West Africa ///

Equatorial Guinea announces winners of EG Ronda 2019 bidding round

Officially launched in April, the round received interest from 53 international and national companies, with 17 companies submitting official bids and seven companies awarded concessions for nine blocks.

Springfield E&P completes maiden deepwater campaign offshore Ghana

Springfield E&P announced the completion of its maiden deepwater drilling campaign on the West Cape Three Points Block 2, offshore Ghana.

Equatorial Guinea launches ‘Year of Investment 2020’ campaign

Under the auspices of the Ministry of Mines and Hydrocarbons and supported by the African Energy Chamber, “Equatorial Guinea 2020 Year of Investment” is aimed at attracting foreign direct investment.

Enpro Subsea completes latest subsea enhanced production campaign in Ghana

Enpro Subsea has recently completed another two successful subsea hydraulic intervention campaigns for two operators in West Africa.

Senegal to offer 10 offshore blocks in 2020 license round

Senegal’s MSGBC basin is home to several recent high-profile oil and gas discoveries, set in a variety of play types, both on and off the carbonate shelf.

3-TECH launches mobile training solution to help fuel Africa’s economic growth

Designed to help African countries train local people quickly in industrial skills such as construction, working at height, rigging and more, the mobile centers come fully-fitted with internal training spaces tailored to the needs of local employers.

Ivory Coast kicks off offshore license round

Ivory Coast wants more explorers for oil and gas as it seeks to boost economic growth, according to Energy Minister Abdourahmane Cisse.

RussellSmith picks Saab Seaeye ROV for Africa operations

“The Cougar is an ideal choice,” says RusselSmith CEO, Kayode Adeleke. “It is a powerful, highly maneuverable and capable ROV and we believe it will add a lot of value to our deepwater operations.”

Kosmos makes new oil discovery offshore Equatorial Guinea, says minister

The S-5 well was drilled to a depth of 4,400 meters and encountered 39 meters of net oil play in the Santonian reservoir in the offshore Rio Muni Basin, the Ministry of Mines and Hydrocarbons said in an emailed statement.

LUKOIL signs exploration MOU with Equatorial Guinea

The memorandum lays the basis for LUKOIL’s potential participation in projects to explore and produce hydrocarbons in Equatorial Guinea.

Africa’s biggest crude producer remains stuck on imported fuels

Over the past 12 years, Nigeria tried and failed four times to crank up its aging and unprofitable crude-processing plants.

Nigeria isn’t crossing its fingers on $62 billion profit-sharing claim

Nigeria does not expect that it would get all of the $62 billion claim made against international oil companies in a dispute over sharing of profits from deepwater wells.

Seplat to buy Eland as it pursues top spot among Nigeria E&Ps

The deal highlights how the retreat of some oil majors in recent years is allowing independent players to grow.

Nigeria, oil majors start talks to end $62 billion dispute

Nigeria began preliminary talks with international oil companies to settle a dispute over revenue. The government, citing a 2018 Supreme Court ruling, says it’s entitled to $62 billion from the companies after they failed to comply with a 1993 law that hands the state a greater share of income when oil exceeds $20/bbl.

Cameroon delegation visits LAGCOE to seek out industry expertise

A delegation of 20 companies from Cameroon visited LAGCOE this week, seeking industry expertise and investment dollars to meet the West African nation’s growing energy challenges.

U.S. Ambassador hosts Angolan delegation to explore joint E&P opportunities

U.S. ambassador to Angola, the Hon. Nina Maria Fite, hosted a delegation of top Angolan oil and gas officials to explore opportunities for the two nations to collaborate on the next phases of Angolan energy development.

Nigeria demands $62 billion from oil majors for past profits

Nigeria is seeking to recover as much as $62 billion from international oil companies, using a 2018 Supreme Court ruling the state says enables it to increase its share of income from production-sharing contracts.

OPEC is prepared to make deeper cuts if needed, Nigeria says

“Everybody agrees in OPEC that we need to stabilize the market. We cannot allow prices just to plummet,” Nigerian Minister of State for Petroleum Resources Timipre Sylva said.

Equatorial Guinea launches 2020 investment agenda with the African Energy Chamber

Supported by the African Energy Chamber, the Year of Investment 2020 is an initiative of the Ministry of Mines and Hydrocarbons to pursue Equatorial Guinea's agenda of energy cooperation and investment, and see the signing of several energy deals in 2020.

Angola publishes bid round rules for 10 frontier blocks

The nine blocks on offer in the Namibe basin include—11, 12, 13, 27, 28, 29, 41, 42 and 43. The single block on offer in the Benguela Basin is block 10. All are considered frontier and currently have no hydrocarbon production.