Latest news with #PanoroEnergy
Zawya
22-07-2025
- Business
- Zawya
Independent Operators Join Angola Oil & Gas (AOG) 2025 to Discuss Frontier Drilling, Onshore Prospects
Angola witnessed a surge in Merger&Acquisitions in recent months, as independent oil and gas companies strengthened their presence across the market. As the country prepares to launch its next licensing round in 2025 and continues promoting acreage available through its permanent offer scheme, this positive momentum is expected to continue. Leading independent oil and gas companies have joined the Angola Oil&Gas (AOG) conference to discuss investment strategies and upcoming projects. John Hamilton, CEO of Panoro Energy, is speaking at AOG 2025 – taking place September 3-4. The company has seen significant success in regional offshore markets, reporting steady production growth in Gabon, Equatorial Guinea and Tunisia this year. In 2025, Panoro Energy also made an offshore oil discovery at the Dussafu block in Gabon. The well contains up to 25 million barrels of recoverable resources and is set to support future production growth at the site. While the company does not have a presence in Angola as of yet, the country offers a wealth of block and partnership opportunities for Panoro Energy, particularly in offshore acreage where the company has extensive expertise. Onshore, companies such as ReconAfrica are making a play for frontier discoveries. The company signed an agreement with Angola's upstream regulator – the National Oil, Gas&Biofuels Agency – in April 2025 to explore 5.2 million acres in the Etosha-Okavango basin. Signaling ReconAfrica's entrance into Angola, the deal lays the foundation for a series of exploration activities over the next 24 months. ReconAfrica is also exploring in Namibia, where it has a license covering 6.3 million acres. During AOG 2025, Brian Reinsborough, CEO of ReconAfrica, is expected to shed light into the company's ongoing exploration activities. Robert Bose, CEO of, Sintana Energy, and Scott Gilbert, CEO of Corcel, are also expected to share insight into onshore exploration in Angola. With a majority interest in Block KON 16 - situated in the onshore Kwanza basin in Angola – Corcel has been working to advance exploration at the block. The company signed two agreements to this affect in 2025, increasing its share in KON 16 to 71.5%. The first agreement was signed with Intank Global DMCC for a 30% stake in the block. The second deal was signed with Sintana Energy in May 2025 for a 5% indirect interest. The transaction seeks to boost exploration activities at the block by mobilizing additional capital for exploration activities planned in 2026. The companies also signed an agreement to evaluate and pursue other exploration and production opportunities in Angola. The partners committed to collaborating on the identification and review of new opportunities. Meanwhile, George Toriola, Chief Strategy Officer at FIRST E&P, is also speaking at AOG 2025. While the company is not yet active in Angola, FIRST E&P has proven industry experience through its strong portfolio of producing assets in Nigeria. The company is exploring regional growth opportunities, seeking to leverage its experience in Nigeria's onshore and shallow water blocks to unlock additional production opportunities across sub-Saharan Africa. For Angola, which offers a wealth of onshore and shallow water opportunities, this experience stands to support the country's production goals while creating new opportunities for regional collaboration and trade. Distributed by APO Group on behalf of Energy Capital&Power.
Yahoo
03-07-2025
- Business
- Yahoo
Helium One Global Ltd Announces Appointment of New Non-Executive Director
LONDON, UNITED KINGDOM / / July 3, 2025 / Helium One Global (AIM:HE1), the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA is pleased to announce the appointment of Nishant Dighe as a non-Executive Director of the Company, subject to the completion of due diligence required by the AIM Rules for Companies and AIM Rules for Nominated Advisers (the "AIM Rules") to be undertaken by the Company's Nominated Adviser. A further announcement, including the requisite Schedule 2(g) disclosures required under the AIM Rules for Companies, will be made in due course. Nishant has an extensive background in engineering and business, holding a Masters in both Chemical Engineering and Petroleum Engineering from Imperial College London, as well as an MBA from Warwick Business School. He has over thirty years of experience across a broad range of organisations, including roles at ExxonMobil, strategic consultancy with Marakon Associates, and as COO and interim CEO of Oslo-listed Panoro Energy. Most recently he served as CEO of RAK Gas, the National Oil and Gas Company of Ras Al Khaimah, UAE, and as CEO of the RAK Petroleum Authority. James Smith, Chairman of Helium One, commented: "I would like to welcome Nish to our Board of Directors. He brings a very considerable wealth of experience and knowledge to our Company, and I have no doubt that he will make a valuable contribution to our development and progress across all our current and future assets." Nish Dighe commented: "I am delighted to be joining the Board at such an exciting time in the Company's journey. I look forward to working with the other Directors and the Management Team to support the Company's strategic ambitions and contribute to its continued growth and success." For further information please visit the Company's website: Contact Helium One Global Ltd Lorna Blaisse, CEO Graham Jacobs, Finance and Commercial Director +44 20 7920 3150 Panmure LiberumLimited (Nominated Adviser and Joint Broker) Scott Mathieson Nikhil Varghese +44 20 3100 2000 Zeus Capital Limited (Joint Broker) Simon Johnson Louisa Waddell +44 20 3829 5000 Tavistock(Financial PR) Nick Elwes Tara Vivian-Neal +44 20 7920 3150 Notes to Editors Helium One Global, the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA. The Company holds helium licenses within two distinct helium project areas, across two continents. With an expanding global footprint, the company has the potential to become a strategic player in resolving a supply-constrained helium market. The Company's flagship southern Rukwa Project is located within the southern Rukwa Rift Basin in south-west Tanzania. This project entering a full appraisal and development stage following the success of the 2023/24 exploration drilling campaign, which proved a helium discovery at Itumbula West-1 and, following an extended well test ("EWT"), successfully flowed 5.5% helium continually to surface in Q3 2024. Following the success of the EWT, the Company filed a Mining Licence ("ML") application with the Tanzania Mining Commission in September 2024. The 480km2 ML has now been offered to the Company and was officially accepted in March 2025. The Company also owns a 50% working interest in the Galactica-Pegasus helium development project in Las Animas County, Colorado, USA. This project is operated by Blue Star Helium Ltd (ASX: BNL) and has successfully completed a six well development drilling campaign in H1 2025. The completion of the development programme is a key component of the broader Galactica-Pegasus development strategy; aimed at progressing the helium and CO2 discoveries to near-term commercial production. This programme has seen a systematic approach to developing the extensive Lyons Formation reservoir. The programme has delivered encouraging results, in line with expectations, consistently encountering good helium (up to 3.3% He) and CO2 concentrations in the target formation and demonstrating promising flow potential. The next steps will see the Galactica wells tied into initial production in Q4 2025. Helium One is listed on the AIM market of the London Stock Exchange with the ticker of HE1 and on the OTCQB in the United States with the ticker HLOGF. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@ or visit SOURCE: Helium One Global Ltd View the original press release on ACCESS Newswire Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Zawya
27-05-2025
- Business
- Zawya
Panoro Energy Chief Executive Officer (CEO) to Outline Infrastructure-Led Exploration at African Energy Week (AEW) 2025
John Hamilton, CEO of independent exploration and production company Panoro Energy, has joined the African Energy Week (AEW): Invest in African Energies 2025 conference - taking place September 29 to October 3 in Cape Town - to discuss strategies for advancing exploration in Africa. With stakes in various strategic blocks in Gabon, Equatorial Guinea, South Africa and Tunisia, the company is well-positioned to share insights into West and Central Africa's upstream landscape. Panoro Energy kicked off 2025 with an oil discovery at the Bourdon prospect on the Dussafu block, situated offshore Gabon. The well encountered approximately 34 m of net oil play in a 45 m oil column in the Gamba reservoir, with an appraisal well side-track confirming an additional 11 m of net oil play. Representing the largest hydrocarbon column found to date at Dussafu, the discovery supports estimates of around 56 million barrels of oil in place. Of this, 25 million barrels are considered recoverable. At AEW: Invest in African Energies 2025, Hamilton is expected to share insight into this discovery and its impact on the broader oil and gas landscape in Gabon. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. Beyond Gabon, Panoro Energy has stakes in the Ceiba field and Okume Complex, situated in Equatorial Guinea's Block G. In 2024, Block G operator Trident Energy – alongside its partners Panoro Energy, Kosmos Energy and GEPetrol – brought online the C-45 infill well at the Ceiba field. The well came online in October and was the first of two infill wells drilled a the Ceiba field and Okume Complex. The second well, OF-19, was drilled during the same period. The drilling program aligns with efforts by the block partners to unlock greater value from Equatorial Guinea's mid-life assets. Meanwhile, Panoro Energy is also striving to develop Africa's natural gas reserves. The company was awarded a 100% interest in Technical Cooperation Permit (TCP) 218 in South Africa, situated in the onshore northern Free State province. TCP 218 lies in the prospective Northern Karoo Basin, which boasts a proven natural gas and helium system. The asset is also situated in close proximity to the producing Virginia gas field. In 2024, Panoro Energy applied to secure an exploration right for helium and natural gas in the Karoo Basin. The application involves a three-year exploration work program and builds on preliminary studies conducted as part of the technical cooperation permit granted in 2022. The Karoo Basin boasts some of the world's highest concentrations of helium ever recorded, and with a proven gas system, holds significant potential for gas discoveries. During AEW: Invest in African Energies 2025, Hamilton is expected to provide an update on ongoing exploration and production campaigns across the continent. Through his participation in panel discussions, Hamilton is set to share insight into various key topics, including the role independent exploration and production companies play in Africa; strategies for unlocking frontier basins such as Karoo; and the value of partnerships in monetizing the continent's oil and gas resources. 'With interests in various strategic blocks in West and Central Africa, Panoro Energy is targeting greater production through infrastructure-led exploration. Working closely with national oil companies and international operators, the company continues to unlock significant value from offshore oil and gas assets. The company is a strong example of the role independent exploration and production firms play in Africa,' states Tomás Gerbasio, VP Commercial and Strategic Engagement, African Energy Chamber. Distributed by APO Group on behalf of African Energy Chamber.
Zawya
23-05-2025
- Business
- Zawya
GEPetrol Chief Executive Officer (CEO) Joins African Energy Week (AEW) 2025 as Equatorial Guinea Accelerates Upstream Revival
Bienvenido Nguema Envo, CEO of Equatorial Guinea's national oil company GEPetrol, has been confirmed as a speaker at African Energy Week (AEW): Invest in African Energies 2025, taking place from September 29 to October 3 in Cape Town. His participation comes at a pivotal moment for Equatorial Guinea as the country undertakes bold steps to revitalize its oil and gas industry, attract new investment and strengthen energy security across West Africa. Under Nguema Envo's leadership, GEPetrol is executing a robust development strategy that includes new production sharing contracts (PSCs), the relaunch of exploration and drilling activities, and a transformative field redevelopment program. His participation at AEW: Invest in African Energies 2025 is expected to spotlight these initiatives, while sharing insight into the role GEPetrol is playing in shaping the next phase of growth for Equatorial Guinea's energy sector. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. Among the highlights of GEPetrol's recent activities is the company's strategic partnership with independent exploration and production company Panoro Energy for Block EG-23, a highly prospective offshore asset north of Bioko Island. Under the PSC, Panoro Energy now holds an 80% participating interest and operatorship of Block EG-23, while GEPetrol holds the remaining 20%. With estimated resources of 104 billion barrels of oil and condensate and 215 billion cubic feet of gas, the block has already yielded multiple discoveries and is a focal point of renewed exploration. The collaboration aligns with Equatorial Guinea's infrastructure-led approach to boosting upstream development. In addition, GEPetrol and energy major Chevron signed PSCs last year for Blocks EG-06 and EG-11, both located near the prolific Zafiro field. These deepwater blocks are viewed as central to reversing national production declines and unlocking new discoveries. The agreements come as part of Equatorial Guinea's broader effort to incentivize exploration in underdeveloped acreage and fast-track resource monetization. GEPetrol recently assumed operatorship of the Zafiro field – Equatorial Guinea's largest oil asset – following energy major ExxonMobil's exit. A multi-phase redevelopment plan is underway, with the company targeting increased production and operational optimization. A recent $350 million technical services contract awarded to international service provider Petrofac represents a key milestone in the redevelopment of the field as well as GEPetrol's transformation into a globally competitive upstream operator. 'Bienvenido Nguema Envo's participation at AEW: Invest in African Energies 2025 reinforces the strategic repositioning of GEPetrol as a driving force in Equatorial Guinea's energy resurgence. As the country advances major offshore projects, redevelops legacy fields and positions itself as a regional gas hub, Nguema Envo's leadership and vision are key to unlocking investment and production growth,' states NJ Ayuk, Executive Chairman of the African Energy Chamber. With 1.1 billion barrels of proven crude oil reserves and 1.7 trillion cubic feet of natural gas, Equatorial Guinea's energy potential remains significant. Nguema Envo's engagement at AEW: Invest in African Energies 2025 will provide a high-level view of GEPetrol's future-forward strategy, ongoing partnerships and the country's broader energy transformation. Distributed by APO Group on behalf of African Energy Chamber.
Zawya
17-03-2025
- Business
- Zawya
Equatorial Guinea Relaunches Open-Door Licensing Process in Houston, Texas, Paving the Way for Major 2025/2026 Licensing Round
Equatorial Guinea has officially relaunched its open-door licensing process for 2025, setting the stage for a major licensing round at the end of 2025 or early 2026. This move marks a strategic shift toward prioritizing licensing and exploration, with a strong focus on regulatory competitiveness, tax incentives and data transparency. These developments will take center stage at African Energy Week (AEW) 2025: Invest in African Energies, taking place in Cape Town on September 29-October 3, where the 'Invest in African Energies: Equatorial Guinea' session will provide a platform for global investors to engage with the country's evolving energy strategy. Equatorial Guinea's Minister of Mines and Hydrocarbons, Antonio Oburu Ondo, outlined the country's comprehensive exploration strategy at CERAWeek in Houston last week, aimed at boosting hydrocarbon production, attracting investment, addressing declining output and enhancing competitiveness. Fiscal reforms include reducing corporate tax from 35% to 25%, dividends tax from 25% to 10%, and withholding tax from 6.25% to 3% for residents (or from 15% to 10% for non-residents). The country's open-door policy enables international oil and gas companies to apply for licenses through a streamlined process involving direct negotiation with the state. The government's aggressive promotion policy has already yielded results, with seven new production-sharing contracts awarded in record time. These include blocks EG-31 and EG-18 to Africa Oil Corp, blocks EG-11 and EG-06 to Chevron, blocks EG-23 and EG-01 to Panoro Energy and Block EG-08 to Antler Global. The next licensing round will be underpinned by a new competitive tax law, a strengthened hydrocarbons law and the launch of a multi-client 3D seismic acquisition initiative – all aimed at boosting investor confidence and accelerating exploration. The new multi-client 3D seismic acquisition and reprocessing of legacy data is set to launch by year-end, ensuring that investors have access to high-quality geological insights. This initiative will be highlighted at AEW 2025, where industry leaders will explore how enhanced data-sharing and transparency can drive exploration success across Africa. These efforts directly support an intensified focus on drilling, with all the country's operators having either executed in-field or exploration drilling campaigns in 2024 or planning to do so between 2025 and 2027, according to Minister Oburu Ondo. Equatorial Guinea's Gas Mega Hub initiative remains a key pillar of its energy strategy, with ongoing collaborations with Cameroon on the Yoyo-Yolanda fields and Nigeria on the Gulf of Guinea Pipeline Project to monetize and process gas at the onshore Punta Europa facilities. The country is advancing multi-phase initiatives including the Alen Gas Monetization Project (580 BCF), Alba Tail Gas Monetization Project (825 BCF) and Aseng Gas Monetization Project (~1 TCF) to strengthen its position as a regional gas powerhouse. The government is also making strides in climate initiatives, working to reposition Equatorial Guinea as a leader in gas and transitional energy while establishing carbon credit ventures through international collaborations. As Africa works to attract investment to transform its energy sector, Equatorial Guinea's strategic reforms provide a model for other nations, demonstrating how regulatory competitiveness, investor-friendly policies and a robust licensing framework can drive long-term success. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. Distributed by APO Group on behalf of African Energy Chamber.
