The Nigerian subsidiaries of Total SA are to borrow US$7.5bn from eight lenders in the West African country to help fund their development programmes in the region
Exploration
Apache Corporation to exit Kenya offshore operations
US oil and gas explorer Apache Corporation has announced that it will exit its Kenya offshore operations in the L8 Block
South African government to hold 20 per cent of new oil and gas projects
The South African government has announced that it will hold a free 20 per cent stake in all new oil and gas ventures in the country, under new legislation
Libya’s offshore Bouri field output close to 40,000 bpd
Libya is close to producing 40,000 bpd from its Bouri oilfield, offshore Mediterranean Sea
Spain’s Repsol to commence drilling offshore Namibia in 2014
The National Petroleum Corporation of Namibia (NAMCOR) has announced that Spanish oil and gas company Repsol is expected to commence drilling its first well in the Walvis Basin offshore Namibia in early 2014
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