Africa ///

Nigeria’s shrinking economy puts sale of oil fields in play

Facing the likelihood of its first full-year economic contraction in 25 years, Nigeria is contemplating a rare sale of stakes in the oil and gas industry, the country’s biggest foreign-exchange earner.

Eni, BP boost potential of Baltim South West to 1 Tcf

Eni has upgraded the potential of Baltim South West field to 1 Tcf of gas in place following the results of the Baltim South West 2X appraisal well, which was drilled immediately after the discovery well.

Libya oil port ships first cargo since 2014 as fighting ebbs

A tanker sailed from Libya with a crude cargo bound for Italy after a halt in fighting between rival armed forces enabled the OPEC country to resume exports from its third-largest oil port for the first time since 2014.

Algeria urges 1 MMbpd cut in world’s oil production

OPEC and oil-producing countries outside the group must find a way to cut crude supplies by 1 MMbpd to re-balance markets and stabilize prices, Algerian Energy Minister Noureddine Bouterfa said.

Sound Energy reaches final casing point at Morocco's Tendrara

Sound Energy, the European and African focused upstream company, has announced that the second Tendrara well has now been drilled to the third and final casing point at an MD of 2,623 m and that operations have started to set and cement the 7-in. liner in the TAGI-I shale formation.

Eni connects Tunisia’s Laarich East-1 well to production

Eni has resumed exploration activities onshore Tunisia in the Sahara desert, approximately 700 km south of Tunis.

Oil rises as Libyan fighting thwarts export resumption

Oil rebounded from the lowest close in more than a month after clashes halted what would be the first crude shipment from Libya’s Ras Lanuf export terminal since 2014.

Global oil glut set to worsen as Nigeria, Libya fields restart

Amid the most enduring global oil glut in decades, two OPEC crude producers whose supplies have been crushed by domestic conflicts are preparing to add hundreds of thousands of barrels to world markets within weeks.

Nexans wins contract for BP’s West Nile Delta project

BP Exploration (Delta) Limited has ordered approximately 100 km of static umbilicals and associated accessories from Nexans for the next stage of the West Nile Delta project.

Libya’s oil comeback derailed as former general seizes ports

Libya’s plans to restore oil production suffered a significant setback after forces loyal to the eastern region’s powerful military commander ousted government-backed fighters from key export terminals, just days before a tanker was due to load the first shipment in nearly two years.

Eni boosts Nooros production to 128,000 boed just 13 months after discovery

Output from Egypt’s Nooros field has reached 128,000 boed (700 MMcfgd) just 13 months after its discovery, Eni said in a statement announcing the production landmark.

Kuwait Energy starts production from Al-Jahraa SE-1X well in Egypt

Kuwait Energy has started production from the Al-Jahraa SE-1X well in the Abu Sennan concession in Egypt’s Western Desert.

FMC wins contract for Eni's Block 15/06 West Hub Development Project

FMC Technologies will provide subsea multi-phase boosting pumps, manifolds, and installation support services for Eni Angola's Block 15/06 West Hub Development Project located off the coast of Angola.

New Zohr appraisal well confirms resource potential at 30 Tcf

Eni has drilled a fifth well on the Zohr structure, offshore Egypt, and confirmed the field’s resource estimate of 30 Tcf.

Shell oil pipeline in Nigeria seen restarting in September

Royal Dutch Shell’s Forcados pipeline in Nigeria will resume deliveries in September, according to an oil company that uses the line.

CGG, GOSCO announce JV for seismic services offshore Ghana

CGG has signed an agreement with GNPC Operating Services Company (GOSCO), an independent Ghanaian E&P services company, to form a joint-venture company dedicated to conducting high-end 2D, 3D and 4D marine seismic acquisition and related services in the territorial waters of the Republic of Ghana.

Oil companies seen investing $8 billion to start Uganda output

Uganda expects three oil companies to invest $8 billion in the East African nation before they start producing oil in 2020, Energy Minister Irene Muloni said.

Crude oil disruptions in Nigeria increase as a result of militant attacks

Crude oil production disruptions in Nigeria reached 750,000 bpd in May 2016, the highest level since at least January 2009.

Nigeria oil militants say not ready to negotiate with government

Nigeria’s Niger Delta Avengers militants, who have claimed repeated attacks on oil and gas pipelines sending the country’s crude output plunging, said Wednesday they were not ready to negotiate with the government.

SPIE and Sparrows Group collaborate to support Africa's energy sector

Sparrows Group and SPIE Oil & Gas Services have strengthened their existing service portfolios by signing a global agreement to work in collaboration to support the energy sector.