Financials and Investment News in Gabon

Signs Inaugural Reserve Based Lending Facility of up to USD 300 million
8/9/2022 - BW Energy is pleased to announce the signing of an up to USD 300 million international Reserve Based Lending (RBL) facility. The funds will initially be used to finance the further development of the ...
VAALCO Announces $50M Reserve Based Lending Facility Providing Additional Financial Flexibility
5/18/2022 - VAALCO Energy Inc. announced entry into a new credit agreement, effective May 16, 2022, for a new five-year Reserve Based Lending (“RBL”) facility with Glencore Energy UK Ltd. (“Glencore”) that includ...
Maurel & Prom Announces Completion of Debt Refinancing Process
5/12/2022 - - Debt refinanced on favourable terms
o Five-year bank loan for $255 million, including $67 million as a revolving credit facility
o Six-year shareholder loan with $182 million available <...
M&P Signs Comprehensive Agreement with the Gabonese Republic
11/5/2021 - Maurel & Prom (the “Group”, “M&P”) and the Gabonese Republic have entered into a multi-pronged comprehensive agreement with a view to strengthening their cooperation.

As part of this agree...
Panoro Completes $70M Oversubscribed Private Placement
2/10/2021 - Reference is made to the stock exchange release by Panoro Energy ASA on 9 February 2021 regarding a contemplated private placement (the “Private Placement”) of new shares in the Company with gross pro...
BW Energy Announces Contemplated Private Placement
1/20/2021 - BW Energy Limited has engaged DNB Markets, a part of DNB Bank ASA and Pareto Securities AS (the “Managers”), to assist the Company in a contemplated private placement (the “Private Placement”) of new ...
Panoro Energy Provides Corporate Update
3/10/2020 - Panoro Energy ASA provides a corporate update in the current low oil price environment: ...
Rig Contractor to Fund Drilling Costs for Multi-Well Program
1/19/2017 - Pura Vida Energy has entered into a conditional term sheet with a rig contractor to fund the costs of a three well, back to back drilling program on the Nkembe block, which will include an appraisal o...
Gabon Seeks Return to OPEC
4/15/2016 - The African nation of Gabon wants to rejoin OPEC after more than two decades, two OPEC sources said, becoming the second former member in a year to seek a return to the oil exporters' group just as it...
Africa's Squandered Commodity Boom Erodes US Trade Promise
8/25/2015 - A fresh U.S. trade pact could provide relief to African economies buffeted by the commodities slump but a failure to reform during the boom years has left many countries unable to profit from tariff-f...
Gabon Unions Declare General Strike over Minimum Wage
2/11/2015 - Trade unions in oil producer Gabon declared an indefinite general strike this week, with state workers seeking a huge pay rise just as the government prepares austerity measures. ...
Gabon Tells Total to Pay $805m in Taxes
2/21/2014 - Gabon's government has told French oil major Total's local subsidiary to pay $805 million in taxes it owes for 2008 to 2010, in a case watched closely by potential new investors in the West African co...
Africa Oil Supply - July 2012
Africa Oil Supply - July 2012 8/9/2012 - African oil production in 2013 is forecast to average 2.35 mb/d, an increase of 10 tb/d over 2012. Oil supply from Chad, Congo, Egypt, Gabon and South Africa is expected to remain steady in 2013, with...
Total Gabon Reports First-Quarter 2008 Results
5/14/2008 - Selling Price: The selling price of the Mandji and Rabi Light crude oil grades marketed by Total Gabon averaged $89.9 per barrel in the first quarter of 2008, up 68% from $53.6 a year earlier, in line...
Total Gabon Announces Financial Results for Fiscal Year 2007
3/14/2008 - The Board of Directors of Total Gabon, chaired by Jean Privey, met on March 14, 2008 and approved the final accounts for the year ending December 31, 2007. Net income in 2007 increased 2.5% to $334.4 ...
Total Gabon: Financial Results for First-Half 2007
8/31/2007 - Net income in the first half of 2007 was down 2.8% to $184.1 million compared to first half of 2006, whereas the average selling price of Gabonese crude oil decreased by 3.5%.

Sales:...
Total Gabon Announces Financial Results for Fiscal Year 2006
3/20/2007 - Total Gabon approved the final accounts for the year ended December 31, 2006. Net income in 2006 was $326.4 million, compared to $316.8 million in 2005.

The oil production of the fields ope...
Addax Petroleum To Acquire The Business Of Pan-Ocean Energy
7/20/2006 - Addax Petroleum Corporation has agreed to acquire two subsidiaries of Pan-Ocean Energy Corporation Limited for C$1.605 billion in cash and will assume net debt estimated to be C$30 million. The subsid...
VAALCO Energy Announces $30 million Revolving Credit Facility
6/14/2005 - VAALCO Energy's (Amex: EGY) subsidiary VAALCO Gabon (Etame), Inc. has signed loan documents for a new $30 million revolving credit facility from the International Finance Corporation (the "IFC"), the ...

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