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What happens to the African Energy Industry if Western Lenders cut off Loans for Fossil Fuel Projects?

By NJ Ayuk A little more than a year ago, in November 2019, the European Investment Bank (EIB) declared its intention to phase out funding for fossil fuels. Specifically, it said … Read More

SENEGAL: MODEC awarded Operations and Maintenance Contract for Sangomar Field Development FPSO

MODEC has announced that it has signed a contract with Woodside Energy for the operations and maintenance of a Floating Production Storage and Offloading (FPSO) vessel for the Sangomar (formerly SNE) … Read More

SENEGAL: Total Awards Shearwater GeoServices Senegal 3D Acquisition & Processing Contract

Shearwater GeoServices Holding AS has announced the award for a large towed streamer 3D acquisition and Fast Track processing project by Total E&P Senegal. The exploration survey covers 5,000 sq. … Read More

FAR Provides Quarterly Operations Update

RSSD (Rufisque, Sangomar and Sangomar Deep) Senegal The Rufisque, Sangomar and Sangomar Deep (‘RSSD’) Joint Venture continued to progress construction activities for the Sangomar Field Development. The construction of the … Read More

FAR Limited Provides Half Yearly Report

The Group reported a loss for the half year ended 30 June 2020 of $21,238,324 (30 June 2019 – $7,553,696 loss). The increased loss of $13,684,628 during the current half … Read More

North American Kariya Energy Set to Acquire Oil and Gas Assets in Africa

Kariya Energy announced today that it will enter into various definitive agreement to acquire upstream and midstream oil and gas assets in African countries. Kariya Energy’s technical and financial strength … Read More

SENEGAL: Woodside Energy Enters Agreement to Acquire Cairn’s Stake in the Rufisque Offshore

Woodside Energy  reports it has entered into a binding sale and purchase agreement to acquire Capricorn Senegal Limited’s entire participating interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep … Read More

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