West Africa
News
July 11, 2017
A proposal that Libya and Nigeria could have to accept limits on their crude production probably wouldn’t be enough to put OPEC’s faltering efforts to eliminate a global supply glut back on track.
Article
July 2017
While much of West Africa suffers from economic hardship, political turmoil and corruption, other regions are thriving. Despite the risk to E&P activity in these precarious areas of operation, producers cannot ignore its abundant resources and its affluent potential to be an international hydrocarbon hotbed.
News
July 05, 2017
Shares in Oslo-listed African Petroleum plunged over 40% on Wednesday, a day after falling 50%, as Gambian Oil Minister Fafa Sanyang confirmed that his country had ended talks to extend exploration rights for two offshore areas.
News
July 05, 2017
Nigeria's cabinet has approved a national gas policy that aims to reduce the country's dependence on crude oil by increasing gas exploration and facilities, the oil ministry said in a statement.
News
July 04, 2017
Nigeria's state oil company has saved $2 billion in the past year by renegotiating its upstream servicing contracts, it said in a statement on Tuesday, as it tries to reduce high overheads.
News
July 03, 2017
Saipem has been awarded a new E&C Offshore contract by Saudi Aramco for EPCI (Engineering, Procurement, Construction, Installation) activities and T&I (Trunklines & Installation) works in Saudi Arabia, under the Long-Term Agreement in force, renewed in 2015 until 2021.
News
June 30, 2017
Nigeria’s state-owned oil company said it signed a deal with Schlumberger to provide $700 million for the development of two oil fields in the country’s crude-rich south.
News
June 29, 2017
BP will book a $750-million charge for unsuccessful exploration campaigns in Angola, the company said on Thursday, a write-off that will weigh on its second-quarter results.
News
June 22, 2017
ION Geophysical Corporation has announced a new 2D multi-client program offshore Gabon, EquatorSPAN II, in cooperation with the Gabon Ministry of Petroleum and Hydrocarbons, Direction Général des Hydrocarbures of Gabon (DGH).
News
June 09, 2017
Oil headed for a third weekly drop as rising supplies from the U.S. and Nigeria showed that OPEC is still struggling to clear a global oil surplus.
News
June 08, 2017
Bissau Exploration Company (BEC) has announced the signing a joint venture participation agreement between themselves and A Empresa Nacional de Pesquisa e Exploracao Petroliferas (Petroguin) for petroleum exploration, development and production in Block 4B, offshore Guinea Bissau.
News
June 07, 2017
Equatorial Guinea, OPEC’s newest member, called on fellow African producers to band together to protect the value of their oil resources and join the group.
News
June 07, 2017
Shell lifted restrictions on exports of a key Nigerian crude oil, 472 days after imposing them following militant attacks. The extra flows alone amount to about 20% of the supply OPEC has pledged to cut from world markets.
News
June 05, 2017
Exxon Mobil Corporation has announced that its wholly owned affiliate, Exploration and Production Equatorial Guinea (Deepwater) Ltd., has signed a production sharing contract with the government of Equatorial Guinea for a deepwater block located 36 mi west of Malabo.
News
May 25, 2017
Nigerian senators passed a bill to reform the country’s oil and gas industry almost a decade after it was first proposed to lawmakers, Senate President Bukola Saraki said.
News
May 25, 2017
Equatorial Guinea will join OPEC, it was announced at an historic meeting of global oil producers in Vienna today. The Central African oil and gas producer will be Sub-Saharan Africa’s fourth OPEC member, bringing a wealth of experience and African diplomatic reach to the global oil exporters’ club.
News
May 23, 2017
Following the signing of an agreement between the Government of Equatorial Guinea and Arabian Energy to work together on the Bioko Oil Terminal, the realization of the petroleum tank farm gained important momentum.
News
May 22, 2017
Eni has launched production from the Integrated Oil & Gas Development Project, in the Offshore Cape Three Points (OCTP) block, off Ghana’s western coast, in just two and a half years, and three months ahead of schedule, reaching another record time-to-market.
News
May 22, 2017
Sound Energy, the African and European focused upstream gas company, is pleased to announce that the SAIPEM rig has now arrived at the Company's Sidi Moktar asset, onshore Morocco, ahead of the re-entry and testing of the Lower and Middle Jurassic in two existing wells on the Kechoula discovery.
News
May 19, 2017
Nigeria’s manager-level oil union will continue a strike indefinitely at Exxon Mobil Corp.’s local unit, threatening output after talks with the company to end the action reached an impasse, a labor official said.
News
May 18, 2017
Cairn has announced the results of another successful appraisal well offshore Senegal. Rig performance continues to be excellent and operations have been safely and successfully completed ahead of schedule and under budget following drilling, logging and drill stem testing (DST).
