AfrOil Top Story archive

25 July 2017, Week 29, Issue 699

Tanzania’s state-owned energy companies appear to be making progress in paying down debts according to recent statements from Wentworth Resources and Aminex. 

18 July 2017, Week 28, Issue 698

Cairn Energy has discovered oil at its FAN South-1 well, offshore Senegal, although there seem to be questions over whether it will be commercially viable – similar to the earlier FAN-1 discovery...

11 July 2017, Week 27, Issue 697

Swiss-based and Chinese-owned Addax Petroleum has settled charges from the Geneva’s Public Prosecutor’s Office with a payment of 31 million francs (US$32.2 million). A statement...

04 July 2017, Week 26, Issue 696

BP has decided to relinquish its 50% stake in Block 24/11, it said on June 29, in an exploration update. The company said the decision had been taken as Katambi, a pre-salt gas discovery made on...

27 June 2017, Week 25, Issue 695

A Malaysian company, Barakah Offshore Petroleum, has won work on the decommissioning of the Chinguetti and Banda fields, in Mauritania. 

20 June 2017, Week 24, Issue 694

Guinea launched its first offshore licensing round last week, at an event in Paris. The round will be opened in October of this year and is to run for six months. Awards are...

13 June 2017, Week 23, Issue 693

The dispute over Woodside Petroleum’s entry into the oil finds offshore Senegal have flared up, with the company publicly exchanging complaints with FAR. 

06 June 2017, Week 22, Issue 692

Nigerian National Petroleum Corp. (NNPC) has made progress on its move towards becoming an integrated energy company, announcing plans to build a power plant in co-operation with the Bayelsa State...

30 May 2017, Week 21, Issue 691

Tanzania gas producer Orca Exploration posted net income for the first quarter of US$2.8 million, from a loss of US$5.6 million in the same quarter of 2016. The first quarter loss in 2016 was...

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 provided...

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. ...

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