Africa | Egypt Oil & Gas - Part 34
BP Declares Force Majeure on Angolan Oil Project
BP has declared force majeure on oil output from an Angolan oil project which provides almost 10 percent of the OPEC member's exports after a power loss.
Oil Sales to Go Through Eastern Firm says Libya’s Recognised Government
Libya's internationally recognised government said on Tuesday that any sales of the country's oil should be arranged through a state firm based in Benghazi under its leadership to prevent fraud.
Mozambique Bid Rounds Halted Due to Unclear Rules
Mozambique, site of the biggest natural-gas discovery in a decade, may have to delay its petroleum licensing round because the rules haven’t been clarified, according to the country’s Center for Public Integrity.
Africa’s Oil Reserves Still Profitable After Pricing Crisis
African oil explorers will keep drilling in select locations such as onshore east Africa and less complex projects off the West African coast even with oil at $60 a barrel, executives and analysts told Reuters.
ADX Acquires Kerkouane Exploration Licence Extension in Tunisia
ADX Energy has announced that the Tunisian Authorities (Comité Consultatif des Hydrocarbures) have granted ADX an additional six month extension of the exploration period for the Kerkouane permit, offshore Tunisia, t ...
Nigeria’s Oil and Gas Market To Reach $7.5 Billion by 2019
There are indications that the nation’s oil and gas market would bounce back in the next four years, as a recent report by an international agency predicts a significant growth in the market value to about $7.5 billi ...
ExxonMobil Plans 16 New Oil, Gas Projects
Exxon Mobil Corporation expects to start up 16 major oil and natural gas projects during the next three years and is on track to increase daily production to 4.3 million oil-equivalent barrels by 2017, Rex W. Tillers ...
Angola Aims for 2 mil b/d Crude Output by 2016
Angola hopes to achieve its long-held crude production target of 2 million b/d by the beginning of 2016, state oil company Sonangol said Friday.
