WorldOil More pain may come for Nigeria's loss-making oil behemoth It’s meant to be a cash cow, but the state oil company of Africa’s biggest producer is bleeding money. Panoro Energy announces results of Tortue appraisal well, offshore Gabon Panoro Energy has announced the successful drilling of the DTM-3 appraisal well located at Tortue field, within the Dussafu License, offshore Gabon. Ophir enters farm-out deal with Kosmos for exploration license in Equatorial Guinea Ophir announces that it has entered into a farm-out agreement with Kosmos Energy covering the EG-24 exploration license in Equatorial Guinea. Eni completes ramp-up of production at Ochigufu field, offshore Angola Eni has completed the ramp-up of Ochigufu field, in Angola’s deep offshore, reaching the production plateau of 24,000 bpd less than two months from start-up. SDX Energy reports gas discovery on Lalla Mimouna permit in Morocco SDX Energy Inc., the North Africa focused oil and gas company, has announced that a conventional natural gas discovery has been made at its LMS-1 exploration well on the Lalla Mimouna permit in Morocco (SDX 75%). ION commences new 2D multi-client program offshore West Africa ION Geophysical Corporation has announced acquisition began on a new 2D multi-client program offshore Ghana in partnership with Geoex and Ghana Geophysical. ION and its partners will acquire up to 7,200 km of data in advance of the license round anticipated in late 2018 to help refine understanding of the hydrocarbon potential of the area. OPEC cuts may go deeper as another member sees output slump While plunging output in Venezuela captures the oil world’s attention, problems are quietly festering in another OPEC nation. Panoro Energy reports successful completion of first production well at Tortue Panoro Energy has announced the successful drilling and completion of the first development well, DTM-2H, in Tortue field, within the Dussafu PSC, offshore Gabon. Harbour Energy seeks Santos growth with $10.3-billion offer Harbour Energy CEO Linda Cook said she would seek to expand Santos in Asia and Africa after making a $10.3 billion offer for Australia’s third-largest energy producer. Shell suspects ex-executive committed crime in Nigeria deal Shell referred a former vice president for sub-Saharan to the Dutch authorities, suspecting he may have committed crimes related to an asset sale in Nigeria.