West Africa ///

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.

Nigeria state oil company hasn't explained missing billions

An agency tasked with cleaning up Nigeria’s murky oil industry says even though financial accountability has improved the state oil company still hasn’t explained billions of dollars of missing revenue.

Africa Oil completes investment in Impact Oil and Gas

Africa Oil Corp. has announced that it has completed the previously announced (Feb. 7, 2018) investment in Impact Oil and Gas Limited, a private UK company with exploration assets in South and West Africa.

World of Oil & Gas

Emily Querubin, World Oil

TAG Oil Ltd. (70%), operator of the Puka permit (PEP 51135) in New Zealand’s Taranaki basin, said the Pukatea-1 exploration well was drilled to 10,170 ft, MD, encountering variable hydrocarbon shows.

Equatorial Guinea energy outlook takes a double hit this week

OPEC member Equatorial Guinea suffered a double blow this week to its ambition of revitalizing its energy industry.

Ex-exec at Sonangol denies any wrongdoing at state firm

Isabel Dos Santos, the billionaire fired as chairwoman of Angola’s state oil company last year, denied any wrongdoing in the transfer of $38.2 million from the company.

ExxonMobil pursues Ghana’s deepwater exploration acreage

Analysis of Ghana’s upstream oil and gas industry shows that the country currently has 21 licensed blocks, of which 14 are in the ultra-deepwater terrain, five are in shallow water, and two in deepwater, according to GlobalData, a leading data and analytics company.

Oil-rich Nigeria's fuel scarcity weighs on Buhari's popularity

Lines of cars and trucks snaking around blocks in the center of the Nigerian capital, Abuja, highlight the state’s failure to fix a problem that’s bedeviled Africa’s biggest oil producer for decades: fuel shortages.