Egypt has paid $2.1 billion of its debt to its foreign operators, leaving $3.1 billion still owed, Oil Minister Sherif Ismail said in a statement. The government has made payments totaling $5 billion since December 2013. Arrears to foreign energy companies have hampered investment in the sector and caused a severe crunch to the country’s […]

Drilling of the Tembo-1 well on Mozambique’s Onshore Rovuma Concession has resulted in a natural gas discovery for Anadarko Petroleum (operator) and Wentworth Resources. The discovery was made in Cretaceous-aged sands. The Tembo-1 was drilled to a total depth of 4,553 meters and reached TD in Jurassic-aged sediments. Petrophysical analysis of the Cretaceous section indicates […]

Victoria Oil & Gas’ (VOG) wholly owned subsidiary, Gaz du Cameroun (GDC), signed a legally binding term sheet with ENEO Cameroon S.A., Cameroon’s integrated utility company, to supply gas to two power stations in Douala. The company also signed a legally binding term sheet with ENEO and Altaaqa Alternative Solutions Projects DWC-LLC. Altaaqa will provide […]