Regional News: West Africa

 
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Tullow Returns to Profit as Cost Cuts, Hedging Pay Off
Wednesday, July 27, 2016 Africa-focused Tullow Oil returns to profit in the first half of the year despite weaker oil prices and lower production.

Niger Delta Avengers Attack another Pipeline
Monday, July 25, 2016 Nigerian militant group the Niger Delta Avengers claim to have blown up another pipeline, this time at Nsit-Ibom L.G.A. in Nigeria's Akwa Ibom state.

Nigeria's Buhari Says Government Talking to Niger Delta Militants
Thursday, July 21, 2016 The Nigerian government is talking to militants in the southern Niger Delta to end a wave of attacks on oil and gas facilities, President Muhammadu Buhari says.

Nigeria's Qua Iboe Crude Under Force Majeure for at Least a Month
Thursday, July 21, 2016 Exports of Nigeria's largest crude oil stream, Qua Iboe, will remain under force majeure for at least one month while operator Exxon Mobil repairs a leak on the pipeline feeding the terminal.

Low Crude Prices Dim Hopes for Big Revenue Boost from New Ghana Oilfield
Wednesday, July 20, 2016 In the depths of Ghana's fiscal crisis in 2014 policymakers looked forward to a time when a new oil field would open to boost the economy. That time has come but there's a catch: oil prices have halved since the project started.

  


CNR Puts Off Planned Ivory Coast Investment Over Low Oil Prices
Tuesday, July 19, 2016 Canadian Natural Resources is postponing $300-400 million in planned investment on its Ivory Coast offshore blocks pending a rebound in crude prices, its general manager in the West African nation says.

IMF Predicts Nigeria's Economy Will Contract by 1.8% in 2016
Tuesday, July 19, 2016 Nigeria's economy, the biggest in Africa, is likely to contract by 1.8 percent this year, the IMF says, as the country grapples with the impact of low oil prices.

Militants Attack State-Run Nigerian Oil Pipeline
Monday, July 18, 2016 Militants in Nigeria have attacked a crude oil pipeline on the outskirts of Warri, a city in the Niger Delta, which is operated by a subsidiary of the Nigerian National Petroleum Corporation (NNPC), a community leader says.

Marathon Oil Flows First Gas from Alba B3 Platform Off Equatorial Guinea
Friday, July 15, 2016 Marathon Oil commences first gas from the Alba B3 compression platform offshore Equatorial Guinea.

Attackers Blow Up Gas Pipeline in Southwest Nigeria
Thursday, July 14, 2016 A gas pipeline operated by Nigeria's state energy company in southwestern Ogun state has been attacked by men disguised as maintenance staff, local police say.

Woodside Taps into Big Oil Find off Senegal for Growth
Thursday, July 14, 2016 Australia's Woodside Petroleum expands its push into West Africa, agreeing to buy ConocoPhillips' deepwater stakes off Senegal.

Nigerian Oil Union Agrees To Suspend Strike
Wednesday, July 13, 2016 A Nigerian trade union representing oil workers has agreed to suspend a strike that some feared would lead to fuel shortages and disrupt crude production.

Ivory Coast Aims to Double Oil and Gas Output by 2020
Wednesday, July 13, 2016 Ivory Coast aims to roughly double oil and gas output by 2020 as it pushes for foreign investment in offshore exploration, the head of state oil and gas company Petroci says.

Exxon Mobil Says No Attacks At Its Facilities Despite Militants' Claim
Tuesday, July 12, 2016 Exxon Mobil Corp says no attacks had taken place at its facilities after Nigerian militant group Niger Delta Avengers said it had blown up the Qua Iboe 48" crude oil export pipeline operated by the company.

STG Completes Pipelay, Construction Project for Chevron Nigeria
Tuesday, July 12, 2016 Sea Trucks Group (STG) completes a pipelay and construction campaign as part of the Sonam Field Development Project for Chevron Nigeria Ltd.

Savannah Petroleum Expects to Raise Funds to Help Niger Exploration
Friday, July 08, 2016 Savannah Petroleum is expecting to raise around $40 million through placing and subscription activities, which will be used to fund its activities in Niger.

Swiber's EPCIC Work in West Africa Delayed by Industry Slowdown
Friday, July 08, 2016 Swiber Holdings reports a delay in contract work for a $710 million offshore field development in West Africa which is being developed by a Houston-based company.

Militants Blow Up Eni Oil Pipeline In Nigeria
Friday, July 08, 2016 Attackers blow up an oil pipeline in Nigeria's southern Bayelsa state operated by a subsidiary of Italy's Eni.

Nigerian Oil Trade Union Begins Strike on Holiday, Warns of Delayed Effect
Thursday, July 07, 2016 A Nigerian trade union representing oil workers says it has begun a strike, but adds that the effect of its industrial action would not be felt for some time because it started on a public holiday.

Shell Nigeria Lifts Force Majeure on Bonny Light Exports
Thursday, July 07, 2016 Shell's Nigerian division lifts a force majeure on exports of Bonny Light crude oil, the latest sign that Nigeria's oil production is recovering after being hit by militant attacks in its oil-rich delta region.

Tullow Announces $300M Bond Offer
Wednesday, July 06, 2016 Tullow Oil plc announces the launch of an offering of $300 million of convertible bonds, due 2021, which will be used to fund capital investment in the group's assets in West and East Africa.

NDA Denies Pipeline Attack, Suspending Social Network Accounts
Wednesday, July 06, 2016 Nigerian militant group the Niger Delta Avengers denies responsibility for blowing up the NNPC pipeline in Eleme, adds that it is closing all its social network accounts.

Nigerian Militants Say They Blew Up Chevron Well
Tuesday, July 05, 2016 A Nigerian militant group says it has blown up a Chevron Corp well near the Otunana flowstation.

Twin Crises Expose Angola's Failure To Kick Its Oil Habit
Tuesday, July 05, 2016 A month ago, a 17 ton shipment of bananas left Angola for Portugal in what state media heralded as a "first symbolic batch" in the resurgence of a farming sector wiped out by civil war.

Nigerian Militants Say their Only Twitter Account Suspended, Others Fake
Tuesday, July 05, 2016 Nigerian militant group the Niger Delta Avengers said on Tuesday that its only account on microblogging website Twitter is under suspension and all other accounts claiming to represent the group were imposters.

Militants Attack Eni Oil Crew, Kill 2
Monday, July 04, 2016 Unnamed militants attacked a boat transporting Eni workers in the Niger Delta region June 29, killing two, an Eni spokesperson told Rigzone Monday.

Niger Delta Avengers Claim Responsibility for Fresh Oil, Gas Attacks
Monday, July 04, 2016 The Niger Delta Avengers claim responsibility for a series of fresh attacks on oil facilities in the Niger Delta over the weekend.

Nigeria's Oil Minister Replaced As State Oil Company Boss
Monday, July 04, 2016 Nigerian President Muhammadu Buhari replaces Oil Minister Emmanuel Ibe Kachikwu as group managing director of state oil company NNPC as part of a wider board overhaul.