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Energy Capital & Power

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    • Panoro Energy to Champion Investment in Gabon’s Sector at Invest in African Energy (IAE) 2024
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Source: Energy Capital & Power |

Panoro Energy to Champion Investment in Gabon’s Sector at Invest in African Energy (IAE) 2024

The independent E&P company is leading infrastructure-led exploration, having fast-tracked the DHBSM-1H well at the Hibiscus South field into production just five months after discovery

Panoro Energy Senior Advisor Tim O’Hanlon will engage in an exclusive fireside chat at next month's Invest in African Energy (IAE) 2024 forum, focusing on unlocking opportunities within Gabon’s energy sector. Panoro Energy is leading infrastructure-led exploration and appraisal offshore Gabon, leveraging existing infrastructure to fast-track development of low-cost barrels.…

African Energy Chamber
Source: African Energy Chamber |

The Way of an African Legend: A Tribute to Benoît de la Fouchardière of Perenco (By NJ Ayuk)

As the managing director of Perenco, he has driven the company’s successful expansion into new territory and has kept it on course to become one of the biggest investors and taxpayers in Central Africa

By NJ Ayuk, Executive Chairman, African Energy Chamber (www.EnergyChamber.org). On Feb. 6, 2024, the Anglo-French oil and gas company Perenco announced that it had appointed a new CEO to replace the incumbent Benoît de la Fouchardière, who has served in this capacity for the last eight years. In a press…

African Energy Chamber

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    • Vaalco Energy to Champion African Production Expansion as Platinum Sponsor at African Energy Week (AEW)
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Source: African Energy Chamber |

Vaalco Energy to Champion African Production Expansion as Platinum Sponsor at African Energy Week (AEW)

The event will take place November 4-8 in Cape Town under the theme, Energy Growth through an Enabling Environment

Independent energy company Vaalco Energy has joined the African Energy Week (AEW): Invest in African Energy conference as a platinum sponsor, showcasing the company’s vision for driving exploration and production in Africa. With plans to double crude oil production to over 50,000 barrels per day by 2027, Vaalco Energy has…

African Energy Chamber
Source: African Energy Chamber |

Perenco and Gabon Mourns Loss of Workers in Offshore Gabon Fire; African Energy Chamber (AEC) Extends Condolences and Support

The African Energy Chamber extends its deepest sympathies to Perenco and the families and loved ones who lost their lives due a to fire which broke out at the firm’s offshore project in Gabon

Africa-focused independent oil and gas company Perenco has announced the death of five of its workers following fire broking at its Becuna platform in the Simba oil and gas field offshore Gabon. One Perenco worker is still missing and the firm has deployed an emergency team conducting an ongoing search…

Energy Capital & Power
Source: Energy Capital & Power |

Gabon Petroleum Minister and Organization of Petroleum Exporting Countries (OPEC) President to Present Opportunities to Investors at Invest in African Energy (IAE) Forum

Minister of Petroleum Marcel Abéké will lead an “Invest in Gabon” spotlight session at the Invest in African Energy forum in Paris this May, accompanied by a Gabonese delegation

Gabon’s Minister of Petroleum and OPEC 2024 President Marcel Abéké has been confirmed to speak at the Invest in African Energy (IAE) forum (https://apo-opa.co/499lHEp) in Paris this May, accompanied by a Gabonese delegation. A dedicated country spotlight – “Invest in Gabon” – will take place during the forum, outlining key investment opportunities within…

U.S. Embassy in Gabon
Source: U.S. Embassy in Gabon |

Gabon: Ambassador meets with Minister of Health

DHAPP has worked closely with the DGSSM on a daily basis for over the past ten years to assist Gabon’s military health initiatives

On Friday, February 22, Ambassador FitzPatrick met with the Minister of Health to discuss the opportunities in the public health sector that the USA is funding and assisting with here in Gabon. Extremely prominent among these efforts has been the donation through the US Department of Defense HIV/AIDS Prevention Program…

Energy Capital & Power
Source: Energy Capital & Power |

Gabon: International Oil Companies (IOCs) Ramp Up Drilling, Unlocking Future Production

The Invest in African Energy forum in Paris will showcase near-field exploration activities led by Perenco, BW Energy, TotalEnergies and VAALCO Energy, while CNOOC prioritizes Gabon’s deep offshore

Targeting a production upward of 220,000 barrels per day (bpd), Gabon is reinventing its oil and gas industry as operators launch new drilling and appraisal activities, apply the latest enhanced oil recovery techniques and invest in the establishment of a domestic gas network. At Invest in African Energy 2024 in…

African Energy Chamber

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    • Towards a More Competitive Oil Market: Gabon Oil Company (GOC) Acquires Assala Assets in Gabon (1)
    • Towards a More Competitive Oil Market: Gabon Oil Company (GOC) Acquires Assala Assets in Gabon (2)
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Source: African Energy Chamber |

Towards a More Competitive Oil Market: Gabon Oil Company (GOC) Acquires Assala Assets in Gabon

The acquisition reflects Gabon’s broader oil and gas sector revitalization strategy, which will be explored at the upcoming Invest in African Energy (IAE) forum in Paris this May

The share purchase agreement – signed February 15 – supports Gabon’s efforts to boost oil production and attract further investment to its upstream sector.  Under efforts to enhance Gabon’s position as a competitive oil and gas market, Gabon Oil Company (GOC) has acquired the Gabonese assets of US private equity…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff completes 2024 Article IV mission to Gabon

An International Monetary Fund (IMF) team, led by Ms. Aliona Cebotari, visited Gabon on January 23-February 6, 2024, to meet with the authorities and private sector representatives for the 2024 Article IV consultation

The 2024 Article IV consultation focused on the near-term challenges facing Gabon: strengthening transparency and governance, revitalizing economic growth and stabilizing the budgetary position; The economy has recovered from multiple shocks emanating from the global and domestic economy, with growth expected to settle around 3 percent in 2024-25 and inflation to…

U.S. Embassy in Gabon
Source: U.S. Embassy in Gabon |

The Consular Section hosted a roundtable with heads of protocol from Government of Gabon ministries

Discussion centered around streamlined visa procedures for official and diplomatic travel to the Unted States

The Consular Section hosted a roundtable with heads of protocol from Government of Gabon ministries. Discussion centered around streamlined visa procedures for official and diplomatic travel to the Unted States. These new processes will lead to greater mutual understanding between the United States and Gabon giving host government officials greater…