Africa

Total completes billion dollar divestment of Nigeria onshore assets

Submitted by Editorial on Mon, 2015-03-30 10:17

30th March 2015

Total has completed the divestment of its stake in onshore Oil Mining Lease (OML) 29 to Aiteo Eastern E&P, a Nigerian company, for USD 569m

Statoil tastes gas offshore Tanzania

Submitted by Paddy Harris on Mon, 2015-03-30 09:21

30th March 2015

Statoil has announced that the Mdalasini-1 exploration well has resulted in a new natural gas discovery offshore Tanzania

ION Geophysical boosts seismic data library offshore Namibia

Submitted by Editorial on Wed, 2015-03-25 17:23

25th March 2015

ION Geophysical has announced completion of the seismic acquisition stage of the company's NamibiaSPAN programme, which extends the full length of Namibia's offshore continental margin

Shell signs off USD 1.7bn Nigeria onshore asset divestment

Submitted by Editorial on Wed, 2015-03-25 16:54

25th March 2015

The Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell), has completed the assignment of its interest in oil mining lease (OML) 29 and the Nembe Creek Trunk Line (OML29 and NCTL) and related facilities in the Eastern Niger Delta

Oceaneering lands USD 100m umbilicals gig at Eni OCTP project offshore Ghana

Submitted by Editorial on Tue, 2015-03-24 10:02

24th March 2015

Oceaneering International has announced that, as part of a consortium with GE Oil & Gas, it has secured a contract with ENI Ghana Exploration and Production, Ltd. and its partners, Vitol and GNPC, to supply equipment for the Offshore Cape Three Points (OCTP) Block Project development located off the coast of West Africa

Shell wraps up USD 737m Nigeria asset sale

Submitted by Paddy Harris on Fri, 2015-03-20 08:59

20th March 2015

The Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell, has completed the assignment of its 30 per cent interest in oil mining lease (OML) 18 and related facilities in the Eastern Niger Delta

No fear for Ophir

Submitted by Paddy Harris on Thu, 2015-03-19 10:51

19th March 2015

Reacting to the price slump with asset divestment, capex cuts and a dynamic acquisition strategy has allowed Ophir Energy to announce post-tax profits of USD 54.8m in its 2014 year-end results

GE awarded USD 850m-worth of equipment contracts at Eni's OCPT project offshore Ghana

Submitted by Editorial on Mon, 2015-03-16 12:30

16th March 2015

GE has announced the booking of an USD 850m order across its Oil & Gas business for the supply of equipment to the Eni-operated Offshore Cape Three Points (OCTP) block, Ghana

Afren share price sinks following unveiling of bond-to-equity recapitalisation plan

Submitted by Paddy Harris on Fri, 2015-03-13 10:04

13th March 2015

Afren is to recapitalise itself by USD 300m with the issuance of bond-to-equity notes to its existing bond holders – scuppering hotly rumoured takeover rumours and slashing the value of its shares by over 15 per cent in early morning trading

SeaBird wraps up Nambia offshore shoot for Chariot

Submitted by Editorial on Fri, 2015-03-13 09:23

13th March 2015

Chariot Oil & Gas has announced the completion of its 2D seismic survey in its Central Blocks 2312 and 2412A offshore Namibia, in conjunction with its partners AziNam (20 per cent), NAMCOR (10 per cent, carried interest) and Ignitus (5 per cent, carried interest).