AfrOil Top Story archive

21 November 2017, Week 46, Issue 716

Dana Gas’ first legal hearing – stemming from its attempts to have its own sukuk declared illegal and unenforceable – have ended ignominiously for the company. Justice Leggatt, in a judgement...

14 November 2017, Week 45, Issue 715

Nigeria has raised the prospect of selling equity in its joint ventures, as part of its 2018 budget. The proposal is intended to raise 710 billion naira (US$1.99 billion), the country’s Debt...

07 November 2017, Week 44, Issue 714

The Niger Delta Avengers (NDA) has called off its ceasefire, the group said in a statement on November 3, and restarting its campaign “Operation Red Economy”. The statement seemed as focused on...

31 October 2017, Week 43, Issue 713

Equatoguinean Vice President Teodoro Nguema Obiang Mangue – and son of the president – has been found guilty of embezzlement in a French court. The ruling, issued on October 27, imposed a three-...

24 October 2017, Week 42, Issue 712

South Africa’s plans for shale gas development hit another roadblock on October 17 when the Grahamstown High Court set aside regulations issued by the government. South African Mineral Resources...

17 October 2017, Week 41, Issue 711

Tullow Oil has bought 90% stakes in four onshore blocks in Cote d’Ivoire, the company said on October 12. Cote d’Ivoire’s Petroci has the remaining 10% stakes. The blocks – CI 518, CI519, CI301...

10 October 2017, Week 40, Issue 710

CH2M has won marine engineering support work on the Tortue gas field development, offshore Mauritania and Senegal, the service company announced on October 5. Kosmos Energy discovered the Tortue...

03 October 2017, Week 39, Issue 709

Production from Cameroon’s Logbaba field has increased by 11.4% year on year in the first half, Victoria Oil & Gas said last week. Production averaged 413,500 cubic metres per day in the first...

26 September 2017, Week 38, Issue 708

Angola LNG (ALNG) has signed another sales agreement, this time with Glencore, it announced on September 20. The company has also signed deals with RWE and Vitol this month. 

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...

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