Tullow Oil shares drop 11% over Ghana FPSO issues
Tullow Oil shares slumped by over 11% yesterday after it revealed potential issues with its FPSO in Ghana.
Africa
Woodside boosts acreage in Africa
Woodside Petroleum has added to its exploration acreage in Africa after gaining interests in Senegal and Guinea-Bissau.
Petroceltic completes sale of Egypt assets
Petroceltic has completed the sale of a number of exploration licences in Egypt.
Shell launches investigation into Nigerian oil spill
Oil major Shell has launched an investigation into the source of a crude oil spill observed around water at the Forcados Terminal in Nigeria.
Video: Opportunities abound for North Sea oil and gas companies in Mozambique
The potential opportunities for North Sea oil and gas companies in Mozambique and the surrounding region could be significant, according to a leading expert.
British High Commissioner: Mozambique energy market could help gender inequality
The British High Commissioner to Mozambique said last night she hoped women could benefit from the country's emerging gas industry, as she welcomed the proposed deal with the north-east.
Nigeria recommits itself to boosting 2016 oil production
Nigeria has recommitted itself to meeting its target for the year of boosting daily oil production amid its current challenges.
Buhari’s budget riddled with errors puts graft war in doubt
Nigerian President Muhammadu Buhari’s 2016 budget proposals are riddled with errors and provisions that may undermine his anti-graft war, civic groups say. In some instances, the same purchase of vehicles, computers and furniture are replicated 24 times, totaling 46.5 billion naira ($234 million), 795 million naira is set aside to update the website of one ministry, while no purpose is assigned to a 10 billion naira provision in the education ministry’s spending plan, according to Oluseun Onigbinde, partner and co-founder of BudgIT, a Nigerian group that campaigns for transparency in public spending.
Offshore skills go out to Africa as Mundell pushes Mozambique trade partnership
Scottish Secretary David Mundell will today meet Mozambique’s minister of industry and commerce as he embarks on a drive to push forward a trading partnership with Aberdeen.
Skytron Energy wins African solar power contract
Skytron Energy said it has been selected to fit out one of the largest solar power plants with its technology.
Video: Egyptian oil and gas market open for business
The Egyptian oil and gas market could be an attractive market for North Sea companies looking to expand their business.
GNPC, Quantum Power team up for Ghana LNG facilties
GNPC (Ghana National Petroleum Corporation) and Quantum Power has signed heads of terms for the construction and operation of LNG facilities.
Tanzania finalises land acquisition for LNG plant
Tanzania said it has finalised a land acquisition for the site of a planned LNG plant.
Nigeria puts burden of rebound on fiscal plan as Naira Peg stays
Nigeria’s government is set to carry the burden of boosting the economy as the central bank signaled it won’t ease currency controls that are hurting businesses. President Muhammadu Buhari is seeking to compensate for plunging oil revenue and the slowest growth in 16 years by boosting spending by a fifth to 6.1 trillion naira ($30.6 billion) this year. With Governor Godwin Emefiele on Tuesday resisting pressure to ease foreign-exchange restrictions and devalue the naira, fiscal stimulus may need to take the lead in sparking a rebound.
Kosmos Energy makes significant gas discovery offshore Senegal
Kosmos Energy said it has made a significant gas discovery offshore Senegal.
Angola LNG export project back online
Oil major Chevron said the Angola LNG export project has started recommissioning.
Sound Energy gains further shares in onshore Morocco licence
Sound Energy said it has acquired a further 50% operating interest in three onshore gas permits in Morocco. The company has reached heads of agreement with PetroMaroc after previously announcing an initial 25% interest in the Sidi Moktar licences from Maghreb Petroleum Exploration.
War, ISIS attacks cost $68billion in energy revenues for Libya
Libya’s chairman of the NOC (National Oil Corporation) has claimed more than $53billion of lost revenue from the energy industry has been caused by the country’s Petroleum Facilities Guard (PFG). Figures show the country, which is battling between two different factions for power, has lost more than $68billion since 2013.
Seplat Petroleum boosts production for 2015
Seplat Petroleum has seen its working interest production for last year boosted by more than 40%. The Nigeria and London Stock exchanged firm said its current daily production interest was sitting at around 55,000boepd (barrels of oil equivalent per day) with both its oil and gas rates strong.
MX Oil receives offer for Nigerian interests
MX Oil is considering an offer for Nigerian investment, it confirmed today.
Nigeria plans to sell as much as $1bln of Eurobonds to help huge deficit
Nigeria plans to sell as much as $1 billion of Eurobonds to help fund a record budget deficit this year, Finance Minister Kemi Adeosun said. Officials from Africa’s biggest oil producer plan to hold non-deal roadshows to meet investors and explain the government’s policies to revive economic growth, Adeosun said Friday in an interview at the World Economic Forum in Davos, Switzerland.
IS targets Libyan oil terminal, promises more attacks
ISIS (Islamic State) has attacked installations close to Libya’s Ras Lanuf terminal as it threatened of more attacks in coming days. According to reports from the region, at least two storage tanks from the Harogue Oil Operations company were set on fire near to the country's leading oil terminal.
Chariot Oil & Gas launches seismic study in Nambia
Chariot Oil & Gas has launched its 3D seismic survey offshore Nambia.
Libya oil pipeline hit by explosion
Libya’s National Oil Corp said a major oil pipeline was hit by an explosion.
Aminex strikes deal with Tanzanian government ahead of first gas
Aminex today confirmed it had struck a deal with the Tanzanian government ahead first production form its Kiliwani North gas field.