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.
Stena Drilling has signed a contract to provide its Stena IceMax to CNOOC Africa for two wells next year.
A challenge has been mounted to TransGlobe Energy’s plans to merge with Vaalco Energy, ahead of the crucial September 29 vote.
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.
Following success, Vaalco Energy has elected to keep its Borr Drilling rig for another two wells offshore Gabon.
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 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 Energy will focus on delivering its expansion projects this year, while avoiding any threats to production, CEO George Maxwell has said.
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 Energy more than tripled its production in 2021, to 7,582 barrels per day of oil.
The industry drilled more wells in 2021 than 2020, IHS Markit has reported, with notable successes in high impact wells adding new resources.
Oil workers, and others, have gone on strike in Gabon in protest at COVID-19 measures.
Vaalco Energy has got its drilling campaign offshore Gabon under way with a well on the Etame field.
TotalEnergies has closed the sale of its non-operated assets in Gabon to Perenco, following approval from the local authorities.
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 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 has won a rig conversion contract from BW Energy for a project offshore Gabon.
Maurel et Prom has reported production slipping 5% in the first nine months of the year, even while revenues increased 42%.
BW Energy has begun producing from its Tortue Phase 2 project, in Gabon’s Dussafu Marin licence.
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 Drilling sees better times ahead, predicting all its rigs might be in work by the end of 2022.
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 has found oil at the Hibiscus North exploration well (DHBNM-1) at the Dussafu Block, offshore Gabon.
The Central African Forest Initiative (CAFI) has made a first payment to Gabon for the country’s reduced deforestation.