Africa's Oil, Gas and Energy News.
2024 FULL YEAR RESULTS 2025 OUTLOOK and GUIDANCE Richard Miller, Interim Chief Executive Officer and Chief Financial Officer, Tullow Oil plc, commented: “In 2024 we had a number of succeses … Read More
Eni and Vitol have agreed that Vitol will acquire interests in certain assets owned by Eni in Cote d’Ivoire and the Republic of Congo for an aggregate consideration of USD1.65 billion at 1 January … Read More
By NJ Ayuk, Executive Chairman, African Energy Chamber There’s a promising future for African renewables as the continent strives to balance its current reliance on fossil fuels. That’s the prediction … Read More
2025 Outlook – Cost efficiency and production optimisation driving continued cash generation Operational Governance Financial 2024 Performance – Continued strong progress against business objectives Operational Financial Reserves and resources
Tullow notes that the International Chamber of Commerce (ICC) today delivered the Tribunal’s award with regard to the application of Branch Profit Remittance tax (BPRT) to its operations under the … Read More
Northern Ocean has announced that it has signed a strategic alliance agreement in Ghana and a contract with the Springfield Group of Companies for the use of the Deepsea Bollsta … Read More
At the U.S.-Africa Nuclear Energy Summit in Nairobi, Under Secretary of State for Arms Control and International Security Bonnie Jenkins, joined by U.S. Department of Energy Deputy Assistant Secretary Aleshia … Read More
Operational performance In 2023, full year working interest production averaged 62.7 kboepd, including 6.9 kboepd of gas. Group working interest production is expected to increase year-on-year and our guidance range … Read More
Operational Financial
Jubilee Gross oil production from the Jubilee field averaged 72.4 kbopd (net: 28.2 kbopd) in the first half of the year. This was slightly below expectations largely due to reduced … Read More
