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Regional News: West Africa

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Seabird's Northern Explorer Bags LOI for 2D Seismic Survey in West Africa
Tuesday, January 20, 2015 Seabird's Northern Explorer clinches a letter of intent for 2D seismic survey in West Africa.

Eni Gets 3-Year Exploration Extension for Block 15/06, Angola
Monday, January 19, 2015 Italy's Eni obtains a three-year extension to the exploration period for its Block 15/06 concession, offshore Angola.

Tullow Slashes Exploration Budget
Thursday, January 15, 2015 Tullow cuts its exploration budget to just $200 million as it battles to respond to the collapse in the price of oil.

SBM Receives Formal Production Readiness Note for N'Goma FPSO
Thursday, January 15, 2015 SBM Offshore receives formal Production Readiness Note for N'Goma FPSO, which is operating for Eni in the West Hub development project in Block 15/06 offshore Angola.

Northern Offshore Issues Notice to Terminate Contract for Energy Searcher
Tuesday, January 13, 2015 Northern Offshore issues notice to terminate contract with a CAMAC's affiliate for the Energy Searcher drillship.

Eland Secures Credit to Fund Opuama Field Development
Thursday, January 08, 2015 Eland Oil & Gas arranges a new credit facility for up to $75 million that will help it fund the development of the Opuama field, offshore Nigeria.

Shell to Pay Out $83M to Settle Nigeria Oil Spill Claims
Wednesday, January 07, 2015 Shell will pay out $83.4 million in compensation for two oil spills in Nigeria in 2008 after agreeing a settlement with the affected community.

Total Completes Ofon Field Flare Out
Wednesday, January 07, 2015 France's Total reports the completion of the flare out of the Ofon field, offshore Nigeria.

Eni Starts Production At Nene Marine Field In Congo
Monday, January 05, 2015 Eni starts production at the Nene Marine Field in the Republic of Congo only 16 months after making the discovery.