Drilling under way on Oyo well in Nigeria, Erin says
Erin Energy said today it had started drilling the Oyo North West well off Nigeria.
Africa
Exxon signs contracts for three blocks off Mauritania
US oil major ExxonMobil has signed production sharing contracts with the government of Mauritania for three deepwater offshore blocks.
Gulfsands shares drop as Morocco exit threatens penalties
Gulfsands Petroleum's shares dropped 6% to 5.88p in London in early trading after the firm announced its decision to back out of Morocco.
Eco Atlantic applies for Namibian drilling permit
Exploration and production company Eco Atlantic has cleared another hurdle on its way to drilling a well off the coast of Namibia.
Tullow to restart drilling on TEN fields after tribunal ruling
Tullow Oil said today that it would look to restart development drilling on the TEN fields in Ghana following a tribunal ruling.
Tests prove Tortue well is world class, Kosmos says
Kosmos Energy said today that tests on the Tortue-1 well prove that the discovery off West Africa is "world class".
Tullow books hefty pre-tax losses due to low crude prices, impairment charges
Lower crude price forecasts and a large impairment charge on its TEN fields offshore Ghana drove UK-based Tullow Oil to pre-tax losses of £398million in the first half of 2017.
Ophir says job cuts will save $12m a year
Ophir Energy said today that it would save $10-$12million a year by laying off 15% of its global workforce.
FAR in arbitration against Conoco over sale of Senegal stake
FAR Limited has asked for arbitration proceedings to be commenced to resolve a row over assets offshore Senegal.
New Age splits top-order roles in reshuffle
New Age has separated the roles of chairman and chief executive in a top-order shake-up.
Eland raises £15.2m to speed up drilling
Eland Oil and Gas said last night it had raised £15.2million from a sale of new shares in the north-east company.
Eland boosted by oil recovery mark-up on Nigeria asset
Africa-focused Eland Oil and Gas today revealed that it could recover 22.6billion barrels more from four of its Nigerian wells than first thought.
Eland secures $24million borrowing base for Nigeria projects
West-Africa-focused Eland Oil and Gas said today that it had secured a borrowing base of $24million following a review with its lender.
Rig-switch boosts Savannah’s Niger drilling plans
Africa-focused Savannah Petroleum said today that a last minute rig switch had boosted its onshore drilling campaign in Niger.
Oranto to invest $500m in vast Sudanese oil field
South Sudan’s government said it granted Oranto Petroleum International Ltd. a license to explore for oil in a block covering three states in the East African nation that may contain “vast” deposits of oil.
Tlou reveals 44% upgrade to gas reserves in Botswana
London-listed Tlou Energy today announced a large increase in gas reserves at two fields in Botswana.
CNR’s Ivory Coast workers strike over employment conditions
Union chiefs representing workers at Canadian Natural Resources' Baobab and Espoir oil and gas fields in Ivory Coast have launched a 72 hour strike.
GE proposes investment in Nigerian oil refineries
General Electric has proposed investing in Nigeria's oil refineries.
Bowleven takes swipe at activist investor’s power play
Scottish oil explorer Bowleven yesterday accused an activist shareholder of mounting a “blatant attempt” to gain control of the business.
Widow of executed activist wins access to documents in claims against Shell
The widow of an activist executed after protesting against oil major Shell's oil production in Nigeria has won access to legal documents.
Troubled Nigerian loans seen spiking before economic rebound
Access Bank Plc is predicting that the level of troubled loans in Nigeria will continue to climb before an economic recovery in the second half of the year brings relief to the country’s lenders.
Shell High Court battle looms, could trigger further cases against multinationals
A court in London will decide in coming weeks whether Shell can face trial in the UK over oil spill allegations in Nigeria.
Nigerian oil labour union suspends Total fuel depot strike
A Nigerian oil labour union has suspended a strike at Total's fuel depot after an an agreement was reached to end a row over sackings, according to a union official.
EV Insights: Militant group in dozens of attacks on Niger Delta oil assets
A militant group emerged in 2016 calling itself the Niger Delta Avengers in the West African country.
Impact raises $12.3m for offshore Africa surveys
Africa-focused Impact Oil and Gas said today that it had raised $12.3million through an underwritten open offer.