Africa ///

Tullow makes new oil discovery in Kenya

Tullow Oil’s Erut-1 well in Block 13T, northern Kenya, has discovered a gross oil interval of 55 m with 25 m of net oil pay at a depth of 700 m.

Egyptian gas market sees seasonal surplus, says Wood Mac

Egypt's gas market is poised to undergo profound changes in the next five years, and these could have an impact on the global LNG market, seeing Egypt position itself as a prominent seasonal player, research from global natural resources consultancy Wood Mackenzie shows.

Nigeria oil union suspends strike after accord with companies

Nigeria’s blue-collar oil union suspended a planned three-day warning strike that began Wednesday after the government brokered a deal between workers and oil companies, including units of Chevron Corp. and Exxon Mobil Corp.

Total to acquire additional interest in Uganda Lake Albert project

Total and Tullow have entered into a package agreement under which Total will acquire an additional 21.57% interest from Tullow in the Uganda Lake Albert oil project. Following this transaction, Total will hold a 54.9% interest, strengthening its position in this competitive project and paving the way for a project sanction in the near future.

Shell pipeline fire threatens to deepen Nigerian oil output drop

Royal Dutch Shell shut the Trans Niger oil pipeline after a fire, threatening to worsen a drop in Nigerian output due to unplanned disruptions.

VAALCO Energy restores production from Avouma 2-H, offshore Gabon

VAALCO Energy, Inc. has announced that the Avouma 2-H well on the Avouma platform offshore Gabon is back on production after utilizing a hydraulic workover unit to replace a failed Electric Submersible Pump (ESP) system.

Ophir Energy concludes drilling offshore Tanzania

Ophir and its JV partners, BG Tanzania (Shell) and Pavilion Energy, have concluded the drilling of two exploration wells offshore Tanzania, safely and on time.

Algeria’s Sonatrach to boost output 20% with new projects

Algeria’s state energy producer Sonatrach Group plans to increase output of natural gas and crude oil by 20% in the next four years as new projects start up, Salah Mekmouche, the company’s V.P. of exploration and production, said.

Penspen forms alliance with Nigeria’s Crestech Engineering

Penspen, a provider of engineering and project management services, has signed a strategic alliance agreement with Nigerian engineering firm Crestech.

BP builds gas empire with $916 million purchase from Kosmos

BP agreed to buy stakes in West African licenses held by Kosmos Energy for $916 million as the British producer builds its natural-gas business following an acquisition in Egypt last month.

New president of Chevron Africa and Latin America E&P named

Chevron Corporation has named Clay Neff as president of Chevron Africa and Latin America Exploration and Production, effective Jan. 1, 2017.

CGG delivers final preSDM data sets for Gabon south basin multi-client survey

CGG announced that the final processed depth volumes (Kirchhoff and RTM PreSDM) from the company's recent 3D BroadSeis multi-client survey in the highly prospective Gabon South Basin are now available for license.

Total to operate Ivory Coast re-gasification project

The CI-GNL (Ivory Coast LNG) consortium led by Total has been awarded the rights to build and operate a liquefied natural gas (LNG) re-gasification terminal in Ivory Coast with a capacity of 3 mtpa.

Nigerian oil misses goals after legal gridlock deters investors

When OPEC exempted Nigeria from its plan to cut oil output for the first time in eight years, it highlighted how far Africa’s biggest producer has fallen.

Libyan oil production shows signs of continued gains: Wood Mac

Wood Mackenzie's latest study on Libya's oil production shows the country's output has doubled from 300,000 bopd in early September to close to 600,000 bopd today, adding to the global oil supply glut.

Eni approves investment for Mozambique’s Coral FLNG development

Eni has authorized the investment for the first phase of the Coral South project. The Coral discovery lies offshore Mozambique in the deep waters of the Rovuma basin (Area 4).

Wildcatters flee African deep water to weather oil rout

Drillers burned by a two-year slump in crude prices are slowing exploration of deepwater prospects off the coast of Africa, undermining a key driver of growth on the continent.

Nigeria reaches $5.1-billion debt settlement with oil majors

Nigeria reached a $5.1-billion settlement to reimburse foreign oil companies, including Exxon Mobil CNigeria orp. and Royal Dutch Shell Plc for past operating costs.

Exxon in negotiations with Chad about $74-billion penalty

Exxon Mobil Corp. is negotiating with Chad’s government about a record $74-billion fine the oil company was told to pay last month by a court in the central African nation because of a dispute over royalties.

Tullow, Total Uganda oil exports may delay on infrastructure

Output from Ugandan crude deposits being developed by companies including Tullow Oil and Total is unlikely to be exported as soon as the nation expects because of the scale of the infrastructure projects required to transport the fuel out of the country.