West 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.

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.

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.

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.

Total poised to start exports from new offshore field in Nigeria

Total SA is poised to start exports of crude from a major new offshore field in Nigeria, adding to global supplies at a time when oil prices are plunging.

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.

Shell, Eni face $1.1-billion Nigerian lawsuit over 2011 oil deal

The government of Nigeria is suing Royal Dutch Shell, Eni and other companies for more than $1 billion over a 2011 oil deal it says was tainted by corruption.

Companies in the news

Michele Cowart, World Oil

Companies in the news

Equatorial Guinea: oil producers should ‘stand together’

The Ministry of Mines and Hydrocarbons, representing the Government of Equatorial Guinea, calls for unity among oil producing ahead of this week’s 175th ordinary meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna.

Senegal targets bigger royalties, stakes in new oil code

Senegal is considering raising royalties and taking a bigger stake in oil and natural gas projects as part of the West African nation’s overhaul of its oil code, according to a document obtained by Bloomberg.

Polarcus awarded 3D project in West Africa

Polarcus Limited has received an award for a 3D marine seismic acquisition project in West Africa.

Eni strengthens its presence in Algeria's North Berkine basin

The Chairman and Director General of Algeria’s state oil company Sonatrach, Abdelmoumem Ould Kaddour, and the CEO of Eni, Claudio Descalzi, signed an agreement today that will see Eni take a 49% stake in three oil concessions in the onshore North Berkine basin, located in the Algerian desert.

Eni, Total partner with Sonatrach for offshore exploration in Algeria

The Chairman and Director General of Algeria’s state oil company Sonatrach, Abdelmoumem Ould Kaddour, the CEO of Eni, Claudio Descalzi, and the CEO of Total, Patrick Pouyanné, signed two agreements during the Algeria Future Energy Summit in Algiers today, which include an exclusive partnership for offshore exploration in Algeria.

Nigeria heads out to sea in search of safer future for oil development

When it comes to the future of its oil industry, Nigeria is looking miles out to sea.

FAR Limited spuds Samo-1 exploration well, offshore The Gambia

FAR Limited advises that drilling has commenced on the Samo-1 exploration well in block A2, offshore The Gambia. The Stena Drillmax arrived on site on Sunday, Oct. 21, and after standard pre-drill operations, the well was successfully spudded.