West Africa
News
January 17, 2020
Oil production in Angola has slumped by a third in the past decade to less than 1.4 million barrels a day, reflecting years of underinvestment in new projects.
News
January 15, 2020
The pretax sum of impairments and exploration write-offs reflects a lower oil-price forecast and a cut in reserves at a field in Ghana.
News
January 14, 2020
The well in Angola’s Block 48 will be drilled at a new world record water depth of 3,628 m. The current world record is 3,400 m, set by Maersk Voyager’s sister drillship Maersk Venturer when it drilled the Raya-1 well for Total offshore Uruguay in 2016.
News
January 14, 2020
PETROSEN has partnered with TGS, GeoPartners and PGS to provide over 14,000 km of 2D data, over 10,000 km² of 3D data and over 50,000 km² of Multibeam data with associated shallow cores and geochemistry, to interested parties.
News
January 07, 2020
The Liberia Petroleum Regulatory Authority has announced the launch of its next offshore licensing round in the Harper basin, one of the last unexplored and undrilled regions offshore West Africa.
News
December 16, 2019
An oil tanker was attacked on Sunday in West Africa’s Gulf of Guinea and most of its crew were kidnapped, the latest in a string of incidents highlighting the security risks to shipping in the region.
News
December 09, 2019
Tullow Oil’s CEO and exploration director quit after the company cut its production outlook and suspended the dividend. The shares tumbled, deepening their loss for the year to more than 60%.
News
December 05, 2019
Royal Dutch Shell won a UK ruling preventing London courts from enforcing a $516 million Nigerian judgment for damages caused by an oil spill half a century ago.
News
November 26, 2019
Springfield E&P announced the completion of its maiden deepwater drilling campaign on the West Cape Three Points Block 2, offshore Ghana.
News
November 19, 2019
Enpro Subsea has recently completed another two successful subsea hydraulic intervention campaigns for two operators in West Africa.
News
November 06, 2019
Ivory Coast wants more explorers for oil and gas as it seeks to boost economic growth, according to Energy Minister Abdourahmane Cisse.
News
October 21, 2019
Over the past 12 years, Nigeria tried and failed four times to crank up its aging and unprofitable crude-processing plants.
News
October 17, 2019
Nigeria does not expect that it would get all of the $62 billion claim made against international oil companies in a dispute over sharing of profits from deepwater wells.
News
October 15, 2019
The deal highlights how the retreat of some oil majors in recent years is allowing independent players to grow.
News
October 14, 2019
Nigeria began preliminary talks with international oil companies to settle a dispute over revenue. The government, citing a 2018 Supreme Court ruling, says it’s entitled to $62 billion from the companies after they failed to comply with a 1993 law that hands the state a greater share of income when oil exceeds $20/bbl.
News
October 11, 2019
A delegation of 20 companies from Cameroon visited LAGCOE this week, seeking industry expertise and investment dollars to meet the West African nation’s growing energy challenges.
News
October 10, 2019
Nigeria is seeking to recover as much as $62 billion from international oil companies, using a 2018 Supreme Court ruling the state says enables it to increase its share of income from production-sharing contracts.
News
October 04, 2019
“Everybody agrees in OPEC that we need to stabilize the market. We cannot allow prices just to plummet,” Nigerian Minister of State for Petroleum Resources Timipre Sylva said.
News
September 24, 2019
Through the use of Discovery, Tracerco’s Subsea CT scanner, each operator will obtain full tomographic images of pipe wall thickness and contents to gain an enhanced understanding of their pipeline condition and the process fluid.
News
September 19, 2019
TGS has has fired first shot to commence a new survey in the MSGBC Basin, offshore north-west Africa. The Senegal Ultra-Deep offshore 3D survey covers over 4500km2, with a modern broadband acquisition set-up.
News
September 17, 2019
The funds will go toward building the gas plant’s seventh train, expected to boost output by 40%.
