In an unfortunate development in Nigeria, one person died and three other went missing following the collapse of a drilling rig
Seplat Energy initiates rescue mission following rig accident
Exploration
Exploration expenditure set to bounce back: Wood Mackenzie
Spending on exploration (excluding appraisal) will recover from historic lows to average US$22bn per annum in real terms over the next five years, according to a new report from Wood Mackenzie, although it is unlikely to reach past highs
Will scrapping fuel subsidy take pressure off Nigeria's inflation?
S&P Global Ratings revised Nigerias credit outlook to stable from negative and affirmed the countrys B-credit rating
TWMA awarded US$15mn contract for bp's Egyptian oil & gas project
TWMA has been awarded a contract worth up to US$15mn to support a large-scale oil and gas project for bp in Egypt
Africa Finance Corporation to fund Sangomar oil project in Senegal
Africa Finance Corporation (AFC), an infrastructure solutions provider on the continent, is partnering with the Government of Senegal to fund the development of the landmark Sangomar oil field
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