AfrOil Top Story archive

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,...

24 January 2017, Week 03, Issue 673

Australia’s Pura Vida Energy has struck a deal with an unnamed rig contractor, which will cover the costs of a three-well programme on the Loba oilfield, offshore Gabon. The plan was announced on...

17 January 2017, Week 02, Issue 672

SDX Energy has acknowledged it is in the early stages of making a bid for Circle Oil’s Moroccan and Egyptian assets. Egypt-focused SDX, in a statement on January 11, said it had signed a non-...

10 January 2017, Week 01, Issue 671

Nigerian National Petroleum Corp. (NNPC) has dished out contracts to 39 companies for crude oil offtake in 2017-18, the company announced on January 4. The head of NNPC’s crude oil marketing...

20 December 2016, Week 50, Issue 670

The UK’s Serious Fraud Office (SFO) last week closed its investigation into alleged corruption and bribery at a private British company that provided Somalia with seismic surveys on offshore oil...

06 December 2016, Week 48, Issue 668

South Africa’s SacOil Holdings has reported a tough six months with difficulties likely to continue, including under-performance at its Egyptian asset. The pressure has been such that it...

22 November 2016, Week 46, Issue 666

Egypt is in the process of preparing a new natural gas law that will establish a regulatory agency for the gas market and enable private companies to import gas. Also in the pipeline are IPOs for...

15 November 2016, Week 45, Issue 665

Sonangol EP and partners have begun production, via an early production system, at the Mafumeira Sul development, the Angolan company said on November 10. The project, in Block 0, began producing...

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