Africa Oil Business News


Last update11:28:10 AM

30/07/2014, 11:28
african-oil-energy-sector-fuelling-global-investor-growth-says-dhl    While Oil and Gas activity in West Africa is nothing new, it is the activity in East Africa which is creating a stir amongst exploration companies and of course, their suppliers. This is according to Steve Harley, President, DHL Energy Sector who says that while Angola and Nigeria have always been the most notable producers within the Sub-Saharan region, more recently, significant gas discoveries in Tanzania and Mozambique, has led to East Africa now receiving its share of attention from...Read More
14/07/2014, 14:13
    National Petroleum Authority (NPA), has announced that petroleum prices are to be increased from 15 to more than 20 percent. This begins on Monday,...Read More
03/07/2014, 14:13
Brent and West Texas intermediate crudes fell to three-week lows Wednesday as rebels in Libya said two oil ports they have held for a year are free to...Read More
03/07/2014, 13:57
The Nigerian Stock Exchange says Forte Oil has become the 12th high- priced stocks, following the review of the prices of stocks.A statement by the Head,...Read More
03/07/2014, 13:54
CAMAC Energy has confirmed plans to begin drilling for oil in its allocated oil blocks in the Gambia by 2016, according to local reports.CAMAC Energy is...Read More
03/07/2014, 13:28
Wood Group Kenny (WGK) has been awarded an engineering services contract to support Tullow Ghana Limited and its partners through the execution phase of...Read More
18/06/2014, 11:59
    Iran will sell two million tonnes of liquefied petroleum gas (LPG) and oil products to South Africa annually, Iran’s Mehr News Agency (MNA)...Read More
18/06/2014, 11:58
Hydra Offshore, an indigenous oilfield services company, has signed a partnership agreement with Alexander Comley Limited, a British-based manufacturing...Read More
16/06/2014, 13:44
Chevron Corporation has announced that its subsidiary, Chevron Global Energy Inc., has sold its 25 percent non-operated interest in a producing oil...Read More
16/06/2014, 13:43
Sasol Petroleum International, the upstream oil and gas subsidiary of Sasol Limited (Sasol), has announced that it has concluded a farm-out to Eni SpA...Read More
16/06/2014, 13:42
EnerGulf Resources Inc.  is pleased to announce a Strategic Exploration Agreement between Gazania 148 Investments (Pty) Ltd ("Gazania") and EnerGulf...Read More
16/06/2014, 13:40
TOTAL has started up CLOV, a major deep offshore development in Angola’s Block 17. The French major says the commencement is “in line with the initial...Read More
16/06/2014, 13:40
There are ongoing secondary transactions in the Nigerian upstream, taking place outside of government driven bid rounds and attracting less publicity than...Read More
06/06/2014, 13:35
Three global giants in the oil and gas sector, Chevron, Shell and Exxon Mobil could soon be prospecting for oil in Ghana.The international oil companies...Read More
27/05/2014, 15:56
United Kingdom-listed independent oil and gas producer, Afren, said it planned to begin further development drilling at its Nigerian offshore Ebok, Okwok...Read More
27/05/2014, 15:56
Seplat has said it is confident it will win the dispute over the purchase of a Chevron asset.The company’s Chief Executive Officer, Mr. Austin Avuru was...Read More
27/05/2014, 15:55
A public consultation to analyse the study of environmental impact, taking into account the drilling in block24 in the central Benguela province, was...Read More
16/05/2014, 18:04
Tullow Oil encountered 62 metres of vertical net oil pay in Twiga South -2 sidetrack, suggesting that the Twiga South play in  the Lokichar basin is a...Read More
16/05/2014, 18:03
The Nigerian independent, Pan Ocean, is the winner of the bid for the Shell operated Oil Mining Lease (OML) 24, one of the four onshore acreages in...Read More
16/05/2014, 18:02
Ike Oguine, an award winning writer of fiction, has been appointed the General Counsel to the Nigerian National Petroleum Corporation, the country’s state...Read More
09/05/2014, 17:04
The international oil companies (IOCs) are expected to divest over 20 oil blocks with not less than 4 billion barrels of oil equivalent (boe) per day and...Read More
09/05/2014, 17:03
Gross production from the Jubilee field, offshore Ghana, averaged approximately 102,000 barrels of oil per day (BOPD) in the first quarter of 2014, an...Read More
09/05/2014, 17:03
There is now a clear line of sight to completion of the Umugini Pipeline, the evacuation route for four Nigerian marginal field producers in the western...Read More
09/05/2014, 17:01
Nigeria has awarded most of its long-term oil contracts worth an estimated $40 billion a year to local companies, according to a confidential list seen...Read More
09/05/2014, 17:01
Tullow Oil has sold majority stakes in two UK North Sea gas fields to Faroe Petroleum for $75.6 million, a deal that kick-starts Tullow's withdrawal from...Read More
09/05/2014, 17:00
Sasol is hoping to produce 2,000barrels of oil per day from a small oil find onshore Mozambique, expected to go onstream late in 2014 or early 2015. The...Read More