Africa ///

Africa Oil Corp. acquires shares of Eco Oil & Gas

Africa Oil Corp. today announced that it had acquired 29,200,000 common shares of Eco (Atlantic) Oil and Gas Ltd. for CAD$0.48 per common share.

Sonangol's ex-chair said to leave $2 billion in reserves

Isabel dos Santos, Africa’s richest woman, said Sonangol will be left with a financial reserve of $2 billion after she leaves as chair of Angola’s state-owned oil company.

Africa Oil, Eco announce strategic partnership for exploration in West Africa, Guyana

Africa Oil Corp. has announced that it has entered into a strategic partnership with Eco (Atlantic) Oil and Gas Ltd. for exploration in West Africa and Guyana.

Birth of another LNG giant shows majors' edge over traders

Total SA’s billion-dollar deal to buy liquefied natural gas assets from Engie SA shows how much size matters in the industry.

FPSO lifecycle modeling adds benefits to development offshore West Africa

Leonardo Carpio, Sergio Juan, José María Nougués, Inprocess; Kari Berte Bye, Yinson Production

In a recent FPSO development project offshore West Africa, a lifecycle modeling approach project, ending in a direct-connect Operator Training System with Aspen HYSYS Dynamics, was used for process design and control narrative validation, procedure verification, ICSS check-out, control room operator training and support for FPSO start-up operations.

Halliburton opens new oil and gas training and research center in Nigeria

Halliburton announced today that it worked with the Akwa Ibom state government to inaugurate and open Nigeria’s first oil and gas training center fully-equipped with oilfield operations tools.

Abrado expands into Africa with opening of new partner operations base

Abrado Wellbore Services, a multi-string section milling and wellbore clean-out specialist company, has secured its first projects in the West Africa region.

Eland Oil & Gas provides operational update regarding Nigeria's Opuama field

Eland Oil & Gas PLC, an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, has announced that its joint-venture subsidiary Elcrest Exploration and Production Nigeria Ltd (Elcrest), has successfully handed over the Opuama-7 well to the Opuama field production team and the well is currently flow testing into the production facilities and on to export.

Africa Oil concludes 2017 exploration, appraisal campaign in Kenya

The 2017 exploration and appraisal drilling campaign concluded following the drilling of the Amosing-7 appraisal well. The PR Marriott Rig-46 has been demobilized. Two discoveries were made during the campaign.

Oranto Petroleum to explore South Sudan with BGP

South Sudan’s newest oil and gas entrant Oranto Petroleum has begun its exploration program through an agreement with BGP Inc. South Sudan. The deal comes just eight months after Oranto signed its exploration and production sharing agreement (EPSA) with the government, and kicks off its three-year first exploration commitment period.

Nigerian militants end cease-fire, say oil attacks to restart

A militant group in Nigeria’s southern Niger River delta, whose attacks on oil installations in 2016 cut output to the lowest in three decades, said it ended a self-imposed cease-fire and will resume its violent campaign.

Eni CEO meets with Ghana's president

The President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo, and Eni CEO Claudio Descalzi met today in Accra to discuss Eni’s activities in the country, where operational activities are complemented by programs to enhance access to energy, socioeconomic development, health promotion and development of renewable energy sources.

China Poly to see Ethiopian gas exports by 2019, minister says

China Poly Group plans to start exporting natural gas from Ethiopia’s eastern Ogaden basin by mid-2019 as it continues to explore near the border with Somalia, Petroleum Minister Motuma Mekassa said.

Africa's oil industry needs to harness innovation, technology, PwC says

The oil and gas industry in Africa continues to face market challenges arising from the low oil price, competition for revenue growth and local talent together with new expectations from investors and regulators.

Africa unites to garner investment at Africa Oil Week in Cape Town

The African oil industry met this week to discuss the potential, but also the challenges, that the industry faces as the continent moves towards the commercialization of its huge gas and oil reserves.

SDX Energy spuds KSR-15 development well in Morocco

SDX Energy Inc., the North Africa focused oil and gas company, is pleased to announce the spud of its KSR-15 well on the Sebou area in Morocco.

Sierra Leone makes fourth licensing round pre-announcement

The Director General of the Petroleum Directorate of Sierra Leone (PDSL), Raymond Kargbo, announced at this week’s Africa Oil Week Conference in Cape Town, South Africa, that his country’s Fourth Offshore Petroleum Licensing Round will take place between mid-January and the end-May 2018.

CGG secures contract for multi-client survey of onshore, offshore licenses in Côte d’Ivoire

CGG has been awarded a contract by Côte d’Ivoire’s Direction Générale des Hydrocarbures (DGH) and PETROCI, the national oil company, to acquire with its local partner, Harvex Geosolutions, a multi-client program of gravity, gravity gradiometry and magnetic data over the Republic’s onshore and shallow offshore basins.

Equatorial Guinea takes steps to stem output decline

Equatorial Guinea, OPEC’s newest member, is taking steps to stem the decline in its oil production following the acquisition by Kosmos Energy Ltd. and Trident Energy Management Ltd. of fields currently operated by Hess Corp.

Kosmos Energy picks up assets in Equatorial Guinea as Hess exits

Kosmos Energy will acquire assets from Hess. Additionally, existing investors Tullow Oil and GEPetrol will enter partnership with the new operator. The assets of Hess Corporation in Equatorial Guinea will be acquired by Kosmos Energy, the Ministry of Mines and Hydrocarbons has announced.