Seplat Aquires Stake in OML 53 and OML 55 in Nigeria
Seplat Petroleum Development Co. Plc has completed stake acquisitions in OML 53 and OML 55 in Nigeria.
Africa | Egypt Oil & Gas - Part 36
Aggreko Commissions 18 MW Power Plant in Mozambique
A new power plant has been commissioned in Mozambique by Aggreko and state power utility Electricidade de Moçambique (EDM).
Dyna-Mac to Build Topsides Modules for Deepwater Angola FPSO
Dyna-Mac has secured a S$60-million ($44-million) letter of award to construct six units of FPSO topsides modules for Armada Cabaca Ltd., an affiliate of Bumi Armada Berhad.
Angola to Cut Budget by 25% as Oil Revenue Plunges
Angolan President Jose Eduardo dos Santos said oil revenue in this year’s budget will plunge by almost half, forcing Africa’s second-largest crude producer to cut spending.
Oil Export Port Reopens After Strike Staged by Guards in Libya
The Hariga oil export port reopened after guards ended a strike over unpaid wages, Reuters reported Feb. 10.
Nigeria Exports N9.5tr of Crude Oil and N923.5b of LNG in 2014
NIGERIA earned N9.5 trillion from crude oil export trade and N923.5 billion from natural liquefied gas in 2014, according to the National Bureau of Statistics.
Libya’s Hariga Oil Export Port Shuts Down by Strike
Libya's eastern oil export port Hariga shut down due to a strike of security guards, a port official said on Sunday.
Sonatrach Implements Fracking in Southern Algeria Despite Backslash
The head of state-owned oil company Sonatrach said Sunday that gas exploration in southern Algeria would not be halted despite protests by residents against the use of hydraulic fracturing, or "fracking."
Libyan Violence Threatens Presence of International Oil Companies
The violence roiling Libya has increasingly targeted oil companies and their assets, upending long-term investments by Western companies and driving down production in a country that helped trigger the world-wide rou ...
