AfrOil Top Story archive

23 May 2017, Week 20, Issue 690

SDX Energy reported income of US$26.9 million for the first quarter of the year, although this was largely based on its acquisition of Circle Oil’s Egyptian and Moroccan businesses, which...

16 May 2017, Week 19, Issue 689

Canada-based TransGlobe Energy’s production averaged 16,731 boepd in the first quarter of the year, up from 12,058 bpd in the same period of 2016. Much of this increase came from the company’s...

02 May 2017, Week 17, Issue 687

Drilling has begun at the Abu Sennan concession, in Egypt, Rockhopper Exploration said on April 26. The company has a 22% working interest in the block, which is operated by Kuwait Energy.

25 April 2017, Week 16, Issue 686

South Sudan has invited companies to bid for Blocks B1 and B2 directly, following the breakdown of discussions with other companies, including Total. The country, in a statement on April 24,...

18 April 2017, Week 15, Issue 685

Savannah Petroleum intends to drill its first three wells on the R3 production-sharing contract (PSC), starting in the first half of the year. In a statement on April 11, Niger-focused Savannah...

11 April 2017, Week 14, Issue 684

Total Gabon’s revenues fell in 2016 but, as a result of spending cuts, the company reported a net profit of US$6 million for the year. This is an improvement from a US$28 million loss in 2015. ...

04 April 2017, Week 13, Issue 683

Seplat’s 2016 was dominated by the stoppages at the Forcados terminal, with the company’s net working interest reduced by 40% to 25,877 boepd in 2016, from 43,372 boped in 2015. The company is...

28 March 2017, Week 12, Issue 682

Angola’s Sonangol has issued a statement condemning allegations from a local investigative journalist, about the way in which foreign consultants are being paid. 

21 March 2017, Week 11, Issue 681

Virtually all members of Cameroon-focused Bowleven's board have been removed, following a shareholder vote. An activist investor, Crown Ocean Capital, is set to take the reins. The shake-up...

14 March 2017, Week 10, Issue 680

Royal Dutch Shell’s production in Nigeria slipped to 258,000 boepd in 2016, from 278,000 boepd in the previous year. While oil theft appears to have fallen during the year, sabotage of facilities...

07 March 2017, Week 09, Issue 679

Around 11% of Chad’s GDP stems from trade with the US, said Wells Fargo in a note on March 1 on the potential Border Adjustment Tax (BAT). Under the BAT plan, goods imported into the US would be...

28 February 2017, Week 08, Issue 678

An explosion was reported in Rivers State on February 22, hitting two pipelines in the Emohua local government area, one of which belongs to Nigeria LNG (NLNG), a...

21 February 2017, Week 07, Issue 677

Botswana-focused coalbed methane (CBM) developer Tlou Energy has announced a significant upgrade of reserves for its Lesedi gas project and initial reserves. As such, its hopes for becoming the...

14 February 2017, Week 06, Issue 676

Total expects final investment decisions (FIDs) for 495,000 bpd of production from sub-Saharan Africa in the next 18 months, the company said on February 9. The company intends to approve four...

07 February 2017, Week 05, Issue 675

Anadarko Petroleum reported gross production from its Algerian assets had reached 404,000 boepd in the fourth quarter, the highest quarterly average achieved since 2009. The amount was up by 20,...

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