Nigeria backed Saudi Arabia and Russia in freezing oil production while giving Iran and Iraq a way out to regain some of their lost market share due to sanctions and war.
Chariot Oil & Gas has completed the 3D seismic survey over two blocks offshore Namibia.
Guaranty Trust Bank Plc, Nigeria’s largest lender by market value, said it will target the consumer industry and small to medium-sized companies for growth as a plunge in oil prices and foreign-exchange restrictions limit opportunities in the West African nation.
Tullow Oil shares slumped by over 11% yesterday after it revealed potential issues with its FPSO in Ghana.
San Leon Energy will submit its payment for the acquisition of Canada's Mart Resources later than originally planned it confirmed today.
Victoria Oil & Gas has expanded operations in Cameroon by acquiring 75% stake in the Matanda licence from a subsidiary of Glencore as the commodity giant continues to offload non-core assets .
Tullow Oil said it has made a change to operating procedures at the Jubilee Field FPSO (floating, storage and offtake) vessel in Ghana.
Petroceltic has completed the sale of a number of exploration licences in Egypt.
Oil major Shell has launched an investigation into the source of a crude oil spill observed around water at the Forcados Terminal in Nigeria.
Savannah Petroleum has signed a framework seismic contract with BGP Niger for south east Niger licenses.
The British High Commissioner to Mozambique said last night she hoped women could benefit from the country's emerging gas industry, as she welcomed the proposed deal with the north-east.
Eland Oil & Gas said it aims to significantly improve production from the Opuama field at a low cost by conducting workovers on its existing wells.
BP has confirmed start-up at its In Salah Gas project in Algeria.
Nigeria has recommitted itself to meeting its target for the year of boosting daily oil production amid its current challenges.
Scottish Secretary David Mundell will today meet Mozambique’s minister of industry and commerce as he embarks on a drive to push forward a trading partnership with Aberdeen.
Solo Oil today confirmed it had increased its interests in Tanzania’s Kiliwani North development licence to 10%.
The Egyptian oil and gas market could be an attractive market for North Sea companies looking to expand their business.
GNPC (Ghana National Petroleum Corporation) and Quantum Power has signed heads of terms for the construction and operation of LNG facilities.
Sound Energy has signed a binding agreement with Oil & Gas Investment Fund (OGIF) to allow the company to acquire a 55% interest in the Meridja permit, onshore Morocco.
Cummins Cogeneration has signed a 300MW power purchase agreement with Sapele Power for one of Africa’s largest gas-fired power plants.
A shipping security expert says the crew of an oil tanker hijacked in Nigerian waters is from Russia, Georgia and the Philippines and that they are probably being held hostage for ransom.
A Bristow Helicopter Group Ltd. craft crashed into the Atlantic sea on Wednesday 95 miles outside of Nigeria’s commercial capital, Lagos.
Sasol has obtained approval from the Mozambique government to develop more oil and gas fields.
Aminex said the Kilwani North-1 well is undergoing final testing ahead of first production.
Oil major Chevron has handed over the producing assets in a number of oil mining leases to Seplat Petroleum Development Company following a Supreme Court judgement.