AfrOil Top Story archive

12 July 2016, Week 27, Issue 647

Savannah Petroleum has dropped plans for a reverse takeover, opting instead to carry out a placing and press ahead with its work programme in Niger. The London-listed minnow, in statements on July...

05 July 2016, Week 26, Issue 646

New Age (African Global Energy) has closed a US$425 million senior secured facility, it said on June 30, drawing down US$350 million. The facility was led by EIG Global Energy Partners and the...

28 June 2016, Week 25, Issue 645

The West African Gas Pipeline Co. (WAPCo) has suspended gas flows from Nigeria to Ghana over unpaid bills, marking the first time the link has been closed for this reason, the company said last...

21 June 2016, Week 24, Issue 644

SDX Energy has withdrawn from a concession in Cameroon’s Rio Del Rey Basin, after the government rejected a request for a one-year extension to enable completion of a detailed analysis of the...

14 June 2016, Week 23, Issue 643

Oando has arranged a 94.6 billion naira (US$475.3 million) facility from 10 banks in Nigeria, the company announced last week. The company, which took its upstream subsidiary private in mid-May,...

07 June 2016, Week 22, Issue 642

Equatorial Guinea launched its bidding round on June 6 at a press conference in Cape Town, during the Africa Oil & Power event. 

31 May 2016, Week 21, Issue 641

Mozambique’s complicated international financing is coming under increasing pressure, although the East African government continues to receive support from China. Mozambique has struggled...

24 May 2016, Week 20, Issue 640

Debt-laden Circle Oil has warned there could be little or no value left for the company’s shareholders, in another blow for investors in London’s Alternative Investment Market (AIM). The company,...

17 May 2016, Week 19, Issue 639

Only 10 months after its discovery, production at Egypt’s Nooros field has reached approximately 65,000 barrels of oil equivalent per day with an end-of-year target of 140,...

10 May 2016, Week 18, Issue 638

Spectrum has completed its 2-D seismic shoot offshore south Somalia, with the acquisition of 20,582.75 line km. The work was completed without incident, Spectrum said.

03 May 2016, Week 17, Issue 637

Schlumberger has dropped out of a plan to participate in the construction of a floating LNG (FLNG) plant offshore Equatorial Guinea. Ophir Energy announced the service company’s withdrawal on...

26 April 2016, Week 16, Issue 636

Pressure is mounting on the various actors in Libya to accept a United Nations-backed government, while violence continues in the country. 

19 April 2016, Week 15, Issue 635

Angolan oil production overtook Nigeria’s in March, according to OPEC and the International Energy Agency (IEA). Nigeria’s output has been reduced recently by trouble on the Trans Forcados...

12 April 2016, Week 14, Issue 634

The route of a proposed pipeline, designed to carry Ugandan crude oil from Lake Albert to the Indian Ocean for export, is becoming a regional diplomatic issue. The plan for a pipeline to the port...

05 April 2016, Week 13, Issue 633

Chariot Oil & Gas has agreed a farm-in deal with Eni covering four exploration permits in Morocco’s Rabat Deep Offshore licence that will facilitate drilling of the highly prospective asset JP...

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