Industry Headlines News for West Africa


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Ivory Coast Awards Tullow Two New Oil and Gas Blocks
Wednesday, January 17, 2018 Africa-focused Tullow now holds stakes in nine Ivorian blocks.

NDA to Carry Out 'Deadly' Attacks in Next Few Days
Wednesday, January 17, 2018 The Niger Delta Avengers (NDA) warns that it will carry out deadly attacks on Nigerian oil sector players in the next few days.

Oil Crosses $70 Threshold in London as Worldwide Glut Dwindles
Thursday, January 11, 2018 Oil briefly topped $70 a barrel in London for the first time in three years.

OPEC's Cheer Over 2018 Oil Rally Tinged By Shale Worries
Tuesday, January 09, 2018 Oil's price rally this year to its highest since May 2015 may seem a source of glee for OPEC.

Investors Sense Opportunities In Big Oil - But Mind The Gap
Friday, January 05, 2018 Investors are gaining confidence - up to a point - that 2018 will be the year of oil stocks.

Rig Trends: Offshore Rig Fleet Poised for Comeback, but More Time is Needed
Thursday, January 04, 2018 Most of the 2018 indicators are positive, and should they shake out as predicted, the second-half of next year could finally be the start of a true recovery.

Why I Returned to the Oilfield...
Thursday, January 04, 2018 Oil and gas workers detail their journeys exiting - and coming back - to the industry.

Oil, Gas Outlook: M&A, Asset Development Key to Future Growth
Wednesday, January 03, 2018 Argo Consulting's Alan Free discusses where the silver lining may be for oil and gas in 2018.

2018 Outlook: Survey Reveals Industry's Outlook on Oil Prices, Jobs
Tuesday, January 02, 2018 Rigzone readers share their outlooks on some of the most pertinent issues affecting the oil and gas industry.

Moody's Sees Oil Prices At $40-$60 Per Barrel This Year
Tuesday, January 02, 2018 Moody's Investors Service expects oil prices in the range of $40 to $60 per barrel in 2018.

Top 5 Articles by Rigzone Staff in 2017
Friday, December 29, 2017 Rigzone reveals some of its most-read articles written by staff in 2017.

Top Rigzone-Staff Picks for 2017
Thursday, December 28, 2017 Rigzone's editors highlight articles they've particularly enjoyed writing in 2017.

Five Oil Signals to Watch as 2018 Pits OPEC Against Shale
Thursday, December 28, 2017 Oil traders are going to have their work cut out for them in 2018.

Global Conventional Discoveries Hit Record Low
Friday, December 22, 2017 Global conventional discoveries hit a record low in 2017, coming in at less than seven billion barrels of oil equivalent.

BLOG: Wrapping Up a Year of Oil Price Predictions
Thursday, December 21, 2017 Volatility is the name of the game for oil prices, and in this end-of-year wrap-up, Rigzone shows the ups and downs that were present in this year’s predictions.

Nigerian Oil Union Begins Nationwide Strike
Monday, December 18, 2017 One of Nigeria's largest oil unions launched a nationwide strike on Monday over the laying off of its workers, its general secretary said.

Nigerian Oil Union PENGASSAN Threatens Nationwide Strike
Thursday, December 07, 2017 One of the country's 2 main oil unions threatens to stage a nationwide strike from Dec. 15 over a 'mass sacking of workers'.

Total, Sonangol in Angola Pact
Wednesday, December 06, 2017 Total, Sonangol sign several agreements covering both upstream and downstream activities in Angola.

Niger Delta Avengers Issue 'Bloody' New Warning to Oil Companies
Friday, November 03, 2017 The Niger Delta Avengers (NDA) have issued a 'brutal and bloody' new warning to oil and gas companies operating in Nigeria's Niger Delta region.

Total to Map Guinea Oil Blocks with Option to Acquire Three
Friday, October 06, 2017 Total plans to carry out seismic mapping of deep and ultra deep offshore blocks with an option to acquire three of them.

Nigerian Minister Is Said to Question $24 Billion Oil Deals
Wednesday, October 04, 2017 Nigeria's oil minister sent a letter to President Buhari listing at least $24B of contracts involving the state oil company that he said were never discussed with him or the firm's board.

Boko Haram Wing Tied To IS Marks Resurgence By Kidnapping Oil Workers
Wednesday, August 02, 2017 A Boko Haram faction with ties to IS and responsible for the kidnapping of a Nigerian oil prospecting team has become a deadly force capable of carrying out highly-organized attacks.

Ambush on Nigeria Oil Team May Hamper Buhari's Recovery Plan
Tuesday, August 01, 2017 An attack by Islamist militants on an oil exploration team in Nigeria's northeast has hurt the government's ambition to find new crude reserves.

Halliburton To Pay $29.2MM To Settle US Charges Tied To Angola
Thursday, July 27, 2017 Halliburton Co will pay $29.2 million to settle civil charges.

Boko Haram Attack on Oil Team Said to Have Killed 48
Thursday, July 27, 2017 An attack on a Nigerian oil exploration team by Boko Haram militants leave at least 48 people dead.

Nigeria Says Has Rescued Oil Firm Staff Kidnapped By Suspected Boko Haram
Wednesday, July 26, 2017 Nigeria's military has rescued all members of an oil survey team kidnapped by suspected Boko Haram militants.

Nigeria's State Oil Company Agrees $700 Million Joint Venture
Thursday, June 29, 2017 Nigeria's state oil company said it had agreed to a joint venture to cover the more than $700 million cost of developing new oil fields in its southern Niger Delta energy hub.

Statement: Workers at Ivory Coast's Petroci Go On Strike
Thursday, June 29, 2017 Workers at Ivory Coast's state oil company Petroci went on strike, fearing job losses amid a push by the government to restructure and privatize parts of the business, their union said in a statement.

New Militant Group Threatens Niger Delta Oil War
Wednesday, June 14, 2017 The latest group of militants emerges in Nigeria's oil-rich Niger Delta.

Nigerian Oil Workers Extend ExxonMobil Strike To Chevron, Agip And Shell
Tuesday, May 16, 2017 Nigerian workers from an oil labor union have extended a strike to oil majors Chevron, Shell and Eni subsidiary Agip in protest over the sacking of members from Exxon Mobil Corp.

US Oil Firm Cobalt Files For Arbitration Against Angola For $2B
Friday, May 12, 2017 Cobalt said it had filed requests for arbitration seeking more than $2B from Sonangol after the two failed to reach an agreement on license deadline extensions.

Bowleven to Cut Staff in Bid to Reduce Costs
Friday, May 12, 2017 Bowleven plc will be reducing staff numbers in a bid to cut costs.

Senegal President Dismisses Energy Minister
Tuesday, May 02, 2017 Senegal's President Macky Sall dismisses energy minister.

Nigeria's Lower House Committee To Probe Oil License Deal
Wednesday, April 12, 2017 Nigeria's lower house of parliament has set up a committee to investigate the circumstances surrounding the award of oil prospecting licence (OPL) 245, the committee chairman says.

Chief Executive: Republic of Congo Good Place for Oil Professionals to Work
Wednesday, April 12, 2017 The Republic of Congo has been branded as a good place for oil and gas professionals to work, according to Anglo African Oil & Gas plc (AAOG) Chief Executive, Alex MacDonald.

Buhari's Change of Tack in Nigeria Delta Boosts Oil Output
Tuesday, April 04, 2017 A year and $7 billion in lost oil exports later, President Buhari's decision to switch tack by negotiating with the fighters seems to be working.

Oil Workers Seen as Target in New Phase of South Sudan's War
Thursday, March 30, 2017 Crude oil brings in the cash to keep South Sudan's army fighting. That may have made oil workers a target for rebels waging the African nation’s three-year civil war.

Fading Oil Industry Brings Economic Uncertainty In Gabon
Tuesday, March 28, 2017 President Ali Bongo is facing strong opposition, including a spate of strikes by oil workers demanding better pay and new contracts.

Shell to Sell Gabon Onshore Assets for $587MM, 430 Staff to be Transferred
Friday, March 24, 2017 Royal Dutch Shell plc reaches an agreement with Assala Energy Holdings Ltd. to sell 100% of its Gabon onshore interests for $587 million.

Nigerian Court Overturns Seizure Of Oilfield From Shell And Eni
Friday, March 17, 2017 A Nigerian court overturns a request by Nigeria's financial crimes agency to seize an oilfield from Royal Dutch Shell and Eni.

Total Starts Up Moho Nord Deep Offshore Project
Wednesday, March 15, 2017 Total starts up production from the Moho Nord deep offshore project, located offshore the Republic of the Congo.

Nigeria's Proposed Sale of Oft-Bombed Oil Assets Not Easy
Monday, March 13, 2017 Nigerian President Muhammadu Buhari's government proposed a plan to jump start the economy by, among other things, selling stakes in joint-venture oil projects within the next three years.

Total Sells Gabon Assets to Perenco for $350MM
Monday, February 27, 2017 Total S.A. signs an agreement for the sale of stakes and the transfer of operatorship in various mature assets in Gabon to Perenco for a total value of around $350 million.

Chad's Upstream Sector Income Could Erode Post-2021, GlobalData Warns
Thursday, February 16, 2017 Chad's income from the upstream sector will continually erode in the post-2021 period unless there is an oil price hike over the medium term or new large projects are brought online, GlobalData warns.

Workers End Strike At CNR's Ivory Coast Operations
Wednesday, February 15, 2017 Workers at Canadian Natural Resources' Baobab and Espoir oil and gas fields in Ivory Coast end a strike over employment conditions launched last week.

Workers Launch Strike At CNR's Ivory Coast Fields
Wednesday, February 08, 2017 Workers at Canadian Natural Resources' Baobab and Espoir oil and gas fields in Ivory Coast launch a 72-hour strike over employment conditions, the head of their union said.

Nigeria Will Meet All Overdue Payments To Ex-Militants In Niger Delta
Thursday, February 02, 2017 Nigeria will soon pay all overdue cash stipends to former militants who signed up for an amnesty in 2009 in the Niger Delta oil hub, the government says.

Ghana's Only Oil Refinery Shut After Explosion
Friday, January 27, 2017 Ghana's only oil refinery, the Tema Oil Refinery, is shut after an explosion at a newly installed 5.8-million-euro crude oil heating unit.

Nigeria Court Orders Temporary Forfeiture Of Oilfield In Corruption Probe
Thursday, January 26, 2017 A Nigerian court has ordered the temporary forfeiture of assets and the transfer of operations of a long-disputed oilfield owned by Shell and Eni, among others, to the federal government.

Equatorial Guinea Says It Expects Decision Soon On OPEC Membership Bid
Wednesday, January 25, 2017 Equatorial Guinea has held "fruitful" discussions and expects a decision soon on an offer to join the Organisation of the Petroleum Exporting Countries (OPEC).

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