West Africa ///

Republic of Congo announces promotion of License Round Phase 2

The Ministry of Hydrocarbons of the Republic of Congo has announced the promotion of the Congo-Brazzaville License Round Phase 2 2018/19 at Africa Oil Week, Nov. 5-9, 2018.

Kenyan parliament approves oil law setting out revenue sharing

Kenyan lawmakers approved a new law that sets out how revenue from future oil production will be shared.

Ghana to buy contracts to protect it from high oil prices

Ghana will buy contracts to protect it from higher oil-product prices in the third quarter as the West African nation seeks to curb volatility in what consumers pay at the pump amid rising costs of the fuel in international markets.

Africa oil giant needs $12 billion to avoid missing LNG boat

On a tropical island just off the coast of Nigeria, hundreds of engineers work around the clock to produce liquefied natural gas at a plant the size of Lower Manhattan.

Shell says Nigeria attacks persist even as oil output recovers

Nigeria’s oil wells may be flowing again, but the country’s largest operator says attacks continue to put a brake on output.

Victoria Oil & Gas increases reserves estimates for Logbaba field in Cameroon

Victoria Oil & Gas Plc, the Cameroon based gas and condensate producer and distributor, has provided the following update, based on internal estimates, on the reserves position for Logbaba field in Cameroon.

Total takes FID for Zinia 2 development offshore Angola

Total and its partners have taken the final investment decision to launch the Zinia 2 deep offshore development in Block 17, 150 km offshore Angola.

More pain may come for Nigeria's loss-making oil behemoth

It’s meant to be a cash cow, but the state oil company of Africa’s biggest producer is bleeding money.

Panoro Energy announces results of Tortue appraisal well, offshore Gabon

Panoro Energy has announced the successful drilling of the DTM-3 appraisal well located at Tortue field, within the Dussafu License, offshore Gabon.

Ophir enters farm-out deal with Kosmos for exploration license in Equatorial Guinea

Ophir announces that it has entered into a farm-out agreement with Kosmos Energy covering the EG-24 exploration license in Equatorial Guinea.

Eni completes ramp-up of production at Ochigufu field, offshore Angola

Eni has completed the ramp-up of Ochigufu field, in Angola’s deep offshore, reaching the production plateau of 24,000 bpd less than two months from start-up.

SDX Energy reports gas discovery on Lalla Mimouna permit in Morocco

SDX Energy Inc., the North Africa focused oil and gas company, has announced that a conventional natural gas discovery has been made at its LMS-1 exploration well on the Lalla Mimouna permit in Morocco (SDX 75%).

ION commences new 2D multi-client program offshore West Africa

ION Geophysical Corporation has announced acquisition began on a new 2D multi-client program offshore Ghana in partnership with Geoex and Ghana Geophysical. ION and its partners will acquire up to 7,200 km of data in advance of the license round anticipated in late 2018 to help refine understanding of the hydrocarbon potential of the area.

OPEC cuts may go deeper as another member sees output slump

While plunging output in Venezuela captures the oil world’s attention, problems are quietly festering in another OPEC nation.

Panoro Energy reports successful completion of first production well at Tortue

Panoro Energy has announced the successful drilling and completion of the first development well, DTM-2H, in Tortue field, within the Dussafu PSC, offshore Gabon.

Harbour Energy seeks Santos growth with $10.3-billion offer

Harbour Energy CEO Linda Cook said she would seek to expand Santos in Asia and Africa after making a $10.3 billion offer for Australia’s third-largest energy producer.

Shell suspects ex-executive committed crime in Nigeria deal

Shell referred a former vice president for sub-Saharan to the Dutch authorities, suspecting he may have committed crimes related to an asset sale in Nigeria.

Shell, Eni misled Nigeria on oil spills, Amnesty says

Royal Dutch Shell Plc and Eni SpA may have misled regulators in Nigeria by wrongly attributing oil spills to theft and sabotage in order to avoid paying compensation to affected communities, rights group Amnesty International said.

Chariot Oil & Gas begins drilling Rabat Deep 1 well in Morocco

Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, has commenced drilling on the Rabat Deep Permits in Morocco.

Wood secures three contracts with Woodside in Senegal

Wood has been awarded three contracts to perform subsea and flow assurance studies for Woodside in Senegal, West Africa, supporting the proposed SNE Field Development in the Rufisque, Sangomar and Sangomar Deep Offshore blocks located offshore Senegal.