Wintershall’s local subsidiary has signed two exploration and production-sharing agreements (EPSAs) with Libya’s National Oil Corp. (NOC) after compromising on licence terms.
A veteran Algerian politician won a presidential election spurned by most voters, giving fresh impetus to protests demanding a complete revamp of the OPEC member’s political system.
Nigeria LNG (NLNG) has signed gas supply agreements (GSAs) to supply three of its existing trains – plus the seventh, which is yet to reach a final investment decision (FID).
Pressure is mounting on the US to reconsider sanctions on Sudan, where the former president was driven from office in April.
TGS and AustinBridgeporth will begin acquiring an airborne gravity survey in Egypt in the first quarter of 2020.
Vitol has signed a sale and purchase agreement (SPA) with Nigeria LNG (NLNG), for some production from Trains 1, 2 and 3.
FAR has set out plans for a conditional placement and a senior debt facility in order to finance the Sangomar field, offshore Senegal.
Algeria goes to the polls today in a widely disputed election that aims to move the country on from its political quagmire, although this seems unlikely.
Ghana’s Springfield Exploration and Production has found oil in two areas at its Afina-1 well on its West Cape Three Points (WCTP) Block 2, offshore Ghana.
United Oil & Gas has returned to trading on London’s Alternative Investment Market (AIM) and is nearing completion of its acquisition of a stake in Egypt’s Abu Sennan licence.
Savannah Petroleum expects to generate free cash flow of around $130 million per year from its recently acquired Nigerian assets, based on calculations from CGG Services.
Total has reached an agreement with Libya’s National Oil Corp. (NOC) on the French company’s acquisition of a stake in the Waha concessions.
CEO Jan Arve Haugen of Ghana-focused Aker Energy has resigned, replaced in the interim by Svein Jakob Liknes, who was the company’s head of operations. Changes are also being made to the company’s board.
Ocean Infinity has won 2D high-resolution seismic work from Total in Angola.
Russia’s Tatneft has restarted its acquisition of seismic in Libya, the National Oil Corp. (NOC) has announced, picking up where it left off in 2014.
Liberia has set out plans for a licensing round in 2020, via the Liberia Petroleum Regulatory Authority (LPRA).
Predator Oil & Gas Holdings has signed a rig option agreement with Star Valley Drilling for work on Morocco’s Moulouya-1 prospect.
Ghanaian President Nana Addo Akufo-Addo has ceremonially launched the generation of electricity, using gas from the Sankofa field.
Tullow Oil chief executive Paul McDade and exploration director Angus McCoss have resigned with immediate effect as production expectations for 2020 and beyond have been slashed.
Petrobras is in a state of transformation, company officials said at a press conference in London, with an eye on selling down assets and tackling debt – in tandem with major expansion plans.
Nigeria has filed a new challenge to the case brought against it by Process and Industrial Developments (P&ID), over a failed gas project in Calabar.
Africa Finance Corp. (AFC) has agreed to act as a co-developer of a small refining project in Guinea, via a joint development agreement with Brahms Oil Refineries.
When Indian Oil Corp. (IOC) was launched it focused on the downstream and has subsequently expanded into the upstream, while also moving into petrochemicals.
A VLCC offshore Nigeria has been attacked and 19 crewmembers seized. This appears to be the first time such a ship has been targeted in this region.
Adipec 2019 was the 35th year of the conference, highlighting what progress Adnoc and the local industry has made – and the next phase of expansion plans.