Africa ///

Anadarko may sign Mozambique gas-supply deals in coming months

MAPUTO, Mozambique (Bloomberg) -- Anadarko Petroleum Corp. may soon close sales accords, enabling it to this year authorize a Mozambican project that has the potential to make the nation a top-three liquefied natural gas exporter, a company official said.

VAALCO brings Gabon's Etame 12-H well online

VAALCO Energy has announced first production from Etame 12-H, a development well drilled from the Etame platform offshore Gabon.

WorleyParsons wins Equatorial Guinea Block R Project work from Ophir

WorleyParsons has inked an agreement with Ophir Equatorial Guinea Ltd. for the provision of engineering and project management services for their Equatorial Guinea Block R Project—the Fortuna Project.

Companies in the news

Steven McGinn, World Oil

Companies in the news

Libya’s biggest oil port may reopen, as groups vie for buyers

Libya’s biggest oil port may reopen in two weeks, as fighting in the area recedes amid increasing competition between the divided North African nation’s rival governments for the control of crude exports.

African oil producers seek production cut, start initiative

The African Petroleum Producers Association, which represents oil and gas producers from Algeria to South Africa, called for a cut in oil output globally.

Saipem, Dangote announce JV in Central and West Africa

Saipem has entered into a JV with Dangote Group to create a new company named Saipem Dangote E&C.

Hercules Offshore announces five-year contract for Hercules 260

HOUSTON -- Hercules Offshore has signed a five-year contract with a subsidiary of Eni S.p.A. for use of the Hercules 260 in West Africa.

Total awards $100-million Moho Nord contract to Fugro

Fugro has been awarded a five-year contract with an estimated value of $100 million by Total E&P Congo. The agreement is for ROV services and remote subsea tooling in the Moho Nord field, situated around 75 km off the coast of Pointe Noire in the Republic of Congo.

Apache reports strong results from discoveries in Egypt's Western Desert

Apache Corp. has reported strong appraisal- and development-drilling results from Egypt following the discovery of two new oil fields in the Western Desert.

VAALCO Energy strikes out offshore Angola

VAALCO Energy’s post-salt Kindele-1 well, its first exploration well on Block 5 offshore Angola, was drilled to a total vertical depth of approximately 1,829 m, the company confirmed Monday. The objective reservoir, the Mucanzo sand formation in the Pinda Group section, was found to be water-bearing and the well is in the process of being plugged and abandoned.

Total completes $1 billion of onshore divestments in Nigerian blocks

Total has completed the divestment of its stake in onshore Oil Mining Lease (OML) 29 to Aiteo Eastern E&P, a Nigerian company, for $569 million. Together with the recently completed divestments of OML 24 and OML 18, Total’s share of sale proceeds from these three onshore Nigerian blocks amounts to over $1 billion.

Statoil makes eighth discovery in Tanzania's Block 2

Statoil's Mdalasini-1 exploration well has resulted in a new natural gas discovery offshore Tanzania, the Stavanger-based company reported Monday.

Schlumberger unit to pay $233 million in Iran, Sudan sanctions case

Schlumberger Oilfield Holdings Ltd., a wholly owned subsidiary of Schlumberger Ltd., has agreed to enter a guilty plea and to pay a $232,708,356 penalty to the U.S. for conspiring to violate the International Emergency Economic Powers Act by willfully facilitating illegal transactions and engaging in trade with Iran and Sudan.

ION expands West African data library with acquisition of NamibiaSPAN

ION Geophysical has announced the completion of the seismic acquisition stage of the company's NamibiaSPAN program, which extends the full length of Namibia's offshore continental margin.

Shell completes sale of OML18 in Nigeria

Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell, has completed the sale of its 30% interest in OML 18 and related facilities in the Eastern Niger Delta.

Sonardyne Fusion 6G chosen for Moho Nord field development

YATELEY, United Kingdom -- Sonardyne International Ltd. has been awarded a multi-million pound contract by UTEC, an Acteon company, to supply Fusion 6G acoustic positioning technology for the Moho Nord subsea project, 75 km off the coast of Congo.

Mubadala Petroleum to evaluate hydrocarbon potential offshore Morocco

Mubadala Petroleum has signed an agreement with Morocco’s Office National des Hydrocarbures et des Mines (ONHYM) to carry out an evaluation of the hydrocarbon potential of a large area offshore Morocco’s Mediterranean coast.

NewAge assumes operatorship of Etinde field, offshore Cameroon

LONDON -- NewAge (African Global Energy) Ltd. has taken over operatorship, from Euroil (a subsidiary of Bowleven plc), of the Etinde Exploitation Authorization Area, formerly Block MLHP7, offshore Limbe in southwest Cameroon.

Algeria seeks global oil producers’ accord to halt price decline

Algeria is seeking to coordinate a global response from oil-producing nations to tumbling prices, Algeria Press Service reported, citing Energy Minister Youcef Yousfi. Crude fell to a six-year low in New York on Monday.