Moodys in a report said that the impact of Nigerias economic recovery on the back of climbing oil prices would be modest and that it would continue to face fiscal pressure
Exploration
Eni completes the production of Ochigufu field, offshore Angola
Eni has announced to complete the ramp-up of the Ochigufu field, in Angola’s deep offshore, reaching the production plateau of 24,000 bpd in less than two months from start-up, thus further intensifying its role in Africa’s oil and gas industry
Eni discovers oil at Faghur Basin in the Egyptian Western Desert
Eni, a major oil and gas player in Africa, has made an oil discovery on the A-2X exploration prospect which is located in South West Meleiha license, in the Egyptian Western Desert, about 103Km North of the oasis of Siwa
NPDC set to emerge as Nigeria’s number one E&P company
Nigerian National Petroleum Corporation (NNPC) has set the target for its foremost upstream subsidiary, the Nigerian Petroleum Development Company (NPDC), to emerge as number one exploration and production company in Nigeria
TransGlobe Energy completes drilling the second South K-field in Egypt, shares operational update
Canada-based international exploration and production company TransGlobe Energy Corporation has announced an operational update for Egypt’s oil and gas sector