AfrOil Top Story archive

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...

16 August 2016, Week 31, Issue 652

TransGlobe Energy has made two oil finds in Egypt, the company announced on August 11. The company said the NWG 27 and NWG 38 wells had respectively found 18 million and 12...

09 August 2016, Week 31, Issue 651

The rating for the Republic of Congo (Brazzaville) has been lowered to selective default (SD/D) by Standard & Poor’s after missing a payment, it was announced on August 2. This follows similar...

02 August 2016, Week 30, Issue 650

Output from Shell Petroleum Development Co. (SPDC) averaged 43,000 barrels per day in the first half of 2016, down from 68,000 bpd during 2015. The second quarter for Royal Dutch Shell’s Nigerian...

26 July 2016, Week 29, Issue 649

The Nigerian government is holding talks with militants in the Niger Delta, the president’s office announced on July 21. The Niger Delta Avengers (NDA), though, denied that it was involved in such...

19 July 2016, Week 28, Issue 648

Cote d’Ivoire intends to double oil and gas production by 2020 in order to meet fast rising domestic demand and boost exports. Speaking to Reuters at an energy conference in Yamoussoukro last week...

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