AfrOil Top Story archive

19 September 2017, Week 37, Issue 707

Africa Energy has bought an effective 10% stake in Namibia’s Petroleum Exploration Licence (PEL) 37, from Australia’s Pancontinental Oil & Gas. Announcing the move on...

12 September 2017, Week 36, Issue 706

The Fatala-1 well off Guinea has failed to find hydrocarbons. The failure was announced on September 8 by the US operator, Hyperdynamics. This news marks the end of the company’s hopes in Guinea,...

05 September 2017, Week 35, Issue 705

A joint venture between Nigeria’s National Petroleum Corp. (NNPC) and Total Exploration and Production Nigeria (TEPNG) has signed an agreement to build Nigeria’s first “mini LNG...

29 August 2017, Week 34, Issue 704

During July, Nigeria produced 1.8 million bpd of oil, excluding condensates. “We continue to have challenges,” Emmanuel Ibe Kachikwu said. “Some of our pipelines are old, so these are basically...

22 August 2017, Week 33, Issue 703

Differing opinions on Nigeria’s production cost from Nigerian National Petroleum Corp. (NNPC) underscored problems within the company’s understanding. 

15 August 2017, Week 32, Issue 702

Atwood Oceanics has agreed to provide its Atwood Achiever rig to Kosmos Energy for one well, at an undisclosed day rate, the drilling company said on August 9. The rig is currently under contract...

08 August 2017, Week 31, Issue 701

OMV has closed the sale of a 50% stake in the Ashtart oilfield, offshore Tunisia, to Perenco, it announced on August 2. The price of the deal was not made public. 

01 August 2017, Week 30, Issue 700

Saipem has won offshore contract variations at Egypt’s Zohr field, the company said on July 27. The service company said the work was worth US$900 million and covered engineering, procurement,...

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. 

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