San Leon Energy has received $40 million under its loan notes agreement in Nigeria, while changing the terms of its lending.
Dubai Petroleum is ending its second rig contract with Shelf Drilling, which had been working in the United Arab Emirates.
Essar Exploration & Production (Mauritius) has filed an “opportunistic” complaint in the UK against a Nigerian joint venture, Shoreline Canadian Overseas Petroleum Development, known as ShoreCan.
Nigeria’s Department of Petroleum Resources (DPR) has ordered companies to limit the number of personnel at sites, in line with a directive from Nigerian President Muhammadu Buhari.
The Africa E&P Summit, which had been due to be held on May 20-21, has been pushed back to October 21-22.
Nigeria appears to sense an opportunity in its legal wranglings with P&ID given an alleged lack of response to the government’s allegations of fraud in an English court.
Weak demand will drive production shut ins this quarter, IHS Markit’s vice president Aaron Brady told Energy Voice, as storage options are limited.
Many new projects in Africa will be delayed as a result of the oil price drop, Rystad Energy has said.
As oil crashes due to the impact of the coronavirus, it’s easy to overlook an even more dismal reality for producers: the real prices they’re getting for their barrels are worse still.
Coronavirus has begun to spread in Africa, triggering governments to impose lockdowns and take steps to tackle the pandemic.
While the big goal of tackling its sclerotic oil industry is still languishing, Nigeria has been racking up progress in its gas sector.
Spills in Nigeria for Shell increased to 2,000 tonnes in 2019, from 157 sabotage incidents, the company has disclosed in its annual report. This was up from 1,600 tonnes from 111 incidents in 2018.
Oil price falls below $40 per barrel spell problems throughout the industry, with companies and countries alike facing tough times.
The Minerva Virgo product tanker has been attacked offshore Benin, with one seaman believed to have been kidnapped.
Nigeria may have to adjust its budget this year after fears of coronavirus pandemic dragged the price of crude under the target set in its 2020 spending plan.
Scrapping its dividend, Sasol laid out a tough set of results with earnings down 72% at 4.5 billion rand ($297 million) with its Lake Charles project in the US continuing to drag the South African company down.
US Secretary of State Mike Pompeo has wrapped up a trip to three African states this week, where he noted the importance of deepening trade ties and the struggle against corruption.
Aker Energy has signed a letter of intent (LoI) on a floating production, storage and offloading (FPSO) with Yinson Holdings Berhad.
Nigeria’s Department of Petroleum Resources (DPR) has held a bidders’ conference for those interested in tackling gas flaring in the country.
The reduction in Chinese oil demand as a result of the coronavirus has taken its toll on African exports.
Kidnappings of crewmembers in the Gulf of Guinea during 2019 was up by more than 50%, according to the International Chamber of Shipping (ICS), driven by piracy stemming from Nigeria.
ADM Energy has signed up support from Trafigura, with the oil trader agreeing to support “investment opportunities” in African energy.
Higher insurance premiums for maritime work in the Indian Ocean is out of step with reality, according to Dryad Global’s annual report.
The world continues to need investment in the oil and gas sector, according to most forecasts, but this is an increasingly difficult pitch for investors given concerns over carbon emissions.
An explosion in a Lagos neighbourhood has been extinguished, but it has left five dead, according to local reports.