‘Liquidity still tight for small upstream EMEA oil firms’

Seven EnergySeven Energy is working on the pipelines at its integrated gas facility station in southeastern Nigeria. (Image source: Seven Energy)Fitch Ratings has described the risks faced by the EMEA small oil and gas exploration and production companies, noting that the sustained fall in global oil price has deteriorated the liquidity positions of small upstream companies in the region

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Nigeria approves new oil policy

Nigeria Oil policyThe new administrative oil policy in Nigeria is expected to transform the future of oil and gas sector in the country. (Image source: Yaruman5/Flickr)The Nigerian government has approved new national oil administration policy, aiming to improving the country’s oil fortunes by boosting revenues from the commodity

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Final investment decision made on Dussafu oilfields, Gabon

platform 379392 960 720Gabon offshore oil development continues apace. (Image Source: gpzagan/Pixabay)Panoro Energy has announced its final investment decision (FID) on the development of the Dussafu oil fields in Gabon

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Cairn Energy discovers oil in Senegal drill test

CairnCairn has a 40 per cent working interest (WI) in three blocks offshore Senegal. (Image source: Cairn Energy PLC)Cairn Energy PLC announced that it discovered oil at the deep portion of FAN South-1 well basin in the South Fan prospect offshore Senegal, and said that further work will be undertaken to establish the potential commerciality of the deep water resources

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US$700mn agreement for development of OMLs 83 and 85 in Nigeria

NNPCThe joint project team is expected to be benefitted from the technical knowledge of Schlumberger and the extensive local knowledge of the partners. (Image source: Vanhurck/Shutterstock)The Nigerian National Petroleum Corporation (NNPC), FIRST Exploration and Production (First E&P) and Schlumberger signed a tripartite agreement for the development of the Anyala and Madu fields under OMLs 83 and 85, in Nigeria’s offshore Bayelsa state

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