UK independent oil firm Savannah Petroleum is celebrating its third consecutive discovery in its maiden exploration campaign on a block in Niger.
London-listed Soco International has struck a deal to sell its assets in Congo for $10 million.
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 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.
The drilling of two appraisal wells will start soon on the Etinde field in Cameroon, a project partner said today.
London-headquartered SDX Energy has struck gas at a well in Morocco.
BW Offshore said today that the first development well had been completed at the Tortue field, within the Dussafu license, offshore Gabon.
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.
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.
Italian oil firm Eni is celebrating the start of production from the Zohr field off Egypt.
US oil major ExxonMobil has completed the acquisition of a 25% stake in Mozambique’s gas-rich Area 4 block.
Erin Energy said today it had started drilling the Oyo North West well off Nigeria.
US oil major ExxonMobil has signed production sharing contracts with the government of Mauritania for three deepwater offshore blocks.
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.
Exploration and production company Eco Atlantic has cleared another hurdle on its way to drilling a well off the coast of Namibia.
Tullow Oil said today that it would look to restart development drilling on the TEN fields in Ghana following a tribunal ruling.
Kosmos Energy said today that tests on the Tortue-1 well prove that the discovery off West Africa is "world class".
Lower crude price forecasts and a large impairment charge on its TEN fields offshore Ghana drove UK-based Tullow Oil to pre-tax losses of £398million in the first half of 2017.
Ophir Energy said today that it would save $10-$12million a year by laying off 15% of its global workforce.
FAR Limited has asked for arbitration proceedings to be commenced to resolve a row over assets offshore Senegal.
New Age has separated the roles of chairman and chief executive in a top-order shake-up.
Eland Oil and Gas said last night it had raised £15.2million from a sale of new shares in the north-east company.
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.
West-Africa-focused Eland Oil and Gas said today that it had secured a borrowing base of $24million following a review with its lender.
Africa-focused Savannah Petroleum said today that a last minute rig switch had boosted its onshore drilling campaign in Niger.