Search results

General

Type

Sector

Regions

Sort options

3,928 results found for your search

Subscriber

Kosmos Energy reported progress on its core development projects in West Africa in a Q3 2022 results release on 7 November. The New York Stock Exchange- and London Stock Exchange-listed firm said it was advancing several gas opportunities, which it now believes will drive growth beyond 2024 as it continues to increase the weighting of natural gas in its traditionally crude-heavy portfolio.

Ghana | Mauritania | Equatorial Guinea | Senegal
Subscriber

ExxonMobil announced on 7 November a discovery at the Bavuca South-1 exploration well in Block 15. The well, 65km northwest off the coast, encountered 30 meters of high-quality, hydrocarbon-bearing sandstone.

Angola
Subscriber

Having closed its $307m merger with Canada’s TransGlobe Energy, Houston-headquartered Vaalco Energy is looking to exploit potential cost savings of up to $50m, its chief executive George Maxwell told African Energy.

Egypt | Equatorial Guinea | Gabon
Subscriber

Addax Petroleum Corporation has ended a 24-year presence in Nigeria after Nigerian National Petroleum Company (NNPC) confirmed on 1 November that it had signed a memorandum of understanding (MoU) on the transfer, settlement and exit agreement for oil mining leases (OMLs) 123, 124, 126 and 137.

Nigeria
Subscriber

TotalEnergies chief executive Patrick Pouyanné reaffirmed the French major’s commitment to oil and gas, saying they “will continue to be a significant source of cash”, during his Q1 2022 earnings call. Pouyanné also used the occasion to temper some of the recent Namibia upstream hype, stressed there would be no return to Mozambique LNG this year and outlined a divestment plan for some of Total’s Nigerian oil licences, while holding on to gas assets

Namibia
Subscriber

The East African Crude Oil Pipeline has boosted regional energy ambitions and is poised to swell the treasuries of Tanzania and Uganda, but while the project’s supporters laud its potential economic and developmental benefits it has also ignited a fierce debate over hydrocarbons financing and how deals are structured in the energy transition age.

Uganda | Tanzania
Subscriber

Questions have been raised about Victoria Oil and Gas (VOG)'s  ability to continue after the International Chamber of Commerce (ICC) made a substantial award against it in early April. VOG is a business whose importance extends beyond the narrow interests of its shareholders. Its subsidiary Gaz du Cameroun (GDC) is one of the continent’s rare onshore gas producers that sells to a local clientele.

Cameroon
Subscriber

Outspoken energy minister Gwede Mantashe has gone into bat for the oil and gas industry, in a bid to overcome challenges that have confronted explorers in the South African offshore, writes James Gavin.

Subscriber

For over two decades, onshore natural gas production at Gadiaga has quietly continued building its Senegalese domestic supply business, while more recent attention has focused on major offshores discoveries and the Macky Sall government’s gas-to-power ambitions. Operator Fortesa is seeking funding for expansion eastwards onto the Thiombane Dome, claiming a possible new 1tcf-plus in gas reserves, but is hampered by western reluctance to invest in hydrocarbon exploration, writes Marc Howard.

Senegal
Subscriber

The Maputo government is trying to attract more majors to its offshore acreage, just as industry giants TotalEnergies and Eni ready themselves for further development of their rival liquified natural gas projects in the politically unstable north, writes James Gavin

Mozambique
Subscriber

London AIM-listed Savannah Energy raised $65m on 30 December through a share placing with institutional and other investors. Buyers included five of the company’s six directors, led by chief executive Andrew Knott, who subscribed to £2.2m ($3m)-worth of shares. The proceeds will be used alongside debt and other financing to fund the acquisition of upstream and midstream assets in Chad and Cameroon from ExxonMobil Corporation and Petronas E&P, announced earlier in the month.

Cameroon | Chad
Subscriber

West and central Africa-focused independent PetroNor E&P’s chief executive Knut Søvold remains under investigation by the Norwegian economic crime agency, Økokrim, after being detained in a pre-Christmas swoop related to an ongoing case concerning corruption in African projects.

Gambia | Nigeria | Guinea-Bissau | Congo Brazzaville | Senegal
Subscriber

The unrecognised Republic of Somaliland has slowly been gathering momentum behind its claim for independence from Somalia, while seeking to attract investors – as underlined by Genel Energy’s plans to drill an exploration well there in 2023. Most participants in a debate in the House of Commons on 18 January argued UK recognition of Somaliland would be appropriate given the autonomous territory’s stability and governance record and federal Somalia’s disarray.

Somalia
Subscriber

A recent court ruling in South Africa halting Shell’s plans to continue with a 3D seismic campaign could force a rethink in the way operators engage with local communities, but fears that environmental campaigners’ successes could quash hydrocarbons developments appear wide of the mark, writes James Gavin

South Africa
Subscriber

The nine blocks snapped up in Angola’s onshore licensing round that ended in late September saw a mix of lesser-known foreign and well-placed domestic players secure acreage. This counts as a success story for Luanda in a year when post-Dos Santos Angola has sought to reverse the gloomy narrative that has surrounded Africa’s second biggest oil producer, writes James Gavin.

Angola