Libya to reopen oil sector to foreign investors
Libya froze all new foreign investment after the 2011 civil war, but today, they are producing over 700,000bpd with the hope the produce 1.25mnbpd by end-2017
E&P
Cairn Energy and Tullow Oil share price grows with African announcements
Cairn Energy and Tullow Oil are planning to tap low-cost African oil fields in 2017 as the crude oil price rises
ERHC Energy sign MOU with Starcrest Energy Nigeria Ltd
ERHC Energy Inc., a publicly traded company with oil and gas assets in Sub-Saharan Africa, announced in 17 January, the signing of a Memorandum of Understanding (MOU) with an Starcrest Nigeria Energy Limited
Africa Oil announce oil discovery on Erut Prospect, Kenya
On 17 January from Vancouver, Canada, Africa oil Corporation announced the discovery of oil in the Erut-1 well in Kenya
Statoil awards OneSubSea production system contract for the Utgard development, North Sea
OneSubsea announced on 19 January that it has been awarded an engineering, procurement and construction contract by Statoil to supply the subsea production system for the Utgard gas and condensate discovery in the North Sea
