Romanian engineer kidnapped by gunmen in Niger Delta
Gunmen have kidnapped a Romanian engineer in the Niger Delta, according to reports.
Africa
Kenya says $55 oil needed to make project profitable
Kenya has said it needs the oil price to be no lower than between $50 and $55 a barrel to exploit its reserves at a profitable level.
Exxon is hit with fine from Chad five times country’s GDP
Exxon Mobil Corp. was ordered to pay a record $74 billion fine in Chad for underpaying royalties in the central African nation where the company has been drilling for 15 years, according to a court document.
Africa could become “significant” LNG importer, says Total boss
Africa could become a significant global market for imported liquefied natural gas (LNG) by 2025, according to a senior official at Total.
Eni signs deal on Egypt renewable projects
Eni is said to have agreed to build renewable energy projects in Egypt.
OPEC outcome surprising, industry must focus on “long-term” warn analysts
The oil and gas industry has been urged to focus on long-term change after OPEC members agreed to an output cut at its latest meeting in Algiers.
Militant group claim responsibility for Niger Delta attack
A Nigerian militant group has claimed responsibility for an attack on Thursday on a crude pipeline operated by state-firm NNPC in the Niger Delta.
Nigeria oil asset sale plans could reshape country’s industry
Nigeria’s possible sale of some of its oil and gas assets to raise money and boost the contracting economy in Africa’s most populous country could reduce the government’s influence over its biggest industry.
Victoria Oil and Gas ramps up production 93% in first half
Africa-focused firm Victoria Oil and Gas enjoyed a 93% rise in daily production in the first half of 2016, while sales were up 50%.
Tullow Oil gets insurance cover for Jubilee field FPSO
Tullow Oil said it has received insurance cover for its floating, production, storage and offloading vessel (FPSO) Kwame Nkrumah.
Oil tanker leaves Libyan port for first time since 2014
An oil tanker has left the Libyan port of Ras Lanuf for Italy with the first crude export cargo from the terminal in two years.
Petrofac denies plans to exit Tunisia over protests
Petrofac is remaining tight-lipped on reports it plans to leave Tunisia if protests over jobs continue, according to reports.
Clashes at Libyan oil ports as counter-attack repelled – officials
Eastern Libyan forces said they had reestablished control over two oil ports where an ousted faction launched a counter-attack on Sunday, briefly seizing one of the terminals.
Funding Nigerian oil cash calls from debt key for economy – minister
Nigeria must get out of paying so-called cash calls to joint ventures with oil and gas companies, according to the country's Finance Minister.
Solo Oil boosts coffers through £2m ordinary shares sale
Solo Oil has raised £2million through the issues of ordinary shares in the company.
Lekoil targets 10K barrels a day
Lekoil is ramping up to hit its production target of 10,000 barrels of oil a day.
Tlou shares rise 6% as Africa-focused firm reports on financial year
Shares in Africa-focused Tlou Energy rose 6% today as the firm released its results for the year ended June 30.
Energy consultancy TNEI unveils South Africa office
Energy consultancy and software provider TNEI has unveiled its first office outside the UK.
Nigerian military makes Niger Delta arrests
Nigeria said its military has made an arrest of a suspected leader of the Niger Delta Avengers militant group.
FMC Technologies wins Eni Angola contract
FMC Technologies has won a new contract for work with Eni offshore Angola.
Tlou raises £1.7million for Botswana projects through share placing
Africa-focused Tlou Energy said today it had raised £1.7million through the placement of 31.5million new ordinary shares.
Nigeria slump deepens as economy shrinks 2.1% in second quarter
Nigeria’s economic slump deepened in the second quarter as a declining oil industry weighed on output.
Niger Delta Avengers halt hostilities after months of attacks
A Nigerian militant group which claimed responsibility for a series of attacks on oil and gas facilities has said it has halted hostilities.
ConocoPhillips’ $430m Senegalese asset sale hits snag
Australian exploration firm FAR has intervened in ConocoPhillips’ plans to sell its 35% stake in an oil play off Senegal to Woodside Petroleum for up to $430million.
Tlou renews Botswana pact with project partners
Africa-focused Tlou Energy said today it had renewed an agreement with its project partners for the delivery of a gas-to-power solution for Botswana.