BP to Exit Five African Nations
Wednesday, March 3rd, 2010BP said today it would pull out of five countries in southern Africa following a strategy review. The company said it still plans to invest and grow its market share in ...
BP said today it would pull out of five countries in southern Africa following a strategy review. The company said it still plans to invest and grow its market share in ...
Schlumberger Profits Slide
Monday, January 25th, 2010Oil services company Schlumberger has reported a net income of $795m for the fourth quarter of 2009, down from $1.15bn during the same period in 2008. Fourth-quarter revenue stood at $5.74bn, ...
Indian Petroleum Minister Arrives in Kharotum January 24
Monday, January 25th, 2010Indian Petroleum Minister Murli Deora on Sunday arrived here for a two-day official visit to sudan , his first leg of his whirlwind four-nation tour of the African continent to ...
Strong China Growth
Friday, January 22nd, 2010Oil prices today rose above $78 a barrel following strong Chinese growth data that counterbalanced the World Bank's bleak outlook for the global economy. For the new March delivery front-month contract, ...
Jubilee Fields: 278 million barrels of oil expected in first phase
Tuesday, December 8th, 2009Accra, Dec. 7, GNA - The first phase of oil drilling in the Jubilee Fields is expected to yield about 278 million barrels of oil, an official of the Ghana National Petroleum ...
Heritage Oil Enters Into a Letter of Intent to Sell Its Ugandan Interests for Up to US$1.5 Billion
Tuesday, November 24th, 2009THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Heritage Oil Plc (TSX:HOC)(LSE:HOIL), an independent upstream exploration and production company, announces ...
African oil and gas resources
Friday, November 13th, 2009TheNigerian House of Representatives yesterday urged the Federal Government to direct the relevant authorities to resume the exploration and exploitation of oil and gas in the Lake Chad Basin, Benue ...
Government, Private Sector and Civil Society Leaders Highlight Improving Women’s Economic Opportunities as a Growth Strategy at U.S.-Africa Business Summit
Monday, October 5th, 2009Women as an Economic Force first-ever session of its kind at The Corporate Council on Africa’s (CCA) U.S.-Africa Business Summit. U.S. and African leaders highlighted economic impediments facing women in Africa ...
LUNDIN PETROLEUM RELEASES AUDITED RESERVE REPORT FOR THE LUNO FIELD, OFFSHORE NORWAY
Tuesday, July 21st, 2009Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its independent reserves auditor Gaffney, Cline and Associates (GCA) has assigned 95 million barrels of oil equivalent (MMboe) of gross ...
Oil News from around the web, Crude oil for August 2009 delivery was traded at $64.19 a barrel, up $0.14; Nigeria’s crude oil production capacity is expected to decline to 2.46 million
Wednesday, July 8th, 2009Movement for the Emancipation of Niger Delta (MEND) on Sunday blew up a crude oil facility belonging to the United States oil major, Chevron. The militant group also seized a chemical ...
NNPC, ARA to boost refining in Africa
Tuesday, June 30th, 2009The Nigerian National Petroleum Corporation (NNPC) and the African Refiners Association (ARA) have vowed to improve the business of refining and products shipping for the benefit of the countries in ...
Gazprom and Nigerian National Petroleum Corporation sign Agreement on setting up joint venture
Friday, June 26th, 2009On June 24, 2009, as part of the official visit by Dmitry Medvedev, President of the Russian Federation to the Federal Republic of Nigeria, Gazprom and the Nigerian National Petroleum ...
Oil discovery in the Kigogole-3 exploration well in Uganda
Tuesday, June 16th, 2009Tullow Oil plc (Tullow) announces that the Kigogole-3 exploration well, which is located in the Butiaba region of Uganda Block 2, has encountered over 20 metres of net oil pay ...
Eni provides humanitarian aid to the Democratic Republic of Congo
Friday, June 12th, 2009The supplies, consisting of medical kits and water-treatment and sanitation kits, will be delivered to people of the Democratic Republic of Congo involved in the civil war plaguing the Country. Eni ...
ExxonMobil and Vital Voices Launch Africa Businesswomen’s Network at World Economic Forum on Africa
Wednesday, June 10th, 2009Africa Businesswomen’s Network (ABWN) launched at the World Economic Forum on Africa ABWN will build and support a network of businesswomen’s organizations in Sub-Saharan Africa Network hubs underway in Cameroon, Ghana, Kenya, ...
Oil News from around the web, $67.80 dollars a barrel ; new discovery has been made in Sudan
Tuesday, June 2nd, 2009Crude oil for July 2009 delivery dropped as much as $0.78, or 1.1%, to $67.80 a barrel on the New York Mercantile Exchange. It was traded at $68.42 a barrel ...
TGS Begins 2D Regional Multi-Client Project Offshore Benin
Sunday, April 19th, 2009TGS-NOPEC Geophysical Company (TGS) has commenced acquisition on a new 3,500-kilometer multi-client 2D seismic survey in offshore Benin. The Benin 2D program is an extension of the 10,000 kilometers of TGS ...
Chevron Completes Sale of Fuel Marketing Businesses in Nigeria
Saturday, March 21st, 2009SAN RAMON, Calif.--(BUSINESS WIRE)--Mar. 20, 2009-- Chevron Corporation (NYSE:CVX) announced that its subsidiary, Chevron Africa Holdings Limited, has completed the sale of Chevron Nigeria Holdings Limited to Corlay Global S.A, ...
Oil Newsbite, 03/17, 42.96 dollars a barrel, Royal Dutch Shell is to scrap its share buyback programme
Tuesday, March 17th, 2009Saudi Arabia, said it wanted 60 -75 dollars for a barrel of crude. Brent North Sea crude for delivery in April shed 1.97 dollars to 42.96 dollars a barrel in London ...
Daily Oil Newsbite, Nigeria reforms oil sector, Africa s economy to grow by 3.5 per cent
Wednesday, February 4th, 2009Nigeria steps up reforms in oil sector With two former OPEC heads on board, the Nigerian administration seems decided to clean up the national oil company despite falling crude prices and ...
Hess Announces Results of Africa Exploration Drilling
Wednesday, December 17th, 2008NEW YORK, Dec 17, 2008 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today the outcome of its recent exploratory drilling program in Africa. In Libya, well A1-54/01 in the Arous ...
LUNDIN PETROLEUM COMPLETES WELL IN PAYS DU SAULNOIS IN FRANCE
Thursday, October 30th, 2008Lundin Petroleum AB ("Lundin Petroleum") announces that the exploration well Vaxy-1 in Pays du Saulnois in the eastern part of France has been successfully completed. Studies are ongoing to define ...
LUNDIN PETROLEUM COMPLETES EXPLORATION WELL MUNY DENG-1, BLOCK 5B, SUDAN
Thursday, October 30th, 2008Lundin Petroleum AB (Lundin Petroleum) announces that well Muny Deng-1, drilled on the Muny Deng prospect, has reached a total depth of 2,450 metres and will be plugged and abandoned ...
Heritage Oil contracts rig to drill well in the Kurdistan region of Iraq
Thursday, October 30th, 2008/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ CALGARY, Oct. 30 /CNW/ - Heritage Oil Limited (LSE: HOIL), an ...
Total Gabon, First-Quarter 2008 Results
Wednesday, May 14th, 2008Port-Gentil – May 14, 2008, First-quarter sales amounted to $398 million, up 13% from $351 million in the first quarter of 2007, as the positive impact of higher selling prices ...
Hyperdynamics’ Geoscientists Initiate Mission Critical Work in Africa
Monday, March 3rd, 2008Large Structures Merit Heavy Hands-on Focus HOUSTON--(BUSINESS WIRE)--Hyperdynamics Corporation (AMEX:HDY) announced today the seismic acquisition vessel, GSI’s “Pacific”, is in route to Africa. The Company’s Vice President of Exploration and ...
Kosmos Energy Makes Second Oil Discovery Offshore Ghana
Monday, February 25th, 2008Successful Odum-1 Exploration Well Confirms Significant New Regional Oil Province DALLAS--(BUSINESS WIRE)--Kosmos Energy announces today that the company has made a second significant oil discovery offshore the Republic of Ghana on ...
EMTA Holdings Corporation Announces Expanded International Product Distribution and New Order
Tuesday, January 29th, 2008Additional $12 million in Synergyn™ Product Sales Expected in Fiscal Year 2008 SCOTTSDALE, Ariz.--(BUSINESS WIRE)--EMTA Holdings Inc., (OTCBB:EMHD), maker of environmentally friendly engine treatment and fuel additives proven to enhance ...
