Libya keeps door open to BP

Shokri Ghanem, the head of Libya's National Oil Corporation (NOC), recently said he was happy to allow BP to continue working in the north African nation, adding that he believed the Macondo spill in the Gulf of Mexico was "exaggerated somewhat".

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TPAO racks up Libyan bounty

Turkish producer TPAO is weighing up its Libyan plans after making a fifth oil find in Area 147/3-4 in Libya's Murzuq basin.

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Libya pressures BP on deepwater drilling in Mediterranean

Libya wants assurances from BP after its handling of the Gulf of Mexico oil spill but will allow it to start deep-water drilling in the Mediterranean, the country's top oil official said Monday.

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Africa Oil enters JV to acquire South Omo Block

Africa Oil has signed a Farmout Agreement and Joint Venture Agreement with Agriterra (formerly White Nile Ltd.) to acquire an 80 per cent participating interest and operatorship of the South Omo Block in Ethiopia.

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VAALCO discovers oil offshore Gabon

VAALCO announced the Southeast Etame No. 1 (ETSEM-1) exploration well completed drilling to a total depth of 2,757 m offshore Gabon and encountered approximately five m of Gamba sandstone section which logged oil full to base.

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