Africa | Egypt Oil & Gas - Part 38
Nigeria Cuts Down 2015 Joint Venture Oil Capex by 40%
Nigeria is reducing its capital budget for joint venture oil operations by 40% this year to $8.1 billion due to the slump in crude oil prices, sources at the Nigerian National Petroleum Corporation said Monday.
Cape Three Points Offshore Ghana Development Underway
MILAN, Italy -- Eni, Vitol, and Ghana National Petroleum Corp. (GNPC), along with the President of the Republic of Ghana John Dramani Mahama and the Minister of Petroleum Emmanuel Armah-Kofi Buah, have signed an agre ...
Tight Budgets to Impact Deepwater Africa Ambitions
EDINBURGH, UK – Wood Mackenzie predicts a 30% reduction in spending on exploration and appraisal offshore Africa this year.
EnQuest Halts Investment in Tunisia
EnQuest Plc has exited from its small investment in Tunisia. In May 2013, EnQuest agreed to acquire interests in the Didon producing oil field and the Zarat permit, from PA Resources AB and certain of its subsidiarie ...
OPIC Plan for Liberia Biomass Collapses
BUCHANAN, Liberia (AP) — On paper, the pitch was simple: A renewable energy company backed by $217 million in U.S. government loans would convert one of Africa's poorest countries into the world's first biomass-drive ... Eni Leases $2.54-billion Contract for Ghana FPSO
Eni SPA unit Eni Ghana Exploration & Production Ltd. has let a $2.54-billion contract to Malaysia’s Yinson Holdings Bhd. for the chartering, operation, and maintenance of a floating production, storage, and offloadin ...
Total Extends Contract for Accommodation Vessel in West Africa
ANTWERP, Belgium – Exmar says Total has signed an extension of its contract for the accommodation barge OTTO 5 until mid-2017.
Lekoil Studies Otakikpo Oil Reserves Offshore Nigeria
LAGOS, Nigeria – Lekoil (AIM: LEK) has received an addendum to the Competent Persons Report on the Otakikpo marginal field by AGR TRACS International Ltd. The revision considers the approval by the Nigerian Ministr ...
