SE to submit a production plan within weeks to utilize a prolific offshore gas discovery that will form a key part of increasing investment in the sector.
News
June 08, 2022
The Democratic Republic of Congo’s plan to auction oil exploration blocks next month threatens to disrupt some of the world’s most important carbon sinks and could jeopardize a $500 million forest preservation agreement.
News
May 25, 2022
Invictus Energy is currently planning its maiden drilling campaign in the Cabora Bassa Basin in Zimbabwe which is estimated to commence in July, said Scott Macmillan, Managing Director of Invictus Energy.
News
March 02, 2022
The African Energy Chamber sat with Ian Cloke, COO Afentra, to discuss the potential of what could engineer Namibia’s new era of hydrocarbon exploration and production for the country.
News
January 07, 2021
LNG-to-power projects have been booming from Asia to Latin America in recent years as they allow nations to switch from dirtier fossil fuels to keep the lights on. And for sellers, integrated LNG-to-power provides a guaranteed outlet for the fuel.
News
December 16, 2019
Equatorial Guinea forecasts investments of at least $1.4 billion in its hydrocarbon sector next year through the development of oil projects and an increase in exploration.
News
November 27, 2019
Officially launched in April, the round received interest from 53 international and national companies, with 17 companies submitting official bids and seven companies awarded concessions for nine blocks.
News
November 26, 2019
Under the auspices of the Ministry of Mines and Hydrocarbons and supported by the African Energy Chamber, “Equatorial Guinea 2020 Year of Investment” is aimed at attracting foreign direct investment.
News
November 03, 2019
The S-5 well was drilled to a depth of 4,400 meters and encountered 39 meters of net oil play in the Santonian reservoir in the offshore Rio Muni Basin, the Ministry of Mines and Hydrocarbons said in an emailed statement.
News
October 23, 2019
The memorandum lays the basis for LUKOIL’s potential participation in projects to explore and produce hydrocarbons in Equatorial Guinea.
News
October 03, 2019
Supported by the African Energy Chamber, the Year of Investment 2020 is an initiative of the Ministry of Mines and Hydrocarbons to pursue Equatorial Guinea's agenda of energy cooperation and investment, and see the signing of several energy deals in 2020.
News
September 13, 2019
The objective of the Etame 9P appraisal wellbore is to test the Dentale reservoirs beneath the Etame field. VAALCO estimates that there could be up to 4.6 MM gross barrels of recoverable oil present in the Dentale reservoirs.
News
September 06, 2019
Equatorial Guinea wants to secure $700 million in support from the International Monetary Fund by January as the country seeks to help shore up central Africa’s common currency.
News
April 11, 2017
HNR Energia B.V., a wholly-owned subsidiary of Harvest Natural Resources, Inc. closed the sale of all of its Gabon interests in accordance with a previously announced sale and purchase agreement dated Dec. 21, 2016 among Harvest, HNR Energia B.V. and BW Energy Gabon Pte. Ltd, a private Singapore company.
News
April 04, 2017
2H Offshore, an Acteon company, has successfully completed the installation of the first of 17 production top tension risers (TTRs) for Total E&P Congo’s Moho Nord field.
News
March 24, 2017
Royal Dutch Shell, through its affiliates, has reached an agreement with Assala Energy Holdings, a portfolio company of the Carlyle Group, to sell 100% of its Gabon onshore assets for $587 million. The sale and purchase agreement (SPA) is subject to certain conditions which include various approvals. Closing is expected in mid-2017.
News
March 20, 2017
South Sudan and Equatorial Guinea announced an historic partnership today in Juba, setting out the terms for a strong bilateral relationship between the African oil and gas producers.
