Africa | Egypt Oil & Gas - Part 31
Ghana Not to Drill New Oil Wells in Disputed Area
Ghana can’t drill new oil wells in a disputed sea area with Ivory Coast, according to a special tribunal. The order may impact producers, including Tullow Oil Plc. Ghana and Ivory Coast “shall pursue cooperation and r...
Libya Shuts Down El Feel Oilfield
Libya has shut down the El Feel oilfield, an engineer at the western field said on Saturday. No more information was immediately available. The OPEC producer had managed to restart the field this year after a pipeline...
Buhari To Release Full Audit on Nigerian State Oil Company
Nigerian President-elect Muhammadu Buhari’s administration will publish the full audit of the state oil company and expects it will need to repay the government more than previously recommended, his party’s policy dir...
Rival Government Continues to Receive Oil Revenue in Libya
Libya’s official government has so far failed to sell oil on its own via an account and middlemen in Dubai, as customers continue to buy crude directly from a state oil firm under the control of a rival governme...
Nigeria Must Raise Gas Prices to Bridge Looming Gap
Nigeria has to raise its gas prices to attract an estimated $55 billion of investment needed to plug persistent local shortages, Nigerian Gas Association President Bolaji Osunsanya said. A government increase of gas p...
Puma Energy to Invest $400 Million in Angola Oil Terminal
Puma Energy, whose largest shareholder is commodity trader Trafigura Beheer BV, opened an offshore fueling system in Angola’s capital to expand a terminal that could cost as much as $400 million. Puma’s Fishing Port T...
Woodside Backs Out of Rabat Licence Operatorship Offshore Morocco
Woodside Petroleum has elected not to take operatorship and fund the drilling of an explortion well in return for an additional 25% equity stake in the Rabat Deep Offshore permit in Morocco. As a result, Chariot Oil &...
Payrolls, Hiring Expand in Middle East Despite Global Oil Slump
Recruitment of new employees for oil and gas companies outside the Gulf region has slowed down, but businesses in the UAE and the rest of the Middle East continue to push forward with hiring, a new report reveals. As ...
