A row between two Australian energy firms could delay production start-up from a major oil development involving Cairn Energy off Senegal.
Eland Oil and Gas said last night it had raised £15.2million from a sale of new shares in the north-east company.
Royal Dutch Shell Plc lifted restrictions on exports of a key Nigerian crude oil, 472 days after imposing them following militant attacks. The extra flows alone amount to about 20 percent of the supply OPEC has pledged to cut from world markets.
A consortium led by TechnipFMC will build a floating LNG vessel for Italian firm Eni’s project off Mozambique.
Morocco has handed SDX Energy an eight-year exploration permit covering more than 1,000 square kilometres.
Cairn Energy shares rose after revealing an appraisal well offshore Senegal confirmed “good connectivity” to another site drilled by the firm. The Edinburgh-based exploration and production firm said the results meant it was now on track to submit a development plan for the field to the Senegal government next year.
Cairn Energy today confirmed it has completed its ninth successful well in Senegal in three years.
Tullow Oil this morning confirmed an oil find in Kenya.
BP has started production from its West Nile Delta development in Egypt eight months early and under budget.
Ophir Energy said today that construction contracts had been awarded for the conversion of a vessel for its Fortuna FLNG project offshore Equatorial Guinea.
Africa-focused Savannah Petroleum said today it had booked its rig-of-choice for its onshore drilling campaign in Niger.
Ophir Energy said today that it had taken another step towards a final investment decision (FID) on Africa's first deepwater floating liquefied natural gas (FLNG) project.
Africa-focused Eland Oil and Gas today revealed that it could recover 22.6billion barrels more from four of its Nigerian wells than first thought.
Botswana-focused Tlou Energy has raised £4million in the last month by issuing new shares.
SDX Energy said today that a number of its Moroccan exploration permits have been extended.
London-listed gas explorer Sound Energy said today that two assets in Morocco would be added its field management agreement with US energy services firm Schlumberger.
SeaBird Exploration said it had found a month’s work for its Osprey Explorer in West Africa during the current quarter. Seabird said the ship would carry out a 2D seismic survey for an unspecified client. The company, which has a fleet of five vessels, is listed on the Oslo stock exchange with headquarters in Cyprus.
West-Africa-focused Eland Oil and Gas said today that it had secured a borrowing base of $24million following a review with its lender.
Nigeria’s military crusade to rid the country of hundreds of illegal refineries led to the death of two soldiers yesterday, a news report said.
Shell said it knew some of the $1.1 billion paid to the Nigerian government in 2011 for an exploration license would go to a company linked to the country’s former oil minister, changing its previous stance on a deal that’s under investigation for alleged corruption.
Africa-focused Savannah Petroleum said today that a last minute rig switch had boosted its onshore drilling campaign in Niger.
Shell and Eni today reiterated that they did not make fraudulent payments when buying a Nigerian oil field in 2010-11.
Aminex narrowed its losses in what is chairman hailed a "landmark" year for the firm.
Africa-focused Tlou Energy said today that three of its key licences in Botswana have been renewed for a further two-year term.
West-Africa-focused Eland Oil and Gas said today that it had pumped 330,000 barrels of oil from its Opuama-3 well since resuming production in January.