“Lower risk, higher potential” in Vaalco tie up for TransGlobe
In this day and age, there is no space for a small cap oil company, according to TransGlobe Energy CEO and president Randy Neely, making the case for a tie up with Vaalco Energy.
Gabon
Stena wins CNOOC drilling off Gabon
Stena Drilling has signed a contract to provide its Stena IceMax to CNOOC Africa for two wells next year.
TransGlobe faces up to opposition on Vaalco deal
A challenge has been mounted to TransGlobe Energy’s plans to merge with Vaalco Energy, ahead of the crucial September 29 vote.
BW Energy facility sets sail for Gabon
BW Energy’s new offshore production facility has set sail for Gabon, on a heavy lift vessel. It is due to arrive by the end of September.
Vaalco, TransGlobe set out merger plan
Vaalco Energy (LON:EGY) has set out a plan to acquire TransGlobe Energy (LON:TGL) in an all-stock merger, valuing the latter at $307 million.
Vaalco adds two wells to drilling plans off Gabon
Following success, Vaalco Energy has elected to keep its Borr Drilling rig for another two wells offshore Gabon.
Exploration is back on the menu in Africa, with big finds and strong prices
Exploration is back, emissaries of some of the world’s top oil companies have said, with Africa in a strong position to meet new demand.
Vaalco starts up second well, spuds a third
Vaalco Energy has completed a new well in the Etame field. Initial flow rates of 3,100 barrels per day of oil gross exceeding internal expectations.
Vaalco balances caution with expansion in formative year
Vaalco Energy will focus on delivering its expansion projects this year, while avoiding any threats to production, CEO George Maxwell has said.
Vaalco picks DOF Subsea for FSO switchover work
Vaalco Energy has contracted DOF Subsea to carry out subsea construction and installation work to allow it to go ahead with swapping in a floating storage and offloading (FSO) vessel in Gabon.
Panoro focuses on development in 2022
Panoro Energy more than tripled its production in 2021, to 7,582 barrels per day of oil.
Drilling is in, IHS Markit says, as resources rise
The industry drilled more wells in 2021 than 2020, IHS Markit has reported, with notable successes in high impact wells adding new resources.
Gabon oil workers strike over vaccine mandates, PCR testing
Oil workers, and others, have gone on strike in Gabon in protest at COVID-19 measures.
Vaalco kicks off Gabon drilling work with Borr rig
Vaalco Energy has got its drilling campaign offshore Gabon under way with a well on the Etame field.
TotalEnergies closes Gabon sale to Perenco
TotalEnergies has closed the sale of its non-operated assets in Gabon to Perenco, following approval from the local authorities.
Tullow tips Lake Albert for 2022 launch, exits Suriname blocks
Uganda’s Parliament may not approve the Lake Albert development until the end of the year, pushing the final investment decision (FID) into early 2022.
Aquaterra wins BW Energy rig work
Aquaterra Energy has won a $4.4 million contract to participate in the conversion of the Hibiscus Alpha jack-up rig, which will be located offshore Gabon.
Lamprell lines up jack-up conversion for BW Energy’s Gabon plans
Lamprell has won a rig conversion contract from BW Energy for a project offshore Gabon.
Higher oil prices pay off for Maurel
Maurel et Prom has reported production slipping 5% in the first nine months of the year, even while revenues increased 42%.
BW Energy starts up Tortue Phase 2
BW Energy has begun producing from its Tortue Phase 2 project, in Gabon’s Dussafu Marin licence.
BW Energy takes two blocks in Gabon’s delayed round
BW Energy has signed up to two new exploration blocks offshore Gabon as part of the country’s often delayed 12th offshore licensing round.
Borr signs West African contracts as optimism rises
Borr Drilling sees better times ahead, predicting all its rigs might be in work by the end of 2022.
Vaalco lines up new FSO provider
Vaalco Energy has signed a binding letter of intent (LoI) with World Carrier Offshore Services to provide a floating storage and offloading (FSO) vessel offshore Gabon.
BW Energy strikes oil at Dussafu exploration
BW Energy has found oil at the Hibiscus North exploration well (DHBNM-1) at the Dussafu Block, offshore Gabon.
Gabon cashes carbon cheque for forestry support
The Central African Forest Initiative (CAFI) has made a first payment to Gabon for the country’s reduced deforestation.