Gabon

VAALCO focuses on Baobab field in Ivory Coast, despite limited production

VAALCO Energy continues to operate the Baobab field by renovating its floating platform, despite modest production. This strategy aims to maintain stable profitability at low cost.

Gabon reactivates deep offshore blocks to stem oil decline

Libreville is intensifying the promotion of deep-water blocks, still seventy-two % unexplored, to offset the two hundred thousand barrels-per-day production drop recorded last year, according to GlobalData.

SBM Offshore sells its stake in FPSO Aseng to GEPetrol

SBM Offshore has signed a divestment agreement with GEPetrol to fully withdraw from the FPSO Aseng project in Equatorial Guinea, with an operational transition phase of up to one year.
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Meren Energy seeks partners for offshore blocks in Equatorial Guinea

Meren Energy has launched a partial divestment process for its EG-18 and EG-31 assets to attract new partners and reduce its exposure in Equatorial Guinea.

BW Offshore transfers operation of FPSO BW Adolo to its Gabonese subsidiary

BW Offshore has handed over the operations of the FPSO BW Adolo to BW Energy Gabon while retaining ownership and the vessel lease under previously agreed terms.

The ICJ arbitrates oil dispute between Gabon and Equatorial Guinea

The International Court of Justice ruled on the validity of treaties between Gabon and Equatorial Guinea over three strategic offshore islets potentially rich in oil.
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Africa Oil doubles production with Prime and issues $25mn dividend

Africa Oil completed the integration of Prime, doubling its production and reserves, while declaring a second quarterly dividend of $25mn supported by strong cash generation.

Gabon launches $69.5 million plan to triple refining capacity

SOGARA is launching a two-phase modernisation programme to increase the country's energy autonomy by 2030, with financing primarily from external sources.

New oil discovery in Gabon: BW Energy confirms potential of 56 million barrels

The DBM-1 ST2 appraisal well confirms a significant oil discovery offshore Gabon. The Bourdon project could add up to 25 million recoverable barrels to BW Energy's reserves, further strengthening the Dussafu licence development.
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Equatorial Guinea raises fuel prices by up to 35% to ease budgetary pressure

The Equatoguinean government has announced an immediate increase in fuel prices, citing outdated tariffs and budget constraints driven by a prolonged decline in oil exports.

BW Energy discovers a large offshore oil field in Gabon

BW Energy has announced the discovery of an oil field in the Bourdon prospect, located in the offshore Dussafu license in Gabon. This new resource could strengthen the company's production and stimulate investment in the country's oil sector.

Vaalco Energy secures $300 million revolving credit facility

Vaalco Energy, Inc. has announced the signing of a new $300 million revolving credit facility with The Standard Bank of South Africa Limited, aimed at supporting its growth projects and investments across its African assets.
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VAALCO strengthens its presence in Africa with the acquisition of the CI-705 block in Côte d’Ivoire and increased production in Gabon

VAALCO continues its expansion in West Africa with the acquisition of a 70% stake in the offshore CI-705 block in Côte d'Ivoire and an ambitious plan to double its crude production in Gabon by 2026.

Gabon and Equatorial Guinea launch their electricity interconnection

On 22 February, Gabon launched the first phase of its electricity interconnection project with Equatorial Guinea, aiming to import 10 MW of electricity for several Gabonese localities.

Equatorial Guinea supplies 3 MW of electricity to Gabon to strengthen the northern grid

Gabon and Equatorial Guinea have interconnected their power grids, allowing the immediate import of 3 megawatts to supply northern Gabon, which has been facing persistent shortages.
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Equatorial Guinea: A New Oil and Gas Licensing Round to Revive the Sector

Facing a decline in oil production, Equatorial Guinea is preparing to launch a new cycle of oil and gas license allocations. This initiative aims to attract investors to boost exploration and stabilize the hydrocarbon industry in a challenging economic context.

VAALCO Energy secures a platform for its 2025/2026 drilling campaign in Gabon

VAALCO Energy announces a contract with Borr Drilling to carry out multiple offshore drilling and maintenance operations in Gabon starting mid-2025. This initiative aims to boost production and reserves as part of its organic growth strategy.

OPEC+ Virtual Meetings: Strengthened Control for Riyadh

OPEC+ adopts online meetings, centralizing the decision-making process. This transition raises questions about transparency and tensions among producers facing increasing pressure in the oil market.
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The United Kingdom Intensifies Sanctions Against the Russian “Ghost Fleet”

London has announced sanctions on 30 additional ships of the Russian "ghost fleet," used to bypass oil restrictions, striking a blow to exports that finance the war in Ukraine.

Legal Battle for Mbanie Island: Gabon and Equatorial Guinea Clash over Oil Wealth

As oil reserves dwindle, Gabon and Equatorial Guinea vie for control over Mbanie Island, a strategic economic asset. A ruling from the International Court of Justice is expected in 2025.