Africa ///

Nigeria's state oil company seeks $4.1 billion to lift output

Nigeria’s state-owned oil company said it’s in talks with financiers to raise as much as $4.1 billion and will seek to sign service deals to increase production from three leases.

Why a Libyan oilfield grab could be a boon or bane for exports

Forces loyal to Libya’s eastern leader Khalifa Haftar have swept into the country’s lawless and oil-rich southern region to expel militants and secure energy facilities.

Airborne Oil & Gas awarded contract by TOTAL in West Africa

Airborne Oil & Gas B.V. has been awarded a contract from TOTAL to supply a TCP (Thermoplastic Composite Pipe) Jumper for a deepwater project in West Africa.

Tullow has published it trading statement & operational update

Tullow Oil plc issues this statement to summarize recent operational activities and to provide trading guidance in respect of the financial year to Dec. 31, 2018.

Companies in the news

Michele Cowart, World Oil

ABB has been awarded an integrated automation, electrification and telecommunication project, valued at $79 million, for the upgrade of Bab onshore field in Abu Dhabi, by CPECC.

China eases back on Mideast, African Oil after buying binge

China’s crude oil purchases from the Middle East and West Africa dropped to a four-month low in December, following a buying binge the previous month that saw the Asian country’s stockpiles swell.

South Sudan restarts oil output at key field halted by conflict

South Sudan resumed production at its Unity oilfields, where operations were halted five years ago when a civil war erupted.

Halliburton President and CEO Jeff Miller appointed as chairman of the board

Halliburton Company has announced its board of directors has appointed Jeff Miller, the company’s president and CEO, as chairman of the board, effective Jan. 1, 2019.

Total starts production from giant Egina field, offshore Nigeria

Total has started up production on Dec. 29, 2018 from Egina field, located in around 1,600 m of water depths, 150 km off the coast of Nigeria.

ExxonMobil, CNPC, Empresa, Kogas and Galp secure offtake commitments for the Rovuma LNG project

Area 4 co-venture participants have secured liquefied natural gas (LNG) offtake commitments from affiliated buyer entities of the partners, a key milestone enabling the participants to rapidly move toward a final investment decision in 2019 on the first phase of the Rovuma LNG project.

Exxon in `bull's-eye' as worst year since Reagan nears end

Things haven’t been this bad for the world’s biggest oil stock since Ronald Reagan became president. But brace yourself, 2019 may not be much better.

BP announces FID for Phase 1 of the cross-border Greater Tortue Ahmeyim development

BP and partners today announced that the Final Investment Decision (FID) for Phase 1 of the innovative cross-border Greater Tortue Ahmeyim development has been agreed.

Deep petroleum industry reforms set Angola on path to growth in 2019

Angola’s economy is set for recovery in 2019, in large part due to a series of regulatory reforms opening the country to new investment.

South Sudan sees $2 billion oil investments as first start

Recent pledges of $2 billion in investment for South Sudan’s oil may be just the start, with the war-torn nation expecting further agreements in early 2019, its petroleum minister said.

Sonangol and BP agree to advance BP’s activities in Angola

Angola’s Sonangol and BP today signed an agreement to progress to final investment decision the development of the Platina field in deepwater Block 18, offshore Angola.

Anglo African Oil & Gas reports well results offshore Congo

AAOG, an independent oil and gas developer, has reported the following update in relation to its TLP-103C well at the Company’s Tilapia license.

Phase 1 of Senegal's SNE development commences FEED activities

Woodside has advised that the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture has agreed to commence front-end engineering and design (FEED) activities following the award of the subsea FEED contract to Subsea Integration Alliance for the SNE Field Development-Phase 1 (SNE development) offshore Senegal.

ExxonMobil and Sonangol sign MoU for Namibe Basin

Sonangol EP and ExxonMobil Corporation, a multinational oil and gas company in the United States, entered into a Memorandum of Understanding (MOU) on Friday, Dec. 14, 2018 at the head office of the Angolan oil company that defines the intention to sign service contracts with risks, for Blocks 30, 44 and 45 of the Namibe Basin.

Wood. reports 2018 pre-close trading update

Our positive trading momentum has continued and our full year results will demonstrate good organic revenue growth.

Eni announces new discovery, start-up, offshore Angola

Eni struck a new oil discovery in the Afoxé exploration prospect located in Block 15/06, offshore Angola.