US explorers aren’t the only ones idling rigs as sub-$50 crude forces oil and gas drillers in Africa to slow their search for new reserves.
Erin Energy has resumed production from the Oyo-8 well in Nigeria following the completion of well intervention work.
A tanker with oil from eastern Libya returned with its cargo to the North African country after the United Nations blacklisted the shipment, amid an escalating struggle between the nation’s rival governments for control of its crude wealth.
North-east company Eland Oil and Gas said tonight it aimed to raise about £10million from the sale of new shares.
Sterling Energy has confirmed it plans to pull out of the Ambilobe block in Madagascan waters by July.
The United Nations Security Council added a tanker carrying Libyan oil to its sanctions list in response to the latest dispute between competing powers in the North African country after Malta refused to allow the ship to dock.
Authorities in eastern Libya vowed to export more crude oil soon, two days after shipping their first cargo in defiance of a national unity government based in Tripoli and in spite of a UN official’s condemnation of such “illicit” sales.
Edenville Energy's relinquishing of three licences in Tanzania will allow the company to concentrate its resources on the Rukwa coal-to-power project in the south-west of the country it believes.
The boss of Aberdeen's Eland Oil and Gas said the company is keen to accelerate the first phase of development of its Gbetiokum field in Nigeria, and is aiming for production by the end of 2016.
Sterling Energy said its loss widened in the first quarter of 2016, as production from its Chinguetti field in Mauritania fell due to temporary flow assurance issues.
Eland Oil and Gas has completed the perforation of two new intervals in the Opuama 3 well in Nigeria and increased production from the two strings.
SacOil has decided against signing an African Renaissance Pipeline Project joint venture agreement.
Irish oil and gas independent Animex said it will look to begin reaping the rewards from a decade of exploration and development in Tanzania when Kiliwani North books its first reserves in country this year.
Bowleven has been awarded a one-year extension to the existing Bomono exploration licence, onshore Cameroon.
Oil major Shell is looking to sell out of its onshore assets in Gabon in a sale estimated to be worth $700million.
Nigeria deployed police and soldiers to gasoline stations to maintain order as fuel shortages grip Africa’s biggest oil producer.
Aggreko has signed a three contract to provide 200MW of diesel-fuelled power in Zimbabwe with Zimbabwe Electricity Supply Authority (ZESA).
Lekoil, the Africa focused oil and gas firm, has taken a step toward continuous production from marginal fields in Nigeria, with commercial production on track by the end of June.
Victoria Oil & Gas has secured a $26million debt facility to support its production expansion at Logbaba through 2016 and 2017.
Senior executives and investors will gather in London in June for the 18th Africa Energy Forum where global power industry figures meet with African stakeholders to discuss opportunities in Africa’s energy sector.
Cairn Energy said its Senegal drilling campaign continues to yield positive results.
Nigeria’s government may sell 40% of a new national oil company within 10 years of its creation, according to a draft law.
Statoil’s boss in Algeria said the recent attempted terrorist attack in the country was a “wake-up call” for the company.
International energy companies in Nigeria have agreed to provide about $200 million to help fund fuel imports and end shortages, Petroleum Minister of State Emmanuel Kachikwu said.
The Cameroon government has approved Victoria Oil & Gas taking the controlling interest in the Matanda production sharing contract.