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BW Offshore Takes Another African Exploration Stake

Panoro Energy’s fully-owned subsidiary, Pan-Petroleum Gabon (PPGBV), has entered into a definitive Sale and Purchase Agreement (SPA) with BW Energy Gabon (BWEG), a subsidiary of BW Offshore. Under the terms of the SPA, Panoro will sell a 25% working interest in the Dussafu PSC in Gabon to BWEG for a cash consideration of $12 million. […]

February 23, 2017 Read More

TransGlobe Puts Red Bed Well on Production

TransGlobe Energy has placed its NWG-38 Red Bed formation discovery on production. The well is located on Egypt’s North West Gharib (NWG) Concession. TransGlobe’s stake in the NWG Concession is 100% interest. The well was placed on production at an initial rate of around 750 bpd. NWG-38 is located on a separate Red Bed structure […]

February 23, 2017 Read More

Chevron in Tax Talks with Sonangol

Reports have high level talks going on between Chevron, Angola’s state run oil firm Sonangol, and the government of Angola. The talks revolve around the government and Sonangol revising the tax terms. According to reports, any future industry investment in Angola will hinge on these talks.

February 23, 2017 Read More