Sinopec steps into overseas upstream segment

SINOPEC HAS INKED a deal to acquire a stake in Block 18, in Angola, from its parachute company, China Petrochemical Corporation.

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Tullow Oil thinks big as Africa plans take shape

TULLOW OIL IS on track to pump first oil from the Jubilee development off Ghana, in the fourth quarter of the year, with company boss Aidan Heavey saying it expects to get the nod for its purchase of Heritage Oil's Ugandan assets in the next few weeks.

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Rig secured for Congo block

SOCO INERNATIONAL HAS secured the services of the onshore drilling rig, Caroil #1, owned by Caroil SAS, for its exploration drilling program in the Nganzi Block, onshore the Democratic Republic of Congo.

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Accra confirms Tap award

 AUSTRALIA'S TAP OIL said Ghana’s Parliament had ratified its award of an offshore exploration block, which Tap will operate with a 36 per cent stake.

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Ghana waits on Jubilee flows

GHANA IS ON track to deliver oil from the Jubilee field from December this year, with initial output doubling to 250,000 bpd by 2013, according to the country's vice president.

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