Africa ///

BP acquires interest in Kosmos Energy assets offshore Senegal

Kosmos Energy announced today that it has received government approval and completed its previously announced transaction with BP in Senegal.

Executive director at Soma Oil & Gas resigns, accepts role as Somalia Prime Minister

Soma Oil & Gas has announced the resignation of Hassan Khaire, executive director for Africa, so he can accept the honor of serving his country of origin, Somalia, as its Prime Minister.

Harvest Natural Resources authorizes sale of Gabon interests, company dissolution

Harvest Natural Resources, Inc., has announced that the Company's stockholders have authorized the sale of all Gabon interests to BW Energy Gabon Pte. Ltd, a private Singapore company (BW Energy Gabon).

Panoro Energy announces $12-million sale and purchase agreement for Dussafu PSC, Gabon

Panoro Energy ASA has announced that on Feb. 21, 2017, its fully-owned subsidiary, Pan-Petroleum Gabon B.V. (“PPGBV”), has entered into a definitive sale and purchase agreement (SPA) with BW Energy Gabon Pte. Ltd.

Fugro Discovery to commence frontier seeps survey offshore Kenya

Fugro has been awarded a contract by Shell/BG Kenya for the execution of a seabed survey to detect natural leakages of hydrocarbons. The seeps survey complements a seismic exploration program that was completed recently offshore Kenya.

LEKOIL to ramp up production with start of continuous flow at Otakikpo field, Nigeria

LEKOIL, the oil and gas exploration and development company with a focus on West Africa, is pleased to announce that oil is flowing at Otakikpo field to onshore storage tanks, where it will be evacuated upon completion of the offshore pipeline.

Sound Energy commences drilling of third Tendrara well in Morocco

Sound Energy, the African and European focused upstream gas company, is pleased to confirm the commencement of drilling at the third Tendrara well, onshore Morocco.

Eni, BP pouring more investment into Egypt than anywhere else

Eni SpA will start producing from the giant Zohr natural gas field off Egypt’s Mediterranean coast by the end of 2017 and plans to invest $10 billion in the North African country over the next five years, CEO Claudio Descalzi said.

Nigeria loses up to $100 billion in revenue as attacks cut oil

Nigeria said it lost out on as much as $100 billion in revenue last year as attacks by militants in the oil-rich Niger Delta cut crude output to a record low.

Nigeria to generate $16.4 billion through asset sales

Nigeria plans to generate as much as $16.4 billion through asset sales in the next four years to reduce the burden on the public budget, a Budget Ministry document showed.

Eni starts production of the East Hub Development Project, offshore Angola

Eni has started production of the East Hub Development Project, in Block 15/06 of the Angolan deep offshore, ahead of development plan estimates and with a time-to-market among the best in the sector.

Nigeria's struggle to boost oil output a good sign for OPEC

Nigeria’s progress in curbing militant attacks hasn’t much boosted its oil output. While that’s bad news for a country mired in its worst economic slump in 25 years, it’s making life easier for fellow OPEC members.

Security boosted at oil fields to raise South Sudan output

South Sudan said it boosted security at oil installations and will source electricity from neighboring Sudan to resume output at two fields in efforts to restore production to levels achieved before the country descended into civil war.

Qatar Petroleum hunts for gas abroad as local growth hits limit

Qatar Petroleum is exploring for oil and gas in Cyprus and Morocco as part of a strategy to expand the tiny Gulf emirate’s global energy investments.

Eni's John Agyekum Kufuor FPSO prepares to set sail for Ghana

Eni announces that the naming ceremony of the John Agyekum Kufuor floating production, storage and offloading (FPSO) vessel was held today in Singapore.

West African oil floods to Asia in latest sign of OPEC’s impact

West African oil producers will next month send the most crude to Asia in at least five years, the latest sign of how refineries in the world’s biggest demand region are scouring the world to replace supplies cut by OPEC’s Middle East producers.

Government tells Shell, Eni to temporarily cede oil field control

A Nigerian court has ordered Royal Dutch Shell Plc and Eni SpA to cede control of a jointly owned oil license to the government amid an investigation into how they purchased the asset.

Equatorial Guinea keen to join OPEC in 2017, agrees to production cuts

The Ministry of Mines and Hydrocarbons of Equatorial Guinea has announced that it has submitted its interest to join the Organization of Petroleum Exporting Countries (OPEC) in 2017.

Tullow makes new oil discovery in Kenya

Tullow Oil’s Erut-1 well in Block 13T, northern Kenya, has discovered a gross oil interval of 55 m with 25 m of net oil pay at a depth of 700 m.

Egyptian gas market sees seasonal surplus, says Wood Mac

Egypt's gas market is poised to undergo profound changes in the next five years, and these could have an impact on the global LNG market, seeing Egypt position itself as a prominent seasonal player, research from global natural resources consultancy Wood Mackenzie shows.