Industry Developments

US major Chevron has announced that it has lifted force majeure on oil output from its Escravos terminal in Nigeria.

While Nigeria remains the problem child in Africa, thanks to the continued underperformance against theoretical productive capacity, West African rival Angola could face OPEC-related... 2009-01-07

Saudi Arabia has announced the discovery of five new oil and three new gas fields, according to the country's Minister of Petroleum and Mineral Resources Ali bin Ibrahim al-Naimi.... 2009-01-06

Turkmenistan and Iran have agreed a gas sales deal that includes consent over a new gas price for the next six months.

Canada's Africa Oil has stopped exploration in Somalia's Puntland region, according to local staff and contractors reported by Reuters.

December 31 2008 saw Iraq launch its second post-war bidding round. Oil minister Hussain al-Shahristani listed the 11 oil and gas fields or groups on offer as Halfaya, East Baghdad,... 2009-01-03

The United Arab Emirates' (UAE) Dana Gas has made a gas and condensate discovery at the El Basant-2 well in Egypt. The well, in the Nile Delta Concession, is located about 1.4km... 2008-12-31

Italy's Eni has been awarded six new exploration licences in Gabon. The licences, of which two - D3 and D4 - are located in the offshore North Gabonese Basin and four - E2, F3,... 2008-12-30

Medgaz, a consortium of Algeria's Sonatrach (36%), Spanish companies Cepsa (20%), Iberola (20%) and Endesa (12%) and newly merged GDF Suez (12%), has announced... 2008-12-29

French major Total announced on December 23 that Nigerian subsidiary Total E&P Nigeria (TEPNG) struck hydrocarbons pay with its Etisong-1 exploration well, drilled in the south-eastern... 2008-12-24