West Africa ///

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.

Ghana weighs locking in oil prices to keep lid on inflation

Ghana may start locking in future prices for oil and petroleum imports from the end of March as it seeks to contain inflation, said Finance Minister Ken Ofori-Atta.

Halliburton facilities, business lines first in Angola to achieve API Q2 registration

Halliburton announced today that its Angolan facilities, Luanda – SONILS base, which incorporates the Cabinda – Malembo base and Soyo – Kwanda base facilities, and all of the company’s product service lines in those locations have received the American Petroleum Institute (API) Specification Q2 Registration.

Danos completes offshore facility turnaround in Equatorial Guinea

Danos has successfully completed a turnaround comprising four client offshore facilities in Equatorial Guinea.

Japaul Nigeria to receive $350-million funding from Milost

Japaul Oil & Maritime Services Plc, a Nigerian oil-services company, said it signed an agreement with private equity firm Milost Global Inc. for $350 million in shares and loans for business expansion.

Africa's top oil producer poised to give OPEC an output headache

Add independent Nigerian drillers to the list of oil producers itching to supply more crude at a time when OPEC and allies like Russia are trying to restrict output and prop up prices.

Major milestone achieved for BP-operated Tortue/Ahmeyim gas project

BP today confirmed that a key agreement between the governments of Mauritania and Senegal, which will enable the development of the BP-operated Tortue/Ahmeyim gas project to continue to move towards a final investment decision, has been signed by the two governments.

Sound Energy announces eight-year Sidi Moktar petroleum agreement

Sound Energy, the Morocco focused upstream gas company, has announced the award of an eight-year petroleum agreement relating to the area currently covered by the Sidi Moktar onshore exploration permits in the Essaouira basin, central Morocco (Sidi Moktar).

Enpro Subsea wins frame agreement, supporting Tullow Oil in West Africa

Production optimization specialist company Enpro Subsea has been awarded a frame agreement contract to support leading multinational exploration and production (E&P) company Tullow Oil as part of the operator’s strategic activities in Ghana.

ICON delivers its first field development work in West Africa

Australian offshore engineer, ICON Engineering, has delivered its first field development work in West Africa, supporting the planning for a wellhead platform and processing facilities.

Bowleven contracts jackup rig for Etinde appraisal in Cameroon

Bowleven, the Africa focused oil and gas exploration group traded on AIM, is pleased to announce a key milestone in the appraisal drilling campaign of its Etinde asset, in which the Company holds a 25% offshore interest.

Nigeria can't rely on rising oil prices, finance minister says

Africa’s top oil producer is learning to ignore crude prices, Nigeria’s Finance Minister Kemi Adeosun said.

Enpro Subsea receives PE funding for development of production, intervention technologies

Enpro Subsea has secured investment from EV Private Equity (EV) to grow its production optimization business into new and existing international markets and further develop its range of production optimization and intervention technologies.

ExxonMobil acquires exploration, production rights for Ghana's Cape Three Points

ExxonMobil today announced that it has signed a petroleum agreement with the government of Ghana to acquire exploration and production rights for the Deepwater Cape Three Points block.

Nigeria moves closer to energy overhaul with new oil bill

Nigeria’s House of Representatives passed a bill governing the country’s energy sector after the Senate did so in May, taking Africa’s top oil producer one step closer to a much-awaited overhaul of the key industry.

CGG, SNH promote Cameroon's 2018 Licensing Round

CGG has announced that it has an agreement with Société Nationale des Hydrocarbures (SNH), the National Oil and Gas Company of Cameroon, to promote enhanced multi-client E&P data packages and interpretative products, in support of Cameroon’s 2018 Onshore & Offshore Licensing Round opened and conducted by SNH for eight free blocks on offer, located in sedimentary basins offshore and onshore Cameroon.

Nigeria's Shoreline in $530-million deal to boost oil output

Shoreline Group, a Nigerian oil producer, plans to almost double its crude output after agreeing a $530-million finance deal with Vitol Group and local lenders.

SDX Energy spuds fifth development well on Sebou permit in Morocco

SDX Energy Inc., the North Africa focused oil and gas company, has spud its ONZ-7 development well on the Sebou permit in Morocco.

Morocco to tender for $4.6-billion natural gas project

Morocco, which depends on imports for almost all of its energy needs, will soon tender for companies to build a $4.6-billion natural gas project, Energy Minister Aziz Rabbah said.