AfrOil Top Story archive

13 March 2017, Week 10, Issue 730

The International Energy Agency (IEA) has predicted Angola’s oil production will fall by 370,000 bpd during the next five years, marking the second largest drop globally over the five-year period...

06 March 2017, Week 09, Issue 729

Nigeria’s Seplat Petroleum Development posted net profits of US$265 million in 2017, versus a loss of US$166 million in 2016. Setting out its full-year earnings on February 28,...

27 February 2017, Week 08, Issue 728

The KSS-2 well in Morocco’s Sebou permit found gas but is considered to be non-commercial. Announcing the result, SDX Energy on February 21 said this was the sixth well in its current campaign,...

20 February 2017, Week 07, Issue 727

Algeria’s Sonatrach and Italian services company Saipem have formally settled their past differences by signing an agreement to end their legal disputes over four gas projects in the North African...

13 February 2017, Week 06, Issue 726

The Mozambique government has approved the development plan for the Anadarko Petroleum-backed LNG plant on February 6. The news coincided with an update from the US company, which said it – and...

06 February 2017, Week 05, Issue 725

Galp is in the process of farming out a stake in its Petroleum Exploration Licence (PEL) 82, in Namibia, to ExxonMobil. The US company has been on something of a tear in recent weeks, signing up a...

30 January 2017, Week 04, Issue 724

Nigeria’s Shoreline Natural Resources has signed up a new debt financing deal worth US$534 million, backed by Vitol. 

23 January 2017, Week 03, Issue 723

Nigeria’s House of Representatives has passed the Petroleum Industry Governance Bill (PIGB), after a third reading, on January 17. The bill will fundamentally rewrite a number of aspects of...

16 January 2017, Week 02, Issue 722

Drilling will soon begin at the Ntorya-3 well onshore Tanzania, Aminex said in an operations update statement released last week. 

09 January 2018, Week 01, Issue 721

Nigeria’s energy sector began 2108 with a somewhat rocky start last week, after a fire at the Escravos-Lagos natural gas pipeline disrupted supplies to several power plants near the major southern...

19 December 2017, Week 50, Issue 720

The World Bank Group will no longer finance upstream oil and gas activities after 2019, the group said on December 12, during the One Planet Summit in Paris. While this will be a...

12 December 2017, Week 49, Issue 719

Sinopec has hired BNP Paribas to sell its Nigerian and Gabonese businesses acquired through its purchase of Addax Petroleum in 2009, three sources told Reuters last week. The Chinese company is...

05 December 2017, Week 48, Issue 718

Nigeria LNG (NLNG) intends to take a final investment decision (FID) on Train Seven in 2018, according to a statement from the company on November 29. Speaking at an industry...

28 November 2017, Week 47, Issue 717

Canada’s Stamper Oil and Gas is making plans to buy into an oil project in Sudan. While the company did not disclose the specific asset in question it refers to Block 26 D/E, which had previously...

28 November 2017, Week 47, Issue 717

The West African Gas Pipeline (WAGP) reverse flow project is progressing steadily and on course to be ready by the second quarter of 2018, before first gas flows from the Sankofa-Gye Nyame field,...

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