Regional News: West Africa

 
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Ophir Ends Talks with Schlumberger over Fortuna LNG Project
Friday, April 29, 2016 Ophir Energy has ended talks with Schlumberger over the Fortuna LNG project, after the parties hit stumbling block on terms agreed in January.

Eland to Raise Funds for Gbetiokun-1 Well in Nigeria
Friday, April 29, 2016 Eland Oil & Gas plc aims to raise approximately $15 million through a placing of its shares in order to fund operations at the Gbetiokun-1 well in Nigeria.

Tullow Oil Cuts Deeper As Banks Agree To Amend Loan Terms
Thursday, April 28, 2016 Tullow Oil reduces its annual capital expenditure budget by another $100 million to $1 billion and may cut spending further as it adjusts its balance sheet to weak oil prices.

Eland Boosts Production at Nigerian Opuama-3 Well
Tuesday, April 26, 2016 Eland Oil & Gas plc completes re-entry works and boosts production at the Opuama-3 well in Nigeria.

Bowleven Granted 1 Year Extension to Bomono License Onshore Cameroon
Friday, April 22, 2016 Bowleven granted a 1 year extension to its existing Bomono exploration license, onshore Cameroon.

  


Shell Eyes $700M Exit from Gabon
Thursday, April 21, 2016 Royal Dutch Shell is working on selling out of its onshore assets in Gabon, according to two sources familiar with the matter, seeking to refocus its African presence.

GDC Begins Engineering Works for Logbaba Field Drilling
Tuesday, April 19, 2016 Gaz du Cameroun S.A. begins engineering works for "the most important project for this year", the drilling of two wells at the onshore Cameroon Logbaba field.

Shell Says Theft from its Nigerian Oil Pipeline Network Fell in 2015
Monday, April 18, 2016 Theft of crude oil from the pipeline network of Shell's Nigerian subsidiary fell to 25,000 barrels per day in 2015, roughly 32% less than the previous year.

Cairn Spuds SNE-4 Well Offshore Senegal
Monday, April 18, 2016 The SNE-4 well, offshore Senegal, has been spud by Cairn Energy plc, according to the company's joint venture partner, FAR Limited.

Eni to Invest 20B Euros in Africa in Next Four Years
Friday, April 15, 2016 Italy's Eni plans to invest about $22.52 billion in Africa over the next four years, mostly in oil and gas.

Another Former OPEC member, Gabon, Wants to Rejoin Oil Group
Friday, April 15, 2016 Gabon wants to rejoin OPEC after more than 2 decades, becoming the second former member in a year to seek a return to the oil exporters' group just as it is taking the first steps in years to prop up prices.

Angola's State Oil Firm Finds Offshore Reserves
Thursday, April 14, 2016 Angola's state oil company Sonangol says it has found oil and gas reserves in the Kwanza basin that could total 2.2 billion barrels of oil equivalent.

Lekoil Flows Oil from 2 Upper Zones at Nigeria's Otakikpo-002 Well
Wednesday, April 13, 2016 The Otakikpo-002 well, located in Nigeria's Otakikpo Marginal Field, flows oil from 2 upper zones during 2 production tests.

What Would an Exit from Bonga South West/Aparo Mean for Shell?
Tuesday, April 12, 2016 Rigzone looks at the development of the Nigerian Bonga South West/Aparo project amid the lower oil price environment and outlines what a potential exit from the venture would mean for operator Shell.

Cairn Energy Sees Further Success in Senegal, Plans Additional Well
Monday, April 11, 2016 Cairn Energy plc will commence operations for a fourth well in Senegal, SNE-4, "shortly", after the third BEL-1 well encounters "positive" results.

Tullow Kudu Stays on as JV Partner in Namibian Offshore License PEL 37
Friday, April 08, 2016 Tullow Oil's subsidiary Tullow Kudu stays on as a partner in license PEL 37 offshore Namibia.

Tullow Confirms Damage to FPSO Kwame Turret Bearing
Friday, April 08, 2016 Tullow Oil plc confirms that the turret bearing on the FPSO Kwame Nkrumah has been damaged and is no longer able to rotate as originally designed, following a technical investigation.