Ghana Energy Minister visits oil vessel construction site

Thursday, November 19th, 2009

A delegation led by the Minister of Energy, Dr. Joseph Oteng-Adjei, has visited three of the yards involved with the construction of the Jubilee Field Offshore Floating Production, Storage and ...


New oil licensing round in Gabon

Thursday, November 5th, 2009

Gabon is set to start a new oil licensing round in May next year for more than 40 blocks from two deep-water basins, it has been announced. Geophysical company CGGVeritas’ chief ...


Spotlight on Equatorial Guinea

Monday, November 2nd, 2009

Equatorial Guinea has become a significant oil exporter since the discovery and development of large offshore oil reserves in the mid-1990s. While oil production has increased from 5,000 barrels per ...


US crude for November delivery is $71.63 a barrel on the New York Mercantile Exchange ,London Brent crude $70.22 a barrel.

Wednesday, September 23rd, 2009

Nigeria's crude oil production averaged 2.09 million barrels per day in the second quarter, up from 2.01 million bpd during the same period last year, the National Bureau of Statistics ...


Oil News ; Angola has overtaken Nigeria as Africa’s biggest oil producer ; Federal Government of Nigeria yesterday set a benchmark of $50 per barrel of crude oil and four million barrels per day production for the 2010 budget

Thursday, July 23rd, 2009

Tema, Ghana: In this gritty port city in eastern Ghana, the country’s only oil refinery currently processes 45,000 barrels of crude per day, mostly from other West African countries such ...


Oil discovery in the Kigogole-3 exploration well in Uganda

Tuesday, June 16th, 2009

Tullow 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 ...


Oil News from around the web, OPEC says $50 a barrel, acceptable, New Discovery in Gabon

Friday, April 3rd, 2009

Organisation of Petroleum Exporting Countries (OPEC) yesterday stated that the current prices of crude oil, which is around $50 a barrel, can be acceptable given the current economic environment. ...


Successful Mahogany-3 appraisal and exploration well

Friday, January 9th, 2009

Tullow Oil plc (Tullow) announces that the Mahogany-3 well located in the West Cape Three Points licence offshore Ghana has intersected significant light oil columns in both the Jubilee field ...


Eni acquires six new exploration licenses in Gabon

Saturday, January 3rd, 2009

Two licences are located in the prolific north Gabonese basin, in conventional waters, whereas the remaining four are located in the promising onshore basin. The agreement signed with the Gabonese government ...


Nigeria: Launch of OML 58 Upgrade Project

Thursday, October 30th, 2008

 Total announces that its subsidiary Total E&P Nigeria Limited (TEPNG), operator of the NNPC/TEPNG joint venture with a 40% interest, has launched the OML 58 upgrade project. Nigerian National Petroleum ...


Total Gabon: First-Half 2008 Results

Monday, September 1st, 2008

Selling Price The selling price of the Mandji and Rabi Light crude oil grades marketed by Total Gabon averaged $102.4 per barrel in the first half of 2008, up 75% from ...


Sterling, Farmout of interest in Gabon for cash and carry

Monday, June 9th, 2008

Sterling (symbol: SEY), an AIM listed independent oil & gas exploration and production company with interests in the Gulf of Mexico, Africa and the Middle East, announces that it has ...


Total Gabon, First-Quarter 2008 Results

Wednesday, May 14th, 2008

Port-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 ...


Total Announces Launch of Anguille Field Redevelopment in Gabon

Thursday, February 28th, 2008

 Total subsidiary Total Gabon today announces that it has begun redeveloping the Anguille Field in Gabon. Anguille is located 20 kilometres offshore Port-Gentil, in a water depth of 30 metres in ...