Africa has the resources it needs to provide power for its people, but aboveground challenges must be resolved to speed the way, speakers on a PESGB / HGS Africa E&P Conference 2021 panel have said.
Equatorial Guinea has forbidden unvaccinated people from working on- or offshore in the oil and gas sector.
The UK has announced new sanctions against five people, including officials in Equatorial Guinea and Zimbabwe.
The new US administration is keen to claim its role in new African markets, while also working on efforts to tackle climate change.
Trident Energy will begin drilling in Equatorial Guinea’s Block G on June 22, following the arrival of the Sapphire Driller rig.
Vaalco Energy has a new CEO and a strategy that aims to place the company among its West Africa-focused peers on the London market.
Kosmos Energy is getting back to work offshore Africa, in Ghana and with three wells planned this year for Equatorial Guinea.
Kosmos Energy has appointed two former Cobalt International Energy executives to run its exploration business.
George Maxwell has been named as Vaalco Energy’s new CEO, replacing Cary Bounds.
Tullow Oil has reported a post-tax loss of $1.22 billion for 2020, with production to continue sliding in 2020.
Chevron has reached first gas its Alen gas project, in Equatorial Guinea.
The Nigerian military has committed to providing “maximum security” for the country’s oil and gas assets.
Kosmos Energy expects its capital expenditure to reach $575-625 million this year, driven largely by its work with BP offshore Mauritania and Senegal.
Panoro Energy has struck a deal to buy assets owned by Tullow Oil in Equatorial Guinea and Gabon for up to $180 million.
Glencore’s wells in Chad remain offline although the Alen field, in Equatorial Guinea, is expected to start up on schedule in the first quarter.
Equatorial Guinea expects foreign direct investment in 2021 could reach $1.11 billion, according to the energy ministry, while production is expected to increase.
Tullow Oil is moving away from its focus on asset sales and has set out a long-term vision, under which it will generate $7 billion over the next 10 years.
Russia’s state-owned Rosgeo has completed its first phase of work in Equatorial Guinea’s Rio Muni region.
Kosmos Energy has dropped plans to sell down its stake in an LNG project offshore Mauritania and Senegal, instead opting to seek financing for its plans.
A pirate attack at Equatorial Guinea’s LNG terminal has exposed onshore security shortcomings.
A team from Russia’s Rosgeo has arrived in Equatorial Guinea and begun geological mapping in the mainland Rio Muni area.
Noble Energy raised the possibility of selling out to Chevron on May 12. The super-major took only until May 28 to indicate it would be keen for such a deal.
Kosmos Energy reported a net loss of $199 million for the second quarter of the year, with an adjusted net loss of $95mn.
Glencore produced more oil in the first half of the year, despite shutting down its Chadian assets.
Equatorial Guinea has awarded Nexant the feasibility study on a new formaldehyde plant at Punta Europa and work to develop a Gas Master Plan to Gas Strategies.