AfrOil Top Story archive

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 announced...

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...

08 November 2016, Week 44, Issue 664

Victoria Oil & Gas has spudded development wells La-107 and La-108 on its Logbaba field, in Cameroon. The company, in a statement on November 2, said it had spudded the wells in Douala using...

01 November 2016, Week 43, Issue 663

ExxonMobil has proved up a find offshore Nigeria of between 500 million and1 billion barrels of oil, based on the Owowo-2 and -3 wells, the US super-major said in a statement shortly before its...

25 October 2016, Week 42, Issue 662

Zarara Oil and Gas is set to drill a well for natural gas in the onshore L-4 licence, in Kenya’s Lamu Basin, by June 2017. The company, a subsidiary of Midway Resources International (MRI), is...

18 October 2016, Week 41, Issue 661

Swala Oil & Gas (Tanzania) has signed up Exotix Partners to place US$120 million of corporate bonds, the company said on October 12. Swala was the first oil and gas company to be listed on the...

11 October 2016, Week 40, Issue 660

Tullow Oil issued a notice of force majeure to Seadrill Partners on October 3 for the West Leo semi-submersible. The unit had been carrying out work on Ghana’s TEN development. 

04 October 2016, Week 39, Issue 659

Alternative Investment Market (AIM) listed San Leon Energy has completed a complex arrangement to secure a 9.72% indirect stake in Nigeria’s onshore Oil Mining Licence (OML) 18, for which it has...

27 September 2016, Week 38, Issue 658

The public hearings on the disputed marine borders between Kenya and Somalia were concluded on September 23. The International Court of Justice (ICJ) has begun its deliberations, it said in a...

20 September 2016, Week 37, Issue 657

The International Energy Agency (IEA) released its first ever investment report on September 14, noting that global spending on energy had fallen by 8% in 2015, from 2014, to US$1.8 trillion. Oil...

13 September 2016, Week 36, Issue 656

Shell Petroleum Development Co. (SPDC) has lifted its force majeure on gas supplies to the Nigerian LNG (NLNG) facility after locating and repairing a pipeline leak. 

06 September 2016, Week 35, Issue 655

Nigeria has officially gone into recession with its economy shrinking by 2.06% year on year in the first quarter, following a reduction of 0.34% in the first quarter, according to data from the...

30 August 2016, Week 34, Issue 654

Production from the South Lokichar Basin will begin in March 2017, with exports beginning in June, Tullow Oil executives agreed in a meeting with Kenyan President Uhuru Kenyatta last week. 

23 August 2016, Week 33, Issue 653

PTT Exploration and Production (PTTEP), with its partners Sonatrach and CNOOC Ltd, have completed drilling work at Hassi Bir Rekaiz. They intend to submit a development plan to the Algerian...

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