Esso Exploration and Production Congo is seeking strategic alternatives for its 30 per cent interest in the deepwater 3,818-sq km Mer Tres Profonde Sud block (MTPS).

Eni has started oil production from the new Arcadia field, in the Western Desert of Egypt, only 45 days after its discovery.

The Petroleum Products Pricing and Regulatory Agency (PPPRA) has stated that it administers fuel subsidy along with other stakeholders in accordance with approved guidelines.

NIGERIA'S NEW PRESIDENT has signed the Local Content Bill into law, to the relief of promoters like NNPC, local suppliers like Nigerdock and lawyers everywhere who see rich pickings in the definition clauses that will be needed as the legislation matures. How will local content be measured, for example?

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".