Africa’s largest oil producer fears fiscal crisis
Africa’s largest oil producer could run out of money if it doesn’t boost revenues urgently.
Africa
James Fisher Subsea Excavation sets up Nigeria base
An Aberdeenshire subsea excavation company has wrapped up its first project in Nigeria and established a base in the West African country.
Algerians march against president and political system
Algerians took to the streets in their millions for the sixth straight Friday of nationwide protests, trying to push their ailing president from power and bring down a political system seen as corrupt and out of touch.
£100m of UK funding for clean power projects in Africa
More than two million people in Africa are set to get new or improved access to clean energy with £100 million of funding from the UK, the Government has said.
Trio of explorers aim to hit East Africa gas jackpot again
A trio of oil executives who hit the jackpot with a gas find off Mozambique have long believed they can repeat that success not far from their original discovery. Now financial backing from seasoned Africa explorer Tullow Oil Plc has given them the firepower to take another shot.
Powerful Potential: Growth Opportunities in Africa’s gas Sector
The regions of North and West Africa offer two contrasting stories with regard to energy access and natural resources. The vast majority of North African nations benefit from strong energy infrastructures, with virtually 100% of populations having reliable access to electricity. Meanwhile, West Africa presents a different picture: many nations—including Nigeria, Liberia, Guinea, Burkina Faso, and Sierra Leone— currently provide reliable electricity to only 50% or less of their population.
Powerful Potential: Growth Opportunities in Africa’s gas Sector
The regions of North and West Africa offer two contrasting stories with regard to energy access and natural resources. The vast majority of North African nations benefit from strong energy infrastructures, with virtually 100% of populations having reliable access to electricity. Meanwhile, West Africa presents a different picture: many nations—including Nigeria, Liberia, Guinea, Burkina Faso, and Sierra Leone— currently provide reliable electricity to only 50% or less of their population.
Subsea 7 takes the spoils as Tullow awards contract for Ghana project
Subsea 7 has won a contract with Tullow Ghana on the Jubilee field.
Three reasons BP is focusing on Africa
Oil major BP pinpointed its reasoning behind its African investments. Speaking in New York as part of an event highlighting opportunities in Africa, Bernard Looney reinforced the firm’s commitment to the continent.
Savannah makes third discovery in a row in Niger
UK independent oil firm Savannah Petroleum is celebrating its third consecutive discovery in its maiden exploration campaign on a block in Niger.
Soco sells Congo business for $10m
London-listed Soco International has struck a deal to sell its assets in Congo for $10 million.
Africa’s hidden oil hub grows after making millions for traders
For oil traders, there’s no place quite like Saldanha Bay. When prices slumped in 2014, trading houses generated outsize profits by storing millions of barrels of crude in the deep-water harbor north of Cape Town.
Ghana favors forecourt operator as Exxon Mobil partner
Ghana sees the country’s state-owned gas-station operator as the leading bidder to partner Exxon Mobil for the exploration of crude at an offshore field, according to two people familiar with the matter.
Drilling on Etinde well to start this month, Bowleven says
The drilling of two appraisal wells will start soon on the Etinde field in Cameroon, a project partner said today.
SDX hits gas at Morocco well
London-headquartered SDX Energy has struck gas at a well in Morocco.
First Tortue development well completed
BW Offshore said today that the first development well had been completed at the Tortue field, within the Dussafu license, offshore Gabon.
BP and Kosmos partnership win exploration rights off West African coast
A partnership of BP and Kosmos Energy has won the rights to exploration areas off the coast of West Africa, according to a news report.
Maersk to drill wells offshore Ghana for Tullow
A subsidiary of Danish conglomerate Moller-Maersk will carry out drilling work on fields offshore Ghana as part of a four-year deal with Tullow.
Eni starts production from huge Zohr field off Egypt
Italian oil firm Eni is celebrating the start of production from the Zohr field off Egypt.
Exxon wraps up deal for stake in Mozambique block
US oil major ExxonMobil has completed the acquisition of a 25% stake in Mozambique’s gas-rich Area 4 block.
Drilling under way on Oyo well in Nigeria, Erin says
Erin Energy said today it had started drilling the Oyo North West well off Nigeria.
Exxon signs contracts for three blocks off Mauritania
US oil major ExxonMobil has signed production sharing contracts with the government of Mauritania for three deepwater offshore blocks.
Gulfsands shares drop as Morocco exit threatens penalties
Gulfsands Petroleum's shares dropped 6% to 5.88p in London in early trading after the firm announced its decision to back out of Morocco.
Eco Atlantic applies for Namibian drilling permit
Exploration and production company Eco Atlantic has cleared another hurdle on its way to drilling a well off the coast of Namibia.
Tullow to restart drilling on TEN fields after tribunal ruling
Tullow Oil said today that it would look to restart development drilling on the TEN fields in Ghana following a tribunal ruling.