Africa ///

Sifca to boost West Africa's palm-oil output as demand grows

Ivory Coast’s biggest oil-palm grower plans to meet rising demand for the product in Africa by increasing the capacity of its refineries and pushing output to at least 1 million tons a year by 2022.

Schlumberger and Sound Energy expand cooperation in Morocco

Sound Energy, the African and European-focused upstream gas company, has announced the signature of binding heads of terms with Schlumberger, which will expand Sound Energy's relationship with Schlumberger into Meridja and the Tendrara relinquished area(s).

South Sudan blocks open for direct negotiation, following collapse of talks with E&P companies

Representing the Government of South Sudan, the Ministry of Petroleum has announced that it is welcoming the interest of investors for direct negotiations on oil and gas in Blocks B1 and B2. The announcement comes after negotiations broke down with the French oil and gas company Total E&P, due to irreconcilable differences.

Sound Energy announces mobilization of rig to Sidi Moktar, Morocco

Sound Energy, the African and European focused upstream gas company, is pleased to announce the mobilization of a rig to the Company's Sidi Moktar asset, onshore Morocco.

SDX Energy strikes pay at South Disouq concession in Egypt

SDX Energy Inc., the North Africa focused oil and gas company, announced that drilling on the carried SD-1X well at its South Disouq concession, where it hold s a 55% equity interest and is operator in the Nile Delta area of Egypt has reached its first target depth.

BP starts up Trinidad onshore compression project

BP Trinidad and Tobago LLC (bpTT) has announced the start-up of the Trinidad onshore compression (TROC) project, one of seven major upstream projects BP expects to bring online in 2017.

Harvest Natural Resources sells Gabon interests, Delta Petroleum note paid

HNR Energia B.V., a wholly-owned subsidiary of Harvest Natural Resources, Inc. closed the sale of all of its Gabon interests in accordance with a previously announced sale and purchase agreement dated Dec. 21, 2016 among Harvest, HNR Energia B.V. and BW Energy Gabon Pte. Ltd, a private Singapore company.

Lloyd's Register wins inspection contract for Armada Olombendo FPSO, Angola

Lloyd's Register has won an inspection contract with Bumi Armada Berhad for their Armada Olombendo FPSO.

Shell knew Nigeria ex-minister's company would get oil-deal cash

Royal Dutch Shell Plc 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.

AAPG’s ACE ’17: Plentiful supply can meet strong demand, but forecasts rarely certain, admits BP exec

Gone forever are the days when the world stressed over what would happen when humanity began running out of oil—a fear based on M. King Hubbert’s theory of peak oil—or the point in time at which the maximum rate of petroleum extraction occurred.

Cairn announces results of sixth appraisal well at SNE field, offshore Senegal

Cairn has announced the results of the VR-1 well offshore Senegal. Rig performance continues to be excellent and operations have been safely and successfully completed ahead of schedule and under budget following the drilling and logging operations.

Kuwait best off, Nigeria worst, in Fitch's 2017 oil break-even forecast

Kuwait’s in the best position of major oil exporting nations in the Middle East, Africa and parts of Europe to have a balanced government budget this year with oil forecast to average $52.50/bbl, according to Fitch Ratings Ltd.

China binging on African oil like never before after OPEC cuts

China is set to import record amounts of crude oil from West Africa this month as OPEC’s supply cuts pave the way for other nations to gain a greater foothold in the fast-growing Asian market.

TGS announces further expansion of north-west African Atlantic Margin 2D seismic survey

TGS announces a further expansion of its NWAAM multi-client library in the MSGBC basin with plans to acquire more than 11,000 km of long-offset broadband 2D seismic data together with magnetic and gravity data, in Senegal and Gambia.

Buhari's change of tack in Nigeria Delta boosts oil output

When militants in Nigeria’s southern Niger River delta started attacking oil installations, President Muhammadu Buhari promised to crush them by force. A year and $7 billion in lost oil exports later, his decision to switch tack by negotiating with the fighters seems to be working.

2H Offshore completes installation of production riser on Moho Nord

2H Offshore, an Acteon company, has successfully completed the installation of the first of 17 production top tension risers (TTRs) for Total E&P Congo’s Moho Nord field.

GOSCO, Lloyd’s Register form JV to deliver services to Ghana's energy sector

Lloyd's Register has signed an agreement with GOSCO to form a joint venture dedicated to providing well project management, well engineering and associated site survey, geotechnical and rig inspection services, in the territorial waters of the Republic of Ghana.

Oil workers seen as target in new phase of South Sudan's war

Crude oil brings in the cash to keep South Sudan’s army fighting. That may have made oil workers a target for rebels waging the African nation’s three-year civil war.

War-ravaged South Sudan draws $500-million Oranto oil bet

Nigeria’s Oranto Petroleum International Ltd. plans to bet half a billion dollars that Africa’s newest nation can end a three-year civil war and create the conditions to revive its oil industry.

Sound Energy confirms potential of Morocco's TAGI play

Sound Energy, the African and European focused upstream gas company, has announced the results of its third well at its Tendrara licence, onshore Morocco, which both establishes the Westward extension of the primary hydrocarbon system proven in Algeria into Morocco, and further confirms the potential of the TAGI play in-country.