Regional News: West Africa

 
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Eland Sees Reduced Loss
Friday, May 22, 2015 Eland Oil & Gas reveals a $16-million loss in its full-year results for 2014, which compares favorably to a loss of $26 million in 2013.

Finance Minister: Ghana's Oil Production to Rise Six-Fold by 2018
Wednesday, May 20, 2015 Ghana's oil production will rise six-fold by 2018, according to the country's finance minister.

Erin Energy's Oyo-8 Well Offshore Nigeria Exceeds Expectations
Monday, May 18, 2015 Erin Energy Corporation's Oyo-8 well offshore Nigeria exceeds expectations by producing a stable rate of 7,080 barrels of oil per day.

Afren Announces Non-Executive Director Resignations
Monday, May 18, 2015 Afren reveals Peter Bingham and John St John will resign as non-executive directors.

Shell Reopens Bonny Light Crude Export Pipeline
Monday, May 18, 2015 Shell reopens the Trans Nigeria pipeline that feeds Bonny Light crude oil to the export terminal.

  


Savannah Petroleum Finds 14 Drill-Ready Exploration Sites in Niger
Thursday, May 14, 2015 Savannah Petroleum finds 14 drill-ready exploration sites with prospective oil resources of 215 million barrels in Niger.

Porcupine Prospect Could Contain 1.5B Barrels
Tuesday, May 12, 2015 The Porcupine Prospect offshore Ireland could contain 1.5 billion barrels of prospective resources, according to a competent persons report from ERC Equipoise.

Eland Gets Go-Ahead for OML 40 Operatorship
Monday, May 11, 2015 Eland Oil & Gas receives consent from Nigeria's Department of Petroleum Resources to operate the OML 40 onshore license.

Cairn Energy Submits 3-Year Senegal Work Plan
Monday, May 11, 2015 Cairn Energy submits a three-year work plan for the government of Senegal, detailing a drilling campaign around the SNE-1 discovery well in the country's offshore zone.

Bourbon Says Three Kidnapped Crew Members Released
Monday, May 11, 2015 French oil services company Bourbon says that the three Nigerian crew members kidnapped after one of its speedboats was boarded off the Nigerian coast on April 8 had been released.

Eni Commences Production at Cinguvu Oil Field in Block 15/06 Off Angola
Thursday, April 30, 2015 Eni commences production at the Cinguvu oil field in Block 15/06 offshore Angola.

Tullow Says Outlook for 2015, 2016 'Positive'
Thursday, April 30, 2015 Tullow Oil says the outlook for its business during the remainder of this year and into 2016 "is very positive".

Kongsberg Maritime Lands Yinson Genesis FPSO Contract
Thursday, April 30, 2015 Kongsberg Maritime lands $26.6 million engineering services and technology contract for the Yinson Genesis floating production, storage and offloading vessel.

Nigeria's Seplat Says 1Q Profit Hurt By Lower Oil Price
Tuesday, April 28, 2015 Seplat Petroleum posts a 47% drop in 1Q pretax profit, blaming lower crude prices and pipeline shutdowns in Africa's biggest oil producer.

Tribunal Rejects Ivory Coast Request that Ten Project be Suspended
Monday, April 27, 2015 A request by the Ivory Coast that Ghana be orderedto suspend all oil exploration and exploitation in the vicinity of the TEN Project is rejected by the International Tribunal of the Law of the Sea.