Search for missing Gabon offshore worker ongoing after Perenco fire
The search for a missing offshore worker remains ongoing following a fatal fire at a Perenco-operated oil platform in Gabon.
Gabon
African Energy Chamber to visit Gabon after fatal Perenco fire as one worker still missing
An offshore worker remains missing following a fatal fire on a Perenco-operated oil platform which killed five people in Gabon.
UPDATE: Five people dead and one missing after Perenco fire
A fire has broken out on a Perenco oil platform off the coast of Gabon, leaving five people dead and another missing.
Panoro targets new rig for Equatorial Guinea in Q2
Panoro Energy expects growth to continue this year, targeting 40% more production than 2023, despite problems around drilling in Equatorial Guinea.
Perenco chases Hylia SW find with appraisal drilling
Perenco has begun drilling an appraisal well in Gabon, close to its shallow water Hylia South West discovery from December 2022.
Gabon commits to Assala deal, Maurel calls it quits
Gabon Oil Co. (GOC) has sealed the acquisition of Assala Energy, with Maurel et Prom acknowledging defeat.
Deals in Africa: 10 things to watch in 2024
M&A remains an important means for oil and gas companies to access new reserves and opportunities, despite the challenges.
Maurel et Prom denied as a result of Gabon pre-emption
Nguema said the purchase of Assala was intended to increase the state’s share of revenues. The move, he said, would allow Gabon to “demonstrate its sovereignty in the oil sector, which is the heart of the economy”.
BW Energy board rejects offer as unfair, but notes pressure
“At the same time [it is] hoping that shareholders with a long-term perspective will continue to support the company through joint ownership in the future”.
Gabon’s oil union threatens December strikes
“If nothing is done … ONEP will use all legal means, including a strike”, officials said.
Tullow cuts production hopes, boosts bond buybacks
“The wider refinancing continues, and while the overall cost of the debt has increased, the maturity of the debt has been extended, which takes pressure off the balance sheet in the near term,” Kelty said.
BW Energy scores Gabon find, plans production in 2024
“We look forward to rapidly bringing these high-value barrels into production. The result also confirms the significant potential of the Dussafu licence where we have multiple additional future prospects.”
Perenco adds fast-track production off Gabon
The company completed the well in the summer. The HYSM-01 well is now producing 3,000 bpd of oil.
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.
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.