Regional News: West Africa

 
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Tullow Oil Confirms Turret Bearing Cover
Friday, September 23, 2016 Tullow Oil plc states that hull and machinery insurance cover has been confirmed for the FPSO Kwame Nkrumah by its reinsurers, following the failure of the turret bearing earlier this year.

Nigeria Lawmakers To Investigate $17B Oil Theft Claim
Friday, September 23, 2016 Lawmakers in Nigeria's lower house of parliament are to investigate whether $17 billion of petroleum and fuel exports were stolen by companies and government agencies.

Gabon Oil Workers To Stay Home Until Final Election Result
Thursday, September 22, 2016 Gabon oil workers will stay at home from Thursday over concerns about potential violence when a court delivers a final verdict on the central African country's disputed election result.

Fourteen Kidnapped Nigerian Oil Workers Freed
Sunday, September 18, 2016 Nigerian police have freed 14 kidnapped oil workers in the restive southern Niger Delta region, which has been hit by a series of militant attacks on oil and gas facilities.

Funding Nigerian Oil Cash Calls From Debt Key For Economy
Friday, September 16, 2016 Nigeria must get out of paying so-called cash calls to joint ventures with oil and gas companies to stand a chance of pulling its ailing economy out of recession, says its Finance Minister.

  


Global Oil Glut Set To Worsen As Nigeria, Libya Fields Restart
Thursday, September 15, 2016 Amid the most enduring global oil glut in decades, two OPEC crude producers whose supplies have been crushed by domestic conflicts are preparing to add hundreds of thousands of barrels to world markets within weeks.

Ophir Says Two Bidders In The Fray For Fortuna Contract
Thursday, September 15, 2016 Oil and natural gas producer Ophir Energy says two consortia were bidding for an engineering contract over the upstream portion of its Fortuna Floating Liquefied Natural Gas platform (FLNG) in Equatorial Guinea.

Pura Vida Outlines Plans for Development of Loba Oil Field Offshore Gabon
Wednesday, September 14, 2016 Pura Vida outlines plans for the development of the Loba Oil Field in the Nkembe block, offshore Gabon.

China CEFC Acquires Stake In Chad Oil Blocks From Taiwan's CPC
Tuesday, September 13, 2016 Privately run CEFC China Energy agrees to acquire a 35 percent stake in oil blocks in Chad from Taiwan's state-owned Chinese Petroleum Corp for about $110 million, according to CEFC company executives.

FMC Wins Subsea Deal for Eni's Block 15/06 West Hub Development off Angola
Wednesday, September 07, 2016 FMC Technologies secures subsea contract from Eni for the Block 15/06 West Hub Development Project offshore Angola.

Nigerian Army Says Arrests Avengers Leader, Other militants
Wednesday, September 07, 2016 Nigeria's military says it has arrested a suspected leader of the Niger Delta Avengers militant group and other men accused of attacking oil and gas infrastructure.

Nigeria's Oil Bill On Hold Due To Delta Unrest
Tuesday, September 06, 2016 A long-awaited bill reforming Nigeria's petroleum industry is effectively on hold until tensions ease in the restive Niger Delta region, the country's oil hub, an influential senator says.

BLOG: Militants Cut Oil Production 17% in Nigeria, Pushing Recession
Wednesday, August 31, 2016 Despite daylong ceasefire, another set of militants attack oil pipelines, compounding problems for the industry, citizens and Nigerian government.