Borders open and a new transitional president, Gabon steps forward
As the security forces took control of the country, they ordered borders and ports to shutter. This triggered a drop off in oil loadings, according to OilX’s Florian Thaler.
Gabon
Update: Oil production continues amid Gabon coup
A TotalEnergies official said the company was “mobilised to ensure the safety of its employees and operations, which is its main priority”.
Maurel buys Assala in “step change” for Gabon plans
The transaction will increase Maurel’s production to 67,800 boepd, it reported, of which 56,500 bpd will be in Gabon. The deal will also see Maurel take over a midstream network and the Gamba oil terminal.
Assala’s up for grabs, but the model is proven
“That’s not cutting costs with a machete and being unsafe. We’re doing more with safe facilities. It’s not just good to cut costs and allocate that cash to other areas but it also facilitates financing of the company.”
Perenco sets out Gabon gas-to-power growth plans
Signing the MoU in early April, Gabon said Perenco was investing around $40 million in infrastructure. Gabon Power will put in around $84mn.
Tullow, Perenco swap Gabon assets
Appraisal drilling in the DE8 licence is also under way. Tullow said this could begin producing oil via Tchatamba infrastructure before the end of 2023. There are also more ILX opportunities on the DE8 licence.
BW Energy completes first Hibiscus well
The BW Adolo FPSO will process oil from this development phase alongside the Tortue production. Tankers will offload oil from the FPSO for export.
Maurel pins 2023 hopes on Gabon
This year, the company aims to focus its spending in Gabon. It will spend $100mn on development, of which $85mn will be in Gabon.
Tullow targets transformation through debt payments
In Cote d’Ivoire, the independent is planning to drill an exploration well in 2024 on CI-524. The company has also secured a new licence in the country, CI-803, where it sees insights from its Tano Basin knowledge.
Perenco takes FID on Gabon LNG plan
“We are pleased to be investing to help meet Gabon’s future energy demands, supporting the country in reducing its emissions, and delivering a project that will also create hundreds of direct and indirect employment opportunities.”
CNOOC seeks to unleash Gabon’s game changing Tigre
Gabon is producing around 200,000 barrels per day. Should Tigre be successful, and if the in-place forecasts are accurate, the project could double Gabon’s production, S&P said.
Gabon, then Equatorial Guinea, to drive Panoro growth in 2023
“Panoro is entering a phase of continual drilling activity which will see at least 10 wells being drilled in Gabon and Equatorial Guinea over the next 12 to 15 months and deliver a step-change in working interest production,” said company CEO John Hamilton.
Maurel pays down debt, progresses Wentworth deal
Operations had returned to normal in the third quarter in Gabon, Maurel said. The company began a well stimulation campaign in the fourth quarter of 2022, with the field now capable of producing more than 21,000 bpd.
Total Gabon extends licence for 25 years
"The signing of these agreements confirms our company's desire to strengthen its partnership with the Gabonese republic and to pursue the development of its activities in Gabon,” said Henri-Max Ndong-Nzue, the head of the Gabonese unit.
Vaalco struggles to reach goals at Gabon well
Vaalco Energy has seen some disappointing results from a recent well offshore Gabon, but is looking for solutions.
Vaalco CEO aims for growth, mulls shareholder options
Vaalco Energy has completed the installation of new floating infrastructure off Gabon, shortly after completing its merger with TransGlobe Energy.
Carlyle considers Gabon-focused Assala sale
Carlyle Group is preparing to sell its Gabon-focused Assala Energy, with the aim of raising $1 billion.
TransGlobe sale to Vaalco squeaks through
Shareholders of TransGlobe Energy have backed the planned sale to Vaalco Energy by 72.8%, just over the required level of 66.66%.
“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.
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.