Nigeria has reached a $5.1b settlement to reimburse foreign oil companies, including Exxon Mobil Corp. and Royal Dutch Shell Plc, for past operating costs.
The Egyptian Ministry of Petroleum and Mineral Resources has paid EGP 1b to Italian Eni, as part of the outstanding dues for for the company's equity production.
Ghana will receive a Floating, Production and Storage and Offloading (FPSO) vessel for the Sankofa project by March 2017 after which production of crude would commence by August. An estimated 170mcf of gas would be p ...
Angolan state oil company Sonangol and its partners including oil major Chevron have started production at the Mafumeira Sul oil field with an initial output of 10,000b/d.
Eni said a final investment decision is expected from partners on Mozambique's deep-water Coral South floating liquefied natural gas project by December, with production starting five years later.
The government of Mozambique announced a one-month extension of the deadline for the tender to select companies interested in the design, investment and development liquefied gas projects.