Exploration

ExxonMobile and Eni agree the purchase of Area 4 block, offshore Mozambique

2010 10 18 10 55 00 Mozambique Maputo MacamoExxonMobil and Eni have signed a sale and purchase agreement on 9 March to enable ExxonMobil to acquire from Eni a 25 percent indirect interest in the natural gas-rich Area 4 block, offshore Mozambique 

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Erin Energy announced execution of drilling rig contract offshore Nigeria

Pacific BoraErin Energy Corporation announced the execution of a drilling services contract with Pacific Drilling for use of the Pacific Bora drilling rig

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KPC retracts KPRL acquisition bid

531780382 d52efcb108 bThe Ministry of Energy has brokered a deal that will see the Kenya Pipeline Company (KPC) lease the oil refinery facilities in Changamwe

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Nigeria's oil sector faces turbulence with mixed opportunities

Saipem 3000 in Nigeria A075As Nigeria reasserts itself as Africa's top oil producer, Shell has shut down the 225,000bpd Bonga oil field, dropping its daily output to under 2mn bpd, but the US has increased its import of Nigeria crude by nearly 300 per cent

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Oranto launch US$500mn oil exploration campaign in South Sudan

28 States of South SudanOranto Petroleum will invest US$500 million to develop South Sudan’s Block B3, launching a comprehensive exploration campaign starting immediately

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